2024-08-31-accounts

REGISTERED CHARITY NUMBER.'1139998 Report of the Trustees and Audited Financial Statements for the Year Ended 31st August 2024 For West Sussex {Coast and Downsl Methodist Circuit Contents Pa Contents Report of the Trustees 2to7 Names of Managing Trustees Report of the Independent Auditors 9tolO Statement of Financial Activities li Balance Sheet 12 Cash flow Statement 13 Notes to the Financial Statements 14to26 Page 1

West Sussex (Coast and Downsl Methodist Circuit TwsteÈs Report for the year ending 314 Auy•st 2024 l. Preamble The Circuit comprises 12 Methodist churches and 2 Local Ecumenical Partner5hip5. 2. Objectives and actlvities In setting our objectives and planning our artivities the Circuit Leadership Team has normally met six times a year and the Circuit Meeting has normally assembled four times a year. Meetings of the Leade￿hIp Team and the Circuit are chaired by the Superintendent Presbyter. Our mission is to share God's love in jesus Christ through the Hoty Spirit in worship, teaching, caring and service. The circuit encourages each lotal church to engage with its community and to foster links with schools and ecumenical partners and to provide appropriate opportuntties for worship and mission. The Circuit Meeting has established a number of Efoups as part of the outworking of the Circuit Mission Policy. Currently groups focusing on pastoral concerns. evangelism. the use of technology, global and eco concerns, and property matters meet regularly to support and develop these areas of ministry and mis5iorb. 3. Achievements and performance The Circuit has a policy of making grants to ministers and other Circuit members varying from attending retreats, undergoing additional training and participating in conferences. The policy of the Circuit Meeting on grant making is to ensure that all applicants can demonstrate public beneftt and show imagination and creativty as well as a perceived need for that for which the grant is being applied. During the year there were six full time Methodist Presbyters and one URC minister with 75% scoping appointed to the Circuit. They were assisted by a part time lay pastor until Easter 2024, and six part tirne lay employees one of whom acts as the Circuit Administrator. The Circuit also contributes to the cost of a lay employee who 15 ernployed by one of the churches. A'Recognised and Regarded Presbyterf from the Methodist Church in ziMba￿￿e joined the ministerial team on 1st September 2023 serving four churches on the westeTn side of the circuit, in the place of a presbyter moving out of the team to serve the Church elsewheie. The Circuit Leadership Team has met regvlavly to review the lrfe and ministry of the Circutt, and has made recommendations to the Circuit Meeting. The Circuit Meeting has abo met and expedited the business entrusted to it. In order to expedite the financial affairs o* the Circuit. a meeting of The Finance Committee attended by local Church Treasurers and chaired by the Circuit Superintendent with the Circuit Treasurer and Assistant Treasurer in attendance ha5 met twice during the year to review the annual budget, the assessment figures and to examine the Circuit accounts and make recommendations to the Circuit Meeting. The Circuit Property Committee meet5 four times a year, two meetings a5 Property Committee Imansesl dealing specificallv with the care of manses and circuit property. This meeting organises the annual inspection of circuit manses together with making the arrangements for quinquenni31 inspections and makes recommendations to the Circuit Meetin& and is chaired bv the Superintendeni Minister. The Circuit Property Committee also meets twice as Circuit Property Committee Ilocal churches), bringing together those responsible for local church properties to agree quinquennial inspections and to facilitate good practi5e in caiin8 lor pioperties within the circuit. This meeting is also chaired by the Superintendent Presbyter. Page 2

The Circuit Preachers and Worship Leaders Meeting normally meets on a quarte￿ basis to discharge Its business. The Meeting approved the appointment of a new Local Preacher'on Note,. and continues to support three 'On Trial, preachers. The Circuit SafeguardTrn8 Trainers have met together to plan safeguarding training at Advanced and Foundation levels, and a number ol training sessions have been held in different parts of the Circuit. In addition, a Circuit gathering for local church safeguarding officers meels on a twice-yearly basis. The Circuit had arranged a number of circuit 8atherin8s for worship and fellowship. The One World- One Family Group has met throughout the year. The Circuit Action for Children Group met twice during the year. The Circuit Ministerlal Staff team has met weekty on zoom, and face to face each month. The Circuit Leadership Team have given time to consider how the young people ol the circuit can be best supported in developing their faith and discipleship. The November 2023 Statistics for Mission f￿tsreS indicated that although the Circuit has once again seen a decline in membership, the community role has remained reasonably stable. There is much to commend within the Circurt. Several local congregations continue to explore new ways of sharing the good news, various mid-week services continue to be held- 'Fresh Expressions, of Church (for example 'Messy Church., 'Breakfast Church,. 'Cafe Church. and 'Contemporary W0￿h1p,) are part of several churches, regular patterns of worship. These f￿$h expressions of church are being offered and experienced by those who have not previously been part of traditional congregations. A number of churches were blessed by their initial engagement with the organisation, Leoding your Church into Gmwth. and continue to explore the outworkirbg of its principles. All the churches in the Circuit have been encouraged to engage in refurbishment and renewal piojerts to further their ministry and mission. To facilitate this proBramme of renewal grants are made by the Circutt from the Circuit Model Trust Fund. The support of the Circuit Meeting and the District Grants Committee is apprectated by churches pursuing building projects. The majority of churches in the Circuit are now equipped with muhi-media facilities providing the opportunity to use new re50urce5 in worship. The Circurt has continued to support 'Greenway5'. the Methodist Home in Bognor Regis. Plans for future years Encourage initiatives for mission in the community. Engage in a review of the circuivs mission plan Engage wilh the connexional Stationing process to provide appropriate levels of ordained staff. The Circuit Invitations Committee has been appointed for this purpose. Continue to offer opportunities to engage in mission and evangelism training and confidence building through initiatives such as 'Everyone an Evangelist, and leadin8 your Church into Growth.. Ensure that all those required to do so should attend appropriate safeguarding and equality. diversity and Inclusion traininB. 4. Financial Review Income Trends Circuit income is primarily drawn from the assessment paid by IS of the churches within the Circuit as, although Durrington LEP became a class of Goring in September 2019, it Is assessed independently. Page 3

