CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Welsh ol & Bro Hofren Circuit FOR THE YEAR ENDED 31 AUGUST 2023 Wales S nod District Circuit no 02125 Reglstered Charty - Charlty Registration number 1135581 If not a registered charty Her Majesty's Revenue and Customs Gift Ald number (The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisalion's charitable status. Melhodisl charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.2421 Ministers.. Rev. Keith Edwards Circuit Stewards.. Mr Michael Jones Mr Stan Mountford Mrs Anthea Bradbum Mr Kevin Gilman MrAndrew Bond Treasurer.. Mr Stan Mountford 2015 Circuit R and P.￿5 1 of 1 ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023 Wel$h ool & Bro Hafren Clrcult Clrcuit re#trietsd Model Trust R8strtct•d Funds Fund Funds Total$ th year Total$ last year SECTION A RECEIPTS Noto a2 Assessmenushare 50,006 50,006 58,340 a3 a4 Capital recei 1$ Bank and CFB interest and Investment income 79 9,061 9,140 1,365 a5 Grants a6 Other receipts TOTAL RECEIPTS 20,507 70.592 20,507 79,653 21,201 80,906 a7 9.061 la81 SECTION b1 b2 PAYMENTS Stipends, salaries, NIC, Pension and travel costs 51,425 10,147 4,629 13,461 51.425 10,147 4.629 13.461 1.250 49,243 5,182 1.879 13,761 280 b3 Manse Costs b4 Administration etc b5 District Assessment Grants & donations 1.250 b7 b8 Other paymen15 TOTAL PAYMENTS 9,803 89,465 7,620 8,870 17.423 98.335 17,680 88,025 b9 Ib9} SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR ¢1 a7-b9 18,873 191 18,682 7,119 c2 Total funds brou ht lorward from last ear 17,814 291,505 309,319 318,438 c3 Sub total c1+c2 1,059 291,698 290,637 309,319 Transfers and ad'ustments 34,000 34.0001 Ic71 c5 TOTAL FUNDS AT END OF YEAR Ic3+c41 32.941 257.696 290,637 Ic81 309.319 Ic61 SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS thè$0 amounts $hould not bg includad In total recei tslpayments above) d1 Balance brou ht forward from last ear d2 Offerin sIGifts received for external or anisalions d3 OfferingslGifts- passed to extemal organisations BALANCE STILL TO BE PAIO d1+d2-d3 d4 2015 Clrcull R and P.xls Welsh ol & Bro Hafren ¢lrcult SUM RY CIRCUIT ACC NTS AND INTE RGA+IISATION TINGTOTH SECTION E GuidAn¢a N om SJmm8ry ol th8 Circuit accounts lor the yearended 31 August 2023 8nd Internal Organis8bons rewrbng lo the Circuit Meeting Note that the fijnds of an 1Th￿rnaL Org2nisaiion would nOTmally ts Restricted funds unl6s8 Il could be cleady shown ihsl they could be for any Methodist putsx)se. This sectson must be ctynplew lo arrive ai the gross receipts and payments totals of the Circull. Ilgros5 Inrx)me txeeeds the Accruals threshold of £250,000. then tha A¢rruals ofattoullling AND A DIFFERENT FORM mutsi be used to rewrtthe a(ttun18188e Metttod151 website) Please ￿fert0 the guidants note5 re9afdino transters between tha Circuit and connect￿1 CirwitOrg8nis3lions. INTEflNAL ORGAN18ATION$ Not Rqc&iptsi Pa menls Openin R¢tÈipt& gnts u$imeTrts CknBln balonces t3 t7 ub to1￿ of Int￿￿1 organisat￿n8 funds Clrcultaccounts Itotal• brougm forward from pa9¢ 2-totsl$ columvl 79,663 Y8,335 91 18,6821 c71 309,319 290,637 HELD BY CIRCUIT 79.653 98,336 118,6821 309,319 290,837 Continue on a sepBra sheèt IT Dgcg5&9ry and brina the totsls lopward TOTAL PAYMENTS TOTAL RECEIPTS sÉcrioN F STATEME AND UABILI OPENING BALAf4CES CLOSIPIG BALANCES CIRCUIT-CASH FUND8 HELD at 31 Au uèt21123 Cash In han¢ Bank CurrantA(tsunt Eank D 09iiA¢c￿nI 9.743 Central FlnorKo Board Ttu*tse$foi MethodI5tChurch Purpry 280,829 251,884 Otherfunds SUB TOTAL 309.319 290,637 Tthal tur￿$ by Intsrnal OrgoDwtiDnS Ith osing ba15nce totè& 8bDv&l le121 912 TOTAL CASH FUNDS HELP BY CIRCUIT 309,319 290,637 SECTION G At OTHER ASSETS aThd UABIUTIE8 bar2018 uI12019 Investments IncIL￿e Endovlmynts Land and BU1￿1￿ note$ ie Insurance vwu• OthèrAssets Loan - show amountoutstsndin Èar ènd Other Lwbilits9 f4 Incjuda Qnty Funds hBhl atthè Central Flnonc4 Board f8 lftclud&ontyCFB F￿n¢& st Ttvsttegfor Methtyj￿t Chur¢h Pu￿0￿e¥ 01 Include any ouw Invesimènt&{not Ihfrixsb g18mentof TIA¢P ttu9t Btuunts th[$ l$inEQrt•d ID ￿￿915) l OT1 DECLARATIONS Treasurer I confirm that I have prepared the accounts f funds under the control of the Circuit Signature of Treasurer he records of the Circuit and that they include all Date IS .? 