THE METHODIST CHURCH
SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT AND ACCOUNTS
for the year ended 31 August 2024
Regist•red Charity number 1139091

SHROPSHIRE & MARCHES METHODIST CIRCUIT
coNTE￿rS
Pag
Admlni5tratlve knformation
Twstees, Annual Report
10.
Stalement of Trustees, Responsibilities
11.
Auditor's Report
14.
Statemenl of Flnanclal Acllvitks
15.
cornpar*￿e Slalement of Flnandal ActlvM*s
Balance Sheet
17.
Cash Flow Statement
18.
Notes to the FinafKial Statements

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
ADMINISTrATIVE INFORMATION
Regislered Chwity Reglstr8lion number
1139091
Presbyters
Hall. Rev'd. H Richard -
Arnold. Rewd Paul -
Cooper, Revd Shalome M ""
Hargreaves, Rev'd Denise (from 1.9.23)
Heinz, Rwd Geotge
Hides, Revd Roger (until 31.8.24)
Skitt, Rev'd Julia""
Summers Rerfd P (frorn 31.8.24}
Wlndsor- Hide5, Deacon S. (until 31.8.24)
Woodley, Deacon G. Ca
Circuit Stewards
Davks. Mrs A
Davies. Mrs Lynn8 (until 31.724)
Evans. Mrs N C"
Gwalkin. John B
Hallworth. B
Hamllton- Fo￿. R W (until 31.7.24)
Harlingion. David ' (until 24.8.24)
Knowles. Mr5 V A".
Threadgold, A (from 30.8.24}
Clrcult Treasurer
Eccleshall, Mr David '
Other Trustees
BaGhe, Mrs J
Bajllss. G Mr
Birch. Mrs Jean (from 30.1.24)
Blseker, Rev'd Frances C
Blanchard. Mr J.
Bradley Ms Lynne
Brlohlwell, N Mr
Burnham, Mr Paul
Carfv4Tight, kn G
Chesworth. Rev'd J
Chldlow, Mlss J
Cockayne, Mrs A C
curtis. Mrs Christlne A (until 7.4.24)
Curtis. Mr David (until 7.4.24)
Davies. Mrs Dorothy
Dorsett. Mrs J
Dutton Mr A D
Dutton. Mr David C.
Edlinglon. Mr Kerfh
E6war(Is. Mr5 P A
Faulkner. MT5 Chrlstine
Finnigan. Mr R (until 8.7.24)
Gibbon. Mrs J P
Gilbride Mrs Linda
Gwalkin, Mr David B
Gwatkin, Mrs Jean
Hallworth. Mr Michael J.
Harmer, Mr Philip W
Harrlson-Koring Mrs R
Heyes, Mrs Zena
Haward, Mrs Cherry
Heard. Mr N￿hOlaS
Heard, Mrs Susa
HolEoway. Mrs E E (until 12.4.24)
HolL Mrs Heather M.
Huband, Rev'd. William
Jacks(￿, Mrs June
Jenrbings, Mr C P
Johnson. Mr Paul
Jones. Mrs Dilys
Jones, Mr Haydn {dece8sed)
Jones, Mi J C
Jones, Mrs Sylvia M
Kennett, Mr Christopher
Kennett. Mrs IAary
Ksnick. Mrs R Y
Knlght, Mrs E R
Knight, Mr M
LammFe. Mrs Susan
L8ighton, Mrs Vl¢toria
Lewis, Mrs E A
Lewis, Mrs Sandra M
Littlehales, Ms V J
Maclnally, Rev'd S
Maskell, Mrs Ruth
Malhews, Miss Susan -
Moores, Mrs L
Morrison. Mrs Patrlcla
Norris, Mrs Beth A (until 19.3.24)
O'connell. Ms S
lknn& Mrs Lynne P
Pthrd Rev'd D
Pilchford Miss L M
Price. Miss Heather G.
Pritchard. Mrs Catherine M
Priichard. Mrs E
Rees. Miss M
Richardson. Rev'd Neil
Roberts. hlr Barry
Roberts, Mrs Doris
Salmon. Mrs H H
Schofield, Mlss J
Sheehy. Mrs V
s￿pherd. Mrs HeathBr
Smith, Davld Mr
Snow. Mrs Beryl
Taylor. Mr8 S
Thomas, Mr Slephen
Thomas, Mrs Vivienne
TIKeadgold, Mrs A (from 30.8.24}
Turner. Mrs M C
Vaughan. Mrs Ju(5iih { from 28.7.24)

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Watt5, Mrs H E {unllt 24.8.24)
Weller. Mr8 Olwen
White Mr Henry E G
Wilford, Mrs B
Wllllams, Mr Adrian J"
Wllllams, Mr8 Jean
William8. Mrs Jo>re
Williams, Mr$ S E
Wllson, Mrs J
Wlse, Mrs Barbara
Wood. Mr5 Margaret O.
Wright Mr& E Margarel
Wrlghl Mrs M
Tru8tft￿ appolnted aft•r 31 August 2Iy24
Evans, Mrs E J (from 11.9.24)
Shropshlre and Marches Methodist CircvlL
The Methodist Centre, LansthMry* Road,
Bay51on Hill, Shrew8bury. SY3 twz
Governing
Do¢ument
Deed of Unlon (1932) and Methodlst Church Act (1976)
The cIr￿St 18 the prlmary unlt wrfthln the Method5st Church In which Local churc￿ express and
experlence thelr Irtsr¢onn8xlon In the Body of ChrlsL for purposes of mlsslon, muiual enc￿Uragernen1
and help. It Ss constituted in accordance wlth Slandlry Orders set down In the Consljtullonal Practlce &
Discipline of the Methodlst Church IC P D] that is UFKlaled eath year by the Method18t CoTrference. The
full C P D is 8vallable to view on the mal￿dISt Chwch website via thè folowln9 Ilnk.
htyJlwww.melhodist.org.ukffor<hurcheslgovemancelcpd.
The Clrcuit Meetlng Is the appointed authority for the management of the Clrcult and ils con8tilulion and
composition 1$ dSct8ted by the terms latd dO￿Tr In Standing Orders wFthln the C P D. The bas￿ on wh
ChuTches Bre represented by Tru$lee8 Is there too and the process ensures that each has a voice. The
meefjrvJ Is chalred by the Superlnlendent Minister who is effe¢tively tha Chlef Exacutlve Officer of the
Clrcull. The basis of declslon maklng within the Cir￿lt Meetlng Is set down within the C P D. The day to
day operatlon ol the Circuh Is delegated to an Execut￿6 Commlttee vthlch Is also chalred by the
SuperfnterKlent Mlnlster. Thls Commlttee is eonstiiuled in a way that allows repre8entatlon from
Presbyleral and Lay indlvkluels who are also drawn from across th8 c￿(￿11t geographically. The mem￿r5
of this Commtttee have been Klenllfiad In tM lisl of Tn￿e8$ that appears earlier in Ihts document.
Shwld advke and guldan¢e ￿ required this is available within the Connexlonal structure of the Methodist
Church either from the Wolverhampton & Shrewsbury Dlstflct or from the eentral Connexlonal Offices
Offtials. Where It Is appropriate and necessary ￿ference Is made to qualffied Professlonals. Flnanclal
and legal guldance Is, where required, also available from th8 Central Finance Bowd of Ihe Methodlst
Clwrth and tho Trusi•es for Methodlst Church ￿rpOseS.

