Registered Charity Number 1134878 SOUTH WEST PENINSULA METHODIST DISTRICT (Formerly Plymouth & Exeter Methodist Dlstrict) Financial Statements for the year ended 31 August 2024 SOUTH WEST PENINSULA I]ISTRICT Tlié Methodist CUlL Tr)
South Wesl Penlnsula Methodlst Dlstrlct Registered Charity Number: 1134878 CONTENTS Page Trustees Annual Report 1-11 Declarations 12 Independent Examiner's Report 13 Statement of Financial Activities 14 Balance Sheet 15 Cashflow Statement 16 Notes to the Accounts 17-27
TRUSTEES, ANNUAL REPORT 2023-2024 Objectives and activities ObJectives The objectives of the South West Peninsula Methodist District (formerly Plyrnouth and 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 us and for all the world, and to renew confidence in God's presence and action in the world and in the church. The charitable objects of the South West Peninsula Distrlct {formerly Plymouth and Exeter Methodist District) are the purposes of the Methodist Church and these are the advancement of: (a) the Chrlstlan faith in accordance with the doctrinal stsndards and the dlscipline of the Methodist Church; (b) any charitable purpose for the time being of any Connexional, District, Circuit, local or other organi5ation 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 charlty being a charity subsidiary or ancillary to the Methodist Church. Activitles The calling of the Methodlst Church is to respond to the gospel of God's love in Christ and to live out its discipleshlp in worshlp and mission. We do this through: Worship.. to increase awareness of God's presence and to celebrate God's love Learnlng and Carlng: to help people to grow and learn as Christians, through mutual support and care Servlce: to be a good neighbour to people In need and to challenge inJustlce Evan8eli5m: to make more followers of Jesu5 Christ The Charities Act 2011 and 'public benef The Trustees of the South West Peninsula District (formerly the Plymouth and Exeter Methodist District) in the meetin85 of the District Policy Committee give attention to their responsibility to demonstrate 'public benefiv, as defined by the Charities Act 2011. In undertaking thi5 work, they follow the Commission's guidance, which sets Out two key principle5: the organisation must have an identifiable benefit. - the benefit must be to the public or a section of the publlc.
The Trustees, particular contribution to the working out of the calling of the Methodist Church is to support and enable the churches and Circults of the District to call, nurture, challenge and equip disciples to carry forward the work. This is achieved by supporting churches and Circuits acr055 the Distritt to: increase awareness of God'5 presence and celebrate God's love. help people to learn and grow as Christians, through mutual support and care", be a good neighbour to people in need and challenge injustice. We conslder that, for these reasons. the South West Peninsula District {formerly the Plymouth and Exeter Methodist District) meets the public benefit requirements. In detail, the District contributes to the life of the churches and Clrcuits by: Worshlp / maintaining oversight of the number and distribution of places of worshlp in the Distrlct / working with other Christian denominations in strategic plans for nurturing a Christian presence for worship and service across our reglon / the work of the District Chair and Lay Stationing Representative, recruitin8 and placing ministers to the ministerial vacancies in the District working together with the Methodist Regional Learning Network to provide opportunlties for those leading worship to develop their skills O encoura8ing the development of patterns of worship whlch meet need, e.g. 'Messy Church, and worship which is accessible to those wlth particular needs Learnlng and Carlng O working wlth 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 provlding opportunities for reflection, the learning and development of ordained ministers and overseeing the development of those exploring a call to ministry building our partnership wlth the Cuttack Diocese of the Church of North India to promote better understanding of, and co-operation within, the world-wide church communitv / keeping people safe by ensurlng that the Safeguarding trainlng developed by the Methodist Church is rolled out and built upon in every church and providing professional support and expertise on Safeguarding matters O promoting throughout the District national guidance on Health and Safety legislation, Employment Law and Data Protection, Continuing our relationship with a Human Resources company to provide human resource advice at a local level to supplement natlonal advice.
Service contributing to the understanding and practice of ministry, with particular concern for rural areas O encouraging community engagement, e.g. Christians against Poverty- involvement in Street and School Pastors and Foodbanks. We also commit to measures to combat climate change. / Encouraging the engagement of Churches and Circuits In the District with the National Methodist Church's New Places for New People initlative which included the appointment of a New Places for New People Coordinator. O promoting good stewardship and wider use of buildlngs, people, funds and other available resources / helping to fund local community Outreach initiatives / supporting and encouraging awareness of the work of Actlon for Children, Methodist Homes, All We Can and other social action initiatives. O Challenging injustice through involvement In natlonal and international initiatives of the Methodist Church Evangelism O being a Christian presence alon85ide agricultural communities in our area through the work of our full time A8ricultural Support Worker. rf providing continuing support to the Transforming Conversation (forrnerly Christlan Cornmunitie5 in Conversation) Projert which seeks to equip congregations to share their falth more readily and effectively in their everyday lives, This includes the funding of two new paid posts for the project. O encoura8ing participation in the new national Growth and Evangelism initiative 'New Places for New People,. O providing Seed Corn and Warm Welcome Grants for Circuits and Churches to respond innovatively to the challenges of copin8 With the aftermath of the Covid 19 pandemic Achievements and performance Achlevements During the Connexional year 2023-2024 the achievement of our objectives have been much less hampered by the impact of the COVID-19 pandemic, although the effects are still felt. Durin8 the year 2023- 2024, the District continued conversations with the Cornwall and Isles of Scilly Distrlct and at its, Spring Synod voted to merge with that District. The merger wa5 approved at the Methodist Conference in July 2024 and the South West Peninsula District was formed on the I September 2024. In Worship We have achleved our objectives in the following ways:
/ continuing to encourage the development of 'online' opportunities for worship, for example 'Zoom' and YouTube services. Shoreline, a purely on-line Church presence in the Exeter Coast and Country Circuit is beginning to have a more District wide and national dimension. O reviewing the circumstances and opportunities where churches are threatened with closure to ensure best use of the resources available. O we have responded to requests for help in reviewing and developing how Individual congregations serve their local communities through worship and action. receiving reports from Ecumenical Officers and identifying local priorities and monitoring local ecumenical projects. O where church buildings, either through very high maintenance costs or through a need for substantial investment costs cannot be sustained, encoura8ing and supporting worship in other public buildings or as house groups. In Learnln8 and Carlng rf working in partnership with the Regional Learning Network to deliver a range of training opportunities for ministers, lay staff and office holders. O ensuring the Ministerial Development Review arrangements are working well and providing an annual Ministerial Retreat. maintainlng effective Supervision arrangements for Ministerlal staff. O aligning the work of the Dlstrict Safeguarding Officer and District Safeguardin8 Group wlth developments led by the Connexional Inationall Safeguarding Team. O providing advice and 8uidance to those church communities faced with issues arisin8 from Safe8uardin8. O working together with the Cornwall and Isles of Scllly District to identify areas of co- operation and benefit. 0 work to implement the response to the General Data Protection Regulations, as led nationally by the Trustees for Methodist Church Purpose5. In Servlce There is plenty of evidence across the District of continuing and innovative services to communities eg. support to Foodbanks and Food Hubs has increased. We have achieved our objectives in the following ways.. O through the District Grant5 Committee, making grants to enable: o the appointment of youth workers, children and family workers, an outreach worker, a university chaplain, a rural support worker and a Methodist Deacon property refurbishment the growth and development of the Transforming Conversation {Chrlstian Communities in Conversation) Project. joining with other denominations in the planning and growing of new Christian communities in major housing developments. growing our engagement with the Cuttack Diocese of the Church of North India as part of our investment in the world-wide Church.
