2022-08-31-accounts

	SECTION A I	SECTION A I	Unrestricted Restricted Funds Funds	Unrestricted Restricted Funds Funds	Unrestricted Restricted Funds Funds	Unrestricted Restricted Funds Funds	Totalsthis year £ 19,518 378 5,526 21,919	Totalsthis year £ 19,518 378 5,526 21,919	Totalsthis year £ 19,518 378 5,526 21,919
					£	£	£		£
a1	RECEIPTS			Note
a2	Offerings and Tax recovered				19,518		19,518		18,472
a3	Bank and CFB interest and Investment income				378		378		276
a4	Lettings				5,526		5,526		2,718
a5	Other receipts				21,919		21,919		12,812
a6	TOTAL RECEIPTS				47,341		47,341	(a7) ~~I~~	34,278
	SECTION B I						28,025 2,106 9,578 4,556 6,344
b1	PAYMENTS
b2	Circuit Assessment or Share				28,025		28,025		22,020
b3	Donations				2,106		2,106		3,744
b4	Repairs and Maintenance				9,578		9,578		12,850
b5	Utilities (Insurances, water charqes,heatinq &liqhtinq)				4,556		4,556		5,222
b6							6,344
b7	Otherpayments				6,344				3,524
b8	TOTAL PAYMENTS				50,609		50,609	(b9) ~~I~~	47,359
	SECTION C						(3,268)1
			(a6-b8 (3,268)
c2	Total funds brought forward from last year		92,877				92,877 (c6)
IC31subtotal
IC41Transfers and adjustments			I
IC51TOTAL FUNDS AT ENDOFYEAR

IC5	1TOTAL FUNDS AT ENDOFYEAR (c3+c4) 89,6091 ~~II~~ 89,6091(c8) I	1TOTAL FUNDS AT ENDOFYEAR (c3+c4) 89,6091 ~~II~~ 89,6091(c8) I	I 92,8771
	SECTION D I
d	FOR INFORMATION ONLY: MONEY RECEIVED AND PASSEDONTO EXTERNAL ORGANISATIONS (theseamountsarenottobeincludedin totalreceipts/paymentsfiguresabove) £ Balance brought forward from lastyear Offerings/Gifts - received for external organisations Offerings/Gifts - passedtoexternal organisations BALANCE STILL TO BE PAID (d1+d2-d3)		£
d1	Balance brought forward from lastyear
d2	Offerings/Gifts - received for external organisations
d3	Offerings/Gifts - passedtoexternal organisations
d4	BALANCE STILL TO BE PAID (d1+d2-d3)

	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL	Welshpool Methodist Church SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTINGTOTHE CHURCH COUNCIL
	SECTION E Jpleasefollowthe Guidance Notestocoml1letethisl1age Summary of the Church accounts for the year ended31August 2022andInternal Organisations reportingtothe Church Council/Church Meeting . Note that the funds of anInternal Organisation would normally be Restricted funds unlessitcould be clearly shown that they could be used for any Methodist purpose. This section must be completedtoarrive at the gross income and expenditure totals of the Church.Ifgross income exceedstheAccruals threshold, then the Accruals methodofaccounting AND A DIFFERENT FORM must be usedtoreport the accounts (see Methodist website). Please refertothe guidance notes regarding transfers between the District and connected District Oraanisations.
	Summary of the Church accounts for the year ended31August 2022andInternal Organisations reportingtothe Church Council/Church Meeting . Note that the funds of anInternal Organisation would normally be Restricted funds unlessitcould be clearly shown that they could be used for any Methodist purpose. This section must be completedtoarrive at the gross income and expenditure totals of the Church.Ifgross income exceedstheAccruals threshold, then the Accruals methodofaccounting AND A DIFFERENT FORM must be usedtoreport the accounts (see Methodist website). Please refertothe guidance notes regarding transfers between the District and connected District Oraanisations.
	INTERNAL ORGANISATIONS	Receipts			Payments	Net Receipts/ Payments (3,268) (3,268)	Adjustments			Opening balances		Closingbalances
eJ
e2
e3
e4
e5
e6
e7
e8	Sub total of Internal Organisations funds										(e111		(e12)
e9	Churchaccounts(totals broughtforwardfrompage 2 -totalscolumn)	47,341	(a7)		50,609	(3,268)			(c7)	92,877	(c6)	89,609	(c8)
eJO	IUIAL(;A~Ht"UNU~Ht:LU BYCHURCH	47,341			50,609	(3,268)				92,877	(x)	89,609	(y)
	Continueona separate sheet if necessary and bring the totals forward
	ISECTION F						OPENING BALANCES					CLOSING BALANCES
fI	Cashinhand
f2	Bank Current Account						12,725					11,784
f3	Bank Deposit Account
f4	Central Finance Board						8,975					9,153
f5	Trustees for Methodist Church Purposes						71,178					68,672
f6	Other funds
f7	SUB TOTAL - Churchaccounts						92,877		(c6)			89,609	(c8)
f8	Total funds heldbyInternal Organisations (the closing balance total from above) (e12)								(e11)				(e12)
f9							92,877 (x)					89,609 (y)
	ISECTION G OTHER ASSETSandLIABILITIES Investments (include Endowments) Land&Buildings(see notesreInsurance value) Other Assets Loan(s) - show amount outstandingatyearend Other Liabilities						At 1 September2021 2,495,230 77,577					At 31August 2022 2,767,179 86,032
IgJ	Investments (include Endowments)
							2,495,230					2,767,179
Ig2	Land&Buildings(see notesreInsurance value)
Ig3	Other Assets						77,577					86,032
g4	Loan(s) - show amount outstandingatyearend
g5	Other Liabilities

