2023-08-31-accounts

CANNOCK CHASE METHODIST CIRCUIT (Charity Registration No. 1136126) Cir¢uit No. 28108 FINANCIAL STATEMENTS For the Year ended 31 August 2023

FOR THE YEARENDED 31 AUGUST2Q3 At the 1st September 2022 ￿ Cann(xk Chase Meth(Mlist Orcuit was made up of seventeen thurthes on and around the geoBraphi(31 In SLKrth Staffordthire knowm as Cannock Chase. worship. These (hurd￿ a￿ used primarilyto wovide pla￿ of Christian worship. education and for a variety ofcommunrtyactivitse During the yearthe ministers *Ere Rev Nigel Yourvd Isuperirrtendent). Rev ChristopherAmbler. Deac￿ Susan Culver. and Revjacob Donkoh. The Rev Nigel YoLEng retired at 3tst August 2023 an(1 left the arcuit, and was reptaced by Rev Samantha Hagerman. Thete were also seve Supemumerary Mirjisters whoassisted in the running ￿ the Orwit ènd with the preathin& Sheila Walkerand Dex(m Jan sUtt￿L To assist the ministers with theirylorkthe fjrcuit employs l lay Pastoral A55i5tant and l fjrcuit Adminlstrator. Atthe end of the yearthe o￿lt had t￿fity eightf￿ acue(rrted local preathets on the Plan ofwhlch eighteen a￿ aai¥e and IcKal weadws on trtal. ncme rn note and there are fifteen wor5hTP leale Durit¥the year. across the fjr¢ult. there were approxirnately 230 Sundwi services each quarter. These services are. in the main. conducted by the Ministerial Staff. Supemumerary Ministers. Local Preather5 and some YisitsrE preathe￿ On occasors when there are insuffioent preadws availabSethen to(31 aIrw￿ements have to be made.To &isethe difficulties of filli[￿the preathin8 plan SLYne thurd￿5 a￿ holdiry unrted servi0> In addition to Sunday Sawice5 se¥ernl of the churthes in the arcutt hold mIdw￿k services whlch are seen as ￿laxed and infomial and in many cases attract a wider con8re8ation from across the denominations. Page I

Manyofour churches are cffl occaslons usirvg otherfornis of ser￿￿ than the knditional. style. e.& "Messy Churth" 'Cafe thurch". These alfemati¥e styles attract people from a wlder secflon of the ItKal c(xnmunities. Most of ourthurd)es h￿e mid-4%a a¢iriitfie5 S￿ a5 W(m)w's rneet1￿. Men'5 groups. Bible xudy groups. Prayer meetirE5 (Y H(xse gr￿p& Youth work is maintained in some of our churthes wÈth Youth aubs and unrfomied organisa￿onS such as Boys Brigade8 Girt5 Brigade. Brownies. Guide5. AssesSMer￿ fortheyear 2022123 had to be re(alculated to take account of being Me minister dry•m and two thurthes havlng dose The manse at t￿ndalk Lane uffrtinue5 to be let and Pr￿1￿ rental inccme to the arcuit The manse at Chasetown, nthv hawr¥ no minister. also been leL During 2023124 a de(isi Stiwth are increased each flnw(ial year in line vrith I￿reaseS approved by the Methodist Conference. Stipwd5 nional insura￿e pern￿ c￿trIbutI￿$ were 5L3% of all 24.4% of expenditure is the fjrcutt contribution to the Distrirt and Connexion, of which a 5ignifiant part is ￿e￿ to fund the work ofthe wider Methodist Churth. As at 31 Aiigust 2023 the net current assets of ￿ ￿r￿lt were £128.971, gsvin8 approximately Plansfor Once again the a55essments had to be re(alculated on fewer thurches operating in the Circuit This re5ulte(J in the C￿tinuing d)urthes h￿l1¥tO pay 17% rnore in theirassessments. P*e2

