REGISTERED CHARITY NUMBER: 1133077 Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2023 for GORDANO VALLEY METHODIST CIRCUIT
GORDANO VALLEY METHODISTCIRCUIT TRUSTEES ANNUAL REPORT YEAR ENDED 31" August 2023 The Trustees present their report and financial statements of the charity for the year ended 31, August 2023. Objectives and activities In setting the objectives and planning our activities, the Circuit Meeting lunder the leadership of the Circuit Leadership Team ICLTII, meets twice in each year, has given careful consideration to the Charity Commissioners, generèl guidance on public benefit and, in particular, to its supplementèry publi¢ benefit guidance on advancing our objertives and conforms to the Charity Art 2011. Our aim is to encourage and enable people of all ages to become followers of Jesus Christ, and to learn and grow in Christian faith. The Gordano Valley Circuit is committed to celebrating and sharing the good news of the Gospel,. that God loves us. Jesus died for our sins and is risen, and the Holy Spirit gives us strength and inspiration in our daily lives. We seek growth and renewal through the centrality of prayer and scripture, worship, and sacrament. We aim to do this by- Passing it on By encouraging mission and outreach as an integral part of the life of every Christian and every congregation. By offering appropriate pastoral care to those inside and outside the Church. By continuing to develop God-glorifying worship and teaching which is engaging and relevant to people of all ages and abilities. People By recognizing that everyone is valuable and has something to offer and by encouraging everyone's gifts. By placing a priority on the work with children and young people, while recognizing the needs of all generation5. By working in local communities to build bridges with those outside Church lives. By resourcing ministers and lèy staff to work in mission alongside Circuit Stewards and the congregation of the Circuivs churches. By working ecumenically and with other circuits where appropriate. By identifying and resourcing training needs within the Circuit. Property By prioritising 'good prartice, in all things including the safeguarding of children anij vulnerable adults, risk assessment. health and safety, employment and trusteeship. By making sure that churches in the Circuit are well maintained, well resourced, and welcoming to all through good stewardship of the money and buildings which have been entrusted to us. By linking into District and Connexional resources of the Methodist Church. Page I
GORDANO VALLEY METHODISTCIRCUIT TRUSTEES ANNUAL REPORT YEAR ENDED 31" August 2023 Achievements and performance Following a very difficult couple of years during Covid, church activity has now more or less resumed acr05S the Circuit, although a significant impact was made on church attendance. For all that, many new people have recently started to join some of the churches leven if they have not yet become members) and there is a fresh energy and renewed desire for growth. At the start of the Connexionèl year a Community Outreach Workerwas appointed to Kenn Road Church, and as a result a new Sunday afternoon congregation, a midweek cafe church, and a toddler group have started. The activity at the new Beacon Hub at Portishead is growing considerably, providing many new opportunities for community engagement. One person has been accredited as a local preacher in the last year, and the Circuit continues to train one other. For all the SiEns of encouragement, a deep concern over membership fiEures has been expressed, alongside the long-term affordability of a staff team of four ministers las well as the Connexion-wide availability of ministers). To thi5 end, an extensive consultation took place across the Circuit in order to strategically evaluate the size of the staff team, its deployment and the configuration of churches. As a result. a revised Mission Action Plan has been agreed by the Circuit Meeting. which sets numerical growth as the key priority facing the Circuit. The decision was taken to reduce from 4 to 3 ministers from September 2024. Volunteers Almost all of the work undertaken by the churche5 IS that of volunteers, from preaching and leading worship to youth and children'5 work, pastoral visltin& stewardship of finance and building5, right through to administration and forming of mission policy. The Circuit continues to seek to engage everyone in the churches to discern their own sense of calling and to live it out in local service. 2.1 Plans for future years In August 2024 two of the current ministers are due to leave the Circuwt. The Circuit Meeting has resolved to seek one new minister to join the team in September 2024. As a result, the Circuit will be overseen by 3 ministers, configured thus.. Nai15ea + Backwell + Yatton Portishead High St + Redcliffe Bay + Pill Christchurch LEP + Kenn Rd + superintendency Alongside this, a Mission Action Plan is to be implemented which sets the reversal of numerical decline as the top priority. This Mission Action Plan sets out how the Circuit will seek to nurture a more explicit culture of intentionality towards growth and provide practical means of resourcing it. Page 2
