OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-08-31-accounts

Thames Valley Methodist Circuit Trustees Report y.e 31 August 2022

TRUSTEES’ ANNUAL REPORT

for the year ended

31st AUGUST 2022

Thames Valley Methodist Circuit Trustees Report y.e 31 August 2022

Introduction

Thames Valley Circuit in 2021-2022, in spite of Covid, has: Increased it’s understanding of how to use Zoom Run two Circuit-wide Lent Bible Studies

Had a Circuit Service led by MudSlide Morris and his band using the music of Johnny Cash Raised funds for Colnbrook and Poyle, Burnham and High Street

High Street has refurbished some of its rooms, C&P has had a new kitchen, bathroom and garden, Windsor has refurbished the office

St Andrew’s and Cookham Rise have got Bronze eco church and are now going for silver.

We have started Breakfast Church at High Street, a monthly evening service at Burnham, an afternoon children’s service at Cookham Rise, an afternoon dementia service at Windsor and an evening Gospel Hour at St Andrew’s

There has been a talent show at High Street, a barn dance at Windsor, and a Caribbean evening at Ledgers Road.

Parade services have been held at Windsor, High Street and Cookham Rise We were prepared to respond rapidly and publicly to the Queen’s death We called two presbyters, a deacon and a lay worker

We closed two churches and transferred managing trusteeship of a cottage

We bought a manse

And in the difficult time in which we found ourselves, we worshiped God, we had weddings, funerals and baptisms, celebrated Christmas, Harvest and Easter, led Bible Studies and prayer meetings. We started a new choir at Windsor and re-started TVV and the High Street choir and they have sung together at the farewell service, the welcome service and also last Easter for a fantastic presentation of Stainer’s Crucifixion.

We have set up a weekly, drama based youth club at Windsor and two Circuit-wide teen projects: Life, the Universe and Pizza which is a Bible Study over food for young people project and Dance Connexion, a Praise Dance project, both happening fortnightly at Windsor and involving young people from across the circuit. We also took those children out for an end of term escape room experience and we ran a highly successful summer school for 32 children.

High Street has been exploring its future, which included a major survey which was collated and analysed, and various meetings have happened to explore the results.

Colnbrook and Poyle is exploring its future as a community hub and relationships have been built there. The Methodists are on the ecumenical map in Windsor, where the minister is on the Core Group, with one of the members organising the massively complex Carols at the Castle and at Burnham where the minister is Chair of CTB and of the board of trustees of the Well, the ecumenical group that runs out of Burnham Methodist Church and provides fellowship and support and in the mornings, breakfast for school children waiting for buses. Meanwhile, the new minister in Slough has already become a member of the Board of Trustees of Slough Refugee Centre, an organisation that was started by the Methodist Minister Reverend Newton and both minister and deacon are rapidly building relationships. Methodists in Burnham are also part of the Open the Book Team which has returned to Lent Rise School where the minister is also school governor with responsibility for well-being and personal development.

Meanwhile we are all over the District map with our part time minister being a keynote speaker at Synod, our Superintendent taking over as Candidates secretary, two members representing us at Conference and two others on on the District Candidates Committee.

We have three safeguarding courses and met regularly to discuss safeguarding matters and the Local Preachers had a training away day on the use of testimony. Two potential new local preachers have been given a note to preach and started training and we have trained and authorised two worship leaders with a third being recommended the day after Circuit Meeting.

Rev Vicci Davidson Thames Valley Circuit Superintendent

Thames Valley Methodist Circuit Trustees Report y.e 31 August 2022

Objectives

The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of:

The Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church

Any charitable purpose for the time being of any society or institution or subsidiary or ancillary to the Methodist Church

Any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.

Circuit Vision and Mission

A Methodist fellowship of Christian communities in the Thames Valley, transformed by the Good News of Jesus and demonstrating God's love, peace and justice in all we do.

