REGISTERED CHARITY NUMBER: 1133077 Report of the Trustees and Financial Statements for the Year Ended 31 August 2025 for GORDANO VALLEY METHODIST CIRCUIT
GORDANO VALLEY METHODIST CIRCUIT TRUSTEES ANNUAL REPORTYEAR ENDED 31" August 2025 The Trustees present their report and financial statements of the charity for the year ended 31, August 2025. Objectives and activities In setting the objectives and planning our activities, the Circuit Meeting (under the leadership of the Circuit Leadership Team ICLTII, meets twice in each year, has given careful consideration to the Charity Commissioners, general guidance on public benefit and, in particular, to its supplementary public benefit guidance on advancing our objectives and conforms to the Charity Act 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 311 ages and abilities. People By recognizing that everyone is valuable and h35 something to offer and by encouraging everyone's gifts. By placing a priority on the work with children and young people, while recognizing the need5 of all generations. By working in local communities to build bridges with those outside Church lives. By resourcing ministers and lay staff to work in mission 31ongside Circuit Stewards and the congregation of the Circuit's churches. By working ecumenically and with other circuits where appropriate. By identifying and resourcing training needs within the Circuit. Property By prioritising 'good practice, in all things including the safeguarding of children and 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 METHODIST CIRCUIT TRUSTEES ANNUAL REPORTYEAR ENDED 31" August 2025 Achievements and performance The pursuit of growth continues to be the key mission priority, and the Circuit is seeking to put together 3 new leadership team which focuses on this. A document with the details of this proposal was agreed at the Circuit Meeting in the Spring. In September 2024 we were delighted to welcome Revd Sally Ratcliffe into the circuit. Sally brings a wealth of experience with a particular passion for church growth. With Sally's arrival, the structure of the churche5 wa5 reconfigured thu5.. Nailsea + Backwell + Yatton loverseen by Revd Sally Ratcliffel Portishead High St + Redcliffe Bay + Pill loverseen by Revd Nick Moxonl Christchurch LEP + Kenn Rd + superintendency (overseen by Revd Russell Herbert) The Circuit is now training two local preachers. The Circuit rejoices that at the Methodist Conference in july 2025, one of our previous local preachers and lay workers, Kirsty McGee, was ordained. Volunteer5 Almost all the work undertaken by the churches is that of volunteers, from preaching and leading worship to youth and children's work, pastoral visiting, stewardship of finance and buildings, 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 year5 With the reduction from four to three ministers, and the reconfiguration of the circuit, the intention is to appoint lay workers in the Nai15ea / Backwell l Yatton section and the Portishead / Redcliffe Say / Pjll section to work alongside the ministers, funded partly by the renting of the spare manse at Yatton. It was decided that a period of discernment would be needed as Nick Moxon and Sally Ratcliffe familiarized themselves with their new sections. It is hoped that as the needs of each church and section becomes clearer, moves will be made to make appropriate lay appointments. Financial review During the year, the Circuit received total income of £286,36612023-24 £308,521) and dispersed £244,609 12023-24 £325,709). The Trustees believe that the Circuit is a going concern. Churches meet their assessments, and the Circuit has reserves to cover 3 shortfall in anticipated income. 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 8CtS as custodian trustee for all real estate held by circuits, for all large lover £20KI bequests and for the proceeds of sale of any property formerly owned by the Circuit. Short term deposits are held in a deposit account at the Central Finance Board ICFBI at rates of interest that reflect the financial market. Page 2
GORDANO VALLEY METHODIST CIRCUIT TRUSTEES ANNUAL REPORTYEAR ENDED 31" August 2025 Reserve5 The Circuit has agreed to maintain a minimum reserve Imea5ured as total funds less fixed a55etsl 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 maintenance, 3 £1,000 allowance for mission initiatives and an allowance for future stationing costs. 2025 2024 Policy Minimum Reserves £61,780 £54,780 Actual Reserves £112,547 £70,790 Collaboratlve arrangements wlth ¢onne¢ted charitles The Circuit'5 main source of income is the assessments obtained from each church within the Circuit based on unrestricted 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 Connexion and the District's own costs. 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 Privacy 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 Charity Commissioners on 2. December 2009. Page 3
