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2020-08-31-accounts

Appendix Appendix A
South Warwickshire Methodist Circuit
Circuit Meeting Membership
MINISTERS Rev Peter Powers - Sup erintendent Minister To 3'I August 2020
Rev Dr lain Ballard From I September 2020
Rev Barbara Greenwoo d
Rev Jemima Strain
Rev Sam McBratney
Rev Jeongsook
Kim
Rev Audrey Simpson
OTHER MINISTERS RE SIDING IN THE CIRCUIT W HO WISH TO BEMEMBERS OFTHE CIRCUIT MEETING
Rev Andy Laird
Rev EBrian Mason
Rev Richard Wilde
CIRCUIT STEWARDS Trevor Pethick
Miranda Tarrant
David Witham
-Treasurer
Janet Mee
Kathleen Fraser To 31 August 2020
LOCAL PREACHERS REPRESENTATIVES
Russell Blackwell
CHURCH REPRESENTA TIVES
Bidford upon Avon Alan Walker
Barry Sutcliffe
Cubblngton Derek Dwyer
David Chirnside
Dale Street Rachel Weir
Joanna Rhodes
Fenny Compton Linda Coleman
Jane Knight
Henley in Arden Margaret
Blakemore
Andrew Steels
Kineton Michael Phipps
David Gill
Kenilworth Jo Roberts To 21 April 2021
Andrew Bennett From 21 Apdl 2021
Mervyn
Harvey
Knlghtcote Antony Charles To 2 March 2020
Mickleton Mark Boulton
Timothy
Mead
Redford Road Margaret
Bull
Christina Wise
Stockton Heather
Chamberlain
Stratford upon Avon Margaret
Smith		 To 17December 2020
Kathleen Fraser From 17December 2020
David Dumper
Tysoe Christopher
Gibbs
Russell Blackwell
Warwick Trevor Blades
Trevor Wills
Welford upon Avon Brian Bradley
Wegesbourne Alison Lusty
Roger Thompson
Whltnash Keith Miles To 31 August 2020
Jan Tyrrell From I September 2020

8
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g
0		 'C
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IL
E
C
4I		 'C u e
I
f!a o
14C		 Year ended
51.$.20		 14
C
C
I
ll
U		 14
4I
U		 TI
14n
5		 14
4Itj
C
14C
U-		 Yearended
31.8.19
Income
Charitable
activities
Assessments
from churches		 285,063 2853)63 210,146 210,146
Lettings ofmanses 4,638 4,ssa 9.000 9,000
Other 16,293 16.293
Interest receivable 563 4,269 4,832 338 4,711 5,049
Cash balances received on circuit merger 42,630 4,036 46,666
Fixed assets received on circuit merger 775,000 775~
Total income 1,124,187 8,305 1,132,492 219,484 4,711 224,195
Expenditure
Stipends, salaries,
Nl, Pension		 246,653 246,653 163,050 163,050
District Assessment 52,080 52,0$0 40,000 40,000
Telephone
&travel		 13,755 234755 12,289 12,289
Insurance,
utilities, etc		 21,320 21,320 14,277 14,277
Maintenance
on menses		 12,166 12,166 12,423 12,423
Other Expenditure 39,037 1,172 40,209 26,739 811 27,550
Grants and donations 9,952 9,952 10,098 10.098
Interest payable
Depreciation 908 2,010 2,010
Contributions
to District Advance		 Fund 34,573 34,578 21,653 21,653
Total expenditure 395,871 35,750 431,621 280,886 22.464 303,350
Net {expenditure) / income 728.516 (27,445) 700,$71 (61,402) (17,753) (79,155)
Other recognised
gains and losses
Redundant
churches
held for sale		 12 (700) (700)
Costs of bringing
Snitterfield
Church to sale		 12 7,122 7,122
Reclassiflcation offunds
Transfers between funds
Draw down from model trust 50,000 (50,000) 50,000 (50,000)
Net movement
in funds		 77$,516 {774445) 700,$71 (4,280) (68,453) (72,733)
Reconciliation offunds:
Total funds brought forward 2,205,519 578,133 2,7$3,452 2,209,599 646,586 2,856,185
Total funds carried forward 2,983,635 soo,saa 5A$4,323 2,205,319 578,133 2,783,452

el 31August 31August
0Z 2020
6		 2019
5
Cash flows from o eratin activities
Net cash
rovided b		 used in ratln activities 67005 97,477
Cash flows from investment activities
interest and rent from investments 9,586 13,884
Purchase
of		 lant and ui ment 1,730
Proceeds from sale of current asset investment 247,376
Net cash
mvidedb		 usedin investment activities 9586 259,530
Change
in cash		 and cash equivalents in the reporting
cried 57419 162,053
Cash and cash equivalents at the beginning ofthe
re ortin
cried		 18 600,310 438,257
Cash and cash equivalents at the end ofthe reporting
cried 18 542,891 600,310

