C5rcult Accruals Accounts THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 Augusl 2024 South Worcestershire Methodist Circuit (05116) Registered Charity Number 1164581
South Worcemershlre Methodlst ClrvJit1051161 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED AUGUST 2024 PaRe I Inirodurtlon South Worce5ter5hire Methodist fjrcuit is a small but Yibrant C4rcuit with churthes based around the dtyof Worcester and the towns ol Droitwich, Evesham and Malvern. It contain5 both rural and urban area5 and all in between. Aims and organlsatlon As Methodlsts in South Worcestershlre, mlndful ol'our Calling. and the Priorttles of the Methodist Church, we seek to serve, enable, inspire and challenge our member churthès to en8a8e In God's mlssion in a changlng world by.. Providing opportunities to grow together as Spirit-led, grace-filled, Jesus-centered people of God. • Asslstlng our churches In intteasing awarenes5 of God's presenté and sharing the l¢)vè ol God In our communi*5. Helpin8 our churches to work for1ust1 and peace for all people, and Ca lor the environment. Re¢W ofthe ytaf South Worcestershire Methodistcircuif has fulfilled its objettwes during the last year by supportin8 the thurches withln the CifCUIt providinE Christian ministry in their localities. Whilst the Churches experienced a negative effect on their seNe$ followlng the pandemic, they have worked hard to respond in innovatNe ways and are continuing to 0)ver, although various challenge5 remain. Congregations consist of merr.bers able to atte4d woryhip physically, and those who wor5hlp online from home,. several churches have embraced this hybrid approath by iftvesting li resources and training to enable this. Rev Katherine Pickering continued a5 Actsn8 Superintendent throughout 2023-24, with supernumerary ministers undertakln8 additional work to support the Acting Superintendent and pro¥ide cover fstaff on sitk leave and sabbatical. In addition to the 5uperintendenL the Circuit has supported 3 full-tSme presbyters and a full-tlme deacon to exertise pastoral oversight of the 8 churches that now make up the Circuil and also a part-tSme presbyterwho was stationed to the Circult In lune 2Q23 to take pastoral chargé at Evesham Methodist Churth until Au8USt 2024 lin tbe absence of the Superintendentl,. unfortunatÈlv this rol& was also Impacted by staff gickne5s leave. A new Superfntendent minister Rev Ellzabeth Harris has been appointed and will take up their post In September 21J24. Some churches continue to ffnd it difficult to meet their finanoal commibnents. Following a review of the circuit assessments, the Circult Meeting in March 2024 agreed to maintain the assessments for the coming 2024125 year. The Circuit provided voluntary support and leadership for the local churthes in the forrn of Local Preachers and Clr¢ult Steward5. There are also many other office hderS who support the thurthes ¥th help and athce on property. finance, worshlp and work with young people. Our churches have supported various local and worlwide tharitable causes. and several churches have bulldings which are used by their l¢xal communities. The tircuit tontinues to entourage varied work aeross the tircutt, supporting a part-time Famlly Worker at Droitwich and a part-time Pastoral Worker li Mafvern. The Circuit has ssjpported numerous Warm Space initiatives at Circuit churche5. The church at 8roadway closed in lune 2023 and has since been s91d, Income and expenditure tsends Circuit Income mainly adses from the assessrnent pald by each of the fircukt th.urches. 5tlpend expenditure Increased in line wlth the levels approved by Methodist Con'.erence. Due to the compiexSties of staffing invofvlng ord31ned ministers Sn Dur Circuit over the past two years. which has been impacted by various fonns of absence. the Orcuit is seeknn8 to offset sorne ol the costs incurred vla the Methodist Connexion. Lay 5alarie5 have also been intre35ed in line with the higher level of stipends. The Clrcuivs ¢ontribution to the INstriet and Connemlon a8aln amounted to 16% of expendlture116% in 20221231, ol which a slgnificant part used to fund the work of the wider MerhOdt thurch. Fund balances As at 31 Au8USt 2024 the net cuTnt assets of the (Srajitwere £878,395, providin8 o¥er one yearf5 cover for circult expenditure. Plans for 2024ft5 A new Superintendent minister, Rev Elizabeth Harris, has been ststioned to the fjfcuit and w¥ll begin work in September 2024. The Grcuit looks forw?rd to welcoming her. Two of the Circuit presbyiers, Rev Katherine Pickering & Rev Nigel Coke-woods, will sit down Iretirel in August 2025. The Circuit has entered the stationing Pro5$ and is seèking one full time and one part- tlme prèsbyterfor these roles, starting September 2025. Desplte the Staffing issues and other challewes, Circuit life contiwtue5, and plans for Outreach and Mission are being revlslted and developed. The ar¢uit Is continuing to develop mi5sional stratregie5 to support the work of the Circuit and churche5 in posltive ways, as we enable and support the on8oing good work of our conger8ations and communities
