Ceredigion Circuit Chartty Registration Number 1188313 Trustee's Annual Report, Year Ending 31 August 2022 Registered address: St Paul Methodlst Centre, Queens Road, Aberystwyth, SY23 2NN www.ceredi ionmethodists.or Objectives and Activities The Ceredigion Circuit is part of the Wales Synod in the Methodist Church in Britain. The CifCUIt supports the mission and outreach of Methodist Churches and communities in Aberystwyth, Lampeter and the surrounding area. As part of the Methodist Church in Great Britain, we are governed bythe Deed of Union 119321 and Methodist Church Act119761, adopted 20 Sep 1932 as amended by statutory instrument dated 14 Jun 2017. These documents include the charitable objectives: 'Yhe purposes of the Methodist Church are and shall be deemed to have been since the date of the Union the advancement of: IA) the Christian Faith in accordance with the doctrinal standards and the discipllne of the Methodist Church,. {Bl any charitable purpose for the time being of any Connexional. Dlstrict, Circuit, Local or other organisation of the Methodist Church; {Cl any charitable purpose for the time being of any soclety or institution subsidiary or ancillary to the Methodist Church,. IDI any purpose for the tlme being of any charity being a charity subsidiary or ancillary to the Methodist Church." For the Ceredigion Circult. our mission statement is "To have a living relationship with God through worship, to encourage one another to grow as Christians. to live the Good News of Jesus and to share God's unconditional love for everyone. Working with the churches in the Circuit. this includes the followlng benefits for the public: Provlding public worship, led by ordained preachers and lay preachers in the Circuit. Bein8 available for marriages, christenings, and funerals. by arran8ement. Runnin8 church groups that welcome people from the community to join in as they feel able, including prayer groups. Bible study, a Pay as you Feel café, coffee mornings, art groups, and additional activltles aimed at students and disadvantaged groups. Making church buildings available for community, charity and commercial letting.
Achievements and Performance During 202112022 financial year the clrcuit dld much to tran51tion from practices in place during the pandemic, to more face-to-face provision for services and groups meetin8 in churches, the manse and in members, homes. Nonetheless the circuit continued to provide weekly online services on YouTube, which remained popular. The circuit and its churches increased provision targeted at students. the poor, those self- identifying as neuro-diverse, and those from the LGBTQ+ communitles. Investment in time and money was needed to help those strug81ing with inclusion, mental health, identity, and finance. Financial Review The 202112022 financial year saw the completion of sales relating to the move to a single Manse in Aberystwyth. This modern property was more functionally-appropriate than its predecessors- housing our remaining stationed Minister, and providing space for meetings. A previous Manse in Lampeter was sold in 202112022. The proceeds of the Sale helped cover the purchase ofthe new Manse and left money in our reserves. Our accounts are prepared on a Receipts and Payments basls and are independently examined. The report for the 202112022 financial year is at the end of this report. As of 31 August 2022, the Circuit had receipts of £192,604, payments of £114,784, and total funds remaining of £175,075,. thus total funds remainin8 represent 153% of the payments for 202112022. This greatly exceeds our policy to retain reserves sufficient to fund up to 50% of our annual expenditure. However, we anticipate significant expenditure in the coming years as we look to expand otjr work with disadvantaged groups, and to reduce the carbon footprint of our buildings. The Circuit has one part-time member of staff, which is a Circuit PA. The person helps to support the work of the Superintendent Minister. Structure, Governance and Management The Circuit's governance is establlshed by policies from the Methodist Church of Great Britain. The Circuit has a leadership team, comprised of the Chair (Superintendent Minister), Treasurer, Circuit Stewards and Meeting Secretary. All of the leadership team are trustees. The leadership team oversees general management of the Circuit and it is responsible to the Circuit Meeting (which includes all trustees). The Circuit Meetin8 occurs in the Autumn and Spring as a minimum for formal decision making. Other Circuit Meetings are arran8ed when appropriate. Trustees Our typical time to change roles in the Circuit is late August and Early September. Those changes are recorded at the Circuit Meeting in September. Rerfd Felicity Jane Jepson-Randall Ichair) Ruth Gooding (Secretary, started September 20221 Re¢d David Jones
