THE METHODIST CHURCH – HIGH WYCOMBE CIRCUIT
CHARITY COMMISSION TRUSTEES ANNUAL REPORT 2020
Section B – Structure, Governance and Management
The Circuit is one of 21 Circuits in the Northampton District. The Circuit is ultimately accountable to the Methodist Conference.
Risk management is considered as part of its overall duties by the Circuit Leadership Team which takes appropriate professional advice whenever it feels that this is necessary.
The Circuit has for many years adopted a safeguarding policy in respect of children and has encouraged and indeed ensured that all Churches within the Circuit have also adopted a suitable policy. In 2012 it adopted and has since annually updated a revised policy covering both Children and Vulnerable Adults. Suitable training is arranged to support those holding office.
Section C – Objectives and Activities
The objects are set out in The Methodist Church Act 1976 (Clause 4), a synopsis of which is “advancement of religion and any charitable purpose of the Methodist Church or Church organisation (see Methodist Church Act 1976).” The Circuit provides advice, support and resources to the 9 Churches that form the Circuit and through them undertakes a range of religious activities for the benefit of the general public/mankind.
Methodist Circuits are not defined as external grant making bodies. Surplus funds, both short term and longer term are invested with the Trustees for Methodist Church Purposes as required by Standing Orders.
The majority of the work of the Circuit, other than that undertaken by ordained ministers and paid lay workers, is undertaken by voluntary lay persons.
Section D – Achievements and Performance
The Circuit has continued to support a wide range of activities undertaken by the Churches within the Circuit. This has involved substantial investment in resources both in areas of proven growth and where there is potential for development. This has taken the form of significant contributions for building improvements and also assistance with the funding of lay workers.
The Circuit has continued its commitment to fund a diaconal appointment up to at least September 2023. The appointee is developing outreach work both by encouraging and training lay people, and by working alongside ecumenical partners. In addition he is actively involved in supporting the work of local Work Place Chaplains.
Section E – Financial Review
The Circuit aims to maintain in general fund at least three months routine expenditure to cover timing delays in receipt of funds. There are a number of designated funds which support defined activities.
The other main fund is the Circuit Model Trust Money (formerly known as the Circuit Advance Fund) which is derived from the sale of redundant properties within the Circuit and its use is limited to those purposes defined in Standing Orders.
The Circuit raises funds through the Circuit assessment which is contributions from all the Churches within the Circuit to meet the agreed budget for the year.
The majority of the Circuit’s expenditure is related to the employment of staff and their associated accommodation etc. expenses plus a contribution to the costs of both the District and the Connexion collected through the District Assessment.
Section F –
The Circuit continues to seek an effective strategy for its future development and direction. In 2020 a process was initiated to encourage all churches to review their ’20:20 Vision’ developed some six years earlier. This ‘Re-imagining’ exercise is being aligned with the Connexional ‘God for All’ initiative as well as taking into account recent changes in worship practice brought about by the current Covid restrictions. The work identified through these exercises will be developed as a priority and taken forward over the coming years both by the churches and the Circuit Leadership Team.
