2023-08-31-accounts

Wantage and Abingdon Methodist Circuit 23/02 Trustees' Report for the Year Ended 31st August 2023

Governance

The Governing Body of the Wantage and Abingdon Methodist Circuit and the Methodist Church is the Methodist Conference. The authority under which the Methodist Conference acts is given by The Methodist Church Act 1976.

Registration with the Charity Commission

The Wantage and Abingdon Methodist Circuit has been registered with the Charity Commission since 26 November 2009 with the number 1132995.

Nature and Purpose

Standing Order 500 of The Constitution Practice and Discipline of the Methodist Church states that the Circuit is the primary unit in which local churches express their interconnexion in the Body of Christ, for the purpose of mission, mutual encouragement and help. It is in the Circuit that presbyters, deacons and probationers are stationed and local preachers are trained and admitted and exercise their calling. The purposes of the Circuit include the effective deployment of the resources of ministry, which include people, property and finance, as they relate to the Methodist churches in the Circuit, to churches of other denominations and to participate in the life of the communities served by the Circuit. This includes local schools and colleges and in ecumenical work in the area including, where appropriate, the support of ecumenical Housing Associations.

Responsibilities

The Circuit Meeting is the principal meeting responsible for the affairs of the Circuit and the development of Circuit policy. It shall exercise that combination of spiritual leadership and administrative efficiency which will enable the Circuit to fulfil its purpose as set out in Standing Order 500, and shall act as the focal point of the working fellowship of the churches in the Circuit, overseeing their pastoral, training and evangelistic work. A further responsibility is to encourage leadership within the Circuit.

Trustees

The members of the Circuit Meeting are the Managing Trustees for Circuit property. There is no minimum number of members and, in addition to the Circuit staff, the majority of the remaining members are appointed by the 9 churches in the Circuit. The Circuit Stewards are appointed annually by the Circuit Meeting.

The Circuit Leadership Team comprises the Circuit staff, Circuit Stewards, the Circuit Treasurer and the Circuit Property Secretary.

Circuit Mission Statement

The churches constituting the Circuit support one another in responding to God's love in Christ by the proclamation of the Gospel through discipleship, worship and social action.

Circuit Policy

Underpinning all that we do is God-centred worship and prayer. We seek to share God's love seen in Jesus Christ and invite others to respond to that same love. In support of this we actively seek opportunities to develop Christian discipleship and confidence in

expressing our faith (e.g. by courses, quiet days, outreach initiatives and the use of technology). The Circuit Policy has been defined as follows:

• 1) The Circuit is the primary unit in Methodism

we will encourage Circuit identity and a sense of shared mission

Circuit staff will be deployed in order to further the mission of the whole Circuit we will encourage churches to see the Circuit Assessment as missionary giving and not as an unwelcome imposition.

• 2) Our two LEPs give us particular opportunities to work ecumenically and we are committed to these and we will look for further ecumenical opportunities, either formal or specific pieces of work.

• 3) As a Circuit we will give priority to resourcing the four centres (the four towns).

• 4) We will give priority to those places where major new housing developments are taking place.

• 5) Our village churches will be supported as long as members in those churches wish to continue their work in those villages and new initiatives will be supported.

If help is needed with specific tasks from members of other churches in the Circuit, this will be facilitated if possible.

We will not commit large sums of money or large numbers of people to retain buildings in places where the life of a church is no longer sustainable.

We will not resist requests to close if Church Councils seek permission.

Reserves Policy

The Circuit Meeting has agreed a reserves limit of £103,000 in total for five funds, namely, the general fund, manse maintenance fund, circuit development and training fund, removals and equipment fund and the chaplains. In total at 31st August 2023 the funds have a balance of £153,107 which includes £100,000 to pay for the deacon appointment for the next two years and work at the Didcot Manse. The Circuit Model Trust Fund, the Lee Donovan, Richard Cox and Brenda Izzard bequests have a balance of £221,138 and a reserves limit of £700,000. A further fund, the Circuit Ministry & Mission fund, currently with a balance of £19,340 and a reserve of £70,000, is for circuit mission initiatives.

Financial review

The balance on the general fund is £131,059 against a budget of £107,231. This is because the balance includes £100,000 to pay for the work of the Deacon in the circuit for the next two years and work at the Didcot Manse.

Circuit Treasurer

Gordon Skidmore became Circuit Treasurer from 1[st] September 2022. He was assured of the prayers and support of the Circuit and Geoffrey Maunder, who held this post for a number of years, was thanked for all his hard work.

Review of Activities

The regular on-going work of the Circuit and the wider community continues to be greatly appreciated.

The Circuit continues to give prayerful consideration as to how we function post Covid-19, making good use of technology to regularly Zoom services and hold both business and fellowship meetings.

Childrey Methodist Chapel

During the year, Childrey Methodist Chapel became a class of Wantage Methodist Church due to changes in Methodist Policy regarding the minimum number of members needed to be a church. Sunday services continue to be held at Childrey on the 2[nd] and 4[th] Sundays of the month at 11:00am

Community Chaplaincy

Our Community Chaplains continue to reach out into our communities and engage with the wider world in so many creative and innovative ways. Their presence is greatly appreciated and highly valued by the Circuit.

