THE METHODIST CHURCH
WEST OXFORDSHIRE CIRCUIT
(Chartty Registration No. 1134159)
Circuit No. 23103 within the Northampton District
of The Methodist Church
TRUSTEES, REPORT AND ACCOUNTS
For the Year ended 31 August 2024
CONTENTS
Page
TR1-6
Trustees, Report
Auditor's Report
Statement of Financial Activities (SOFA)
Balance Sheet
AR1-3
FS1
FS2
Statement of Cashflows
FS3
Notes to the Financial Statements
FS4-15

THE METHODIST CHURCH, WEST OXFORDSHIRE CIRCUIT
TRUSTEES, ANNUAL REPORT ON FINANCE AND GOVERNANCE
FOR THE YEAR ENDED 31 AUGUST 2024
Basis of preparation and legal framework
The Charity's annual report and accounts for the year ended 31Augusl 2023 have been prepared in
accordance with the Charrties Act 2011 and the Charrties.. Statement of Recommended Practice
2015 as applicable to the Financial Reporting Standard IFRSI 102.
Full Name of Charity- The Methodist Church, West Oxtordshire Circuit, also known as Wesl
Oxfordshire Methodist Circuf(, Wesl Oxfordshire Methodists and Witney and Faringdon Methodist
Circuit.
Registration Charity Number- 1134159
Date of registration - 5 February 2010
Main communication address- The Superintendent. Wesley Manse. Church Street, CHIPPING
NORTON, Oxfordshire OX7 5NT
The member5 of the West Oxfordshire Methodist Circuit Meeting are the Charity Trustees,
membership being made up of circurt office holders. ministers and representstives appointed by Ihe
local churches. Full membership is shown as Appendix A to this report on page TR 6.
Circuit Ministers and officers ("_ also a trustètrl
Active Circuit Ministers:
Revd Andrew Biggs- Superintendent '
Revd Fred Ireland (To 31 Augusl 2024)
Revd Jason Cooke .
Revd lan Worrall '
Revd Sue Jacobs (From I September 2024) '
Revd Charles Harris- Part-time Associate Minister (To 31 August 2024)
Clrcult Stewards:
lan Cotton (sen￿ Sleward) '
Rosemary Britton iS8leguarthn91 '
Eddie Fowler (T￿asurer- se8 also below) '
Val Donoghue (From 12 June 2024) '
Martin Hannanl"
Clrcuit Meeting Secretary:
Caroline Todd (From 18 September 2024)
Circuit Treasurer:
Eddie Fowler, who acled as the principal offrer overseeing the day to day financial
management and accounting for the Circuit during the year.
Auditor:
Shaw Gibbs Ltd., Accountants & Business Advisers. 264 Banbury Road, Oxford OX2 7DY
Investment Bankers:
Central Finance Board of the Methodist Church- Trustees for Methodist Church Purposes
Bankers:
CAF Bank Ltd, 25 Kings Hill Avenue, Kings Hill. West Malling, Kent
HSBC Bank plc, 24 Market Square. Wrtney. Oxon.
TR1
The Methodist Church. West Oxfordshire Circuit-Trustees Reportforthe year ended 31 August 2024

Circuit Mission Statement
The Circuit Mission Statement is presendy as follovts". To en¢our4ge, enable and equlp lo¢al
congregations to livo out their discipleship of worship. service and mission in response to the gospel
of God's love in Christ.
Aims and Organisation
The Charty's obje¢live Is to act as a Resour¢e provider foT the Methodist Church wthin the a￿8 around South
and West Oxfordshire. The Circuit Mission Statement appears at the beginning ol this Report.
The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union..
The advancement of-
alThe Christian farth In accordance wth the docth.nal stsndards and discipline of The Methodist Church,.
blAny charitable purpose for the lirne being of any Connexional, DIstr￿t. Circuit, local or other
organisation of The Methodist Church".
cIAny charitable purpose lor the time being of any society or institutson subsidiary or ancillary to The
Melhodisl Church".
dlAny purpose for the lime being of any charity being a ¢hanty subsidiary or anallary lo The Melhodisl
Church
The organisalion and resourcing of regular public acts of vlorship open to members of the church and
non-members alike.
The teaching of Christianity through sermons, courses and small groups.
The resourcing of pastoral work including visiting the sick and bereaved.
Taking religious assemblies in local schools.
Promotion of Christianity through the staging of events and service5.
Provision of chaplaincy servi¢e$ lo the local educational an¢J other inststutions.
