| Unrestricted | Unrestricted | Funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | General | Circuit | Designated | Restricted | Totals | Totals | ||||||
| tothe | Funds | Model | Funds | Funds | this vear | last year | ||||||
| accounts | Trust | 2023 | 2022 | |||||||||
| (as restated) | ||||||||||||
| E | ||||||||||||
| Income | ||||||||||||
| Donations and legacies |
1,968 | 1,968 | ||||||||||
| Assessments on churches |
300,009 | 300,009 | 310,452 | |||||||||
| From Monetary investments |
||||||||||||
| From Investment properties |
Rent income | |||||||||||
| Capital receipts | 171,888 | 171,888 | ||||||||||
| Grants received | ||||||||||||
| Investments | 6,144 | 6,701 | 370 | 13,215 | 1,076 | |||||||
| Other | 25,344 | 25,344 | 32,236 | |||||||||
| Total income | 333,465 | 178,589 | 0 | 370 | 512,424 | 343,764 | ||||||
| Expenditure on: |
||||||||||||
| Ministerial stipends, NIC &pension |
11 | 180,730 | 180,730 | 163,351 | ||||||||
| Layworker salaries, NIC & |
pension | 11 | 27/606 | 27,606 | 49,205 | |||||||
| District Assessment | 53,376 | 53,376 | 54,672 | |||||||||
| Methodist Church Fund |
||||||||||||
| Circuit Events | 12 | |||||||||||
| Telephone, travel &administration |
6,505 | 6,505 | 4,970 | |||||||||
| Manse insurance, council tax |
& | water | 12,976 | 12,976 | 14,832 | |||||||
| Maintenance on manse property |
6,727 | 6,727 | 6,790 | |||||||||
| Expenditure on other circuit |
property | 6,818 | 6,818 | 7,440 | ||||||||
| Depreciation | ||||||||||||
| Ourtreach and mission |
13 | ( 16,229) | (16,229) | 5,000 | ||||||||
| Other Expenditure | 14 | ( 1,341) | 180 | (1,161) | 6,954 | |||||||
| Grants and donations | 15 | 1,730 | 1,730 | 33,024 | ||||||||
| District Advance Fund levy |
1,575 | 1,575 | 1,613 | |||||||||
| Total expenditure | 278,898 | 1,755 | 0 | 0 | 280,653 | 347,851 | ||||||
| Net income before investment | gains/(losses) | 54,567 | 176,834 | 0 | 370 | 231,771 | (4,087) | |||||
| Net Gains/(Losses) on Monetary |
Investments | 17 | ||||||||||
| Net Gains/(Losses) on property |
revaluation | |||||||||||
| Net Gains/(Losses) on property |
disposals | 16 | ||||||||||
| Net incoming/(outgoing) | before | transfers | 5' 567 | 176,834 | 370 | 231,771 | (4,087) | |||||
| Transfers between funds |
23 | ( 12,347) | 12,347 | |||||||||
| Reclassification offunds - |
sale proceeds | 24 | ||||||||||
| Reclassification offunds - |
loan repaid | 24 | ||||||||||
| Net movement in funds |
42,220 | 176,834 | 0 | 12,717 | 231p771 | (4,087) | ||||||
| Total funds brought forward | 2,025,998 | 63,006 | 0 | 41,376 | 2,130,380 | 2,124,467 | ||||||
| Prior year adjustment | 25 | 10,000 | ||||||||||
| Total funds carried forward | 2,068,218 | 239,840 | 0 | 54,093 | 2,362,151 | 2,130,380 |
| South Worcester | s | hire Method |
ist | Qrcuit (0 | 5/16 | ) | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| This year | Last year | |||||||||
| 2023 | 2022 | |||||||||
| E | E | E | E | E | ||||||
| Unrestricted | Circuit Model | |||||||||
| Designated | Trust Fund | Restricted | Total | Total | ||||||
| 4.Donations and legacies received |
||||||||||
| Donations: | ||||||||||
| Sundry donations | 1,968 | 1,968 | ||||||||
| Total | 1,968 | 1,968 | ||||||||
| S.Charitable activities - other |
||||||||||
| Assessments on churches |
300,009 | 300,009 | 310,452 | |||||||
| 6.Investment Income/Expenditure |
||||||||||
| Interest and dividends | 6,144 | 6,701 | 370 | 13,215 | 1,076 | |||||
| Rental income | ||||||||||
| Total Income | 6,144 | 6,701 | 370 | 13,215 | 1,076 | |||||
| Expenditure | ||||||||||
| Agency fees | ||||||||||
| Property maintenance | ||||||||||
| Property insurance | ||||||||||
| Total Expenditure | ||||||||||
| Net Gain on Investment | 6,144 | 6,701 | 370 | 13,215 | 1,076 | |||||
| 7.Capital Receipts | ||||||||||
| Sale of Norton Methodist | Church | 246,480 | 246,480 | |||||||
| Connexional Priority Fund |
Levy | (74,592) | (74,592) | |||||||
| Selling Agents fees | ||||||||||
| Legal fees | ||||||||||
| Total | 171,888 | 171,888 | ||||||||
| 8.Other income | ||||||||||
| Contributions towards |