February saw Wendy Moorin officially commissioned as an Anna Chaplain along with her dog Tilly whose presence in the care homes Wendy visits is a focal point for conversation and encounter.

God in love unites us

During the year, All Saints, Trinity, Wallingford, Wantage, Didcot and Grove churches voted in favour of allowing same sex marriages to take pace in their buildings.

The Future and sustainability

As of 1[st] November 2022, the membership figure for the Circuit was 471. This figure continues to affect both our Circuit and Connexional decisions about future staffing.

A Circuit Meeting Plus #1 event was held at All Saints Methodist Church on 4[th] March 2023 to begin a consultation process with as wide a constituency as possible as we look towards September 2025 when the Circuit will move to having two, rather than three Presbyters.

This was well attended and the District Mission Enabler Matt Forsyth was able to share some ideas with those present.

Whilst this first event focussed on how to manage the preaching and the number of worship centres in the Circuit, future gatherings would be looking at other issues in due course

Staffing

During this year, the Circuit (through the work of the Circuit Stewards and the Circuit Invitation Committee) was involved in the re-invitation/stationing process for a Presbyter and a Deacon. This process started in May of 2022, with the outcomes brought to the September 2022 Circuit Meeting.

The Circuit Stewards and Circuit Invitation Committee were thanked for all their hard work and diligence.

It was noted that the Revd Jocelyn Bennett would be leaving the Circuit in August 2023. The Circuit, would therefore, be involved in stationing for 2023 for a Presbyter. The Circuit Meeting delegated permission to the CiC to offer an invitation on their behalf, with the Revd Bruce Thompson being stationed to the Circuit from 1[st] September 2023.

Deacon Selina Nibett’s appointment was extended for a further 2 years until August 2025.

Local Preachers.

Our thanks to our Local Preachers, Worship leaders, who so faithfully serve the churches in our Circuit week by week as they lead worship and preach God’s word.

As has become our custom, the Advent Devotional Booklet was very well received across the Circuit and beyond.

The Circuit Meeting remembered with a sense of thanksgiving the life of Linda “Joy Gee”.

Certificates celebrating 60 years of being Local Preachers were presented to both Barbara Kershaw and Marlene Chalkley at a special Circuit Picnic and celebratory service held at Milton Methodist Church in June.

Safeguarding

The Circuit Safeguarding Policy was unanimously agreed.

GDPR

The GDPR report on behalf of the circuit and the GDPR report on behalf of the Community Chaplains were unanimously agreed.

EDI

Equality, diversity, inclusion is an important element of the life and work of the Methodist Church with the necessary training being offered both on-line and face to face for those who need it.

It is also a reminder to the Churches and Circuit to ask the question “Who is missing and who is not here?”

Circuit Leadership Team

The members of the Circuit Leadership Team as of 31st August 2023 are set out below: Revd Keith Underhill (Superintendent)

Revd Jocelyn Bennett Revd Ian Griffiths Anne Matthews (Circuit Steward) Deacon Selina Nisbett Mary Hancock (Circuit Property Secretary) Carolyn Roche Senior Circuit Steward Gordon Skidmore (Treasurer) Geoffrey Maunder

Additional Information

For the purposes of Section 41 of the Statement of Recommended Practice we give the following information:

The Superintendent Minister’s address: 14 Haywards Close, Wantage, Oxon. OX12 7AT

Principal address of the Methodist Church: 25 Tavistock Place, London WC1H 9SF Bankers: HSBC Bank plc, 24 Market Square, Witney OX28 6BG

Investment Advisors & deposit account: Central Finance Board of the Methodist Church, 9 Bonhill Street, London, EC2R 4PE

Independent Examiner: Cooper Parry Advisory Limited, 3 Danebrook Court, Langford Lane, Kidlington, Oxford, OX5 1LQ

Trustees

The following served as Trustees of the Wantage and Abingdon Methodist Circuit from 1st September 2022 - 31st August 2023:

D. Adams, J Anderson, A. Barber, C. Bartlett, J, Bennett, R. Bett, K. Blake, M. Blake, P. Burns, S.Butler, I. Byron H. Carter, G.J. Caudle, J. Caudle, M. Chalkley, P.L. Cook, R. Coward T. Coward, M. Cox, A. Dixon, A. Fear, H. Gant, I Griffiths, T. Griffiths, J.A. Grunwald, M. Hancock, C. Hawkes, P. Hemmings, C. Hill, G. Ifill,S. Ifill, B.E. Kershaw, T. Kyffin, A. Lowe, A. Matthews, G. Maunder, M.P. Maunder, S. Nisbett, N. Oastler, A. Phillips, C. Phillips, E. Rennie, C. Roche, S. Scrivener, B. Sexton, J.G. Skidmore, G. Skidmore, K. Smith, I. Sturt, K. Underhill, H. Weston, P.R. Williams, E. Wood