Public Benefit:
We confinm the trustees have had regard to the Charity C¢ynmission's guidance on public benefit.
Structure. Governance and Management
The governing documents for the circuit are the Deed of Union119321 and Methodist Church Act119761.
Detailed governance arrangements are outlined wrthin the Consts"tulional Practs"ce and Discipline of the
Melhodisl Church ICPOI by order ol the annual conference.
Day lo day management of the circuit is undertaken by the Circuit Leadership Team.
The Constitut'on ofthe Circuit Meeting is found in SO 510 in the Stsnding Orders se¢tion of CPD, and there
follows the parts ol that Standing Order that are re￿vant lo this Circuit.
The Circuit Meeting shall consist ol".
the ex-officio members specthed in SO 552 {These aTr as follows" the Superinlendenl. 811 ministers
and pmbalioners appoinled lo lh& cl￿￿11, allpgrsons aulhorised lo selve the Chur¢h as prgsbyters and
deacons and appointed lo fulfil presbjrferal or d￿onal dU[￿S in the Circuit and Ihe circuit st8wards
sh811, ex Off￿￿, be memb&rs of and enlrtled lo attend all0ff￿¢al meetings connecl&d with the Circuit,
excepl that circurt slew8rrts shall nol lje Membe￿ of (he Local Preachers, Meeting unless they are
local pTrachers.).'
such other persons, il any, as the Circurt Meebng judges it appropriate to appoint from among those
employed by the meeting under SO 570 (all about employing Lay Employees)..
the secretary of the meeting.,
the secretary of the Local Preachers. Meeting."
from each Local Church one church steward and the church treasurer.,
representatives elected by the Church Council of each Local Church from its own members in
numbers specified by the Circuit Meeting,.
additional person5 as the Circuit Meeting may desire and appoint lo ensure that all areas of the life ef
the Circuit are adequately rep￿Sented. provideil that the lolal number appointed under this head shall
not exceed the total of the numbers specffied by the Circuit Meeting for the purposes of head Iviiil.
In accordance with Sianding Orders Ilviiil above). the Circuit Meeting had agreed that there would be ttvo
Local Church representative5 from each church.
Achievements and Perfomiance in the year
Personnel..
Revd Fred Iroland retired at the end of August 2024: after a ministry in this Circurt of 9 years. As he'sits
down" (Methodist terminology), we thank him and his wife Sue for their ministry among us, and we wish them
both a long, happy and fulfilling retirement.
Rgvd Jason Cook• was originalty due to leave the Circuit after S years at the end of 2023124, but dLJring this
year, he offered a further year to the Circurt, vthich was accepted wth gratitude. Since the end of 2023124,
one further year has been offered by Jason and accepted by the CircuTt, which means that he wll be leaving
the Circuit In Augu512026.
Revd Sue Ja¢obs. During the year, the Circurt was grateful lo hear that a new Pr¢)bab"oner Minister would be
TR2
Iv)
The Methodist Church. West Oxfordshire Circuit-Trustees Reportforthe year ended 31 August 2024

Stationed here. Revd Sue Jacobs joins the Circuié from September 2024 for a 5 year terni. We look forward
lo welcoming her and her family, and to working her in mini5ty. We hope that Sue will have an enjoyable
and fulfilling slay wth us.
Churches..
Carterton.. Carterton Methodist Church. known as The Sanctuary in Carterton has seen work Carried out on
the grassed area, a¢ioss the ¢arpark from the ¢hur¢h buildings. A log ¢abin IPrayei Hull has been buiit and
equipped. to support new outdoor ways for worship and prayer. Aso. there is now the provision of
Community Garden, where fNit and vegetables are being grown both in the open and in the poly-tunnel which
was installed during the year. Inf(ial groundwork had been carried out in 2022123 at a cost of £11.8k, with
funding from both the local ¢hur¢h and the Northampton Disth"cl. In 2023124. the outdoor work in the garden
and on the Prayer Hul has been completeil with a grant from the Circuit of £25.3k and a further £1.8k from the
District. Both garden and Prayer Hut are in regular use.
Burford.. This year ha5 seen the marketsng and Sale of Burford Methodist Church- a large building half-way
down 8urford High Street. Originally a Georgian Man5￿￿. il vrd5 converted in the 19th and 20th centurie5 in lo
what became a much loved Melhodisl church. As th many ¢hur¢hes. the congregation diminished and it
eventLJally had lo close ff)r worship. The sale ￿SuIte<l in fvnds of £753.2k being ¢￿dIted to the Circuit Model
Trust Fund IMTFI and a levy of £277.3k being transferred to the Connexional Priority Fund ICPFI, as required
by Methodi51 Standing Orders.