All churches were able to make the assessment payments due. Monies are also received from the letting of unused properties and from investments. Ex enditure Trends Stipend and lay employee salary expendtture has increased each financial year in line with cOnfe￿nCe approved increases. The lay employee hourly rate was increased to be in line with the Methodist Church policy of payin8 at least Living Wage. Approximately 19.5% of expenditure is the Circuit contribution to the District and Connexion of which a significant part is used to fund the work of the wider Methodist Church. A contribution is also made to URC Mission. Other major expenditure includes staff expenses, administration costs and manse upkeep including refurbishment. Fund &alances During the year the Cirtuit received a total unrestricted income of £596.396 and dispersed £584,833 which include(I the reiurn to churches of £25,000 of the surplus from 202212023 using the assessment forrnula from that year. The resulting excess, allowing for the £25,0￿, was £36.563. The surplus was mainly due to a presbyter not being repla￿d, some delays in the appointment of new lay empFoyees and a saving on travelling cost5. Income from investments was also higher than predicted due to the rise in interest rates and property income was more than expected because as well as the usual rent renewal increases, the New Montessori Pre-school paid the money owed from a rent holiday a year early. As at 31st August 2024 the unrestricted free reserves of the Circuit were £341.168. Plans for 2024 25 Circuit financial plans for the coming year have been prepared on the basis of 6 ordained staff with ihe anticipated increases in stipend. An allowance has been made for the employment of part time lay employees. In order to 5UPPOrt churches, assessment has been capped at a maximum increase of4% and decrease of ID% with the resulting shortfall being contributed by the Circuit. As a result, the de¢rease in assessment being requested from churches has been changed from 1.5% to an average of 2.25%. The Managing Trustees have every reason to believe that the Circuit is a going concem. 4.1 Investment pollcy and performance To comply with Methodist Standing Orders. monies for long-term investment are lodged with the Trustees for Methodist Church Purposes ITMCPI. TMCP acts as custodian trustee for all real estate held by Circuits, for all large lover £20KI bequests and for proceeds from the sale of any property fomierly owned by the Circuit. These sums are invested in unitised investments or held on dep05il. The deposit income mirrors the deposit rates available ebewhere. TMCP funds may only be used for particular purposes and amounted to £359.986 at the 3151 August 2024. Short term deposits are lodged directly with the Central Finance 8oard ICFBI and attract good rates of inierest. 4.2 Reserves Level and policy The Circuil maintains a Reserves Policy stipulating that it should hold a minirnum surn equivalent to four months. average annual expenditure. In addition, the Circuit maintains an emergency fund for Page 4

Churches facing unexpected large expenditu￿. £25,(M)O was redistributed to the Circuit churches in 2023124 as a result of cost savings during the previous year which resulted in a surplus. Funds amounting to circa £41,642 are designated for removal and relocation, property rnaintenance etc. Excluding property, as at 315t August 2024, the Un￿$t[Icted free reserves of the Circuit totalled £341.168. The Circuit regularly reviews ways in which it can financially support its churches and expand ils mission poliry and is currentlv supporting a project which aims to engage a lay employee at Felpham Church for three years with the emphasis on expanding youth work. Approval has also been given for a £12,500 loan to be made to Offington Park Methodist Churth to enable the refurbishment of the kitcheTh which supplies the new Soft Play Area. 5. Tr￿tee5. Responsibillties For each financial year ending on 3151 August. the Managing Trustees are required to prepare financial statements that give true and fair view of the Church'5 financial activities during the year and of its financial position at the end of the year. In preparing these finanual statements the Managing Trustees must: Select suitable accounting policies and apply them consistently using the accruals method Make judgernerits and estimates that are reasonable and prudent Follow applicable accounting standards Prepare accounts to comply with the Charities SORP The Managing Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at anv time the financial position of the church and enables them to ensure that financial statements comply with the law. They are also responsible for safeguarding the assets of the Circutt and hence taking reasonable steps for the preventlon and detection of fraud and other irregularities. 5.1 Risk The Circuit is largely risk averse. 6. Structure. goveman¢e and management The Circuit is governed by the Methodist Church Act 1976 and the Deed of Union 1932 and was registered with the Charf(v Commtssioners on 24th January 2011. 6.1 Strudure West Sussex (Coast and Down51 Methodist Circuit is part of the South East District of the Methodist Church. As such il is represented on the District Synod which meet5 twice a year. The Methodist Conference meets once each year a5 the supreme denominational body for all Methodist Churches. l. Overall regulatory authortty rests with the Methodist Conference. 2. The Connexional Office implements decisions made by the Conference and is responsible for the 5tationin@ of presbyters and deacons Icollectively known as ministers) in individual Circuits within the Distflct. Page 5

1. Connexional decisions are passed to the Chair of the District and the appropriate officer5 of ihe District for implementation.
2. The District passes down to Circuit level for implementation by the Superintendent Minister, ministerial staff and Circuit Stewards, and authority is delegated to the Circvit Meeting for certain matters.
3. The Circuit Meeting passes regulatory control down to Church Counclls for local implementation by the presbyter. the Church Steward5, and other officers, and thi5 regulatory control is then exerciseii by the Church Councils as Managing Trustees of their charity. 6.2 Purpose of the Circuit The primary purpose of West Sussex Icoast and Down51 Methodist Circuit is to advance the Christian faith by providing opportunities for worship. Christian nurture and fellowship within the wider geographical area. The purposes of the Methodist Church are and shall be deemed to have been sin￿ the date of union the advancement of: al The Christian faith in accordance with the dottrinal standards and the discipline of the Methodist Church, and bl Any charitable purposes for the time being of any Connexional, DistrKt. Circuit, local or other organisation of the Methodist Church. and, cl Any charitable purpose for the time bein8 of any society. or institution subsidiary or ancillary to the Methodist Church, and dl Any purpose for the time being of any charity being a subsidiary or ancillary of the Methodist Church. 6.3 Governance As part of the Methodist Church the Circuit operates within a statutory frnmework of regulation and seeks to ensure that it follows Methodist Standing Orders. It relies on the Connexional Office at 25 Tavi5tock Place, London, WCIH 9SF to provlde guidance on changes that could affect the Church. The members of the Circuit Meeting are appointed under the terms of Standing Order 510 of the Constitutional Practice and Discipline of the Methodist Church. The Superintendent is ex officio chair of the Circuit Meeting, but may delegate this task to other presbyters in the Cirtuit. The Circuit Meeting normal￿ meets four times per year and deals with routine and exceptional matters. It oversees the work of the Circutt as a whole. 6.4 Responslbllities of the Circuit Meetin8 The responsibilities of the Circuit Meeting and other comfflittees are set out in Stsniling Order 515 of the Constitution31 Practice and Discipline of the Methodist Church.
4. Reference and Administrative Detsils
5. 1 Name of the Circuit West Sussex (Coast an(1 Downsl Methodist Circuit 7.2 Charity Registration number 1139998 7.3 Superintendent Mlnirter The Revd Rosemarie Elaine Gaye Clarke MA 7.4 Names of Managing Trustees See separate list Page 6

7.5 Audltor Sheen StKklar Chartered A£countants Staitrtory Audltor5 7 East Pdllant Chichesler WeSt￿$SeX P019 ITR Approved by: C1￿￿t Mee￿￿& Ch81r.. qWnQTQ..£GOa roJttTrp35ufEr rcuit Secretsry Oaled: 28.IL24 Page 7