WELSHPOOL & BRO HAFREN METHODIST CIRCUIT CHARITY NUMBER: 1135581

Charitable objects:

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

• the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist church;

• any charitable purpose for the time being of any connexional, district, circuit, local or other organisation of the Methodist Church;

• any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church;

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

Structure:

Welshpool & Bro Hafren Methodist Circuit is in the Upper Severn Valley in Mid Wales. It is a Circuit within the Wales Synod. There were 6 chapels in the Circuit: Cefn (Trewern), Welshpool, Pentre Llifior, Newtown, Caersws, and Trefeglwys. The Circuit has three manses: two in Welshpool, one in Newtown. There is one ministers active in the Circuit plus four supernumerary, retired, ministers. The managing trustees meet regularly during the year in Circuit Meetings and Finance and General Purposes Meetings. A small Circuit Leadership Team is elected annually to oversee the day to day running of the Circuit. The trustees are the active ministers plus representatives from the chapels, appointed annually by members of the chapels.

Activities:

The Circuit has been involved in worship, prayer and bible studies, available to all. Chapels have been used for funerals, weddings and baptisms. Other activities include: coffee mornings, meals, illustrated talks, concerts and exhibitions. In addition to worship, premises have been used by various external groups, including: Mothers & Toddlers, W.I., Wildlife Groups, choirs, dance groups, Powys Carers, Action for Children, Hard of Hearing groups, arts and crafts groups and others.

List of Trustees:

Mrs Eileen Lodge Jobling	Mrs Helen Sarah Judge
Mr Stanley Mountford	Mr David Michael Jones
Mr Derek Charles Painter	Mr John Mackenzie Harbron
Mrs Margaret Griffith	Mr Terence Maxfield Jobling
Mrs Irene Harbron	Mr Kevin Gilman
Miss Susan Williams	Mrs Christine Elizabeth Richards
Mrs Anthea Bradburn	Mr Alan Bradburn
Mrs Freda Mary Davies	Mr Gordon Rhodes
Mrs Sheila Pollard	Mrs Amanda Jane Thomas
Mrs Janice Mary Rhodes	Mr Alun Watcyn Bunford
Mr Alan Peter Davies	Mr Owen Lloyd Jones

Mr Andrew Gordon Mathieson Mrs Margaret Jane Wilkins Mrs Glenys May Harding Mr Andrew Nicholas John Bond

Mrs Linda Mountford Mr Eric Pacey Mr Anthony Peter Harvey

Reserves Policy:

An amount of circuit reserves are to be ring-fenced annually for use:-

• Minimum reserves to be held - 50% of annual budget or previous year’s expenditure plus RPI

• Chapel Developments: - including amounts already committed but outstanding

• New initiatives grants - up to 5% of reserves annually. One successful application per chapel per year.

• Ministry support - (total annual budget for ministry) minus (income from chapel assessments capped at annually agreed figure).

Circuit income from :

• Assessments from chapels subject to an annual review, with increases capped at 3%

• Income schemes

• Donations

• Sale of capital assets

• Rental Income

Review frequency

The principles contained in this policy, by which the circuit determines the use of its reserves, should be reviewed 2022/23.

Notes :

Chapel Development grants . The existing sliding scale of awards will be maintained. These grants are discretionary. Applications will be assessed in the light of these qualifiers:

• Is the chapel committed to raising new funds for their project to at least 10%?

• Is the chapel demonstrating an appropriate use of its own reserves?

• Has the chapel demonstrated a desire to develop its mission, outreach and discipleship?

New initiatives grants . Discretionary start-up grants aimed at encouraging chapel initiatives are available.