Worship of the Living God

Learn and Care

Serve

Evangelise

Brief financial review of the year

Both ministers and churches in the Circuit have been working out their new mission as Covid restrictions lessened whilst the Circuit was a minister short for the year. For the smallest churches this has meant Old Windsor and Eton Wick taking the decision to cease to meet. A feasibility study was commissioned and the two premises will be put on the market. The decision was taken to take advantage of a minister’s retirement to put the Windsor manse up for sale in the summer and look for a replacement property anywhere fairly central in the Circuit and a more modern property was acquired with the aid of a bridging loan in June. The minister renting the Maidenhead manse was stationed as a part-time minister to the Circuit starting September 2022 and a probationary Deacon appointed to the mission work of three of the churches.

After the agreement of the budget for the year to August 2022 the number of ministers decreased to three and rental income agreed for the temporary use of the manse. Although assessments were down due to the closure of two churches there was a surplus which was used to fund a lay worker and an additional

Thames Valley Methodist Circuit Trustees Report y.e 31 August 2022

contribution to the Ministers’ pension fund. During the year the bank account was changed to The Cooperative bank from HSBC. Circuit financial plans for the coming year have been prepared on the basis that there will be 3.5 ordained staff with anticipated cost of living stipend increases combined with an increase in the assessment paid to the Connexion and District. This was divided between the churches according to their incomes in 2020-21 with £25,000 from reserves to cover the deficit in income that year due to Covid .

Structure, Governance and Management

The Circuit is governed by the Deed of Union (1932) and the Methodist Church Act 1976 as amended March 2011. Overall control of the Circuit rests with the Methodist Conference. The Connexional Office implements decisions made by Conference and is also responsible for the stationing of ministers in individual Circuits. Connexional decisions are passed to the Chair of the District and the appropriate Officers of the District for regional implementation. The District passes the control down to Circuit level for local implementation by the Superintendent Ministers, ministerial staff and Circuit Stewards via the medium of the Circuit Meeting. The membership of the Circuit Meeting is laid down in the Constitutional Practices and Discipline of the Methodist Church.

The Circuit Leadership Team comprises four Circuit Stewards, a Senior Circuit Steward, the Circuit Treasurer, the Superintendent Minister and three Ministers. Circuit meetings are held four times a year and are attended by the Circuit Stewards, Church Ministers and representatives from the church congregations. Appointments of new Stewards are made as necessary, with suggestions of who would be most appropriate for the position being accepted from other stewards or ministers. If the person approached, is amenable to taking up office, their nomination is put forward and voted upon at a Circuit meeting. Meetings are chaired by the Superintendent Minister, with those attending becoming the Trustees of the Circuit. It is the Trustees who comprise the decision making body and who will vote on proposals put before the meeting.

Volunteers

The Thames Valley Methodist Circuit is grateful to the Stewards who freely volunteer their time to attend meetings and to carry out the administrative work required in order to run the Circuit successfully.

Legal and Administrative Information

Full Name of Charity: …Thames Valley Methodist Circuit

Registration Charity Number: 1133442 Date of registration 4 January 2010

Main communication address Circuit Office, 1a Spring Lane, Cippenham, Slough SL1 5BQ Telephone Number 01753 536357 Email: tvmc6off@btconnect.com

Website: http://www.methodistthamesvalley.org.uk/

Paid part time Administrator: Pauline Poole

Susan Le Page acted as the principal officer overseeing the day to day financial management and accounting for the circuit during the year.

Thames Valley Methodist Circuit Trustees Report y.e 31 August 2022

Independent examiner

Richard Bridgen

Bridgen Watkins& Wainwright, Suite 1A, 1[st] Floor, 18 Crendon Street, High Wycombe, HP13 6LS

Bankers

The Co-operative Bank p.l.c. P. O. Box 250, Skelmersdale WM8 6WT

Central Finance Board 9 Bonhill Street London EC2A 4PE

Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 1JQ

Thames Valley Methodist Circuit Trustees Report y.e 31 August 2022

Trustees

The members of the Thames Valley Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches.