West Sussex (Coast and Downsl Methodist Circuit Membershlp of the Circuit Meeting June 2024 (Potential membership of811 Ex Officio ministers and circuit stewards SO552 Rosemarie Clarke, Dawn Cam, lan Couchman. Steven Donnison, Tongayi Malamba, Frank Okai-sam. Helen Higgin- Botham. Debra Chidakwa-Akue Bridget Quint. Hilary Colbourn, Christopher Monkton. Mary-Jane Nevm)an, Suzanne Wheauey S0785141 supernumerarles who have Infomied the Superlntendent that they wlsh to be members of the meeting Anthony Brazier. Nigel Stapley. John Wren Employees under SO 570 if deslred Adam Cook (Lay worker) Circult meeting secretary Wendy Comey Secretary of the Local Preachers. Meeting From each local church a church steward and the treasurer plus u representative for churches with membership of over 200. to 2 representatlves plus an extra Hazel Denman, Deborah Dean. Anita Hayward Penelope Ellison. Deborah Mabbitt, Doreen Field. Julia Sutton Michael Taylor Malcolm Lindo, Margaret Hatton. Pamela North Carolyn Moon. Pamela Harrison. Linda Leaney. Lesley Barnes. Hugh Bond, Christopher Azzaro, Pauline Chaloner Michael Powdl, Joy Bames. Alison Wright Robert Slatter, Margaret Elizabeth Slatter. Susan Bingham. David Dixon, Jani¢e Walter Maigaret Bedwell. Jacqueline Gillespie, Julian Batstone, Philip Webb. Pamela Couchman, Linda Croft. Elizabeth Hall, Catherine Evans, Shelagh Morgan. Robert Gamble, Marilyn Hopwood, Brian Kelley Kenneth JoneslT), Two representatives from LP meeting Margaret Thompson Other Members of the meeting (number here not to exceed representstives from churches) David Taylor David Bames Geoffrey Trueman Page 8

Report of the INde￿ndent Auditors io lhe Trustee5 of West Sussex IC¢)g81 Downs) c.i￿￿11 Opinion We have alldited th¢ financial statements of Ihe Wesi S￿$SeX {Coast and Dowllsl Cir¢uil Iihe'¢harity'l for (he yearended 3 IA Augiust 2024 which compn5¢ the Staiemenl of Financial A¢iivi¢i¢5, die Balance Sheet and notes lo Ilie financial staiemenls, incliidin8 a summary of sigrbifjcant accountin8 policie5. The fjnancial reportillg franiewotk that has bcen applied in (heir prcparation is applicable law and United Kingdom Accoun¢ing Stsndards (United Kingdorn Generally Acccpted Arcouniing Pra¢ti¢el. In our opinion (he finan¢ial starem¢nis= giv¢ a true and fair view of Ihe state of the charity's affairs &$ at 319 Avguy 2024 and of its incoming Tesourccs and applicatioll of resources for the year then endcd; hay¢ bten properly prepar¢d in aecordan¢t with United Kingdom GEntrnlly A¢¢ept¢d Accounting Practice.. and have been prepared in a¢¢ordan¢¢ with the requirements of the ChaTttie5 A¢t 2011. Basi5 for upinion Wc condii¢ted our audit in accordance with International Standard5 on A￿]Iting (UK) {ISAs (UK)) and applicable law. Oui. responsibilitie5 under ¢hose siaftdards are fllnh¢r described in the Audiknrs trsp)n5ibiliti¢s for the audit of the financial SLltements section of our report. We are iDd¢p¢ndet)t of the chariN in accordancc wjth the ethital re4uircm¢nts that are relevant io our audit of the financial 5tat¢Th¢nts in the UK, Including (he FRCS r..thical Stsndard, aTSd we have fulfilled our othei ethical resw>nsibilities in accordancc ivith these requirements. We believc that the audit evidence we have obtaincd 15 sufficient and appTOPTlate to provid¢ a basis for our opinion. Conclusions relating to going con¢¢rn In auditing tJi¢ finanr131 statements, we liave concluded that the In￿, ust of the going ¢oncem b&815 of accounting in Ihc preparalion of the finan¢ial $iat¢m¢nts is appropriate. Based on the ivork we have performed, ive liave not idcntificd any un¢¢rtatnti¢s relating to cvcnts or conditions Ih£lt. indtvidually or collectively, tnay ¢as¢ significant doubt the charitys ability 10 ¢oniinu¢ as a going concern for a period of ai le&%t ￿e1ve rllonths frorn when ihe fina￿la] statements are authorisEd lor issue. Our responsibilities and the responsibilities of the tyusice5 Wlth respect to goillg con¢em ￿ d¢s¢rtb¢d in ihe relevani sections of this report. Oih¢r infonnAtion The (rustees are responsible for the other ithfomation. Thc other information comprises the inforniation in¢lud¢d in the anniial report, oth¢r than thc financial staietncnls and our Report of the Indcpendenl Auditors thereon. Ouropinitrn on the flnancial 5tat¢Tnents does noi ￿V¢r the other informationandwedo expr¢ss any fomi of assurance conclusion thercon. In connection with our audit of the financial $tat¢menL%, our resrA)ll5ibility is to read the other inforniation and. in doithg so, considcT whether the other infomiation is materially itKonsisten( with the financial slatentents or our knowledge ohtained in the aiidit or othenvise appear5 to be TThaterially misstated. If w¢ id¢nlify guch material inconsistencies or apparent material tnis5thteTnenlS, we required to d¢tertnirke wh¢thei thtye 15 a material missiatemeni in Ilie fJnan¢ial stalErneniS or a mal¢ri21 misstalernenl Of the oiher information. If. ba5¢d on thE work we have perfoTmed, we ton¢lude that there is a fflateiial misstatement of thi5 othe¥ information. we are required to ￿pOrt that fact. We have nothing to rew)rt in thi5 r¢8ard. Malters on which we 3re required to report by esc¢ption We have nothing to re￿rt in r¢sp¢cl of the following matters where the Ctharities Aet 20 1 I requires us to rew)rt to you il.. in our opinion.. th¢ inforniation given in the Report of the TTU51ees is inconsistent in any mwerial respect with the fijiancial stsiemenis., or sU￿1¢i¢D1 accotinting records have not been kepl- or the finaneiL?I siaternent5 are not in agreement with ihe accounting mirds and re¢ums- or we have not received all ihe infomiation and eXplan￿lOn9 we foi our audil. Responsibilities of tr115tees As explained more fully iii the Statement of Trustee5 Responsibilities. the Irustees ttsponstble for tlie prq)aration of (he financial staiemenls which give a ITU¢ 8nd fairvicw. and forsy¢h Iniema] control a9 the irustett determin¢ is necessary to enable the prEpaniion of financial statements that are free fiDm ma¢¢Ttal mi5Statemenl, whetheT due to frdud or error. Page 9