South Worcestershlre Methodist C1UltI05I1sI Trustee's Annual Report on Flnance and GovernaA Page 2 Basis of preparation and le8al framework Thè Charit¢s annual report and accounts for the year ended 31 August 2024 have been prepared In accordance with the Charitie5 Act 2011 and the Charities- Statement of Recommended Practice 2019 as applicable lo the Firbancial Reporting Standard IFRSI 102. Full Name of CharSty'. South Worcestershire Methodist Circuit Registration Charity Number.. 1164581 Date of Registration: 26 November 2015 Main communication address- The Qrojtt Office, Amphlett House. 114 Worcester Road, Droitwich, WR9 8AW The members of the South wOrstershIre Methodist Circuit meeting are the Chartty Trustees, membership comprlslng of circuit offlce holders, mlnlsters and representatives appointed by the local churches. Full membership is shown as Appendix A to this report. Clr¢ult Mlnlsters and Officers Active Circult Ministers Deacon Corlnne Brown Rev NiRel Coke-woods Rev Elizabeth Harris lioined SeDt 20241 Rev Same McBratnev (left AuRust 20241 Rev Gary moer Ileft AuRust 20241 Rev Katherine Plckedn Clrcuit Lt7yworkers Miss Anne Rlch Mrs Sarah lessop Circultstewards Mrs Hèather Lewis Mr David Mather Mr5 christlne Parker Mrs MarRaret Saunders Mrs Sheila Weary Admlnistrator Ms Vanessa Heam Treasurer Mr Tirn Hlggin50n Independent Exominer James Crus8 FC4 ACCA- JW Hinks LLP, 19 Highfield Rod, Edgbaston, Blrmingham, B15 3BH 8ankers Central Finance Board of the Methodist Church- 9 Bonhill Street, London. EC2A 4PE CAF Bank Ltd- Z5 Kin85 Hill Avenue, Kings Hill, West Mallln& Kent, ME19 4JQ Investment 8onkers The Trustees for Methodist Church Purposes - Central BuikJin85, Oldham Street, Manchester, Ml UQ
South Worcestershire Methodlrt Clrcult {051161 Page 3 Aims and organisation The charity objective is to act as a Resource provider within the area around Worcester, Evesham, Malvern and Droitwlch for the Methodist Church. The purposes of the Methodist Churth are and shall be deemed to have been since the Date of Unlon, the advancement of,. al The Christian faith in accordance wrth the dortrinal standards and discipline of the Methodist Church,. bl Any charltable purpose for the time being of any Connexional. District, Circuit, local or other organisation of the Meihodlst Church. cl Any charitable purpose for the time being of any society or InsttIon sub51diary or ancillary to The Methodist Church,. dl Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church. Including, but not exclusivety: The organisation and resourcing of regular public acts of worship open to rnembers of the church and non members alike. The teaching of Christianity through sermons, courses and small groups. The re50urcing of pastoral work including visiting the sick ènd bereaved. Taking religious assemblies in local schools. Promotion of Christianity through the staging of events and services. Provision of chaplaincy seNices to the local university and other institutK)ns. Public Benefit We confirm the trustees have had regard to the Charity Commission's guidance on public benefit. Strnrture, Governance and Management The governing document for the circuit IS the Deed of Union119321 and Methodist chUh Act119761. Detailed governance arrangements are outlined wtlhin the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference ICPDI. Day to day management of the circuit is undertaken by the Circuit Leadership Team, along with the Local Preachers meeting, the Circuit Finance and Property Committies and the Circuit Meeting. Trustee Tralnlng A range of guidance is produced by Methodlst Connexion to support the effettive running of the circuit, specifically the leaflet'The Role of a Trustee in the Methodist Church, is given to all new Circuit rneeting members as induction to their role as trustees. Related Partles The Circuit is part of the Birmingham Distritt and is accountable to the Methodist Conference. The following Methodist Churches are linked to the Circuit- St. Andrews Worcester, Droitwich, Bromyard Road, Ombersley Road, Lansdowne Crescent, Somers Park Avenue, Upper Welland and Evesham. Risk Management There Is a regular annual review process undertaken and recorded. Income and EKpenditure is being monitored in total and Is compared regularfy with the approved annual budget to detect trends as part of the risk management proces5 to avoid unforeseen ca115 on feserves.
