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

3. Connexional decisions are passed to the Chair of the District and the appropriate officer5 of ihe District for
implementation.
4. 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.
5. 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.
7. Reference and Administrative Detsils
7. 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
Tot*1
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 charllat*l• aclivill•¥
9 Othei kncDm
IQ Ttstal Intom• and •ndo*Th•nts
Exp8ndituie
11 Grant$ a￿1 donjllons
12 $818rles 8ssocl8ted costs
13 Pmperty maInlen￿re
14 tonngxlorwl #s$*s*nènt
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.
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