Methodist Church South West Wales Circuit Annual Report Sept 2023 – Aug 2024
Introduction
Welcome to our report. The South West Wales Circuit is set in a beautiful area and includes the Pembrokeshire National Park, much lovely countryside and a large number of beaches. We are blessed indeed to live and work in this area. Everything we do is driven by our faith in Jesus Christ and we all strive to meet the aims of our organisation as set out below.
Aims and organisation
This circuit is committed to the aims of “A discipleship movement shaped for mission” and seeks in its strategic planning and daily ministry, lay and ordained, to welcome and engage with people of all ages, without discrimination and irrespective of faith or no faith.
Within the twelve churches that make up the circuit, we seek to increase awareness of God’s presence and to celebrate, within a variety of worship styles, God’s unconditional love.
We aim to help people to grow together and learn from each other, as we explore faith and spirituality in a variety of contexts.
The circuit is passionate about community outreach, demonstrated by the projects which have been initiated and are run collaboratively during the week in order to meet a variety of spiritual, social, additional and emotional needs.
Charity objective is to act as a Resource provider within the area of Carmarthenshire and Pembrokeshire for the Methodist Church:
The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of:
a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church;
b) Any charitable purpose for the time being of any Connexional, District, Circuit. local or other organisation of The Methodist Church;
c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The Methodist Church;
d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church
The organisation and resourcing of regular public acts of worship open to members of the church and non-members alike.
The teaching of Christianity through sermons, courses and small groups.
The resourcing of pastoral work including visiting the sick and bereaved.
Taking religious assemblies in local schools.
Promotion of Christianity through the staging of events and services.
Provision of chaplaincy services to the local university and other institutions.
Public Benefit
We confirm the trustees have had regard to the Charity Commission’s guidance on public benefit.
Brief financial review of the year
Income trends
Circuit income is primarily drawn from the assessment paid by the circuit churches. Contributions from churches has stabilised. The Pioneer Minister, Diaconal post is fully Grant this year received money from 2 separate Methodist Funds and the Deacon based in Llanelli is 50% funded through a Synod Grant. The rental income of £15,412 included in ‘other receipts’, relates to the rental of a manse as a holiday let. £ 16,164 was received into the TMCP Model Trust Fund having been returned from the Methodist Pension Fund.
Expenditure trends
Stipend expenditure increases each financial year in line with Conference approved increases, and the Circuit also employs a part time Administrator on the Living Wage. 16.6% of normal 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.
Fund balances
As at 31 August 2024 the net current assets in the General Fund of the Circuit were £117,511. This includes a total of £24,254 grant funding remaining for the missional Deacon Project at the end of the 5 year funding period. Permission is being sought to carry this money forward to partially fund this thriving mission work following the re-invitation of the Missional Deacon. The deficit in the general funds is offset by the interest received primarily from the Model Trust Fund giving a net receipt of £3,741. An outstanding loan of £10,000 made to Hall St, Llanelli 20 years ago has been written off by agreement at the Circuit Meeting. The financial position of the Circuit at the end of the financial year is in line with the Budget, due to reduced Ministers' stipend and reduced expenses as a result of changed working practices, alongside reduced income from churches, whilst the Circuit Model Trust has £505,968.
Plans for 2024/25
The Circuit was unsuccessful in the 2023/24 Methodist Stationing process and as a result the Circuit financial plans for the coming year were prepared on the basis that there would be two full time and two part time ordained staff with anticipated cost of living stipend increases. This year's ministry team is as follows; Superintendent, 1 paid Supernumerary (0.2 FTE), 1 full time Deacon (50% Grant funded), and 1 part time Deacon (0.49 FTE 50% Grant funded). The Circuit is re-entering the Stationing process for 2024/25 for a part time presbyter to serve churches in the west of the Circuit. An Admin Support Assistant is employed for 10 hours per week.
Basis of preparation and legal framework
The Charity’s annual report and accounts for the year ended 31 August 2024 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard(FRS) 102 using Receipts and Payments on the Standard Form of Accounts.
Full Name of Charity: Methodist Church South West Wales Circuit
Registration Charity Number: …1144953……………….. Date of registration 7[th] December 2011 Main communication address 112 Felinfoel Rd, Llanelli, SA15 3JS
The members of the South West Wales Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches.