O supporting the appointment of a growing number of lay employee posts within Circuits to support work wlth children and families- young people and pastoral ministry. working to improve communication across the District by a developing an improved website and better use of social media. 4 Following the appointment of a District New Place5 for New People Coordinator, Churches and Circuits have been encouraged to develop innovative and creative new projects. This started with establishing a District project, Rev. 7, based on a hairdressing salon in Plymouth. In Evangellsm rf re5pondin8 to local requests to take stock of local churches activities and effectiveness O growing the potential of the Messy Church network to support parents and children and where possible moving activity online. rf working together with the Connexional Evangelism and Growth Team / developing the Transforming Conversation Ichristion Communities in Conversotion) Project giving particular attention to the training and developrnent of facilitators. O startlng to develop the Evangelism and Growth New Places for New People Initiative. A New Places for New People Coordinator was appolnted to work across the District and the Cornwall and Isles of Scilly District and a District New Places for New People Project, Rev 7, based on an intentional faith based community in a hair dressing salon in Plymouth was approved. A Group of people from across both Districts wa5 formed to take the initiative forward. Performance The District has continued to 5UPPOrt the substantial work started in Churches and Circuit5 to respond to the constraint5 and opportunities offered by the impact of the COVID pandemic. At the year end, the impact of the covid lockdowr) is known and initiatives have been put in place to enable Churches to move forward. During the year we continued to encourage and strengthen leadership, both at the District level and in Circuit Leadership Teams. Improvements to the District web site and use of Facebook has been maintained and proved very helpful in 2023-24. In these ways the District Policy Committee Executive? seeks to demonstrate its accountability as a body of Trustees, on behalf of the District Synod. Flnancial Review The Trustees are pleased to report that durlng the year to 315t August 2024 the District received incoming resources totalling £522,73412023.' £379,995). The financial support received from Connexional Funds were used to fund grants and expenditure of £427.91512023: £298,573). More than 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 DistrictAdvance Fund.
Although this is an unrestritted fund, the South West Peninsula District (formerly the Plymouth and Exeter Methodist District) has currently chosen to hold these funds 501ely 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 fund totalling £141,531 (2023- £77.(K)01 to churches and Circuits. A further £97,1)0012023- £86,250) has been granted to District projects. Fundlng from Circuits has increased by 16% this year12023- 21% 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 2024 the General Fund accumulated a deficit of £34,250 which is in line with our intention to respond to the pressure on Circuit finances. The District proposed to make every effort to reduce overall contributions in real terms after taking into account inflation by passing on the benefit of expected reductions in the Connexional Assessments. howeverthis was frustrated by recent rlses in National Insurance costs. The Trustees continue to keep the finances of the District and related policies under review especially in the light of the merger with the Cornwall and151es of Scilly District on I" September 2025. Investment Pollcy To comply with Methodlst Standlng Order5, monie5 for long term investment are lodged with the Trustees for Methodist Church Purposes ITMCP). TMCP acts as Custodian Trustee for all real estate held by Districts; all large lover £20kl bequests and for the proceeds of sale of any property formerly owned withln the District. These sum5 are invested in unitised investments or held on deposit. The investment returns are close to tracking the movements in the FTSEIO) index. The deposit income mirrors the deposit rates available elsewhere. The South West Peninsula District (formerly the Plymouth and Exeter Methodist District) Trustees, investment policy is aligned with that of the Central Finance Board of the Methodist Church {CFBI 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 rate5 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 ca pital 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 Resenie5 of a charity are defined as that part of a charitws 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'5 Reserves Policy. Reserves will also normally excl ude tangible fixed 3S5ets such as land, buildings and other assets held for the charity'5 use. It also excludes amounts desi8nated for essential future spendin8. Our General Fund reserves are as follows: 2023 Total General Fund value Le55 Funds not freely available 666,563
Land and Buildings held for District use 575 000 Freely available General Fund Reserves 91,563 Our agreed General Fund Reserves Policy is to ensure that we malntain 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 stabllity of the District. Based on our expenditure in 2023124, this requires a reserve of £92.592. The current General Fund Reserves falls short of this amount by £1,029, which is in line with our policy of keeping the minimum amount in reserve to release as much resource as possible to the circuits. 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 15 paid. There is no requirement to hold ReseNes In this fund. Where there is an amount unallocated at the end of any year, thi5 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 ratlfied by - the half yearly Circuit Meeting. A District is the coordinating charity for a group of contiguous Circults 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. l. Overall regulatory authority rests with the Methodist Conference. 2. The Connexional Team implements declsion5 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 Dlstrict, for implementation. 4. The District passes control to Circuits for local implementation by the Superintendent Minister, mlnisterial staff and Circuit Stewards. Authority is delegated to the Circuit Meetin8 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 re8ulatory authority is then exercised by Church Councils as Managing Trustee5 of their charity.