Active Circuit Ministers

Rev Vicci Davidson, Superintendent Minister and chair of Circuit Meetings Rev Margaret Dudley to August 2022 Rev Anne Ellis to August 2022 Rev Cliff Shanganya from September 2022 Rev Dr Pete Phillips from September 2022 Deacon Margaret Chipandambira from September 2022

Circuit Lay Worker Ade Benson from 17 May 2022

Circuit Stewards Joyce Brown Elizabeth Tottingham Charles Buckman to March 2021 Keith Machin Anne Haggarty Phil Mount from May 2022 Susan Le Page, Circuit Treasurer

Other Circuit Meeting Members

Alexander, David to 31 August 2022 Le Page, Keith to 31 August 2022 Amankwah, Kwabena Mount, Alison Brown, Marilyn Mount, Philip Buckman, Charles Phipps, Diana Bulley, Frank Richardson, Evan Cheeseman, Brenda Richardson, Jackie Clack, Laura Rickman, Kathy Clack, Philip Ridley, David Clifford, Sue Rivett, Jane Connor, Naomi Short, Jane Crockett, Patie Statham, John Davidson, Elanor Sturgeon, Jenny Filmore, Christine Tottingham, Dave Filmore, Dr Edward Trout, Sue Foster, Judith White, Rev Dr Malcolm Haggarty, Ian White, Peter Harrison, Linda Wren, Chris Hogg, Daphne Wren, Janice James, Ruth Yannacoupolos, Jason Kendon, Felicity

Thames Valley Methodist Circuit Trustees Report y.e.31 August 2019

THAMES VALLEY METHODIST CIRCUIT

Charity Registration Number 1133442

FINANCIAL STATEMENTS

For the year ended 31st August 2022

Contents Page
Statement of Financial Activities y.e 31st August 2022 1
Statement of Financial Activities y.e 31st August 2021 2
Balance Sheet 3
Notes to the Accounts 4 - 9
Cash Flow Statement 10
Trustees Report
Declarations and Scrutiny

Thames Valley Methodist Circuit

Circuit No. 36/4

Statement of Financial Activities (SOFA) for the year ended 31 August 2022

Notes to the
accounts		 Notes to the
accounts		 General Fund
Circuit Model		 Trust
Manse Fund		 Building Reserve Fund Mission Development Fund Total
2021-22
£ £
£		 £ £ £
Income
Capital Receipts 2 0
Assessments on Churches 3 247,485 247,485
Rental Income 4 13,200 13,200
Interest received 537 385 922
Donations 0
Other 6 - 0
Total income 261,222 385 261,607
Expenditure
Loan repayment BS5 - 0
Costs re property sales 7 9,237 9,237
Costs re manse purchase 8 10,904 10,904
Grants and donations 9 0
Salaries and associated costs 10 126,869
15,000		 141,869
Property expenses 11 34,863 34,863
Connexional assessment 12 51,197 51,197
District assessment & levy 13 12,623 4,950 17,573
Office & administration expenses 14 13,086 425 13,511
Training & Resources for Mission 15 1,562 1,562
Bridging Loan Interest BS4 5,382 5,382
Total charitable expenditure 265,722
20,374		 0 286,097
Net income/expenditure before property gains -4,501
-19,990		 0 0 -24,490
Gains/losses on revaluing manses BS1 0
Net income/expenditure -4,501
-19,990		 0 0 0 -24,490
Transfers between funds BS6 132,007
-129,007
-3,000
Net movement in funds 127,506
-148,996
-3,000		 0 0 -24,490
Total funds brought forward 3,161,465
148,996
31,000
20,000
10,000		 3,371,461
Total funds carried forward £3,288,971 £0
£28,000
£20,000
**£10,000 **		 £3,346,971