South Worcestershlre Methodlst Circuit105116} Page 4 Safeguarding Everyperson hos o volue ond di9nity which comes dirertlyfrom the tret7tion of mole andfemole in God's own image and likeness. Christians see this potential asfulfilledby God's re-creotion of us in Christ. Among other things this implies a duty to value t711 people t75 beoring the image of God Jnd therefore toprotert themfrom harm. Methodist Connexlonal practice outlines commrtment to the followin8 principle5.- * The care and nurture of, and respertful pastoral ministry with, all childreni young peopFe and adults. * The safegaurding and protection of all children, young people and adu$ when they are vulnerable. * The establishing of safe, carlng communitle5 which provide a lowng environment where there 15 informed vigilance as to the dangers of abuse. We will carefulty selert and train all thosewith any responsibillty Within the Church, in Ilne with Safer Recrultment prlntiples, includlng the use of criminal records disclosures and registration with the relevant vetting and barrinE schemes. * We will resporsd without delay to every complaint made whKh suggests that an adul¢ child or young person may have been harmed, cooperating with the police and local authority in any investigatK)n. * We wlll seek to work wlth anyone who has suffered abuse, developing wfch them an appropriate ministry of informed pastoral care. We will seek to challenge any abuse of power. especialty by anyone in a position of trust. We will seek to offer pastoral care and SLlPPQrt, including superyision and referral to the proper authorities, to any member of our church community known to have offended against a child young person or vulnerable adult. In all these principles we will follow kgislation, euidano and recognised good practice. The South Worcestershire Circuit commit5 itself to ensuring the impkmentation of Connexional Safeguarding Policy,. government legislation, guidance and safe practice in the circuit and in the churches. The South Worcestershire fjrcuit commits Itself to the provision of support. advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable. ReseNes Poli The Reserves Policy for the Circuit 15 to hold a minimum sum equivalent to 4 months, average expenditure. This should be sufficent to meet any unforeseen iteffl of rnajor expenditure on man5e5 and / or to be able to continue, in the short term, funding planned activities in the event of any inability to raise the full Circuit Assessment from churches. Restricted reseryes - the amount shown in the 2023124 accounts of £56,926 is restricted to the expenditure relating to an Evesham lay worker. During the year no lay worker was empSoyed at Evesharn so the balance ha5 accumulated with interest.
th Worcestershlre Methodlst ClrthlE1051161 Page 5 ststement of FinanrialActi¥ltles ISOFAI forth¢y¢•rehded 31 Awst 20Z4 are1 Deslfjnatod Restrftted Fur Fuhds rotals this year 2024 Tota15 tast vear 2023 lo the Tru51 Income Donatlons and leg4cles Assessments on churthes 400 1,968 300,CQ9 298.365 298,365 From Monetary Investments From Investment propertles Rent Incorne Capltal reteipts Grants received 429.438 429,438 171,888 Investments 7.121 20.351 13.125 1833 23,079 20,351 771.633 13,215 25,344 512,424 Othe¥ Total Income 442ts63 833 Expenthture on: Ministerlal stlpends, NIC & penslon Layworker saliries, NIC & pon Olstrlct Assessment Methodist Church Fund Clrcuit Events Telephone, travel & adminlstration Manse Insurance, council tax & water Malntenance tnaTrse property Expenditure on other clrcult propertv Oepreciatlon Ourtreach and rn45sb Other Expendlture Grants and don4llons Olstrlct Advance Fund levy Total expendlture li li 177,967 29.n7 177.967 29.737 56,988 180,730 27,fJ)6 53,376 12 11.154 19.366 17.263 5,291 IL.154 19,366 17,263 5,291 6,505 12,976 6,727 6.818 9A72 4,214 707 9,472 4,895 707 116,Z291 IL,1611 1,730 L,575 14 9.442 9,442 391.159 io.u3 Z80,653 Net Income beforeinvestmin¢ s•ns/l1055•51 Net Gain51lL¢ssesl on propety dlsposals Net Gain5llL055esl on property revaluatlon Net GalnsllL0$5esl on Monetary Investrner Net IneomlA811ouiidnil before transfers Tran5fer5 betV4een fvnds ftecla5sifi¢ation of funds- sale pr¢xeed5 Reclassifi¢ati¢rt ol funds- k)an repald Net mov•rn•nt in fwds 15,9121 4x410 2,833 9,JS1 ZJi,771 16 17 15,9221 43 833 429,351 Z31,711 23 24 24 15,9121 431440 833 429,351 231,771 Total funds brou8hi forward Prlor year adlu5trneTrt funds cled Forward 2.068.219 239.840 54.093 2,362,152 2,130,381 2S 4W97 6712K* 54926 2.791,S03 1362,IS2