Purpose of the Distrlct The District is an expression, over a wider geographical area than any Circuit, of the Connexional character of the Methodist Church. The purposes of the Methodist Church are and shall be deemed to have been, since the date of the union. the advancement of., the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church, and any charltable 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 mlssion of the Church in the Plymouth & Exeter District bv: providing opportunities for Circuits to work together and support each other li. offering to Circuits resources of finance. personnel and expertise. The District serves the local churches and Circuit5 and the Conference in the support, deployment and oversight of the various ministries of the Church and in programmes of training. Governance The Distrlct operates withln 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 NWI 5JR to provide guidance on changes that could affect the District. The members of the District Policy Committee {DPCI 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. When a 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. If a 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 matter5. It oversees the work of.. The District Executive The District Treasurer The District Safeguarding Group The District Property Committee The District Grants Committee Manses Committee Chairfs Manse Committee The Ecumenical Officers Transforming Conversation Project Management Committee
The Rural Support Workerfs Management Committee The Regional Candidates, Committee The District Probationers, Committee Local Preachers The World Church Committee Rural Issues The Lay Employment Committee Methodist Women in Britain Joint working with the Regional Learning Network Variou5 Working Groups which worked on the possible merger with the Cornwall and Isles of Scilly Distrirt The responsibilities of the District Policy Committee i. to formulate and promote policies whlch 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 11, to encourage inter-circuit and ecumenical co-operation ill. to act in an executive capaclty 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 responsibilitles with any such development in mind vi. constantly to be aware of the public benefit guidance issued by the Charity Commission Recrultment and Trainlng of Trustees New Trustees are appointed from within the membership (ordained and layl of the Methodlst churches and Circuits of the District. I n 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 procedure5 are followed. Appointments are made by the District Synod following nomination by the District Policy Committee, after a recruitment process has taken place. During the year, 2022-2023, the District invited Revd Dr Daniel Haylett to be the District Chair for a further 5 years from September 2024.This was approved by the Methodist Conference in June 2023. The District Synod voted that for the year 2023-2024, Revd. Loraine Mellor would see as Jolnt Chair of District with Revd. Dr. Dan Haylett serving a5 Joint Chair of the Cornwall and Isles of Scilly District. Please see the Trustees list below.
Reference and Administrative Details The name of the Charlty Charlty registration number Principal Offlce South West Peninsula Methodist District 1134878 The District Office, The Mint Methodist Church, Fore Street, Exeter EX4 3AT Revd Dr Daniel Haylett Ms. Jane Allin Chalr of the Dlstrict Secretary of the Synod SecreLiry of the Presbyteral Synod Rev Paul Smith (Resigned 31/0812024 Rev Iris Bray (Appointed 01109120241 Mrs. Marianne Barrett Rogers Dlstrlct Treasurer Names of Trustees; The Trustees who senied during the perlod and to the date of thi5 report are: Rev Dr Daniel R Haylett Eleanor Jane Allin Marianne P Barrett Rogers Susan M Bolt (Reslgned 01/09120241 Rev Iris Bray {Appointed 01109120241 Rev Simon Clark (Appointed 01109120241 Margaret J Fogarty (Resigned 01109/2024) Rev Kevin P Hooke Sharon A Hurlow Rev Deborah Kirk Rev Simon H leigh (Resigned 01109120241 Mary L McNaughton (Resigned 0110912024) Rev David Mlller (Appointed 01109/2024) Roy G Mitchell (Resigned 01109120241 Rev Janet Park {Appointed 0110912024) Patrick Reynolds (Appointed 01/09/2024) Deacon Ruth Richey (Appointed 01/0912024) Rev Andrew Tvldamour (Resigned 01/09120241 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. 25 Klngs Hill Avenue Kings Hill West Malling Kent ME19 4JQ Central Finance 8oard of the Methodist Church 9 Bonhill Street London EC2A 4PE 10
Independent Examlner Ms Catherlne Willlams FCA DChA Westcotts {SWI LLLP Chartered Accountants, 47 Boutport street, Barnstaple, Devon EX31 ISQ Approval Thls report was approved by the TllteeS on the date below and Is signed on their behalf by: Revd Dr Danlel Haylett Dlstrict Chair Mrs Marlanne 8arrett Ro8ers District Treasurer li
South West Penlnsula Methodist Dlstrltt Re8lstered Charlty Number.. 1134878 Declarations I confirm that these accruals-based accounts for the year to 31 August 2024 have been prepared from the records of the District and that they include all funds under the control of the District Pollcv Committee. Slgnature of Treasurer Name of Treasurer Address Mrs Marlanne Barrett Rogers Lower 8uckland Lodge, Poundsgate, Newton Abbot TQ13 7NU Presentation to the Distrirt Pollcy Commlttee I confimi that the annual report and actounts forthe year ended 31 Au8USt 2024 we presented to the Distrlct Pollcy Committee on 22nd May 2025 Chalr of the meetln8 Name of the Chalr Revd. Danlel Haylett
Independent Examiner's Report 10 the trustees of South West Peninsula Methodist District I report to the trustees on my examination of the accounts of South West Peninsula Methodist District for the year ended 31 August 2024. Responsibilitles and basls of report As the charity trustees of South West Peninsula Methodist District you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the South West Peninsula Methodist District's accounts carried out under section 145 of the 2011 Act and in carrying OLJt my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independenl examlner's statement Since South West Peninsula Methodist District's gross income exceeded £250,000 your examiner must be a member of a ldY listed in section 145 of the 2011 Act. I confirm that I arn qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confimi that no material rnatters have come to my attention in connection with th8 exarnination giving me cause to believe that in any mat&rial rèspecl: accounting records were not kept in respect of South West Peninsula Methodist District as required by section 130 of the Act., or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requiremenls conceming the form and content of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other rnatters in connection with the examination to which attention should be drawn in this r8POrt in order to enable a proper understanding of the accounts to be reached. Catherine Williams FCA DChA Westcotts (SW) LLP 47 Boutport Street Barnstaple Devon EX31 1 SQ 13