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
REPORT OF THE TRUSTEES
The trustees present their annual report and financial statements for the charity fi)r the year ended 31 st
August 2024. The financi81 statements have been prepared in accoTdance wllh the accounting policies
set out in note 1 to the accounts and comply wilh the charity's trust deed, the Charities Act 2011 and
'Accounting and Reporting by Charities: Slatement of Recommended PraGtiGe applicable to charities
preparing theif awounls in accordance wlth the Financial Reporting Standard epplbcable In the UK and
Republic of Ireland (FRS102)" (as atnended for accounting periods commencing from 1 January 2019).
STRUCTURE GOVERNANCE AND MANA
MEMT
Shropshire & Marches Methodist Ctrcuit s an unlncorporaled charity, registered with the Charlty
Commission.
Trustees are not'recruiled, in the generally accepted sense. They are appointed to the Cffcuit Meeling in
acGordance wth the requirements set down in the G P D. These indude the basis on whiGh each Church
15 represented at the Circuit Meeting. Whllst rK) formal tralnlng is in place the responsibilities of Trustees
undertaking the role is communlcated to them when they ar8 first appointed. They have access to The
Methodist Church webslte via https:IlwNThi.methodist.org.ukifor<hurchesloffice-holderslm8nagin
truslees. This sile Is updated regularly.
In additlon Trustees are able to vlew varFOUS Charty Commlssion documents through the foHowlng links:
https:IlvMbii.gov.ukJgovernMenVpubll¢ationslthe￿e$seThl1aI4rustee-what-yoU-need-tO-kn0wlc3hh9-
essentlal-trustefrwhal-you-need-tO-know-what-y)u-need-Io-
do & htipS:Ilww.ch8ritygovemance￿de.o@en
OBJECTS OF THE CHARITY
The purposes of the Methodlst Church are and shall be deerned to haye been slnc8 the date of Union the
advancement of -
(a)
the Chrl8tian faith In 8cwrdance wrth the do¢trlnal slandarils and Ihe discipline of thg M?Ihodist
any charitable purpose for tho lime belng of Sny Connexlonal, ¢Jislrict, clrcuil, lo¢al or other
organlsation of Ihe Methodist Chwch '
any charitable purpose for the time being of any society or Inslitution subsidiary or anci118ry io the
Melhodlst Church '
(d)
any purpose for the lime being of any Charity being a charlty subsidlary or anclllary to the
Methodist Church.
(b)
{¢)
EVIEW OF
In des(gning and monitoring Ihe Charity's activities, the Trustees have paid due regard to Ihe Charity
Commission's guidance on public benefit. The revlew of activities in the following sectiorns dernonstrates
how Ihe Charity has provided benefit directly to the individual churches in the Circuit and thereby to Ihe
congregatlons of those churGh8S and other sections of the community in the area.
Goneral Revlaw
The accounts presented in this Annual Report ar8 very indicative of the challenging circumstances faced
by Shropshire and Marches Melhodlst Circuii. In common wlh many other religious and voluntsry
organisations. we are facing some very challenging cultural shtfts in our soclety, further exacerbaled by
the effecls of the COVID-19 pandemic and the subsequent C4)st of living crisis. W8 cannot expect to be
immune from th8 change5 that these shifts are bringing. not leasl the decline in regular attendance al
Chrisllan wor6hlp In Britgin. However, the ac¢ounts are not whole story. We remain coftvirKed that
the Chrisllan gospel is of value tc our culture and we wlll continue lo seek new ways of sharing Ihat 9ospel
in the ¢ommunltles wherè we operate.
Shropshlre 2nd Marches continues lo be the larg88t CKcuit wlthln tho Wolverh8rnplon & Shr8wsbury
District of the Methodlst Church In Brltain. coverln9 one Ihlrd of Its geographical area. fher8 are over 50

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Methodi8t congregations gathered under the Ctrcult umbrella and thls gWraphI￿r diversity provides
opportunty and coThplexlty. There can be no doubt thal the Met1￿di8ts of Shropshffe and marc1￿$ have
been stronger together. Our combined numbers and firk3rKial re80ur¢ss have enabled us to maintsln 8
Christian wllness in scatlered wral communilies thatwould have been Impos8ble ol*wwlse. On the otPRr
hand. it Is r￿t alwayB easy for a small ¢ongregatlon at one ènd of the cir(￿lt to trove In mlnd the sliualion
of other congregations Ylhich might be more than So mlle$ from tktEfS. Thls has been mltwed by recent
tixpernn￿ of meeting electronlcally. but nOr￿theleSS li cortinues to be an issue.
Ttft local churche5 continue tr) provide programmes of worshlp. p8sloral care and cornmunfty Involvemenl
undet the lèadership of Ministers. lay employees and local Church TNstees.
rcuit Staff
Rev Denlse H*greaves Jolned the Circuit in Seplember 2023 from the Gloueestershlre Clrcutt. Her rural
exp8rience in Ihe Forest of Dean has been appreclated as 8he sottle8 In the Ludow area. The
appoinlment of Mr. Andrew Skiit to coordinate the work of th¢'Methodist Mobile Outr•ath" {'Memo") was
noted In the lasl Annual Report. Thls WOTk was formally laun¢t*d In September 2023 and durkng Ihe
course of the year the trailer has been laken to a variety of rural shows and evertsi predornIn￿ but not
exdu8lvdy in Ihe northem part of Ihe Clr¢ul. Th5$ mlgsion Is a modern lake tho kirKI of evaThJellsm
that V￿Uld have been familiar to the Methodist peopk of formw tlmes, not rel￿rn9 on bulldlrYJs but golng
to ￿ere people are. The traller provides a srnall, Mlkequlpped meeting space that can be used lor
varlety of dlfferent purposes and ev8nts.
The Superintendent Mlnister exercises leadershlp for ts whole Circuit working *ith In a
collaborative ministy. H6 ov¢rs¢es the wkler wwk of the Circuit by chairing meetlng8 8(*088 Ihe Circuil
and instigating gattBrfngs for cOr￿Ullation, trainhg and fellowship for the wlM)le steff ar#1 leadeTshlp.
Respondlng to ¢hang¢
DurtNJ the year, the Circurl committod Ihe churches in Shropshire and Marches to come into full
ccvnpliance vlth wr Standlng Orders In terms of M1￿muM size. By September 2024 most have been able
to achleve thls. Dectslons about how lo respond to the few who have not ￿11 b8 lakefi dwin9 th8 first part
of the current year.
We have continued to offer a weekty onllne vffjrship experlence and thls has Ixcaslorkglty been used by
local church8s lo supplement the preachlrvJ plan. This WHI bernme Inry¢aslngly Irnprta￿ ff the number
¢f avalab16 praachars continues lo decline through age and infirnity. However, we contirwe to slruggle
wilh technic81 issues, some of which are be)￿nd our contrd. The avalablltty of mobile internet in some
ral areas is a major hurdle lo progress. Many meetirwJ$ would formefly have been held onty "in
person. are now bolng hekl on ts Zoom plafform, tw)th for the sake of widenlng partlclpatlon and
decreaslng the carbon footprlnt of the Ctrculvs 8CtlvlUe8.
We continue to face the signifrAnt demogrnphic chalthge of being an ageiThJ communty in thinty spread
rur81 areas. But demOornphl￿ are not Ito full story any more than ow a¢cwnts ￿. New patterns of
mknlsty- e.g Ihe team approach b8lrKJ mrthlled In Ihe Tr)rth of the Circuli- and n8w models of church
wlll ￿1P us to address thls challenm but we know that we cannol organ188 or manage our way out of
these diffKaJlt eAr¢umstancès. We Are miidful of the dulles 8fKI responsiblltties which are determir￿d by
our role as trustees of a charltable body.
But ourfijndamental convlctlon Is that the Vll￿k of G(xJ depend8 upon INS grasx and hls strength, rnt ours.
We are Ilvlng In a tlme when following call of God is Th)1 easy. So be il. We (xynmlt ourselves to hls
servl¢e and trusl in his faithfulness.
FNANCIAL R
PORT
The overall posltlon reveals a net def￿11 of£221.$87 and Ihis shorttall has been Covered bytr8nsfers from
the Circul Model Trust Fund of £ 223,8XI.

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Income from Churches by way of assessmentwas only e 20/0 short of the budg8t but translers from ClreuS1
Model Trust Fund were somewhal more than budgeled principally to cover costs incurred ill conneciion
with properties in the course of being sord. The amounts Involved will be recovered from the net proceeds
of saè.
Clrcuit Modèl Trust Fund.
The fund has benefited from the disposal of seven Properties during the ye8r. The nel pr(Keeds am(iunted
to c £ 1.1 m from whrch was deducted the Connexional L8Vy toialling £ 290.476. This left c £ 810.000
avallable to the Circult for Its ongoing work.
Tran5f8rs lotalling £ 223.850 have been made to the Clrcurt to cover certain sp￿lfiC costs and to provide
general support. The annual District levy based on the balance held at the beglnning of the year has been
paid £21.469 (2023 - £22.616). This payrnent is our direct contribulion to Ihe V￿rk of the District and is
used wlth allotted Connextonal funds to provide grant support to Churches and Circuits within the District
for approved projects. This Circuit received no grants during ts year frorn the DislriGt12023- £ 12,850).
A payment of £ 20.OQQ {2023-£10.000) has bo￿ rnade to th8 Distrld as a contrlbulion tothe employinent
Costs of the Distrtct Agricultural Chaplain who is b2sed within Ibe Circuit.
Grants made avallable to Churches are specified in Note 10 of thè Accounts.
The dosing value of £ 956,337 Is held as a reserve for the future work and dgvelopment of the Circuik as
indrate(i In the Resen4e Pollcy Statempnl.
Endowmert Funds.
Only minlmal aclivity has occurred on these funds dLtring the year In accordance with the inbullt
restrrtions
Over
Although the urKlérlying financial posltlon remalns sound, It ¢onlinues lo be necessary to support the
ongoing work of the Circuit frorn reserves. The challenge of balancing the cost of provldlng MTnisterial
leadership across Such a wide geographical are8 ￿rythin which are many small chapels aNJ churches is
immense. Fresh approaches sre con8tsntly being consldered and ImplemeDled where potenlial is
Identrf￿d.
It Is the case that all our Cfwrches find il increasingly more difficull to balance their books.
Propertie5 - Manses and Tedundant Churches - continue lo be sold as opportunities arise and the
proceeds provide Ihe wherewithal lo mainlain a 5ignrficant involvement in the malnly rural communities
that make up the Circuit.
Executiv8 Committee is Gonstanlly aware of the need to manag8 the financial posilion in a posilive but
careful manner thus seeking to ensure that the future wwk of this Method￿1 Church is nctyt in doubt.
Our aim 15 twofold:
To secure and sustain the CKcuit's viability and fijture.
To gNe reassurance to the general publi¢ thal the Circuil, thich is a charlty, intends to use all of
Ihe money coming into Its care for the purposes of the charlty.