GORDANO VALLEY METHODIST CIRCUIT TRUSTEES ANNUAL REPORTYEAR ENDED 31" August 2025 Structure Circuits are the coordinating charities for local groups 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 h31f yearly synods. The Methodist Conference meets once each year as the supreme denominational body for all Methodist churche5. l. Overall regulatory authority rests with the Methodist Conference. 2. The Connexional Office implements decisions msde by Conference and is responsible for the stationing of presbyter5 and deacons Icollectively known as mini5ter51 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 councils 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. 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 doctrinal standards and the discipline of the Methodist Church,. b. Any charitable purposes for the time being of any Connexional, District, Circuit, local or other organi5ation of the Methodist Church,. 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,. and By offering to churches resources of finance, personnel and expertise. The Circuit serves the local churches, the Distritt 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 affect the Circuit. Page 4
GORDANO VALLEY METHODIST CIRCUIT TRUSTEES ANNUAL REPORTYEAR ENDED 31" August 2025 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 respertive 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 minister5 of the Circuit, the Circuit Stewards and Circuit Treasurer who are appointed by vote 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 become5 vacant on the CLT nominations are invited from the ministers and lay members of the churches thev represent. The Superintendent Minister then shares with them what the role involves. If they wish to be considered for the role, their names are taken to the Circuit Meeting for approval. The CLT normally meets every two months and deals with routine and exceptional matters. It oversees finance, property, Stationing, safeguarding and training. This year the Circuit Meeting approved a briefing document for the CLT to ensure that the Circuit key vision for growth is kept in focus. Details about this are Set out below. Responslbllltles of the Clrcult Leadershlp Team Historically, key responsibilities of the CLT are.. l. To formulate and promote policies which will advance the mission of the Church in local churches and 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 act 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. as 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. While these key responsibilities remain, the Spring Circuit Meeting agreed that the role of the CLT should be refocused on the development of growth strategy across the Circuit, reflecting the priority set out in the circuit mission statement. In practice, this means that the main function of the CLT will be to discern and map out ways in which the Churches might be encouraged, enabled, equipped and resourced to engage more effectively in evangelism, outreach and renewal in order to grow. The ongoing importance of the Connexional 'Our Calling, vision continues to be upheld, with its four-fold emphasis on worship, learning and caring, service and evangelism. It is envisaged that the CLT will operate as a creative think-tank for imagining and implementing fresh ways of engaging these things across our churches with growth as the core priority. Page 5
GORDANO VALLEY METHODIST CIRCUIT TRUSTEES ANNUAL REPORTYEAR ENDED 31" August 2025 Reference and administrative details Name of the charlty The Gordano Valley Methodist Circuit, sometimes abbreviated to GVMC. Charlty reglstratlon number 1133077, registered in England and Wales on 2nd December 2009. Prlnclpal Office The Office, Christchurch, Chapel Hill, Clevedon BS217LL. Tel. 01275 871483 www. ordanovalle methodists.info 6.4 Superlntendent Mlnisterfs PA Mrs Kathryn McManus-Jones Bankers Natwest Bank PLC 89 High Street Weston-super-mare North Somerset BS23 IHJ Central Finance Board of the Methodist Church 25 Tavistock Place London WCIH 9SF Investment managers and custodian trustees Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester Ml IIQ Independent Examiner Matthew Bracher BSC FCA Gravita, Chartered Accountants, Bath House, 6-8 Bath Street, Bristol BSI 6HL Approval The trustees, report has been approved by the trustees on 25, March 2026 and signed on behalf of the trustees by: Rev Nicholas Noxon Superintendent Minister David Markall Circuit Treasurer Page 6
