The Methodist Church
The Methodist Church Gornal and Sedgley Circuit
Circuit number 28114
Charity registration number 1206227
Trustees, Report
And
Financial Statements
For the year ended
31" August 2024
The Methodist Church Gornal and Sedgley Circuit
Pa8elof9

Administrative Information
Circuit Superintendent
Rev C John Hartley
Lay worker
Mr William Caldwell (church and community worker 15 hrslweek}
Circuit Leadershlp Team
Rev C John Hartley (superintendent minister)
Mr William Caldwell (Church and Community Worker)
Mlss Jenny Beardsmore (Circuit Steward and Treasurer)
Mr David Glll (Circuit Steward)
Miss Abigail Jones Iclrtuit Steward)
Circuit Meeting Secretary
Mr Jeremy Turner
Independent Exarniner
Swanranjit Singh Sohall
Sandwell Accountanoi Services,
Old bank buildings, Upper High Street
Cradley Heath
B64 SHY
The Methodist Church Gornal and Sedgley Clrcult
Page2of9

Trustees, Report
Governance and Management
The Clrcutt is governed by the Methodist Church Act 1976, the Deed of Union and the Model
Trust Deeds of the Methodist Church
The purposes of the methodist church are and shall be deemed to have been since the date
of union the advantement of -
lal The Christian faith in accordance with the doctrinal standards and the di5clpllne of the
Methodist Church: and
Ibl any charitable purpose for the time being of any Connexional, District, Circuit, local or
other organisation of the Methodist Church, and
{c} any charitable purpose for the time being of any soclety or institution subsldiary or
ancillary to the Methodist Church;
The Gornal and Sedgley Circuit is a group of 4 aciive Churches and I Church which is bein8
used under a licence agreements by community groups and an independent evangelical
church. The clrcuit is part of The Wolverhampton and Shrewsbury Dlstrict, which itself is
one of 23 Districts which make up the Methodist Church of Great Britian. Whi15t there is
some autonomy all Methodist organisations are governed by stsnding orders determined by
the Methodist Conference, and which are published annually in the Constitution, Practice
and Discipline of the Methodist Church. Conference is the supreme body within the church-
However because it meets annually, it delegates much of its authority to the Methodist
Council. Both the Conference and the Council consist of lay and ordained members
In setting objectives and planning acttv5ties, the Circuit Meeting, held three or four times
each year, has glven careful consideration to the Charity Commission's general guidance on
public benefit and, in particular, to its supplementary public benefit guidance on advancing
our objectives as set out above.
During the year the Clrcult Leadershlp Team ICLTI - whlch consists of the ClrcLStt
Superintendent, the Lay Church and Community worker and Circuit Stewards- met regularly
to keep the life of the Qrcuit under review and to take forward the decisions of the Circuit
Meeting.
The Methodist Church Gornal and Sedgley Circuit
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Activities
Our mission is, along with other local church groups, to be a powerful, spiritual Influence in
the community and a visible expression of God's love. We aim to achieve this by
encouraging worship, soclal and outreach activities that currently exist within the churches
in our Clrcult, and also by seeking new way5 to extend to others the fellowship of the Church
family.
Organlsational Structure
l. Overall control rests with the Methodist Conference.
2. The Connexional Office implements decisions made by Conference and is also responsible
for the stationing of Ministers in individual Circuits.
3. Connexional decisions are passed to the Chair of the District and the appropriate Officers
of the District for ￿gIOnal implementation.
4. The Districts pass the control down to Circuit level for local implementation by the
Superintendent Minister, Circuit Stewards and others. Authority can be delegated by the
Connexion and Distrirt to the Circuit Meeting for certain matters.
5. The Circuit Meeting passes control down to Church Councils for local Implementation by
the Minister, the Church Stewards and other officers. The Church Councils act as
Managing Trustees of the local church.
6. The Superintendent has responsibility for chairing meetings of the Circuit Leadership
Team ICLTI and the Circuit Meeting, which trustees are expected to attend. Policv
decisions are taken at the Circuit Meeting which is the supreme body for deciding matters
at Circuit Level. Some powers are delegated by the Circuit Meeting to the CLT and other
groups.
7. Churches, Circults and Districts are able to pass matters upwards for consideration,
ultimately to the Conference, for consideration and implementation where appropriate.
8. The Methodist Connexional year runs from I Septemberto 31 August.
Charity Registration
The Methodist Church Gornal and Sedgley Circuit was registered as a charity in December
2023 Due to Its Income exceeding the £IOOK threshold.
The Methodist Church Gornal and Sedgley Clrcult
Page4of9