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
PROCESS
Ml$$lon Poll
A revised Mission Policy wa$ approved by the ClrGuIt fvleellry on 20 June 2022. It reads as follo￿.
'Our mission Is to love the Lord our God wllh all our heart, soul aTKI mlnd. and lo love our nei9hbour as
oursefve5 by the poww of the Holy Spbtt In our large arKI Yural communSty.
Wth God's ￿[p w• ain to:
b8 av￿re of tl* diFfering needs of all our corvJre9atlons and be prepared to adapt In order to offer
mutual rxjrture and support
b8 aware of the r*eds of our Mulisters. Lay workers and Local preachers encourage them In
thdr callirwJ and mlsslon
be avrdre of the needs of our kKal neighbourhoods and be wltnesses for Jesus Christ wittrlln them
ac￿p1 our tesponsibllity towards Ihe natural wurtd by c(msciously caring for God's creatkx)
be v¢)cal In our ry)mmilmenl to irKausivity, en8urtrKJ ourthurches are places kn all arewelcomo
regardless of gender. race. sexuallty, or any olher issue ￿h1¢h mlghl be CA)nsldered a barrler
So that￿* may u￿te as a Circult in enabllng the rnhlp of God, and be a loving, effethe and corotsnliy
evolving Methodtst presence in our communities.,
Flnan¢lal Plan8.
The Cknuit Assessment requlred to be paid by the irnlmdual Churches Is revlewed annualy and
the income generated covers a good proportkni of the costs of the Cirojil. The contribution made
by 88ch clmjrch is arrived at by having regard to the overall slzfr of fts membership and its abilty
to pay.
We make Fyovision for g propety m8intenance programme for tl* Nlansès ortupled by Ihè
Mlnlster5 by deslgn811ng a sum agreed by the CircuEt Meetlr¥J exh year for th[8 purpose. We also
have regard lo the longer temi rttd arising frThn lotsl Inspectlons and Qulwuennial reports and
wher8 nec&8sary provide additKin81 funds for these identified purposes.
Circuh Fund (Unrèstrlcied General Fund). Balance at the ￿ren￿ exduding property and
plant & machknery wa5 £534.112 altlK)ugh Ihis balance does includo c £175,000 proceeds from
a Pro￿Tty sale that IB held in suspense at the moment tsee Note 21]. UrKler Standng Orders Ihe
cir￿11 must meet its flnandal obligatlons in relatbn lo the support of #s Minlsters and Ihe
malntenance of the manses. Total costs for Ihe188t fina￿la1 >*ar we in the region of £700.000.
Thg Reserves Policy is lo hold equr¥alent of at least six rnonlhs, expenditure In hand l.e.
£ 380.00tr 80 present fwre maets that crilerlon.
Wllhln Ihe cIr￿&t there are a large number of smaller Churches many of vthom we Strug￿1ng to
meet their financial O￿l98t10nS IndudSng thelr commitment lo ￿lfCUlt finances. This sltuatlon
klaces ¢ontirnlng pressure on the Circult and. as Y6 evklent from ￿ Accounts a Pjubslantlal
transfer tias b8en r8quirad from reserves again to counter an opwating shoruall. This position Is
conslantly under revlew.

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
Ire
It Model Trust Fund
The value al Ihe yearend was £ 966,337 (2023: £ 404,717). This fund derives from sales of ¢hur¢hes and
chapels and other property and whereas this used lo be a restrfcted fund it is now unreslricted, Although
the fund can be used for a vadety of purposes there are guidelinès set down by the Connexion that need
lo be respected as well as the principles agreed by the Circuit Me8tlng.
Reserves Pg11
Our Reserves Policy relates to our general (unrestricted) funds which are ffeely available to be uséd for
any or 811 of the wrposes of the Circuit.
Other funds are also Included for the sake of clarity and openness and to show Ihat the Circuit has a
policy fly the management of all its money not simply those which are defined as reserves.
Th8 Charlty Commission has agreed that It is appropriate for the Truslees to sel a policy for the
management ol Ihls fund and that poll¢y is sel out below:
A propordon of the rnoney held in the CMTF has been earm8rked by the Tnjstees for the fdlowlng
purposes..
Contributlon to the eMplo￿ent costs of lay employees within the Circull of £ 51,250 for 2024125.
General sUPPOrt of Cirwit actlvities whilst it continues lis ongoing review of Ihe way in whith its
presbyiers, lay workers and members pursue Its mlsslon FM)Ilcy. £200.000 is th8 budgete¢ amount
for 2024125 with a continuing recognition that support at this 18vel and beyond canr￿t be
suslained indefinltely.
Circuit Meeting has F*ovided fin8ncial supporl lo the Dl8lri¢l for a number of years as
conlributlon towards the employment costs of Ihe Agricultural Chaplalncy. A contrlbution of £
20.000 has been made in 2023124 and a commltment (agreed by Clrcult Meeting) is in place lo
Increase this in line wlth infflation In 2024125. In principle support in 2025126 Is expecled lo be
upraled in line wilh inflalion but with a review belng undertaken early in 2025 to consider Ihe
future fundir¥J posilion wlth all the relevant parlners.
Support for projects wlthin Individual churches - whether for property schemes or lor mission -
based on the principle that only 100A of cosl PMII be PTovided by Ihe Circuit in the normal Course
but18rger arnounls can be made available dependent upon the project detslls and Ihe underlying
objecllves.
The balance 15 maintalned to support the Clrcuil in achieving Its objedives.
SESSMENT
CMT
The Trustees acknowledge Ihal there are areas of Risk within the Clrcuit. the principal ones belng ?s
follobv5:
Flnan¢lal Po8ftlon
The CiKull continu8S to operate with a si¢Jnrficant shorifall Ih8t is
counterbalanced by transfers from reserves. These are bo18tered from lime to Ilme byihe dlspogal
of churthes and ¢hapels that have ceased to meet for worship and so have closed. At the end of
the financial year there were 51 places of vll)rship wlthin the Clrcuit and of these 19 have less
than 12 members.
The majority are under increaslng finan¢lal pressure and so thelr conlribution lo the Circuil
finan¢es Is precartously balanced especlally in the currenl dlfficull economic climate. It is also the
case that the age profile of the membership is in¢reasing and this accelerates the existenli818nd
financial vulnerablllly However, each Qf the Churcheslchapels has a value and so when dosed
each of them realises at least a modest sum whlch t8nds to replenish reserves. As has been said
many tlmes before, such a pollcy cannot be sustalned over the long temi. The members of the
Executive Committe8 are constantly aware of this and continue to seek a solutlon thal could be
the basis of grovrth In the future. Clrcull Trustees have met during the year to disats6 this