lay employees | 7,178 | 7 178 | 20572 | ||||||
| Transfer ofreserves from | closed churches | 18,166 | 18,166 | 11,664 | ||||||
| Total (Grants plus Other) | 25,344 | 25,344 | 32,236 | |||||||
| 9. Payment toTrustees | ||||||||||
| (A) Payments made to |
trustees for additional | services provided tothe Circuit | by agreement | |||||||
| with the Circuit Meeting | nil | nil | ||||||||
| (8) Number oftrustees The expenses primarily Total amount paid |
who were paid expenses relate to reimbursement for travel, |
postage and | printing costs | 5 3,898 |
5 4,031 |
|||||
| 10.Feesfor examination or |
audit ofthe accounts | |||||||||
| Independent examiner's |
fees | 1,260 | nil | |||||||
| Other accountancy fees | 2,280 | nil |
| South Worcestershire | South Worcestershire | Methodist | Circuit (05/16) | This year | Last year | |||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| E | E | |||||||
| 11.Ministerial | staff costs | 130,726 | 123,105 | |||||
| Gross stipends and benefits in |
kind | 36,817 | 31,260 | |||||
| Employer's | pension costs | 13,187 | 8,986 | |||||
| Employer's | national insurance |
costs | Total costs | 180,730 | 163,351 | |||
| 5.0 | 3.0 |
| Layworker employees costs Gross wages, salaries |
27,242 | 47,244 | ||
|---|---|---|---|---|
| Employer's pension costs Employer's national insurance costs |
Total costs | 364 27,606 |
1,961 49,205 |
|
| Average number oflay workers employed |
3.0 | 4.0 | ||
| 12 Circuit events | ||||
| Other events and costs | ||||
| Total costs | ||||
| 13Outreach and mission Outreach and mission -writeback ofprovision |
Total costs | (16,229) (16,229) |
5,000 5,000 |
|
| 14 Other Expenditure | 1,898 | 1,830 | ||
| Ministers expenses | 850 | 838 | ||
| Apprenticeship levy Training Removal costs and allowances for incoming staff Other Accountancy and Independent Examiners fees |
( 2,070) (5,600) ( 439) 3,540 480 |
125 2,199 1,231 547 |
||
| Payroll charge Trustees for Methodist Church Purposes Admin charge |
Total costs | 180 ( 1,161) |
184 6,954 |
|
| 15 Grants and donations paid |
||||
| Payments made from Restricted funds Paid to individual churches from Trustees for Methodist Paid to individual churches from General funds |
Church Purposes funds | Total costs | 1,730 1,730 |
33,024 33,024 |
| South W 16 Tangible Fixed Assets |
orcestershire Methodis |
|---|---|
| The Circuit owns five manses in active use: |
Deemed values |
| E | |
| 39Barnes Way, Worcester, WR5 3AP | 359,000 |
| 29Waterside, Evesham, WR111BU |
359,000 |
| 14Corbett Street, Droitwich WR9 7BQ |
435,000 |
| 39Victoria Park Road, Malvern, WR14 2JX | 390,000 |
| 210Malvern Road, Worcester, WR2 4LL |
370,000 |
| 1,913,000 |
| Property Disposals |
||||
|---|---|---|---|---|
| Details | Carrying | Sale | Revaluation | Gain/(Loss) |
| None | ||||
| Other Land | Manses | Total | ||
| f | E | E | ||
| Cost or valuation | ||||
| Balance brought forward | 1,913,000 | 1,913,000 | ||
| Additions | ||||
| Revaluations | ||||
| Disposals | ||||
| Transfers between categories | ||||
| Balance carried forward | 1,913,000 | 1,913,000 | ||
| Accumulated de reciation |
||||
| Basis (SLor RB)** | N/A | N/A | ||
| Rate | ||||
| Balance brought forward | ||||
| Charge for year | ||||
| Revaluations | ||||
| Less: Disposals | ||||
| Transfers between categories | ||||
| Balance carried forward | ||||
| Net book value | ||||
| Broughtforward | 1,913,000 | 1,913,000 | ||
| Carried forward | 1,913,000 | 1,913,000 |
| Analysis ofinvestment | movements | This year | last year | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Investments listed on a |
recognised | Stock Exchange | ||||
| Investments held in common investment |
funds | |||||
| Securities not listed on | a recognised | Stock Exchange | ||||
| Other investments | 105 | 105 | ||||
| Total | 105 | 105 | ||||
| Change in investment values |
||||||
| Carrying (market} value | at beginning | ofyear | 105 | 105 | ||
| Additions to investments | at cost | |||||
| Less disposais at carrying value | ||||||
| Net gain/(loss) on revaluation |
||||||
