THE METHODIST CHURCH REPORT AND ACCOUNTS for the year ended 31 August 2024 Brornsgrove & Redditch Circuit Registered Charity- Number 1145630 Clrcult number 05118 Ministers Rev S Levett Rev R Wilson Rev L Singh Rev P Powers lunlil 3110812024) Circult Stewards Mrs S Watson Mr l Athey lunlil 3110812024) Mrs M Brown Mrs P Rose (from 01109124) Circuit Treasurer Mr J Wyatt (until 15101120251 Ms Lyn Gennoe {from 1610112025)
TN#ees' Annual Report IDrtheyear ended alst Auyst2024 Legal framework and OTgan15atlon Full Name= Broms8rove & Reddltch Methodist Circuit I'the Circuit'l The Circuit hès pastorèl overslght of 10 Churches In BromsErove and Redditch. During the year a Forest Church was planted at Peck Wood in Alvechurch. è woodland i)wned bythe Methodlst Church. The Circuit's aim 15 to 5UPPOrt the Christian Mi55iDn of these 11 Churches. Charity ReE15tration Nurnber.. 1145630 Date of reBi5tration 26th January 2012 Communication address.. Circuit OWice Ecumenical Centre 6 Evesham Walk Redditch B974EX The members of the Bromsgrove & Redditch Methodist Circuit Meetlll8 are the Charity'sTrustees. Membership of that Meetlng conslsts of Circuit office holder5, mini5ter5 and representstives appointed byihe lo¢al churches. A full Ilst of Trustees is shown as AppendlxA to thi5 report. Trustees are appolnted bythe existlng Trustees. They include ex-officio off{ holders and representstive5 of the 11 thurches. Circuit Mini5ter5 and Stewards are shown on the front pa8e. Circuit LayWorker5'. Mrs Sally Meredith Mrs Anne Batchelor Admlnistrator: Mrs Lucy West The principal officer overseelng the flnanclal management and accountln8forthe Circult Mrjohn Wyatt luntil 15101120251 Ms Lyn Gennoe (from 16101120251 Independent examiner Ormerod Rutter The Oakley. Kidderminster Road Droitwlch WR9 9AY al Centr31 Flnance Board of the Methodist Church bl Trustees for Methodlst Church purposes cl HSBC Flnandal statements forthe yearerbded 31rtAuzu5t 2024 Income Incorne 15 primarily drown from the assessments paid to the Circuit by its 10 estsblished Churches. Attendance5 3t the 10 Churche5 in the Circuit have falled to recover to pre Covld-19 levels. Desplte thls the incomes of the Churche5 have been maintsined close to thelr pre Covid levels. The Churches have all continued to pay their assessrnents to the Circuit at the agreed amounts. The flnancial state of the Churche5 has been monitored bythe Circuit throyghoutthe year and to date. Rentsl income relates to the rentsl of one manse temporarllyoccupled by a 3rd party and rental Income from the hlre of Blackwell Church Hall. Banks EJrpeThdilure Stipend expenditure has in¢ased In Ilne wlth Methodlst Conference approval. The DistrictA55e55ment and Levy15 used to fund the work of the wlder Methodist Church. The wès slgnlficant expenditure on the Man5e5 and other Ctr¢ult propertles rhls year to malntaln and enhance their values. A grant of £34.000 tQ8ether ¥th a loan of the same amount was made to Alcester Church during theyear. Fund balance5 A5 at 31 August 2024 the net current assets less liabilities were £249,505 this compares Wlth last year'5 figure of £318,080 Plans fortheyearend5ng315t Auzu5t 2025 These have been prepared on the ba515 thatthere will be 2 full tlme and I half tlme ordalned staff and the layworkers listed in the legal frarnework paragraph above. It Is apparent that one of the