The CharIt￿S annual report and accounts forthe year ended 31 August 2023 have been prepared in accordartce wtth the Charitie5 Art 2011 and the Charities: statern￿ of Recommended Practice 2015 as applkable to the ￿rtan(la1 Rwtin8 siydard(FRSSE) 2015 Full Name of Charfty. cant￿(￿ thase Methodist Orcuit Registration Chartty Number: 1136126 Istjune 2010 Main communication a(Idres> stsffordshire. WS7 INJ The rnembers of the Cannock (hase Methodist Cirojit meetin8 are the CharityTnJstees, membership bÈttw made up of circuit Offi￿ ￿Id￿5. Ministers and re￿&￿tativeS *)pointed by the local churches. Clrcuii Mlnlsters and ¢)ffl¢ers Active Urcuit Ministers Nyl J. Young (Retired 31st August 20231 Deacon Susan Culb rcuit Lay Worker5 Mr MarkfmK>thy rcuit Steward5 Mr Neil Ernbrw (until 3tst D8(AM￿ 20221 Mrs Kate Oupman MF5 Bart￿ra 8rook5 Mr Graham ￿nn Administr3t(Y Mrs Bartiara Brook% {from 6th April 20231 Treasurer Mr Keith Rothery who 3rted as the prinapal officer overseeing the day to dav fina￿la1 managell￿t aTrts accounting forthe cEr￿￿t during theyEar. Independent Examiner Elaine Glover A.CMA Haywood k£ountkng Solutions Ltd 4 Coppenhau Mews Coppenhèll Investrnent Bankers Central Finan￿ Board of the Methodist Churth Trust￿ for Methodist Church Purposes Page 3

Alms and organlsatl Charity objective is to act as a Resour￿ providerwithin the area around the Cannoc Chase forthe Methodist Church: The purposes of the Methodlst Church are and shall be deemed to have been Sin￿ the Date of Union the thancement of: al The ChTlStian frdith in accordance with the doctrinal slandards and di5(ipline of The Methodist Church.. bl Any charitable purp￿ forthe tlme beong of any Connexional. DisiricL Orcvit. local or other organisation of The Methodist Church: l Any Charitab￿ purpose for the time being of any society or Institution Subsidiary or andllary to The Methodist Churth; dl Any Purp(￿ for thetime beingof any charity bwng a th8rity subsldlary or ancillary to The Methodist Church The organisation and resourcing of regular public acts of worship open to members of the Church and non members alike. The teathing of Christianttythrough sermons. courses and small groups. The resourcing of pastoral work indudirg visittr%the si( and bereaved. Takin8 reli8ious assemblies in local ￿0015. Promotion ofchristiantty through the staging ofe¥ents and se￿￿. Provision of chaplaincv semces to the loral univwsiiv and other institutions. Publlc Benefft We confirm the tntstees have had regard to thecharity Commission'sBuldan￿ on public benefit. Thè governing documentfor the circuit is the Deed of Union119321 and Methodist thurth Art119761 Detailed governance a￿aDgernents are ouuined ￿thin the CLJnstsiutional Practice and Disapline of the Methodist Churth by order of the annual conference ICPD). Day to day management of the drojlt ￿ undertaken by the ￿rL￿rt Leadership team along with the Local Prèathers meetirv& the Circutt Fiftan￿ aNI ProFerty Committee and the Circuit Policy Committee. Tru5teeTrninir A range of guidance produced by Methc#llst cOnne￿On to 5UPPQrt the effective running of the circuFt. specifically the leaflet The Role of a Trustee in The Method￿1 thurth. 1$ 8rven to all new Circuit meeting members as induction to th￿r role as trustees. Related Parties The Circuit is part of the Wolverhampton & Shrv•thry Dityict and is also accountsble to the Methodist Conference. The following 17 Methodill Churthes are lInk￿l to the circuÉt: Bethel, Bddgtown Cannock Wood F@atherstone Mill Street. Cann¢xk St Paul's. Rugeley Trinlty. Norton Canes Burntwood Chasetown Handsacre Salem, Chestyn Hay Trinity. Hednesford Chadsmoor Great Wyrley Penkridge St Stephen's. Cannock Upper L3n(lyw¢xyJ Page 4