Circuit Accruals Accounts 2022-2023 THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2023 Wantage & Abingdon Circuit Registered Charity- Registration number 1132995 District No I Circuit No 2312 Ministers Rev Ktsilh Undeihill Rev lan Griff iths Rev Joeel n Bennett Rev Selina Nisbett Clr¢ull Stewards Mrs Carol n Boche Mr G8ollre Maunder Dr Anne Mallhews Mr John Gordon Skidtnoie Circuit Treasurer Mr John Gordon Skidrvore

Wantage & Abingdon Circuit Circuit No 2312 Statement of Financial Activities (SOFA) for the year ended 31 August 2023 Clrcult PAodel Dtrslgnated Note¥ to the General Fund Trust Funds Restricted Endowment Total 2OT2. a¢¢ounlS IUnre5trictedl IUnre5trictedl lunre5tri£ledl Funds Funds 23 Income 1 Donations and ￿g8(￿È$ 2 Incorne frotn monetary investmen15 3 Incoffle from inveslmenl properties 4 Assessmenls on Churches 5 CapilaS A8c8ipIs 6 Granis received 7 Other chariiable income 8 Total InBorn 195 5.202 196 14960 8.613 145 189,956 189.956 19S,353 8,613 145 204.111 Expenditure 9 Granls and donation5 10 Salaries and 2SSOCi3tÈd ￿$19 11 Property maintenance 12 Connexional assessment & mthjel Irusi levy 13 District Asses5rnenl & Levy 14 Deprecration 15 Ottice expenses 16 Other oulgoings 17 Total charitable 8xpendltur8 18 Gainslllos5esl on monetary investrnents 19 Gai￿￿11055e5) on invesltnent properties 20 Nèt Incom￿(6xpendIlUral 21 Transfers between fund5 22 Other gain51llosse51 23 Net movement In tund 24 Total fund5 broughtforward 25 Total funds carrled forward 7.500 164.546 25,875 58,174 10.599 164,546 25￿75 38.989 WJ.285 815 12.686 24,415 14,552 298,161 24,415 14,565 319,175 21,W1 -102,W8 ioo.o -12,500 100.000 132 -115,176 .2,808 1,334,430 1,331,622 -112,500 285,817 173.317 132 4.513 4,645 .113,176 1.624.760 1,509.584

Wantage & Abingdon Circuit CircLJit No 2312 Statement of Financial Activilies (SOFA) for the year ended 31 August 2022 Notes to Clreu5t Model Oeslgnated the General Fund Trust Funds accounts liJnre$trl¢tedl (Uttresirl￿edl lunrestrlciedl Restrlcted &)dowment Funds Funds Toial 2021.22 Income 1 Donaiions and legaoes 2 Income Irom monetary inv8slments 3 Income from iTrvestFnent propert18S 4 Assessments on Churches 5 Capital Receipts 6 Grants received 7 Other ¢haritable income 8 Totsl income 420 709 420 2,330 1,598 23 185.328 185,328 186.457 1.598 23 188,078 Expenditure 9 Grants arKf donations 10 Salaries and associatod cosis 11 Property maintenanc& 12 Connexional assessment & mcKlel Iwsl levy 13 District Assessm8nt & L8Vy 14 Dèpreciaiion 15 Office expenses 16 Other outgoi￿5 17 Total charitable 8xp8ndituro 18 Gaillslllos8851 on monelary Inve51m8nl8 19 Gainslllossgsl on inv&sim&nl properties 20 Net Incomellexpendltur81 21 Transfeis between funds 22 Other gainslllosse81 23 Net movement In funds 24 Total fund5 brought forward 25 Total funds carrled forward 1,148 157.629 7,101 55,449 10,497 3,500 24.802 9,199 269,325 7,500 10 157,629 7.101 56,462 28.029 3.500 24,802 9.199 295.370 11761 999 17,532 14 28,031 176 14 42068 40.323 .24,609 40.000 -107,468 323 42545 1.376,975 1,334,430 -314 4,827 4,513 -107,468 f,732 228 1.624,760 350.426 2BS,617

Waniaoe & Abingdon Circut ¢i￿Ul1 Nts 2312 Balance Sheet as al 31 August 2023 GèneRI Fund IUnrè$tri¢tÈdl Circurt Trusts Iunrestricledl DEsign4ts Funds IUnrè%triClÈdl RÈstii¢1od Fund¥ EndowNnt Fund$ Totsi$ 2021r22 2UZW23 Notès loth Atetsuflts xed A5Eels Cl￿￿1[ Kqan595 & Equiprnpnl 1,118.000 1.116,WO 1.116.0ts) INv8slmoM8 2.514 2,514 T¢tsl 1.116.th) 1.11&514 1,118,626 CurrgNA55fy1$ Debtors LuaTr8bylhp Cirevil InYe51mpnt5 wi1hTMCP Centlw Fillance 8oatcl Dekw15 Cash a1 Ba￿k in la ToralcurwentBS90ts 13.526 13,526 12.589 43.175 184.656 41 368 282.723 t70.B03 4.&15 21B.623 1B4,656 41,366 45e,171 329.852 )89.O¥J 44.4tr2 575,666 17000$ 4,645 69,532 Gianlspay&DIE v.thin X23-4 Tof&lcurrenl lifjbililiesr 67.101 215,622 7,101 291.070 69.532 5U6,134 170W3 4,645 1,331,fj22 17&317 4,fy15 1,509,584 1,524,7fj0 LoTrg terrn 114biiirie5 Idue after more than one yearl Gralllspayabre after 2023-24 NetJssets 1.331,622 173,31T 4,645 1,509,584 1,£24,760 Fund¥ol the Clvcult G8Tr8ral Fund IUfire8Mct8dl 1.331.622 1,334,430 28S,817 173.317 5ignated F￿ndS IUni&siticiedl 1.504.939 4.645 1ffi20247 4.513 Reslricled 4,615 Endowmoni Fu￿￿ rotalFunds 1.331,622 173,317 4,645 1,509,584 1,624,760 Signed Circuit Treasurer