HÉgl%t•rnd Ch•rlty 1mb&r 11wn South W88t Penirwk Ilethodlst Dbtrlct IFom8rly Pl0V1h & Exeter Methodist Disirictl •14mtrnt of FInwla1 A¢Jvltkns ISOFAI For tha yearended 31st Au9U5t 2024 Q•n•rnl Fur {UnNrIdI 11rf¢1 Fund R••lilci• Fund Towi Fun Incomo from: Dunalions aNJ 350 11.845 11,995 6.960 Charithbkn a1¥1191 Inv•sm8ni$ 10.459 39,848 754 50,861 25,882 Other Awssrnenis on CircuSlS 87.498 87, 75,(nO Frorn Circuii Vojel Trust Fund$ 303,09) 3,0 223.429 Conlritr¥jll to lh• cosl ol th• cth1 47,886 47.888 4S,723 conlriNJlic8 lo oiher 511 cos Grant5 Irorn connonI1 Funds 10,000 9.427 18,427 Other incLxne 3,000 522.734 3.000 Tol•l 341n7 10,350 20A26 379,994 Expendllur• Grants and Lnaiions 141,531 8.700 17.525 185,756 107.326 Salaries andassrKialad co815 113,386 15,862 38.857 168,105 15,076 132,374 Preperty OIIic8 exp$•# Synrs, m8ofing8 ard Cl•re Clher ouWngB TI4v818¥wenB•B OepFeci•¢Kin Ecumenicol e0n1rft1rt¥ 9,088 13,842 3.555 4,158 319 4,47T 7,454 7,454 13.9371 1,293 7.947 4,584 13,429 15,7&3 496 358 4,720 4,720 Tr4lnin9 And SupBfvision ProlS1onoI Ind Administrthiittn Iq•A 27,$07 1.425 Zg,592 oihaf C081S 9,316 183M71 7,097 2,707 Tot•1 Exp•ndllur• 142.956 39,15 62,ni 427.915 29IST2 Nel incom¢ll&xper¥Jliurel b•lor• galn$ ar40$$¢$ on inv•slrn8nis 1343501 199,n2 I41) 94,819 a1,4122 IGainÉllLos8es on Inv881monl asse N•1 Incomo1oxp•ndltur•l Tron8fer8 b•Nv8en lund8 430 430 ie891 80.n3 134,2501 199,782 P8.8001 141.4761 95,249 197,0001 72,Tr)0 25.(X)O Olh•i Gwns or k76888 Nei mov•m•nt In lund• 134.250) 102.782 43,194 95,249 R•conelllallon ol funds: Total fvjnds bmugThl lorward Total lunds carrled loThvard 7W,814 666.503 102,971 205,753 390.305 433,499 112.193 95.717 1.306283 1.4101A32 1,225,550 1,306,283 14
Reilsterud ChirityNu¥nbgr 1114878 Soulh Wesl Peninsula Meihodist Dlstrlct IFDrmedy Plymouth & ExÈter Meihodi51 DisliKII BALANCE SHEET AS AT 31 AUGUST 2024 Gen8ral Fund Unfe4trlclqd Dlstrl¢t DBslgnated Advance Fufid Fundo Unrqstrlct•d Unrextrlded Restli&d Fund• Not8B TOTAL 2023Q4 TOTAL 2022r23 1.607 1,431 Tanglble Flxed As5et• Manse 1.807 575,000 575.000 575,000 14.753 14,322 12 14,753 Inv8Stmint8 14.753 591,300 590.753 Total Amd A•••t• 57S,607 Current Asi•ts Dèblor5 Prèpaym•nts Central Finance Board a Trusle8$ lor MolhJdi51 Chuich Purpo8e$ 08posilS Cash al Bank aTrJ In hand 13 2S.880 969.030 433,499 80.964 934387 711.058 50,774 118,534 28,390 28.3 830.787 Yotal Currenl A14 105,044 169,030 433,499 80.984 9W537 Qurmni Llabllltl• CiedilOTS and Accruls (due In under l yearl Net Currenl A•g•ts 57,704 56,7Q7 14 IS.8 89,956 311,326 433,499 815,745 774,030 Total A98ats108a Current Ll•bMItI•• 311?26 433,499 95,717 1,$07,105 1,364,783 666,503 Long U•bllltl•• Grants payaNe Net *As•t8 58.500 14 105.573 105,$73 688.J63 205,753 433.499 95,717 1A01.532 1,306,283 Fund• ol lh• Ol¥irlet Gemral Fund 660,563 7C#J,8t4 666,563 205,753 102,971 rA8iiicI P1vae Fund 205,753 svJnal8d Funds 10 433,499 433.4199 390,305 433.499 1,305,815 1,194,OY) Tol•l unr•#tvith•d tund• 086,563 205.733 95.717 95,717 112,193 R9slricl8d Fund5 EndrneD1 Funts 15 95.717 1.401,532 1,306,283 Total Funds 068,513 205.753 433,499 15
Rgilsrer•d Charlty Nymbgr 1114878 South West Penlnsula Methodlst Dlstrlcl (Forrnerty Plyfflouth & Exeter Meth15* District) CASHFLOW STATEmEr AS AT 31 AUGUST 2024 For the year ended 31 Au8USt 1021 2024 95,249 2023 80,733 Cash qenerotedfrom operntlons Surplu5 Net adlustmentsto rash fFows from non•sh Ilefft, Investment revaluatlon Depreclatlon char8e 14311 496 95,314 695 358 81.786 WDrkJnB£apltal adlustments Decreasellincreasel in debtors In¢rea5elldecreasel in credltor5 Net Cash IIow5 frorn operatln8 acti¥ltie5 Cosh qenerotedfrom investino Purchase of tanglble fixed assers Net ¢ash flow5 from Inve5tin8 a¢tlvities 124,7031 63,128 133,739 11.1771 28,302 108,911 16721 16721 11,7891 11.7891 Net 5ncrease/ldecreasel In tash and cash equivalents 133,067 107,122 Cash and cash equlvalent5 at l Aprll Cash and cash èquivalent5 at 31 March 829,590 962,657 722.468 829.590 16
Registered Charity Number.. 1134878 South Wesl Peninsula Methodist District NOTES TO THE ACCOUNTS 1 Accounting framework and accounting policies i Accounllng framework Thg financial slalgmenls hav8 been prepared under the Chadiles Act 2011 In a¢cordarKe wllh the Charitie5 SOFIP IFRS1021120191 and in accordance wllh th8 'irue and lair override. provision contained therein. 11 Public bfrnoflt entlty The Souih West Paninsula Methodist Dislriol meets lh8 delinllion ol a publlc benefit entSly under FRS 102. As80t8 and liabilities arg initially recognised al hi81orical co$1 or twns&lion vaiue unless otherwise slated in th9 relgvanl aecounllng policy notelsl below. 111 B8818 Thgsg accounts have bg&n prepared on the basls ol historlcal ¢ost ¢X¢¢Pl that invgsimonis are Shown al their mark81 valu8 al the end ol thè year, on the accruals basis lo show a true and fair vmw ol the DSslricl's financlal posltion and actNllies. Iv Contenl The Ilnancial information presènted Is relevant. reliable. mparable and complete. Where esllmate8 8re used these are based on eXrIenCe, research and judgement. The accounts are expressed in £Slerling, rounded lo thè nearest wund. v Oolng concom 8as8d on th8 monetary assets and human r8source8 avallable al 31 August 2024, the trustees belleve that thè Dlsrrlcl18 a golng concern. Despite the COVID pandgmlc the Circuits hav& managed lo meet the alloca18d assessmanls and early indlcallons sugg081 that the 5arne will be true in the com5ng year. vl Consolldatlon The Distrlcl oversees the wotk ol mlnlslers and lay workers in ChUrCS and Circuit5 within the District does not have control over those Circuits or Churches, mlnislers or lay workers except In extreme circumstances, none ol whlch wera applicable. For thSs reason, the Ilnancial $lalgmenls ol the Churches and Clrcults wSihin Ihg DlslrScl arè not consolidated Into ttt8sé linan¢ial 51alemenls. vll Income rKognltlon Income Is brought Into account when11 Is more Ilkely than not that thg economlc bangllt ol the Incoma w511 accrue lo the South w8St Penlnsula Methodist District. No allempl 58 made lo measure the value o18ervice8 donated by voluntg8rs. Delails ol how the contribution to thg cost ol the Dlslrlct Chair has been delermSned appears In Noie S. A $imilar figure appear5 Sn the ExndItUre al Note 8. Indwidual amount5 categorlsgd as Other income in the SOFA wlll be 8hown 8eparalely11 they are con8idered alerlal. The Dlslrlct ac18 a8 ag&nl in Iwr matters: 1. the collection ol quarterfy assessments from ciicuils whh are pald to the Melhodlsl Church Fund 2. the payment of exn888 of delegates from the Distr1 to thè Melhodlsi Conlgrenca 3. the colleclion taken al Ihe spring synod on behalf ol the Melhodisl Mlnsters, Chlldren's Relief Fund 4. the cosi ol ministerlal he8lih checks recovered from Circults In all these mallers the transactions are not reflected in the SOFA becausè Ihere Is no obligallon on the District lo ak8 up any shortfall assessmerns from Clrcults. Sums received as Circuit assessrnenls cannot be r8cognised as Income In the Dlslrlcl as they are the InMe ol th& MCF. In accordance with the CharS1ies SORP IFRS1021120191, the Ilme of volunteers 18 not recognised.