The Trustees confirm that they have complied with the duty under the Charities Act 2011 to
have due regard to the Charity Commission'5 general guidance on public benefit.
Specifically:
many churches make their premises available to other organisations that need
Somewhere to meet
some churches have lon8 term tenants
uniformed organisations (scouts, cubs, beavers, guides, brownie5 and rainbowsl are
affiliated to some of our churches and meet on church premises
other outreach activities
raising money for other charities
Trustees
The following Trustees (some with dual roles) were listed as current as at August 2024.
Records are held of the Trustees In post and attending meetings during the course of the
2023-24 year.
Name
Colin John Hartley
William Caldwell
Jennifer Olwen Beardsmore
Representing
Circuit
Circuit
Circuit
Primary Role
Superintendent Minister
Church and Community
Circuit Steward and
Treasurer
Circuit Steward
Circuit Steward
Circuit Meeting Secretary
Representative
Representative
Representative and
Charity Commission
Manager
Representative
Representative
Representative
Representative
Church Treasurer
Representative
Representative
Church Treasurer
Zoar Church Treasurer
Representative
Representative
Church Steward
Network Secretary
Abigail Rebecca Jones
David Gill
Jeremy Charles Turner
Stephanie Teresa Watchorn
Malcolm Paul Watchorn
Jonathan Jamesjones
Circuit
Circuit
Circuit
Five ways
Five Ways
Upper Gornal
Trevor Leighton Amphlett
Linda Jayne Morris
Mary Elalne Hyde
Paul Mark Raybould
John Parker
Jean Marjorie Bennett
Rachel Elizabeth Harris
Janice Josephine Checketts
Sarah Joy Rogers
Michael Timmins
Stephen Ratcliffe
Barry Irving Priest
Brenda Maureen Priest
Upper Gornal
Himley Road
Five ways
Upper Gornal
Upper Gornal
Upper Gornal
Five ways
Lake Street
Himley Road
Himley Road
Five ways
Lake street
Circult
The Methodist Church Gornal and Sedgley Circuit
Page 5of9

