## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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
Ie
g
0|'C
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4I|'C|u e
I
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14C|Year ended
51.$.20|14
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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|||||||||||||||||