Report of tht Independent Auditors to the Trustees of Wesi Sussex (Coast #nd l)own5) Circllit R¢$ponsibiliti¢$ oftru$tees ID prepartrtg ihe financi￿11 statements. the trustees are responstble for &%5e55Lng th¢ charity's ability to continue as ¢1 going conceim, di5clo.%ing. as cipplJ¢ablc. matters related to going ¢on¢ern and llsing the going concern basis of ¢£ouIiling unless the irustees either intcnd to liqiiidate the ¢haTity or w Cease oper&ions, or have no realistic altematiye but io do so. Our re5pon5ibilities for the audit of th¢ firt#n¢ig1 ststemtnts Our objtctive5 ar¢ to obtain reasonable assurance alM)ui whether the ftrÈancial statements as a whole are free frotn material misstatement. Ivhether due to fraud or CTrtsr. and to is%ue a Report ofihe Independent Auditors that include8 auropinion. Reasonable a%%urdnce is a liigli Icvel of assurance bui is nota guarante¢ tha¢ an audir Conduct￿ inaccordance wilh ISAS IUKI will always det¢ci a material mi&%1￿ement when it exisis. Misstatements catl arise from fraud or etror and are considered material if. ittdividually or jll the aggregaie, they Could reasonably be expected lo influerhce the ¢￿￿o￿Lc d¢¢isiws ofusets taken on ilie b&5i5 of tI￿se financial statements. Irregularilies. including fraud. are insranc¢s ofnon-compliance with law5 and regulations_ W¢ design procedures in line with our responsibililies. OLttlined ubove. io deteci maienal misstatements in respea of irregularities. includin8 fraud. I'lie extent to wl)ich our pro¢edur¢s are capable of detecting irTegularili¢5. irKluding fraud is listed below.. enquiry of managemenl. those Charged wilh gov¢rnance and the entity's 501icit(Ys around adual and potential litigation and Claims; reviewing minutes of meeiitjgs of those charged with governan¢e,' receiving financial 5tat¢Tnen¢ disclosu￿S and testing to SUPPOrting do¢¥maitstion io assess ¢ompliance with appltcable laws irynd regulations., and aiidiiing the risk of management override of ¢ontrols includiiig through iesting journal entries #nd otheT adjusthi¢nls tor appr(Ipriaieness, and ¢vaiuating the busiThess ratiotbale of significani transactions ouiside the iiomial COU￿ gf bu%in¢.85. A further d¢sLription ofour r¢sponsibilities for the audit Of th¢ financial statemenLs is lo￿ted on tlie Finwicial Rcporling Counril's 'ebsite at www.frc.org.uklaudilotsresponsibiliti¢s. Thi5 de5CTiPtion fom)s part of our R¢pon of the Independent Auditor5. Use of our report This rcport is made solely io ihe charity'5 trustees. &$ a body. in ac￿rdanCe with Section 144 of the Charities Act 2011 Lin regulations made under Seclion 154 of that Act. Our audit work has been und¢ttsken so that w¢ mighi slate lo the charity'5 trustees thos¢ mall¢rs we are required io state to thEm in an auditors, report Jnd for no other wr￿8¢. To the fiillesl exleni pemiitted by law. we do noi accepi or assume responsibility to anyotte other than the charity aTbd the tharity's tru5t¢es &$ a body. lor our audi¢ work. for thi5 report. or for the opinions we havc foTrnd. Sheen Stickland C.hart¢rcd A¢¢ountants tiiluiory Audiiors Eligible lo xt as an auditor in tcrms of S¢dion 1212 of the Companies A¢i 2006 7 East Pallan¢ Chicliesi¢r Wesi 8uss¢x P019 ITR Date.. 10

West Sussex (Coas1 arKI LX)wnsl MettK)thsi Qrcuit Circuit 36/OB ststement of Financial Activities (SOFA) for the year ended 31 August 2024 Clr¢ubl Plod the Ge￿e[al Fw Twst Rp5tr1¢t•d Fndmmnent ¢ourts IUnr¢5tr1¢twll iunrnstritt•dl F￿￿ Funds Tot1 202344 2022.?3 Ineome 1 Donation$ ¢nd18ga¢ies 2 IKomé Trom rnonetary ￿N0￿MentS 3 IrKomé frorn propertlès 4 Ag1È$8meThls on CMrch8$ S Copttal Ré¢oipls 6 Grants r•¢0￿•￿ 7 Othar ch8rf1abk adMIi05 8 Total flom charllatl• aclivill•¥ 9 Othei kncDm IQ Ttstal Intom• and •ndoTh•nts Exp8ndituie 11 Grant$ a￿1 donjllons 12 $818rles 8ssocl8ted costs 13 Pmperty maInlen￿re 14 tonngxlorwl #s$snènt 15 ClslrldAss0$6m0rt & Lovy 16 Dèpr8clati¢n 17 omco •xpenses 18 Other outgolng# 19 Total charftablè Èxpèndllwo 20 Gain￿lO$s&s) on monolary in¥esim•nts 21 Gain51Oossg51 on ITWgslrnot proporuos 22 N•t kn¢omwi•xp•ndltur•l 20.845 79283 496268 19.709 40.554 79,203 4J6,211 21349 00,087 491.221 19,70• 35.000 5(709 616,105 35,000 1.105 571.756 $71.756 71,00• 35197• 66.391 t￿521 23,13C 363.053 J.980 86.578 22.075 J63,053 13,980 81,978 22,075 11 12 13 2.017 47.130 514133 2,lJ17 60,824 5•8.527 2.24• 2,•67 8•,•17 616,733 13.694 11fj94 2.299 11J63 43.514 54,177 .111.2•5 23 Trn51•rs kn4￿08￿ I￿￿S 24 1)IhergainsAoss•s IPropetyl 7TIM5 7T7,•95 1,116,M• 25 N•t movément in fund¥ 26 Toial funds brought forward 27 Total hjnds caryled oThvard 7N641 8.555.188 •,343,836 43.314 280.672 329,981 131,•82 1.•75,154 ,838.641 7.762.987 9,ITQ.003 8,$98,141 2.781 2,111

Balance Shwt a8 at 31 Augu8t 2024 gJXQ.MB 21fvn YJIM 412 15 1t.1$7 iJ¥ bF 47.LOJ IN%17