John Dee
Caroline Parker
Michael Parker
Gemma Ann Smith
Himle
Road
Lake Street
Lake Street
Circuit
Church Treasurer
Representative
Representative
Local Preacher's
Secretary
Church Steward
Representative
Safeguardin8 Officer
Circuit
Helen Emma Jane Newton
Geoffry Michael Donnison
Antionette Jackson
Himley Road
Himley Road
Circuit
Safeguarding
The Methodist Church works in partnership with other Christian Churches and other
agencles In dellverlng safeguarding.
The Clrcuit supports the following statement of principles agreed by the
denominations.. Commitment to:
The care, nurture of, and respectful pastoral ministry with, all children, young people
and all adults
The safeguarding and protectlon of all children, young people and all adults
The establishing of safe, caring communities which provide a loving environment
where victims of abuse can report or disclose abuse and where they can find 5UPPOrt
and best practice that contributes to the prevention of abuse
Each church in the Circuit appoints a safe8uardin8 representative and the Circuit appoints a
Safeguarding Officer to coordinate policiesi practices and training which promotes safe
practice amongst children and vulnerable adults.
Staff Responslblllties & Changes
Revd. C. John Hartley was appointed to the circult in September 2022 and became the
Superintendent Minister of the Circuit on 1st September 2023 when the circuit reduced its
staffing and became a single minister circuit. He therefore has pastoral care of all the active
churches in the circuit and overview of Zoar Methodist church which is used under licence
by a number of community groups and an independent evangelical church. Negotiations are
ongoing about the future of this church, which at present is under the trusteeship of the
Circuit Meeting, Mr William Caldwell is the Church and Community Worker, he is self-
employed and the circuit pays for 30 hours of his time each week.
The Methodist Church Gomal and Sedgley Circuit
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The Circuit has been aware for some time that it is in a vulnerable position as a single
mlnister circuit and moving forward there are plans to merge with another Single Minister
Circuit, which should take effect in September 2025
Rlsk Management
Risks faced by the Clrcuit have been considered by its leadership team. Vlhere approprlate
risks are insured- currently with the Methodlst Insurance Company. The security and safety
of our churches is largely for those churches to determine and to mitigate, takin8 advice
from Circuit offi￿r5 and insurers as appropriate.
All churches and manses are the subject of quinquennial inspections and the reports on
each are reviewed by the Circuit as well as the local trustee5. Action is taken to reduce the
risks of injury to all who have a legitimate purpose to be on those premises.
All Churches have reported that they have been surveyed for the presence of asbestos, and
are following appropriate courses of actfjon to mitigate any risks.
We have considered the resilience of churches and the risk that they will not meet their
assessments. We judge that there are sufficient resources to cover any possible Shortfall in
the following year.
The Circuit operates within a statutory framework of re8ulation and seeks to ensure that it
follows Methodist standing order5. It relies on the Connexional Office to provide guldance
on Changes that could affect the Circuit.
Trustees, Expenses
With the exception of the Rev C John Hartley (Superintendent Minister)and Mr William
Caldwell (Church and Community Worker) who can claim for travel and administrative
expenses, and a very small number of claims for reimbursement of small-value
administration costs, members of the Circuit Meeting received neither payment nor
reimbursement of their expense5 Sn connection with thelr function as trustees.
Trustees, Responsibilities
The Trustees are required to prepare financial statements for each financial year which give
a true and fair view of the Circuit's financial activities during the year and of its financial
position at the end of the year. In preparin8 these financlal statements. the trustees have..
selected suitsble accounting policies and applied them consistently using the receipts
and payments method
made judgements and estimate5 that are reasonable and prudent
The Methodist Church Gornal and Sedgley Circuit
Page 7of9

followed applicable accounting standards
prepared the financial statements on a going concern basis.
The trustees are responsible for keeping proper accounting records that disclose with
asonable accuracy at any time the financial position of the Circuit and enable them to
ensure that the financial statements comply with the law. They are also responsible for
safeguarding the assets of the Circuit and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Trustees have a rl8ht to advise the independent examiner of their COn￿rn5 but none has
done 50. The CLT concludes, therefore, that there are no issues to be advised to the
independent examiner.
Flnanclal Review
The Circuit prepares receipts and payments accounts. They are not a consolidation of the
accounts of churches in the Circuit. The Circuit budget is p￿Pared by first anticipating the
expenditure for the forthcoming year and then determining how that sum will be raised.
The Clrcuit adopted the following policy for the reserves in the 2023-24 year..
For
eneral
unds- Sufficient funds will be maintained to meet day-to-day operating
expenses, including stipends and manse costs. They will be topped up as required by
withdrawal from the Model Trust Fund.
For the Model Trust Fund- General expenditure currently exceeds income by approximately
£20k per year and assessment Income is steady-so at least £IOOK needs to be kept in
reserve to ensure current activitie5 can continue for a five year period. Until the circuit
amalgamation takes place there are no plans for any additional expenditure of staff costs.
Capital Assets
The proceeds of sale ofthe premises of any Methodist Church or manse within the Circuit Is
generally credited to the Circuit. There is, however, a substantial levy paid to the Connexion
(the Methodist Church in GB) so not all of the proceeds are received by the Clrcuit. During
the course of the year 2023-2024 there were no property sales. The last being in the year
2022-2023 when the Manse on Summer Lane was sold . The assets from that sale now form
the bulk of the circuit Model Trust fund.
Fundlng of the Circuit's Costs
This is achieved primarily by making an assessment on each church within the Circuit. If any
church closes that church's assessment cease5 to be paid to the Circuit. The Circult's costs
The Methodist Church Gornal and Sedgley Circuit
Page8of9