South Wor(e5tershlre Mhodt5t aUl1{a$/I6> B•lanteSlt as at 31 Au8USt Z024 Pa6e 6 aurt Modd Fund Restrirted fvnds Total5 this ve•1 2024 Tgtals l•sl 2029 funds lunds Unrestrxted N¢xes TaTrIle Flxed Assets Land & Bulldlngs Equipmenr Investment propertle5 Investfflents 16 1,913,000 1,913,<MM) 16 16 17 108 1,913,108 105 1.913,105 rotulfixed osstts L913,108 Crrent Assets Debtors and Prepayments C8sh at Bank ènd In hand Tru5tee5 for Methodist Church FrposeS de[sIt$ Centrnl FlTrance Board Deposfts Totaltifftntossets 18 27.541 16,863 IS2,L04 179,645 n,789 26,451 72,442 19 56,926 19 19 520.176 520,176 114,806 888,416 238,840 115,354 453,087 114.8( IS9.210 672.280 56,92 Cfeditors and A1$ Idue In urKler I yearl Trade creditors and accrua15 Total due In under Iyr 20 10,021 10,021 10,021 10,021 Net current assets Illabllltlesl Totalossets less current lobilities 149.189 Z,D62.297 672.280 56,926 56,926 878,395 2,791,503 449,047 2362,152 672.280 Loans and Cr8ditow5 Idue after I yearl pro$10$ for Ilabllttles and charges 21 1062,297 672,280 56.926 2,791,503 2J62,152 Funds of ihe arcult General fund5 Circult Model Trust Fur Designated Funds Restricted fund5 2,062,297 2,062,297 672,280 2,068,219 239.840 23 6n.2 23 23 56,926 56,926 56,926 2,791,$03 54,093 2,362.152 23 2,062,297 672,280 Surnmary of the Inter1 Or8anlsatSons reportSng to the alt Meetln& The funds of an Internal Organisatlon would normalty be Restricted fndS unless Yc could be cleavty shown that they coukl be used for any Methodist purpose. rnal Or anisation ODenin lan aoslng Total
South Worcester5hlre Methodist Ofcult 1051161 Page 7 Notes to the ACtntS l Basls of a¢countlng The flnancial statements have been prepared in accordance with the (harities Act 2011 and the Charitles.. Statement Recommended Pr8Ctlce ISORPI appllcable to charltles prèparlng thelr accounts In accofdance wlth Flnanclal Reporting Standard IFRSI 102. 2 Funds The funds held constitute.. General Funds held for any purpose of the Circuit, whith are Unrestricted. The Circult Model Trust Fund ha5 wide purp95es defined in Standing Orders and15 categorb5ed as Unre5trlcied. Re5trlcted FurTrd5 are held for a narrower purpose. Detalls of each material fund are disclosed in Note 23 of these accounts. Any funds may be represented by more than lust cash. 3 Account5ng pollcies Basis These accounts have been prepared on the basLs of historical ¢ost lexcept that investments are shown at their market value al the end of the yearl, on the acEruals b4515 tQ show a true and fair view of the Clrtuit's flnandal posltion and activities. Irbcomlng Resources Income is included in the Statement of Financial Artiwlie5 ISOFAI when the Circuit becomes entitled to the re5ouices, and the Trustees are reasonablè certaln th VAII the rèsources. and ihe monetary value can be measured wlth fflclenr reliability. Resources Expended This is recognised whèn a liability 15 incurred. or a con5tructNè obligation arlses, that results In the paymènt bèing unavoldable. knabilitie5 are rewgni5ed a5 soon as an oufflow of economic benefit is considered mole Ilkely than not undei the legal or constructive obllgation committlng the Circuit to pay out resources. Grants GTants made by the Circuit fro)m its own funds are IniSed in fvll at the time of agieevnent or when the Circult accepts that there Is a legal or operational obligatlon to make the payment. When the grant is recurrent over more than one year the balance payable futtsre years is treated as a provision for fvture commitrnent5 in the Balance Sheet agalnst the appropriate fund. the provision being released in future year5 as