Fully membership is shown as Appendix A to this report.
Circuit Ministers and officers
Active Circuit Ministers Rev Geoffrey Hays Rev.Stella Hayton (Authorised Presbyter) Rev John Hayton (Authorised Presbyter) Rev Hugh-John Wilson (0.2 FTE) Deacon Jonathan Miller Deacon Katherine Hays (0.49 FTE) Circuit Stewards Ms Sharon Knox Ms Anne Worker Mrs Ann Maggs Mrs Margaret Birch Mr Graham Hobbs Mrs Jane Hobbs Administrator: Ms Miriam Moules Treasurer: Mrs Margaret Birch Independent examiner Mr Nigel Roberts
11 Penbryn Avenue
Carmarthen, SA31 3DH
Investment Bankers : Central Finance Board of the Methodist Church
Bank: CAF Bank (Charities Aid Foundation)
Structure, Governance and Management
The governing document for the Circuit is the Deed of Union (1932) and Methodist Church Act (1976)
Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).
Day to day management of the Circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting.
Trustee Training
A range of guidance produced by Methodist Connexion to support the effective running of the circuit, specifically ‘The Role of a Trustee in The Methodist Church’ is available on the Methodist Church website for all new Circuit meeting members as induction to their role as trustees.
Related Parties
"The Circuit is part of the Wales Synod Cymru and is also accountable to the Methodist Conference.
The following Methodist Churches are linked to the circuit:
Burry Port Carew, Wesley, Carmarthen Wesley Haverfordwest, Albany (Methodist and URC) Kidwelly, Trinity Llanelli, Hall St (Methodist and URC) Milford Haven, Christ Church (Methodist and URC) Pembroke Ferry, Trinity Saundersfoot Stepaside Tenby, St John’s (Methodist and URC) The Church without Walls (St Clears Mission)
Risk Management
The major risks have been identified and recorded by the Circuit Leadership Team with professional advice taken as required.
There is a regular annual review process undertaken and recorded.
Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.
Safeguarding
Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness. Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.
"Methodist Connexional practice outlines commitment to the following principles:
• the care and nurture of, and respectful pastoral ministry with, all children, young people and adults
• the safeguarding and protection of all children, young people and adults when they are vulnerable
• the establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse.
• We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.
• We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation.
• We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
• We will seek to challenge any abuse of power, especially by anyone in a position of trust.
• We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult.
• In all these principles we will follow legislation, guidance and recognised good practice
The South West Wales Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.
The South West Wales Circuit commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.
Reserves Policy
The Reserves Policy for the Circuit is to hold a minimum sum equivalent to six months' average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on menses and / or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches. In addition, the Circuit has agreed from last year to keep £50,000 in reserve to provide either loans or grants to Circuit Meeting approved projects. Additional monies in TMCP Model Trust are also held in reserve to cover the expected Ministerial appointments from Sept 2025 if there is a shortfall in church assessments.
CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS
THE METHODIST CHURCH
STANDARD FORM OF ACCOUNTS
|
South West Wales
circuit
FOR THE YEAR ENDED 31 August 2024
Registered Charity - Charity Registration number
|
1144953
|
If not a registered charity His Majesty’s Revenue and Customs Gift Aid number ||
(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242 )
Ministers:
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Circuit Stewards:
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Treasurer:
_ Mrs Margaret Birch 1of1
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ACCOUNTS FOR THE YEAR ENDED 31 August 2024
| South West Wales etree
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||||||||||
|---|---|---|---|---|---|---|---|---|
|restricted|Model|Trust|Restricted|Totals|this|Totals|last|
|,|||Un|-|Circuit|
|SECTION A||Funds|Fund|Funds|year|year|
|lai|JRECEIPTS|Note|||£|£|£|£|g|
|a2 |Assessment/Share|||126,336|1 27,020]|
|Capital|receipts|||i|144 402|
|a4\iBankinvestmentand|CFB incomeinterest|and|worl|||34,964|16,917)|i|
||a5a|Grants|||LastseC|37,220|38,338|_30,20963,491|
||__379,039]|
|SECTION|B|
|bt|
|||
|travel|cosis|;|62,184;||53,381|||115,565|144 589|
|ab3|Manse Costs|13,477|17,266|16,249]|
|lb5|Districtlba|acministrationeto||||tt 505]|tat]||||t.0t|
|lb6|Grants|Assessment|||8.588|38,588|36,852|
||b7|& donations||||||e]|28,83|acl|
|SSlofrotaravments|Epenses on other Circuit Property|ai|||taz.ots]19,922eeae27.242]|58,017|||a9.92219,922|L_275.07719,678|
|NET|RECEIPTS/PAYMENTS|FOR|
|[c3]Sub|total|(ci+e2)||10,638] |13,900] (20.797)||
|lca|[transfers and adjustments|||||||[|]|
|cs|TOTAL|FUNDS AT END OF|YEAR|(c2vca]|10.08]|13,900]|(0,77)|
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4 FORthese INFORMATIONamounts should ONLY:not MONEYbe included RECEIVEDin total ANDreceipts/payments PASSED ON TOabove)EXTERNAL ORGANISATIONS a a3 a
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|psecREO|
||L|South|West Wales||:|Circuit|
|SUMMARY OF|CIRCUIT ACCOUNTS|AND|INTERNAL|ORGANISATION|REPORTING|TO|THE|CIRCUIT|MEETING|
|[SECTION|E|Please follow the Guidance|Notes to complete|this page|
|Summary|of|the|Circuit|accounts|for|the|year|ended|31|August|2024|and|Internal|Organisations|reporting|to|the|Circuit|Meeting.|Note|that|the|funds|of an|
|Internal|Organisation|would|normally|be|Restricted|funds|uniess|it|could|be|clearly|shown|that|they|could|be|used|for|any|Methodist|purpose.|This|section|
|must|be|completed|to|arrive|at|the|gross|receipts|and|payments|totals|of|the|Circuit.|If gross|income|exceeds|the|Accruals|threshold|of £250,000,|then|the|
|Accruals|method|of|accounting|AND A|DIFFERENT|FORM|must|be|used|to|report|the|accounts|(see|Methodist|website).|Please|refer|to|the|guidance|
|notes|regarding|transfers|between|the|Circuit|and|connected|Circuit|Organisations.|
|Incense|«=—Sté‘<‘i;<«é‘;;d;StC*d;CSC|ete||Ed|peng|Pd|
|INTERNAL[ORGANISATIONS||||Net Receipts/|||Opening|||||||
|al|||Receipts|Payments|||Payments|||Adjustments|||i|balances|peas balances|||
|lao||||Pp||LE||||||||[||||
|i|||
|{|je}||—|pew|pL|pS|
|eS|||||i||{|—|
|po|KS|OE|ES|ES|
|ee||||||
|leg||jOrganisations[Sub|total|of|Internalfunds|i||"|ii|i|'||(e11)|||(e%2)||
|pT|~|||—|||—|i|—||
|||[Circuit accounts (totals|i|||'|||||||i|||
|eo|brought[page 2|- forward totals column) from|i|236,613]|(a8)|||232,872|(b9))||||3,744|||i|(c7)||ott|619,736]|i|(cé)|||i|623,477]|(cs)|||
|||T|,|
|le10|HELD BY|CIRCUIT|236,613|232,872|3,741|619,736|(x)|:|623,477|||(vy)|||
|Continue|on|a|separate|
|sheet ifnecessary and|bring||TOTALRECEIPTS|||p.\arares|
|the|totals|forward|
|es|TSORf|A|nce|ces|ts|sR|tt ssc|es|a|ee|
|[SecTIONE|