Surplus rnanses will need ro be sold to malntsin an 3dequate level of cash reserve5. This process is underway. Basls of preparatlon and legal framework The fircuivs finèncial ststements for the year ended 31 August 2024 have been prepared In accordance with the Charities Act 2011 and the Charlties.. Statement of Recornmended Pratti as appllcable to the Financial REPOrting Standard IFR51102 Alms and or#anlsatlon of the Clrcutt: The Circuit'5 aim is to assist and oversee 11 Churches and to act a5 a resource providerforthe Methodltt Church within an area around Birmingham. Warwickshire and Worcestershire. The PLJrposes of the Methodist Church are and always have been. the advancement of: al The Christian faith In accordance with the doctrinal standards and distipline of The Methodlst Church,. bl Any charitable purptr5e forthe time belng of any organisation within The Methodist Church strutture.. ¢1 Any charitsble purpose forthe tirne being of any soclety or Institution subsidi3ry or ancillary tD The Methodlx Church.. dl Any purpose for the time being of any charity bein8 a ¢harlty subsldlary to or anci113ryto The Methodist Church The Circuit attempts to achleve it's aims by.. el organising and re50urclng regular publlc atts of worship open to mernber5 of the ChuT£h and to non-members allke. n teachlng ChristianitythrouBh 5errnons. caursÈs and small 8roups. 81 resourclng pastoral work includin8 V15Iting the sick and bereaved. hl le3ding religious assemblles In schools. il promoting Chri5tianitythrou8h the staging ef events and 5ervice5. j) providlng Ch3plaincy 5ervice5 to local institutions.
TNstee5 Annual Report for thp year ended 31st 2024- contlnued Public benefft The trustees have had re8ard to the Charity Commi55ion's guidènce on public benefit. In particularthe Clr¢uit's alms are incluslve of the publlc as a whole and the aims also benefit 311 those of the Christian faith and bellefs. Durlngthe yearthe Circuit has been instrument81 in asslstlng It's 10 Churches to malntèln thelr bulldin8S and outreach which enceura8e Christian Worship. It ha5 alro 5UPPOrted the opening of a Forest Church. Strutturei governance and management The governlns document forthe Circult Is the Deed of Unlon119321 and Methodist Church Act119761 Detailed govemante arrangements are Outllned wlthln the Constltutlon31 Pract 3nd Dlsclpline of the Methodist Church bv order of the annual conference I'CPD'I. Day to day rnan3gement ofthe Circuit is undertaken bythe Circuit Leadership tearn alon8 Wlth the Local PrEachers' meeting. Trustee tralnlng fjuldance published byThe Methodist Connexign to support the running of the Circult, specrfically the leaftet The Role of a Trustee InThe Methodist Church. is available to all newTrustees. Related parties ThÈ Clrcuit 15 Wlthin the Birrningham Di5trltt of The Methodlsi Church. The DSstrlcr Is a£countable to Methodlst Conference. The fgllowin8 Methodist Churches are within the Circuit.. AlSter. Brornsgrove, Catshlll, Crabbs Cross. Emmanuel Reddltch. Lickey End, St Andrew's Church Hill, Studley. The Bridge at Headle55 Cross, Rowney Green and the Forest Church ai Peck Wood Alve¢hurch. Emmanuel Reddltch, The Brld8e and Rowney Green are Loc31 Ecumenical Parntner5hip5 with other Christian denominatlOn5. R15k management Major rlsks are Identlfied and recorded by the Clrcult Leadership Tearn with professional advice