| Carrying {market) value | at end of year | 105 | 105 |
| This | year | Last year | Last year | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||||
| (as restated) | ||||||||||
| E | f | |||||||||
| 18.Oebtors and prepayments | ||||||||||
| Prepaid stipends | 14,644 | 2,360 | ||||||||
| Accrued income | 2,807 | |||||||||
| Loan due from Droitwich | Methodist Church |
8,000 | 10,000 | |||||||
| Other debtors and prepayments | 1,000 | 5,019 | ||||||||
| Total debtors and prepayments | 26,451 | 17,379 | ||||||||
| 19.Analysis ofcash at bank | ||||||||||
| Bank balance held in CAF | Bank | 18,349 | 6,809 | |||||||
| Bank balance held in Central | Finance Board | 169,446 | 177,950 | |||||||
| Bank balance held in TMCP | 238,840 | 63,006 | ||||||||
| Total Cash and Bank | 426,635 | 247,765 | ||||||||
| 20.Analysis ofcurrent liabilities and long term | creditors | |||||||||
| Accrued expenses | 4,040 | 47,869 | ||||||||
| Total Current Liabilities | 4,040 | 47,869 | ||||||||
| 21.Movement on Loans |
||||||||||
| Amount | New | Loan | Repaid in |
Balance at | ||||||
| Source | Purpose ofloan | b/fwd | borrowings | interest | the year | year | end | |||
| f | f | f | f | |||||||
| None | ||||||||||
| Repayment due |
Totals | |||||||||
| Within 12months | 31/08/2024 | nil | ||||||||
| Between 1and 5years | 31/08/2025 | 31/08/2026 | 31/08/2027 | 31/08/2028 | nil |
| Name ofrelated party | Name ofrelated party | Name ofrelated party | Name ofrelated party | Relationship | Income from | Payments to | Loans | from | Loans to | Amounts |
|---|---|---|---|---|---|---|---|---|---|---|
| related party | related party | related | party | related party | owed by/to | |||||
| in the year | in the year | in the | year | in the year | related party | |||||
| f | f | at year end | ||||||||
| ~This aar |
||||||||||
| Circuit Methodist Churches |
300,009 | |||||||||
| Birmingham | District | of | the Methodist | Church | 53,376 | |||||
| Methodist | Property | Fund | ||||||||
| Methodist | Connexional | Grants Team | ||||||||
| Total | 300,009 | 53,376 | ||||||||
| ~Last sar | ||||||||||
| Circuit Methodist Churches |
310,452 | |||||||||
| Birmingham | District | of | the Methodist | Church | 54,672 | |||||
| Methodist | Property | Fund | ||||||||
| Methodist | Connexional | Grants Team | ||||||||
| Total | 310,452 | 54,672 |
| Name | Appointed | Name | Appointed |
|---|---|---|---|
| Rev N JCoke-Woods | 01/09/2017 | P RWetherall | 01/09/2015 |
| Rev P Salter | 06/06/2023 | D M Cooksey | 01/09/2015 |
| H Lewis | 06/06/2023 | Deacon A BMartin | 01/09/2015 |
| A D Martin | 07/03/2023 | R Foot | 01/09/2015 |
| H A V Lewis | 07/03/2023 | M Austin | 01/09/2015 |
| J P Gogarty | 07/03/2023 | RLewin-Jones | 01/09/2015 |
| R H Barley | 01/11/2022 | H W Watton | 01/09/2015 |
| N W SOwen | 01/11/2022 | H M Lawrance | 01/09/2015 |
| A Thomas | 01/09/2022 | G C Cox | 01/09/2015 |
| Deacon C Brown | 01/09/2022 | T Higginson | 01/09/2015 |
| Rev S DT Froggatt | 01/09/2022 | D A Lawrance | 01/09/2015 |
| P C Hawkeswood | 01/09/2022 | M D L Davis | 01/09/2015 |
| C Proctor | 08/03/2022 | N J Stephens | 01/09/201 5 |
| M Saunders | 14/09/2021 | P M Grimwood | 01/09/2015 |
| Rev CJ Collins | 01/09/2021 | J R Merriman | 01/09/2015 |
| A V McWhirter | 09/03/2021 | ||
| KA Evans | 23/02/2021 | ||
| G Drain | 13/10/2020 | ||
| S Drain | 13/10/2020 | ||
| C Merriman | 01/09/2020 | ||
| R Ingles | 17/09/2019 | ||
| EA Yelland | 17/09/2019 | ||
| RA Kane | 17/09/2019 | ||
| C G Hollies | 17/09/2019 | ||
| D A Haslam | 17/09/2019 | ||
| JW De Torre | 17/09/2019 | ||
| D Capel | 17/09/2019 | ||
| P Lander | 17/09/2019 | ||
| A C Capel | 17/09/2019 | ||
| P Gwilliam | 17/09/2019 | ||
| V Day | 26/02/2019 | ||
| Rev KJ Pickering | 01/09/2018 | ||
| J P Curtis | 19/06/2018 | ||
| SA Watkins | 22/03/2018 | ||
| Rev GJ Molver | 01/09/2017 | ||
| A Phillips | 07/09/2016 | ||
| M Wetherall | 09/03/2016 | ||
| H VAshford | 15/09/2015 | ||
| J BEvans | 15/09/2015 | ||
| A V Rich | 01/09/2015 | ||
| CJ Davis | 01/09/2015 | ||
| T Libby | 01/09/2015 | ||
| CJ Parker | 01/09/2015 |