WELSHPOOL & BRO HAFREN METHODIST CIRCUIT CHARITY NUMBER: 1135581 Charitable objects: The purposes of the Methodist church are and shall be deem8d 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 ancillaryto the Methodist Church; • any purpose forthetime being of anycharity beinga charity subsidiaryor ancillaryto 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 Zoar (Trefaglwys). The Circuit has three mans8S: two in Welshpool, one in Newtown. There is one minister 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 elect8d annuallyto oversee the day to day running of the Circuit. The trustees are th8 active minister 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 2nd exhibitions. In addition to worship, premises have been used by various external groups, including: Visually Impaired Groups. W.1., Wildlife Groups, choirs, dance groups. Powys Carers, Action for Children, Hard of Hearing groups, arts and crafts groups and others. List of Trustees: Mrs Helen Sarah Judge Mr David Mich881 Jones Mrs Margaret Griff ith Mrs Irene Harbron Miss Susan Williams Mrs Anthea Bradburn Mrs Freda Mary Davies Mr Stanley Mountford Mrjohn Mackenzie Harbron Mr Terence Maxfield Jobling Mr Kevin Gilman Mrs Christine Elizabeth Richards MrAlan Bradburn Mrs Sheila Pollard MrsAmanda Jane Thomas Mr Ow8n Lloyd Jones Mrs Linda Mountford Mr Eric Pacey Mr Anthony Peter Harvey Mr Herbert Proctor Mr Alan Peter Davi8S MrAndrew Gordon Mathieson Mrs Margaret Janewilkins Mrs GLenys May Harding MrAndrew Nicholas John Bond Rev. Keith Edwards Reserves Policy: An amount of circuit reserves are to be ring-fenced annually for us8:_ Minimum reserv88 to b8 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 peryear. Ministry support - (total annual budget for ministry) minu8 (income from chapel assessments capp8d at annually agreed figure). Circult Income from: Assessments from chapels subject to an annual revi8W, With increases capped at 3% Income sch8m8S Donations Sal8 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 2024125. Notes . Chapel Development grants. Th8 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 newfunds for their projectto at18ast 10 %? Is the chapel demonstrating an appropriate use of its own reserves? Has th8 chap81 demonstrated a desire to develop its mission, outreach and discipleship. New Initiatives grants. Discretionary start-up grants aimed 8t encouraging chapel initiatives are available. CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Welsh ool & Bro Hafren Circuit FOR THE YEAR ENDED 31 August 2024 Wales S nod District Circuit no .2125 Registered Charity- Charity Registration number 1135581 If nol a registered charity His Majesty's Revenue and Customs Gifl Aid number (rhe HMRC number is equivalent to a registered charity number in lenns of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242) Ministers: Rev. Ketih Edwards Circuit Stewards.. Mr Michael Jones Mrs Anthea Bradbum Mr Stan Mounfford Mr Bert Proctor Mr Kevin Gilman Mr Eric Pacey......-............. MrAndrew Bond Treasurer: Mr Stan Mountford circuit-r andJ-2024- completed 1of1 ACCOUNTS FOR THE YEAR ENDED 31 August 2024 Welshpool & Bro Hafren Circuit Un- Clr¢uit ré$trlcted Model Trust Restrlcted Funds Fund Funds Totals this year Totals last year SECTION A a1 RECEIPTS Note Assessmenushare 43,915 43.915 50,006 a3 Ca ital recei ts Bank and CFB interest and Investment income 451 13,654 14.105 22.089 9,140 85 Grants 22,069 other receipts TOTAL RECEIPTS 20.507 66,435 13,654 80,089 {a8) 79,653 SECTION B b1 b2 PAYMENTS stipends, salaries, NIC, Pension and travel costs 62,177 6,167 4,142 13,519 62,177 6,187 4,859 13,519 51.425 10,147 4.629 13,461 1,250 b3 Manse Costs b4 Administration etc 717 b5 District Assessment b6 b7 Grants & donations b8 Other payments TOTAL PAYMENTS 1,001 87,007 5,224 5,941 6.226 17,423 98,335 b9 92,948 (b91 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR c1 a7-b9 20,572 7.713 12,859 18,682 Total funds brou ht forward from last ear 32,941 257,696 290,637 309,319 c3 Sub total c1+c2 12,369 265,409 277,778 290,637 c4 Transfers and ad. ustments c7 c5 TOTAL FUNDS AT END OF YEAR {c3+c41 12,369 265.409 277,778 (¢81 290,637 {c6) SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS these amounts should not be Included in total recel slpayments above) alance brou ht forward from last d1 ear d2 fferin sIGifts fferingslGifts - passed to external organisalions ALANCE STILL TO BE PAID d1+d2-d3 received for e*cernal or anisations d3 d4 cir¢uit-r