Rev'd Peter Edwin Barber Rev'd Phillip Alun Poynor Arnold Smith Charlene Mary Crampin David Henry Crimes Dionne Sherwood David Sherwood (Stepped down September 20221 Elizabeth Edwards Glyn Jenklns Heather Phillips Jean Millest-Baker Julia Ann Christine Jenkins Kathryn Anne Wright Lavina Porter (Stepped down September 20221 Michael Jonathan Goodin8 ITreasurer from September 20221 Neil Taylor ITreasurer until September 20221 Rachel Mary Poynor Roger Smith Ruth Flatman Susan Peterson Dr Barbara Jill Barber Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the chariws trustees Si8nature'. Full name.. Re¢d Felicity Jane Jepson-Randall Position: Chalr Date: 15th June 2023
CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Ceredi lon Circuit FOR THE YEAR ENDED 31 AUGUST 2022 Wales S nod C mru District Clr¢ult no 2110 R8glstoYgd Charity- Charfty R¢gistration number 1188313 If not a regi%tered Charty Her Majesty's Revenue and Customs Gift Aid numbgr NIA (The HMRC nLJmber is equivalent to a regist$rgd charrty number in terms of evidence of charitable 8u$ and may be used to give lo donors or grant funders wishing lo see evidence of the organisation's charitable status. Melhodisl charities n EngL4nd and Wa5 that are not regi%lered charr(S are excepted trom regiStratn under Stslutory Instrument 2014 No.2421 Ministers.. Rev'd Fils Randall Circuit Stewards.. ROer Sfflith Lavina Smith Dionne ShenNood Ruth Flatman Treasurer.. Neil Ta br 2015CiroJl R PlS 10t1
20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022 Ceredlglon Clrcult restrlcted Clr¢ylt Rostrlctsd Trt FurKt Tc4al$ last year SECTION A Totals tMs year RECEIPTS a2 As8&ssmentlSha 74,827 74,827 a3 Ca ital Ce1 ts Bank 8nd CFB Intew$t and Inveslm8nt intoff 104282 104.282 252 429 681 94 a5 Grdnts 4,000 8,814 31.900 a6 Olh&r Ceipts TOTAL RECEIPTS 87 892.67 104,710.96 192,603.63 a8 145 712 SECTION B b1 b2 PAYMENTS Stipend8, salarie5. NIC, Pension and travel c051s 46.467 b3 Manse Cost5 33.443 b4 Admini8tration ett 1.420 b5 DistriGI Assessm&nt 19.942 19.242 b6 b7 Grant5 & donations 4,000 4,000 900 b8 Other paynEnt8 TOTAL PAYMENTS 5,285 17.994 23.280 9.414 b9 114,784 b9 121,359 SECTION C NET RECEIPTSIPAYMENYS FOR THE YEAR c1 a79 77,819 24,353 Total funds brou ht fowrd from la81 e8r 72.903 c3 Sub totsl c14c2 86,717 175,075 97,256 Transfers and ad ustmenls c7 TOTAL FUNDS AT END OF YEAR Ic3+c41 8,897 175075 97,256 SECTION D FOR INFORMATION ONLY.. MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS thes0 amounts should not b8 includ011 In total rÈ¢èi tsi a ménts allovel Bal8n( brou ht fopNard from last ear d2 OffÈrin sIGrfls received for exletnal o OfferingslGifis- passed lo èxt&mal o BALANCE STILL TO BE PAID d1+d2-d3 anisalion5 d3 aniSatnS d4 15c1rcRPs
Core lon reult PURYOF AND INTERNAL SECTION Plèa5q folli olthe cirC3cOUn&4 lor tryear ended 31 All512022 and lllternal Organisath r8PDrtiwto thg Circurt Mggtiry Not•th9t the lund$ ofan organatnJOU bE RE5trKtedfunds unk5S rtcOU bBcknar SI¢that1hSY bo used lor any tkdIst purpose. Thts seGIIDn MUStcOnpkled toafrmg aithg gross teceipL% and paymBnts IDLa& ofth8 Circuit lfg1 Incomg Èxceeas thg A¢¢fus& 01£250,. thèn Accrua& mBlhod olaccounting DA DIFFERENT FORM muslb8 usadto r9pmtr8uni$ l$è&1wletrI$lWPbs¢e). Pthsp releT totheguthnB8 noLgS ryrdingtran$lers bgrween the C#¢urt curt0rgan1SaI. INTERNAL ORfjAWSAnON8 Nel Recey Pa mcnts niThJ Pa ntS Ad slmÉnts otyartln5 lund5 htforard 2.blS 711# 97256 IYS.075 TOTAL CASH FUt4D5 HELD 8YCIRCU 77,819 97256 175.075 ontinue on a S•PaMtè eheet K noctsssaryand bnn9 thc TOTAL RECEIPTS TOTAL PAYMEt4TS SECTION F OPENIt4G BALANCES CL051NG BALAN¢ES Rcurr-GASH FUND5 HELD at31 Au Cash In hand eefik CurnTrl A¢U1 25,425 9.936 aank D&pDs11 Arwvnt Cen1 Flnance BDa 52,431 58.796 TwstÈè&fgrWlhQdterckn PU$éS 19,400 106.343 OtherfvDds SUB TOY•L 972S6 175,075 Totslfunds he by lfitèmal Oann¥ Ilhe dowg tDTALCKSH FUNDS HELD8Y aRcurr 97256 175.075 SECnON OTHERSET$ uLM£s 11 2Q¥ Invèst1 de Endo¥wMnisi aDd OtherLbl0£ M In¢¢ onty Funtss ho atthè tsThIraIF3MC0 BOB 15 IDthdg ontyCF8 FndSTh ÉtTw¥le¢glOrthottIl Chutth I Inthdé anyolh8rlnY4nnts Inol tho cash 8MnI 01Thp tsta£cOUnl*thts k% fftÈ&rtÈd il 151