Thames Valley Methodist Circuit

Circuit No. 36/4

Statement of Financial Activities (SOFA) for the year ended 31 August 2021

Notes to
the
accounts		 General Fund Circuit Model Trust
Manse Fund		 Building Reserve Fund Mission Development Fund Total
2020-21
£ £
£		 £ £ £
Income
Capital Receipts BS1 -470,000 490,000 20,000
Assessments on Churches 3 264,576 264,576
Rental Income 4 -
Interest received 197 201 398
Donations -
Other 6 399 399
Total Income -204,828 490,201 - - 285,373
Expenditure
Loan Repayment BS5 -301,602 301,602 0
Costs re manse sales 7 10,591 10,591
Costs re manse purchases 8 -
Grants and donations 9 -
Salaries and associated costs 10 157,907 157,907
Property expenses 11 43,199 43,199
Connexional assessment & model trust levy 12 52,603 52,603
District Assessment & Levy 13 11,045 11,045
Office expenses 14 8,514 8,514
Training & Resources for mission 15 1,473 1,473
Bridging Loan Interest 3,082 3,082
Total charitable expenditure -26,860 315,275 288,415
Net income/expenditure before property gains -177,968 174,926 - - - -3,042
Gains/losses on revaluing manses BS1
Net income/expenditure -177,968 174,926 - - - -3,042
Transfers between funds 13,930 -25,930
12,000		 -
Net movement in funds -164,038 148,996
12,000		 0 - -3,042
Total funds brought forward 3,325,503 0
19,000
20,000
10,000		 3,374,503
Total funds carried forward 3,161,465 148,996
31,000
20,000
10,000		 3,371,461

Thames Valley Methodist Circuit

Circuit No. 36/4

Balance Sheet as at 31 August 2022

----- Start of picture text -----
Totals Totals
2021/22 2020/21
£ £ £ £ £ £ £
Fixed Assets
Circuit Manses BS1 3,940,000 3,940,000 3,065,000
Total fixed assets 3,940,000 0 0 0 0 3,940,000 0 3,065,000
Current Assets
Debtors BS2 40,404 40,404 39,337
Loans to churches BS3 0 0 0
Investments with TMCP 0 148,996
Central Finance Board Deposits 134,162 134,162 138,626
Cash at Bank and in hand 29,168 29,168 47,376
Total current assets 203,735 0 0 0 203,735 374,334
Current liabilities
Creditors (due in under 1 year) BS4 66,764 66,764 67,874
Loan payable within 2022-23 BS5 730,000 730,000 0
Total current liabilities 796,764 0 0 0 0 796,764 67,874
Net current assets/liabilities -593,029 0 0 0 0 -593,029 306,461
Total assets less current liabilities 3,346,971 0 0 0 0 3,346,971 3,371,461
Long term liabilities
(due after more than one year)
Bridging Loan Chapel Aid BS5 0 0
Net assets 3,346,971 0 0 0 0 3,346,971 3,371,461
Funds of the Circuit
General Fund (Unrestricted) 3,288,971 3,288,971 3,161,465
Circuit Model Trust Fund (Unrestricted) 0 0 148,996
Manse Fund 28,000 28,000 31,000
Building Reserve Fund 20,000 20,000 20,000
Mission Development Fund 10,000 10,000 10,000
Total Unrestricted Funds 3,346,971 3,371,461
Total Funds 3,288,971 0 28,000 20,000 10,000 3,346,971 3,371,461
Notes to the Accounts General Fund Circuit Model Trust Manse Fund Building Reserve Fund Mission Development Fund
----- End of picture text -----

Signed

Circuit Treasurer

Mrs S P Le Page

16-Nov-22

Notes to the Accounts

1 Basis of Accounting and Accounting Policies

a Accounting Standard

The financial statements have been prepared under the Charities Act 2011 in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE102) 2015 applicable in the UK and in accordance with the ‘true and fair override’ provision contained therein.

b Public benefit entity

The Thames Valley 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 note(s) below.

c Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year. 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.

d 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. Where the content of this year’s accounts is different from that of the previous year, the comparative year’s numbers have been adjusted and restated to be in the same format and on the same basis.