Sutton.. Sutton Methodist Church had a strelch of lan¢J behind the church buildings, vthich had been
allotments. However, they brought in minimal income. with the tsdying of the surrounding hedges ¢osling par
more. It was therefore agreed that part of the land be sold. with a smaller part immediately behind the church
being retained a5 a church car park. The sale brought In a sum of £69.6k, with a transfer to the CPF of £9.9k.
These transactions also look place through the Circuit MTF. from whi¢h a grant of £23.1k was made lo Sutton
Melhodisl Church for essential work on the church buildings.
Financial Performance.. Circuit expendilure of £465,391 includes £108.261 paid out of the Circuit Model
Trust Fund ICMTFI, of which £25,267 was in grants made lo Carterton Methodist Church a5 indicated above,
towards their pioneer project. £23.100 for refurbishment work lo Sutton Methodist Church lout of the sale
proceeds lor part of their land. held in the CMTFI and £57.381 as a levy transferred to the Northampton
Melhodisl Di$lri¢¢ Advance Fund IDAFI. vthich is lor mission and ministry work wrthin the Oi$tri¢l, and for
property grants related to such work. The lewy is calculated on the balance remaining in the CMTF at the
year-end. The figure for sts'pends and salaries remains the single highest area of expense at 39°/ts of total
costs, wi(h the District assessment lin¢luding funds for for the Connexional Methodist Church Fund) and the
DAF levy menty'oned above being 26% of total expenditure. Propety costs represented 18% of total
expenditure. Total grants and donations paid were 11 % of circuit costs.
Income trends.. Circuit ineome Continues lo be primanly drawn from the assessment paid by the ¢ircuil
churche5 which, this year lotalled £204,910, representing 25% of the total incoming resources. Income from
renting out two of the manses not presently in use for circurt staff helps boost overall income by £21,71713%
of lolal income). The reduction 01 £16.330 thi$ year is be￿uSe the fv40 propertie$ became empty due lo one
being lor sale and the other being required to house a new minister. Interesl received has increased
to£49,265 due to both the increasing rate of interest over the year and ihe balance held in the Circuit Model
Trust Fund. Other Income this year represents the net sale proceeds of Burford church and Surplus land held
by Sutton.
Expendlture trends.. Salaries expendrture shows a decrease of 2% this year. Whilst there was a general
increase of 7.83% set by the Methodist Conference for ministers. stipends, and also used in this Circuit for our
lay employees, the effect wa5 somewhat reduced by of our lay employees resigning part way through the
year, wilhoul being replaced.
Expenditure on properties increased substantialty, mainly due to urgent work being carried out on the tsvo
houses being let out.
Fund balances.. As al 31 August 2024 the net unrestricted cur￿nt assets of the Circurt were £1,390k, of
which £1,263k was held within the Circuit Model Trust Fund, for use In carrying out the longer term mission of
the Circuit. The balance of £127k. which is held in easily a￿sSIble accounts. gives approximately 4 month$
cover for expenditure.
Plans for 2024125.. Circuit financial plans for the coming year have been prepared on the b8S1S that there
11 conknnue to be four full time rninislers, wrth one being a Pioneer Minister based in Carterttsn. A new Circuit
Adminislralor working 18 hours a week started in the middle of July and, togelhei with the part-ts.me Town
Centre Chaplaincy Team Leader are our lay employees. The budget has been prepared on the basis of a
6% increase in the overall assessment.
Trustee Training:
A range of guidance Is produced by Melhodisl Connexion 10 5UPPOrt the effectNe running of the circuit, as well
as°The Essential Trustee. and "Safeguarding Guidance" Yh)i¢h are available on the Charity Commission
websrte for Circuit meeting members to read as induction to their role as trustees. Trustees have also been
provided with the document Financial Governance and good practice for Church and Circuf( Trustees"
produced by the Northampton Methodist District.
TR3
The Methodist Church. West Oxfordshire Circuit-Trustees Reportforthe year ended 31 August 2024

Related Parties-
The Circuit is part of the Northampton Methodist District and is also accountsble to the Methodist Conference.