Reconciliation
of net inc		 ome/(expenditur e
to net cash flow		 from operating
acti		 vities
Net income/(expenditure) for the reporting period (as per
the statement
offinancial		 activities 700,871 79,155
Ad'ustments
for
De reciation char es 909 2,0'IO
Interest and rent from investments 9,470 14049
Increase /Decrease
in debtors		 921 6,949
Increase/ decrease
in		 creditors 14,764 666
Non cash assets received on circuit mer er 775,000
Netcash
rovidedb
usedin
o eratin		 activft/es 67,005 97477
Pege ll
South Warwickshire Methodist Circuit
Balance Sheet as at 31August 2020
Notes General Fund Circuit Model 31August 31August
(Unrestricted) Trust Fund 2020 2019
(Unrestricted)
4
Tangible Fixed Assets
Land, buildings 8 equipment 2,539,651 2,539,651 2,165,560
Investment
property		 12 400,000
Totalfixed ossets 2,939,651 2,939,6S1 2,165,5
Current Assets
Debtors and prepayments 13 19,092 314 19,406 20,443
Trustees for Methodist Church purposes 500,374 500,374 577,703
Central Finance Board Deposits 16,983 16.983 17,635
Cash at bank 2S,534 4,972
Total cunent ossets 61,609 562,297 620,753
Creditors and Accruals (due inunder 1yr) 14 17,625 17,625 2,861
Net current assets 43,9 500, 544,672 617,892
Het assets 2,983,63 500, 3,484,323 2,783,452
Funds ofthe Circuit
General
Fund		 15 2,983.635 2,983,635 2,205319
Circuit Model Trust Fund 15 500,688 578,133
Totolsunds 2,983,635 3,484,32 2,783,452

8.Interest receivable 8.Interest receivable 8.Interest receivable Year Year
Unrestricted Circuit Model ended ended
Trust Fund 31.8.20 31.8.19
f f
Central
Finance		 Board 563 563 338
Trustees for Methodist Church Purposes 4,269 4,269 4,269
Total 563 4,269 4,832 4,607
9.Stipends, Salaries and Associated costs Year ended
Staff Costs paid during the year were: 31.8.20 31.8.19
Ministers Total Tota I
(Circuit Mission Administ-
Trustees) staff ration
f f f f f
Gross stipends and salaries 146,457 19,681 28,727 194,865 127,615
Employer's
National		 Insurance costs 11,615 1,013 958 13,586 8,478
Pension costs 36,234 113 694 37,041 26,055
Apprenticeship Levy 919 97 145 1,161 902
Total staff costs 195,225 20,904 30,524 246,653 163,050
Average number offull time equivalent number ofstaff employed duding the year were:
Ministers 5.75 3.92
Mission staff 1.00 0.53
Administration 1.67 0.96
$.42 5.41

11.Tangib le
Fixed Assets
Fixtures,
Manses Menses Fittings &
Land Buildings Equipment Total
Cost orvaluation F. E E E
Balance at 1September 2019 250,000 1,914,363 5,147 2,169,510
Transferred in on circuit merger 50,000 325,000 375,000
Additions 0
Balance at 31August 2020 300,000 2,239,363 5,147 2,544,510
Depreciation
Balance at 1September 2019 3,950 3,950
Charge ofyear 909 909
Balance at 31August 2020 4,859 4,859
Net book value
At 31August 2020 300,000 2,239,363 288 2,539,651
At 31August 2019 250,000 1,914,363 1,197 2,165,560
Basisofdepreciation Straig t ine
2/3 years
Menses at 31August 2020comprise:
9 Northvale Close, Kenilworth Occupied by Circuit Minister
48Warwick Place, Leamington Spa Occupied by Circuit Minister
101West Street, Warwick Occupied by Circuit Minister
22 Gardiner Road, Kineton Occupied by Circuit Minister
61Murcott Road East, Whitnash Occupied by Circuit Minister
Ia Hillside Road, Strafford upon Avon Occupied by Circuit Minister
The Manse, Chapel Lane, Mickleton Currently let, included
in investment		 property

Cost orvaluation
Balance at 1September 2019
Transferred
in on circuit merger		 400,000
Additions
Balance at 31August 2020 400,000