e Going concern

Based on the monetary assets and human resources available at 31 August 2022, the trustees believe that the Circuit is a going concern.

f Consolidation

The Circuit oversees the work of ministers and lay workers in Churches within the Circuit but does not have control over those Churches, ministers or lay workers except in extreme circumstances, none of which were applicable. For this reason, the financial statements of the Churches within the Circuit are not consolidated into these financial statements.

g Income Recognition

Income is brought into account when it is more likely than not that the economic benefit will be forthcoming. The Circuit acts as agent in the collection from churches and payment over of their contributions to the Methodist Church Mission fund and specific gift collections. These transactions are not reflected in the SOFA but shown in the Notes to the Accounts as required by SORP(FRS102) module 19.12.

h Expenditure

This is recognised when a liability is incurred, or a constructive obligation arises, where the amount is reliably measureable and it is considered more likely than not that there will be an outflow of economic benefit.

i Grants Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment.

j VAT

Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.

k Tangible fixed assets

Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £1000.

The freehold property is shown in the accounts at 2019 market values, the insurance re-instatement value has been used for buildings subtracted to give the land value. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The property has been reviewed for impairment.

l Debtors and Creditors

Debtors are stated at the amounts owed to the Circuit or prepaid. This includes the September stipend cost which is paid to the Methodist Church in August. Creditors include both sundry expenses and accruals including the 1st quarter assessment due in August and loan interest accrued.

m 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.

n Funds Structure

The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds are held for a narrower purpose. There are no Endowment funds. Details of each material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash.

o Reserves Policy

General Fund

The Fund is to be maintained at a minimum of 3 months’ worth of annual expenses less transfer to other reserve funds and a maximum of 6 months’ worth of annual expenses. This is to manage risk and meet unplanned expenditure calls on the Circuit. For 2021/22 this is a minimum of 65,000 and a maximum of £130,000.

Manse Fund

This Fund is to be built up, by year 5, to £15,000 per owned Manse, in order that monies are available for works necessary at the change of Minister. The Fund, in addition, is to maintain a running buffer of £10,000 per annum

Building Reserve Fund

The Fund is maintained at £20,000 per annum. The Circuit Meeting to decide if a Loan should be granted. The Circuit Meeting delegates authority to the CLT to set the Loan Interest Rate.

Mission Development Fund

The Fund is maintained at £10,000 per annum. The Fund is to be used as a ‘primer’ source of money for larger mission schemes as well as a source for helping fund smaller local projects

The Circuit Meeting delegates authority to the CLT to receive and decide each application. Any decisions made are to be reported for information to the next Circuit Meeting.

**2 ** Capital Receipts 2021/22 2020/21
Sale of manse see note BS1 £490,000
**3 ** Assessments on Churches 2021/22 2020/21
£247,485 £264,576

The Circuit comprises 10 congregations meeting in 10 churches and each is assessed for a contribution to meet the overall net costs of th Circuit. The Circuit aims to cover all its net core costs from the Assessment and reserves over and above the reserves policy figure for the General Fund. An Assessment on Churches is annually determined by the Circuit according to affordability. Assessments on churches are quarterly in advance and are treated as pre-payments on a receivable basis. If any church has not paid its assessment by the due date the in question is also treated as a debtor.

