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2022-08-31-accounts

Appendix Appendix A Ps 9
South warwickshire Methodist Circuit
Circuit Meeting Membership
MINISTERS Rev Dr lain Bagsrd
Rev Jemima Strain
Rev Jeongsook Kim
Rev Audrey
Simpson
To31August 2022
Rev Sally Jones From I September 2021
Deacon Jane Migs From I September 2022
OTHER MINISTERS RESIDING IN THE CIRCUIT W HO WISH TO SEMEMBERS OF THE CIRCUIT MEETING
Rev Andy Laird To 9June 2022
Rev E Bnen Mason
Rev Richard Wilde
Rev Sem McBratney
Rev Ros Murphy From 1 September 2D21 to 15June 2023
CIRCUIT STEWARDS Trevor Pethick
Miranda Tsrrsnt To31 December 2021
David Withsm- Treasure
Janet Mee To 31 August 2022
Sheila Brown From 3 March 2022
LOCAL PREACHERS R EPRESENTATIVES
Russell Blackweg
CHURCH REPRE EN
Bldford upon Avon Alan Walker 1o 3DSeptember 2021
Cubbington Derek Dwyer
David Chirnwde
Dele Street Rachel Weir To3 March 2022
June Gabbitas From 3 March 2022
Jilt Lloyd From 7September 2022
Joanna Rhodes
Mark Whtehouee From 7 September 2022
Fenny Cempton Lmde Coleman To 16September 2021
Jane Knight To 16September 2021
Henley in Arden Margaret
Blakemore
Andrew Steels
Kineton Michael Phipps To31 January 2021
Roger Carter Froml June2023
Lesley Rimeg From 12October 2021
David
Gill
To 16September 2021
Kengworth Sandra Quarterman From 7 September 2022
Andrew Banned To 30June 2022
Ssgy McCawley From I September 2022
Mervyn
Harvey
To 3DSeptember 2022
Jonathan
Burrows
From 1 June 2023
Mickleton Mark Boulton To 30October 2022
Timothy Mead To30October 2022
Redford Road Margaret
Bull
Andrew Davidson From I April 2022
Christina
Wise
To 31 March 2022
Stockton Heather
Chamberlain
Stratfowl Upori Avon Janet Grant From1 June2023
Kathleen Frsser
David Dumper
Tysoe Christopher
Gibbs
To 16September 2021
Russeg Blaokweg To 16September 2021
Warwick 1revor Blades To 12October 2021
Anne Oliver From
12 October 2021
Julia Barr Froml June2023
Ken Hayward From I June 2023
Trover Wills
Welford upon Avon Brian Bradley
Wegesbourne Alison Lusty To 14October 2021
Carol Cave From 14October 2021
Roger Thompson
Whitnaeh Jan Tyrreg
OTHERS APPOINTED
Climate Change Mark Boulton
Safeguarding Penelope Sharpies From 22 June 2022
Archivist Edward Royle From 22 June 2022

Statement of Financial A ctivities (SOFA) for t he year en ded 3 1August 20 22 22
He
OVee
0
n!
c
'e
e
Tlu0 'o na 35
c e
Tl
ne
'ne
e
C
geZ eee 8
0
'e
e
a
Year ended
31.8.22
ee
n
tU
Co
U nan Year ended
31.8.21
Income
Charitable
activities
Assessments
from churches
277,958 277,958 289,342 289,342
Lettings of manses 11,409 11,409 13,800 13,800
Other 21,738 21,738 33,766 33,766
Interest receivable 240 1,614 1,854 59 1,267 1,326
Total income 311,345 1,614 312,959 336,967 1,267 338,234
Expenditure
Stipends, salaries,
Nl, Pension
261,419 261,419 277,723 277,723
District Assessment 57,420 57,420 55,716 55,716
Telephone
&travel
12,254 12,254 8,852 8,852
Insurance,
utilities, etc
20,210 20,210 20,382 20,382
Maintenance
on manses
8,923 8,923 17,095 17,095
Office costs 12,047 12,047 16,856 16,856
Other Expenditure 23,834 1,061 24,895 22,251 1,001 23,252
Grants and donations 3,239 3,239 943 943
Depreciation 720 720 288 288
Contributions
to District Advance
Fund 19,160 19,160 28,778 28,778
Total expenditure 400,066 20,221 420,287 420,106 29,779 449,885
Net (expenditure} / income (88,721) (18,607) (107,328) (83,139) (28,512) (111,651)
Gains and losses on investment assets
Loss on reclassification 13 (204,187) (204,187)
Other recognised
gains and losses
Redundant
churches
held for sale
371,910 371,910 80,600 80,600
Reclassification
offunds
Transfers between
funds
Draw down from model trust 70,000 (70,000) 100,000 (100,000)
Net movement
in funds
149,002 (88,607) 60,395 97,461 (128,512) (31,051)
Reconciliation
offunds:
Total funds brought forward 3,081,096 372,176 3,453,272 2,983,635 500,688 3,484,323
Total funds carried forward 3,230,098 283,569 3,513,667 3,081,096 372,176 3,453,272