GORDANO VALLEY METHODISTCIRCUIT TRUSTEES ANNUAL REPORT YEAR ENDED 31" August 2023 Financial review During the year. the Circuit received total income of £299.07412021-22 £295.7241 and dispersed £274,025 12021-22 £291,793). The Trustees believe that the Circuit 1$ 3 going concern. Churche5 meet their assessments, and the Circuit has reserves to cover a shortfall in anticipated income. A review of the basis of sharing the assessment will be undertaken during 2023-24. The Circuit has the following principal sources of funds.. Assessments on churches within the Circuit ContributlOllS toward5 the cost of Lay Worker5 by churches Investment Policy and Performance To comply with Methodist Standing Orders, monies for long term investment are lodged with the Trustees for Methodist Church Purposes ITMCPI. TMCP acts as custodian trustee for all real estate held by circuits and for all large lover £20KI bequest5 and for the proceeds of Sale of any property formerly owned by the Circuit. Currently. the circuit has no funds lodged with TMCP. Short term deposits are held in a deposit account at the Central Finance Board ICFBlat rates of interest that reflect the financial market. Reserves The Circuit has agreed to maintain a minimum reserve based on four months, expenditure (excluding Ministers, stipends), half of which is to be held by the Circuit with half to be held by circuit churches, plus, ordinarily, around one year's budgeted expenditure on manse mèintenance, a £1,000 allowance for mission initiatives and an allowance for future stationing costs. Expenditure on manse maintenance in particular in 2022-23 was below budget but will be required instead in 2023-24 and thus a higher level of reserve wa5 in place the year end. The reserves at 31, August were- 2023 2022 Policy Minimum Reserves £46,612 £46,612 Actual Reserves £87,978 £62,929 Collaborative arrangements with connected charities The Circuit's main source of income is the assessments obtained from each church within the Circuit based on free will giving plus Gift Aid and membership, split 60% on income and 40% on membership worked on a three-year average. Part of the assessment paid by churches includes the District assessment on the Circuit in respect of central costs of the ConneKion and the DistricV5 own costs. Page 3
GORDANO VALLEY METHODISTCIRCUIT TRUSTEES ANNUAL REPORT YEAR ENDED 31" August 2023 Trustees, responsibilities Risk The Circuit is largely risk free. insofar as its costs are covered by the assessment on local churches. The main financial risk would be a shortfall in income Should a church be unable to meet its assessment. During the year the Circuit has reviewed its policies for: Safeguarding Conflict of Interest Risk Management Social Media Complaints Reserves Lay Employment Methodist Church Prwacy Notice Privacy Notice and Data Mapping Volunteer Management Structure, governance, and management The Circuit Is an unincorporated association and is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of the Methodist Church and was registered with the Charitv Commissioners on 2, December 2009. Structure Circuits are the coordinating charities for local Eroups of churches: Circuits pay the stipends of the ministers and employ lay staff to serve the churches in the Circuit,. most decisions are made or ratified at the Circuit meeting. A District is the coordinating charity for a group of contiguous Circuits and makes its decisions at the half yearly synods. The Methodist conference meets once each year as the supreme denominational body for all Methodist churches. l. Overall regulatory authority rests with the Methodist Conference. 2. The Connexional Office implements decisions made by Conference and also is responsible for the stationing of presbyter5 and deacons Icollertwely known as ministers) in individual Circuits and Districts. 3. Connexional decisions are passed to the Chair of the District and the appropriate officers of the District for implementation. 4. The District passes control down to Circuit level for local implementation by the superintendent Minister, ministerial staff and Circuit Stewards, and authority is delegated to the Circuit Meeting for certain matters. 5. The Circuit meeting passes regulatory control down to church counci15 for local implementation by the presbyter. the Church Stewards, and other officers. and this regulatory authority is then exercised by Church Councils as Managing trustees of their charity. Page 4
