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2023-08-31-accounts

Trustee name Trustee name Office Dates acted if Name ofperson Name ofperson
not for whole of (orbody) entitled
year ending Aug to appoint trustee
2023
Rev John Hu es Presb
er
ExOfficio
Rev. Stephen Presbyter ExOfficio
Robinson
Rev Patricia Davis Presbyter Retired 31"July ExOfficio
2023
Rev Penny Thorne Presbyter Joined 1 September ExOfficio
2023
Deacon Carole Deacon Retired 31August ExOfficio
Smith 2023
Rev'd Anthony Supernumerary ExOfficio
Parkinson Minister
Mrs Christine Circuit Circuit Meeting
Hughes Administrator and
LPWL Secreta
Mrs Manosree Circuit Secretary Circuit Meeting
Fordham
Mr Malcolm Carter Circuit Steward Resigned 31May Circuit Meeting
2023
Mr Eric Gerrey Circuit Steward Resigned 10 Circuit Meeting
November 2023
Mr Richard Forbes Circuit Steward Joined 8 February Circuit Meeting
2024
Mrs Debbie Craggs Circuit Steward Circuit Meeting
and Safeguarding
Officer
Mr Graham Circuit Steward Resigned 31 July Circuit Meeting
Fletcher 2023
Mr Don Skinner Circuit Steward Circuit Meeting
and Synod
re resentative
Mrs Hazel Irish Circuit Steward Joined 1 September Circuit Meeting
2022
Mr Neil Hitch StJames Road StJames Road
Methodist
Church
Methodist Church
Treasurer Council
Mr Russell Hack StJames Road StJames Road
Methodist
Church
Methodist Church
elected Council
re resentative
Mrs Maureen Syed StJames Road Resigned 31 Resigned 31 StJames Road
Methodist
Church
August 2023 Methodist Church
Steward
Mrs Jemma Hack StJames Road Joined 1 September StJames Road
Methodist
Church
2024 Methodist Church
re resentative
Mrs Gill Robinson StJames Road StJames Road
Methodist
Church
Methodist Church
elected
re resentative
Mr David Trinity Local Trinity LEP
Woodbury Ecumenical Church Council
Partnership
Treasurer
Mrs Hazel Irish Elected Trinity LEP
Representative, Church Council
Trinity Local
Ecumenical
Partnershi
Mr Stephen Irish Elected Resigned 31 august Trinity LEP
Representative 2023 Church Council
Trinity Local
Ecumenical
Partnershi
Mrs Sue Sapsard Elected Joined 1 September Trinity LEP
Representative 2024 Church Council
Trinity Local
Ecumenical
Partnershi
Miss Diane Judd Hedge End Resigned 31 Hedge End
Methodist
Church
August 2023 Methodist Church
Treasurer Council
Mrs Rita Duell Hedge End Joined 31 October Hedge End
Methodist
Church
2023 Methodist Church
Treasurer
Mrs Jenny Hunkin Hedge End Hedge End
Methodist
Church
Methodist Church
Steward
Mr Richard Pearce Hedge End Resigned 31 Hedge End
Methodist
Church
August 2023 Methodist Church
elected
re resentative
Mr Michael Bliss Hedge End Joined 1September Hedge End
Methodist
Church
2023 Methodist Church
elected
representative
Mr Mark Price Waterside Waterside
Methodist
Church
Methodist Church
Treasurer Council
Mrs Lesley Waterside Waterside
Butterfield Methodist Church Methodist Church
Steward Council
Mrs Manny Waterside Waterside
Fordham Methodist Church Methodist Church
elected
r
resentative
Mrs Caroline Rose Woolston Woolston
Ellen Methodist Church Methodist Church
elected Council
re resentative
Mr Andrew Franks Woolston Woolston
Methodist Church Methodist Church
Treasurer Council
Mr David Edmonds Woolston Woolston
Methodist Church Methodist Church
Steward
Mr David Synod Circuit Meeting
Woodman Re resentative
Mrs Christina Synod Circuit Meeting
Pritchard re resentative
Mrs Alison Judd Synod and MWiB Circuit Meeting
Representative