taken a5 requlred. ThÈrÈ Is a regular annual review prD¢ess undertaken and recorded. Income and Expenditure 15 monitored and is compared wlth the approved annual budget on a hdlf yearly basls to detect trend5 as part of the risk management process to avoid unforeseen calls on reserves. Safeguardln8 Every person hès a value and dlgnity whlth comes dlrectlyfrom the creatlon of male and female in God'5 own image and likene55. Chri5tlan5 See thi5 Potential as fulfilled by God's re-creatlon of us In Chrlst. Amon8 other thlngsthis implies a dutyto value all people as bearing the image of God and therefore to protert them from harm. Methodlst Connemlonal Pract1 out15nes commitment to the following principles.. the care and nurture of, and respectful pastoral mlnlstry wlth. all chlldren. young people and adults the 5afe8uarding and protettiDn of all children, young people and adults when they are vulnerable the establishing of safe. caring ccmrnunitie5 which Provide a loving environment where there 1$ 5nformed vlgllance asto ihe dangers of abuse. the Careful selettion 2nd trainlng of all those with any responsibility within the Church. in line with Safer Recruitment principle5. in¢ludln8 the use of ¢rimlnal records dlsclosures and registration wlth the relevantvetting and barring scheme5. • the response. without delay. to every cornplaint made which Suggests that an aduk, child oryoung person mav have been harmed and cooperatlng wlth the police and local authority In any inve5ti8ation. 5eekin8 to work with anyone who has suffered abuse. developin8 wkh them an approprlate ministry of informed pastoral care. * seeking to challenge sny abuse cf power, especially by anyone In a positlon of trust. seeklng to offer p3StOTal care and support, including supervislon and referral to the proper authorities. to any member of our¢hurch community known to have offended a8ainst 3 childp youn8 person or vulnerable adult. In all these prinrlple5 we wlll follow le8Sslatlon, guldance and recogn15ed good practl The Circult has commltted Itself to ensuring the implernentation Df Connexlon&l Safe8uardlng Poll¢y, govemment legislatlon. guldance and safe prattice in the Circuit and in the Churches. The Circuit has Committed itself to the provlslon of support. advice and trainlng for13Y3nd ordained people that will ensure people are clear and ¢onf(dent about thelr roles and responslbllltles In safeguardlng and prornotlnB the welfare of children and adults who may be vulnerable. Reserves pollcy The reserves poll¢y ol the trustees Is to hold no more than 6 months normal expenditure after taking account of potential and promised 5UPPOrt of the 11 churche5 in mlssion in¢lvdln8 property maIntenan. Approval of theTrustee$' Report. Revstephen Levett Mrjohn Wyatt oft 16th June 20
Bromsgrove & Reddltch Methodlst Clrcult Clrcult No OSM8 Statement of Financial Activities ("SOFA") for the year ended 31 August 2024 Not88 to Clrcult Modol the Gènéral Fund Trust Fund accounts Iunrestrlctedl IUnroStrfct8dl R¢sirl¢t¢d Endtswmgnt Fund8 Funds Total 2023 Incomè Donations aThY18gades Income from monetary Investmtrnis IncomB fvom inv6slment proper05 A55e55mnts en churches Propety salès Other charitsble InGorne 315.23 19.200.00 170.381.8S 9.451.34 387.81 10.190.90 19,200.00 170,381.85 5,974 30,152 174,816 75.459 6,117 292,517 39,674.36 229.571A4 30,000.00 39A51.34 