GORDANO VALLEY METHODISTCIRCUIT TRUSTEES ANNUAL REPORT YEAR ENDED 31" August 2023 Purpose of the Circuit The purposes of the Methodist Church are and shall be deemed to have been since the date of the union the advancement of.. The Christian faith in accordance with the dortrinal standards and the discipline of the Methodist Church, and b. Any charitable purposes for the time being of any Connexional. District, Circuit. local or other organisation of the Methodist Church, and Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church, and d. Any purpose for the time being of any charity being a charity subsidiary or ancillary of the Methodist Church. The primary purpose of the Circuit is to advance the mission of the Church in the Gordano Valley area of North Somerset; By providing opportunities for churches to work together and support each other. By offering to churches resource5 of finance, personnel and expertise. The Circuit serves the local churches and the District and the Conference in the support, deployment and oversight of the various ministries of the Church, and in programs of training. Governance The Circuit operates within a statutory framework of regulation and seeks to ensure that if follows Methodist Standing Orders. It relies on the Connexional Office at 25 Tavistock Place, London WCIH 9SF to provide guidance on changes that could affert the Circuit. Trustees are members of the Circuit meeting and are appointed as per the Constitution Practice and Discipline ICPDI of the Methodist Church, Standing order 510. The officers and representatives of the constitutive churches are elected from those respective churches. The circuit officers namely Circuit Stewards, Treasurer, Secretary, Property Secretary, Safeguarding Officer. Local Preachers Secretary. and any other officers that may be appointed are nominated and elected by Circuit Meeting members. The membership of the Circuit Leadership Team includes the ministers of the Circuit, the Circuit Stewards and Circuit Treasurer who are appointed byvote of the Circuit Meeting for a continuous term not normally exceeding six years. The Superintendent Minister is ex officio chair of the CLT. When a position becomes vacant on the CLT nominations are invited from the ministers and lay members of the churches they represent. The Superintendent Minister then shares with them what the role involves. If they wish to be considered for the role, their name5 are taken to the Circuit Meeting for approval. The CLT normally meets every two months and deals with routine and exceptional matter5. It overseas finance, property, stationing, safeguarding and training. Page 5
GORDANO VALLEY METHODISTCIRCUIT TRUSTEES ANNUAL REPORT YEAR ENDED 31" August 2023 Responsibilities of the Circuit Leadership Team l. To formulate and promote policies which will advance the mission of the Church in local churches and. in particular, to supervise the use of resources of personnel, property and finance and to assist local churches having exceptional problems. 2. To encourage ecumenical co-operation. 3. To art in an executive capacity in matters remitted to the Team by the Circuit Meeting. 4. To keep within its purview all circuit concerns not dealt with elsewhere. 5. To contribute and respond, ès the case may be, to the development of Connexional policies as reflected in the work of the Conference and the Methodist council, and to carry out its other responsibilities with any such development in mind. 6. To be aware of the public benefit guidance issued by the Charity Commission. Reference and Administrative Details Name ofthe charity The Gordano Valley Methodist Circuit, sometimes abbreviated to GVMC. Charity registration number 1133077, registered in England and Wales on 2nd December 2009. Principal Office The Office Christchurch Chapel Hill Clevedon BS217LL Tel. 01275 871483 ordanovalle www. methodists.info Names of Trustees The following seNed as trustees throughout part or all of the year 2022-23 or were trustees at the time of this report being approved.. Page 6
GORDANO VALLEY METHODISTCIRCUIT TRUSTEES ANNUAL REPORT YEAR ENDED 31" August 2023 Backwell Miss V Sowerby Mrs H Bentley Christchurch L.E.P. Rev R Herbert Rev C Jennings Mrs M Sutherland Mrsj Mcmanus Kenn Road Mrsj Bailev Mrc G Mills Rev P Challis Mrs W Mirièms Nailsea MrN Hardman MrPTodd Mrsm Emery Rev D Sharp MrD Markall CH Mrsc Lomas CH To 8111122 Min Min cs CH MrAPett Mr N Adams Mr J Richards MrsCGale CH CH Add CMS From 25110122 CH CH Sup CH Mrs Ball Rev P Andersen Rev C Challis CH Sup Sup From 6110122 From 3019122 From 2619122 From 1110122 cs CH LP Sup CT Mr R Lancaster MrA Emery Rev D Mallett Rev M Pullan CH CH Min Sup Mr5 L Powell Mr M Burnett Portishead Rev N Moxon Rev P Mortlock Rev B Hunt Mrs J Morris- Thurgood Redcliffe Bay MrD Uncles Rev D Harris Yatton Mr T R Calderbank Mr M Buckley Rev A Price Mrs8 Hook CH CH Mrs E Marsh CH Min Sup Sup CH Mrs B Thompson Rev H Noel-smith Christine Nutting Rev A Owen CH Sup CH Sup NV From 2619122 To 1519122 CH Sup Mrss Mason Mr A Reddrop CH cs CH Add Sup Add Rev l Bowlev Rev J Flowers Mr Kwoodham Mr M Fisher Sup Min cs CH Add cs LP Additional Member Circuit Steward Local Preachers Rep. CH CT Sup Church Steward/Rep. Circuit treasurer Supernumerary Minister CMS Min NV Circuit Meeting Secretary Minister Non-voting Page 7