Wantage & Abingdon Cirtuit Cir￿lt Notes to the Accounts 1 8a515 of accounting The financial 513temenis have been prepared under the Charities SORP FRS 102'Accouniing3nd Repo￿1￿8 by Chariiies.. Statement of Recommended Practice ISORPI applicable io charities preparing their accounts In accordance with the Financi31 Reporting Standard applicable in th? UK and R@publicOf Ir@land IFRS 1021 leffective from I january 20151- Financial Reporting Standard 102 'The Financial Reporting St&ndard 8pplicable in ihe UK and Republicol Ireland, 3nd theCharitiesACI 2011. 2 FurKEs The fund5 held constitute.. General Funds held lor any purpose of ihe Ciycuii which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in StÈndingOrders and is cate8ori5ed a5 unrestricted. There is one Restricted fund which 15 3 I￿qUestIO be used forthe upkeep of Southmoor 8raveyard. T￿re are no Endowrnent fvnds. Therè are no material fund5. Any fund5 may be represented bymoreth3n just cash. 3 Accounting policies Basls Thèse accounts have t*en preparedon the basls of historical cost except thai investments afe shown at their market value ai the end of the year, on the accruals basis io show a true and fair view of Ihe Circuit's fin8n¢i81 position and activifies Income Recognition Incotne is included in the StalemeDt of Vinancibl Activitie5 ISOFAI when rhe Circuit becornes entitled to the resources, and the trustees are reasonably cer131n they will recelve the resouros.. and the monetary value can be m@asu￿d with sumicient reliability. Resources Expended reco8nised a5 $00Tr as an outFlow of economic benefit Is considered more likelythan not under ihe legal orconstructive obligation committing the Circuit to pay out resources. Grants Grants made by rhe Circuit from its own f￿r￿SaFe recognised in full at the timeof agreement or when the Circuiiac￿pts thai there is a legal or operational obligation io make ihe payment. When ihe grant 15 returreni Over more ihan one year the balance payab￿ in future years is tieaied as a provision for future commitmen15 in the BaLin￿ Sheei against the appropriate fund. the provk5ion being released in futuie years as instalment5 re paid in accordance with the originally agreed terms. VAT sin￿lhe(Ir(Uit is not VATregistered. 311 input VAT is tharÈed with the expenses to which it refers. Tangible flxed assets for use by the ClrcuSt These are Capitalised If Iheycan be used foi more than ¢neye3r. and irdividuèlly cott at least El.((K). Thefreehold property IS Shown In Ihe accounis ar 2016 deerrtd values of which the land component is deemed to be £372,000. No depreciation is provided on the buildin8 because the iru5tee5 consider the currellt residual lair value of the manse buildin85 lon the assumption that it had reached the end of it5 Useful e￿￿ornI[ life bythe year-endl to be not le55than it5 curreni value. Any depreciation would not be material. The property has been ￿¥￿e￿ for impalrment. Investment Properties Investment properiies- llo property 15 curreniiy deemed to not be held for the long term wrp05esof the charlty. Investments Invp5tment5 are valued in thè bèlènce sheet at market ￿lue atthe year end. Investment incolne is included in theaccount5when recewable and any gains or losses on revaluation at the year end arè shown in thÈSOFA. Debtors and Prepayments Debtors relate 10 the payment of theSeptember stipend in August. Creditors Creditor5 nclude both sundry eXp￿￿Se5 and 5PEuficallythe 1st q￿arter asse55rnent received in Au8USt.