principally the stipends and houslng costs of the ministers- would continue and there would
be a need to draw OD reserve5 to meet the shortFall in income.
Annual costs
The Circuit believes that it should ensure that it has income and reserves sufficient to cover
the stipend and manse costs of its Superintendent Minister, and the cost of the Church and
community worker.
Approvals
This Annual report and Financial statement of the Circuit were approved by the Circuit
Ih
Meeting held on the 6 March 2025, following the preparation of the accounts and their
approval by Sandwell Accountancy Services. The examiner Swanranjit Singh Sohall signed
the Financial Statements on to contirm he had completed the inspection satisfactorily.
Signed on Behalf of the Trustees
Rev C John
Superintendent minister
Miss Jenny Beardsmore
Circuit Treasurer
The Methodist Church Gornal and Sed8ley Circuit
Page9 of9

REPORT OF THE
UNAUDrrED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
FOR
MEfHODIST CHURCH: GORNAL & SEDGLEY CIRCUIT
Sandwell Accountancy Services Ltd
Cerbfied Putlic Accountants
Suite A. Old Bank Buildings
Upper Hjgh Street
Cradley Heath
West Mi(Aands
'R64 gHY

Methodist Church: GORNAL & SEDGLEY CIRCUIT
Contents
Page
Dedarations & scrutiny
Independent examin8rfs report lo the member
Statement of financial actlvlties
Statement of finan￿al position
Notes to the financial sLqtements
Tho following pages do not fomi part of the flnancial statemgnt8
Detailed sLqtement of financial activities
11
Notes to Ihe detailed statement of financial actNiti8S
12

Methodlst Church: GORNAL & SEDGLEY CIRCUIT
Declarallons & Scrutlny
Year ended 31 August 2024
I confimi thatthese Accru818 based ￿ntSf￿the yearto 31stAugusl 2024 have been prepared from
the re￿￿S of th8 Circutt and Ihat they inckKJ8 al funds under thB contml of the Circult meèting.
Signature of treasurer.............
Name and address of Ireaswar
Mis6 J O Beardsmoro
Penryn
93 Summer Lan8
Lower g(*n81
L*Jdley
DY3 2HA
Prgsontation to tho Circuh Me￿TrU
I confirm that the annual report and ac1x￿
pr8s8nled to the Ctrcuil meeting h8hJ cm...a)
e y8ar ended 315t August 2024 wor&lwill be
Signature of the Chair the meetirwJ
Name of the Chair of the mwting
Rov C J¢thn Haruey
Pago 1

Methodist Church: GORNAL & SEDGLEY CIRCUIT
Indépendent Examiner's Report to the Member of Methodist Church: GORNAL
& SEDGLEY CIRCUIT
Year ended 31 August 2024
I report to the member on my examination of the financial ststements of Methodist Church.. GORNAL &
SEDGLEY CIRCUIT for the year ended 31 sl August 2024.
Responsibilitie$ and basis of rèport
I report in respect of rny examination of the accounts as carried out under sgction 145 of the Charities
Act 2011. In carrying out my examination I have followed the Directions given by Ihe Charity Commission
undèr s8ctk)n 145(5llbl ol the Act.
Indapgndent examlnarfs statement
I have complÉl8d my examination. I confirm thal no material matters hav& como to my attention in
conn8¢1ion with the examination giving me ¢8LJse to believe:
accounting records were not kept in accordance with section 130 of the Act- or
the financial statements do not accord wilh those records.
I have no ¢onc&rns and have come across no other matl8rs in connection with the examin8hon to which
attention should be drawn in the report in order to enable a proper understanding of th8 accounts to be
reached.
I have no obtained independent verrfication of all investments with the Trustees for Methodist Church
Purposes or held in other trusls, bank balancès and funds at the Central Finance Board ofth8 M8thodist
Church whi¢h are individually in excess of18n thousand pounds at the balance sheet date.
Swaranjil Singh Sohal
FCPA
Suite A, Old Bank Buildings
Upper High Street
Cradley H981h
Wast Midlands
B64 SHY
Pay¢ 2