Name of Circuit.. Ceredigion Circuit . No- 2110 Declarations and Scrutiny I confinn thatthese Receiptand Payment based accounts for the year to 31 August 2022 have been prepared from the records of the Circuit and that they include all ftjnds under the control of the Circuit meeting. Signature of treasurer ...... Name and address oflreasurer.. Neil Taylor, 9 Plasyr Afon, Trefechan AberySYth................................................................ PostCode:SY23 1DD Presentation to the Circuit meeting I confirm thatthe annual report and accounts for the yearended 31 August2022 werethTrlPbE" presented to the Circuit meeting held on ..3013/.2023 Signature of the Chair of the meeting Name ofthe Chair ofthe meeting Date Independent EXamineS Report to the Trustees of the Ceredigion Circuit Charity Number: 1188313 Responsibilities and basis of rewt I report to the trustees on my examination of the accounts of the Ceredigion Circuit for the year ended 31 August 2022 set out on pages 2 10 3 As the Circuit's trustees, you are responsible for the preparation of the accounts in ao¢ordance with the requirements of the Charities Act 2011 {'the ACVI. I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515}Ibl of the Act. delete or circle as appropriate 15Cirvil R Pxls lof1
NameofCircuil= Ceredigion Circuit....................................... No.. 2110 Indgpendent Examlner's Ststement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination lolher than Ihat disclosed below"} which give me cause lo believe that in, any material respect.. the accounting records were not kept in accordance with section 130 ofthe Act,. or the accounts do not accord with the accounb'ng records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I Ip¥gThave not. obtained independent verification of all investsnents with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and fvnds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 {len thousand pounds) at the balance sheet date. Signature of independent examiner Name ofindepend8nl examiner Relevant professional qualification of independent examiner Name offirm (where appropriate) .[{L&. QN 5 ...k.*.....L.4(Lr.tQIg.. COr) Address Post Code Dale delete or circle as appropriate Sep-22 2015Cif(xit R P.xls
st Ceredigion Circuit • Accounts for year ending 31 August 2022 Notes to the Accounts Format of the accounts The accounts have been prepared on a Receipts and Payments basis. Reserves Policy The Circuit's Reserves Policy is that it should an amount that is approximately equal to six- months of expenditure. Following guidance from the District Finance Officer in 2017, the Circuit meeting agreed that it would be willin8 to lower the Reserves Policy in order to release funds for use. The reserves at year end on 31st August 2022 were £175,075, with a total expenditure of £114,784. This is more than needed for the Reserves Policy. This is partly a consequence of the money following the sale of the properties (Manse Wesley, Ty Canol and Penparcau Building). The remaining money from the property sales is £106,343, which is held in a TMCP Model Trust fund. The remaining money, E68,732, is held in the HSBC account and the CFB deposit account. Assessment from the churches The Circuit has received payments from the two churches in the circuit. 202112022 61,031 13,796 202012021 59,791 12,556 St Paul's Methodist Church, Aberystwyth St Thomas, Methodist Church, Lampeter District grants There is an annual grant of £4,000 from Wales Synod to contribute towards our activities with students in the Circuit. Ty Canol The Ty Canol building in Lampeter was sold in January 2022. The proceeds from the sale were used to clear the balance from the bridging loan taken out to buy the new manse in Bryn Ardwyn, Aberystwyth. The balance is held in the TMCP fund.