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General Fund Circuit Model Designated Reslrfebul and Totals 202$ Totals 2022
(Unrestricted) Trusts Funda Endowment
(Unrestricted) (Unmstricted) Funda
Notes tothe
Accounts
Fixed Assets
Menses, Churches and E ui ment 12 2,186,248 0 0 0 2,166,248 2,$58939
Investments 13 0 37,710 0 1,932 39,642 41,465
Total fixed assets 2,166,248 $7,710 0 1,9$2 2,205,890 2,400,404
Current Assets
Debtors 14 105,238 80,000 186238 14729g
Loans
the Circuit
14 178,244 176,244
Investments
with TMCP
$97,980 1,693 399,674 444 70$
Central Finance Board Deposits 75,807 '75,807 2$,566
Cash at Bank and in hand 14 24,796 14,034 $8,830 60,100
Total current assets 382,085 477,980 14,034 1,693 875,793 676,667
Current gablgtles
Creditors
(due in under I year)
15 26,393 26,393 24,632
Total cununt liabilities 26,393 26,393 24,6$2
Het cunsnf assetsliiabislfes 355,692 477,980 14,034 1,693 849+00 851,038
Total assets less cunenf ilebilMea
Long term liabilities
(due after more than one year)
Loans to the Circuit
Net assets 2,521,840 515,690 14,034 3,625 3,056,289 $,051,438
Funds ofthe Circuit
General
Fund (Unrestricted)
2,821,940 2,521,940 2AT(,237
Circuit Model Trust Fund
Unrestricted 615,690 515,690 562,471
Designated
Funds
(Unrestricted) 14,034 14,034 14,034
Total Unrestricted Funds 16 3,051,664 3,047,742
Restricted
Funds
18 1,893 1,693 1,613
Endowment
Funds
1,932 1,9$2 2,084
Total Funds 2,521,940 515,690 14,034 3,625 3,066,289 3,051,4$9

1. Basis ofaccounting
The financial statements
have been prepared
in accordance with Accounting
and Reporting
by Charities: Statement
applicable for charities preparing
their accounts
In according with FRS102.
ofRecommended
Practice
Public Benefit Entity
southampton
Methodist
circuit meets the definition
ofa public benefit entity under
FRs 102. Assets and sabistles
costs ortransaction
value unless otherwise stated In the relevant
accounting
pe Bey below.
are intlasy recognised at historic
Going concern
The trustees begeve that the circuit Is a going concern.
E. Funds
The funds held constitute: General
Funds held for any purpose ofthe Circuit which are Unrestricted.
The Circuit Model
Trust Fund has wide
purposes
defined
In Standing Orders and Is categorised
as unrestricted.
Restricted funds which are held for a narrower
purpose .There are also the
following
Endowment
funds as listed. Details ofeach material
fund are disclosed
ln the final note tothese accounts.
Any funds may be represented
by more than Just cash.
3. Accounting
policies
Basis
These accounts have been prepared
on the basis ofhistorical cost except that Investments
are shown at their market
on the accruals basis to show a true and fair view ofthe Circuit's financial
position and activities.
value at the end ofthe year,
Income Recognition
Income
Is Included
in the statement
ofFinancialActlvltles
(soFAl when the circuit becomes entitled tothe resources,
and the trustees are
reasonably
certain they will receive the resources; and the monetary
value can be measured
with sufficient resabgity.
Expenditure
This Is recognised
when
a Rability is incurred, ore constructive
obligation
arises, that results
in the payment
being unavoidable.
Liabistles are
recognised
as soon as an oufflow ofeconomic
benefit is considered
more likely than not under the legal or constructive
obsgatlon
committing
Circuit to pay out resources.
the
Grants
Grants made by the Circuit from Its own funds are recognised
in full atthe time ofagreement
or when the Circuit accepts that there is a legal or
operational
obsgatlon to make the payment.
When the grant is recurrent
over more than one year the balance payable
in future years Istreated as
a provision for future commitments
In the Balance Sheet against the appropriate
fund, the provision
being released
In future years as instalments
are paid in accordance with the orlglnagy
agreed terms.
VAT
Since the Circuit is not VAT registered,
ag Input VAT Is charged with the expenses to which Itrefers.
Tangible fixed assets for use by the Circuit
These are capitalised
Ifthey can be used for more than one year, and indlviduasy
cost at least s1,000.
The freehold
property
isshown
in the accounts at 2015deemed values.
No depreciation
Is provided
on the buildings
because the trustees consider
their current residual fair value to be not less than their current value. Any depreciation
would not be material,
The
for Impairment.
properties
have been reviewed
Investment
Properties
Investment
properties
are held fortheir rental and/or sale potential.
Investments
Investments
are valued
in the balance sheet at market value atthe year end. Investment
income Is included
in the accounts when
receivable and
any gains or losses on revaluation
atthe year end are shown
in the SOFA.
Debtors and Prepayments
Debtors include the prepayment
ofthe September stipend
In August.
Creditors
creditors include both sundry expenses
and deferred
Income, speciflcasy the 1stquarter assessment
received
in August.
4.Donations and legacies and legacies Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
Donations
Legacies
Total
5.Charitable
other
activities- Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
Connexions
Lettings 8,814 8,814 27,217
Other
Total 8,814 8,814 27,217
6.Investment income Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
Interest received 1,717 14,469 91 16,277 3,490
Total 1,717 14,469 91 16,277 3,490
7.Grants and donations Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
United Reform Church 31,147
waterside 4,000 4,000 4,000
StJames Road 2,524
hedge End 1,054 1,054
Books
Pension
Fund
77,070
Other 100 100 100
Total 5,154 5,154 114,841
8.Other outgoIngs Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
Insurance 7,802 7,802 7,954
Rates and utilities 14,932 14,932 12,054
Letting fees 1,397
Legal and professional 8,443 1,374 10 9,828 12,720
City Life Church
Repairs and maintenance 5,855 5,855 15,203
Accountancy 400 400 8,080
Travel 5,825 5,825 4,977
Pulpit Expenses 401 401 536
Telephone 3,125 3,125 1,442
Bank Charges 125 125 72
Sundry Expenses 10,754 10,754 4,794
Total 57,661 1,374 10 59,046 69,229