|STATEMENT|OF|ASSETS|AND|LIABILITIES|
|OPENING|CLOSING|
|CIRCUIT|- CASH|FUNDS|HELD|at|31|August|2024|BALANCES|BALANCES|
|lfL_|Cash||in hand|i||||i|~|
||.|||||
|if|[Bank Current Account|i|17,302|15.537|
|;|||
|6B|iBank|Deposit Account|||||
|i|
|le|Central Finance Board|||110,467|||101 aaa|
|Is|HiTrustees for Methodist Church Purposes|L|491,974|Hii|Hl||505,968 ||
||||||||
|fe||Otherfunds|||||
|||||||
|7|[sup TOTAL|_||619,740|(c6}|623,479)|(c8)|
|||£8|{closingTotal fundsbalanceheld totals by Internalabove) Organisations(612)|(the|||||{e11)|||.|l(ei2|||
|9|TOTAL CASH FUNDS HELD BY CIRCUIT|||619,740|(0|623,479|
|em|SR|SEA|AS|A|ASSO|ST|CU|sc|TS|sats|cata|ea|
|SECTION|G|At|At|
|OTHER|ASSETS|and|LIABILITIES|4|September|2023|31|August|2024|
|OT|~~|a|
|gl|jinvestments|(include|Endowments)|3,590|3,630|
|{|@2||||Land and Buildings (see notes re Insurance value)||i|||1,072,543|||1,472,121||||
|io||||
||o3|||Other Assets|i|||||||1|
|lod|Loan(s)|- show amount outstanding|at year end|||41,500|1,500|
|les. {Other Liabilities|
|f4|include|only|Funds|held|at|the|Central|Finance|Board|
|#5|Include|only|CFB|Funds|held|at|Trustees|for|Methodist|Church|Purposes|3|
|g/|include|any|other|investments|(not|the|cash|element|of TMCP|trust|accounts|this|is|inserted|in|line|f5)|
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Name of Circuit .. Soutn Vest sles Methodist Circuit
Declarations and Scrutiny
i confirm that these Receipt and Payment based accounts for the year to 31 August 2024 have been piepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting,
Signature of treasurer ct Bred irdietemicvcpieaes DatedOM: 2t25.
Name and address of treasurer ...... Margaret Birch
Sry Y Mor, Pembrey Rd, Kidwelly. SA17 4TF
Presentation to the Circuit meeting
i confirn that the annual report and accounts for the year ended 31 August 2024 were
presented to the Circuit meeting held on _......12.03.25
Signature of the Chair of the Meeting 02.6... GVRP F CIEE Te ecesses ver senseeseevesereeecavens
Name of the Chair of the meeting .. Rev Geoffe-y Hays
Independent Examiner's Report to the Trustees of the
South West Wales Methodist Circuit
Charity Number. 1144933
Responsibilities and basis of report
| report to the trustees on my examination of the accounts of the South West Wales Methodist Circuit for the year ended 31 August 2024 set out on pages 2 to 3. As the Circuit's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2014 (the Act’).
| report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
- delete or circle as appropriate
Grcaslte_ared_p-2024 v2
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Name of Circuit .. South West Wales Methodist Circuit
Feb-20
independent Examiner’s Statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (etherthan+thatdisetesed-beten*) which give me cause to believe that in, any material respect:
- e the accounting records were not kept in accordance with section 130 of the Act: or e the accounts do not accord with the accounting records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
| have/have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.
Signature of independent examiner 2 Name of independent examiner 7
Relevant professional qualification of independent examiner ...AXStestOTe Cudereeed hispawse OF Benmers
Name of firm (where appropriate) 2.0.0.0... 0... cece cece cee cee bene e ee een eee see eens eeeutensenee ees
coves ueceeetaesecsivitettetertitittetittetetititititsitittitttittiisitisee Post Code SAR) 354,
Date 05/03/2025 cn
- delete or circle as appropriate
5o0f5
circuit-r_and_p-2024
CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS
THE METHODIST CHURCH
STANDARD FORM OF ACCOUNTS
|
South West Wales