The following Churches are linked to the arcuit.. Methodist Churches in Wthey (High St. wth Ne￿and and
Davenport Rd.1, 8ampton. Carterton, Charfbury, Chipping Norton wth Churchill, Faringdon United Church
IMelhodistlURC LEPI and Methodist Churche5 in Long Hanborough Sutton, Minster Lovell, Slonesfield
and Wesl¢ole.
Risk Management:
Principal Risks and Uncertainties
RISK-
MITIGATED BY:
Misappropriation of fvnds
Strict observance of Standing Order 012111 which states that..
"Melhodisl money shall not be held in private accounts bul in official bank
accounts ￿qUinnY the signatures of. or ele￿rOnIC authorisation by, two
persons for wrthdrawals"
The vast majority of Circuit funds are held as balances wth CAF 8ank,
HSBC, in the CFB Deposit Fund and the Trustees Interest Fund at TMCP.
In addition, there are Iwo funds with small investments made on our behalf by
TMCP. both in CFB Manage<1 Mixed Fund and one of them alw in CFB
Managed Fixed Interest Fund. These three investments a￿ all valued at well
nder £1,000 each, as are deposts wth Methodist Chapel ￿'d Ltd from
legacies.
The viabilrty of churches in the Circuit is monitored through the Standard
Forms of Accounts and regular review by the Circuit Leadership Team.
A planned programme of professional quinquennial inspections is carried out
at the request of and under the supervision of the Circuit Stewards
ensure that appropriate action is taken where necessary. This includes all
churches and manses in the Circvil, with the Circuit paying for the
inspections. ahhough individual chuiches are responsible lor paying for work
needed as a result of their inspections.
Investment Risks
Viability of Churches
Propety Risk
Safeguarding:
Every person has a value and dignity %•thich comes directly from the creation of humans in God's own image
and likeness. Christians see this polentsal as fu￿lIed by God's rxrealion of us in Christ.
Among other things this implies a duty to value all people as bearing the image of God and therefore lo
protect them ftom harm.
The Circuit is committed to the following principles..
the care and nurture of, and respecthjl pastoral ministry wih. all children, young people and adu￿$
safeguarding and protecting all children, young people and adults when they are vulnerable
establishing Safe. canng communities, whieh provKle a loving environment where there is informed
vigilance as lo the dangers of abuse.
We will carefully select and train all those wth any responsibilty wthin the Church. in line wth safer
recruitment principles, including the use of criminal records dis¢losures and registration with the relevant
vetting and barring schemes.
We will respond without delay lo every safeguarding ￿nCeM which suggests that a ehild. y¢ung person or
adult may have been harmed. working in partnership wrth the police and local authority in any invesb'galion.
We will seek to work with anyone who has suffered abuse, deVelo￿.n9 Wlth them an appropriate ministry of
informed pastoral care.
We will seek lo challenge any abuse of power, especialty by anyone in a positi.on of trust.
Working with the District Safeguarding Officer. we will support risk assessment ofthose who present a
safeguarding risk ¥Mthin a church environment. We wll ensure appropriate pastoral care is offered and
measures are tsken to address identffied risks including referral to statutory agencies, suspension and the use
of safeguarding contract5. We will recogni5e and apply the restrictions to appointment laid down in Standing
Order 010 of the Consbtulional Practice and Discipline of the Methodist Church.
In all these principles we will follow legislation. guidance and recognised good practice.
We will respond withoLrt delay to every safeguarding concem which suggests that a child, young person or
adult may have been harrned, working in partnership wrth the police and local authority in any invests'gation.
We will seek to work with anyone who has suffered abuse, developing wilh them an appropriate ministry of
infomied pastoral care.
We will seek to challenge any abuse of power. especially by anyone in a position of trust.
Working with the District Safeguarding Officer, we will support risk assessment ofthose who present
safeguarding risk within a church environment. We wll ensure appropriate pastoral care 15 offered and
measures are tsken lo address idenlthed risks inGluding referral to statutory agencies, suspension and the use
of safeguarding contracts. We will recognise and apply the restrictions to appointment laid down in Standing
Order 010 of the Consts'tuts'onal Practice and Discipline of the Methodist Church.
The Methodist Church. West Oxfordshire Circuit-Trustees Reportforthe year ended 31 August 2024

Safeguarding {cont'd)
In all these principles we will follow legislation. guidance and recognised good practice.
The West Oxfordshire Methodist Circuit commits itsew to..
