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$rgd charrty number in terms of evidence of charitable 8￿u$ 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 Wa￿5 that are not regi%lered charr(￿S are excepted trom regiStrat￿n under Stslutory
Instrument 2014 No.2421
Ministers..
Rev'd Fils Randall
Circuit Stewards..
RO￿er Sfflith
Lavina Smith
Dionne ShenNood
Ruth Flatman
Treasurer..
Neil Ta
br
2015CiroJl R ￿ P￿lS
10t1

20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
Ceredlglon
Clrcult
restrlcted Clr¢ylt Rostrlctsd
Tr￿t 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
a7*9
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 r颏i
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
aniSat￿nS
d4
15c1rc￿R￿P￿s

Core
lon
reult
PURYOF
AND INTERNAL
SECTION
Plèa5q folli
olthe cirC￿3￿cOUn&4 lor tr*year ended 31 A￿ll512022 and lllternal Organisath r8PDrtiwto thg Circurt Mggtiry Not•th9t the lund$ ofan
organ￿at￿n￿JOU￿ bE RE5trKtedfunds unk5S rtcOU￿ bBcknar￿ SI￿¢￿that1hSY bo used lor any ￿tk￿dIst purpose. Thts seGIIDn MUSt￿cOnpkled
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 r9pmtr*8￿uni$ l$è&1wletr￿I$lWPbs¢e). Pthsp releT totheguthnB8 noLgS ryrdingtran$lers bgrween the C#¢urt
c￿urt0rgan1SaI￿￿.
INTERNAL
ORfjAWSAnON8
Nel Recey
Pa
mcnts
niThJ
Pa
ntS
Ad
slmÉnts
otyart￿l￿n5 lund5
htfor*ard
2.b￿lS
71￿1#
97256
IYS.075
TOTAL CASH FUt4D5 HELD
8YCIRCU
77,819
97256
175.075
ontinue on a S•PaMtè
eheet K noctsssaryand bnn9
thc
TOTAL RECEIPTS
TOTAL PAYMEt4TS
SECTION F
OPENIt4G
BALANCES
CL051NG
BALAN¢ES
Rcurr-GASH FUND5 HELD at31 Au
Cash In hand
eefik CurnTrl A¢￿U￿1
25,425
9.936
aank D&pDs11 Arwvnt
Cen￿1 Flnance BDa
52,431
58.796
TwstÈè&fgrWlhQd￿te￿￿rckn PU￿￿$éS
19,400
106.343
OtherfvDds
SUB TOY•L
972S6
175,075
Totslfunds he￿ by lfitèmal O￿an￿￿￿n¥ Ilhe dowg
tDTALC*KSH FUNDS HELD8Y aRcurr
97256
175.075
SECnON
OTHER￿SET$ u￿LM£s
11 2Q¥
Invèst￿￿￿1￿
de Endo¥wMnisi
aDd
OtherL￿b￿l0£
M In￿¢¢ onty Funtss ho￿ atthè tsThIraIF￿3MC0 BOB
15 IDthdg ontyCF8 F￿ndSTh￿￿ ÉtTw¥le¢glOr￿thottI￿l Chutth
I Inthdé anyolh8rln￿Y4n￿nts Inol tho cash 8￿M￿nI 01Th￿p t￿sta£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
AberyS￿Yth................................................................ 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 EXamine￿S 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.