circuit
FOR THE YEAR ENDED 31 August 2024
Registered Charity - Charity Registration number
|
1144953
|
If not a registered charity His Majesty’s Revenue and Customs Gift Aid number ||
(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242 )
Ministers:
hontstsinininnnseinnnnnnninninnnnnninnnnnennnnnnntEY, GOOF AAS a ustinununnniinisnnnnnnisinnnriiennnnnmne eeoC A) os
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Circuit Stewards:
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siiinintnnitinininnnninmnaninnnnnnnennadlS AD MAGS a csssssmnnnninsinnnnnininnnnnnnsnnnnnnnnes sitiiutiiinnntinniiinniininnnnannnnnennIA COA a suunnnninnnsiininstininennnnnnne a
Treasurer:
_ Mrs Margaret Birch 1of1
circuit-r_and_p-2024 v2
ACCOUNTS FOR THE YEAR ENDED 31 August 2024
| South West Wales etree
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||||||||||
|---|---|---|---|---|---|---|---|---|
|restricted|Model|Trust|Restricted|Totals|this|Totals|last|
|,|||Un|-|Circuit|
|SECTION A||Funds|Fund|Funds|year|year|
|lai|JRECEIPTS|Note|||£|£|£|£|g|
|a2 |Assessment/Share|||126,336|1 27,020]|
|Capital|receipts|||i|144 402|
|a4\iBankinvestmentand|CFB incomeinterest|and|worl|||34,964|16,917)|i|
||a5a|Grants|||LastseC|37,220|38,338|_30,20963,491|
||__379,039]|
|SECTION|B|
|bt|
|||
|travel|cosis|;|62,184;||53,381|||115,565|144 589|
|ab3|Manse Costs|13,477|17,266|16,249]|
|lb5|Districtlba|acministrationeto||||tt 505]|tat]||||t.0t|
|lb6|Grants|Assessment|||8.588|38,588|36,852|
||b7|& donations||||||e]|28,83|acl|
|SSlofrotaravments|Epenses on other Circuit Property|ai|||taz.ots]19,922eeae27.242]|58,017|||a9.92219,922|L_275.07719,678|
|NET|RECEIPTS/PAYMENTS|FOR|
|[c3]Sub|total|(ci+e2)||10,638] |13,900] (20.797)||
|lca|[transfers and adjustments|||||||[|]|
|cs|TOTAL|FUNDS AT END OF|YEAR|(c2vca]|10.08]|13,900]|(0,77)|
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4 FORthese INFORMATIONamounts should ONLY:not MONEYbe included RECEIVEDin total ANDreceipts/payments PASSED ON TOabove)EXTERNAL ORGANISATIONS a a3 a
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|psecREO|
||L|South|West Wales||:|Circuit|
|SUMMARY OF|CIRCUIT ACCOUNTS|AND|INTERNAL|ORGANISATION|REPORTING|TO|THE|CIRCUIT|MEETING|
|[SECTION|E|Please follow the Guidance|Notes to complete|this page|
|Summary|of|the|Circuit|accounts|for|the|year|ended|31|August|2024|and|Internal|Organisations|reporting|to|the|Circuit|Meeting.|Note|that|the|funds|of an|
|Internal|Organisation|would|normally|be|Restricted|funds|uniess|it|could|be|clearly|shown|that|they|could|be|used|for|any|Methodist|purpose.|This|section|
|must|be|completed|to|arrive|at|the|gross|receipts|and|payments|totals|of|the|Circuit.|If gross|income|exceeds|the|Accruals|threshold|of £250,000,|then|the|
|Accruals|method|of|accounting|AND A|DIFFERENT|FORM|must|be|used|to|report|the|accounts|(see|Methodist|website).|Please|refer|to|the|guidance|
|notes|regarding|transfers|between|the|Circuit|and|connected|Circuit|Organisations.|
|Incense|«=—Sté‘<‘i;<«é‘;;d;StC*d;CSC|ete||Ed|peng|Pd|
|INTERNAL[ORGANISATIONS||||Net Receipts/|||Opening|||||||
|al|||Receipts|Payments|||Payments|||Adjustments|||i|balances|peas balances|||
|lao||||Pp||LE||||||||[||||
|i|||
|{|je}||—|pew|pL|pS|
|eS|||||i||{|—|
|po|KS|OE|ES|ES|
|ee||||||
|leg||jOrganisations[Sub|total|of|Internalfunds|i||"|ii|i|'||(e11)|||(e%2)||
|pT|~|||—|||—|i|—||
|||[Circuit accounts (totals|i|||'|||||||i|||
|eo|brought[page 2|- forward totals column) from|i|236,613]|(a8)|||232,872|(b9))||||3,744|||i|(c7)||ott|619,736]|i|(cé)|||i|623,477]|(cs)|||
|||T|,|
|le10|HELD BY|CIRCUIT|236,613|232,872|3,741|619,736|(x)|:|623,477|||(vy)|||
|Continue|on|a|separate|
