THE MEfHODIST CHURCH- HIGH WYCOMBE aRcurr ',f...k)fitsf5 I noil)3> CHARITY COMMISSION TRusfEES ANNUAL REPORT 2024 Sertlon B- Structure, fjovernance and Management 1 2¥ The Circuit is one of 19 Circuits in the Northampton DlstricL The Circult 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. tillJT e-.J¢'lE.- J 1 The Circuit has for many years adopted a safeguarding policy in respert 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. Suitsble training is arranged to support those holding office. Sertlon C- Obhctlves and Actlvitles Yn8,Yig0 gV• 97uJu4 The objects are set out In The Methodist Church Act 19761Clause 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)." Ingbi ?' i(0¥*' The Circuit provides advice, support and resources to the 8 Churches that fomi the Circuit and qoioq through them undertakes a range of rellglous activities for the benefit of the general ) iu ¢1 fliud public/mankind. Methodist Circuits are not defined as external grant making bodies. Surplus funds, both short temi and longer term are Invested with the Trustees for Methodist Church Purposes as required by Standing Orders. The majority of the work of the Clrcuit. other than that undertaken by ordalned mlnlsters and pald lay workers, is undertaken by voluntsry lay people. Sectlon D- Achlevements and Perforniance The Circuit has continued to support a wide range of activities undertaken by the Churches within the Circuit. Wesley and Marlow chapels have continued to live-stream their Sunday worship and this has allowed members to be part of the services wlthout being present and allowed other congre8ations to Join them in worship. We have also used recorded sermons to help chapels that have not had a preacher for their Sunday worship. This has all been assisted by the grants from Circuit fvnds given durin8 the pandemic to each chapel to improve audio-visual and st￿arning equipment where this was needed. One chapel closed at the end of August 2023. One minister left in August 2024. leaving the Superintendent and a probationer. The Circuit continues to look for areas of proven growth and where the￿ Is potential for development. The Circuit has continued to support lay workers in two churches and is now fvnding part time Circuit Adminlstrator in place of the previous post of the Superintendenvs PA. J8Afi,.)TrY Sectlon E- Hnandal Revlew The Circuit aims to maintain in a general fund at least three months routine expenditure to cover timing delay5 in receipt of funds. The other main fvnd is the Clrcuit Model Trust Fund (fom)erly known as the ￿rCuit Advance Fund) which is derived from the sale of redundant properties within the Circuit and its use is governed bv the purposes defined in Stsnding Orders. The Clrcuit ralses funds through the CSrcult assessment whlch Is contrlbutlons from all the Churches within the Circuit to meet the agreed budget for the year. The majority of the Circuiys expenditu￿ is related to the employment of staff and thelr associated accommodation etc. expenses plus a contribution to the costs of both the District and the Connexion colletted throu8h the District Assessment. Sectlon F- Future Development '¥i,' The Clrcult contlnues to seek an effectlve strategy for its future development and direction. In 2021- 2022 the Circult engaged in a review of activities under the banner of the Connexional God for All initiative, and by the end of the year all churches had reviewed their plans for the next twelve months. The clrcuit held a vlsion day In May 2024 which resulted in a plan to hire an outreach worker to support the churches in eth clrcult. The work Identified through these exercises will continue to be developed as a priority and appropriate financial plans developed to enable them to be taken forward overthe comin8 years both by the churches and the Circuit Leadershlp Team. Yx'i, 91rt:iA - ,,] 'N.i)-.qi.? r ,9rtW i,. r,.1 Jiii)yi. PJ Iii Oio ty* 44zo4zo04Q X fib TJ un ij tOG) 8 88. 11 llllllllll 1111 The IAethodlst Church - High Wycombe Circuit Staten￿t of Flnanclal Athil for the Year ended 31st August 2024 Total Funds 2023 Funds Fur*ts Funds INCOMING RESOURCES Circuit Assessmnts Manse Rental Income Grants Receivod Bank and Trust Internst Special Collections Sundry Income Total Inc¢)mlng r•sourc•s 149,6(Kl 149.6(M) 187,744 41,140 ,(¥JO 3,707 4.375 27 332.993 75.