GORDANO VALLEY METHODISTCIRCUIT TRUSTEES ANNUAL REPORT YEAR ENDED 31" August 2023 6.7 Superintendent Minister's PA Mrs Kathryn McManus-Jones Bankers National Westminster Bank PLC 89 High Street Weston-super-mare North Somerset BS23 IHJ Central Finance Board of the Methodist Church 9 Bonhill Street London EC2A 4PE Investment managers and custodlan trustees Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester MIUQ 6.10 Independent Examiner Andrew J Jordan FCA Haines Watts, Chartered Accountants Bath House 6-8 Bath Street Bristol BSI 6HL Approval The trustees report was approved by the trustees on 19th September 2023 and signed on its behalf bv.. Revd Dr Russell Herbert Superintendent Minister David Markall Circuit Treasurer Page 8
Gordano Valley Circuit Statement of Financial Activities {SOFA) for the year ended 31st August 2023 Unrestrirted Funds 2022-23 2021-22 Notes Income from: Charitable Activities - Assessment on Churches Income from Charitable Activities Investments Grants Other Income Total Income and Endowments 261,540 249,180 2,623 242 34,911 299,074 46,302 295,724 Expenditure on Charitable Activities- Management of the Clrcult Grants and Donations Salaries and Associated Costs Property Office Expenses District Assessment Other Outgoings Total Charltable Expenditure I,ioo 201,521 19,618 4,142 44,904 2,740 274,025 900 208,519 26,867 4,873 48,456 2,178 291,793 io Net Incoming/(Outgoin8) resources before transfers 25,049 3,931 Other gains/losses Net movement of funds 25,049 3,931 Total funds brought forward 2,050,785 2,046,854 Total funds carried forward 2,075,834 2,050,785 Page 9
Gordano Valley Circuit Balance Sheet as at 31st August 2023 Unrestricted Funds 2023 2022 Note Fixed Assets Circuit Manses BSI 1,987,856 1,987,856 Total Fixed Assets 1,987,856 1,987,856 Current Assets Debtors and Prepayments Central Finance Board Deposits Cash at Bank and in Hand BS2 BS3 B53 15,896 89,806 2,904 108,606 14,748 62,728 5,695 83,171 Total Current A55ets Creditors (due in under l yearl B54 20,628 20,242 Net Current Assets/Liobilities 87,978 62,929 Total Assets less Current Liabilities 2,075,834 2,050,785 Creditors and Accruals including any loans Idue after more than l yearl NetAssets 2,075,834 2,050,785 Funds of the Circuit General Fund Restricted Funds 2,075,834 2,050,785 Total Funds 2,075,834 2,050,785 The financial statements were approved by the Circuit Trustees on 19th September 2023 and were signed on its behalf by.. Revd Dr Russell Herbert David Markall Page 10
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31 August 2023 l Basls of accountlng and accountlng pollcles The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. Public benefit entity The Gordano Valley Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notelsl below. Basis These accounts have been prepared on the basis of historical cost. The accruals basis has been used and trustees present accounts that show a true and fair view of the Circuit's financial position and activities. Content The financial irbformation presented is relevant, reliable, comparable, and complete. Where estimates are used these are based on experience, research. and judgement. The accounts are expressed in £ Sterling, rounded to the nearest pound. Going Concern The accounts have been prepared on the assumption that the charity is able to continue as a going concern. The trustees consider that the charity has sufficient cash reserves to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. Consolidation The Circuit has denominational regulatory oversight in respect of the work of the churches within the Circuit but has no legal or operational control of those churches and their governing bodies except in extreme circumstances. For this reason, the financial statements of churches within the Circuit are not consolidated into these financial statements. vi. Income recognition Income is brought into account wher) there is entitlement, and the amount Is reliablv measurable once it is more than likely than not that the economic benefit of the income will be forthcoming. The Circuit acts as agent in the collection from churches and payment over of their contributions to various Funds controlled and administered by The Methodist Church "Connexional Funds" In all these matters the transactions are not reflected in the SOFA because they are the income of either the Connexion or churches 35 appropriate. Instead, the transactions are disclosed in the Notes to the Accounts. Page 11