Risk manageff￿t The major risks have been identified and recorded by the fjrcuit Finance and Proiwty Commlttee wlth professional taken as iequire(l. There Is a regular annual re¥1￿￿¥ process undertaken and recorded. Income and EXpend[tU￿ is being monttored in totsl arKI is Compared with the approved annual bud8et on a halfyeady ba￿$ to detect trend5 a5 Partof the risk management proces5 to avold unforeseen calls on SafewardSng Every person hos o volue onddignity which tomes dirertfyfrom the creution of mole ondfemule in Gods own Imoge and likeness. 0Trri5ttort% see this potentialusfu￿1ltd by Gods re-creotion of us ffn Christ. Among other things this implies o duty to volue ollpeople osbeoring the imoge of God ond therefvre to protert them from harni. Methodist Connexional pract1￿ out15r￿ commitmentto the folbwing prin0p￿.. • the care and nurture of. and rwctful p&oral ministry with. all chltdren. young people and adults . the safeguarding and protertion of all ¢hlldren. You￿￿ people and adults when they are vulnerable . the establishing of safe. carin8 communities whith prowth a lo￿n8 environment where there is informed Vigilan￿ as to the dangers of abuse. We wll carefvlty select and train all those with any re5portsibility w5thin the thurch, in line with Safer RetTUitment principles. indudiro the use of criminal re￿rdS disclosures and reRistratlon wlth the relevant vettlng and barring 5dme& We will respond Witho￿ delay to every complarnt made thlch suggests that an adult, child or young person may have been harmed. rx)operaiing with the police and local authority in any inve5ti8ation. . We will seek to work with anyone who has suffered abttse. d￿loping wtth them an appropriate ministry of informed pastoral care. • We will seek to challenge arry abuse of power, especially by anyone in a position of trust. • We will seek to i>ffer pastoral care and suppofL Induding supeNsion and referral to the propÈr authorities. to any member of our thurch community known to have offended 8Bainst a child, youn8 person or vulnerable adult. . In all these prI￿lpIeS we will follow legislation. gUIdan￿ and reco8nised good practi The Cannock Chase arcuit commits itself to er￿Jr1￿ the implementation of conr￿￿Onal SafeguardinB Policy; government leBisiatlon. guidan￿ and safe pract[￿ in the arcuit and in the thurches. The Canfto¢k a)ase Orcuit commits atself to the provision of 5upporL advi￿ and trainirtg for lay and ord3ined people that will erLsvre people are dear and confident about their roles and responsibilities in safeguarding and promoting the welfaTe of thildren and adults who may be vulnerable. Reser¥es Pollcy The Reserves Policy for the ￿rCuIt is to hold a minimum sum equivalent to stx months. average expenditure. This should be suffioent to meet any unforeseen ttern of major expenditure on manses and I or to be able to continue, in the short terni. funding planned artivitses in the event of any inability to raise the full Circuit Assessment from churthe& Page S

Cannock Chaso Methodist Circuit Circuit No 28108 statemert of Financlal Aclivilw ISOFA) for the year ended 31 August 2023 Total 202243 2021.22 179 3M20 13. qO.209 2*680 S CapW 8 Totyl inEomtr 24A302 311,964 Expenditurg IW12 144512 X4660 10 62.412 14707 ￿751 11 1034 12 12.878 14rAg 257.392 331.640 ISS7 I9G8￿{￿j5seSl 111 24Total funds brou8htfoMard Totslfimd5tarrfedltywd 664.697 6Ti712 91.817 3B.327 814.841 761 834.527 814841