￿ 5,780 75.OCrfJ 5.780 934 40,214 328.168 40.214 327.234 934 RESOURCES EXPENDED Stipends. National Insuran￿ & PensK Lay Workèts & Supemuff￿r?ry District Assessment Manse repai￿ and maintsnarK• Travel Administration Quiquenni81 Inspect￿n8 Te￿phoneS and intern8t Training Pulprt supply and plans Grants and DOn•t￿n$ Property Costs Collection pa￿ over Remov81 costs Other exper￿￿U￿ Depreci8tlon 123.195 10.023 63,360 128.869 3,361 814 123,195 10.023 63.360 128.869 3.361 814 135,863 6,206 47.717 73.240 2,880 203 3.360 3.46S 348 2.917 437 2,917 437 45,321 934 934 4,375 4.137 2,017 2.632 Total rn¥ourcM •xpond•d 367,227 934 368,161 329,132 NEf INCOMING RESOURCES 139.9941 {39.9941 3,861 INCRWJE I (DECREASE) IN VALUE OF FUNOS Manse revaluation Model Trust Fund Other Trust Funds 253.847 1236 5941 1.441 253,847 1236 5941 1,441 155,6731 {105 8971 800 NET MOVEMENT IN FUNDS 121 300 FUNOS BROUGHT FORWARD 4,1))3.056 8.￿7 4,011.963 4,168,872 FUNDS CARRIED FORWARD 3.981,756 8,￿7 3,990.663 4.011, The IAethodht Church - High Wycombe Circuit Balanu Sheet at 31st August 2024 2024 2023 Tangibk FIX￿ Assets 3,893,762 3,639,915 Trustees for Methc*Ji8t Church Purposos Central FIr￿nCe Board HSBC CAF Bank Cash CAF Bank Gokl Stipends paid in advance Manse rental fees paKI in advance Sundry debtors Manse Refurbishments paKI in advance 32.919 61.382 2.244 23.920 2.803 7,030 268,072 91.755 11,622 20,025 10,176 4.024,060 4.047,910 Les• Curr•nt Uabllltl••: Circuit assessments prnpawj Manse Rental Income Accrued manse maintenance exwns88 Accnjed General Expenses Accrued Quinquennial costs Accrued SFocial ¢olbodkJn Sundry liabilrt 35,950 35.950 11,96 FINANCED BY: vnr￿trlGtsd FurKI•: Gener81 Fund Manse Fund Model Trust Fund 63,979 5 3,893.762 495 103.973 3.639,915 3.958.236 3.980,977 Other Funds Tiusl 17252 Chillon M?morlal TAMt Fund Trust 12975 Isale of Landl Fund Trust 20825 Alma Stevens bequest 2,829 6,711 21,770 32,424 30,983 TOTAL FUNDS 3.990,660 4,011.960 The Methodist Church - High Wycombe Clrculi Notes to th• Accounts for the year ended 31st August 2024 1. Accountl •) Ba•1• ol Kcounling EnObe51ts FRSSEI18ffxliv¥ 1 20151 b} V•lu•tlon ol Illanw• The manses v*med by th• CirrJJrt have valL￿d on bays ol the markat values of comFernWe wwrties siluated In thwr rtis￿live are8$, takirq ol yres dwing the as inthated by Th• NatI¢￿w￿J? Prb> Irthx. ¢1 DMlgn•tlon of FundB •cc¢xdlng to Ch•rlty L G￿ra1 Fund is an unre*rthJ Iw¥J The Chilton Morn￿81 Trust Fund is o Pwman*it The Trust Fund. Tw8t ISal8 ol L￿) FLVKJ. wvj ts Ama ￿ra￿r￿a•j fuTrJs. £75,CQO wo8 lak￿ from th8 Nk#Jel Trtrfl FLThJ. lo hlp IM ci 24 2023 Balanc• ￿￿jht ftmrtl Int•r•st T•￿ved (not of TMCP Net prwds of ol Fyopwties 237,089 6,510 342,986 7.077 Cirojit. Any Purpc* Prcf¢rty. 37 orch￿ Les8 Distnct Le¥y Bal8nco Carried Fo￿• -75.IXKI -158,750 -9,354 495 .16.974 237,089 2023 •) Chllton M•m0￿￿1 Tn*t 172S2 {￿n￿￿n¢ •ndty*n Baignco Ixought lelwayd Int¢r•st crndrted (net ol TMCP Interest paid to Cwujit 8al•nc• c•rTl•d forw•rd 2,829 142 -142 2.832 82 -65 2.829 bl Tru•t 12975 I￿1• ol land> IUnr••trkt•d) B818￿0 Wht f￿Hnl Interest credited {n81 ol TMCP dwp•l 327 Balance ¢•wrl•d lorw•Yd 6.711 Trust 12975 rewtted from thè oflgnd ty the ljrmw EThJ klebwist Church Fcknng the dOSu￿ of the Church. the Trust was to aTrJ taptsl is a¥aiL¥b￿ to ts car￿it as laKI dcNm in stsrkjirw rydws. 6.203 181 6.384 cl Tru•t 20825 Alm• Ste••rA *u••t Iunrntric Balart• brwht fOrn8r￿pi￿I Trnr￿rn￿ Interest Nedrted Inot of TMCP r*w99 Inter8st pak1 to Circuit 21.770 1.114 21.151 619 21,770 Trust 20825 was a tr￿u¢$t 10 NaFkniTr meth(￿ Clwrch. Fdkn*vvJ of the in Juty 2018 The Mèthodlst Church - High Wycombe Clrcuit Not88 to the Accounts for the year ended 31st August 2024 Ible Flxed X124 2023 8018￿ fo￿￿rd 3,639.915 3.695,588 IncreaselDecre83e in 253,847 -55,673 Balan¢• carrl•d forwrd 3.893,762 3,639.915 The value of foyr of the manses ovm8d by the circuit was revaIL￿1 u$irvJ the N•￿nWIJe House prir* index for August as in Pr￿￿￿5 yeats. The year on year charNJe was +2.4% Tho oth8r manses ￿re valued by g Des*Jnated Advisor IOARI as part of a salè process ndsu rnumora vthcAn the Circuit wj. 7. Manso Rontal Incom A furthwgrnnt of£2.250 was F]¥k**ll Hoath y(%￿ F￿1•8 Workw, • gwt of£3,250 This year the￿ w8s 3ub3tsntial tsxpenditure cm 81 98 Ro•J. wTrxMits¥J to of Iho Mana mak• th￿ Lxffipgrablg. 81•1¥ of Ex*ffAn•f• R•wt Ind•p•nd•nt Ex•mln•f• sts*m•nt I￿ rKX m6t.' LY g&711 fv£ %￿yE￿ kvky G<6