1,630.57 2.018.38 71.30493 271.077.68 fotallncome 36.52 Expendlture Grants and donallons S88$, natianal insuranr• and pen$lon EOyeeS travel expen58s Propety malnt8rrance Distrfci as88ssm8ni & levy Property Se I Circuit offica expens6s Otsr oulgoirvJs 34.000.00 1,925.05 35.925.05 179.889A2 18,735.87 35,568.76 52,227.26 2,518 186.127 10,035 38,579 46,656 11,092 1.896 13,090 287,992 62 179,889.42 18.735.87 35.588.76 45.708.00 6.519.26 3.826.69 12,943.20 296,671.94 3,82&69 13,479.72 339,652.77 98.55 514.10 41,033.36 19.49 1,944.54 2.93 2.93 92.97 rotsl expendlture GairlISSeSI on mDnetsry inv951rnents Gainsllloss881 on Investment properties Netlneomelp6xpendlturo Tran$fets beh¥een fun(Is Other galns 67,100.50 42,551.91 1,58102 42,150.00 79A2 368.32 128.56 68,476.54 0.00 Netmovementln fund8 Total fun(l& brought forward Totelfunrls carrIr0¥91 24,54B.59 . 1.782,868.00 1,758.319.41 43,732.02 297.223.18 253.491.16 288.90 7,656.31 7.367.41 92.97 1,206.49 1,299.46 68,47&54 2,088,953.98 2,020,477A4 4,464 2,084,490 2.088,954
Bromsgrove & Redditch Methodist Circuit Circuit No 05118 Balance Sheet as at 31 August 2024 Notes to Clrcult Model tho Gon•ral Fund Trust Fund accounts lunr9strl•dl Iunrostrlctedl Rostrlctod Endowmont Funds Fund$ Total 2023 Flxeil Assets Manses & equlpm6nt Investment propertFes Inv8Strnents 1,115,000.00 654.558.00 1.115.000.00 654,558.00 1.414.49 1,770,97149 1,115,000 654.558 1,316 1,770.874 119.82 119.82 1,294.87 1,294.67 Total fixed assets 1,769,558.00 0.00 Curtent A¥sots Debtors and prapaym&nts Loans by the Circuit to churches Deposits with TMCP Deposits with CFB Deposits with HSBC Total cuTrnt assets Current Ilabllltles Creditors Idue In under 1 y88rl Total current Ilabilltles Net cuffent •ss•ts 10 10 3,560.29 3.560.29 146,186.00 114.550.10 975.45 6.753.53 272,027.37 13.9T7 116.838 187,632 6.880 14.996 340.323 146,188.00 107.303.16 7.242.15 4.79 975.45 6,748.09 11.283.83 253,491.16 7,247.59 79 22,522.42 22,522.42 .11,238.$9 22.522.42 22.522.42 249.504.95 22.243 22,243 318,080 0.00 253.491.16 0.00 7,247.59 0.00 4.79 Total assets less ounwnt Ilablllues 1.7S8.319A1 253,491.16 7,367.41 1,299.46 2,020,477.44 2,088.954 Funds of th• Circuit Genera5 Fund (Unrestricted) Clrcutt Model Trust Fund Ivnreslrictedl Total Unr•strl¢ted Funds Restricted Funds Endowment FundB 1.758,319.41 1.758,319.41 1.782.868 253.491.16 253.491.16 2,011,810.S7 7,367.41 1.299.46 2.020,477.44 297,223 2.080.091 7,656 1,206 2,088,954 7,367.41 1.299.46 1,299.46 TotalFund$ 1.7S8.319A1 253,491.16 7,367.41 Approval of the accounts Approval having been received. t Rev Stephen Ltvett Mrjohn Wyatt on 16th June 2025 e account5 were signed by..
Notes ta th8 flnaneial st¥tgrnents 1 Aceount5ng policiès Charity Information Bromsgrove & Rgdditch Circuit of the Methodist Church is 8 Irusl bthich is registered wth th& Charity Commission in Eng18nd and Wales. The regislered office is:_ Emmanuel Church Ecumenical Centre, 6 Evesham Walk. Kingfisher Shopping Centre. Redditch B97 4EX Accountlng conventlon The financial statements havg been prepared in accordance th the Circuit's goveming document and"A¢Untlng and Reporiing by Ch8ri1ies.