Methodlst Church: GORNAL & SEDGLEY CIRCUIT
statement of Financial Activities
Year ended 31 August 2024
2023
Unreslrfcied Restricted
funds Total fund$ Tolal fur￿5
Inc¢me and endowmènts
0tr)or Income
Assessment in¢x)
11.327
71.(M)O
82.327
11.327
71.000
82.327
6.730
201,023
207,753
Totsl Incom¥
Expgndlturo
E￿n￿ltUre on charitable aCtivit￿S
Total expendlturg
45
102.250
102,250
225.004
225,004
102.250
102,250
Net gains on inv88tmants
9.490
72,956
Not Incom• and net movgm•nt In funds
(10.433)
(10.433)
55.705
Ra¢on¢lliallon of funds
Total funds ￿oUght forward
Total funds car￿￿ forward
607.565
597,132
18.(NM
18.004
625,569
569,864
625,569
615,136
Th8 ststement of financial activttias includes a¥ gains and losses rBwJniwl In thè y8ar.
I Income and 8XP8ndfiure d8riv8 Irom Wlbnuing activities.
Thè nt>teB on pages S to 9 fwm partof Il*#e lIna￿la1 statèmgnts.
Pago 3

Methodlst Church: GORNAL & SEDGLEY CIRCUIT
Statsmenl of Financlal Position
31 August 2024
124
Flxod asset8
Invgstments
351.￿6
Curront assets
Investmonls
Cash 8t bank and in hand
Prepayments
10
179,726
73,296
3,663
256.685
222,5T7
50,073
3.589
276.239
cr￿lIOrs. arnounts falllng due wllhln one yè•r
Nfjt ￿Trent aJ89ts
11
(2.4951
254.190
12,1261
274,113
625,569
625,669
assats kns curr•nl Ilablities
615,136
N•t assots
615.136
Funds of th• charity
Restricted funds
UnreslriCt8d funds
18,004
597,132
615,136
18.004
607.565
Tutsl Charity funds
12
625,5e9
Thg on page8 6 to 9 forn) partofthtse ffirwthl statemenis.
Page 4

Methodist Church: GORNAL & SEDGLEY CIRCUIT
Notes to the Financial Statements
Year 8ndod 31 August 2024
Aceountlng polido4
Ba¥1¥ of pr•pardtion
Th8 fin8nual 8talements havg I￿on wepared ￿ the historral cost b8818, exc6pl that fixe(l a88el
invèstrnents are shown al their insuran(* value 81 th6end ofth8 yèar. Th aC(￿alS basi5 hBS b88n
used and accounts show a true aThJ far wew of Ihè Circuit& fin8neid positk>n and activities.
Golng concern
There are materHI uncwtaknties thrt lh¢ Ckr)JlV8 lo c(MJilnu8.
Incomlng resou￿
PJI i1￿Me is indude(I In the stalament of fb}￿la1 actiwti&s when entrtlement has passed lo tha
Clrcuil. il is probabl8 that the ec￿rn￿ benefits associated with the Irdnsaction wll Ilow to th
Circuh and the am¢)unt can be re[￿b￿ m8asured. The folknvtng spwific poiicies are applied to
Part￿lar cat8gorigs of iirx>me:
Indwidual amwnts ¢atwised as Othw Irv>Th in the SOFA will bo shovm separdtsly if they are
consid8rad material.
The Clrcuit as ￿nt In tw￿ ways:
The col*ion from Church6s and payment ovor ¢A their contribuU￿$ to Various Funds controllgj
8rKI adminlslered by The Methodist Churth-"Connexic*7al Funds"
The admlnislration {8ppltati(￿. cAAfethw)n and disbThm8ntl of grants wuested by ChurGhes
withln the CircAJit from, bul not Ilmited to. ts Dislrtt and con￿X￿.
In al the88 matters the transo(aions arn not rellected in tha SOFA Wus8 they are tha incom8 of
eilherlhe Conr￿￿0￿ or Churches 84>WCV
Resoure•$ 8xponded
Expenditwe Ls recognl8ed on an accnJ* bask8 as 8 fiaknlty i5 lllcLw￿J. Expenth￿re indudes VAT
which cannot be fuly r8covered, arKI ￿ daSsI￿ L￿der headings of the statement of ffinanclal
aclivMies to which rt relaies..
Invaslmwt proporty
Investmant tWOP8rty is revsk￿￿ lo its knsur8nce vakne at eath reportirvJ dat8 and eny thatvJe5
falr ￿lue ara ro¢ognised in incrAme ￿ exp8ndMure.
Page 5