Wantage & Abingdon Circuit Circuit 2023 Total £000 2022 Total £000 4. Donations and leBacies Unrèstricted Clrcuit Model Trust Fund Restrirted £000 £000 Donations Legacies Total 5. Charltable actlvities- other 2023 Total £000 2022 Total £000 Unrestricted Circuit Model Trust Fund Restricted £000 £000 Charitable activitie5- Other I Charitable activities- Other 2 Charitable activitie5 - Other 3 Total 2023 Total £000 2022 Total £000 6. Other tradlng actlvitSes Unrestricted Circuit Model Trust Fund Restrict*d £000 £000 Lettings (Propèrty namÈl - I Lettings (Property nèmel 2 Lettings (property namel- 3 Lettings (Property namel- 4 Miscellaneous I Miscellaneous 2 Miscellaneous 3 Miscellaneous 4 Total Clrcuit Model Trust Fund 2023 Toial 2022 Total £ofy) 7. Investment income Unrestrlcted Restricted £(M)o £fy)o Central Finance Board Rental income Other Total 14 14

Wantage & Abingdon Circuit 8. Payment to Trustees Thi5 year Last year Payments made to trustees for additional services provided to the Circuit by agreement wlth the Circuit Meeting Number of trustees who were paid expenses Nature of the expeNse5 Expense payments primarily relate to reimbursement for travel and computing costs Total amount paid 9. Fees for examination or audit of the a¢¢ounts Independent examinerfs or auditors. fees for reporting on the accounts 2,280 2,280 Other fees leg.. advice, accountancy services) paid to the independent examiner or auditor 10. Paid employees Staff Costs paid durlng thè year wère- Gross wages, salaries and benefits in kind 123.891 118,675 Employer's National Insurance costs 10,980 10,509 Pension costs 29,675 28,445 Total staff costs 164,546 157,629 Average number of staff employed during the year were: There are no employees who received total employèe benefits (excluding employer pension costs) of more than £60,￿0.

Niii 11 11 11 11 11 11 11 11 11 11 Hili

Wantage & Abingdon Circuit 12 Investments The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments. TMCP 1% ihe legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the dèv to day management of trust property. TMCP ensure that, through providing guidance and acting under their direction. the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference. Analysis of investment movemènts Thls year P￿¥ year lrnvestments listed on a recognised Stock Exchange 2,514 2,626 Investments held in ctsmmon inve5trnent fund5, Securitie5 not listed on a reco8nised Stock Exchange Other investments Total 2,514 2,626 Change in investmènt values Carrying Imarketl value at beginning of year 2,626 2,802 Add.. additions to investments at cost Less.. disposals at carrying value Net gain/l10551 on revaluation -112 -176 Carrying Imarketl value at end of year 2514 2626

Wanta8e & Abingdon arcult 13. Analysls of current assets This year Last year DÈbtor5 and prepayments Pre paid stipends 13,526 12.589 Accrued income Other debtor5 Total debtors and prepayments 13.526 12.589 Analy5l5 of cash at bank Bank balance held in HSBC 41,366 44,402 Bank balance held in (Narne of bank) Bank balance held in (Name of bank) Total Cash and Bank 41,366 44.402 14. Anaty5is of current liabilities and long terni creditors Trade Creditors Cct Giro holdin& Received assessment ladvancel. audit provision.expenses outstanding 67.101 69,532 Total Current Llabllltles 67,101 69,532 15. Capital Commitments and Contingent Liabilltles At the 31 st August 2023 the Circuit had no capital commitments. At the 31 st August 2023 the Cireuit had Contingent liabilities that amounted to.. 110.000 107,500

Wantage & Abingdon Circuit DECLARATIONS Treasurer I conlirm that these accrual based ac¢oLJnls lor the year ended 31 August 2023 have been prepared from the records ol the CireLJit and that they inolude all funds under the control of the Gircuit MeetirKJ. Signature ol Tr8asuior Date Name ol Treasurer Address 72 ￿oF-, kl 4A)rAt¢?£ gx IZ 4EX Presentation to the Circuit Meeting for approval. l Confirm that the annual rpport and accounts for Ihe year ended 31 Aug 2023 were presented to the Gircu1t Meeting at Its meeting on and were approved. Signature of the Chair of the Fneeting Name ol the Chair ol the meets'ng Rev. Kelth Underhlll Date 24 Independent Examlner's Report to the Trustees ot the Wantage & Abingdon Circuit I report to the circuit Iruslees on the examinaiion of Waniage & Abinodon Gircuit A￿Ount$ for th& year ended 31° August 2023. Responsibilities and basis of report: As the circuit's Iiuslees you are responsible lor the preparation ol the accounts in accordan¢e with thts requirements ol the Charities Act 2011 I'the Aet'l. I report in respect ol my examination ol the Circuiys accounts Carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 14515llbl ol the Act.

Wantage & Abingdon Circuit DECLARATIONS Independent Examlner's &atement I have completed my examination. I confirm that no materlal matters have come to rny attention in connecb.on with the exarllination giving me cause to believe that in any material respect.. accounting records were not kept in respect ol the Circuit as required by section 130 of the Act., or the aeeounts do not a¢cord with those records.. or the accounts do Not comply wth the applicable requirernents concerning the lom and ¢onl8nt of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part ol an independent examination. l confirm that there are no other matters lo which your attention should be drawn to enable a proper understanding ol the accounts lo be reached. Name of indgp&ndeni examiner George Style Signature of independent examiner Relevant Professional qualification of inde endent exarniner ACA- Chartered Accountant Name ol lirrn (where appro riale Coo er Parr Adviso Limited Address 3 Danebrook Court, Langford Lane, Kidliwton, Oxford. OX5 ILQ. Date