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
particular concern and the Execuli%e Committee Is charged with puttlrg together a coordinated
plan f(Y ￿nsId8￿d￿0n by Ihe Ciniit Meeti￿.
Property- Directly. the Circul includes vrilhin its Annual Armunts the properties occupled by Its
Ministers even though Ihe tltte is actually vested In the Trustees for M8lhodlst c￿rCh Purposes.
When Churches'cease to meef i.e.do not open for worship, responsibllity for thek maintenance
reverts to the Circuit wtrthsl afratvJements are made for the property lo be sold. Whlst aknys
suscepiA)k to the movement in the domestK property market. it is envbaged that iho ma]￿lty of
operties'owned. vnll not be disposed of in the foreseeablefuture and so Ihe riskof loss of capital
is not considered lo be grèat.
S8feguaTdlng - The alm of Methodlst Church Safeguardlng pollcy is 'to ¢r* Chrlsllan
communltles of love and care, where good praclic8 in Ihis area become8 a way of life.. A
handbook is made 8¥ailab18 lo each Church arKI Informalion Is dlsseminated through Di8trict8
and ¢t￿lts vla tralnlng and publlc@tlons. Each Church has a nomlnaled Safeguardlng Offker
and a pollcy agreed by Its Clwrth Courdl. The Clrcuit has responslblllty for ￿leW of the
Churches ￿lIhIn tts area.
K•y po8itlor*-Within the cIr￿li thor£ are key posltlor6 he￿ by lay inembers of the Methodlst
Church ￿0 act on a Vol￿t￿ unpald basis. Principal among these are CY¢uil Slewards who
represent different geographical parts of the Circuit. a team d people who are responthle for
overseeing all matters in conneclion wkn Clnwit propaty and the Circuil Treasurer who 18
￿￿ountable lo the ClrcuSt Meellng Twstees for all financlal matters rel8llng to the Circuil. The
Executive Commill88 ts aware of Ihe dangers of having too much relian￿ on any one indlvldual
eilher for a s￿nIf￿nI part of the work or for a period that is unreasonably lo￿. The Methcxylst
Church policy is thal In the normal course no offKer should occupy a fty mor8 than six years
and so successlon is an Issue lxnstan￿Y urKler aThJ discusswjn.
End¢)wment Funds.
Al Ihe year end the following was the balan￿ on these furKIs:
EndowTnenl Funds. Indudlng TnK8ts domlctled wlth Trustees for Methodis1 Church Purposes
£3.278 <2023." £3,043).
The income arlsing on these furrfls and the capllal involved Is available only for the various pjrposes
originally desigftaled.

SHROPSHIRE & MARCHES METHODIST CIRCUIT
ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT OF TRUSTEES. RESPOfrISIBILITIES:
The Ifustees are responslble for p￿paring the Twstees, Report and the flnancial statements In
arKordance with applicable law and United Kingdom Accounting Standards including Flnanaa Reporiing
Standard 102: The Financial Reporting Stsndard appIl￿ble in the UK and Republlc of Irel￿d (United
KIn￿10M Generslly ALYepted Accounling Pract1￿}.
The law applicable to charities in Erylarnj & W81es requlres Ihe trustees lo prepare financial statements
for each financial year which give a true arKI fair view of the stale of affairs of Ihe chwity and of the
In(x)mlng resources and appIl￿tion of resources of the charty for that yèar.
In preparlng these flnancial statemenls, Ihe Inistees are requyed to:
Select suitable aG¢wntsng polic*JS and apply Ihem consislently:
observe the meihots and prindples in the Charlues SORP:
make jud9ments and accountlng estlmates that are reasorpble and prudent.
slate whether applicable accotmting stsr)dards have been followed, subject to any material
departures disclosed and expialned in the flnancl81 ststem8nts. and
prepare the fjnanclel statements on the going concern b8Si5 unless It Is Inapproprlate to presume
th81 the ch8rly vkll ¢ontlnue In operation.
The trustees are responsible for maintaining proper accounllng records which disclose wlth reasonable
accuracy at any tlme the finandal positlon of th8 charlty arKI enable Ihem lo enswe thal the financlal
stat8ments comtAy with the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and
the provigions of the trust deetJl¢onstitulton. They are also reS￿nSIble for safeguarding the assets of Ihe
rty and hence lor taking reasonable steps kn Ihe prev8ntk>n and deteGlion of fr8u¢ and olher
I￿egUlarIties.
The trustees. report was approved by the Board of Trustees.
Rgv H Rlchard Hall
SupoTlntendent Mlnlster
)"b>
io

INDEPENDENT AUDITORS, REPORT TO THE
TRUSTEES OF SHROPSHIRE & MARCHES METHODIST CIRCUIT
IN RESPECT OF THE YEAR TO 31 AUGUST 2024
Oplnlon
We have audited the financial statements of Shropshlre & Marches Methodisl Circuit (the °Charlty") for
Ihe yEar ended 31 Augu312024 whlch comprlse Ihe Statement of Financlal Actlyllles, the Balance
sheet. the Slatemenl of Cash ftows and the notes lo the financial slatemenls IncludlrvJ a sumrnary of
sIgnif￿an{ accounting policies. The finandal reportlro framework thal has teen applled In tslr
eparatton 15 applicable law and Uniled Kingdom ACcC￿tIr¥a Standards. Incluthng Financial Reporting
Standard 102: The Fln8nci81 Reporting Standard app1[￿ble in UK and Republic of Ireland {Unlted
Kingdom Generally Ac£epted Accwnting l>ractice).
In our oplnlon. Ihe fln8nclal stalements:
glve a true 8￿1 fair vi8w of Ihe state of Charity's afPaits as at 31 August 2024 and of its
Incomlng resources and 8ppli¢ation of r860urces the year then ended:
have be8n prcyerly prepared in a[￿rdan￿ wlth Unlted Ktrylom Generally Accepted
Ac¢ounting Pracaic8;
have been prepared In accordance with the requirements of the Chari118s Act 2011.
Baslg for oplnlon
We conducte(l our audli In accordan￿ wlth International StsndaTds on Audllln9 (UK) (ISAS {UK)) and
applkable law. Our responsibiliti8s under those standards are further desctl)ed in the Audilofs
Tesponsil)ilitles for audit of the financial statanents sectlon of our rewt. We are Independenl of the
Chty in accordance with the ethical requlrements that are relevant lo our audlt of the finandal
stalements in the Uys including the FRC'S Ethical Standard, and we have fulfilled othèr athkal
responslbilitles In a¢¢orden￿ wilh t1￿80 requlremonts. We belleve that the audlt evklence we have
obtatned suffldenl and appropriate to provlde a basis for our oplnlon.
Conclusions relatln9 to golng concern
In audiling tho financial slatements, we have conduded that th8 trustees, use of the going cortarn basls
of accounting in the preparation of ￿ financial statements ts approprlate.
Based on the work we have perfornied. we have not Iderrttf￿d any ma￿181 urttrtalntle3 relating to eveTrts
(Y conditlons thal. irKllvidually or cOne￿V￿Y. may cast slgnificant doubl on the assqxaation's abilty lo
continue as a going (x)ncem for a perrod of at leasl months from when financial 51atements are
authorise(I for issue.
Our responsibilities and the reSPDrtslbllitle5 of the tru51ees with res￿ lo going concern are descrll)8d in
the relevant %clions of this rep(xt.
Other Inforniallon
The Irustees are responsible for Ihe other Infomiation. The other information comprises Ihe infmiiali(
induded in the annual report other than the financial statements and our auditorfs report thereon. I￿r
opinion on Ihe fwpncial statements does T￿t cnver Ihe other infrKmatiLM and we do not express any
form of aSSUr8r￿ CO￿l￿s1on thereon.
In connectlon th our audit of the financial slalem8nis, our responslblllty Is to read the other Infomiation
and, In doing so. consider whether Ihe otkEr inft)rmatlan Is rnaterial￿ inconsistent ￿ryth the finartial
Slatements or our kn(pAledge obtalned In the audil or olhervlse appw to be materlally mlsstated. If we
Idenbfy such material incons1s1￿5 or app8rent materkl mlsstatements. we are required to determine
¥¥fiethfjr there is 8 material misstatement in the financial statèments or a ma16rial mi$statèm•nl of the
other inlormatton. If, based on the work we have performed, we c¥)nclude that Ihore Is 8 mater181
mrsststement of thls other Infomiallon, we are requtred lo report that fact.
We have nothirvJ to report in this regard.