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The Methodlst Church - High Wy¢omb• Clr¢ult Statement of Flnan¢ial A¢tlvltles for thè Yèar ended 31st August 2020 Unrestricted Re8tri¢ted Fund5 Funds Total Funds Total Funds 2019 Note5 INCOMING RESOURCES Circuit Assessment5 Manse Rental Incorna Grant5 Recewed Bank and Trust Interest Swial Collections Sundry Incoffle & transfers from Naphill To¢al Incomlng re50ur¢ 186,651 37,140 50,666 186.651 37,140 50,666 950 8,470 1,246 285123 203.420 40,713 708 969 3,225 249.03S 8,470.35 1.246 276.653 8.470.35 RESOURCES EXPENDED Stipends. National Insurance & Pensions Lay Wotkers & Supernumerary District Assessment Manse paIrS and maintsnance Travel Administration Quiquennial inspections Telephones and internet Training Pulpit supply and plans Grants and Donation5 Collection paid over Removal costs Other expenditure Depreciation 139,447 5,220 51.863 69,838 2.047 1.630 139,447 5,220 51,863 69,838 2,047 1,630 125,395 5,129 44,018 55,962 5,847 869 3,720 1,930 400 1.688 4,000 969 5,066 100 3.079 893 251 13,228 3.079 893 251 13,228 8,470 8,470 35 8,992 8,992 Total resource5 expondod 296 487 304,958 255.092 NET INCOMING RESOURCES 119,8341 119,8341 16,0571 INCREASE I IDECREASEI IN VALUE OF FUNDS Manse Valuation Model Trust Fund Oth8rTru5t Fund$ 107,992 238,042 179 107,992 238.042 179 56,888 17.1891 20,822 NET MOVEMENT IN FUNDS 326 378 326.378 FUNDS BROUGHT FORWARD 3.273,254 8,907 3,282.161 3,217,696 FUNDS CARRIED FORWARD 3.599.632 8.7 3,608,539 3,282.161
Thg Mothodist Church - Hlgh Wycombe Clreult Balan¢¢ Shèèt at 31st Augu$t 2020 Not¢$ 2020 2019 Tanglbl• FIx8d Assets 3,026,690 2,918.698 ¢urr¢nt Assets: Trustees for Methodist Church PuOse$ Central Finance Board 206,259 165,916 16,423 6,501 20.024 11.494 144.819 26,503 15,349 20,056 11.487 HSBC CAF Bank Cash CAF Bank Gold Stipends paid in advance Manse rental fees paid in advance Sundry debtors Mans8 Refurbishmen15 paid in advan 12,210 3,357,525 3,689,183 L•$s ¢4trrent Liabiliti¢s'. Circuit assessments prepaid Manse Rental Income Manse repair and maintenance reserve Accrued manse maintenance expensès Accrued General Expenses Accrued Quinquennial costs Accrued special collection 48,153 44,231 50.OCM) 50,000 2,305 447 100,458 95.178 3,588 725 3,262,347 FINANCED BY.. Unrestrlcted Fund5'. General Fund M3n5e Refufbishmenl Fund Manse Fund Model Trust Fund 87.556 50.000 3.028.690 414,384 87.390 50.IY)O 2,918.698 176.342 3,558.629 3.232.430 Other Fund5 Trust 17252 Chilton Memorial Trust Fund Trust 12975 (Sale of Landl Fund Trust 20825 Alma Stevens bequest 2,829 6.183 21.084 2,829 6,142 20,945 30.096 29.917 TOTAL FUNDS 3,588,725 3.262 347
Th• Mèthodist Church - High Wycombe Circuit Notos to the Accounts far th• yèar ended 31st August 2020 l. Accounti al Basss of accountlng The Accounls have been prepad under the Historio Cost Convention &xcept where ass915 have been ststed al valuation. Thi5 is In aOrdance with applicable accounting standards and the Statement of Recommended Pra¢Uc8 appllcable lo charits prepanng their accounts in accordarbce th the Fin3n41 Reportiry St8nd8rd for Smalr EnlilS Ilhe FRSSEI leffectiv& 1 January 20151. bl Valuotlon of Manse8 The Six manses ce by the circul1vre originally valued on the ba5 of the mathel values of comparabL propertie5 situated in thelr raspeclive areas, and adjusted by lakSng account of the charye in a house price index during the year. ¢1 Deslgnation of Funds ac¢ording to Charlty L The General Fund i% an unrestricte¢ fund. The Manse Fund is an unieslricled designated fund. The Chlllon Memorial Tnjsl Fund Is a Pemianenl Endowm8rtt. The Model Trust FunLI. Trust (Sale of Landl Fund. and the Alma stevens b8qu8st are unrestricted funds. nts Re £30.IX)O was taken from the Model Trust FU to cover Ihe cosl of employiny the Ceacon. A grant of £20,666 was made by Connexion to ¢over part oflhe refurtii%hmenl woth on 222 Rulland Avenu8. 