13.Debtors 31August 31August
2020f 2019
f
Prepayments accrued income 19,406 20,443
14.Creditors due in less than one year f f
Accruals and deferred income 17,625 2,861
General Circuit
15.Reserves Fund Model Total
Trust
Fund
f f
At 1September 2019 2,205,319 578,133 2,783,452
Net (expenditure)/ income forthe year 728,316 (27,445) 700,871
Transfer between
funds
At 31August 2020		 50,000
2,983,635		 (50,000)
500,688		 3~,323

17.Relate d party transa ctions
Year ended 31August Year ended 31August
2020 2019
Name of related party Relationship Description of Income Paid to or Income Paid to or
transaction from goods from goods
related provided related provided to
party to related party related
party party
Methodist Churches Churches Assessments (share
within the South within the ofCircuit costs)
Warwickshire
Circuit		 Circuit 285,063 210,146
Various churches Churches Grant for youth and
within the Circuit within the mission work
Circuit 996 1,297
Various smaller Churches Grants for Audio
churches
within the		 within the Visual equipment
Circuit Circuit 3,089 1,923
Various smaller Churches Grant for new hymn
churches
within the		 within the books
Circuit Circuit 530
Tysoe Methodist A Circuit Grant for new fence
Church Church 992
Tysoe Methodist A Circuit Ark project
Church Church 420
Kenilworth Methodist A Circuit Grant towards cost
Church Church of resurfacing
car ark 3,300
Stratford
upon Avon		 A Circuit Grant towers awning
Methodist Church Church 1,000
Dale Steet Methodist A Circuit Grant for K4
Church Church equipment 3,668
Various churches Church within Grant for Bread
within the Circuit the Circuit Church equipment 747
Birmingham Methodist Methodist Assessment
(share of
District District in costs ofDistrict and
which Circuit Methodist
located Connexion) 52,080 40,000
Birmingham Methodist Methodist District Advance
District District in Fund contribution
which Circuit
located 34,578 21,653
Rev DGreenwood Spouse of a Preaching fees
trustee 295 630

31August 31August
2020 2019
Cash at bank 25534 4972
Central Finance Board Deposits 16983 17635
Trustees for Methodist Church Purposes deposits 500374 577703
Cash snd cash equivalents at the end ofthe reporting period 542891 600310