in5talrnents afe paid in accordance with the origlnally a8reed tèrms. VAT Since the Circuit is not VAT registered, all input VAT is charged with the expen5e5 to which it refers. Tanglble fimed a55ets lor use bythe fjrcuit These are capilali5ed if they can be used for more than year. and Indlvldually cost at least El.LN)O. The freehold property is shown in the accounts ai deemed values. No depreciation is provided on the buildings because the trustees consider the current residual fair value of the manse buildings to be not less than their current value. Any depreciation would not be material. The properties have been reviewed for impairment. Investment Propèrtrès The Clr¢uii did not hold any investment properties during the year. Investments Investments ale valued in the balan sheet at market value at the year end. Invesrment Income Is Included In the accounts when receivable and any 8ain5 Or losses on revaluation at the yearend a shown in the SOFA. Debtors and Prepayments Debtors include the payment of thè September stipend In August, and other prepayments. Creditors Creditors Include accrued expense5 and trade creditors
South WoT¢•5t•rshlr• melwhtorclO5Jl6I Pay8 5tyear 2023 2024 unread Qrtyjtt Model Oeslgnated Trust Fund Re51rKted Total Total 4. Donatlons and14ades rttelved Donations.. SuTh4ry dohatlons To¢al 1,968 . Chavltableartl¥ltles- other Asses5rnents on churthes 298,16S 3W.LK19 6. catal lietdpts Sale of Norton Meth¢yJlst Church cneXoal PrK.'iry Fund Levy S31e of Broadway Mèthodist Churth ConDexiGllal Prity Fund Le Share of proceed5 from Mickleton manse Selling Agents fees Legal fres Total 246.480 1745921 425.038 1146.0151 150,415 A25.038 1146,0151 150.415 429,4a8 429,438 171.88 7. InYe5tment IncomelExp•wjre IlereSt and dIdendS Totsl Intome ExpendltLÈre AgeDry fee5 Property malntenance Property Insurante Totsl Expenditsre 7.121 7.121 ,125 .125 2,833 2J13 23,079 23AI79 13,215 13.2 Net Gain on lttvéstm 7,121 13,125 2.833 23,079 13,215 8. Other Income CantrlbwtKY15 toward5 lay employees Rental Sncome fvom dDsed thurches District Advance Fun¢J rebate Prayer handt)ooks Transfer Df rEserves from cknSEd churches Tot (Grants plus Otherl 11,787 11,787 4.533 3,612 419 7,178 3,612 419 ,166 15344 20351 ZO.351 9. Paymentto Trwtees IAI Payments fflade 10 trusteesfor addlInal seThI$ ded tothe Clrcuit areement wilh itre Circuit Meeting 181 Nurnberoftru5tees hthowere expènses The expens prfmarfty relate to ¥eimlr$eTrt for trrt. W5tage arml prinbn%costs Totsl amoufit paid 3.178 3,898 10. Fees Igi examlrHtlon ar4udltolthe Kc4vJnts IndepeDdeni examinerfsfees Other accountanty fees 1320 1,260 2.280
Page 9 South Worcestershire Methodlst Clr(JJtt1051161 Thls year 2024 Last year 2023 11. Mlnlsterlal staff costs Gross stipends and benefits in kind Employer's pension costs Emplo)yer's national insurance costs 130,975 34,796 12,1% 177,967 130,726 36,817 13,187 180,730 Total costs AveraBe number of full-tlme minlsterial employed Pensions Most ordained prèsbyters and deatons are members of the Methodist Minister5, Pension Scheme IMMPSI. This 15 defined benefrt pension scheme. The Supreme Court held in 2014 Ihat the Methodlst mlnisters Iwhich term includes presbyters and deacons) are not employees of the church. For slmplicity. however. when dealing with National Insurance Contributions and pension contributions, the terms'employer, and 'employee' are used as they would be in an employlng body. The Connexion accounts for the MMPS and shows the figures In the ènnual Meth¢xlist Chur¢h in Great Brttain accounts. The MMPS is in deficit but a Dlan for removal of the defiat h35 been urooosed and is b"n imolemenled. Detalls of the deficlt on thls scheme can be found in the Annual Report and Accounts of the Methodist Church at www.methodist.org.uk. Layworker employees Costs Gross waRes, salaries Employer's pension costs Ernployerfs national insurance costs 29,225 27,242 512 29,737 364 27,606 Total costs Average number of lay worker5 employed 12 Clrcuft events other events and costs Total costs 13 Outreath and mlssSon Qutrea¢h and