Notes General Fund Circuit Model 31August 31August
(Unrestricted) Trust Fund 2022 2021
(Unrestricted)
6
Tangible Fixed Assets
Land, buildings
&equipment
2,540,803 2,540,&03 2,539,363
Investment
property
12 400,000
Totalled assets 2,540,803 2,540,803 2,939,363
Current Assets
Current investments 13 648,323 648,323 80,600
Debtors and prepayments 14 18,287 230 18,517 22,005
Trustees for Methodist Church Purposes 283,339 283,339 372,136
Central Finance Board De osits 13,242 13,242 51,668
Cash at bank 29,375 29,375 10,209
Total current assets 709,227 283,569 992,796 536,618
Creditors and Accruals (due in under 1yr) 15 19,932 19,932 22,709
Net current assets 689,295 283,569 972,864 513,909
Net ossets 3,230,098 283,569 3,513,667 3,453,272
Funds ofthe Circuit
General
Fund
16 3,230,098 3,230,098 3,081.096
Circuit Model Trust Fund 16 283,569 283,569 372,176
Total Funds 3,230,098 283,569 3,513,667 3,453,272
Dated: 28iune 2023

year Year
ended ended
31.8.22 31.8.21
6
Bidford on Avon 2,937
Cubbington 20,428 20,428
Dale Street 69,276 69,276
Fenny Compton 1,531 6,125
Henley
in
Arden 6,024 6,024
Kenilworth 58,320 58,193
Kineton 6,524 6,524
Mickleton 7,660 7,660
Radford
Road
8,412 8,412
Stratford upon Avon 41,136 41,136
Tysoe 3,980
Warwick 34,060 34,060
Welford on Avon 4,919 4,919
Wellesbourne 11,432 11,432
Whitnash 8,236 8,236
277,958 289,342

8.Interest receivable Year Tear
Unrestricted Circuit Model ended ended
Trust Fund 31.8.22 31.8.21
6 f
Central Finance Board 240 240 59
Trustees for Methodist Church Purposes 1,614 1,614 1,267
Total 240 1,614 1,854 1,326
9.Stipends, Salaries and Associated costs Year ended
Staff Costs paid during the year were: 31.8.22 31.8.21
Nlinisters Total Total
(Circuit Mission Administ-
Trustees) staff ration
6 6 6 6 f
Gross stipends and salaries 145,503 32,368 30,305 208,176 221,713
Employer's
National
Insurance costs 11,957 2,103 1,293 15,353 15,342
Pension costs 34,733 1,383 489 36,605 39,291
Apprenticeship Levy 949 177 159 1,285 1,377
Total staff costs 193,142 36,031 32,246 261,419 277,723
Average number offull time equivalent number ofstaff employed during the year were:
Ministers 5.49 5.92
Mission staff 1.17 1.50
Administration 1.40 1.47
8.06 8.89

disclosed
property.
as part ofstaff costs above. Manses are provided by the Cir cuit and the C ircuit maintain s
the
Year ended
31.8.22 31.8.21
Payments made to trustees who are part ofthe leadership team
Travel expenses 65,580 E1,534
Phone expenses f3,359 E4,545
68,939 66,079
Payments made to trustees who are not part ofthe Circuit Leadership Team for
additional services
—preaching
fees and related expenses E669 nil
Number oftrustees who were paid expenses 8 7
10.Fees for audit ofthe accounts Year ended
31.8.22 31.8.21
Audit fees 63,696 E3,474