Independent
Audfior's
Report lo the Trustees ofSouth Warwickshire
Methodist
Circuit
Opinion
Ws have audited ttie financial slalemenls
of Scuff Wanvlclwliire
Methodist
Circuit (gie 'charily')
for the Rior ended 31August 2020 whbh comprise ofthe		 Statement ol
Rnanclal Acfivltles, Statement
ofCash Rows, Balance Sheet and notes ta the financial etalemenls,
Irwluding a summary
at significant		 accounting poliaies The financial
reporting
framework
that has been applied
in their preparation
is applicable
law and United Kingdom Accounting
Standards,
including		 Financial Reporfing
Standard		 102 The
Rnarmb/
bymrlfiig
S/endsnf
ap/ybabfe
m the Uffand RslwM/c ofIre/end
(Unfied Kingdom
Generally Accepted Acooungng
pramice).
In our opinion Ihe financial stalemenb:
give atrue and fair view ofthe stale ofthe charity's
affalrs as at 31 August 2020, and of its incoming resources
and applbafion		 of resources, Including ils
income and expenditure,
for the year then ended;
have been properly prepared
in accordance
with United
Kingdom
Generally Accepted Accounting
pramlce;
and
have been prepared
In accordance
with the requirements
oftire Charities Act 2011.
IMsls for opinion
We conducted
our audfi
in acconlarwe
with International
Standards
on Audfiing
(UK) (ISAs (Ulq) and applicable
law.		 Our responsibilities under those standards are further
described
In the Auditor's
responsibifiges
for the audit ofthe financial
statemerrts
section of our report. We ars independent
ofthe chwily
in		 accordance
with		 Ihe ethical
requirements
that ere relevant
to our audit sf the financial
statements
In the UK, includirg the FRC'e Ethical Standard,		 and we have fulfified our ether ethical responsbilities
in eccordarwe
with these requirements.
We believe that the audfi evidence we have obtained
is sulficient and appreprlste
to provide a		 basis for our opinion.
Conclusions
relagng lo going concern
We have nothing to report
in respect of the fofiowlng
maNers
in relation to which Ihe ISAs (UK) require us to report to you whore
Ihe trustees'
use ofthe going corwern baste of accounting
In Ihe preparation
at the firmncial slalemerits		 is not appropriate; or
the trustees
have not disclosed
in the financial
statements
any identified
materiel
uncenalntles
Ihat may		 cast significant
doubt		 shout the charity's ability to
congnue to adopt the going concern basis of armounting
tor aperiod of at leasl Iwelve months
from the date		 when the Snanclal statemenls are aulhorbed for issue.
Other Information
The Irusteee are responsible
for the other mformagon.
The other information
comprises the information
included
In the lmslees
annual		 report, other than the financial
statements
and our auditor's
report thereon.
Our opnion on the financial
statements
does nol cover Ihe other information
and, except to the extent		 olhendse expllcfily stated
in eur report, we do riot express any farm td assurance conclusion
thereon.
In connemlon
with our audfi ofthe financial statemenls,
our responsibility
w to read the other information
and, in doing		 so, consider whether the other information is materially
inconsistent
with the financial statements
or our knowledge
obtained
in the audfi or otherwise appears lobe materially		 misstated.
Ifwe		 identify such material incenslstencles
or apparent
material
misslatements,
we are required to determine
whether Ihere is a malarial
misstatement
in the financial
statements		 or a material misstalement ofgie
other information.
II, based on the work we have performed,
we conclude thol there isa materiel
misslatement
ofIhis		 other Information, we are required to report that feat.
We have riothing lo report
in this regard,
Matters on which we sro mqulred
lo report by exception
We have nothing to report
in respect ofthe fallowing
matters
in relation to which the Charfiies (Accounts and Reports)		 Regulaliens
2008 require		 us to report te you if, in our
opinion.
the information
given in the financial statements
ls Inconsistent
in any malarial rasped
with the trustees'		 report; or
Ihe charily has nol kept adequate
accounfing
records, or
the financial slatemenls
are not in agreement
with the mwountlng
records ard returns; or
we have rmt received
afi the information
and explanations
we require
for our audit.
Responslbfiltles
oftrustees
As explained
mare fully In the trustees'
responsibifitles
elatemenl,
the trustees are responsible
for the preparation
ofthe financial
sistern		 enls and for being satisfied that they
give a Irue and fair view, and for such Internal
rmmrol as Ihe trustees detemfine
ie necessary to enable the preparation		 of financial
stalemenls
that are (ree from		 material
misstatement,
whether
due to fraud or error.
In preparing
the finaroial slelements,
the trustees are msponsible
forassess irg the charity's
ability to continue asagoing concern, disclosing, as appficsble,		 matters related
to going coroern and using Ihe going cancem basis of accounting
unless Ihe Irustees either Intend lo fiquidale the charfiy or locease operatiorw,		 or have no realistic
aNernalive
but to do so.
Auditor' ~responslbfibles
for Ihe eudN ofthe flnandal
statemenls
We have been appointed
as auditor under secgon 144ofthe Charfiles Acl 2011 and report in acmrdance
wfitt regulations
made under		 section I04 of Ihat Acl.
Our ob)ecfives are lo obtain reasonable
assurance
about whether
Ihe financial statemenls
es awhole are free from material misstatement,		 whether due to fraud or error,
and lo issue en auditor's
report thai includes our oplniori. Reasonable
assurance
isa high level ofasswance,
but is not aguarantee
that		 an audit condurted in accordance
with ISAs (UK) wfil always detect a material
misstatement
when
It exlsw. Misstatemenls
can arise from fraud or error		 erd are considered
malarial		 if, individually or in the
aggregate,
they could reasonably
be expemed
lo irrfiuence the eeorwmic decisions
of users taken on the basis ofthese financia statem		 enls.
A further descrlptian
ofeur responslbfilties
for the audit of\he flnarwlal
statements
is located on the Financial
Reporting		 Coundl's
websfie at		 hfipsy/www
frc		 erg uk/Our-
Work/Audit/Audit
ard-assurance/Standards-and-guidance/Standards
and-guidance-for-auditors/Auditors-responsibilities-for		 audt/Oescriplion-ef-auditors-responsibilities-for-
audit.aspx. This desciiplion
forms part ofour auditor's
report.
We communicate
with those charged vrth governarme
reganfing,
among other matters,
Ihe planned scape end liming
signfilcant delblenoes
in internal
control Ihat we identify
during
our audit.		 of Ihe audit snd signifbanl audit Sndings, including eny
Use ofour report
This report is made solely tothe charity's trustees, as a body, In accordance
with Pan 4ofthe Charfiles (Accounts and Reports) Regulations		 2000. Our audit work has been
undertaken
so that we mlg Mstats to the charily's
trustees
those mafiers we are required lo state to them
in en auditor's
repen and for		 no other purpose. To Ihe fullest
extant permlNed
by law, ws do not accept or assume
responslbglty
to anyone other than the charily and the charily's
trustees as a body,
for the opinions we have formed.		 for our audit work, far this report, or
JW Hinks LLP
Chartered
Accountants
and Statutory
Audfiors
19Hlghf laid Road
Edgbaslon
Birmingham
West Midlands
0103BH
[4) 0(O
2021