- Statement of Recommèndèd Pract¢¢e applicable to charities pr&parlng their accounts in accordanco with the Financial Reporting Standard 8pplicable in the UK and Republic of Irg18nd {FRS 102)" leffective 1st January 20191. The Circuit is a trust as defined by FRS 102. The Circuit ha5 taken advantage of the provlslons in the SORP for charilias applying FRS 102 Update Bulletln 1 not to prèp8re a Slalernenl of Cash Flows. Th¢ finBncl81 statements are prepared in slgrting, vthich is the functional currenw of the Circuit. Monetary amounts in those financial slalernenls are round¢d to the nearest £. Golng con¢ern At the lime of approving the financial statements, the Trustees hav8 a reasonable expectatlon th81 the Circuit has adequate resourcès to continue in operational existence for the foreseeable future. Thu5 the Tnjstees continue lo adopt the going concem basis tsf accounting in preparing the finan¢i81 slatemenls. Funds Tho funds held constitute.. 1. General Fund (ch 1$ unrestricted and Ss hèld for any purpose of the Circuit. 2. The Circuit Model Trust Fund has wide purpos8s defined in Standing Orders and Is categorised as unrestrlcted. 3. Restrfcted funds which are held for a specified purposes. 4. Endohwnent funds vthSch 8re also held for specified purposes. Detsils of Restricted and Endonent Funds are disdosed in Ihe final nolg lo the88 accounts. Any funds may be represented by more than just cash. Income Income is Include(1 In tt)e SOFA when the c{Ult becomes enlilled to it. the trust¢¢s are reasonably certain they wll rècalve11,' and the monetary value can be measured wlh sufficient reliability. Expenditure Expenditura Ss racognised when a liability is Sncurrad. or a ¢onslructive obligallon arfsas. vthSch 4 resvlls in the paymenl of the expense being unavoidable. LiabS1itles are ré¢ogni58d as soon as an ouffiow of aconomi¢ benefit Is considered more Ilk8ly than not under the legal or ¢onstructive obligation commSttlng the Circuit lo pay. Grants Giants made by the Clrcuit from Its own funds are recognised in fvll al the lime of agreernent or when the Circult accepts that there is a legal or op¢ptSonal obligation to make the payment. VAT Since the Clrcuil is not VAT registered. all Input VAT18 charged with the expens8 to whl¢h il refers. Tanglbl¢ fix•d •s¥ets for use by the Clreult Tangible fixed assets are capitalised11 they can be used for more than one year, and cost at le8St £500. Tangible fixed Bssats other than buildings are written off over their useful economic lives. Freehold Property. belng Mlnlst6rs' residen5es or Manses, is shown In the accounts at 2015 deemod values, of which the land component is deemed lo be £375,000. No depreciation is provided on the bulldlngs on the freehold properties because the trustees consider the current residual fair value of the buildings to bè not1gs¢ than their deemed value. The propgrtlgs have been reviewed for impaSrm&nt. For detsils see r50te 6. Invèstmènt propertlg$ Other investment properties include Blac11 Church H811- lch is shown at insured value then It was transferred lo the Circuit during the year to 31st August 2020. Tho other investment proportlas ara shown al fair value. No depreclatlon is provided on Investm&nt proporties as the Iruslees consider the currant rèsidual value lo be not less than their insured or fair valu&. For d&t8ils sge note 7. Investments Investments are valued in the balance sheel at markot value al the year end. Investment income is included in th$ accounts when receivable and any gains or Ilydses on revaluation at the yaar end are shown in the SOFA.