Methodist Church: GORNAL & SEDGLEY CIRCUIT
Notes to the Financial Statoments leoft8n¥o
Year ended 31 August 2024
othor Incom•
UnrestriciBd Restricted Total Funds
Funds
2024
Income from inv6slment prop8rtles
Bank & CFB kntorest receNed
TMPC Interest r0c¢Ned
103
11.224
11,327
103
11.224
11.327
u￿tricted Restricted Totsl Funds
Funds
Funds
2023
4.770
4,770
B8nk & CFB intsrest r￿e1ved
TMPC interest roc¢ivgJ
77
1.883
1.960
4,710
6,730
A58088ment Incom•
Unrostrictad Total Funds Unrestricted Total Funds
Funds
Funds
2023
Gain on d￿posal of tarfjlbk fLxed
assets held for charivs own L￿6
Assessments
92,133
108.890
201.023
92.133
108.890
201,023
71.000
71,0(Kl
71KilO
71.IXX)
Expendiknrn ¢)n charitablè aclivilles by fund typa
Unr&8tricled
Funds
Restrict8d Total Fund$
Funds
2024
Re8tri¢ted Fur)ds
Cir(xJit Modd Trust
General fund8
SuPp￿l ￿sts
9.169
2.050
1.031
9,169
92,050
1,031
102,250
102,250
UnrestriclBd
Funds
Restricted Total Ftjnds
Fun(ts
2023
Restricted Funds
c1rCU￿ Model Tn￿t
General funds
Supyjrt costs
6,862
8,862
107,853
109,689
600
107,853
109,689
600
218,142
6,862
22S,004
Page 6

Methodlst ChurGh: GORNAL & SEDGLEY CIRCUIT
Notes to the Financial Statements leojrf
Year ended 31 August 2024
EXp0ndl￿re on charltablD •aMtlgs by aGIMty typ•
undertaken
di
Supp￿¢ Total funds
costs
2024
Total fund
2023
Restricl8d Funds
Circuit Mo(io1 Trust
General fijnds
6.862
107,853
109,689
600
9.169
92.050
9,169
92,050
1,031
102,250
1,031
101.219
225,OOd
Net galns on Inv8stm•nts
Ur*8stricted Total Funds Unrestricted Total Funds
FurKt$
2024
Funds
2023
Gainsllk)ssesl ￿ Investment wupety
9,490
72.956
72.956
Net Intom?
Nèt ineome is stated after ChargIn￿(Credi￿n9l".
2024
2023
Gaiis on dlsposgl of lang￿ assets
I￿2,133)
& Independent examinatlon fw5
2024
2023
Fe8s payable to the Independent examwierfor.
Independent &X8minAtk)n of the finant>al 8ts1ements
1,031
600
Page 7