GORDANO VALLEY METHODIST CIRCUIT TRUSTEES ANNUAL REPORTYEAR ENDED 31" August 2025 Names of Trustees TrLJStees who served during 2024-25 or were trustees at the time of this report being approved.. Backwell Miss V Sowerby Christchurch LE.P. Mr5 M Sutherland Mrs J Mcmanus Mr5 CGale Rev C J Legge Deborah Tovey Kenn Road Mrsj Bailev MrCG Mills Mrs J Merrett Mrs W Miriams Nailsea MrN Hardman MrPTodd Mr5 M Emery Rev D Sharp CH Mr5 H Bentley CH cs CH CMS Sup CH MrAPett Mr N Adams Mr J Richards Carolyn Waite CH CH Add CH To 2419124 From 719/25 From 419125 From 4/9125 CH CH CH CH Mrs Ball Rev P Andersen Mrss Bell Mrs J Balcombe CH Sup CH LP To 3118/25 From 2613/25 From 14/10/25 To 2613125 From 1019125 cs CH Mr R Lancaster MrA Emery Mro Markall Rev M PLJll3n CH CH LP Sup To 2413125 Sup Mrs L Powell Porti5head Rev B HLJnt Rev P Mortlock MrA Hemus Redcliffe Bay MrD Uncles Rev D Harris MrP G A Baldwin Yatton Mr T R Calderbank Mr M Buckley Rev P Challis Revcchallis Mrs B Hook Ministers Rev R Herbert Rev N Moxon CH Mrs E Marsh CH Sup Sup CH Mrs B Thompson Christine Nutting CH CH CH Sup cs Mrs S Mason MrA Reddrop CH cs To 2613125 From 9110125 CH Add Sup Sup Add Rev l Bowley Mrs J Mason Mr K Woodham Mr M Fisher Mr M Buckley Sup Add cs CH cs To 713125 From 2019124 To 3118125 From 27111125 To 31112125 Rev S Ratcliffe Add cs LP Additional Member Circuit Steward Local Preachers Rep. CH Church Steward/Rep. Circuit Treasurer CMS Sup Circuit Meeting Secretary Supernumerary Minister Page 7
Gordano Valley Circuit Statement of Financial Activities (SOFA) for the year ended 31st August 2025 Unrestricted Funds 2024-25 2023-24 Notes Income from: Charitable Activities - Assessment on Churches Income from Charitable Activities lettings Investments Other Income Total Income and Endowments 258,960 13,334 3,849 10,223 286,366 269,700 4,803 34,018 308,521 Expenditure on Charitable Activities- Management of the Circuit Grants and Donations Salaries and Associated Costs Property Office Expenses District Assessment Other Outgoings Total Charitable Expenditure 450 148,449 34,927 4,346 52,140 4,297 244,609 800 199,313 62,546 5,735 49,056 8,259 325,709 io Net Incominglloutgoing) Resources before Transfers 41,757 (17,188) Other gainsllosses Net movement of funds 41,757 (17,188} Total Funds Brought Forward 2,058,646 2,075,834 Total Funds Carried Forward 2,100,403 2,058,646 Page 8
Gordano Valley Circuit Balance Sheet as at 31st August 2025 Unrestricted Funds 2025 2024 Note Fixed Assets Circuit Manses BSI 1,987,856 1,987,856 Total Fixed Asset5 1,987,856 1,987,856 Current Assets Debtors and Prepayments Central Finance Board Deposits Cash at Bankand in Hand B52 BS3 BS3 11,877 119,778 5,747 137,402 10,782 68,293 15,319 94,394 Total Current Assets Creditors Idue in under l year) B54 24,855 23.604 Net Current Assets/Liabilities 112,547 70.790 Total A55ets le55 Current Liabilitie5 2,100,403 2,058,646 Net Assets 2,100,403 2,058,646 Funds of the Circuit General Fund Restricted Funds 2,100,403 2,058,646 Total Funds 2,100,403 2,058,646 The f inancial statements have been approved by the Circuit trustees and signed on behalf of the trustees by: Rev Nicholas Moxon David Markall Page 9
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31st August 2025 l Basis of accounting and accounting policies The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 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 information 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. Iv. 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 respett 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 when there is entitlement, and the amount is reliably 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 transactlOn5 are not reflected in the SOFA because they are the income of either the Connexion or churches as appropriate. Instead, the transactions are disclosed in the Notes to the Accounts. PaEe 10
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31st August 2025 Donated Goods In accordance with the Charities SORP IFRS1021, 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. Ix. VAT The Circuit is not VAT registered. VAT is charged with the expenses to which it refers. Tangible fixed assets These are capitalised if they can be used for more than one year and individually cost at least £1,000. b. The Freehold property14 mansesl was valued at a deemed cost of £1,945,000 as 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. xi. 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. 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 liquid 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 11