|sheet ifnecessary and|bring||TOTALRECEIPTS|||p.\arares|
|the|totals|forward|
|es|TSORf|A|nce|ces|ts|sR|tt ssc|es|a|ee|
|[SecTIONE|
|STATEMENT|OF|ASSETS|AND|LIABILITIES|
|OPENING|CLOSING|
|CIRCUIT|- CASH|FUNDS|HELD|at|31|August|2024|BALANCES|BALANCES|
|lfL_|Cash||in hand|i||||i|~|
||.|||||
|if|[Bank Current Account|i|17,302|15.537|
|;|||
|6B|iBank|Deposit Account|||||
|i|
|le|Central Finance Board|||110,467|||101 aaa|
|Is|HiTrustees for Methodist Church Purposes|L|491,974|Hii|Hl||505,968 ||
||||||||
|fe||Otherfunds|||||
|||||||
|7|[sup TOTAL|_||619,740|(c6}|623,479)|(c8)|
|||£8|{closingTotal fundsbalanceheld totals by Internalabove) Organisations(612)|(the|||||{e11)|||.|l(ei2|||
|9|TOTAL CASH FUNDS HELD BY CIRCUIT|||619,740|(0|623,479|
|em|SR|SEA|AS|A|ASSO|ST|CU|sc|TS|sats|cata|ea|
|SECTION|G|At|At|
|OTHER|ASSETS|and|LIABILITIES|4|September|2023|31|August|2024|
|OT|~~|a|
|gl|jinvestments|(include|Endowments)|3,590|3,630|
|{|@2||||Land and Buildings (see notes re Insurance value)||i|||1,072,543|||1,472,121||||
|io||||
||o3|||Other Assets|i|||||||1|
|lod|Loan(s)|- show amount outstanding|at year end|||41,500|1,500|
|les. {Other Liabilities|
|f4|include|only|Funds|held|at|the|Central|Finance|Board|
|#5|Include|only|CFB|Funds|held|at|Trustees|for|Methodist|Church|Purposes|3|
|g/|include|any|other|investments|(not|the|cash|element|of TMCP|trust|accounts|this|is|inserted|in|line|f5)|
----- End of picture text -----
circuit-r_and_p-2024 v2
4 of 1
Name of Circuit .. Soutn Vest sles Methodist Circuit
Declarations and Scrutiny
i confirm that these Receipt and Payment based accounts for the year to 31 August 2024 have been piepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting,
Signature of treasurer ct Bred irdietemicvcpieaes DatedOM: 2t25.
Name and address of treasurer ...... Margaret Birch
Sry Y Mor, Pembrey Rd, Kidwelly. SA17 4TF
Presentation to the Circuit meeting
i confirn that the annual report and accounts for the year ended 31 August 2024 were
presented to the Circuit meeting held on _......12.03.25
Signature of the Chair of the Meeting 02.6... GVRP F CIEE Te ecesses ver senseeseevesereeecavens
Name of the Chair of the meeting .. Rev Geoffe-y Hays
Independent Examiner's Report to the Trustees of the
South West Wales Methodist Circuit
Charity Number. 1144933
Responsibilities and basis of report
| report to the trustees on my examination of the accounts of the South West Wales Methodist Circuit for the year ended 31 August 2024 set out on pages 2 to 3. As the Circuit's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2014 (the Act’).
| report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
- delete or circle as appropriate
Grcaslte_ared_p-2024 v2
tat?
Name of Circuit .. South West Wales Methodist Circuit
Feb-20
independent Examiner’s Statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (etherthan+thatdisetesed-beten*) which give me cause to believe that in, any material respect:
- e the accounting records were not kept in accordance with section 130 of the Act: or e the accounts do not accord with the accounting records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
| have/have not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.
Signature of independent examiner 2 Name of independent examiner 7
Relevant professional qualification of independent examiner ...AXStestOTe Cudereeed hispawse OF Benmers
Name of firm (where appropriate) 2.0.0.0... 0... cece cece cee cee bene e ee een eee see eens eeeutensenee ees
coves ueceeetaesecsivitettetertitittetittetetititititsitittitttittiisitisee Post Code SAR) 354,
Date 05/03/2025 cn
- delete or circle as appropriate
5o0f5
circuit-r_and_p-2024