•41

BJ 2.781 12

West Sussex (Coast and Downs) Methodist Circuit Circuit No 36108 Cash flow statement for the year ended 31 August 2024 2024 2023 Cash flows from operating activities: Met cash prov5ded by (used inl opernting artlvlties {119,1391 1118,2051 Cash flows from investing activities: Diwd ends.interÈst and rents from investments Disposal of proporty. plant and equipment 119.837 85,436 Net cash provided by (used inl Investln8 actlNities 698 132,7691 ChanBe ￿ cash and cash equivalents in the reporting perlod Cash and cash equivalent5 at the beginnln8 of the reporting perbd Cash and cash equivalents at the end of thÈ reporting period 698 132,769) 881,043 848,274 848,274 848,972 Net Ineome l {Èxpenditurel for the reportlng period Adjustment5 for. Oimd ends. interest and rents from investments Decrease l {increasel in debtor5 Increase / (decrease) in creditors $4,877 1111.2951 1119.8371 11,2071 152,9721 (85.4361 1,597 76.929 Net cash used In operntin8 artSvities 119,139) 1118,2051 2024 2023 Analysis ol cash and cash equivalents Inyestments with TMCP Central Finance Board Deposits Cash at Bank and in hand 359,986 472,898 16,088 351,672 481,445 15,157 Total cash and cash equfvalÈfits 848,972 848,274 13

Circuil: West Su55ex (Coast and Downs) Methodist Circuit No.. 36108 Year ended 31 August 2024 Notes to the Accounts 1 Basis of accounting and accounting policies Accountlng standard The financial staterllenls have been prepared in accordance wth Accounting and R8POrting by Chanties." Statement of Recommended Practice (SORP) applicable lo charities preparing their accounts in acCO￿lance with the Financial Reporting Standard applicable in the UK and Republic of I￿land (FRS 102) (effective from l January 201 9J- (Charilies SORP (FRS 702)). Publlc benefit enlity The Wesl Sussex (Coast and Downsl Methodist Circuf( meets the defi'nition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise stated in the relevant accounting policy note{sl below. iii Basls These accounts have been piepared on the basis of historical cost except that investments are shown al their market value al Ihe end of the year. The accruals basis has been used and trustees present accounts that show a Iwe and fair view of the Circurt's fi'nancial position and activities. iv Content The financial infomiation presented is relevant. reliable, comparable and complete. ￿ere estimates are used these are based on experience, research and jud9ement. The accounts are expressed in £Sterling, rounded to the nearest pound. FRS102 & THE CHARITIES SORP IFRS 102 This is the eighth year that the FRS102 SORP 2015 has applied lo the Circuit's accounts. These accounts are compliant wtth FRS102 {March 20181 and w(th the Charities SORP (FRS102) (second edition-october 20191- The accounts have been prepared in accordance with applicable charity law in England this being the Charities Act 2011 and the Charities Accounting and Reporting Regulations 2008. In accordan￿ with Regulation 814} Idl of the Regulations the charity trustees have departed from the requirement of Regulation 8{51 by following the Charities SORP (FRS102) {second edition-october 2019) to the extent necessary to give a true and fair view in the circumstances. vi Going concern Based on the monetary assets and human resources available at 31 August 2022, the Iruslees believe that the Circuit is a going cOn￿rn. vll Consolidatlon The Circuit has denominational regulatory oversight in respecl of the woth of the Churches within the Circuit but has no legal or operational control of those Churches and their governing bodies ex￿pt in extreme circumstsnces. For this reason, the financial statements of Churches within the Circuit are not consolidated inlo these finanaal slalements. vlll Income recognition Income is brought into account when there is entrtlement and it is more likely Ihan not Ihal the economic benefit of the income will be forthcoming. No attempt is made to measure the value of services donated by volunteers. Individual amounts categorised as "other income. in the SOFA wll be shown separately rf they are consKlered material. 14

Circuil: Wesl SusseK {Coast and Downs) Methodist C[￿ult No.. 36108 Year ended 31 August 2024 Notes to the Accounts viii Income recognition continued The Circuit acts as agenl in two matters.. the collection from Churches and payment over of Iheir contribLrtions to various Funds controlled and administered by The Methodist Church- 'Connexional Funds" the adminislration (application, collection and disbursemenl) of grants requested by Churches wsthin the Circuit from, but not limited to. the District and Connexion. In all these matters the transactions are not reflected in the SOFA because they are the income of either the Connexion or Churches as appropriate. The lime of volunteers is not recognised. Further information on this matter is provided in the Trustees, Annual Report. Ifgoods are donated. a valuewll be shown in the SOFA or Notes where the value is considered material. Ix Expendlture This is recognised when a liabilty is incurred. or a constructive obligation arises, where the amount is reliably measurable and it is considered more likely than not that there will be oufflow of economic benefit. Grants Grants made by Ihe CircuTt from tts own funds are recognised in full at Ihe time of agreement to make a grant without P8rformance condttions. XI VAT Since the Circuit is not VAT registered. all input VAT is charged wth the expenses to which it refers. xii Tangible fixed assets Tangible fixed assets for use by the Circutt are caprtalised rf they can be used for more than one year and individually cost al least £1.000. The freehold property is shown in the accounts at a reinstslemenl value provided al 25th December each year. The reinstatement value of Manses has been based on a cost provided by the Quinquennial Surveyor from time to time and aéjusled annLJally by Methodist Insurance using indexation. Other freehold properties wll in many cases have been the subject of a valualior) prepared by a Methodist Insurance valuer and indexed as above. No depreciats'on is provided because the trustees consider the current resKlual value of the propety in its present condition to be not less than its historical cost and. in the absence of any evidence of impairment, any depreciation provision for the buildings component of the property would be immaterial. From time to time the Circuil may be required to assume responsibility for Church premises following closure and cessation of worship. This resutts in the Circuit becoming Managing Trustees for the property- xlii {al Monetary Investments The Circuit's investments are in monetary assets classthed as basic financial instruments under FRS102 and are held by the Trustees for Methodist Church Purposes ITMCPI as custodian trustees. The valuations, at market value, are those provided by TMCP. 15