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31 August 2023 In accordance with the Charities SORP IFR51021, the time of volunteers is not recognised. If goods are donated, a value will be shown in the SOFA or Notes where the value is considered material. Expenditure This is recognised when a liability is incurred, or a constructive obligation arises, where the amount is reliably measurable, and it is considered more likely than not that there will be an outflow of economic benefit. VAT The Circuit is not VAT registered. VAT is charged with the expenses to which it refers. Ix. Tangible fixed assets a. These are capitalised if they can be used for more than one year, and individually cost at least £1,000. b. The Freehold property14 manses) was valued at a deemed cost of £1,945,(K)O at 1st September 2015 by professional valuation, plus subsequent additions at a cost of £42,856. No depreciation is provided on the buildings because the trustees consider the current residential fair value of the manse buildings lon the assumption that it had reached the end of its useful economic life by the year endl to be not less than its cost to date. Any depreciation would not be material. The property has been reviewed for impairment. Basic Financial Instruments The charity has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value. xi. Debtors and Creditors Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. b. Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will normally result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. Short term Ilquid investments and cash Cash at bank is held to meet short-term cash commitments as they fall due rather than for investment purposes and includes all cash equivalents held in the form of short-term highly liquid investments. Cash equivalents are short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. Page 12
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31 August 2023 Methodist Connexlonal Funds The Methodist Church Connexion raises assessments aEainst circuits, and these are paid monthly to their districts. The circuits raise assessments against churches in the Circuit. The District remits to The Methodist Church Fund most of the sum received from circuits. A small sum is retained by the district to meet its own costs. The Circuit may act as agent for ad hoc collections for various funds controlled and administered by The Methodist Church. xiv. Ministers, manse costs The Circuit is required to provide accommodation for each minister in the Circuit and their families and this is seen as a benefit to the Circuit. Ministers are expected to occupy the manse provided for them. The Circuit bears the cost of repairs, maintenance, buildings insurance, council tax and water charges. These figures are not separately disclosed as benefits-in-kind for ministers as HMRC does not seek to tax these receipts in the hands of ministers. 2 Assessment on Churches The Circuit comprises eight churches and each is assessed for a contribution to meet the overall net costs of the Circuit. In making its assessment the budgeted income from investment income and property letting, confirmed external grants and contribution from churches towards the cost of lay employees is considered. The Circuit aims to cover all its core costs from the assessment. An Assessment on churches is determined by the Circuit each year, using a formula which takes into account the relative number of members in each church and its freewill giving plus gift aid receipts. Assessments on churches are generally paid monthly in advance and treated as pre-payments in the balance sheet. 3 Grants Received No grants were received by the Circuit during this period. 4 Other income comprises the following: 2022123 2021122 Contribution from churches towards lay workers 34,668 45,895 Contribution from Ministers for private use of telephone and broadband 243 257 Other 150 Totsl Other income 34,911 46,302 5 Grants and Donations Grants are recognised in full when the award is made once the Circuit accepts that there is a legal or constructive obligation to make the payment and that payment is probable. Grants totalling £l,10012022 £9001 to two organisations were made in the year. Page 13
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31 August 2023 6 Model Trust The Circuit does not have a model trust fund balance. 7 Stipends and Salaries and Associated Costs Staff Costs paid during the year were: 2022123 2021122 Gross wages, salaries, and benefits in kind Employer's National Insurance costs Pension costs 151,249 12,933 30,538 6,801 201,521 155,449 14,105 30,252 8,713 208,519 Other employment costs Totsl stsff C05tS Ministers, stipends are reviewed annually by the Connexion having regard to average weekly earnings and CPI inflation. No employees received employee benefits of more than £60,0(K). No accrual for holiday pay as it is immaterial. The holiday year ends on 31 August 2023. Staff are paid at or above the living waBe. 2022123 2021122 Total number of staff Full time equivalent 5.75 6.33 Four trustees are presbyters of the Circuit in receipt of a salary, costs of £150,63912022 - £144,416), travel costs of £3.45512022 - £2,911), telephone and broadband costs of £2,61412022 - £2,654) and training of £012022 - £3001. Pensions Most ordained presbyters and deacons are members of the Ministers, Pension Scheme IMMPSI. This is a defined benefit scheme. The Supreme Court held in 2014 that Methodist ministers (which term includes presbyters and deacons) are not employees of the Church. For simplicity, however, when dealing with National Insurance Contributions the terms 'employer' and 'employee' are used as they would be in an employing body. Lay employees are contractually employees and have the option of joining a pension scheme which the Circuit has arranged with NEST. This is a defined contribution scheme, and the Circuit contributes as employer to this scheme. 