INDEPENDENT AUDITORS, REPORT TO THE
TRUSTEES OF SHROPSHIRE & MARCHES METHODIST CIRCUIT
IN RESPECT OF THE YEAR TO 31 AUGUST 2024
Matters on whl¢h we are r•qulr•d to roport by exc•pllon
We have nothlng to report In respect of the fdlowing matters kn re181lon to vthlch the Charltles {Accounts
and Reports) Regulatlons 2008 requlre us lo ￿POrt to 5￿Ul1 In our opinlon..
the information givén In the financ1￿ stalemer*ts Is inconslstent in any malerial respect with the
trustee5' report. or
sufficient accountlng record5 have not been kept", or
the financial statem8nls are not In agreement with the accountlng records; or
we have not received all the infomiatk)n and explanations we require for our audlt.
Resp¢)n8lbllities of tru8toes
As explained more fully in the statement of trustees. re5ponsfoilities. the trustees ar8 responsi￿6 for the
preparatton of the financial statements and for bel￿ satIs￿d that they give a true and fair view, and for
such internal control 8S they determlne is necessary to enable the preparation of ftnandal ststements
Ihat are free from material misstatement, whether due to fraud or error.
In preparing the fin?ncial statements. the trustees are responsible for 855essing the Charity's abllty to
CAJntinue as a golng Concern. dlsclosing, as applicable, matters related to going concem an¢J usirKJ the
golng concem basls of accounting unless Ihe truste95 either intend to cease operations, or have no
reallstlc altsrnatlve but to do 80.
Audltorfs respon$lbllltie8 for the audlt of the fknanclal statements
We have been appointed as auditor WKler section 144 of Ihe Charltl8s Act 2011 and report In accordance
with the Act and relevant regulations made or having effect Ihereunder.
Our objectlves are to obtaln reasonable assurance aboul whelher the financial ststements as a whole 8re
free frown material mlsstalemènl, whether due to fraud or error, and to issue an auditorfs ieport thot
includes our Dplnion. Reasonable assurance Is a high18vel of 8$sur8n¢e, bul Is not a gu8r8ntee that an
audit conducted in accordance wlh ISAS {Lll<) will always detett a material mlsstatement when it exlsts.
Misststements can arise from fraud or emr and are considered maleri81 rf, indfvlduallyor in Ihe aggregate,
Ihey could reasonabty be expected to Infvence the eC(￿ornIC decisipns of users tsk8n on the basb of
these financlal Siatements,
Irrngularltle•, includlng fraud, are Instances of non4offlplianc• wlth laws and regulatlons
We deslgn procedures in Ilne with our responsibS1tties, oullined 8bove, lo detect materfal misstatemeTrts
in respect of irregularltle5. including frdud. There were no ￿al or regulalory frameworks
Identified.
The extent to which our prowlures are capable of detecting irregu13ri1ies, including fraud is detailed
We gained an understanding of the legal and regulBtoryframework appllcable to the charity and the sector
in which il operates, and considered the rlsk of acts by the charlty that were contrary to app}i￿ble laws
and regulations. Including fraud.
We designed audit procedures to respond lo the risk. recogn5sing that the risk of not delectlng a materfal
misstatement due lo fraud is higher than the risk of not detecting one resulting fram error, as fraud may
involve deliberale concealment by. for example. forgery or Intentional misrepresentstions, or through
collusion.
We I￿￿ssed on laws end regulations Gould give rise to a materlal misstatement in the financial
statements, includlng. bul not Ilmited to, Charities Act 20114nd Accounting and Reporting by Charities
SORP: FRS 102. Our tests Included agreelng Ihe financial stslement disdosures to underlying wpportlng
documentatEon and enquiries wllh managemenl.
12

INDEPENDENT AUDITORS, REPORT TO THE
TRUSTEES OF SHROPSHIRE & MARCHES METHODIST CIRCUIT
IN RESPECT OF THE YEAR TO 31 AUGUST 2024
There are Inherent limitations in the audit wocedufes descri￿d above arK( the lurther removed non-
Corn￿lance with laws arnl regulations is from the evenls and transactiorts rellecled in the financial
stalements. the less Itkely we would become aware of it.
As In all our audils. we a150 8ddre55ed the risk of Management override of internal controls, including
tesling joumals and evaluating Nthelher Ihere was evldence of btss by tha truslees that rewesented a risk
of malerlal mlsslatement due to fraud.
We dtd not idenllfy any key audit malters rdati[￿ to irregular5tles, including fraLKb.
A further d8scription of our resp(Ktslbilities for the wdkl of the finanGial slatements is located on the
FinancBI Reporting Council's website al http:IlwMv.frc.org.uklauditorsresponsibllities. descriptton
fomis part of our audiiorfs reporL
Oth•r matt•rs
Your 8ttenth)n Is drawn to tIN8 fact t￿t the chwity has preparèd flnanclal stalements In acenrd8n￿ with
"A¢countlng and Reportin9 by Charltles: Stalement of Recommended Praclice applkable to charhles
preparlng thelr accounts In accordance wAh the Flnanclal R6po￿ng Standard applIcal￿e In the UK and
Republlc of Ireland {FRS 102). (as amended) in Pleferer￿a to iho AecwntirKJ and ReportirtyJ by Charities:
Statement of Recornmend8d Practke issued on 1 Aprll 2005 which is referred to in the exlant regulaljons
but has now been wthdra￿m.
Thls has been don8 In order for the financial statements to provKJe a true and fair view In accordance wlth
¢urrenl Generally Acceptsd Ar￿￿nI¥¥j Praciice.
U68 of our raport
This report is made solely to the charity's Irustees, as a body, in accordan￿ with part 4 of Ch*itles
(Accounts and Reports) Regulatlons 2008. Our auditworf( has been undwtsken so that we might stale to
the charIt￿S trust8es those matters we are requir￿1 to slate to tt*m in an audltora, retM)rt and for no other
purpose. To the fullest extent permitted by law. we do not accept or assume responsibilty to anyone other
than the charty and the charifyes trustees as a body, for Lwr audit for this rep(rt or for the c)pinivns
we have fiwmed.
g1,ILol
MRS STACEY LEA FCA
DYKE YAXLEY LIMrrED
CHARTERED ACCOUNTANTS
AND STATufoRY AUDITORS
1 BRASSEY ROAD
OLO POThS WAY
SHREWSBURY
SY3 7FA
13

SHROPSHIRE & MARCHES MEfHODIST CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024
G•ner81 Fund
(Unl￿trIct?d)
Irwlt Mfjdèl
Trnst Fund
IVnr•$lrithd)
R•8trl¢tÉd
Funds
Endowment
Fund5
Totals thls
year
Totsls
2￿￿j
Incom and endowments
6sesSmWrt or shar
Capi181 rec￿pts
Interest and Inveslmenl Intx)me
Grants
Letting8
other Incom8
Total Incom•
417.924
417.Y24
1,106,989
56,908
441,840
327.735
37.475
17,686
17.084
24.890
866,710
1.106.203
31.400
25,416
7225
37.922
489.273
7.225
1.137.603
1.626,968
ure on ch8rttablfy scllvili85
Sllpend5. salories. NIC &
Penslon costs
DistrlGt &sse$8ment
A(Imth, Telephon9 & fravel
INsurèr¢È. UlS151i&s elc
lAaInMon￿ on Manses
Exydliwe on ether Circu
property
oirwexpenditure
Crnnts and tKJnalions
Contrft)ultort io Llistrld Advance
Fund
Governance c051s
Deweciat
Total Ex
454,047
111.432
39.680
33,504
15,737
454,047
111,432
40.837
33.504
15,737
444.0)5
106,240
43,408
33.952
27,248
1.148
18,413
15.146
5.gCw)
ia.413
15,229
345.876
10.265
21.374
109,260
83
10
339.978
21.469
21.469
6.000
22.616
6.000
11,001
710
13
dituro
92
1072.545
Net Incomel
ex
b)dlture
221.587
775.010
553.423
ranSfe￿ between funLIs
walue movernent
Gains & losses on Invostments
(unrealls￿I)
Not Mov•m•nt in lund¥
223,850
13.14.17
1797.OCKII
315,(lJO
235
235
14,209
551.620
Recondllatlon ot Fund$
otsl lund5 brought fffivard
otsl funds ¢arrled foN4ard
Qt •nd of
404.717
4.491,305
4,243 519
4 4DI 305
14