Circuit.. Wesi Sussex {Coa5t and Downs) Mcthodisi C1￿Ul1 No= 36108 Year ended 31 August 2024 Notes to the Accounts xlii (bl Property From lime to time the Circuf( may hokl residential propety (formerfy manses) which is surplus to its current stsffing requirements. Where this is the case, the propety is let al market rates on a six-month tenancy agreement unless there is a compelling reason not lo do so in furtherance of the Circuit's charitable objectives. When worship ceased at Comerslone Methodist Church on 31st July 2015 and the Church Council was dissolved on 31st August 2015. the associated properties were transferred to Worthing Melhodisl Circuit in accordance with the resolution passed by the Church Council and unanimously approved by the Circuit trustees at the Circuit Meeling of 16th June 2015. Sale of the buildings comprising the fomier Comerstone church was completed on 141h March 2018.The property known as Cornerstone Hall is included in the assets passed to the Circuit and is occupied under licence by The New Montessori Pre-school. xiv Recelvables and Payables: Bank and Cash IBa$lc Flnan¢ial Instruments) Debtors are staled al the amounts owed to the Circuit or prepaié. Credilors are initially recognised at settlement amount after any trade discounts, where normal credit tenns apply, or the amount advanced to the Circutt. Subsequenty credrtors that are Current liabilib'es are measured at the cash or other consideration expected lo be paid. The liquid funds of bank balances and deposit fund balances are shown at their realisable values. xv Methodist Connexional Funds The Methodist Church Connexion raises assessments against Circuits and these are paid quarterly to their Districts. The Circuits raise assessments against Churches in the Circuit. The District quarterly remf(s to The Methodist Church Fund most of the sum received from Churches with a small sum being retained by District to meet its own costs. The Circuit may act as an agent for ad hoc collections for various funds conlrolled and administered by the Methodist Church. xvl Endowment Funds Vvhere the Circuit holds money that may not be spent and must be retained las capital) lo generale an income the money or assets to be retained are classified as an Endowment Fund. The capital wll be shown in the balance sheet in the column for Endowment Funds. The income may be reslricled or unrestricted depending on the terms of the endowment. xvli Ministers, manse costs The Circurt is required to provide residential accommodats'on for each minister in the Circuit and their families. The Circuit bears the cost of repairs, maintenance, buildings insurance, Council Tax and water charges. These figures are not separalely disclosed as benefits in kind for ministers as HMRC does not seek to tax these re￿ip1S in the hands of ministers. xviii Pension Costs and Other Post-Retlrement Beneflts The charity operates a defined contribution pension schenE. Contributions payable to the charity's pension scheme are charged lo the Statement of Financial Activities in the period lo which they relate. 16

C1￿ul1. West Sussex (Coast and Downs) Methodist C1￿Ult No.. 36108 Year ended 31 Augusi 2024 Notes to the Accounts 2. Glossary of terms CFB.. Central Finance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled investment fijnds for Methodist entities in Great Britain and provides investment advice to those entities Church: a group of members from fewer than 10 to more than 200 Circuit: a group of Methodist Churches near each other, typicalty between 10 and 30 Circuit Meetlng: The trustees of the Circuit. mosl of vthom are appointed by their local Churches and others by virtue of a role they underlake for the Circuit andlor their local Church CLT (Circuit Leadership Team).. A group (comprising mostly but not exclusively) of Circuit trustees responsible for the daY-t￿daY administration and policy formulation of the Circuit. Generally. the CLT comprises the Presbylers and Deacons stationed within the Circuit. the Circuit stewards and others by virtue of the role they undertake for Ihe Circuit. CMTF: Circuit Model Trust Fund Connexlon: The Melhodist Church in GB which includes the Head Office al Methodist Church House, a51 Methodisl Districts, Circuits and Churches in Great Britain Dlstrlct: a group of contiguous Circurts. usually between 15 and 30 DAF: District Advan￿ Fund FRS: Financial Reporting Standard HMRC: Her Majesty's Revenue and Customs Lay Employees: Personnel employed by the Circuit on generally a¢￿pted employment lenns MCF: Methodist Church Fund NEST: The National Employmenl Savings Trust. the organisation through which the Circuit arranges a pension scheme for its Lay Employees SOFA: Statement of Financial Activities SORP: Statement of Recommended Praclice TMCP.. Trustees for Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Model Trust propety. including Legacies. Endowments and Accumulated Funds 17

Circuit: Wesc Sussex (Coast and Downs) Methodisi C1￿ull No= 36108 Year ended 31 August 2024 Notes to the Accounts Donations and Legacies No donations 01 legacies were received Ihis year f¢y general ￿e. Income from Property Comerstone Hall £30,053 £13,800 £18,780 £16 650 Less Costs Murray Road Roundle Avenue £ 1,325 £ 2.623 storrington £79 283 NET INCOME £72 788 Assessments on Churches For the purposes of Assessmenl. the CiTCUrt this year comprises of 15 Churches and each is assessed for a contribution to meet the overall net costs of the Circurt. At the Cirouit Meeting of 11thSeptember 2019 it was reported that the Methodist Synod, the Baptist equiv81ent and the URC had given approval for Durrington to cease as an LEP and become a class of Goring as a result of which they were be brought into the assessment process with effect from the financial year 2020 10 2021. In making its Assessment. budgeted income from investment income {including propety letting) is taken into account. In this financial year Assessment on the Churches was cakulated using a fomiula based on one Ihird membership and two Ihirds income. 40/0 of Circu(( assistan￿ was included in Ihe calculation with a capping of 6 /0 increase and 100/0 decrease being applied. Assessments are paid quarterly or monthty in advance. Church nor Re Chichester Durrin ton Fel ham Gorin Lancin Littleham Offin ton Rustin lon Selse Shoreham Soulhwick Sie nin Slorrin Wester TOTAL 2024 22,408 63,348 4,308 39,540 38,688 20,452 18,480 88,752 73,656 13,956 22,180 47,400 10.144 23.216 9,740 £496,268 2023 21,140 59,916 4.128 37,304 40,348 21,696 20,532 83.728 75.028 13.176 20,928 52,220 10.080 21,904 9,192 £491.320 ton ton ale 18

Circuit.. West Sussex (Co&81 and Down5) Methodist Circuit No: 361U8 Year ended 31 August 2024 Notes to the Accounts 6. Grants Income This year the Circuit received no grants. 7. Other Income Other income includes a £35,(M)O refvnd of the Contribution made to Ihe Pension Reserve Fund. 8. Grants and Donations During tre year 2022 to 2023 the Circuit approved a grant of £36,000 payable in equal amounts over 3 years to support a pioneer lay employee post at Felpham Church. As the church is still in the process of fvlfilling the appointmenl. payment ofthe grant is still outslanding. The £35,000 approved towards the soft play area at Offington Park Church was transferred to them. No further grants were approved in the year 2023 to 2024. 9. Salaries and Associated Costs Al 1st September 2023 stipends and associated expenses were paid to six Methodist presbyters and one URC minister on a 75°/o slipend. At 1st September 2023. 6 part time lay employees and a pastor responsible for Selsey Church were employed. The pastor for Selsey left our employment vthen his contract ended on 31st March 2024. The Circuit also made a contribution towards the costs of the lay employee contracled to Rustington. 2024 243.453 40.312 56,445 1.162 7,803 13,878 £363.053 2023 225,280 40,152 66,407 977 6,422 13732 £352.970 Methodist Sli ends includin URC Minisl & Mission ees nses- Post Slalione etc. nses - Tele hone 2nd Broadband Ex enses - Travel TOTAL Nl & Pension Ex Pensions Most ordained presbyters and deacons are members of the relevant pension scheme. Lay employees have the option of joining a pension scheThE which the Circuit has arranged with NEST. In the case of Lay Employees. contribution levels have been set at 6Yo of gross salary for both employer and employee. The Circuit as employer contributes to the pensions of those employees eaming in excess of the Lower Earnings Limil used for Automatic Enrolment. 19