Not8s to tho flnanclal stat•m•nts - continued Debtors and Prepayments In the General Fund Ih85e 8re in respect of buildings insurance premiums paid in advance. In the previous year. Seplember 2023 Stipends w8rtr 81s0 paid in advance. In the Circuit Model Trust Fund the debtors are loans by the Circuf( to the Churches. Credltors Creditors include sundry expenses accrued. and the 1st quartor of next yèarfs as58ssment received in advance. Flnanelal Instruments The Circull has elected lo apply the provisions of Section 11 'BasSc Fln8nci81 Instruments, and Section 12 '01her Financial Instrumants Issuès. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Circuit's balance sheet then the Circuit becomes party to the conlraclual provisions of th8 inslrurnenl. FSnancial oss9ts and liabilitie5 are offset, wilh the net amounts presented in the fin8n¢i81 stslemenls, when there is a legally enforceable right to set off the recognised amounts and there is an Intentlon to setue on a nel basis or lo realise the asset and setde th$ liability Baslc flnan¢ial a$sets Basic ftnan¢lal ass¢ts. which include debtors and cash and bank balances. arg inltlally measured at transaction price including tr8nsactlon Costs and are subsequently carried at amortlsgd cost using the effective interest method unless the arrangemgnt constitutes 8 financing transaction. wthèrè thg transaction is measured at the present value of the futur¢ rè¢&ipts discounted at a market rate of Inlerest. Finanelal assots classffied as receivable within one year are not amortlsgd. Impairnient of financlal assèts Financial assets. other than those held 81 fair value through income and expenditure. are assessed for indicators of impairrnent at each reporting date. FinancSal assets 8re irnp8ired where there Is objectivè èvidèncg that, as a result of one or more events that occurred afterthg Initial recognition of the financial asset. the estimated fttture cash flo have been affected. If an asset is impaired. the impaimient loss Ss th& difference belween the carrying amount and the present valu8 of the 8stSmatsd cash tlows discounted at the asset's original th¢tlv& interest rate. The impaimient loss is wcognised In net In¢omelexpenditure for the year. If therè 1$ a decrease in the impaimient loss arising from an event o¢currlng after the impaimienl was recognised. Ihe impaimient is rèvèrsed. The reversal is such that the current carrying amount does not exceed what the carry5ng amount would hav8 bgèn, had the impairment not previously boan r9cognis8d. Tho imp8irmenl reversal is recognised in net In¢omelexpertdilure for the year. Derocognition of financlal assets Financlal assets a derecognised only when the contractual rights to the cash flows from the assgt expire or are settled. or when the Circuit transfers the finan¢ial asset 8nd subslanlially all the risks and rewards of ownership to another entity, or if some signrficant risks and rewards of ovmership are retained bul control of the asset has transferrad lo another party that is able lo sell the asset Snlts 6ntlrèty to an unrelated Ihinl party. Baslc financlal Ilabllltl•$ Baslc financial liabilities, including cre¢Jilors and bank loans are initlally raeognised al transaction price unless the arrangement constitutes a financing transaction, there Ihe debt Instrumgnt is measured al the present value of the fuiure paymenls discounL8d at 8 market rale of inlerest. Flnanclal Ilabllltles dassified as payable wthin one year are not amortised. Debt instrumen15 are 3ub5equenlly carrled at amortised cost. using the effective interest rate method. Trade crgdltors are obligation$ lo pay for goods or services that have been acqulred In the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities Sf payment is due wthin one year or less. If not. they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measurtrd at amortised cost uslng the effective interest melhod. Derecognltlon of financlal Ilabllltl•$ Financia5 liabilitios are deregnISed when the Circuit's contractual oblSgatlons 8xplr8 or a discharged or cancelled. Taxation The Circuit is exempt from taxation on Its charitabl8 activ{$. Investments Investments are stated at deemed market value.
Notes to th8 financial statements - contlnugd 2 Payment*0 Trusts•5 There were no payments made to tru8t8es for addillonal serwices provided to the Clrcull, exduding stipends whlch are Induded in not84 below. However there wer8 exp8ns8s of tIU5tee5. 2024 2023 Number of Trustees pald exwn5e5 Total amount paid 10 £11,779 £10,035 Eypensp paents primarily late to reimburs8rneTht frjr tdephone. travd and compthing costs 3 Fe88 forexaminatlon ofthè flnartcial 5tatsm8nts 2024 2023 Ind8P8ndent examlnerfs fee5 for r8porJng on the Inancial statements £1.440 £1,368 0lherfe8s18g.' a¢¢8, accountancy s8rvlceBI pald to the independ8nl oxamln&r. NIL NIL 4 Pald employees Staff Costs pald durlng the yearwere.. Gross Wdge5. salaries and benefit5 in kind Employerfs Nation81 Insurance costs Pension costs 2024 2023 £132,984 £10,695 £144,107 £11,382 £24,401 £179,889 £22.448 £186,127 Total staff costs Average number of lu1141mo ¢qulvalent employees In the year were.. 5 Capltal commltmonts and ¢ontlngent Ilabllltlos At the year end therè were no capitsl carnmilments No contingent liablllues wer8 identified.