Registered Charity Number.. 1134878 vlll Expgndituro Thls Is r8cognised whon a liability is Incurr&J, or a con81ru¢tlv8 Obl810 arises, that r8suIts in the payment teing unavoidable. Liabilitles are recognised as soon as an OLrtflow ol economic nlIt Is consKl8red moro likely than not under the IwJal or conslructNe obligation commiivng the District lo pay out resources. Ix Grants Grants are recognised in full when the award Is made orte the Dlstrlcl accepts that there is a legd (¥ constructive obligation lo make the payment and that such payment Is probable. Where il becomos clear that a payment is possiile, )1 probable, Ihen a liatslity lor the commitment is not r¢¢c>Jnlsed and the funding commitment is disclosed as a conlingenl liablllly. XVAT Since thè District is not VAT registered. all inkxjt VAT is charged with lh8 expenses lo which r( refers. xl Tanglbl• flxed •¥¥•18 Th8sa are capitalised11 they can be used for morg than on8 ygar, and indiwdually cost al l&asl £1,0(X). The Ire8hold prop&rty is shown in the aCnIs ai 2015 deemed value, ol whlch the land component is deemed 10 b8 £275,000. No depreclalion is provided on the bullding because the Iruslees consid8r the current residual lair value ol the manse bL¢ildings lon the assumpiSon that It had reached tha &nd ol ils useful economic life by the year-andl lo be not less than Its curTent valu¢. Any d8precSaiion would not te malerlal. The property has téen revlewed lor ImpaSrm8nl. xll Inve•lm•nt• Th8 Invostments ol the South W881 Penlnsula Melhc(Ilsl Dlslrlct 8r8 hgld by the Trusteès lor Method181 Church Purpos&s (TMCPI as cuslodian Iru5198s. The valuations, al market va5ue, 8re those provided by TMCP. The unreallsed gains arlsing on inveslrn&nls ai the and ol the year are shown In the SOFA in Note 12. below. xlll Debloi8 and credltor•; bank •nd rA8h Debtors a slated ai the amounts owed lo th8 Dlstrlci or prepaid. Creditors are Inliially recognised ai sèlllèmenl amount after any trade dlscounls, where normal credil terms apply. or amount advanced to the Dislrlcl. Subsequently cr8dllor5 Ihal are current liabilities are m8asured al th8 cash or other conslderalion expected lo be pald. The Ilquid lund8 01 bank balanc88 and deposll account balances are Shown ai th8 rèallsable valu88. xlv Loans Where concesslDnary loans li.e., free of inleresii are made lo lor reeelved by) the Dlslrfcl lo bjrther ils charitable purposes, and are repayable after more than one year, they are Inlllally recognised al Ihe amount paid lor received), wlth the carrylng value adjus18d In subsequent years to ref18¢t repayments and any accrued Inlgresl, adjusted lor any Impalrmonl.11 necessary. x¥ Methodl•t Church Fund Th8 Dlstrlct acts as agent lor the Methodi51 Church Fund IMCF) by collectSng Ils assessmgnts on Clreuits and doe8 not, Iherelore, includo the assessm&nis In the SOFA. 11 a Circuit is late in paylng its MCF assessment to the District but such sum is received before the quarterly transfor lo the MCF, the amount pald late wlll be shown as debtor in the Oistricl's accounts. xvll Mlnlgters. manse costs The Dislricl is re(pJlred lo provide COMmodation for our ministerial Chair and his I her family. The Dislricl bears the cost ol repairs, maintenance, bullding insurance. Council Tax and walar charges. These costs are not shown separately as benellts-ln-klnd lor Minisl8rs as HMRC does not seek lo lax these recelpts in ihe hands ol Ihe MSnlslers. 2 Comparative Figures The financial slalem8nls on pages 16-17 only show the total comparative ligur8s lor 20¥3. To enable better understanding ol the Dlstrlct's finar[aL reporting the Slalemenl ol Flnanclal AciSvlty and Balanc8 sh881 lor 2023 have been r8pro¢uced, in lull below.