1. RESPOND without delay to any al￿gation or cause for concem that a child or vulnerable adult may have
been harmed, whether in the Church or in another context. It commrts itself to challenge the abuse of power of
anyone in a posrtion of Irusl. It commits itself to providing infotmed pastoral care lo those in need, including
the supeNision of those who have commrtted criminal offences.
2. IMPLEMENT the Methodist Church Safeguarding Policy, Procedures and Guidance, govemment legislation
and guidance lo achieve safe practice in the circuit and in the churches.
3. The PROVISION of support. advice and training for lay and ordained people that wll ensure people are
clear and confident about their roles and responsibil￿"e$ in safeguarding and promoting the welfare of children
and adLJlts ¥fvho may be vulnerable.
4. AFFIRM and give thanks for the Work of those who are workers wth children and vulnerable adults and
acknowledge the shared responsibility of us all for safeguarding children. young people and vulnerable adults
on our premises.
Reserves Policy
The Reserves Policy for the unrestricted reserves held in the General Fund 1$ lo hold a minimum sum
equivalent to befvleen 3 and 6 months, average expenditure. This should be sufficient to meet any unforeseen
item of major expenditure on manses and l or to be able to continue. in the short term, funding planned
ath'vilies in the event of any inability lo raise the lull Circurt Assessment from Churches. In addition, funds held
in the Circuit Model Trust Fund will be applieil for the and mis*on of the circuit.
Statement of Trustees, Responsibilities
The trustees are responsible for preparing the Trustees. annual report and financial statements in accordance
th applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Pra¢licel.
The law applicable lo charrties in England and Wales requires the truslees lo prepare financial slalements for
each financial year which give a true and fair view of the slate ol affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these stalements, the
Iru5tees are required lo..
select suitable accounting policies and then apply them eonsislenty.,
observe the methods and principles in the Charities SORP 2015 IFRS1021',
make judgements and eslimales that are reasonable and pn￿ent.,
follow applicable accounting standards".
prepare the financial slalemenls on the going concem basis unless rt is inappropnate to presume that the
charity ¥MII conlinue in operalion.
The trustees are responsible for keeping proper acc￿Jntin9 record5 that disclose with reasonable accuracy al
any lime the finanaal posrtion of the charty and enable them lo ensure Ihat the financial slalemenls comply
th the Charities Act 2011. the Charty (Accounts and Reports) Regulab'ons 2008 and the provisions ol the
trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the preventson and detection of fraud and other i￿egularl￿"e￿.
Auditor
This is the first year that an audit became a reqU1￿ment in view of both the level of income and the asset
value of the C1￿U￿.
We wish to place on record our thanks to our Auditor, Shaw Gibbs Ltd, Accountants and Business Advisers,
who have been appointed audrtors for the ensuing year, having previously carl￿d out years as
Independent Examiners lor the Circurt.
Declaration
The Trustees, Report and the Finan¢ial Statements are approved for presenlation to the Trustees.
Signed..
Andrew Biggs
Eddie FovAer
Superintendent Minister
Circurt Steward & Treasurer
31 Jul 2025
31 Jul 2025
TR5
The Methodist Church. West Oxfordshire Circuit-Trustees Reportforthe year ended 31 August 2024

West Oxfordshire Methodist Circuit- 2022-23 - A
endix A
CIRCUIT MEETING MEMBERSHIP
TRUSTEES
1. Circuit Leadershi
Team
MINISTERS
Revd Andrew Biggs
Revd Fred Ireland Ilo 31108r24)
Revd Jason Cooke
Revd lan Worrall
Revd Sue Ja¢ob$ O1J09f24)
CIRCUIT STEWARDS
lan Cotton (Senior CS)
Rosemary Britton (& Saf8gu8rfing)
Eddie FO￿er (& T￿#su￿r)
Martin Hannant
Ann Jerome (to 19/09r23}
Val L%)noghue (from 12A?￿4)
In
FORMER VICE PRESIDENT OF CONFERENCE
Stella Bristow
WITNEY TOWN CENTRE LEAD CHAPLAIN
Sonia Ouraturo (from I210￿4)
LOCAL PREACHERS & WORSHIP LEADERS
Rev Stephen Bywaler (Jtynt Se¢y) Ito I210￿4)
Jenny Bywaler (J￿￿1 S8cy) (to s21￿?4)
Andrew Maisey (Tutor) {to 31108r24J
Julie Biggs ($8Gr818ry) (fw 12106r241
PASTORAL LAYWORKERS
Anne Crawford (to 31/08r241
Dawn Haley (to 311W24J
LEGALADVISER
Andrew Pote Ilo 37112rk3)
3. Church Re
r8sentatives
BAMPTON METHODIST CHURCH
Matthew Wareham
Raena Fartey (from IWk4)
CHARLBURY METHODIST CHURCH
Sheila Farmer
Gill Grason
David Woodcock
Sue Tokumine Ilrom 12klfKI4?