Balance Sheet as at 31 August 2023 Totakn 2013 15 18 17 16,914 Loans 1412 911 94.232 CenlRI Fitwtswd[￿llEl 28.751 Cash atBa •mJ 17 25.196 3.314 28.510 51.090 fj3.813 91136 184652 Ct&Jibysldue y*¢ 18 54.681 54.881 49,926 ,925 91136 12BP71 14f,D61 6T4n2 911 751 81WI Longterm lJabllllle5 Loa￿ tothe Cwojll 20 671712 91136 37.W13 l751 814841 FurwJ¥ Ctrc 872.712 6n.71Z TnJstFwwJ 21 91136 91138 91.817 mJ14 21 671712 91136 37. 101751 814841 c¥￿it Tr&7sur

tirte5 toth• Ac¢wnts l Bas15 of a¢countln8 Thefinandal statementshaNebeeTrprep1 wXIu￿0￿KI￿e$ACI 2011inaccorthrKetththe2014versK>n of AcityJnvn8 and Reportlng by Charltye5'. Statemertof RecommeThJed PrartKelSORPI appllrab￿t0¢harftIP5 wIA¥their¥e¢xrtln aruxdancewith FRSJlll-theCharl￿$oRp IFR51021 and Eaknng noteoftt Upde Bulletin I in l)16. 2 Funds Thefunds held constitute: General Fundsheklfrxty pswro5eof ts(knJitl¥thareUnrstrktrd. The Qrojlt ht#lTtU5t Fund has wlde purposes deflned in stsndlngordersand is cate8oriseda5 vnresrride& ftestrtted fvnd5whxth are lldfora naw purpose. There area150 thefollowin Endo¥mientfundsas&"sted. Detsilsofeath tpater5alfuwlared￿Sed ffjthtfi[￿ rthto Iheseaccount& hny fiJnd5maybe represented by morethan justca5h. 3 Accountin8 pollcle5 Basts Theseaccounts b￿n prepared onthebastsof histL¥kalcosrexcept that ￿k￿rnentsare shwbatthr matsydlueatthe end oftheyear. on the attruals baslstos￿W a trueandP4rview of the(￿i￿5￿￿atitial po51tx￿and￿tl￿rtl Income Recognition IDcorne is included inlheslatementofffn3￿￿ ktMtsl50FA) Whentheora￿t becomesentitkd totheresourtes. a￿liheIrUStees are reasonably This 1$ recognw when 3 Ilatélity is incul￿. or a CLytstn￿OtrxI￿t1o￿ar19e4thai resukslnthe prn bein8 l￿av0￿b1￿. knabllltte5 are reeoBnlsed as5oL￿ asanouthow ofeconthicbenefft LS morp likely than Trjturwjer ￿legal (￿¢￿Tr￿ obligav.on commknngthe Circuttto P8y Out rwurw. Grdnts Grarts Made lry theorcuit from Trtsown fUr￿are rerryNS￿ kn fvllatthetlmeofaeréemertor WA￿ the Or(uitxteptsthat ttre Isa le8al or op2ratio￿ ob1Wi￿1oM￿th paywnL VAT Slncethe Orturtls nDtVAT rwered. all iw VATi5charyJ ththewen5e5tO￿Kti iirefers. Tarylble flxed a5setsfor use by the fjrcuft These are caF41alisal 4fth￿ ran be usedfor mwethan orey. ¥J In(kndUaI￿to5l0tleasI £UO). Thefrethld property is shown iniheaccourtsai 20￿deeMed¥31u￿S. Nodewecith s wo¥#lgAonthe bulthn8sbecausethetntstees con5iderthe current residual fair value0Ft￿ manse tw￿￿1￿￿1￿)the asyJmptmth ithad teathedtheO of its useful￿{￿￿1C litE ￿the year-endl to tre not le5$ than itsturrentYdluE. WfAJW Thjl be Thepr(wty hsbeen re¥rwlfor tswiwmthii. Investment Propertles In¥estmentprwertyes.noprtytyiSciirfenttydeem￿ io nOtbeh￿￿u knttrrm pU￿0fthe chwity. Imiestments InvestMÈntsarev4lued Én ￿￿#￿5￿teS1w3tff￿rke1 Valuealthe￿ tsh)dth intheacrxsuntswhen rtteiwdble 8nLI any galnsorlosses on redaluation aiihe>r¥etyJ a￿Sh￿inthe9)F Debtors and Prepayments Debtors relateto the pjymert of t￿SepteM￿S11[￿d Credftor5 Page 8