8 Payment to Trustees Payments made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting, excluding Stipends are as follows.. 2022123 2021122 Number of Trustees Total amount £0 £0 Page 14
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31 August 2023 9 Fee for examination of the accounts 2022123 2021122 Independent Examiner for reporting on the accounts Other fees le.g.: advice, accountancy services) paid to the independent examiner or auditor.. Accountancy Software 2,670 2,520 166 152 10 Dlstrlrt Assessment The District Assessment is calculated relative to the number of Presbyters and full time equivalent lay staff, less administrative staff, of all Circuits in the Bristol District. 11 Volunteer Contributions Every entity Iconnexion, District, Circuit, Church) within the Methodist Church in GB is heavily reliant on volunteers who contribute their skills, time, and money in the furtherance of the work of the Church. In the Circuit the principal contribution is by serving on committees of the Circuit that deal with mission, manses, finance, policy, training, and safeguarding. We are grateful to all of them for their help and commitment. No attempt has been made to value the non-monetary contributions to the Circuit in monetary terms. 12 Connerted Organisations and Related Parties None of the Circuit trustees made donations direct to the Circuit during the year or the preceding year. All the Circuit trustees are members of a Church within the Circuit and may be trustees of their Churches. Connected organisations include the Methodist Connexion, the Bristol District and Churches within the Circuit, other Methodist Districts in Great Britain, CFB and TMCP. All these entities have their own trustees or directors and autonomous administration such that the Circuit has no significant influence over any of them, nor they over the Circuit. They are therefore, not considered related parties. BSI Manses & Other Property Buildings comprise of 4 manses located in Clevedon, Nailsea, Portishead and Yatton. Property Cost or valuation Balance brought forward on I" Sep 2022 at 2015 valuation including additions at cost Bulonce carriedforwurd 1.987,856 1,987,856 BS2 Debtors and Prepayments 2023 2022 Prepayments Stipends, Pension & Nl Insurance 13,526 2,274 96 12,589 2,159 Other Totols 15,896 14,748 Page IS
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31 August 2023 BS3 Central Flnance Board {CFBI and Bank Balances Balances held at the Central Finance Board of the Methodist Church and at National Westminster Bank plc are available on demand without loss of interest. 2023 2022 Central Finance Board 89,806 62,728 National Bank plc Totols Westminster 2,904 5,695 92,710 62,943 BS4 Creditors, Accruals, and Income in Advance All sums accrued at 31" August 2023 are expected to be paid during the year to 31 August 2024. 2023 2022 Income in advance Assessments in advance 17,775 17,440 Creditors and Accruals Accounts Examination 2,650 203 2,500 302 Accounts payable Totols 20.628 20.242 Funds handled on behalf of others. None of the figures tabulated below appear elsewhere in these accounts. Related Party Party Balance at 3118122 Receipts Balance at 311812023 Payments World Mission Fund Connexion 1,031 1.031 Mission in Britain Connexion 557 557 Totals 1,588 1,588 Page 16
Independent Examiner's Report to the Trustees of Gordano Valley Methodist Circuit
Independent examiner's report to the Trustees of Gordano Valley Methodist Circuit
I report to the charity trustees on my examination of the accounts of Gordano Valley Methodist Circuit (the Circuit) for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity trustees of the Circuit you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
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 applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Circuit as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content 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 of an independent examination.
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.
Andrew J Jordan FCA Haines Watts Chartered Accountants Bath House 6 - 8 Bath Street Bristol BS1 6HL
Date: ...20[th] December 2023..........................................
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