SHROPSHIRE & MARCHES METHODIST CIRCUIT
COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
O•nefJl Fwd
Clr¢ult lkndel
Tr￿1 Ftmd
Fund¥
Assgssmnt or shwe
Capltal receipts
Int8T95t and Inv85tment Incom
441.840
502
18.144
17,686
17.084
24.890
520,1
441.840
327233
1&t37
37.475
17.686
LeMin9S
(Xlw Incorne
Tolal I￿A)m•
24.89D
860.710
246N70
Eyndllwe on clwitable 8ctlvilie8
salarfos. NIC &
Perrion costs
Dist￿1 866e6smert
Admin, T*phone & Tovel
lrnsurarte. Utllhle8 olc
Marrtonance on Manses
Ex[￿￿￿Ule on ijther
444.005
106240
42.207
33.952
27.248
106.240
43.408
1,IW2
27248
10265
21.289
27.074
10265
21.374
109260
Other eywdbture
85
10
82.186
ContTAbLrtk￿ to fAstrfct Ath•arK*
Furxl
22,816
22..616
5.71
s24￿8
11
T¢)lal Ex ndityre
105,9H
ndilure
197.834
240h76
42.642
251688
13.14.17
315.000
31&1X(I
Gains & loss￿ on IrNestr￿mS
(Unrearis￿)
Net Mowmont In fwd¥
5.597
36535T
287
13,499
135
135
1&0191
351.623
R•condllatlon of Fund8
Totsi broWI fopwwd
Total fvnds ¢ath•d lomrd
al end of
3,718,288
418,216
4.139.￿2
4,081545
404717
4.491.305
15

SHROPSHIRE & MARCHES METHODIST CIRCUIT
BALANCE SHEET AS AT 31 AUGUST 2024
Gener¥1
Clr¢•l¢ Modbl
Yn￿lFUnd
{UnrKI￿Gtrrt>
End+yfftnl
Fw￿#
Punds
Tots
2Q23
y￿r
Flxed Assets
13
13
14
15
1.871.792
1.871.792
2,151.792
45,001
610,000
35,833
2,842.626
aThJ Ma¢hlnary
Pwkmies held as Investmant
In¥e8lmen15
rlrtal Flxgd Asyets
21.426
1.V27.218
3.277
24.704
1.930.496
CuffoTrt A¥¥ets
Debt￿8 and Pr8pE)rynenl8
rAntrdl Flnarte Boaftl 8f#J
T￿￿te￿5 for Mat￿￿5t Chwch
PurF¥)ses dewjslts elc
PropwU•s held for sal6
CaBh ot Bank and In
Tolal Cumt A#￿ts
16
28.910
149.T14
178.684
35.527
563,927
844.000
11.125
861.312
1.425239
844.000
11.125
953,920
751,(XIO
17
Uablnueo
CredIto￿ faili
dua w6tNn on6 ear
18
91275
64750
146.025
96,430
CuryeDt As8•ts
9x337
Totsl JsBet8 less
Cufrnnt Ilabifitl¢s
S283￿05
956.337
3378
519
4N91
Funds of the chaTI
G8nerdl FuTrJ (UnrestriGtÈd)
Clrcuit Model TrL￿t FWKI (Lknrestricted)
othgr furMJ5 IR95tr1cled)
ET¥Jowment Funds
Total Fwids
19
19
lg
19
3283.905
&283.905
956.337
95&337
1278
3,278
3278
4 243 519
3.043
4,49fJ05
3.283.90S
337
The acco￿1$ on Peoes 1410 25 approved ty th? Boar(l of Trusts95 8rn1 si￿8d on Iholr behalf by:
0.1:..(i
R•Y H Rlchwd HaH
Suwtht•nd•nt Mlnl8t•r
D•vld Eeolethall
Clrcult Trea•urnr
16

SHROPSHIRE & MARCHES METhODIST CIRCUIT
STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 AUGUST 2024
2023
Net ca¥h Iu8ed) I gengratod In op•r#tlng a¢dvltl¢$
1.157
Interost ¥rLI dlddonds
Rrfetpts from sale of tangible ffxed assets
F¥yments from purchas801 tanglble 8ss8ts
56.gfrB
1,106.989
37.475
327.735
{4S.Cth}
Net ¢ash wovld•d by Invthlng actlvS11è8
1.103ml
320809
ChAng• In cth and ¢ash 4ulvahnts in th• yo•r
4658
Cash wxl Ga5h éfftlgnts bTOLyht forward
Cxh and •qufvahnt8' cwrl•d foThvaTd
11.1
4,662
17

SHROPSHIRE & MARCHES METHODIST CIRCUIT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
Accountlng Pallcles
a) Ba819 of preparatlon 8nd assessmnt of golng ¢oncom
The 8¢counts have been prepared In accoftlancè ¥Ath Ihg Charlvs gov8rnlng documenl Ihe Ctrarilies Act
2011 and "Ac£ounting and Repthng by Charities: StrI￿￿1t of Recommended Practice app11￿ble to
charilies prepadng Ihelr aC￿￿ntS in accordance wth Flnandal R8FKXtiTrJ Standard applicable in the UK and
R8pubilc of Irelarttl (FRS102)' (a8 amended for ar￿unting perfods commer￿Ing frorn 1 January 2019
The finan¢lal statsments are prepare(l in 8ledlng, ￿lch Is the functk)nul currency of the Ch8rtty. Monetary
amounts In theo8 financlal statemBnts are round￿ kn the ne8Test £.
The accourts (flnanc#al statements) have bgen prepared under the hlstorical cost Goftvention 7Mth liems
cogniged at cost ortransa&lon v8lue unl8s8 othern￿88 stated in the relevant noles to th£s& atYA)unts
Tha charity constitLts$ a public benellt entty as definéd by FRS 102.
The trust88s con8id8r that there are fKI rn*rid uncertawths ab¢)ut the charW6 ablllty lo continue as
going concom.
b) Fund• slru¢tur•
Th8 fvnds held constitute: General Funds hekl for any purposo of the Circult ￿lch are Unrestrfcled. The
c[rc￿t Modgl Trust Fund h88 wlde puryxjses dofinod In StsrKling Orders arKI 18 C8tegorised as ￿n￿trI￿.
Restrlcted funds which are held for a narr0v￿r pury)ose arKI Endowment fund8 bthich represent glts. thè
c4pitsl nomially belng unavailable for Sp￿￿￿, and the incorno from whlch Is dlher Reslri¢ted or
Unre8tslcted. Details of each mat8rfal ￿nd ara dl8closed In note 19 to thèsè a¢Kounts. Any funds may bp
represented by mora than Just cash.
c) Income racognltlon
IncLMne Is recogn18ed tharlty 15 IwJally ents￿ed to il after any pèrformance conditions have been
meL Ihe am¢)unts ¢an be mea$ur8d rellably. and it Is probabk that irKome ￿11 be rerkived.
Cash donalions a￿ rec(*Jni88d on T￿lpt. other donalon8 aré recognlml once the charity has been
nofjfied of the donatlon, unless perforniance coftdith)ns reqL4re tjeferdl of amount
Grant$ are ￿r￿g￿lS￿d on receipt unles$ perf¢ffliaThce ¢onrllJons requlre deferral ofthe amount.
Capiial recelpts aro recognlsed ￿eTh Ihe charfty Is entiued to Ihe In$￿m￿.
Legacies are re¢c*Jnised on recalpt or othentyise Ifthe tharity ha8 been notified of an Imp8nding
distribution. the amount is kn(AYn. end reGept18 expg¢ied. If the amount Is not known. thg legaGy18 treated
as a contlngent assot.
In￿st￿￿￿ In￿Me is reojgnised on Trcelpt ofthe ￿COMe.
d> Expondlturn recognltlon
Expenditur& Is recognksed oncethere is a legal or C￿n$t￿CtiVe obflga￿Dn to make 8 payThentlo a third party,
tt is probable that settlement wll be required ar￿ the amounl of the obligation can ba rneaswed reli8Ny.
} Alloc¥llon of governance costs
AdmlnT8trydtJDn expenses of the charity relate lo tho cosls of runniry the Charity, such as Insura1￿.
accountancy fee8 and costs of statutory ¢ompliance. Indudo any costs whlth cannot be 6pecifically
altslbuted to another expondth cl85slfK*K>A. See note 11 fDr bB8is of alloGation
fj Chorltabl• actSvlU
The Shropshlre & Marches Methodh5t CiT¢uIt ￿$ts to encowage and sUPPOrt the mlnistry and nknEon of
?11 the churd)es in Its c£re. Any oypenthire spoclftslly to athleve those obie¢ts Is Included In threcl
chaiitablp e￿endItuTe.
18