CARTERTON METHODIST CHURCH
Karl Williams
Jan Hilton
Carol Port
Pal Wellslo¢xl (trom i¥OtsYd41
CHIPPING NORTON METHODIST CHURCH
Doug Paxton
an Souch (frnm 12106r241
Linda Souch (Ixom 12M￿4}
CHURCHILL METHODIST CHURCH
Lesley Sulherfand Ilo 31ffjVd4)
Jackie Palmer llo 31/0￿4}
HIGH STREET, WITNEY METHODIST CHURCH
Jane Heath Ilrom 12n&?4)
Jonathan Miller
Ann Vvorrall ito 37/oe/24)
Bill Seedhouse (to 31/08/24J
Keith cra￿Ord
Mary Jordan
Dave Richardson ito 37108/241
Sandra Robinson (to 31108r24J
MINSTER LOVELL METHODIST CHURCH
Wendy Atkinson (10 31/0&24)
Mary Willis
David Haley (to 31/08g41
Dawn Haley Ilnxn 01/09￿4>
Graharn Kew (from 12106124)
DAVENPORT RD. WITNEY METHODIST
CHURCH
Judith 8ucknall
Helen Adams
Ja¢ky Milner
Roy Townsend (to 31/0W24J
Robert Ayers (fvom Ivo￿4)
FARINGDON UNITEO CHURCH
Liz Kilpatrick
Derek Jerome {frLW 121W241
LONG HANBOROUGH METHODIST CHURCH
Gill Breakspear (to 3f/08Q41
Nigel James
Andy Gower
Cha5 Simpkins
Valerie Tee
WESTCOTE METHODIST CHURCH
Tony Gibson Ilo 31/08￿4)
John Bentley
Mary McDougal Ilrom 01/09r24)
Helen Blight Ifrom 01109n4J
STONESFIELD METHODIST CHURCH
Kathleen Albert
Claire Walton
Bruce Anderson (fnm 01109124)
Sytvia Bareham fr￿ 01/09f241
TR6
The Methodist Church. West Oxfordshire Circuit-Trustees Reportforthe year ended 31 August 2024

Independent Auditor's Report to the Trustees of The Methodist Church. West Oxfordshire Circuit
Opinion
We have audited the fin3n¢ial statements of The Methodist Church. West Oxfordshire Circuit (the '¢harty'l for
the year ended 31 August 2024 which comprise Statement of Financial Activrties. Balance Sheet, Statement of
Cashflows and notes to the financial statements, induding significant accounting Policies. The financial
reporting framework that has been applied in their preparats'on is applicable law and United Kingdom
Accounting Standards. including Finanoal Reporting Standard 102 The Financial Reportiftg Standard
app1￿&ble An the UK and RepublK of Ireland (Unrted Kingdom Generalfy Aceepted A¢counb"ng Practice}.
In our opinion the financial slatements..
give a true and fair view of the stsle of the charity's affairs as al 31 August 2024. and of its incoming
resources and application of resources. including rt5 income and expenditure, for the year then ended..
have been properly prepared in accordance vAlh Unf(ed Kingdom Generally Accepted Acwunb'ng
Pra¢t'¢e'. and
have been prepared in accordance with the requirements of the Charrties Act 2011.
Basis for opinion
We conducted our audi( in accordance Inlemational Stsndards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilrties under those standards are lurther described in the auditor respon5ibililie$
for the audit of the financial statements section of our report. We are independent of the charty in accordance
rith the ethical requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fu￿111ed our other ethi¢al responsibilitses in accordance with these
requirements. We believe that the audrt evidence we have obtained is suffiuent and appropriate to provhle a
basis for our opinion.
Conclu8lon$ rolatlng to gdng conc•m
In auditing the financial statements, we have Concluded that the Iru$lees' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfome(l. we have not idenlffied any material uncertainties relating lo events or
Condilitsns that, individually or collectively, may east significant doubl on the charity's ability lo continue as a
going concern for a period of at least ts¥elve months from when the financial statements are authorised for
i$¥ue.