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31st August 2025 xiv. Methodist Connexional funds The Methodist Church Connexion raises assessments against 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. Ministers, manse cost5 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 items for ministers. 2 Assessment on churches The Circuit comprise5 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. 3 Grants received No grants were received by the Circuit during this period. 4 Other income comprises the following: 2024125 2023124 Contribution from churches towards lay workers 9,912 33,754 Contribution from Ministers for private use of telephone and broadband 311 264 Letting of Manse Total Other income 13,334 23,557 34,018 S Grants and donatlons Grants were made in the year totalling £45012024 £8001. 6 Model Trust The Circuit does not have a model trust fund balance. Page 12
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31st August 2025 7 Stipends and salaries and associated costs Staff Costs paid durlng the year were: 2024125 2023124 Gross wages, salaries, and benefits in kind Employer's National Insurance costs Pension costs Other employment costs Total Staff Costs 112,585 10,863 18,612 6,389 148.449 149,327 12,852 30,112 7,022 199,313 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 £60,000. No accrual is made for holiday pay as it is immaterial. The holiday year ends on 31 August. Staff are paid at or above the living wage. 2024125 2023124 Total number of staff Full time equivalent 5.62 Three12024 four) trustees were presbyters of the Circuit in receipt of a salary, costs of £125,886 12024 £149,4031, travel costs of £3,077 12024 £3,3161, telephone and broadband costs of £2,512 12024 £2,8981 and training of £8012024 £331. 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 Iwhich term includes presbyter5 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.. 2024125 2023124 Number of Trustees Total amount £0 £0 PaEe 13
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31st August 2025 9 Fee for examination of the account5 2024125 2023124 Independent Examiner for reporting on the accounts Other fees paid to the independent examiner.. Accounting Software 3,330 3,854 173 173 10 District 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 Contrlbutions 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 contribLJtions to the Circuit in monetary terms. 12 Connected Organisations and Related Partles 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. There were no related party transactions for the year ended 31" August 2025. BSI Manses & Other Property Buildings comprise four manses located in Clevedon, Nailsea, Portishead and Yatton. Property Cost or valuation Balance brought forward on I" Sep 2024 at 2015 valuation including additions at cost Balonce corriedforword 1,987,856 1,987,856 PaEe 14
The Gordano Valley Methodist Circuit Notes to the accounts for year ending 31st August 2025 8S2 Debtors and Prepayments 2025 2024 Prepayment5 Stipends, Pension & Nl Insurance 10,912 434 10,357 385 Other 531 40 Totals 11,877 10,782 853 Central Finance Board ICFBI and Bank Balances 2025 2024 Centr31 Finance Board 119,778 5,747 125,525 68,293 15,319 83,612 Natwest Bank PLC Totals BS4 Credltors. Accruals, and Income In Advance 2025 2024 Income in advance Assessments in advance 17,221 16,850 Creditors and accruals Accounts Examination 3,360 4,274 24,855 3,300 3,454 23,604 Accounts payable Totals Funds handled on behalf of others. None of the figures tabulated below appear elsewhere in these accounts. Related Party Party Balance at 3118124 Receipts Payments Balance at 311812025 World Mission Fund Connexion 552 552 PaEe 15
Independent Examiner's Report to the Trustees of Gordano Vallev Methodist Circuit Independent examiner's report to the Trustees of Gordano Valley Methodist Cireuit I report to the charity trustees on my examination of the accounts of GoTdano Valley Methodist Circuit (the Circuit) for the year ended 31 August 2025. 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 ca]llg out my examination I have followed all applicable DiTection5 gJiven 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 confinn that I am qualified to undertake the examination because I am a registered Incmbcr of ICAEW whicli is onc ot-thc listcd bodics. I have completed my examination. I confirn] that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Circuit as required by Section 130 of the Act; OT the accounts do not accord with those records- OT the accounts do not comply with the applicable requireinents concerning the fonn 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. Matthew Bracher BSC FCA Gravita Chartcred Accountants Bath Hoii4e 6- 8 Bath Street Bristol BSI 6HL Dait.. 25, March 2026 Page 16