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 C￿UlL 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 se￿e 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 Tll￿teeS 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 l￿dY 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 1￿mb&r 11wn
South W88t Penirwk Ilethodlst Dbtrlct
IFom8rly Pl￿￿0V1h & Exeter Methodist Disirictl
•14mtrnt of FInw￿la1 A¢Jvltkns ISOFAI
For tha yearended 31st Au9U5t 2024
Q•n•rnl
Fur
{UnN￿rI￿dI
11rf¢1
Fund
R••lilci•
Fund
Towi
Fun
Incomo from:
Dunalions aNJ
350
11.845
11,995
6.960
Charithbkn a￿1¥11￿91
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• cth￿1
47,886
47.888
4S,723
conlriNJlic￿8 lo oiher 5*11 cos
Grant5 Irorn conn￿onI1 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 L*naiions
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￿$•#
Synr￿s, m8ofing8 ard C￿l•re￿
Clher ouWngB
TI4v818¥wenB•B
OepFeci•¢Kin
Ecumenicol e0n1rft￿1￿rt¥
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
Prol￿S1onoI Ind Administrthiittn Iq•A
27,$07
1.425
Zg,592
oihaf C081S
9,316
183M71
7,097
2,707
Tot•1 Exp•ndllur•
142.956
39,15
62,ni
427.915
29IST2
Nel incom¢ll&xper¥Jliurel b•lor• galn$
ar￿40$$¢$ 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 A￿14
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 P1va￿e 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
End￿rneD1 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 Meth￿15* District)
CASHFLOW STATEmE￿r
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 eX￿rIenCe, 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 ChUrC￿S 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 Ex￿ndItUre 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 wh￿h are pald to the Melhodlsl Church Fund
2. the payment of ex￿n888 of delegates from the Distr￿1 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 In￿Me 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 Obl￿81￿0￿ arises, that r8suIts in the payment teing
unavoidable. Liabilitles are recognised as soon as an OLrtflow ol economic ￿n￿lIt 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 aC￿￿nIs 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:
c￿na￿On$3￿d ￿9aC*S
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
ContriL￿￿0Th to Ihe c¢¥1 ol IhèCh4r
conl11t￿l￿n9lo 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 assoc￿t￿j 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 con1we￿A
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$9bnal ind AdfflVNslr￿Dnfe8s
13,694
1,327
7,133
22,008
19.977
¢Jfftercost3
1,380
52M20
2.707
7.360
Total Exyndlture
144J57
78,101
23213
315￿32
N81 irKoMelle￿8ndIlureI bgbrogaiis
and bs895 on w)¥eaTrthis
113,2Tr1
163PV2
122,7661
81N22
1Wffj69
(G￿"n9)lLo$se$0n n¥851m￿l 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
T￿014
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
D￿4¢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
T￿al P￿d8
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 refere￿e lo the number ol staff In the Circuils and the number of
Church members but may also take Into aCc￿u￿1 a Circuit's abllity to Fay.
The District 15 m&Je up ol th9 lollL￿1r@ 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 lIna￿la1
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 Fu￿1 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
25￿0
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
pro￿ded/(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 Fu￿1 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 Ap￿1
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 . I￿s0 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