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Analysis ofinvestment
movements
This year Prev year
Investments
listed on a recognised
Stock Exchange 39,642 41,465
Investments
held in common
investment
funds,
Securities not listed on a recognised Stock Exchange
Other investments
Total 39,642 41,465
Change
in investment
values
Carrying (market) value at beginning ofyear 41,465 44,470
Add: additions to investments
at cost
Less: disposals at carrying value
Net gain/(loss)
on revaluation
1,823 3,005
Carrying (market) value at end ofyear 39,642 41,465

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GenerslFund Circuit Model Designated Reslrfebul and Totals 202$ Totals 2022
(Unrestricted) Trirsts Funda Endowment
(Unrestricted) (Unmstricted) Funda
Notes tothe
Accounts
Fixed Assets
Menses, Churches and E ui ment 12 2,186,248 0 0 0 2,166,248 2,$58939
Investments 13 0 37,710 0 1,932 39,642 41,465
Total fixed assets 2,168,248 $7,710 0 1,9$2 2,205,890 2,400,404
Current Assets
Debtors 14 105,238 80,000 186238 14729g
Loans
the Circuit
14 178,244 176,244
Investments
with TMCP
$97,980 1,693 399,674 444 70$
Central Finance Board Deposits 75,807 '75,807 2$,566
Cash at Bank and in hand 14 24,796 14,034 $8,830 60,100
Total current assets 382,085 477,980 14,034 1,893 875,793 676,667
Current gablgtles
Creditors
(due in under I year)
15 26,393 26,393 24,632
Total cununt liabilities 26,393 26,393 24,6$2
Het cunsnf assetslllablgdes 355,692 477,980 14,034 1,693 849+00 851,036
Total assets less cunenf llebllaea
Long term liabilities
(due after more than one year)
Loans to the Circuit
Net assets 2,521,840 515,690 14,034 3,625 3,056,289 $,051,438
Funds ofthe Circuit
General
Fund (Unrestricted)
2,621,940 2,521,940 2AT(,237
Circuit Model Trust Fund
Unrestricted 615,690 515,690 562,471
Designated
Funds
(Unrestricted) 14,034 14,034 14,034
Total Unrestricted Funds 18 3,051,664 3,047,742
Restricted
Funds
18 1,893 1,693 1,613
Endowment
Funds
1,932 1,9$2 2,084
Total Funds 2,521,940 515,690 14,034 3,625 3,066,289 3,051,4$9