Registered Charity Number.. 1134878 Plymouth & Exeier Methodlsi Distrlct Statement of Financial Activllles (SOFA) For the year ended 31st Augu$l 2023 Fund DhlnEtAthar• FuqdlUnrEXtrktrd} To IR2 Fund• nr¢) (Reytrirtqdl 202W23 Incom? Irom: cnaOn$3d 9aCS Charftableaclmtles 1.099 449 5,412 6,960 27,611 knvthien 6.258 18.744 881 25,e82 3,415 Oth As50$8rn8nts on Circuils 75,000 75.000 95,237 243,664 Frw Cwcurt MoJ8lTrustFuThls 223.429 223,429 ContriL0Th to Ihe c¢¥1 ol IhèCh4r conl11tln9lo Dlhw staff c0518 4S.723 45.723 42.740 Granls ITDfft Connexbn81 Funds Other itomg 3,000 3.000 3.034 415,701 Total 131,08D 242,1n 93 379,195 Expendllure Grants and donaibns 7.122 77,OD) 17,000 6,204 107,326 60,712 SaL9ro5 assoctj C¢1 102.072 30,302 132.374 179,852 20,513 S,744 Propsrty 7,427 3.555 6.215 13,642 3,555 Synods. nw8llngs con1weA Clhei ouityjlngs Tiavdéxrenses 13.93n 13,93n 230 6,468 230 8,182 7,570 15,753 10,350 08PiKkgt)n Ecumefjtil conlithhons 358 358 4,556 4.$56 4,056 Tiahino and Suporyishy Pfol0$9bnal ind AdfflVNslrDnfe8s 13,694 1,327 7,133 22,008 19.977 ¢Jfftercost3 1,380 52M20 2.707 7.360 Total Exyndlture 144J57 78,101 23213 31532 N81 irKoMelle8ndIlureI bgbrogaiis and bs895 on w)¥eaTrthis 113,2Tr1 163PV2 122,7661 81N22 1Wffj69 (G"n9)lLo$se$0n n¥851ml asseLs Nel Income {expendllurel Tianslers b8h¥8en tunds 16e81 147215) 16891 11,6621 B9W7 113,2781 12,7001 163,992 122,7661 80.n3 10 186,2S)I 59.500 29.450 Clherfjains or kns Net movement in lunds 115,978) 77,742 117,7651 80,n3 9D,007 Reconclllation ol lundg: Totallunds brougknt for4¥ard Totsl lunds carried forward 716,792 T014 25,229 353.571 129.957 112,193 1.225.550 1.126,543 1,225.560 101971 390,305 1,206983
Registered Charity Number.. 1134878 Plymouth & Exeler Methodlst District BALANCE SHEET AS AT 31 AUGUST 20Z3 Genefal Fund UnM•trirt•d D15tTiCt AdvaneèFund Unrn•trl¢t•d 001gnatod Ratrf¢t•d Funds Fund5 UThr•slrtGtsd R¥trltt•d TOTAL 201112J TOTAL 312112: T•Nglbl• Plwj Ai 1A31 616,111 57¢ 0)0 14 372 14112 al Flxed A88Oti 07&4J1 14.322 890.751 59C.01e nl A55Jts Debicr% arc Prepa¥5 Cenirj Fr¢rt¢e Truslees'or CPLr-I PurFcges ?3>1$ Cash at Eark yis li hond 21.909 390 711.DJS 114,534 Trtal Curert Asstt6 141,619 0,171 390.301 130.711 72£.458 rTrnl Uatllloes Cietilcr> anc Ac-'ua15 17.237 . 500 8C 93) Ilet Cwrent Assets 181,471 390.aD6 n4.130 601.i33 TL*al A88et8 Currert Uabllllles 7DI014 111.471 111,192 L(mgiemi Llrknlltle¥ O'Jiit&p4yebl? B.DDO M• 20 COC NetAs8011 701814 102.971 3YQ.3D6 1.3D8.213 Ihe 018¢rtLt G•)e'a Fund 700.8. 700,114 71e T32 D4¢1 Advanco-und 1029'.1 $ynated FLnds 19C 305 J91J.305 Trtsi urrnkn¢t•d funth 7DQlld 102.971 3•0.3fy1 1,IP40•0 1 09£.6J2 Restriitd FLrds 15 Endfjbvrent Fund5 Tal Pd8 101971 291,301 112.193 3 Assessments on Clrcuits The assessment on each Circuit is annually del8rmined by the Dislrlct. This includes the amount each Circuit in due to pay to the MCF and is calculated by referee lo the number ol staff In the Circuils and the number of Church members but may also take Into aCcu1 a Circuit's abllity to Fay. The District 15 m&Je up ol th9 lollL1r@ Circuits-. Circuit Name Circuit No Circuit Name Cfjrcuit No
Registered Charity Number: 1134878 Plymouth and Devonport Plymouth Methodist Mission Exeter. Coast and Country Tavistock Torbay South Devon Bude and Holsworthy Taunton Deane and South Sedgemoor 24101 riverton and Wellington South Petherton and Crewkerne Ilfracombe and Barnstaple South Molton and Rin8sash 24108 Torridge 24110 West Oevon 24111 West Somerset Rlngsash 24115 Teignbridge 24116 24102 24118 24103 24120 24107 24122 24123 24124 24125 24127 24128 4 Conlrlbulion lo Methodi81 Church Fund (MCF) In addition lo the assessments on the Circults lo fund the costs of running the Olstrlet, the Dlstricl acted as agent lor the Melhodisi Church Fund which levied assessments on the Clrcuils in this District totalllng £510,192120Z2123: £468.0661 all ol whlch were collected or shown as debtors al th8 end ol the y8ar and paid over lo the MCF In the year. No balance was held al the end ol the year., no lee is received lor Ihls service which is performed al n8arfy nil cosl to the 0Sslricl. The88 sums collecied lor and remllled to th& MCF do noi appgar el$&wherg In thes8 lInala1 stalem&nts. 5 Cost of Chalr and Trustees The Ghalr ol District chairs meetings ol the Dlsirfcl Pollcy Commlll8e IDPCI. The rn8mbers ol th8 DPC are lh8 trustees ol the Dlslrlcl. The 8llpend, employer's NIC and ernployer's penslon conlrlbullons ol the Chalr ol Di81rlcl are pald ty tha Melh¢xllsl Connexlon. The Chalr's other ¢0818 are mel by the Dlstrlct. 2023124 2022123 SIIp8nd to Chair Employer's National Insurance ContribulSon Apprenilceshlp levy Employer's ponslon contribuilon Idèflned bonelit 8chemel Cash c081 pald by the Conn8xlon1$68, SOFA, linè 71 Nollonal esllmate ol cost ol provlding Manso Chalrfs expenses Total cost 36300 34838 3481 163 3754 182 7812 -47866 7244 .45723 21000 21000 7132 5194 28314 26195 Since the slipend-relaled costs above of £47.866 12022123 £45,723) are Ixsrne by the Connexion, Ihey appear both In the Income of the Dlstrlcl and the Expenditure ol the District IS8e Note 81. The Ghair ol Dlslrlcl 1$ the $019 pald kgy manag8ment person bul15 SUPPOrtgd by members ol the DPC. 11 should be noted that the chair is requlred to (Kcupy the Dlslricl manse. Thg manse Is provlded by the Plymouth & Ex8ler Melhodisi Dlslricl and the Dislrlcl maSntain8 the property. The sum of £21.OCKJ was determined by enqulry ol a loeal property Surveyor In 2017118. The trustees lo not consider that th18 has changed materially slnce 201718 and so remalns unchanged this y8ar. This ligure does not appear e188where in these accounts. No accrual is made for the Chair's enlillem8nt lo a sabbatical as his I her functions are undertaken lointly by the Deputy Chalrs al minimal extra c05t lo the District, Paymenl to Trustees 11 is Oisiricl FX)licy lo offer lo reimburse members ol the District Policy Committee IDPCI and others involved In the admiTrislralion ot Dislricl affairs lor 8xpenditur8 properly Incurred in carrySng out their dulles. The Chair ol ihe District undertakes the primary executlve role within the Disirlct. Apart from th8 Chair, no-one on the DPC was in receipt ol any payment lor work undertaken on behalf ol the Olslri¢l. although certain travelling and adminlstration cosis were reimbursed whenevar this was requgsted.