CAMIIOCK CH￿SE IAETHODIST CIRCUIT 2023 Totsl 2022 Totsl Donati¢)ns and legxles Trusi Fund Donations Legacies Total 420 179 179 2023 Total 2022 Total 5. Investment Sncome Trust Fund Cèntral Finan￿ Board TMCP Other Total 76 967 I￿53 145 441 2.876 3,920 2023 Total 2022 Totsl Rent recelved from the letting ofthe empty manse at $3 Dundalk Lane 10,209 2023 Total 2022 Total Bethel, Bridgtown Bourne Brereton Burntwood Cannotk Wood Chad5moor Chase Terra Chasetown Featherstone Floren￿ Street Great WyTSey Handsacre Mill Street Penkrid8e Salem, Cheslyn Hay St. Paul's St. Stephen's Trinity, Hednesford Trinity, Norton Canes Upper Landywood Totsl 3,710 23.680 4,520 29.160 6.660 23,6(X) 7.520 ICN) 15,440 9.360 5.450 28,340 25,980 29,600 34,060 24,040 11,2C 5.370 226,680 3(XI.630 3.520 21720 22,080 2Y,080 26￿60 18.720 8,720

Ctrrmlt Mod Tntsl Fund 2023 Totsl 2022 Totsl 8. Grants and Donat Tear Fund Handsacre M. C. Upper Landywood M.C Total 2rx¢ 2022 Total MinÉ5ters- Stip￿5 Pension cOntri￿tiC￿l National Insuran Lay Workers- Wages Total 134 133.221 25353 34.733 8fi52 12,492 16373 28.214 10 2023 Total 2022 Total W0￿erhamPtOn & Shfe•rtiury Distri¢t URCAssessment District Athance Fund 60.051 2.350 1356 61,757 2023 Totsl J)22 Total Teleph<)ne and Internet Piintin 2.107 927 3.583 1,072 2023 Total 2022 Total 12 Other Out￿1￿&5 3,689 3,914 715 1.247 Quinquenntal knsp& Miscellaneous 2,601 13.140 3,033 14.099 PwJe 10

1. Payment to Trustffs Th15 year 105t year Payments made to trustees for additional servi￿$ provided to the arcuit by weement Wbth the Circuit Meeting None None Numbèr of trustees who were paid expenses Nature of the expenses Expense payments pfimarity ￿late to reimbursement for travel and computing costs Totsl amount paid
2. Fees for examlnatlon or audlt of the accounts Independent examinerfs or auditOf5' fees for reportirg on the accounts 2,055 553 235 235 Other fees le.g.: ad￿ce. aCC￿Jn￿nCY s￿VIces) pald to the independent examiner or auditor Page 11

The funds that support the Circuit Model Tntst Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on whlch interest is uedited to the accounts each month. These are regarded as medÉum and long tem investment TMCP Is the legal cwner and Custodian Trnstee of all Methodlst Model Trust property, irtduding Legacies, Endowments and Accumulated Fun(ts. Trust property is held for and on behalf of local ManagingTru5tees who are responsible for the day to day management of trust property. TMCP ensure that. through providlng guidance and acti￿ under their dirertion. the Managing Trustee5 ¢ompty charity law arHI Methodist law 3nd poltty as detemiined by the Methodist coTrferen￿. Thlsy Last Year Investments listed on a recoBntsed Sto¢k Exchan8e Investments held in common Investment fun( Securitie5 not liste(l on a recognised Stock EK¢han8e Other investments Totrl Change In In¥eslmentvalues Carryin8 Imarketl value at beginning of year Add: addltions to investments at cost Les5: disposals at carrying walue Net 8ainlllossl on revaluation Carrying Imarketl value at end of year Page 13