misslon - IPY contalned writeback of provi0} 9,472 9,472 116,2291 116,2291 Total costs 14 other Expenditurè Ministers expènsès Ilncluded in Ouireach and Mission) Apprenticeship I Training Removal costs and allowances for Incomin8 Staff Other Accountancy and Independent Eyaminws fees Payroll charge Trustees for Methodlst Church Purposes Admin charge 1,898 850 12,0701 15,6001 1439 3,$40 480 180 11,1611 814 1.324 60 1,536 480 681 4,895 Totsl ¢otts IS Grants and donatlons pald Payrnents made from Restrided funds Paid to indwidual churchès from TrustÈès for Mèthodist Church Purpose5 fvnds Paid to individual churches from General funds 707 707 1,730 1.730 Total cost5
Page 10 South Worcest•rshlre Methodlst Clrcult (051161 16 Tanglble Flxed Assets The Clrcuit owns five manses in actlve use.. Deemed values 39 Barne5 Way, Worcester. WR5 3AP 29 Waterslde, Evesham, WRII IBU 14 Corbett street, Droitwich WR9 7BQ 39 Victoria Park Road, Malvern, WR14 2JX 210 Malvern Road, Worcester, WR2 4LL 359,LKK) 359,( 435.(KK) 3,( 370.IYA) 1,913,CO) During ihe year, the Circuit dld not own any propertie5 dassified as investrnent properties. Property Dlsposals Detalls None Carrying Sale Revaluation GainllLossl Other Land Manses Total Cost or valuation BalantÈ brought forward Addltlons Revaluatiglls Dlsposals Transfers between categories Balance Carried forward 1,913,¢YXI 1,913,LK 1.913.Cth 1.913,CQO Acrumulated de reciatlon Basls ISL or RBI. Rate NIA N/A Balance brought forward Char8e for year Revaluations Less.. Disposals Transfer5 bètween categories Salan ¢arrled forward Net book value 8rought forward Carried forward 1.913.CKKI 1.913.(Kl 1,913,(N)O 1.913.CNY) *41 Indicates the method of depreciation (SL= strawhtline. R8= reducing buluncej, the rote of depretlqton, Stroight line Is bosed on the onticipatedlifv (Jf the asse¢ andReducffng 8alOn is bused on o percentoge dedurtlon mode eoch yeur.
Page 11 South Worceslershlre MethodSst CIrlIo5116) 17 Imiestments The funds that SUPPDrt the Circuit Model Trust Fund are held by TMCP in Trustees Interest Funds on which Interest Is cyedlted monthly. These are regarded as medium and long-term investments. TMCP is the legal owner and Custodian Trustee of all Methodist Trust Property, including legacles, Endowments, and Accumulated Funds. Trust property 15 held for and on behalf of local Managing Trustees who are responsible for the day to day management of ifust property. TMCP ensure that, by providing guidance and acting under their direction. the Managing trustees ¢ompfy with charity law and Methodist law and policy as determirked by Methodist ConfÈrentè. Analysls of Investmerrt movements Th15 year 2024 L•st year 2023 Investments Ilsted on a recognised Stock Exthange Investments held Sn common investment funds Securities not listed on ? recogni5ed Stock Exchange Other investments 108 105 Total 108 105 Change in investment values Cairylng Imarketl value at bèginnlng of year Addition5/lnterest to investments at cost 105 105 Less dlsposals at carrylng value Net gain1110s51 on revaluation Carrying Imarketl value at end of year 108 105
Pa8e 12 Th1$1 Lastye•r 2013 18. Debthrs and prepar Prepald stlpends Accrued income 13,711 14,644 2,W7 1.689 Man councll tax Instslrnentsdue 6,053 IsUranCe relund 777 Share of proceeds MickletoTr manse Loan dup frorn Droltwicb Methed15tthurch 150,415 Other debtots ad prepayments Total debtors and pwayments 179,645 26.451 19. Analy51sof cash 4tb•nk ank balance held ITr CAF 8ank 16,863 14349 nk balance held in Centsal finance Board 174732 169N46 aDk balance hdd in TMCP 520,176 708,771 238,840 426.635 Totsl Cash ind Bank 20. Analws of curyeDt 4abllltie$4nd t¢irn (r Accrued expenses Totsl rrent U3bllths IOP21 10,021 ZL Mo¥emeTrton loa New Loan Repaid In Ihe year Balance at source Purpose of loaTr bltwl bofrowin85 interest vearend None ApaymEnt due Within 12 months Totals 3tIO811025 3110811026 Between l and 5 years 3V0812027 3VIW2029 22. Capltsl Commllments and GMtkn¥ent lll11Q$ At 315t August 2U24 thÈ Cirtulthas noeaFNt21 commthnts and no con$ert liabilibeswere idenbf*d.