SHROPSHIRE & MARCHES METHODIST CIRCUIT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
g) Tan9lble fixed assets for us• by the Clrcult
Tangibl¢ fixed assets 8re capHallsed at cost If they con be UEOd for mre than year. and ¢osi at least
£1,000. Provislon is made for depre¢lalM)n ¥ther8 apFryriaie.
Depretiation is reccsnlsed 80 ¥¥ to Wiite off the cost of a5sets18ss Ihek re￿dU0[ values over Ih8ir useful
ve$ ￿ Ihe followng bas￿".
Mansesetc.
Plant and Machlnery
Not dewerA8ted
25% th¥igM lino
Properbes u8ed fwlhe purposes ofthe Cha￿ ore Inla￿ in tho Circuit'$ 8c¢ounts when respmsiblltyfor
maintenance atc. rosts the Circ
They are valued al or a rea8￿* value on recelpL Where cost 15 Mt awa1[&￿. the Circuit MoelirKJ
h86 estimated the building8, ￿rrent value to the clrcul bssed cn insurance values and tsklnu aco)unt of
the fact that l￿ver will be b88ed on demolllion reinstaling the current and rKtt the ￿[gIn41 ￿st
less ￿cuMulated (JepreO8t￿.
When prop*1ies are ￿ld. tho C￿nexIan 55 or￿ to lovy a kyoporucffi ¢)f thg pr￿￿ed5 and tsrefore,
vthen the docl$lon Is made to Sell a propefty, the bvok va￿9 15 adiusied to fèfieAt Iha expected reallBeblè
Value. not of levlgs Bny cther sg11ing costs.
h) Inyeslmont Propertlos
Invesknenl propèty. I￿1ch Is prop8ty held to eam rontals andlor for ca￿tel apprectatlon, Is measur8d
slro fair value model and stated al lis falr valu8 at ts rePo￿￿j date. The suwus or d*it on
Tevalualiffi is recogni8ed In n8t In¢om&l (eypendilure) fol the year.
l) Flxad asset Inv•8tm•nts
Fixed 8669t InvoStmgDts ara inilially me86urod at trartsaction prirA excludlro transacllon c08ts. and a
subsequentty m8a8ured 8t fair value at each reportlThJ date. Changes in fair va￿& ar8 r8cognF8ed kn nel
I￿orne1{aXp8n(r1Iur?} for the year. Trnnsa¢bon costs arn e￿ensed as incurred.
J> Reall¥￿ galns and108S¢6
19ains aThl losses arg tak8n lo thg Stater￿￿¢ of Finan(yal Adiifjkn as they arfse. R8aMsed gains ond
10&8es on investments aro calculated as the dSfference beiween sal6s KKocé8ds and thelr oponlw carrOng
value or￿lf purchase value Ir acqulrBd subsequenl io the fdsl day of tho finaThJal year. Unreali$8d gain8
and IoJBas 8rB colculated 88 the <lifference Ihe far value at the year gnd arKI their carryirrj val￿.
Reali8ed and unrealised investmentpins arKI losses arn cortiined in the St8temeTrtof Ftnandal AfMe&
k) Baslc Flnan¢l•5 As8•ts
Ba5tc finandal assets, vthlch Indude debtor¥ and eA8h and bank bal*￿, are initially m￿a￿red at
transacuon Pri￿ Includlng tran5BC￿n costs and are subsequently caNled at arnortlsed c￿61 V51ThJ Iho
effective intsrest method. Finan¢ial assets cla8slf*d 86 receW)1g ￿h1n (Th ygar are not ¥m￿h8Od.
l} Baolc FlnanGlal Ll•bllld•B
Basic financial Ilablllties. inGludir£ creditors Éré Initialty remgnised al transaclion pito. FOnandal118bMIIIg¥
as p8yablo hlthln year are not amortlsed.
rn) P•n$lon•
Payments to defined cothbutk)n rètW8m&nl bgngilt $¢hemos are tharged as an expen¥e ats they lam due.
19

SHROPSHIRE & MARCHES METHODIST CIRCUIT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
2Ca
tal Recei
s com rlse the followln
Unrestricted funds
Clrcuit Model
Trust
General
2024
Total
2023
Total
Balan￿S and asset sale proceeds from Manses and closed churches
Sale of Coton Chapel
Sale of Knolton Chapel
Sale of Morelon Mill Chapel
Sale of Chirk Bank Chapel
Sale of Eardisley Chapel
Sale of Ruyton X1 Towns Manse
Sale of Wattlesborough Chapel
Sale of Knolton Cottage
Sale of Green Chapel
Sale of Cleobury Mortimer Church
786
786
502
115,954
43.811
167.468
201,826
61,508
318,251
136,794
182,432
58,518
146,874
201,826
61,508
318,251
136,794
182,432
58,518
146,874
786
1.106,203
1,106.989
327,735
3 Grants
2024
2023
Wolverhampton & Shrewsbury District of the Methodist Church
12.850
12,850
4 Other Income
Unrestricted funds
Clrcult Model
Trust
Genernl
2024
Total
2023
Totsl
Employment cost of Administrator at Ludlow office has been financed
by Ludlow Methodist Church and Hands Together Ludlow
Various sources towards employment of Pastoral Worker
other
22.686
22,686
20,965
5,265
9,971
5,265
9,971
4,836
3,925
37,922
37,922
29,726
5 Staff costs
Salaries
Natlonal
Insurance
Penslon
Apprenticeship
Levy
2024
Total
2023
Total
Ministerial
Lay employees
239,874
116,544
21,845
6.439
62,494
5,070
1,199
582
325,412
128,635
339,041
104,965
356.418
28,284
67,564
1,781
454,047
444.006
The average number of ernployees during the year was 1712023 - 171 wth all employee time involved in providing support services lo
charitable activities. All the Ministers are Trustees of the Circuit but stipends relate solely to their duties as Ministers.
The Charity considers its key management personnel comprises the members of the executive committee. The total employment
benefits including employer pension contributions of key management personnel We￿ £164,36412023 - £153,709). No employees had
employee benefits in excess of £60,00012023 - nonel.
6 Tele
one & Travel
includin
Admlnistratlon
Unrestricted Clrcult Modèl Restricled Endowment
Trust Fund
2024
Total
2023
Total
Ministerial Travel
Supemumerary Travel
Lay Travel
Telephone- Ministers & Office
Other administration
16,581
1,678
6,030
16,581
1,678
6,030
9,944
6,604
21,189
1.199
6.038
8,476
6,506
5,447
1,148
39,680
1,148
40,837
20

SHROPSHIRE & MARCHES METHODIST CIRCUIT
NOTES TO THEACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
7 Insurance Utilities on occu Mansos Unrestricted Cireult Model
Trust Fund
Re$trIct￿ Endowmenl
2024
Total
2023
Total
Insufance
Council Tax
Water rates
7,017
22,568
3,919
7,017
22,568
3.919
7,966
22.403
3,583
33,504
33,504
33,952
Unrestricted Circuit Model Restrlct
Trust Fund
2024
Totsl
2023
Totsl
8 Ex endllur8 on other Clrcuit Pro e
Other Manses either unoccupied or Eet
Properties awaiting sale or sold
Cleobury Mortimer Methodist Church premises
Other
2,342
13,933
2.000
138
2.342
13.933
2.000
138
750
5.747
2,771
997
18.413
18.413
10.265
2024
Total
2023
Totsl
Unrestricted
CMTF
Endovfflient
9 Other ex enditura
Presbyteral relocation allowances
Removal costs
Supemumerary Ministers, Fees
Bayston Hill Church for office a￿mm¢)dat10n
Vvorship Materials
Other inc Zoom related costs
600
3.300
4.305
840
1,844
4,257
600
3.300
4.305
840
1.844
4.340
1.200
3,875
2,450
1,822
11.187
83
15,146
83
15,229
21,374
10 Grants and Donations
Unrestricted Circuit Model
Trust Fund
2024
Total
2023
Total
Various Churches161
Ellesmere for Mission Project
Connexional le
& Grants re aid..
Colon
Knolton
Moieton Mill
Chirk Bank
Eardisley
Ruyton X1 Towns
Wattlesborough
Knolton Collage
Green
Cleobury Mortimer
5,600
17,349
22.381
4,568
42.987
56,730
8.302
103,300
30.717
48,973
7,704
34.750
56,730
8.302
103.300
30.717
48.973
7,704
34.750
Bishops Castle Methi)disl Church
Welsh End MethoLlist Church
Melville Methodist Church
District Agricultural Chaplain
st. Ma￿3 Youth Project, Cleobury Mortlmer"
Herefordshire Churches Together
Refund from Rea Valley Churches
17.000
S.QOQ
7,500
20.000
17.000
5,000
7,500
20.000
6,000
400
15001
10,000
6,000
375
6,000
400
1500)
5,900
339.976
345,876
109,260
' This amount is relumed to the CiFCUit as rental for the premises and is included in income re￿Ived.
The premise5 have now been sold lo the lessee
21