1. Basis ofaccounting
The financial statements
have been prepared
in accordance with Accounting
and Reporting
by Charities: Statement
applicable for charities preparing
their accounts
In according with FRS102.
ofRecommended
Practice
Public Benefit Entity
southampton
Methodist
circuit meets the definition
ofa public benefit entity under
FRs 102. Assets and sabistles
costs ortransaction
value unless otherwise stated In the relevant
accounting
pe Bey below.
are intlasy recognised at historic
Going concern
The trustees begeve that the circuit Is a going concern.
E. Funds
The funds held constitute: General
Funds held for any purpose ofthe Circuit which are Unrestricted.
The Circuit Model
Trust Fund has wide
purposes
defined
In Standing Orders and Is categorised
as unrestricted.
Restricted funds which are held for a narrower
purpose .There are also the
following
Endowment
funds as listed. Details ofeach material
fund are disclosed
ln the final note tothese accounts.
Any funds may be represented
by more than Just cash.
3. Accounting
policies
Basis
These accounts have been prepared
on the basis ofhistorical cost except that Investments
are shown at their market
on the accruals basis to show a true and fair view ofthe Circuit's financial
position and activities.
value at the end ofthe year,
Income Recognition
Income
Is Included
in the statement
ofFinancialActlvltles
(soFAl when the circuit becomes entitled tothe resources,
and the trustees are
reasonably
certain they will receive the resources; and the monetary
value can be measured
with sufficient resabgity.
Expenditure
This Is recognised
when
a Rability is incurred, ore constructive
obligation
arises, that results
in the payment
being unavoidable.
Liabistles are
recognised
as soon as an oufflow ofeconomic
benefit is considered
more likely than not under the legal or constructive
obsgatlon
committing
Circuit to pay out resources.
the
Grants
Grants made by the Circuit from Its own funds are recognised
in full atthe time ofagreement
or when the Circuit accepts that there is a legal or
operational
obsgatlon to make the payment.
When the grant is recurrent
over more than one year the balance payable
in future years Istreated as
a provision for future commitments
In the Balance Sheet against the appropriate
fund, the provision
being released
In future years as instalments
are paid in accordance with the orlglnagy
agreed terms.
VAT
Since the Circuit is not VAT registered,
ag Input VAT Is charged with the expenses to which Itrefers.
Tangible fixed assets for use by the Circuit
These are capitalised
Ifthey can be used for more than one year, and indlviduasy
cost at least s1,000.
The freehold
property
isshown
in the accounts at 2015deemed values.
No depreciation
Is provided
on the buildings
because the trustees consider
their current residual fair value to be not less than their current value. Any depreciation
would not be material,
The
for Impairment.
properties
have been reviewed
Investment
Properties
Investment
properties
are held fortheir rental and/or sale potential.
Investments
Investments
are valued
in the balance sheet at market value atthe year end. Investment
income Is included
in the accounts when
receivable and
any gains or losses on revaluation
atthe year end are shown
in the SOFA.
Debtors and Prepayments
Debtors include the prepayment
ofthe September stipend
In August.
Creditors
creditors include both sundry expenses
and deferred
Income, speciflcasy the 1stquarter assessment
received
in August.
4.Donations and legacies and legacies Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
Donations
Legacies
Total
5.Charitable
other
activities- Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
Connexions
Lettings 8,814 8,814 27,217
Other
Total 8,814 8,814 27,217
6.Investment income Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
Interest received 1,717 14,469 91 16,277 3,490
Total 1,717 14,469 91 16,277 3,490
7.Grants and donations Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
United Reform Church 31,147
waterside 4,000 4,000 4,000
StJames Road 2,524
hedge End 1,054 1,054
Books
Pension
Fund
77,070
Other 100 100 100
Total 5,154 5,154 114,841
8.Other outgoIngs Unrestricted Circuit Model
Trust Fund
Restricted 2023
Total
2022
Total
f f f f f
Insurance 7,802 7,802 7,954
Rates and utilities 14,932 14,932 12,054
Letting fees 1,397
Legal and professional 8,443 1,374 10 9,828 12,720
City Life Church
Repairs and maintenance 5,855 5,855 15,203
Accountancy 400 400 8,080
Travel 5,825 5,825 4,977
Pulpit Expenses 401 401 536
Telephone 3,125 3,125 1,442
Bank Charges 125 125 72
Sundry Expenses 10,754 10,754 4,794
Total 57,661 1,374 10 59,046 69,229

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Analysis ofinvestment
movements
This year Prev year
Investments
listed on a recognised
Stock Exchange 39,642 41,465
Investments
held in common
investment
funds,
Securities not listed on a recognised Stock Exchange
Other investments
Total 39,642 41,465
Change
in investment
values
Carrying (market) value at beginning ofyear 41,465 44,470
Add: additions to investments
at cost
Less: disposals at carrying value
Net gain/(loss)
on revaluation
1,823 3,005
Carrying (market) value at end ofyear 39,642 41,465

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