Our responsibilities and the res[￿nsibIlitieS of the trustees ￿￿th respect lo going concem are described in the
relevant seclitsns ol this report.
other Infomiatlon
The other information comprises Ihe inlormalion included in the Trustees, Annual Report on Finance and
Governance, other than the finanaal statements and our auditor's report thereon. The trustees are
responsible for the other information. Our opinion on the finanaal statements does not cover the other
information and we do not express any forni ol assurance concbusion thereon.
Our responsibility is lo ￿ad the other infom)alion and. in doing so. consider whether the other infomalion is
materially inconsistent wth the financial statements or our knovAedge obtained in the course of the audit or
otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparent material
misstatements, we are requi￿￿ lo determine whether this gives rise to a material misslalemenl in the financial
stslemenls thernsefves. If, based on the work we have performed. we conclude that there is a material
misstatement ofthis other infomialion, we are requTed to report that fact.
We have nothing to report in this regard.
AR1

Matters on which we are required to report by exception
We have nothing to report in respect of the following matters in relation to vthich the Charities (Accounts and
Reports) Regulations 2008 require us lo ￿port to you rf. in our opinion-
the inforniation given in the truslees. report is inconsislent in any material respect wth the financial
statements,. or
sufficient accounting words have not ken kept". or
the financial ststements are not in agreement wth the accounts.ng records., or
we have not received all the information and explanations we require for our audit.
R•sponsibilities of trusttes
As explained more fully in the trustees. responsibilities 5ts1ement Set out on page TR5. the Iru5tee5 are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such inlemal Control as the trustees detemiine is necessary lo enable the preparation of fi'nancial
stslemenls that are free from material misstslement. whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's abilty to
conts'nue as a goin9 concem, disclosing, as applicable, matters related to going concem and using the going
concern basis of accounting unless the Iruslees erther intend lo liquidate the charity or lo cease operations. or
have no re81istic allernalive but to do so.
Auditor ro$pon$lbilitig8 for tho audll of the financial ststem¥nts
We have been appointed as auditor under section 144 of the charib.es Act 2011 and report in accordance with
the Act and relevant regulatsons made or having effect thereundef.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalemenl. whether due lo fraud or error. and to issue an auditor's report that includes our
opinion. Reasonable assurance is 3 high level ol assurance, but is not a guarantee that an audit Conducted in
accordance with ISAS IUKI will always detect a material misstatement when il exist5. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial ststemenls.
Irregularities, including Iraud. are instances ol non-compliance laws and regulations. We design
procedures in line with our responsibilities, oullined above, lo delecl material misstatements in respect of
irregularities. including frau¢J. The extent to which our pr¢)ce(lure$ are capable ol detecting irregularities,
including fraud is detailed below".
1. At the planning stage of the audit we gain an understanding of laws and regulats'ons which apply lo the
harity and how management seek to comply wth those laws and regulations. This helps us to plan
appropriate risk assessments.
2. During the audit we locus on relevant risk areas ad review the compliance wrth the law5 and
regulations by making relevant enquiries and undertaking ￿rrobOration, for example by reviewing
Iruslee meeting minutes and other documenlalion.
3. We assess the risk of material misstatement in the finanaal statements induding as a result of the risk
of fraud and undertake procedures including..
a. Reviewing the controls set in place by management.
b. Making enquiries of management as to whether they consider fraud or other irregularities may
have tsken place. or VAle￿ such opportunty might exist.
c. Challenging management assumptsons wth regard to accounting estimates.
d. Identifying and testing ioumal enkn"es. parb"cularly those which appear lo be unusual by size or
nature.
Because of the inherent limitslion5 of an audrt, there is a risk that we wll not delect all irregularities, including
those leading to a material misstatement in the financial statemen15 or non-compliance with regulation. This
risk increases the more that compliance with a law or regulation is removed from the events and transactions
AR2

reflected in the financial statements, as we will be less likety to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than e￿Or, as fraud involves
intenbonal con¢ealmenL forgery. collusion. omission or MIs￿presentation.
A further description of our responsibilities 15 available on the FRC'S web511e al".
htt s.Ilwww.frc.or
.u￿llbra
JStandards-codes-
laudit-assurance-and-ethicslaudrtors-res
the-audiv
onsibilities-for-
U$• of our r•port
This report Is made solely to the charity's trustees, as a body. in accordance wth Part 4 of the Charities
(Accounts and Reportsl Regulations 2008. Our audit work has been undertaken so that we might state to the
Charity's trustees those matters we are reqUI￿d to stsle to them in an auditor's report and for no other
purpose. To the fullest eKtenl permitted by law. we do not accept or assume responsibility lo anyone other
than the charity and the chanty's trustees as a body, for our aLKlit work. for this report. OT for the opinions we
have formed.