13 Unrt#rf¢ted Funds E¥w Iwre 63lance dPJ5tmeTrt knrryne 326237 TMrfefS Ificatn ealaice General Fund le%d. Asssl ISS219 133U591 149,297 Gefflernl CIrctrnn1ve¥pÈTrse De518n4ted funds sét adt lorthè 6711 fiJrthance olthe4bjectfvesofthe Clrojlt Ckwll Model TrustFund 239,810 442,SVJ IiOJ231 Tot5 395,059 1344J21 811577 Rwtrtrt Funds fth EBW Lwfivoiker s4,f3 56?Z6 EVe$h laywotkeF S4,IV33 54926 Total ofUnrtttr1cthd and Restilrted fvndsexdu 449.152 878,503 Property-rnaTrse5 Totsl Funds 1,913.W) 1352.IS2 1.913X 2.13 The tea5on5f0rthetratWcfE a5fDIkn¥5.' 24. th1as4ffQDOfffjds CilOJit pro9Ertyls al¥yay5 Cared In theGtherd Fund butUPOD salethe etpreed5ale thearcull ModITr1 Fund. Th15rqUIresn adiJstmEnl3nd y5Uth 5ale5 dwinEtheyeafate fefiErtV_ knLvwatthenet5 piice. Theti %verr 8rWnB bansorpiwrtYylfsduhn¢ th. DEtalls CMfF tl•ttrJ Restrkied Toial EndowmentName How the(¥41 The(yryeThtue olthec4Prtal knnj InCe Whartr.e Was J3ed lor Non
Page14 Soth Wor(e5ter5hire Methi$l Grcutt1051161 26. Related party tranSacon¥ FRS102 r•qulr&% that ch8rAles that have orE or more related party transa$ ust discb52. . the names of the transactlng reLvted part.. . a des(rription of a relatK>n5hip betwe th& part d8sLYPtlon of the tran¢tn$-. the amounts involved., . any olh8r al8m8nts of tha trartsaclons necessarylor an urwjer5tar1r ol he aGcounls'. - the amoL'nls due to or Yrom reLqted rtfe$ at the bala1 51wl dale and provi51on$ for doubtTrJl debts due from su¢h parts at that date, amounts K4rftt8n off In the period In re5pea of debts due lo or from r8latd partie Name of related partv Relatlonship I)froM Paywts to Loansfr¢)m Loans to Amounts reuited wrty rdateil party rdated party llIed owed bylto In theyear In theyear In iheyear In the year related party atyearend This Circuit Methodist Churchès Blrmingham District of the Methodist Churth Methodist Church- South Warwickshire Circuit Methodist Connexlonal Grants Team Total 298,365 56,988 150.415 298.365 56,988 150,415 Last Circuit Methodist Churches Birrningham District of the Mèthodlst Church Methodlst Propefty Fund Methodist Conntxional Grants Team Total 53.376 300,009 53,376 Note.. The circuit churches do collect money for Methodist related projects, which is cOrded and sent direct to the Methodist Fund by the circuit-appointed Fund Treasurer5. No dowments nor rnoney are seen by the Circuit rreasurer and such finance is not included in these clreuit accounts. A separate report 15 155ued each year by theconnexional Team.