Notes to the Accounts f or t he year end ed 31August 2022
11.Tangible
Fixed Assets
Fixtures,
Menses Menses Fittings 8
Land Bugdings Equipment Total
Cost or valuation 6 E 6 6
Balance at 1September 2021 300,000 2,239,363 5,147 2,544,510
Additions 2,160 2,160
Balance at 31August 2022 300,000 2,239,363 7.307 2,546,670
Depreciation
Balance at 1September 2021 5,147 5,147
Charge ofyear 720 720
Balance at 31August 2022 5,867 5,867
Net book value
At 31August 2022 300,000 2,239,363 2,440 2,54O,803
At 31August 2021 300,000 2,239,363 0 2,539,363
Basis ofdepreciation Straig t ine
2/3 years
Menses at 31Aiigust 2022 comprise:
9 Northvale
Close, Kenilworth
Occupied by Circuit Mimster
48 Warwick Place, Leamington Spa Occupied by Circuit Minister
101West Street, Warwick Occupied by Orcuit Minister
22 Gardiner
Road, Kineton
Occupied by Circuit Minister
61Murcott Road East, Whitnash Occupied by Circuit Minister
Ia Hillside Road, Stratiord upon Avon Occupied by Circuit Minister
The Manse, Chapel Lane, Mickleton Included in current asset investments
Cost or valuation
Balance at 1September 2D21 4D0,000
Transferred to current asset investments (400,000)
8elance at 31August 2022 0
Balance at 1September 2021 1September 2021 1September 2021 80.600
Reduction to value ofKnightcote chapel brought forward (7,234)
Fair value of Fenny Compton chapel 171,104
Fair value ofiysoe chapel 208,040
371,910
Mickleton manse -value as an investment
property
400,000
wnte down to fair value (204,187)
195,813
Balance at 31August 2022
Ihe fair value at 31August 2022 is made up ofthe following properties:
E
Knightcote chapel 73,366
Fenny Compton
chapel
171,104
Tysoe chapel 208,040
Mickleton manse 195,813
648,323

14.Debtors 31August 31August
2022 2021
6 6
Prepayments accrued income 18,517 22,005
15.Creditors due in less than one year 6 E
Accruals and deferred income 19,932 22,709
Genera
I
Circuit
16.Reserves Fund Model Tota
I
Trust
Fund
6 6
At 1September 2021 3,081,096 372,176 3,453,272
Net (expenditure)/ income for the year (88,721) (18,607) (107,328)
Loss on reclassification of Mickleton Manse (204,187) (204,187)
Recognition of redundant churchs held for sale 371,910 371,910
Transfer between funds 70,000 (70,000)
At 31August 2022 3,230,098 283,569 3,513,667

Year ended 31August Year ended 31August
2022 2021
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 of Circuit costs)
Warwickshire Circuit Circuit 277,958 289,342
Various churches Churches Grant for youth and
within the Circuit within the mission work
Circuit 943
Warwick Methodist A Circuit Outreach project
church Church
400
Wellesbourne A Circuit Outreach project
Methodist Church Church
162
Wellesbourne A Circuit Grants for Audio
Methodist Church Church Visual equipment 383
Stratford
upon
Avon A Circuit Grants for Audio
Methodist Church Church Visual equipment 2,294
Dale Steet Methodist A Circuit Grant for K4
Church Church equipment
Birmingham Methodist Methodist Assessment (share of
District District
in
costs ofDistrict and
which Circuit Methodist
located Connexion) 57,420 55,716
Birmingham Methodist Methodist District Advance
District District
in
Fund contribution
which Circuit
located 19,160 28,778
Fenny Compton and Churches Assets transferred on
Tysoe Methodist within the closure
Churches Circuit 421,144
There were no amounts owed to related parties at the year end.