2LQw Name Mr S J Mountford Add￿$S Plas Heddycol, Aberbechan, Newtown, Powys SY16 3AX Presentation to th8'Circuit Meeting for approval. I confirm that the Accounts have been presented lo the Circuit Meeting on 19th October 2023 and were approved. Signature of the Chair of the meeting Name ofthe Chair ofthe meeting Rev. Keith Edwards Date IS .q 20 iL¥ Independent Examiner's Report to the Trustees of the Welshpool & Bro Hafren Clrcult This Report is on the Circuit Accounts for the year ended 31 August 2023 Respectiv8 responsibilities of Trustees and Examiner The Charity's Iruslees are responsible for the preparation of the accounts. The charity's trustees considi audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act} and th,. independent examination is needed. It is my responsibility lo.. Examine the acwunts under Section 145 of the Charities Act lo follow the procedures laid down in the general Directions given by the Charity Commission (under Section 145{5llbl of the Charities Act), and to state whether parti¢ular matters have come to my attents'on. 2015 Clrcuil R and P.xls 1 of1 Ba818 ol Indopendènt Examlnerfs Report My examinatlon was carried out in accordanco with general Directions given by the Charlly Commbsslon. An examination include8 8 review ol the 8¢¢0unting records kept by the charity and a comparison of the accounts presented with those records. It also includes ¢on$ideration ol any unusual items or d18¢1osures in the accounts, and $oeking explanations from the tru51ees Concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audll, and consequently nts opinlon Is given as lo whather the accounts present a Irue and fairf vlew and the rgport is limited lo thos6 matters sel out In tha statement below. Independent Exarninerfs Statement In conn&ctlon with my examination, no matter haB come lo my gtt¢ntion (other than that di8¢lo$ed belo￿).. whlch gives me reasonabl¢ cause lo beSieve that in any matsrfal r¢sp8ct the requlrements.. lo keep accounllng ￿cOrdS in accordance with 8eCtlon 130 of the Charities Act.. lo prepare accounts which accord with thtr accounting records and comply ￿1￿ the accounting requiremer518 of the Charities Act have not been mttl; or 121 to which. in my opinion, attention Should be drawn in order lo enable a proper underslandlng ¢f the 8c¢oun18 to be re8chgd. ' ￿e&s@ delete the words In the brnckfjt& rf theydo not apply appropnole Ihave nov obtained independent v&riflcalon ol a51 inveslrnents wlh the Trustee8 for Methodist Church Purposes I'TMCP") or held in other Trusts, Bank b3lances and Funds at the Central Financè Board of the Methodist Church I CFB l. which a￿ Indlvldually in exceBS of £10,000 (ten Ihousand pounds) at the balance sheet date. . Pl88s& circle as 8ppropnale Name MTS Cerian Church Signature Relevant Prof&$slonal U811fi¢atlon or bod Cc CL(- Address 8 Meadow Lane. Nfywtown, Pws SY16 2DU Date 29th July 2024 2015 Clrcutt R and P.xl8 t of I 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 Ibe 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 puryose 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 Sevem Valley in Mid Wales. It is Circuit within thc Wales Synod. There wcre 6 chapels in the Circuit: Cefn (Trewcrn). Welshpool, Pentre Llifior. Newtown. Caersws, and Trefeglwys. The Circuii has three manses.. two in W¢lshpool, one in Newtown. There is one minister active in the Circuit pluq four supemumerary, 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 rlfftning of the CiTCUlt. The trustees are the active ministers plus representativ¢s from th¢ chapels, appointed annually by members of the chapels. Activities: The Circuit has be¢n 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 variou5 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 Jobking Mr Stanley Mountford Mr Derek Charles Painter Mrs Margaret Griffith Mrs Irene Harbron Miss Susan Williains Mrs Anthea Bradburn Mrs Freda Mary Davies Mrs Sheila Pollard Mrs Janice Mary Rhodes Mr Alan Peter Davies Mrs Helen Sarah Judg¢ Mr David Michael Jones Mr John Mackenzie Harbron Mr Terence Maxfi¢ld Jobling Mr Kevin Gilman Mrs Christine Elizabeth Richards Mr Alan Bradbum Mr Gordon Rhodes Mrs Amanda Jane Thomas Mr Alun Watcyn Bunford Mr Owen Lloyd Jones Mr Andrew Gordon Maihieson Mrs Margaret Jane Wilkins Mrs Glenys May Harding Mr Andrew Nicholas John Bond Mrs Linda Mountford Mr Eric Pacey Mr Anthony Peter Harvey Rev. Jacquie Evans Reserves Policy: An amount of circuit reserves are to be ring-fcnced annually for use:_ MiniTnum 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 /0 of reserves annually. One successful application per chapel per year. Ministy SUPPOrt - (total annual budget for mini5ty) minus (income from chapel assessments capped at annually agreed flgure). Circuit income from.. Assessments from chapels subject to an annual review, with increases capped at 30/0 Income schemes Donations Sale of capital assets Rental Income Review frequency The principles contained in this policy, by which the circuii deterniines the use of its reserves, should be reviewed 2023124. Notes '. Chapel Development grants. The existing sliding scale of awards will be maintained. Thes¢ grants are discretionary. Applications will be assessed in the light of these qualifiers.. Es the chapel commttled to raising new funds for their project lo at least IOO/o. Is the Lhapel 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.