Registered Charity Number.. 1134878 Most trust9es a not employees of rhe Dlsirlcl. Expens88 hav8 b88n r8lmbursed to 313 in 20231221 vdLrnteer Irusleelsl (members ol the DPCI who, in aggregate, havg raceived the following.. 2023124 2022123 Travel on DSstrlct buslness AdmlnislTatlon and other re-imbursed expenses 1805 473 530 470 2335 943 The following expens88 were paid io the Dlslrict ChaSrman, and 2 other trusl88s who were also District employees: Travel and hospliality on District business Admlnlsiration arKI other re-imbursed co818 3358 3188 2256 7132 9467 5194 11001 Total exp8n8es pald lo truslee8 Total number ol Irusleeg paid 8XFonses 6 Other Income The District does nol currently undertake any furKJralslng. Th8 'Olher Income" shown on the SOFA rdales lo the use ol part ol the dlslrbct office by another local charlly. 7 Grants, donaiions and related Support costs Grants and donations totallin8 £107,326 were made during the year12021122: £60,7121 a5 shown In the table below. 2023124 2022123 Unr8siricted'. From DMTF To Church proj8CIS Ta Circuit projects Returned unusod from projects To Circuits lor prol8cls wllh other partners To Church projects 12122 141531 77000 Other Sub total 6700 148231 101122 Restricted: Frorn Cullack Appeal Fund From Emergency Fu1 I From Training Fund Sub total To Church ol North India To individuals To individuals 11075 3300 3150 17525 2200 2500 6204 Tot•1 165756 107326 In addStion, funds wère made avallable from the OAF lo support District projects and funds as follows-. Unroslricled Mission suptort - New Places for New People - TranslomlThJ conversailon 97000 50000 25000 Total 97000 75000 22
Registered Charity Number: 1134878 The Grants Committee is awaro that Grant applrcations must demonsirale public benefit. The SUPPOrt costs lor granl-maklng io ihird parties are not significant and so are not separalety d18closed. 8 Salaries and associated costs The salaries and associated costs paid to our chair. two other lull lime and three part lime employees over he last two years were as follows.. 2023124 104688 1532 13489 2022123 75738 Gross pay Employerfs pension eontrlbulion lo delingd conlriburlon scheme Employerfs National Insurance contribution Apprenticeshlp lavy 4511 6002 530 120239 86651 C05t ol Chalr (see Note 41 47866 45723 Tolal 8t8fl co¥ls 168105 132374 Averaoe weekly contractual hours ol Staff rneTnbers 165 Most ordained minlslers are member5 01 the Meihixllsl Minlslers Penslon Scheme IMMPSI which is a deflned benallt schem&. Tha Supreme Court held in 2014 thai Mèthodlst minlslers are not employees of th8 church. However, lor simplicity. when deallng wilh National Insuranc& Contributions and pension contributlon5 the terms "employer. and employee are used as they would be 51 th8 church were an employing body. The Connexion accounts tor the MMPS penslon scheme and shows these 1Sgvras in their annual Ilnancial 8taiemenls. This schgme Is currently in dellcll bul a plan lo correct Ihls is in plac8 and is belng implem8nled. Dglails ol the sch8m8 can be found in Ihg Gonsolidatèd Annu81 Report and Acco(tniS ol rhe Methodlsl Church of Gr&al Brltain. Other District employees have the oplion lo join our lay employee scheme admlnistered through the Penslons Trust. Thls Is a defined conlrlbutlon scheme lo whlch both th8 8mploy8e and 0Sslfici conlribul8. 9 Fees for Inde ndent Examination of the accounts 2023124 2022123 Independent Examiners lees lor reporting on the accounts Other188s paid lo Ihg Indep&ThJ8nl Examinar Total amount pald 10000 960 10000 750 10 Transfer between funds The following IransleTS werg made toll from) the District Designated Funds durSng the year lo 31 August 2024- Manse Mission supwrt Transforming Youth fund Conversations Training Total From G8neral Funds From I l Tol DAF Total transferred 97000 97000 97000 97000 The equwalenl afflounts in the prevlous year lo August 2022 were,. ZS
Registered Chority Number: 1134878 MarBe New Places lor Trar6formiro Youth Con4BrsatKJrnq w people Trairing Total Frorn General Funds 7500 2000 4450 13950 75000 88950 From I l Tol DAF 50000 50000 250 25C()O Total transferred 7500 2000 11 Tanglble Flxed Assets Mans9 Other land Fixture8, fittings & Duiiaings & ewipfftent 7yrSL 5yrSL Total Cost or deerned value As al 0110912022 575000 98064 7779 680843 AdditlonsllDisposalsl A$ al 3110812023 672 672 681515 575000 98064 8451 Accumulated depreclatlon As al 0110912022 98064 8348 104412 proded/(wrIttèn back) A¥ •13110812023 496 6844 496 98064 104908 Net Book Value As al 3110812023 575000 1607 576607 As al 3110812022 575000 1431 576431 The Manse was rgvalued on 31 August 2015 to fair market value and this is ihe d&&m8d value included in these accounts. Prfor lo IhS8 the Manse was valued al £373,811 whSch was li's insurancg value as al 31 August 2015. The land componeni Included within the curr8nl deemed Manse value is £275,000. 12 Investment Assets Thg lollowlng investments are held in the Trustees for Melhoclisl Purp0888 ITMCPI CFB Manag8d Fixed Iniera8t Fund and th? Truslees Inleresl Fund. These colleelive inve$tmenls wgr& revalued on 31 Auousl 2024 Unlts 2023124 2022123 Tru$te8$ Inieresl Fund 5501 5501 CFB Man8g8d Fixed Inlerèsi Fund 5251 9252 8821 Total 14753 14322 Income earned on Invgstmenls lor th8 year 326 326 Change in Ihe carrylng value of Inveslmenlg: 2023124 2022123 Carrying value brought forword Addliionsl disposals and incom& l•ss expenditure UnrealSsed nel Ilo&sl galn on revaluallon Carrying value carried lorward al 31 August 2019 14322 15010 431 -688 14753 143¥2 13 Deblors and Ments 2*