**4 ** Rental Income 2021/22 2020/21
£13,200
**6 ** Other Income 2021/22 2020/21
Old Youth Fund transferred from Building society account £399
**7 ** Costs re property sales 2021/22 2020/21
Sale of manse Professional costs 1,395 9,822
Other costs whilst empty 769
Sale of churches Professional costs 5,014
Other costs whilst empty 2,828
For the year ended 31st August 2022 £9,237 £10,591
**8 ** Costs re manse purchases 2021/22 2020/21
Professional costs 6,320
Refurbishment 4,584 0
£10,904 £0
**9 ** Grants and donations 2021/22 2020/21
**10 ** Salaries and associated costs
Ministerial Staff Costs paid during the year were: FTE 2021/22 FTE 2020/21
Gross wages, salaries and benefits in kind 80,567 104,530
Employer’s National Insurance costs 7,732 9,897
Pension costs 20,840 28,036
Pension top up contribution 15,000
Apprentice Levy 417 572
Total ministerial staff costs with full time equivalent number 3 £124,556 4 £143,035
Other staff costs
Removal costs - ministers arriving Aug 4,527
Relocation grant - ministers arriving Aug 1,784
Lay worker 2021/22 3.5 mths 2021/22 four months only 0.15 2,659 0.25 7,427
Office administrator 0.375 7,542 0.375 7,446
Fees for other preachers 800
Total staff costs £141,869 £157,907

No employees received employee benefits of more than £60,000. There is no accrual for holiday pay as it is immaterial; the holiday year e on 31 August. All staff are paid at or above the Living Wage, as directed by the Methodist Conference.

10a Payment to Trustees

The Superintendent of the Circuit, the other Ministers and the remaining members of the CLT are considered as Key Management Person The Superintendent chairs meetings of the CLT and Circuit Meetings. The members of the Circuit Meeting are the trustees of the Circuit. T stipends, employer’s NIC and employer’s pension contributions and other expenses of the Ministers of the Circuit are paid by the Circuit. T manses are provided by the Circuit and the Circuit maintains the property. The value of the Council Tax and water charges paid by the Circ is not disclosed here as HMRC does not regard this as a benefit-in-kind in the hands of the minister. Each Minister is entitled to a 3 month sabbatical every 5 years and the expenses incurred by the Presbyter are met by the Connexion with the Circuit continuing to pay the stipen During the year there has been one sabbatical. The Circuit does not accrue for holiday pay cover as the remaining staff cover the holidays needed and without extra pay.

Three Ministers were employed during the year (2021 four). The remaining trustees neither received nor waived any emoluments during th year. (2021 nil)

year. (2021 nil)
2021/22 2020/21
Expenses reimbursed No. claimants Travel Other No. claimants Travel Other
Ministers 3 £5,500 £1,416 4 £2,305 £312
Other Trustees 4 £1,934 4 £1,532
Office Administrator 1 £498 1 £169

There was one payment of £350 made to a trustee for additional services, provided to the Circuit by agreement with the Circuit Meeting, excluding stipends. Other expense payments primarily relate to reimbursement for internet services, printing, hospitality and small manse property costs.

11 Property expenses
Council Tax
Water charges
Insurance
Maintenance
Manse Refurbishment
Installation of water softeners
Quinquennial inspection of manses
Total expenditure on manses
Costs whilst property empty
Quinquennial inspection of churches
Circuit office rent
12 Connexional assessment
Connexional assessment
13 District assessment & levy
District Assessment
Levy on Model Trust Balance		 2021/22
8,378
1,606
3,617
5,988
9,551
£29,140
50
4,712
960
£34,863
2021/22
£51,197
2021/22
12,623
4,950
£17,573		 2020/21
9,418
1,429
3,703
8,404
3,804
4820
797
£32,375
533
4,307
2,289
£39,504
2020/21
£52,603
2020/21
11,045
£11,045
**14 ** Office & administration costs 2021/22 2020/21
Telephone and Broadband 4,090 3,814
Travel Expenses 5,645 2,348
Printing, Postage & Stationery 851 945
Staff recruitment costs & DBS 288 23
Accountancy & Payroll costs 1,330 880
Hospitality 297 0
Bank Charges 40
Website & Plan software 546 504
TMCP admin charge 13,086
425		 8,514
£13,511 £8,514
**14a ** Fees for independent examination of the accounts 2021/22 2020/21
**15 ** Training & Resources for Mission
Conferences, retreats & training
Resources including internet conference service
Youth Work		 £980
2021/22
148
1,192
221		 £960
2020/21
0
1,473
0
£1,562 £1,473
**16 ** For information only money received and passed on
Received
£826
Collections for ministers leaving
£2,392
Net collection for All We Can from dance event
£150
Easter Offering for Methodist World Mission Fund. £2215 total
donated including by churches directly (£2721)		 2021/22
Paid
£826
£2,392
£150		 Received
£192
£1,770		 2020/21
Paid
£192
£1,770

BS1 Manse Properties

The values at September 2019 have been shown to ensure parity overall.