Methodlst Church: GORNAL & SEDGLEY CIRCUIT
Notos to the Financt* stalem8nts (¢onthw*
Year ended 31 August 2024
Invastments
Inv•stment
propertles
C08t or valuatlon
At 1st Septsmbgr 2023
Addltions
DispDsals
Falr value movements
351.456
9,490
360.946
At 31st August 2024
Imp8lmi8nl
At 1$1 September 2023 and 31st August 2024
Carying amount
At 31st Au9USt 2024
At 31st August 2023
360.946
351,456
In￿sImOnt prO￿rtI•$
Investment properties ar6 vthed al insuran(* vakn.
2024
2023
101 Vlthvfield Cr8scent
360,946
351,￿8
),946
351.456
10. Invostments
2024
2023
TMCP FLtnds
Contral Financè Deposit AClx￿
177,847
1,879
179,726
220.792
1,785
222,577
11. Credltor8: amounts falllng duo wlthln one y
2024
2023
Accnjals and deferred
Trade Creditors
1.000
1.495
2,495
6N
1.526
2.126
Page 8

Melhodlst Church: GORNAL & SEDGLEY CIRCUIT
Notes to the Flnancial Statsments
Year onded 31 August 2024
12. Analy818 of charftsble fund8
Unregtrlctad funds
At 1st
S&ptemi*r
2023
At 31st
August
2024
Gains and
108ses
IncA)n8 Exwdltura Tr8nsf8rs
General Funds
CirGuII Model
Trust Fund
TMCP Property
33.825
71,103
{93,0811
45,000
56.847
222,284
351,456
607,565
11.224
{9.169) {45.(MJO)
179,339
360,946
9.490
82.327 111Y1250)
9.490
597,132
Al 18t
Seplemt
A1315t
August
2023
Gains and
k)sses
Inc(￿e Expwilture Transfers
General Funds
Circuit Model
Trust Fund
TMCP Propwty
35,147
108,967 {110,289)
33,825
1.883
92.133
(107.853)
320.000
1320,000)
222.284
351,45f
506,367
549,768
72,956
202.983 1218.142)
72,956
607,565
Restrlct8d funds
At 1s1
At 31st
Augu8t
2024
2023 Irthn* Ex￿dit￿re Transfers
MalorProparty Reserve
MSnlsters Removal
ResOEve Account
Mansè Inspectbjn
Reserve accA)unt
anse Rental Acox>unt
16.595
16,595
1,225
184
18,004
18.004
At 1st
At31st
August
2023
2￿
Incomo ExWdrtu￿ Transfers
Major Property R8S8rve
Mlnlslers Rèmov
Reserve AcGount
Manse Inspecllon
Reserve account
Mansé Fiental Aw)unt
16.047
I4.￿)
4,610
16.595
3,265
{2.040)
1,225
le￿)
1160)
{60821
4,770
{4,610)
20,096
4770
18,OCJ4
Page 9

Methodlst Church: GORNAL & SEDGLEY CIRCUIT
Management Infomiatlon
Year ended 31 August 2024
Thèfolowlng pag08 do not f¢rni pa1 of the f*)anolal statom•nt&
Pago 10

Methodlst Church: GORNAL & SEDGLEY CIRcurr
Detslled Statement of Finan¢lal Activities
Year ended 31 August 2024
21)24
2023
Income and endowmonts
Imrysknent income
Income from investment prop8rti8S
Bank & CFB Interest reeeNed
TMPC inloresl re￿iVed
4,77Q
103
11.224
1,883
6,730
11,327
Otherlncome
Gain on disposal of tangl￿ tsed assets hekj for charws own use
A888ssments on Churches
92,133
71,000
108,890
201.023
71,¢J)O
Totsl Incom•
82,327
207,753
Expendlturn
Expendllur• on chartt•blp activibes
Sb'pEnds. sajaries, NIC. Penslon aTrJ travel Lxtsts
Mansè costs
Oth&r outgoing8
Dlstrict 8ssessmenl & Leby
Adminislralion costs
Independent examinrfs fee
60,701
5.769
461
33.511
777
1,031
102,250
78.227
10,366
10,804
124,842
165
600
224,004
Total exp￿dIturn
1ff2.250
225.004
Net gain$ On inveBtments
tsainsllloss8s) on invèstment ￿OpertY
9,490
72.956
Net incomo
(10,433)
55,705
Page 11