1. Anatysls of current assets Thls Last ￿*1 Debtors and prepayments Pre paid Stipemds 11.818 10.991 Accrued income Other debtors 14,187 5,923 Total debtor5 and prepayments 26.005 16,914 Analysls ￿e#Sh at bank Bank balance held in HSBC Bank plc 28,510 $1,090 Bank balance held in Methodist Chapel Aid Bank balance held in (Name of bank) Total Cash and Banll 28,510 51,090
2. Analysis of ¢urrent Ilabllilies kngterni cre£NtOVS Trade Creditors 8,201 6,956 Other Credltors IAs5es5ments rec￿ in advaTKel 46,480 42,970 Total Current Llabllltles 54,681 49,926
3. Capftal Commitments and Contingent UabNtles At the 31st August 2023 the arcuit has no cèpitsl commiiment& No Corttir￿ent liabi11tieswe￿ Identtfie(l at 3tst Auwst 2023. Page 14

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11 Diiii 111111 111111

DECLARATIONS Treasurer the records of the Circuit 8nd that they i￿ude all furth ￿MIerts c4Jntrol of the Cfftjil Meeting. Sigrsature of Treasu February 2024 Name ofTreasur Address Presentation to the Circult M•etinll for approval. I ￿nfirm that the annual re￿t arKI ar£ounts for the year w)dad 31 ALWSt 2023 7Awe presented to tht Cirajil meeti￿ at its on 6th Fetrfuary ￿24 and were approved. Signature of the Chair of the meeting Name of the Chair of th& meeting Q6 F•bnwry 2024 Independent Ex•mlnerfs Report to the Tru6ts86 of tho CANNOCK CHASE METHODIST CIRCUtr This Report is on the Caniit Accounts forthe Ye9r￿￿j 31° 2023 Rgspecliva responsibilities of Tru8te•s and Exomlner The Circurfs tr[￿tea$ we re$p0nwb￿ fty engJriThJ that the 8Mual re[X￿[ and forthe yeaT to 3131 August 2023 present 8 tsue and fawview of the CsroJiVs income and eXpendrtU￿ trthe ye81 and of tts asset8 and Iiabilthes al the balance sheet date. The thtstees COn￿der that an is not neC￿&￿ry for this yoar under Seclion 144 of the Chwrties Ad 2011 {the Chwilie5 Ao#) and that an insjependent examinatson is needed. It is my lo.. examine the ac￿nts undw sect1￿ 145 of the Chaiilies A¢ to folknw the prO(￿re$ I￿ d￿1 in the thredions bythe Chaiity Commission un(*r Section 14515Mb) of the Ch8Tilies a¢ and Page 17

presenled hth th088 fxords. n atso incljdes clany ur¥￿￿ nabjre or x3￿. or disdosures in the accounts. seekir¥a expknafbjrts fr¢m TnJstse8 such matters. fv prcxaurts unogrtaken Ik) not provth thp evitsr¢¢e thatwbl ke ￿uir￿j ￿ an audit aThJ. t￿nSequenty no wnion is gNen 88 to %thetherthe accounts presgnl a trLE aTrJ fwrv. 14ty rep)rtiB linthl lo thc6e Matte￿ set out in tt statonwnt Indgpgndent Examinefs Statement belovri 11) which gi¥es me Teasonable ¢￿se to telie4e that in aEy m81eri resFLI the . to keep ac¢ourthg [￿OrdS ￿ ac£othxe wilh S&Xon 130 ofthe Chaniies Aca. . to prqwe accounts with the ac(wnlirvJ I￿OrdS and c(%npty Mfyth the al￿￿ntIr￿J wuirements ofts Chanb"8s Aca have not been met. IY (21 Utm1erstand￿g ofU acuwnts to be reaJM1. 13) I have obtained indèpeThlent ¥Errfication of all investrnents vth the Trustees for Methodist Church Pu￿oSe3 lx hekl in other trusts, bank balan￿ and ftknds at the Central Finan￿ Board of the Methothst Churth whith are inidividualty Èn excess of £10.(m￿ {ten thwsarKI ￿￿￿￿$) lhe bala￿e sheet dats. via sgm of bank stateM￿ts and fund Btatèmthts. Name of independent mirw Elwne GknTr Signature of independent ￿miner Rejwant Profesgonal quajificats"￿ of irnl C.MA Name of fiThn (vhw Address 4 CoFvenhaU Medw. CoFvhal. S*8ffordshiTe. ST18 9BA Date I k+liol4L