Clarence Road
Spring Lane
Poplars Grove
Sutton Avenue
Lent Green		 Aug-19
Aug-19 Market Value
Disposal Revaluation Revaluation
Gain/Loss
Building
Land
2019
Net
Building
Land
384,284
515,716
900,000
384,284
515,716
299,715
200,285
500,000
299,715
200,285
360,000
465,000
825,000
360,000
465,000
490,000
350,000
840,000
490,000
350,000
400,000
475,000
£1,533,999
£1,531,001
£3,065,000
£0
£1,933,999
£2,006,001
£0
**BS2 ** Debtors & Prepayments 2021/22 2020/21
Debtors
Church Assessments received late 26,468 27,633
Council Tax refund due on empty manse 647
Water charges refund due on empty manse 25
Other
Prepayments
Stipends, Pension, NI 11,057 9,023
Resources 386
Methodist Insurance 2,494 2,008
£40,404 £39,337
**BS3 ** Loans to churches 2021/22 2020/21
**BS4 ** Interest free loan to Ledgers Road Methodist Church repaid
Creditors, Accruals and Income in Advance
Assessments in advance
Staff Expenses
Lay Worker, Pension, NI
Other
Telephone & Broadband
Examination of accounts
Interest accrued on bridging loan		 2021/22
54,380
1,051
119
4,553
299
980
5,382		 2020/21
63,523
531
76
2,600
183
960
£66,764 £67,874
**BS5 ** Bridging Loan
July 2019 Bridging Loan from Methodist Chapel Aid Limited
Repayment on sale of manse December 2020
June 2022 Bridging Loan from Methodist Chapel Aid Limited		 0
0
730,000		 301,602
-301,602
£730,000 £0
**BS6 ** There were no other capital commitments or contingient liabilities at 31 August 2022.
Manse Fund
2020-21
2021-22
Poplars
3,000
3,000
Purchased Mar 2019
Sutton
3,000
3,000
Purchased July 2019
Clarence/Lent Green
3,000
3,000
Refurbishment due summer 2022
-15,000
Spring Lane
3,000
3,000
Refurbishment summer 2025		 2022-23
3,000
3,000
3,000
3,000		 2023-24
3,000
-15,000
3,000
-15,000
3,000
3,000		 2024-25
3,000
3,000
3,000
3,000
-15,000
Transfer from General Reserve
Adjustment from General Reserve
Bal. b/f including £10,000 buffer		 12,000
-3,000
19,000
31,000		 12,000
28,000		 -18,000
40,000		 -3,000
22,000
Bal.c/f £31,000
£28,000		 £40,000 £22,000 £19,000

Thames Valley Methodist Circuit

Circuit No

36/4

Cash flow statement for the year ended 31 August 2022

----- Start of picture text -----
2,022 2021
Statement of cash flows £ £
Cash from operating activities
Net cash used in operating activities -20,799 -9,566
Cash flows from investing activities
Dividends,interest and rents from investments 14,122 398
Proceeds from the sale of property,plant and equipment 479,409
Purchase of property,plant and equipment -875,000
Other 3,500
Net cash provided by investing activities -860,878 483,307
Cash flows from financing activities
New borrowing 730,000
Repayments of borrowing -304,684
Net cash used in financing activities 730,000 -304,684
Change in cash and cash equivalents in the reporting period -171,667 169,057
Cash and cash equivalents at the beginning of the reporting period 334,998 165,941
Cash and cash equivalents at the end of the reporting period £163,330 £334,998
2022 2021
Reconciliation of net income to net cash flow from operating activities £ £
Net income for the reporting period (as per statement of financial activities) -4,501 -3,042
Adjustments for:
Profit on the sale of fixed assets -9,827
Dividends, interest and rents from investments -14,122 -398
(increase)/decrease in debtors -1,067 12,743
increase/(decrease) in creditors -1,110 -9,041
Net cash used in operating activities -20,799 -9,566
2022 2021
Analysis of cash and cash equivalent £ £
Cash in hand 29,168 47,376
Short term deposit (less than 3 months) 134,162 287,622
Total cash and cash equivalents £163,331 £334,998
----- End of picture text -----