3. Model Tru$ fonner the Advance Fund Movements on the m(81 Trust Fund duriNJ the yearw8re 35 lolbw5'. 2020 Z019 Balanc8 brought forward Inleresl received Inel of TMCP thargesl Nel pro(Èds of sak ofyopert5 Less arnounts drawn lo support mission and outreach.. tliacanal appthntmenl Circurt- Any Olhtr Purpose Les5 D15th¢t Levy Balance Carried Forward 176,342 2.619 271,740 202,737 1,243 40.iy)o .20,OCK) ,317 414,384 -7.837 rTru t Fund5. These MpriSe which wer& onginalty donated, wlletled or allocatsd for a 5pecthG. putFK)sè. Movements during the year were as follows.. 2020 2019 al ¢hllton Memorlal Tru8t 17252 Ipfrrman¢ntendowrnonti Balance brought foward Interest dited (net of TMCP chary&l Interest paid io ClroJrt Èalancé ¢arrf•d I00rd 2.829 2.829 2,829 2.829 bl Trust 12975 (sale of landl Balance broughl forward 8,142 Interest credilad Irel ol TMCP charge) 41 Balanct cathed forward 6.183 Trusl 12975 resulted trom the sale of land bythe fotrnèr Bourr* End Meththjist Church. Follon9 the dosure of Ihe Church, the Tmsl was transferred lo the and the capital 15 available lo th2 cirtuit as laid down in standin9 ordets. 6,102 40 ,142 ¢1 Trust 20825 Alma Stovons quest Balance brou9hl foTwardlCapilal Transferred Interest crediled In&t of TMCP charge) Interest paid lo Circuit 20.945 138 20.798 148 21,084 Tnjsl 20825was a bequest lo Naphill h041st Church. Follo thè dosure ofthe chuich In Juty 2018 Ihe TnJBtwa$ transferred lo the Circuit and is now avallabig to the Circuit as laKI down In slandiw orders. 20.945
The Methodist Church - High Wycombe Clrcult Notes to th• Accounts for tho year ended 31st August 2020 5. Tan Ible Fixed 2020 2019 Balance brought foTW8rd 2.Q18,698 2,901.290 Incre8StlDecrea5e in valuatlon 107.992 17.408 Balance Carrled forward 3.026.689 2 918.698 The value of the manses owned by the Circuit h85 been revalued using the Nab"onwde House price index for August as in previous years. The year on y8ar chan9e was +3.7¥0 ts. Manse 6.La wtsrkers and su n merarie The Circuit has not employed ariy laywkers during th& yaar. 7. Manse R al Income Two manses We occupied forthe whole ofthe year. and Don A grant of £2.250was made in support of the FlaCkVlI ath Young Farnilie5 Worker. and £3,200 in support of tro Madow Youlh Worker. As In previous years, a don81ion of £2.000 was made lo support ihe work ofwycombe omelts¥ ConneGtion. - Manse R irs and the There has been furthei signfficant expenditure on the manse at 222 Rutland Avenup, but much of this was tovered by a Connexional grant. Some unexpected refurbishment was also required 814 Fleet Close. Such expendrture 15 provided for by th& manse SerVe bul have not taken money trom the resetvt on Ihls occasion as manse rentsl exceeded the budgeted amount. The Manse Reserve Fund ha5 been niainiained at £50,000. Inde nde mlnerfs Lln The moth08t R•$pgctiv• r•8ptsn6llI10$ of TFv$t••s artd Examlnèr AS the chantytrusteE5. you ale