Notes to the flnanclal ststèmgnts - contlnued 6 Tanglble fix•d assets Cost or valuatlon Fixtures. rittings and •quipment Mansés Total Cost or valuation Balanc8 brought fOard 84lan¢e carrfed fonvard 1,115,000 1,115,000 3.589 3.589 1,118,589 1.118,S89 Accumulated depreclatlon Balance brought fOard Balance carrled forward 3.589 3.589 3.589 3,589 Not book value Brought forward Balance carried fotward 1,115,000 1,115,000 1,115,000 1,115,000 7 Investment assets Dw•lllngs- Flxtures. prevlously Former Church Ilttlngs and Manses Hall equlpmont Total Cost or valuation Balance brought forward Balance carrlgdforward 230,000 230,000 424,558 424,558 654,558 654.558 Net book valua Brought fotward Balance carrlgd fonv&rd 230,000 230.000 424,558 424.558 654.558 654,558 Note- Subsequent lo the year end another manse has become an invastmgnl property.
Notes to the financlal statemènts- contlnued 8 Analysls of rèstrlcted and endowment funds Restrlcted Funds Openln9 Balance Incomlng R85ou¢S Out9olng Investm•nt ReSoUeS Movements Transtsrs Closlng Balance Purpose of the fund Nama L M Harbridg8 Eomorris Hdyoakes Manses S&RMoor& MWIB 3.995.79 210.00 195.00 2.841.36 114.24 299.92 7.656.31 211.27 11.39 -199.88 3,995.79 G&n8ral Mi&8ion 210.00 G8neral Mission 195.00 Education & Youlh Mission 2,841.36 Manse costs 119.82 Gener81 MissEon 5.44 Support Connexional Fund3 7.367.41 10.31 150.23 4.89 1,630.57 2,018.38 -10.31 -142.13 4.89 8.10 5.58 1.925.05 1.944.54 rat•ls &58 468.32 Represented by.. Cash Investments 7,247.59 119.82 Totals 7.367A1 Endowment Funds Oponing Balance Incomlng Resources Outgolng Inv8Stmant R•sourc85 Movements C1051ng Balance Transfers Purpose olthe fvnd Name Morrts & Hicks Mts L E Foster Anon 178.60 389.33 638.56 1,206.49 13.62 29.95 49.40 92.97 192.22 General Mission 419.28 General Misslon 687.96 General Misslon 1,299A6 11.80 19.28 36.$2 -10.69 -17.46 -33.59 1.82 2.93 Totals Rèpre58ntsd by: Cash Invastrnents 4.79 1,294.67 1,299A6 Totals 9 Flnanclal Instruments 2024 2023 Carylng arnount of flnanclal ass•ts Debt instruments m8asur8d al amortised cost Canylng amount of financlal IlabllltJe8 Mèasurèd at 8rn0rtised cost 3.560.29 13.976.61 3,560.29 13.976.81 10 D8btor¥ Arnounts falllng due withln one r. Prepayments and accrued Income other debtots 3.560.29 146.188.00 149.748.29 13,976.61 116,838.00 130.814.61 11 Credllors Amounts falllng du• wlthln one year: Aecruals and dafèrred Income oth&r creditor3 13,410.37 9,112.05 22.522.42 19,835.86 2,406.85 22,242.71 12 Analysls of nèt assets betWn funds Unrg8¢dctsd Restrlet•d Endowment Total Fund balances at 31 August 2024 are represented by: Tangible assets Current a8set5 less liabi151ies Total Funds 1,769,558.00 242,252.57 2,011,810.57 119.82 1,294.67 1,770,972.49 4.79 249,504.95 1,299.46 2,020,477.44 7,247.59 7.367.41 13 Relatèd Party Tr3nsactlons Th8 Circuit is lS18d to th8 10 Churches In the Cireuit and the 8irmingham District ol th8 Mèthodist Church in that the Circuil and all these bodie5 are under the ultimate control of the Methodrst Connexlon. During tha year the Circuit received £170.38212023 £174,816) frorn thg Churches. The Circuit paid £52,22712023 £46,556) to the District and £nil12023 £11,092) to the MethDdi5t Connexion.