SHROPSHIRE & MARCHES METHODIST CIRcurr
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
11An
igoflu
•nd
sUPp￿t Go¥8rnm 2024
20tJ
Audftors remthwration
6.￿)0
&7txi
6,000
6.7LK)
Tho tolal Includod in auditors ramuna￿l0￿ th8 a￿31¢ and no other serdc8s are ￿V¥id￿.
2024
21123
Numljer of Trusl8es wro were p8kY expenses excrud￿l0 P￿b>￿tr$
and •mpby•J lay staff
2024
2023
NatL•re oflhtr expenses
Supemum8rnry Fee5 Bnd Travel axpens85
Lay Trnvol and expv4es excludiTrJ C4)sts rnlmbursed
3,975
1.124
Totsl arrnunt paid
5.021
D￿r￿j th8 year £61D (2023: £6491 was FQKI to 1 trustse12023- 2 Trislees) for CH￿rr￿ out PAT testing. Th18 anx)unt
I￿ b)th arKI labJwcoJts loo.
NLTh L4 Ihe Trustees re¢eived any romun2rat#)n In thg year for Iholr soNlces a$ Truslees.
Manmi
Plant and
mxhlnfrry
Total
Balan￿ bTougM folward
dluor
Tra￿lerS to I frDm ptoperties h￿d for sg19
Depreclalkin
Ba￿¢• ca￿￿ed foTw8r(I
2.151,792
45,CO1
2.196.793
(280.OWI
(280.IXKIl
11,CQl
34 LW 1905
1871792
31 August 2024
31 August 2023
1.871.792
2 151792
34.000 1,905.7W2
45.001
2.196.793
22

SHROPSHIRE & MARCHES METHODIST CIRCUIT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
14 Inv¢sknent gw•rties
2023
Balanc• brougm fwaTd
dllions
Transfèrfrom Tar8lbl¢ Pssets
Trnnsferto Fwpertles foT sale
610,OCQ
410,¢YXI
225,C(KI
200,LDJ
{3tyJ.CtsJ)
75,fJi>J
610,OCI)
(610,OC(11
BatanL* carrled forward
The Iw*sIn￿nI propert￿ were by irntepwrtlam va￿er8 with rdev8rf prole6s1ond qu8lfft¢atlon8.
Mlnst* therton prop9rt￿8 aro valu•d on the basis ol QFen market YaEue In aco)rdance Ythh Thè Ro
Instilut• of Chartered Sur4eyor8.
8¢m•nts
Llsied
Unll6tsd
In￿stMents 1nve•ts)￿ts Total
Bala￿¢ brought foNAYd
Ad galn on revaluat￿)n
Sale woc4eds
Ba*9 carFi#J futhrd
25.￿1
{4.960}
10.232
752
6,921
4.063
35,833
14,208)
6.921
24,704
20.641
Nèt boolt valu•
31 2024
31 Awt 2023
20.641
4.oe3
24,704
All inestmgnts are Carri￿ al ￿1r￿lI vdue. In%wknent In eq￿1￿3 and flxed InieT*5t seGur*le8 trade(I In
quoted pvblic markets. primarftythe Lonth)n Slod( Exch8nge. Holdlngs In 1x)mr￿n Imiestmgnt ILYth, untt in*ts
afid openwer￿￿l Investment ￿M￿nI¢S are 8t thg bkl plca. The basi5 Df fair valug for quotd investfflonts Is
eqUI￿lent lo the market value, uslro the bhj pnc& Asset $al•s and purchases are rettgn166d at Ihe dalo of
tr8de * L))6t (th8t Is their transacthm vatue).
16
nl8
¢3on•r*l Fund
2024
2023
Dgbto
Prqpayments
4,240
29.487
27.310
28,910
33,727
2024
CITcuI¢ Twst Fund
149,774
149.714
Tolal debtors 8nd pr8payThents
23

SHROPSHIRE & MARCHES METHODIST CIRCUIT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
17 Pro rtl•s etc held f¢r ¥al•
2P24
2023
Baknce brow forward
A<klltior
RevaI[￿l￿n8
(XSFLWL
751,000
940,000
1111.000)
17*000)
438.oc
571.01
(258.CIXI)
Balance eArrkd fopwa
844.ODO
751.(K)O
Not ¥al
31 August 2024
31 August 2ff23
844.000
751.000
18 ATral
s of current liabillllB•
Crndllorn und•Y 1 >wr
2023
AudFI feg
85.275
54,750
89.910
Cth8r credilors [CkqTF]
146.025
DefeThed tnmmè ¢omyi8es of asse5m￿ receiv￿1 in •Jvaneè to the pwlod thal Ihey ¥date10:
89.910
(89,910)
85.275
B818nce as 811 sept￿1￿ 2023
AmourrtF Tgleased lo inwn8 in the
Amounts d¢f6rred in the year
Balanco a5 at 31 August 2024
85.275
Anatysls of m¢w•ments In unr8tytrictèd fund8
Exp•ndltuTr Transfgr• 6alAs and
Fund
4,083.545
404.717
489.273
1.137.W3
1710.8KI) 223.8SO
IW.593) <223.850)
{801,904) 3.283,9Q4
956.337
CMTF
1.626.876
801.444
4 240241
An*ls of mov•rn•nts in unmtrlcted fund•. PrnYi<bUS
Balttn￿ InciMn•
Expendilur• Tran8f•rs Galns
Fund
&718.288
418.216
520.146
346.470
1717,980)
253.688 309,403 4J>83.S45
{105,994} {25s.888}
(287)
404.717
cNfrF
886,616
974
309.116 4 488262
Tho unr85trici&l fmjs are av8llablfj tD be spenl for any purposes of ￿ charity.
The tronsferof fwKts bBtween Gen8r* aThJ CbAtF. rdated to the folkl￿ng:. oener4 support of ciThit 8ctNkb6S-
£180,00012023- £160.750). speC￿e SUPFK)rt lor layeffpbyag rxssts- £ 41850 {2023- £37,¢JIO). c05t of Mlsston
Prniect Traiter NIL (2023- £48.500l. &)ntribuUon tow&ds costs of P￿pertIeS subsery￿rtty sold- NIL (2023-
£2.438). ¢ontrtlxAiDn tow8rdF cost of altwa1￿. r¢polrB and malntsnance at o (2023- 1) Manse- NIL (2023-
£5.0001

SHROPSHIRE & MARCHES MFfHODIST CIRCUIT
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024
Afi8￿18 of movomBnts In •ndowm•ntluml•
Balance
In¢om• Expondllurn Translèrn Galns and
1¢)8seg
Fund
Endowryhtnt N•no
Hwl J Price Gsft
G￿rge Parton eequest
Mary Am pri￿ ￿JacY
19)
(56)
23
142
70
315
1,841
910
58
27
3.043
235
3278
AnJlysl$ ol mov0m￿lS In ondoNymerffund8- prevlws y•ar
Balance
Expondlturn Translprs Galns arbd
1055Q¥
Fund
Hazel J Price G
G￿￿ Parton Bequest
Mary Ann PriL% Leoa¢y
19)
(sn
(28)
113)
{81)
141)
57
28
1.841
910
3.178
135
Al tho *n*Y￿￿ent funds are irNested In CFB Fund and Ihe Incom8 is for
general drcull purposes.
¥ Ro¢ondllallon of nèt m¢Mments In funds to ¢Ash Ilowfrom 0￿ratIng •ctlvlWe8
2024
Nel movernffirt in fur
Dwjud interest ItKome Shown In Snvgslln9 8d6vltl85
Dedu¢X receipts from sale of lang4b￿ fixed as8¢ts
Add ba¢k (leprecl&lion
Decrea¥e lirKrea891 In debtors
IrKrease Idecre8se) In creditor5
Los81 {Galnl on r¢valuatlon of PToporkne6
Loss l {Galn} on rgvaluatlon of fixed asset Invo8lmenl£
(Galnl l Los5 on revaluatlon of currenl assal Invqslments
1247,786}
{56.gQBI
11,106.989)
11.001
1143.157)
49.595
797.000
11.129
(471.319)
351,623
{37,475)
{327,735)
5,129
18.178}
{315.(W)
6,019
lo.(￿6
315,551
21 Contingent liablllty r•laling lo Ihe pot6nllal clalm ov•r • sold •st¥t•
It Con1nL￿ lo bg the c959 that • third paty may tM¥e a daim over en ostat• whkh waE sold durfng
201812019 finan¢i81 yo8r end. Thls aff￿nt c8nnot be Rliabty mea$￿ed therefcrfg no xcountln9
proM$Son has been rocognlBed n Ihe aC￿L￿ts.