Registered Charity Number: 1134878 D9btors wora rnada up as follows- Assessments from Circults Other d8btOTS and prepayments Total Inetl 2023124 2022123 19119 6761 1177 25880 1177 14 Credltors and accrued ex nses Amounts du8 In loss than 12 months Accru&Y Expenses Grants payable to third partles Other Creditors 202312024 202212023 15088 17237 57704 39500 72792 56737 Amount8 due In moro than 12 month8 Grants payable lo Ihlrd partles 105573 58500 15 Funds In detall Openlng Bal•nc• Incomlng Re8ource8 Roioiirc Exp•nd•d Tran¥l•r8 & •dl8 Closlng Bol•nc• De8lgnated Funds M8nse Fund RunnSng costs, rnalntananco and rèpair ol the District Mans8 12009 350 -6988 5371 Rural Chaplalncy Fund To Fu1 the rural chaplaSncy co. ordinator project 5CQOO -25000 250) Cuttack Fund To lacllilale th8 Cuttack Dlocgse partnership 11000 110C Youth Fund Ongolng support ol youth work and young peop18 in mlnislry Crnnbrook Proiect To support the local e¢umeni¢al 4554 .2293 2261 24000 24000 Seed Corn Prolect To support post Covid initialiv88 10250 .5700 4550 New Places for New People To lacilitale bringing the Gospel of Ghrisl to as many P8CDle as 150000 10000 .5132 154868 Transfomiing Conversatlon A modern form of the ancient Iradition of spiritual conversation which aims lo encourage conversations about things that matter 128492 -19043 109449 Mission Support Fund 25
Registered Charity Number: 1134878 To provide salaries loi staff supporting mission in the district 97000 970C(I Total Deslgnatad Funds 390305 10350 .39156 T2000 433499 Restrlcted Funds Transfomilng Conversatlon A modern lorm ol Ihe an¢ionl Iradilion ol spiritual conversation which aims to encourage convgrsalions about things that matter 6266 30 -6296 Cuttack Fund (restrlcted) To facililale the Cullad< Diocese partngrshlp 1828 -675 .23 1130 Cuttack Ap1 TO 5UPPOrt work ol Cuttack DIocg80 InclLtdlng the Chrl81ian Hospital al 7110 3570 -10704 23 Emergency Fund No I Benevolent fund lor the bènèllt ol mlnlsloTS and others In ne8d 9791 932 -3960 6763 Emergency Fund No 2 Support of the wldow of Rev I Thompson. Income transferred lo EF No1 (see also note 121 14322 430 14752 Extending Dlsclpleshlpi Explorlng Vocatlon (EDEV) To lund indivldual exploration ol vocation and discbpleshlp trainlro ol lay people 13232 13232 Mlnisterlal Training Fund To fund training and ongoing development ol ordained mini818rs 11253 -3150 8103 Rural Chaplalncy Fund Rural chaplaincy project 48391 7866 -37946 25000 43311 Methodlst Actlon on Poverty ZG
Registered Charity Number.. 1134878 To facililale projects In area5 of Special need 8427 8427 Total Restrlcied Funds 112193 20825 -62731 25430 95n7 16Ca ital commltments and conlln ent liabilities There were no capital comrnllments or contingènt liabilllies al the end of the year lo 31 August 2024 . Is0 none at the end ol the previous yearl. 17 Connected or anlsations and related partles All ol th& Disiricl truste8s arg members ol b)Ih a Mgihodisl church and Circuit withln the D181rfcl and may be Iru51Bes in those organisalions, Connected organisations include the Methodlsl Conn&xlon, CSrculls and churches wlthln the Di$lriGI, other Methodlst DSslricls within the Unlled Kingdom, CFB, and TMCP. All of these enlilies have Ihglr own Iru8168s or directors and auionomous administrailon such Ihal the South Wesl Penlnsula Melhodl81 District has no significant inlluencg over them, nor Ihgy over the South wesl P8nlnsula Meihodisl District. They are Iherglore not considered relaied panl8S. Th8r& wera no relalod party Iransacllons other than thoese dlsclos8d in nolg 4. 18 Volunteer Contrlbutions Every &nlily within the Mgthodist Church in the Uniied Klngdom is heavily reliant on volunteers who corrtrlbule Ihglr Skills. lime and money In the furtherance ol the work ol Ihg church. In Ihe Dlslrlcl Ihls conlriburlon is principally serving Dn committeès Ihal deal with misslon, manses, Ilnance, policy, property, grants, trainlng. dlscernmenl and development. Wg are gralelul to all our volunteers lor their help arKI commilrngnl. 19 Post Balance Sheei events The trustees ol the Dislrlcl are aware that church attondancg, having been reduced by the pandemSc Is, slowly Increasing. This has had an impact on the Income ol churches and Clrculls who linanclally support this charity. Currenily there are no Indlcaiions from Circuits Ihal ihe assessm8nls, which support the general aclivitlès ol th& district. will not be m81 In lull lo rhe end 012023124. The dlslrScl also hold5 surri¢K9nl designated funds lo support their project workers for at leasl 12 rnonihs and sufficienl reserves lo fund the general expenditure lor al least Six months. The trustees will be keeping Ihls under revlew. as will all th8 churches. Circuits and other entities that make up the Melhodlsl Connexion. A resolution was presenloy lo Ihe 2024 Melhodisl Conference that ihe merger of Ihe Dlstrfcl with the Comwall and Isles ol Scilly District should be approved lo lake place with effect from the connexional year commencirKJ 1st September 2024. The two Districts came logeiher on 1st SeptemÈeT 2024 under the new name ot South Wesl Peninsula Melhodlsi Dlstrlct. As lar as the Irus18es are aware no adluslmenis Sn r8spe¢l ot this 8venl need to b8 2Tr