Name of Cifcuit Tttames Valley Methodist No 3614 Declarations and Scrutiny I confiryn that these accruals-bas8d a¢￿Unts for the year to 31 August 2022 have been prepared from the records of the Circuit and that they indude all funds under the control of the Circuit meeting. Signature of treasurer Date 13 November 2022 Name and address of treasurer Mrs Su8an P Le Page SO Hyh Road, Co)kham Rise, Maidenhoad Post Code SL6 9HR Pre8entatlon to th• Clrcult moetlng I conlinn that the annual report and accounts for the year ended 31 August 2022 were presented to the Circurt meets'ng held on.. 16 November 2022 Signature of the Chair of the me•ting'. Name ol the Chair of thé meeting.. ..Rev Vicct Davidson...... ..... Independent ExamSnerfs Report to the Trustoes of the Thames Valley Methodlst Clrcult Chartty Numb•r 3614 R￿pOnsIbIlItI￿ and b••l* of report I report to the trustees on my èxamination of the attounts of the Thamès Valley Methodist Circuit for the year ended 31 August 2022 sèt out on pages 1 to 11. As the Circuit's trustees, you are responsible for the preparation of the accounts in accordance wtth the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Circu￿5 accounts carried out under se¢ts'on 145 of the Act and, in carying out my examination. I hove followed all the applicable Directions given by the Charity Commission under section 145{5)(b) of the Act.

Name of Cir￿lt Thames Valley Methodist No 3614 Inde￿nd•nt Examinerfs Stat•m¢nt Tha Cir¢uiVs gross income exce8ded £250.000 and l am qualffjed to undertake the examination by being a qualffied member of (insert n8me 018ppIKable listed body)l. Delete I l rfnot 8ppIic8bl8. I have completed my examination. I confimi Ihat no matsrfal matters have corne to my attentron in connection with the examination (other than that disdosed belcNf) wthich gtve me cause to beI￿ve that tii, any material respect the aLxountlng records ￿re not kept in accordafftee sedion 130 of the Act,. or the accounts do not actord with the accounting rewrd8.' or the accounts do not ￿)mplY with the applicable requirements conceming the fomi and content of accounts set out in the Charities (Ar￿Unts and Reports) ReguiatK>ns 2008 othèr than any requirement that the accounts gr48 8 Irue and fai￿ view, vthich Is not a matt8r oJnsKlered as part ol On ind8pondant examinalion Del8le rfnot oppl￿blo i.e. gm R&P accounts the trustees, annual report 18 fK)t consistent ￿ryth the accounts Delete rfnot 8ppIic8ble l.e. 811 R&P 8wounts. I have no concem8 and have ￿me acro88 no othef mattern in connocaion with the examlnation to vthlch attent￿n should be In th18 report In order to enable a proper understanding of the accounts to be reached, I havelhave not. Obtsined independent verifi¢8tion of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and furKls at the Centr81 Finance Board of the Methodist Church wthich are indNKlually in exce88 of £10,000 (ten thousand pounds) at the balance 8h•et datè. s￿nalure of Independent examiner Name of IndeporKlent examiner. .... . Relevant profe881onal qualffication of independent examiner. .........f.¢. 4 Name of firm (where appropriate): ....... Address.. P08t Code: .vAJ.. Ip LS Date:...... . delete or circle as appropriate