Circuit Accruals Accounts 2022-2023 THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2023 Wantage & Abingdon Circuit Registered Charity- Registration number 1132995 District No I Circuit No 2312 Ministers Rev Ktsilh Undeihill Rev lan Griff iths Rev Joeel n Bennett Rev Selina Nisbett Clr¢ull Stewards Mrs Carol n Boche Mr G8ollre Maunder Dr Anne Mallhews Mr John Gordon Skidtnoie Circuit Treasurer Mr John Gordon Skidrvore

Wantage & Abingdon Circuit Circuit No 2312 Statement of Financial Activities (SOFA) for the year ended 31 August 2023 Clrcult PAodel Dtrslgnated Note¥ to the General Fund Trust Funds Restricted Endowment Total 2OT2. a¢¢ounlS IUnre5trictedl IUnre5trictedl lunre5tri£ledl Funds Funds 23 Income 1 Donations and ￿g8(￿È$ 2 Incorne frotn monetary investmen15 3 Incoffle from inveslmenl properties 4 Assessmenls on Churches 5 CapilaS A8c8ipIs 6 Granis received 7 Other chariiable income 8 Total InBorn 195 5.202 196 14960 8.613 145 189,956 189.956 19S,353 8,613 145 204.111 Expenditure 9 Granls and donation5 10 Salaries and 2SSOCi3tÈd ￿$19 11 Property maintenance 12 Connexional assessment & mthjel Irusi levy 13 District Asses5rnenl & Levy 14 Deprecration 15 Ottice expenses 16 Other oulgoings 17 Total charitable 8xpendltur8 18 Gainslllos5esl on monetary investrnents 19 Gai￿￿11055e5) on invesltnent properties 20 Nèt Incom￿(6xpendIlUral 21 Transfers between fund5 22 Other gain51llosse51 23 Net movement In tund 24 Total fund5 broughtforward 25 Total funds carrled forward 7.500 164.546 25,875 58,174 10.599 164,546 25￿75 38.989 WJ.285 815 12.686 24,415 14,552 298,161 24,415 14,565 319,175 21,W1 -102,W8 ioo.o -12,500 100.000 132 -115,176 .2,808 1,334,430 1,331,622 -112,500 285,817 173.317 132 4.513 4,645 .113,176 1.624.760 1,509.584

Wantage & Abingdon Circuit CircLJit No 2312 Statement of Financial Activilies (SOFA) for the year ended 31 August 2022 Notes to Clreu5t Model Oeslgnated the General Fund Trust Funds accounts liJnre$trl¢tedl (Uttresirl￿edl lunrestrlciedl Restrlcted &)dowment Funds Funds Toial 2021.22 Income 1 Donaiions and legaoes 2 Income Irom monetary inv8slments 3 Income from iTrvestFnent propert18S 4 Assessments on Churches 5 Capital Receipts 6 Grants received 7 Other ¢haritable income 8 Totsl income 420 709 420 2,330 1,598 23 185.328 185,328 186.457 1.598 23 188,078 Expenditure 9 Grants arKf donations 10 Salaries and associatod cosis 11 Property maintenanc& 12 Connexional assessment & mcKlel Iwsl levy 13 District Assessm8nt & L8Vy 14 Dèpreciaiion 15 Office expenses 16 Other outgoi￿5 17 Total charitable 8xp8ndituro 18 Gaillslllos8851 on monelary Inve51m8nl8 19 Gainslllossgsl on inv&sim&nl properties 20 Net Incomellexpendltur81 21 Transfeis between funds 22 Other gainslllosse81 23 Net movement In funds 24 Total fund5 brought forward 25 Total funds carrled forward 1,148 157.629 7,101 55,449 10,497 3,500 24.802 9,199 269,325 7,500 10 157,629 7.101 56,462 28.029 3.500 24,802 9.199 295.370 11761 999 17,532 14 28,031 176 14 42068 40.323 .24,609 40.000 -107,468 323 42545 1.376,975 1,334,430 -314 4,827 4,513 -107,468 f,732 228 1.624,760 350.426 2BS,617

Waniaoe & Abingdon Circut ¢i￿Ul1 Nts 2312 Balance Sheet as al 31 August 2023 GèneRI Fund IUnrè$tri¢tÈdl Circurt Trusts Iunrestricledl DEsign4ts Funds IUnrè%triClÈdl RÈstii¢1od Fund¥ EndowNnt Fund$ Totsi$ 2021r22 2UZW23 Notès loth Atetsuflts xed A5Eels Cl￿￿1[ Kqan595 & Equiprnpnl 1,118.000 1.116,WO 1.116.0ts) INv8slmoM8 2.514 2,514 T¢tsl 1.116.th) 1.11&514 1,118,626 CurrgNA55fy1$ Debtors LuaTr8bylhp Cirevil InYe51mpnt5 wi1hTMCP Centlw Fillance 8oatcl Dekw15 Cash a1 Ba￿k in la ToralcurwentBS90ts 13.526 13,526 12.589 43.175 184.656 41 368 282.723 t70.B03 4.&15 21B.623 1B4,656 41,366 45e,171 329.852 )89.O¥J 44.4tr2 575,666 17000$ 4,645 69,532 Gianlspay&DIE v.thin X23-4 Tof&lcurrenl lifjbililiesr 67.101 215,622 7,101 291.070 69.532 5U6,134 170W3 4,645 1,331,fj22 17&317 4,fy15 1,509,584 1,524,7fj0 LoTrg terrn 114biiirie5 Idue after more than one yearl Gralllspayabre after 2023-24 NetJssets 1.331,622 173,31T 4,645 1,509,584 1,£24,760 Fund¥ol the Clvcult G8Tr8ral Fund IUfire8Mct8dl 1.331.622 1,334,430 28S,817 173.317 5ignated F￿ndS IUni&siticiedl 1.504.939 4.645 1ffi20247 4.513 Reslricled 4,615 Endowmoni Fu￿￿ rotalFunds 1.331,622 173,317 4,645 1,509,584 1,624,760 Signed Circuit Treasurer