C1￿ult. West Sussex (Coasi and Downs) Methodist Circuit No: 36108 Year ended 31 Augusl 2024 Notes to the Accounts 10. Property Maintenance The Circuit is Managing Trustee for 10 manses, Lyndhursl Road Methodist Church and Cornerstone Hall. 6 manses were pemianently occupied during this ffinan￿al year by ministers stationed in the Circuit and the Circurt is responsible for the payment of Council Tax, Water Rates. telephone and broadband (with ministers maknng a contrtbutionl and insurance. In addition, the Beth Salem, Chichester manse was occupied by a URC minister with the Circuit being responsible for 75 % of Council Tax, Waler Rates, telephone and broadband (with the minister making a conlribvtion) and insurance. Lyndhursl Road is on a 25-year lease to West Sussex County Council. Maintenance is overseen by the Circuit Managing Trustees but West Sussex County Council are responsible for the payment of all costs. Cornerstone Hall is occupied under licence by the New Montessori Pre-school with them reimbursing gas, electricity and water charges to the Circurt. Rent is payable monthly in advance and is normally amended annually in line with the June Retail Price Index with effect from 1 St September. Due to unusual cost of living rises. on 1 St September 2023 an increase of 5 /0 was agreed instead. DuNng the year 2022 to 2023, the New Montessori Pre-school requested a rent holiday and an agreement was signed on 315t March 2023 detailing that with effect from 1st April 2023 for a period of six months ending September 2023 the licence fee woukl be subject to a rent holiday of 100010. the resulting arrears of £10.635 to be paid during the period 19t September 2024 to 31$1 August 2025. After signing the agreement. the New Montessori Pre-school notified the Circuit of their intention to repay Ihe arrears eadier than originalty agreed with monthly payments of £886.25 being made from 1 St September 2023. During this year the total arrears of £10,635 have been repaid. Of the remaining 3 properties, Murray Road Selsey, Southdown Way Storrington and Roundle Avenue Bognor Regis are let on 12-month tenancy agreements. The cost of ongoing maintenance and improvements on all properties are the responsibility of the Circuit except in the case of Lyndhurst Road where finanaal responsibility belongs to Vvesl Sussex County Council. As the URC have a 24.23% share in the Beth Salem. Chichester manse they have a proportionate responsibilty for the cost of any capital works carried out on the propety. This year an amount of £22,000 was included in Assessment for maintenance and improvements with the over spend of £15,655 being transferred from the Property Provisron Fund at the end of the financial year. 11 is usual Circuit policy to make application to the Circurt Model Trust Fund for money to be released for the payment of major workslrefurbishment During this financial year no applications have been made. 20

Circuit.. West Sussex (Coast and Downs) Methodist Circuit No.. 36108 Year ended 31 Augusi 2024 Notes to the Accounts 10. Property Maintenance Contlnued West Sussex Council Tax Insurance Lettin Costs Maintenance Quin uennials Water Rates TOTAL Coast and Downs Methodisi Circult 2024 20,551 10,511 6,495 37,655 1,075 3,348 £79,635 15,655 £63,980 2023 18,375 8,813 6,336 17,894 200 3,585 £55 203 Less Pro Provision Transfer TOTAL £55.203 11. Connexional and District Assessments The Assessments are calculated relative to the proportion of church members, ministers and lay workers and are payable to the District quarterly in advance. 12. Office Ex enses 2024 2023 Plans and Publications 605 685 Posta e Print and Statione Tele hone and Website TOTAL 872 540 £2017 692 690 13. Other Out oin 2024 2023 Audit FeelAccountanc Bank Char es Central Pa roll Land Re islration Fees Local Pre8chers Miscellaneous ernumeraries Trainin Contingency Transfers Transfers to Churches Travel TOTAL 5,383 60 576 5.098 60 576 6,099 120 1.217 5,178 1.508 4.406 50.000 566 £74,828 244 832 4,508 5,068 5,300 25.000 159 £47.130 2024 300 2023 300 4,106 ' One World- One Famil Pro Provision Removal and Relocation Annual Provision Annual Under S nd Annual Provision 5,000 £5,300 21

Circuit-. West Sussex (Coast and Downs) Methodist Cirouil No.. 36108 Year ended 31 Augusl 2024 Notes to the Accounts 13. Other Outgoings Continued £25,000 of the surplus from the financial year ending 31¥t AugLESt 2023 was relurned to churches using the same fomula as was used to calculate assessment in that year. 2024 2023 1.072 2,462 3,038 6.079 210 392 1,891 3.713 2,046 1,100 1,042 4,245 3,804 708 1,061 2,648 511 1.111 513 £25 000 Bo nor Ghichester Durrin lon Fel ham Gorin Lancin Littleham Offin ton Rustin ton Selse Shoreham Southwick ste nin storrin Wester TOTAL 2.129 1.946 8.255 7.828 1.250 2.206 5.226 1.046 2,605 873 £50.000 ton ton ate Payments to Trustees 11 is Circuit policy lo offer to reimburse Circuit Trustees for expenditure properly incurred in carying out their duties. The Trustees are not emploY￿S of the Circuit. Payments have been made to 5 Trustees totalling £429. 12023.. 4 Trustees tolalling £491}. During the year the Circuit paid TMCP. the custodians of the Circuifs investments.. Croit M(thITrt&FL￿I 1(Y29) FUKJ 21&6 815 187 TOTAL 2023 £1 14. Transfers No transfers were made during the year

c1￿ult.. West Sus5¢x (Coast and Downs) Methodist Circuit No.. 36108 Year ended 31 Augusl 2024 Notes to the Accounts BS1 Property Properties are shown in the accounts at their insurance valuation. Valuations are reviewed annually by Methodist Insurance as at 25th December. WEST SUSSEX (COAST AND DOWNS METHODIST CIRCUIT 4 Gorse Avenue, Worthin 24 Ashurst Drive, Gorin 13 Southdown Wa storrin ton The Finches, Elm Grove. Lancin Manor Road, Southwick 4 Roundle Avenue, Bo norR Alders ate, Murra Road. Selse 60 Westlands. Rustin ton Beth Salem, The Drive, Chichester 28 K oto Court, Bo nor Re is Cornerstone Hall, Worthin L ndhurst Road. Worthin TOTAL 3101 August 2024 31*t August 2023 587,523 S13,841 448,140 503,888 381,669 554,422 482,113 696,741 860,536 633,795 1.500,000 1.840,000 £9,002,668 561,148 490.774 428,022 481268 364,535 529,533 460,470 665,463 821,905 605,343 1,236,786 1,580,336 £8,225,583 is BS2 Debtors and Prepayments Sums shown as Debtors and Paid in Advance at 1 SeptembeT 2023 have been brought inlo the accounts during 2023124 with the exception of the £2.000 loan lo Bognor Methodist Church which is still outstanding. It is expected that payments in advance at 1$1 September 2024 will be expensed in 2024125. DEBTORS Credit Owed re BT incorrect char Reimbursement re Travel Ex enses 15l Monthl Re ment re Rent Holida New Montessori Reimbursement re Electric New Montessori Reimbursement re Gas 2024 2023 41 261 886 129 32 £161 TOTAL £1,188 PREPAYMENTS Insuran A ents Fee re Southdown Wa Tenanc osit Scheme Fee Methodist Sti ends Methodist Sti endA TOTAL 2024 3,586 196 2023 3,651 189 17,065 16,777 62 £20 686 renticeshi £20.919 LOANS TO CHURCHES" Loan to Bognor Methodist Church for Roof 2022123 Loan to Bo nor Methodist Church for Roof 2023124 TOTAL 2024 2,000 2,000 £4.000 2023 2.000 23