Methodlst Church: GORNAL & SEDGLEY CIRCUIT
Nots8 to the Detsiled Slatomont of Financlal Activities
Yoar ended 31 August 2024
2024
2023
xpendllure on charftable activlll•8
Restslctsd Funds
Actlvltl*$ und8rtak8n dirncty
Manse ¢osts
Other wtg(Mng5
4.062
2.880
6.862
Circult Model Trust
Actlvltlos Undertak￿ dlrecty
Other outgoings
DistrKI assessment & levy
Office expenses
7,034
1(￿,795
24
8.540
9,169
107.853
General funds
Activitles undortaken dlft¥¢ty
Stiponds, salarles, NIC, pension and trav81 (xtsts
Manse costs
Other (￿gOing$
Dlslrict assessment & Levy
Offico expenses
60.701
5.769
461
24.971
78,227
6,304
970
24.047
141
92.050
109,689
Goveman¢• costs
Indep8ndenl examiners lees
1.031
600
Expondliur¢ on charltable acimtles
102,250
225,￿4
Page 12

RESERVES POLICY
Report on behalf of
Gomal & Sed I Circuit 28114
I'church Counciv Circuit MeetinglDistrict)
Circuit Meeti
("Circuit MeetintyDistri¢t)
We submit our annual report in accordance wilh the
(iii) We have agreed a Reserves Policy which is
requirements of the Methodist Conference and the
set out overleaf and Is recorded in the
Charity Commission gutdance in CC19.
tNstees' minutes and our Annual Report
{11 The trustees have established their mission
aims taking into account 811 of Ihe resources
available in tem￿ of people. property and
money
(Nl We recognise the need lo be accountable as
charity trustees for all the money which comes
into our hands and will provide further
infomiation
as
required
by
the
CircuitlDistrictlConnexion
(li} Misstin initiatNeslproiects have been costed
or estimates made of projected future costs
which take into account the needs of the
buildings and the requirements of the
Quinquennial Inspection Reportls
(v) Our RepK)rt is aliached overthf
. pkne a$ appropriate
To be completed by Receiving Body
The
Circuit Meeting Gornal & Sedgley
"Circuit Meeting re￿iVed the RESERVES POLICY of
28114
. Circuit MeetinglDistrict
Policy accepted and athnowledgement sent to the trustees
YES
Policy noted and the following enquiries made of the trustees
Responses received and any further action taken
'Circuit
Signatures
Please delete as a
.Chalr..............
6131£%
ri*e

RESERVES POLICY of
Gornal & Sed ley Circuit Meetin
28.14
("Church Council
Icircuit MeetingE]IDistricQ)
General Funds held at YE 3110812024
£597.132
Restricted Funds P￿Id
£18004
Endowment Funds held
£0
Reserves policy for General Funds
The Circuit aims to hold in reserve a figure not less than 6 months of the required amount to
cover day to day expenditure The General fund is used to cover the day to day expenditure of the
Circui( and to include items such as stipends, District charyes etc. The reserves include a
valuation of the Circuit Manse. at £360.946 which is not immediately available for day-today
expenditure. The net figure resulting in £236,186
5 Polic
for Restricted Funds
To be used as required, for the maintenance of the Manse and providing for future removal costs
of any incoming Minister.
Terms relating to Endowment Funds held
none
This Reserves Policy has teen approved by
Circuit Meeting
{"Churth Council
Icircutt Meeting
DistrictEI)
Treasurer
Trustee
Full name
Jennifer O Beardsmore
Full Name
John Parter
Signature
Signature