Wantage & Abingdon Cirtuit Cir￿lt Notes to the Accounts 1 8a515 of accounting The financial 513temenis have been prepared under the Charities SORP FRS 102'Accouniing3nd Repo￿1￿8 by Chariiies.. Statement of Recommended Practice ISORPI applicable io charities preparing their accounts In accordance with the Financi31 Reporting Standard applicable in th? UK and R@publicOf Ir@land IFRS 1021 leffective from I january 20151- Financial Reporting Standard 102 'The Financial Reporting St&ndard 8pplicable in ihe UK and Republicol Ireland, 3nd theCharitiesACI 2011. 2 FurKEs The fund5 held constitute.. General Funds held lor any purpose of ihe Ciycuii which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in StÈndingOrders and is cate8ori5ed a5 unrestricted. There is one Restricted fund which 15 3 I￿qUestIO be used forthe upkeep of Southmoor 8raveyard. T￿re are no Endowrnent fvnds. Therè are no material fund5. Any fund5 may be represented bymoreth3n just cash. 3 Accounting policies Basls Thèse accounts have t*en preparedon the basls of historical cost except thai investments afe shown at their market value ai the end of the year, on the accruals basis io show a true and fair view of Ihe Circuit's fin8n¢i81 position and activifies Income Recognition Incotne is included in the StalemeDt of Vinancibl Activitie5 ISOFAI when rhe Circuit becornes entitled to the resources, and the trustees are reasonably cer131n they will recelve the resouros.. and the monetary value can be m@asu￿d with sumicient reliability. Resources Expended reco8nised a5 $00Tr as an outFlow of economic benefit Is considered more likelythan not under ihe legal orconstructive obligation committing the Circuit to pay out resources. Grants Grants made by rhe Circuit from its own f￿r￿SaFe recognised in full at the timeof agreement or when the Circuiiac￿pts thai there is a legal or operational obligation io make ihe payment. When ihe grant 15 returreni Over more ihan one year the balance payab￿ in future years is tieaied as a provision for future commitmen15 in the BaLin￿ Sheei against the appropriate fund. the provk5ion being released in futuie years as instalment5 re paid in accordance with the originally agreed terms. VAT sin￿lhe(Ir(Uit is not VATregistered. 311 input VAT is tharÈed with the expenses to which it refers. Tangible flxed assets for use by the ClrcuSt These are Capitalised If Iheycan be used foi more than ¢neye3r. and irdividuèlly cott at least El.((K). Thefreehold property IS Shown In Ihe accounis ar 2016 deerrtd values of which the land component is deemed to be £372,000. No depreciation is provided on the buildin8 because the iru5tee5 consider the currellt residual lair value of the manse buildin85 lon the assumption that it had reached the end of it5 Useful e￿￿ornI[ life bythe year-endl to be not le55than it5 curreni value. Any depreciation would not be material. The property has been ￿¥￿e￿ for impalrment. Investment Properties Investment properiies- llo property 15 curreniiy deemed to not be held for the long term wrp05esof the charlty. Investments Invp5tment5 are valued in thè bèlènce sheet at market ￿lue atthe year end. Investment incolne is included in theaccount5when recewable and any gains or losses on revaluation at the year end arè shown in thÈSOFA. Debtors and Prepayments Debtors relate 10 the payment of theSeptember stipend in August. Creditors Creditor5 nclude both sundry eXp￿￿Se5 and 5PEuficallythe 1st q￿arter asse55rnent received in Au8USt.