Bromsgrove & Redditch Circuit DECLARATIONS Treasurer I retired as a Trustee and Treasurer on xx January. However. as the financial activities of the Circuit were under my control throughout the year ended 31st August 2024, 1 confirm that these accrual based accounts for the year ended 31 August 2024 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit Meeting. Signature of Treasurer Name of Treasurer John L Wyatt Address 10 Westminster Court. 3 College Road, Bromsgrove B60 2NE Presentation to the Circuit Meeting for approval. I confirm that the 8nnual report and accounts for the year ended 31 August 2024 were approved by the Trustees at a meeting on xyxth June 2025 and were signed on the same day. Signature of Superintendent Name of Superintendent Rev Stephen Levett Date 16th June 2025
Independent Examiner's Report to the Trustees of the Bromsgrove & Redditch Methodist Circuit I report to the trustees on my examination of the accounts of Bromsgrove & Redditch Methodist Circuit for the year ended 31 August 2024 Responsibilities and basls of report As the trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of these accounts carried out under section 145 of the 2011 Act. In carryrng out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 1 accounting records were not kept in respect of the Circuit as required by section 130 of the 2011 Act., or 2 the financial statements do not accord with those records., or 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view which is not a matter considered as part of an independent examination. I 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 financial statements to be reached. rry Rutter FCA Fellow of the Institute of Chartered Accountants in England and Wales Ormerod Rutter Limited Chartered Accountsnts The Oakley Kidderminster Road Droitwich WR9 9AY Worcestershire
endix A Trustees who have served in offlce from 1st September 2023 until 16th June 2025 Circuit staff RevAnne Smith- Rev Steve Levett Rev Ruth Wilson Rev Latika Singh Synod representatlves Sheila Collins Sally Meredith Fiona While. ** Administrator Christine Chambers" Lucy West. Supornumerary Mlnlsters Rev Alan 8idnell Rev Barrie Cooke Rev Trevor Lockwood Rev Julla Pellett - Deacon Gwynn Bamford Deacon Janet Thomas Representatlves of Circuit Churches Alcester Christine Scott." cher Hawkes- Alison McAdam Elizabeth Folkes ' Llckey End Beth Haden ' DavSd Perry Simon Robert" Gladys Hatton. Circuit Stewards Sue Walson Les Last. lan Athey- Maureen Brown Pam Rose. Rowney Grgen Andrew Dunkers Pamela PBtts ' Kale Collett. Brornsgrove Sheila Sharman Laura Hodges Margaret Adam5" Val Sargeant. Miriam Prosser" Anne Eager"" Brenda Torbet" Tery Clarke Allson Thurston ' st Andrews an Boyce." Jean Underwood - John Hardy. Maureen Foxall ' Clrcult Treasurer John Wyatt- Lyn Gennoe ' LoGal Prea¢hors SgGretaries Linda Ashworth . Lyn Gennoe" Sarah Leeson ' Studley Mary Last Sue Popley Ray Popley Tom Roberts ' Les Last. Catshlll Martin Tingle Davld Morgan ' lan Jones ' Jessica Knott. Lindsay Penislone ' Clrcult Safeguardlng Officers Lyn Andrews ': Sheila Collins Sue Pinfield . ** The Brldge Tery Bill Matthew Bai18y- Roger Ling . SUB Pinfiold ' Lay Workers Jarnes Knott" Anne Batchelor" Sally Meredith Crabbs Cross Pam Rose Gill Kendrick Rex Needles"" Emmanuel Keith Thomas Lyn Renh8rd' Christine Allured Fiona While, Sarah Leeson. Pearf Swanborough . retired during the period appointed during the period