Circuit.. Wcst Siisscx (Coast and Downs) Methodist C1￿Ult No.. 36108 Year ended 31 August 2024 Notes to the Accounts BS2 Debtors and Prepayments Continued 2024 £25.080 2023 £23,873 DEBTORS AND PREPAYMENTS GRAND TOTAL The Circuil Meeting have approved a loan of £12.500 to Offinglon Park Methodist Church towards the refurbishment of Ihe kitchen which supplies the new soft play area bul they have not yet made application for tt)e money to be transferr￿ to them. BS3 Trustees for Methodist Church Purposes The funds that support the Circuit Model Trust. Various Bequests and the Doris Brazier Bequest Permanent Endowment are held by TMCP in CFB Managed Mixed Funds andlor Trustees Interest Funds with dividends and interest credited to the accounts each month. These are regarded as medium and long- tem investments. TMCP is the legal owner and custodian trustee of all Methodist model trust property, including legacies, endowments and accumulated funds. Tnjst property is held for and on behalf of local managing truslees who are responsible for the day-to-day management of trust property. TMPC ensure that, through providing guidan￿ and acting under their direction, the managing Trustees comply with chanty law and Methodist law and FX)licy as delem)ined by the Methodist Conference. BS3 Trustees for Methodist Church Purposes Continued TMCP Trust Number CFB Mana 2024 32,015 ed Mixed Fund 2023 29.716 Trustees Interest Fund 2024 2023 258,826 256,178 69.145 65,778 £327,971 £321.956 Model Trust Fund Various Be uests TOTAL 10250 21326 £32.015 £29.716 BS4 Central Finance Board (CFB) and Bank Balances Monies are held at the Central Finance Board of the Methodist Church in accounts named West Sussex (Coast and Downs) Circuit and West Sussex (Coast and Downsl Circuit 2 alc" with interest being received monthly. ' Approval was sought at the Circuit Meeting held on 12th Decemlkr 2018 to change the name of the fomier Cornerstone Methodist Church Worthing account. West Sussex (Coast and Downs) Methodist Circuit hold a Cash account with CAF Bank the monthly fee for which is £5. A fee of £0.50 is chargeable for each cheque issued. Monthly inleresl is also received on the account. The funds in all these accounts are available on demand wrthout charges OT loss of interest. The Circuit holds an inslant access Standard Deposit account with Methodist Chapel Aid with interesl being received into the General Fund half-yearfy. 24

Circuit: West Su5scx (Coast and Downs) Methodist Circuit No: 36108 Year ended 31 Augusi 2024 Notes to the Accounts BS5 Current Liabilities, Creditors, Accruals and Income in Advance All sums accrued at 31 August 2023 were paid during the year to 31 August 2024 with the exception of the £1,800 owed to Blake Morgan as the Land Registration WO￿ has not been completed. It is expected thal all sums accrued at 31 Sl Augusl 2024 will be paid during the year to 31st August 2025. CURRENT LIABILITIES Circuit Education and Youth One World- One Famil Fomierl Justice and Peace Pro ert Provision Removal and Relocation Fund TOTAL 2024 2023 180 1,077 41,088 9,994 £52,339 1.216 25,432 14,994 £41.642 CREDITORS AND ACCRUALS Audit Fee B Brunt Outstandin Decoratin at Soulhwick Manse Blake Mor an Invoice Blake Mor an Oulslandin Blake Mor an OLrtstandin BT Lancin BT Offin ton Bill Circuit BBQ Costs CYE Oulslandin Balance re Youth Grou DW Renewable Invol￿ Electrical Work Southdown Wa DW Renewable Invoice Electrical Work Southwick Lancin Glass Outstandin Work al Offin lon Octo us Ener Ltd Invoice re Southwick Manse R Barker Tarrin Invoice S Harmour Invoi TKni ht Invoice Wall Bros Oulslandin TOTAL 2024 4,860 2023 4,620 4,299 1,800 Work Work CIF from 2023 1,800 80 86 20 574 129 1,065 1.304 16 90 1,440 480 Balance re Southwick Manse 724 £12,478 £12.659 INCOME IN ADVANCE Assessments in Advance Rent re Southdown Way TOTAL 2024 114,597 1.400 £115.997 2023 121,741 1,350 £123.091 2024 £170.117 2023 £188,089 GRAND TOTAL BS6 Grants Payable Within 2024-25 In December 2022, the Circuit approved a grant of £36,000 to Felpham Church lo support a pioneer lay employee post, the first £12.000 of which was payable in the first year. As an appointment has not yet been made. the grant has ￿en carried over to the y8ar 2024 10 2025. 25

Circuit: West Sussex (Coast and Downs) Methi)dist Citruit No= 36108 Year ended 31 August 2024 Notes to the Accounts BS7 Grants Payable From 2025-26 The remaining two payments of £12.000 approved by the urcuit in December 2022 to support a pioneer lay employee at Felpham Church are due to be paid in years and three of the project. BS8 General Fund The purpose of the fund is for use at the discretion of the Irustees in the furtherarnce of the general objectives of the Circuit and which have not been designated for other purposes. BS9 Circuit Model Trust The purposes of the funds are for use at the discretson of the Irustees in the ￿rtherance of the general objectives of the Circuit. Their main source of income is legacies and formulai¢ally determined contributions from the sale of manses and chuich buibdings in the Circuit. Although these are technically Unrestricted Funds under the control of the Circuit Meeting, prior approval is still required to utilise them. Methodist Standing Orders 930, 931 and 917(21 are applicable. BS10 Restricted and Endowment Funds £2,781 is held as restricted funds to be used for acls of benevolence at the discretion of the Circuit Superintendent. 26