Wantage & Abingdon Circuit Circuit 2023 Total £000 2022 Total £000 4. Donations and leBacies Unrèstricted Clrcuit Model Trust Fund Restrirted £000 £000 Donations Legacies Total 5. Charltable actlvities- other 2023 Total £000 2022 Total £000 Unrestricted Circuit Model Trust Fund Restricted £000 £000 Charitable activitie5- Other I Charitable activities- Other 2 Charitable activitie5 - Other 3 Total 2023 Total £000 2022 Total £000 6. Other tradlng actlvitSes Unrestricted Circuit Model Trust Fund Restrict*d £000 £000 Lettings (Propèrty namÈl - I Lettings (Property nèmel 2 Lettings (property namel- 3 Lettings (Property namel- 4 Miscellaneous I Miscellaneous 2 Miscellaneous 3 Miscellaneous 4 Total Clrcuit Model Trust Fund 2023 Toial 2022 Total £ofy) 7. Investment income Unrestrlcted Restricted £(M)o £fy)o Central Finance Board Rental income Other Total 14 14

Wantage & Abingdon Circuit 8. Payment to Trustees Thi5 year Last year Payments made to trustees for additional services provided to the Circuit by agreement wlth the Circuit Meeting Number of trustees who were paid expenses Nature of the expeNse5 Expense payments primarily relate to reimbursement for travel and computing costs Total amount paid 9. Fees for examination or audit of the a¢¢ounts Independent examinerfs or auditors. fees for reporting on the accounts 2,280 2,280 Other fees leg.. advice, accountancy services) paid to the independent examiner or auditor 10. Paid employees Staff Costs paid durlng thè year wère- Gross wages, salaries and benefits in kind 123.891 118,675 Employer's National Insurance costs 10,980 10,509 Pension costs 29,675 28,445 Total staff costs 164,546 157,629 Average number of staff employed during the year were: There are no employees who received total employèe benefits (excluding employer pension costs) of more than £60,￿0.

Niii 11 11 11 11 11 11 11 11 11 11 Hili

Wantage & Abingdon Circuit 12 Investments The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments. TMCP 1% ihe legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the dèv to day management of trust property. TMCP ensure that, through providing guidance and acting under their direction. the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference. Analysis of investment movemènts Thls year P￿¥ year lrnvestments listed on a recognised Stock Exchange 2,514 2,626 Investments held in ctsmmon inve5trnent fund5, Securitie5 not listed on a reco8nised Stock Exchange Other investments Total 2,514 2,626 Change in investmènt values Carrying Imarketl value at beginning of year 2,626 2,802 Add.. additions to investments at cost Less.. disposals at carrying value Net gain/l10551 on revaluation -112 -176 Carrying Imarketl value at end of year 2514 2626

Wanta8e & Abingdon arcult 13. Analysls of current assets This year Last year DÈbtor5 and prepayments Pre paid stipends 13,526 12.589 Accrued income Other debtor5 Total debtors and prepayments 13.526 12.589 Analy5l5 of cash at bank Bank balance held in HSBC 41,366 44,402 Bank balance held in (Narne of bank) Bank balance held in (Name of bank) Total Cash and Bank 41,366 44.402 14. Anaty5is of current liabilities and long terni creditors Trade Creditors Cct Giro holdin& Received assessment ladvancel. audit provision.expenses outstanding 67.101 69,532 Total Current Llabllltles 67,101 69,532 15. Capital Commitments and Contingent Liabilltles At the 31 st August 2023 the Circuit had no capital commitments. At the 31 st August 2023 the Cireuit had Contingent liabilities that amounted to.. 110.000 107,500

Wantage & Abingdon Circuit DECLARATIONS Treasurer I conlirm that these accrual based ac¢oLJnls lor the year ended 31 August 2023 have been prepared from the records ol the CireLJit and that they inolude all funds under the control of the Gircuit MeetirKJ. Signature ol Tr8asuior Date Name ol Treasurer Address 72 ￿oF-, kl 4A)rAt¢?£ gx IZ 4EX Presentation to the Circuit Meeting for approval. l Confirm that the annual rpport and accounts for Ihe year ended 31 Aug 2023 were presented to the Gircu1t Meeting at Its meeting on and were approved. Signature of the Chair of the Fneeting Name ol the Chair ol the meets'ng Rev. Kelth Underhlll Date 24 Independent Examlner's Report to the Trustees ot the Wantage & Abingdon Circuit I report to the circuit Iruslees on the examinaiion of Waniage & Abinodon Gircuit A￿Ount$ for th& year ended 31° August 2023. Responsibilities and basis of report: As the circuit's Iiuslees you are responsible lor the preparation ol the accounts in accordan¢e with thts requirements ol the Charities Act 2011 I'the Aet'l. I report in respect ol my examination ol the Circuiys accounts Carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 14515llbl ol the Act.

Wantage & Abingdon Circuit DECLARATIONS Independent Examlner's &atement I have completed my examination. I confirm that no materlal matters have come to rny attention in connecb.on with the exarllination giving me cause to believe that in any material respect.. accounting records were not kept in respect ol the Circuit as required by section 130 of the Act., or the aeeounts do not a¢cord with those records.. or the accounts do Not comply wth the applicable requirernents concerning the lom and ¢onl8nt of accounts Set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part ol an independent examination. l confirm that there are no other matters lo which your attention should be drawn to enable a proper understanding ol the accounts lo be reached. Name of indgp&ndeni examiner George Style Signature of independent examiner Relevant Professional qualification of inde endent exarniner ACA- Chartered Accountant Name ol lirrn (where appro riale Coo er Parr Adviso Limited Address 3 Danebrook Court, Langford Lane, Kidliwton, Oxford. OX5 ILQ. Date