Page 15 South Worcestershlre Methodlst Clr¢ult1051161 arcult DECLARATIONS Presentation to the Circuit Meetlng for approval. I confimi that the A¢nts have been presented to the Circuit MeetirvJ c and were approved. Signature ofthe Chair of Ihe msèlng 25 March 2025 Namé ofthè Ch8lr ol the meeting Dale Rev Elizabeth Harris 25 March 2025
Page16 South WorcestershSre Methodtsl Clrcult (051161 Independent FJamlnerf5 RÈport to the Trustees of South Worcestershlre Methodlst CFrcuit This Report Is on the fjrcuit Accounts for the year ended 31 August 2024 Respectlve responslb511tles of Trustéès and Examir The charity's trustees are responsible for the preparation of the accoullts. The Trustees (onslder that an audit is not requlred for ihi5 year under Section 144 of the Charitles Att 2011 Ithe Charilies Artl and that an indèpendent examlnatlon is needed. It is the Independent Examiner'5 responslbillty to.. follow the procedures laid down In the general Diiections given by the Charity Commission under Section 1451Sllbl of the Charities act,. and state whether particular matters have come to thelr attentS0n. Basis of Independent Examinerfs Report My examlnation was carried out irt a¢cordan¢e with the general Directions given by the Charity CommissloD. An examlnatlon Include5 a review of the accounting OrdS kept by the charity and a comparison of the accounts presented with those recofds. It also includes consideration of any unusual items or disclosures in the accounts. and seeking explanatitsns from you as Trustees concernlng any such matters. The procedures undertaken do not provide all the evidence that Wguld be requlred in an audit and consequently no opinion is given as to whethei the account5 present a "true and fair vipw" and the report is limited to those matters set out In the staternent below. Independent Emamlnerfs Statement In connettion wlth my examination. no matter has come to my attention-. lil which give5 Tne reèsonable cause to believe that in artry material respect the requirements.. to keep accounting ordS In accordance with Section 130 of the Charities Act. to prepare accounts whlch accord with the accountbng rewrd5 and comply with the accountlnB requirements of the charltles Act. have not been met,. or 121 to whlch, In mv ODinion, atteniion should be drawn in Ofder to enable a prooer understandlnR of the account5 to be reathed. I have not abtalned Independent verification of all investrnefits with the Trustees for Methodist Church Purpose51"TMCP l or held in other Trusts, 8ank balances and Funds at the Central FInan Board of the Methodist Church I'CFB'I, which are individually in excess of £10.0 Iten thousand pounds) at the balance sheet date. Name James Cruse FCA. ACCA Signature Jo Relevant professional qualifltatlon or bodv ICAEW & ACCA Address clo JW Hinks LLP. 19 Highfield Road. Edgbaston. 8irmin8ham, 815 38H Date 06 May 2025
South Worcestershire Methodist Circuit- list of Trnstees Appendix A Thos0 serving all of 2023124 and up to present day Nam8 Appointed Name App)inled Rev E Harris (Superl 0110912024 D Mather 1810912024 S Hicks 2610612024 S Nevitt 2610612024 S Weary 2610612024 Deacon D Prilchard 1310312024 H Lews 0610612023 Rev P Salter 0610612023 J P Gogarty 07103J2023 Rev H A V Lewls 0710312023 A O Martin 0710312023 R H Barley 01111J2022 Deacon C Brovm 0110912022 Rev S D T Froggatt 0110912022 P C H3wkeswotxI 0110912022 A Thomas 0110912022 C Proctor 0810312022 M Saunders 1410912021 A V Mcwhlrter 0910312021 K A Evans 2310212021 G Drain 1311012020 S Drain 1311012020 A C Capel 1710912019 D Capel 1710912019 J W De Torre 1710912019 P Gwilliam 1710912019 Rev D A Haslam 1710912019 C G Holligs 17J0912019 R Ingles 1710912019 RAKane 1710912019 P Lanéer 1710912019 E A YellarKI 1710912019 C Merrlman 0110912020 VDay 2610212019 Rev K J Pickering 0110912018 J P Curtis 19112018 S A Walkins 2210312018 R8v N J Coke-woods 0110912017 A Phillips 0710912018 H V Ashford 1510912015 J B Edwards 1510912015 Rev M Austin 0110912015 Rev D M Cooksey 0110912015 Gccox C J Davis MDLDavis Rev P M GrimM)crfJ T D Hlyjnson H M LAwrance D A Laan( R Lewin-Jon8s T Libby Deacon A B MaTtin J R Merriman C J Parker AVR N J Stephens P R Wethwall 0110912015 0110912015 0110912015 011091201 S 0110912015 0110912015 0110912015 0110912015 0110912015 0110912015 011091201 S 0110912015 011091201 S 0110912015 011091201 S