responsible forthe weparalbjnof thy8[li." you con8hYerthatthè Jdlt rg4uir£ments of 4421 of the Charl$ Ad 1993 IthÈA¢t}do notapply Itis my responsibiinyto statè, on th¢ ba51S ol wwedutES spe0rd In th• tseneral Direthnggrien by the ChaliLy Commis08r8 undBrSecion 4317Kk>l of thè Arf whetherpartIsr matters hav• wm8to my attention. Bats16 of Ind•nd•t ExaMlm¢rfs Report y &Mination wascattiEd in accordance with thB Generdl Trrections Yfft by thèChanty¢llmmLSKyrs. An oxamination In¢lud8s a revlow Otthe racotd$ kept by th•charity and a eompanson of bb8cEaunts prèaented yfflth thoae reco$. 11 indude$ eonsldeialion oF?ny unusuAI itèms ordi$)sutBS in the EKCnIS. and 5È0r eW3nabons from you as Iru$t8ES COMmIng any mattBrs. picuduras undertaken do not pro¥hl@51 th2 ewdenc8 thatId bo rnquired in an audrt artd nsequen#Y I do eeSsaaJrtOwn10n on thè vKwgNfjn bythè aetounts. IndEpèndeni Exarnin•r'• Stat•m¢nt In coThne¢bon my gxamination, no mattèr ha5 wmFtD my attention.. 11} whh gwes me reasonatrde ¢auseiD Wiève thatin ?Dy matsri4 reGpe¢tlh8 rO4rOm to ka8p unting re¢Nds In ac[danc&th Section 41 Act,. and to Pfepare aCetsuntswhi¢h accord wih reco$ and to Mmptywrth the al%¥ng m4ulr8mants of the Act havp nDt been m•t'. or 121 iOV4hith. in my opinicil. attention $0 L* drAwn In ordwlo Fn8tlEA pmperunderstsDding 01 tho o¢cwnlsto b ned Date
HKJh Wycombe Methodist Circuit Statement of Financial ActivSties (SOFA) for the year ended 31 August 2020 Circurt No 23127 Notes to Circutt Modol De6lgnat•d G•nHal Fund Trust Funds a¢¢ounts IUnre8trl¢tsdl Iunrestrlctodl lunrostrlcted) Reslri¢t•d Endowmwni Fund5 FuthLts Total 2019-20 Incom& 1 Donations and legarAe5 2 Income from monetary Invesiments 3 Income trom investment yopths 4 Assessments on Churthe5 S Capital Recèipts 6 Grants rec¥ved 7 Other¢hanble Irumè 8 Total inwm• Expenditur¥ 9 Grants d(atiONS 10 S818nes and assotyaled costs 11 Property mainknance 12 Conrtxional assessment & modd ItU61 13 thsirict Assessment & Le 14 Depreci8tson 15 Office apense5 16 Othtrr outgoing5 17 Total ¢harltabbo expenditur• 18 Gainslllos5esl on monetary investment8 19 Gainsll1ossesl on Investrnem propertye5 20 Net inrDmollexpenditurg1 21 Transfer5 betrhen tynds 22 Other gainslllossesl 23 Net mov•rt In funds 24Totsi funds brou8htforward 25Totèl fundsrarrled forward 950 2,852 24 302 1efj,651 186,651 271.710 50. 271.740 50.666 38.386 276.6 8.470 8,47 24 SS9,739 13,228 149.792 69.838 30.000 43.228 149.792 69,838 51.863 6.317 180 1,630 10,136 296,117 1,6JO 18.685 341,353 8.470 8,470 24 36.371 -19,634 238,220 218.386 -19.834 87,390 67,556 2J8,220 203,430 441,650 218,386 343,649 $62.035 50,000 so.ooo 2.829 2,829
HvJh Wycombè MethCrtl1 Circull ClrcullNo 23127 Balance Sheet as at 31 August 2020 r1 Fund IUntrystrici41 Clnull Modpl Twsts Dè&lwai•d Fur Restrd Funth Tlt415 201WIO TOLI Fuhd& circurt M4Th8e5 S Equwtyrrt p &026.690 $.028.690 s,0.6 ,Q26,É90 Debto Lnts IM ClrcL4t 441, 444.480 141.$1 61.90B i.oD8 t8nlral FIr0rP¢arQ1Pe5lI ¢a&hal Banka Inhand Y,619 61. 156,$27 50.OQD 441.650 50.MD 2.029 ¢MdIlJldUe YWI Grants aWwtrin2018.19 TotslcurrèMtll•bUIW ruJMt)t•ss•tsAi•tsQJO 156,W 000 ,829 651.[ 441.650 oo 2,a25 56TI.696 alterrnore than one n15 after2016-19 Loansio mo Clrt tlet•ss•ts 3,183.216 441.650 so.000 2,¥29 3,677,696 GEnerdl Fmd UnreJtrth 3,1.21$ 441.650 I, D$nd Fund5IUAiè>c1 3M74867 Restncled ErrtJDwmenl 2.019 2,82 3.677,6* I%B3.216 441.6YJ 50.000 Stgned Circuit TasUrer