Audltor'8 r98pon$lbllltla¥ for the •ud•t of thè flMnrlal statem8nis We have b8en apwinled as auditor under section 144 of the Charitl8s Act 2011 arKI report in accordance ￿th ￿pulatIonS rnade Ltnder Sd¢liDn 154 01 Ihal Aci. Our ￿"ecI1¥￿$ are lo obtain roasonable assuigncè about wthelher Ihtr linaneLg1 statements as 8 whole are free Irarn marerial misstalemeni, whelher due lo fraud or error, anoj 10 issuo an aud+tor's report Ihai includes our opinion. Reasonable a8$uraftce is a hwJh 18Vg1 ol assuraTrcc, bul is rKJI a ouaranlee Ihal an audit conducioil in accorLlance with ISAS ILIKI bwll alway8 dclecl a material rntssiaiemènl when il Bxlsis. Mi5s181grn¢nls can arise from fraud Dr error and are ¢onsider&d mAlerial il, iridividually or in the aggreoaiÈ, Ihey could reasonably be expected to influence the economic 0ocisigns ol usols taken on the basis ol these linancial $l&lernents. Irregularilies. including fraud. ato insidnc8s of non-cornpliance ￿th laws and regulaiian$. We deS￿n pro￿U￿S In line Wilh aur rosponsibiliil?s, oullined abDv8. to doiecl maigriol rnissiaiern8nts In rgycl ol irtegularil￿s, Incl￿￿1￿9 Yraud. The exleni to which our proceduros are capablg of detecting iriegularilies. including Iraud i8 derailed b&low'. We i¢Enllli6d aroas tsf laws and rogulalions thai could reason8aly be expected lo have a rnatvrial elfeci on Ihe financial laiemenis discussed the pollcies and pro￿￿￿￿e$ reoardlno cornt4iancg. specif￿ areas ¢on$klered were a8 follows.. ErN4uSring with ma17qoemont &nd Others ￿ galn an underst8nding ol the organisaiion Ilsell Including operations, lina￿la1 r&portlng and known IraJd or error. Evaluating and undersiandlng the internal control system. Performing anal￿Pea1 procecjures as oxpeclad or unexpected varl8nce$ in account balances or claB80s of tran.. Tesiing documentation supportino ac¢oLJni b81ancs$ or classes ol tranBaciion8. Because ol Ihe Inhorènl Iirnltaiion8 ol an auoil. Iher8 Is a rSgk that wo w511 not dei¢ci All irrooularitJ'e8. Inctudknw Ihose leadiny lo a maiedal missikiemonl in the Ilnancial siaiemgnls or non-cornpliance rogul81ion. Yhi8 risk Incitagos the moro thai compliance wlth a law or reoulaiion Is remov9d from the ovents and Ir8nsaeiions relleciod In the lin&ncial statem8n181 <iS wje will bo less Ilkoly 10 b8come gware ol Instances ol n¢n-cornpliance. Tho ri8k 18 also gr8alor rtgardlno Irreguladi￿S occurrlng duo 10 fraud falher Ihgn error, 88 Iraud involves inientlonal conreallnoni, Iofoery, collusion. omission or mlsronr8seni?r lion. A lurfher descripiion ol our r¥sptrnsk)Ilili98 lor the audll ol the linanc￿l Slolèments is located ¢n thè Flnanciul Aowrtlng C¢uncil's website ai. hllps.'IlwMY.1r¢.org.ukJ()Jr-WorklAudiilAuLI￿t.8n￿-as8uranGeISlandard5-and-guK18nCelSIandordS-and. guidan¢c-lor-aUdiloiwAudliors-rggponsibilii￿8-lQr-au￿1I￿oe5CrlptIQft-of.4udl10[S.r0S[wJn5ibilItros-10r-audIt.aSpx. Thts r19s￿IptiOn lorms pari DI Dur audlior's rgport. W8 comrnunicaio thlh Ihos¢i chÈrg8d wlih governancv regarding. arnong oltter mallers, the plannad scow and tirning of the audll and slgnilicqni audli lindlngs. including any Signif￿￿nI dellcioncles In Internal cor71rol that we idenlily durlng Dur audit. U40 ol our rèport Thls report is madg $vlely to tho charityg tW$lpe8. as a Wy, in accordanco wilh Part 4 of the Charili$s IA¢counts and Reports) R¢gulat￿nS 2CX)8. Our audit work has b8en und¢rlak8n so Ihal we mKJhi Slate to the charity'8 Iru¥tees Ihosg maii8rs wo are r8qulr¢d ID slaic lo Ihom in an 8u4Slor's r8POrt and lor no Olh&r purpos¢. To the lull881 èxleni permilted by 18w, w¢ do nol accgpl or as$umo rosponsibllily lo anyono oihgr than Iho eharlly and thg chwily's Irusiees a8 a bjdy, lor our audll worh. lur thiB repori. or lor ihe opinion8 we have lorffl$d. LLP JW Hinks LLP CharIt￿d Aceountants and Statutory Atsdllors 19 Hlghliekl Road Edgbaston 8irmingharn Wesl Midlands B1538H 28 June 2023