andJ-2024- compleled 1of1 Welsh ool & Bro Hafren ClrcuSt SUMMARY OF CIRCUIT ACCOUNTS AND INTERNAL ORGANISATION REPORTING TO THE ¢IRcuif MEETING SECTION E Please followthÈ Guldaneè Notesto corn •ts th1$ Summary ofthe eir¢ulta¢¢ountsforthe year ended 31 August 2024 and Irrternal Organisalions reporDng to the Clfeuit Meeting. Nots thatthe funds ofan Internal Organisation would nomially ￿ Restrieted funds unless itcould be clearly shown that they ¢oukl b? used for any Mothodist purposo. Thls sethon must be Completed to arriv• atthe gross f¢ceipts and payments ttstsls of th8 Cir¢uit. If gross in¢om& ex￿dS the Accruals threshold of £250,CX)O, then Ihe A¢¢ruals method of ac¢ounting AND A DIFFERENT FORM must be used to reportthè accounts (see Methodtst w8bs6te). Please referto thg guidance notes regarding transfer5 b•￿ten the Circuit at)d connèeted C1￿Ult Organisations. INTERNAL ORGANISATIONS Net RÉceipt81 Pa Opening bal8nces Recei Pa ments Ad ustmenl$ Closinq balances e7 Sub total of Ir)temel Oryanisations funds le121 Clrcult accounts Itotals broughtforwawd from page 2-totals column) 92,948 Ib91 112.869} ¢71 29Q.637 277.778 elo HELD BY CIRCUIT 92.948 112,8591 290.637 277,778 Continue on a separate et if necessary brim the totals forward TOTAL RECEIPTS TOTAL PAYMENTS SECTION F STATEM NT OF ASSETS AND UABILrriES OPENING BALANGES CLOSING 8ALANCES CIRCUIT- CASH FUNDS HELD at 31 Au ust 2024 Cash in hand Bank Cuttent Account 1096 ank De osrt Account f4 Central FSn8n¢e 8oard 6327 rustees for ￿et￿15t Church Purpo 251,684 259,082 otherfunds SUB TOTAL 290.637 277,778 Told funds held ty Intemal Organisatv)ns Ithe d08ing bakrI￿ lotaL8 atxwel le121 {e11 e12 TOTAL CASH FUNDS HELD 8Y CIRCUIT 290.637 Ixl 277,778 SECTION O At At OThER ASSETS LIA81LITIES 1 Sethmbor2023 31Au ustW24 Investtnents incIL￿ End(hwnents Land and Buildin See noteÈ re In6urarre value ot￿r A$88 . shw 2rrnunt ￿JtS￿lldill rend other Liabilrties 14 Indude onTrrf Funds held at the Centrdl Finance Board r5 Include onty CF8 Funds hdd at TIu5tees for Meth&Jist Church Purw5e$ g1 Indude 3ny Olher inwestments In(rtthe osh element ofTMCP tNst a¢counts thi5 15 inserte(l in lifft ISI 1of1 Name of Circuit.. Welshpool & Bro Hafren No: 02125 Declarations and Scrutiny I confirm that these Receipt and Payment based accounts for the year to 31 August 2024 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meetina. Signature of treasurer 2( Name and address of treasurer Mr Stan Mountford Plas Heddychol,Aberbecahn, Newtown , Powys Post Code: SY16 3AX Presentatlon to the Circuit meeting I confirm that the annual report and accounts for the year ended 31 August 2024 werelwill be" presented to the Circuit meeting held on Signature of the Chair of the meeting Name of the Chair of the meeting 2f Independent Examiner's Report to the Trustees of the Welshpool & Bro Hafren Circuit Charity Number 1136581 Responsibilities and basis of report I report to the trustees on my examination of the accounts of the Welshpool & Bro Hafren Circuit for the year ended 31 August 2024 set out on pages 1 to 3. As the Circuit's trustees, 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 Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. delete or circle as appropriate circuit-r and￿2024- eompieted 1 of1 Name of Circuit Welshpool & Bro Hafren No: 02125 Independent Examinerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below") which give me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Act; or the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I havelhave not" obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of independent examiner Mrs Wendy Rees Relevant professional qualification of independent examiner nla Name of firm (where appropriate) nla Address 6 Fairfields, Kerry Newtown, Powys Post Code SY16 4PP Date a.3.- !-..acA.f............ delete or circle as appropriate circuil-r andJ-2024- cornpleted 1of1 Name of Circuit Welshpool & Bro Hafren No. 02125 Independent Examiner's Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below") which give me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Act" or the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I have/have not" obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner Name of independent examiner Mrs Wendy Rees Relevant professional qualification of independent examiner n/a Name of firm (where appropriate) n/a Address 6 Fairfields, Kerry Newtown, Powys Post Code SY16 4PP delete or circle as appropriate circuit-r_and_p-2024 - completed 1 of 1