SQ.- L,-,4.
Shaw GlbbB (Audltl Llmlted (Statutory Audltor
IDatel 01 Aug 2025
264 Banbury Road
Oxlord OX2 7DY
Shaw Gibb$ IAudill Limited 1$ eligible lor appointment as auditor of the charity by virtue of its eligibilty for
lppoinlment is auditor of a company under section 1212 of the Companies Act 2006.

sxi
1!*1*9-
5'É21 51

Si
E 113
1551111

The Methodist Church. West Oxfordshire Circuit
ststement of Cashfiows for the year endlng 31 Au8USt 2024
2023
C•sh Ivom •)per•llry •dl¥ltl•s
178,1751
Net cash Iltrw from chafflable artibities
{n175J
C•sh Ilow Irom xtlwltles
Investment incoff
49.26S
32.337
Net cash from Thfesting artr4ities
49,265
32.337
Cmh Irom Iln•nthi •rttr¢ttles
Net incfe•se I Ide¢reasel In cath Jnd Cash
130,9151
14S.838)
Cash and cash eqUi￿lents * st•rt date
l(Kl.425
146.263
Cash and cash eouibrylents at end date
69.510
ICO.425
•nd ￿$h oqulv•lefts cong13ts ofr.
Cash ai bank
69.510
IiXl,425
Cash •nd c•sh •qulv•l•rts th •hd d•1•
69510
IiXl.425
A•￿KIll•t￿)fi of net Incom• l (ewftthturel lo ntl ash Ilow Irom ¢¥ef*knq •cll¥lll•s
2023
Net income I lexpenditurel lor ￿•r I pti￿d
339.929
1147.451J
In¥estment IrK(wr
l&insl I losses on inbtstments
l&insllknsses on tangible assets
Ilncfeasel I decrease in debtors
Inuease I (decre￿) in credtt¢ys
149.2651
1381.533
132.337)
152.148
(9.257J
121,&)lJ
120,2771
1342)
3.%3
1420,1091
69.276
180,180)
(78,175J
FS3

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note I.. Basis of
re
aTation
Basis of accounting
These financial statements have been prepared under the historical cost convention with items recognised at
historical cost or transaction value unless otherwise stated in the celevant notelsl to these accounts.
The financial staternents have been prepared in accordance with-
the Stutement of Recommended PTUrtffce.' Accounting Reporting by Ch47rities f50RPJ applicable to charitie5
preparin8 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021.
and with the Financial Reporting Standard applit3ble in ihe United Kingdom and Republic of Ireland IFRS 1021
and with the Charities Att 2011.
Publlc beneflt entlty
The West Oxfordshire Methodist Circuit meets the definition of a public benefit entity under FRS 102.
Funds
The funds held constitute..
General Funds held for any purpose of the Circuit, which are Unrestricted.
The Circuit Model Trust Fund, which hos wide purposes defined in Standin8 Orders and is categorised as
Unrestricted.
Restricted Funds. whi¢h are held for a narrower purpose.
Endowment Funds, which consist of Expendable Endowments where capital Is available wlth restrlctlons.
and Permanent Endowments where capital is unavailable.
Golng concern
8ased on the monetary assets and human resources available at 31 August 2024. the trustees believe that the Circuit
is a going concern.
Note 2.. Accountln
Pollcl
Content
The financial information presented is relevant, reliable, comparable and complete. Where estimates are used
the5earebasedonexperience, research andjud8ement. Theaccountsareexpre55ed in £Sterlin8, roundedto the
nearest pound.
Con5011datlon
The Circuit has denominational re8ulatory oversight in respert of the work gf the Churches within the Circuit but has
no legal or operational Control of those Churches and iheir governing bodies except in extreme circumst3ntes. For
this reason, the financial statement5 01 Churche5 Wlthin the Circuit are not consolidated into these financi31
statements.
Income recognltlon
Income is brought into account when there is entitlement and the amount is reliably measurable once it is more likely
than not that the economic benefit of the income will be forthcoming.
In accordance with the Charities SORP IFRS 1021. the time of volunteers is not recognised.
Expendlture
This is recognised when a liability is incurred, or a constructive obligation arise5, where the amount is reliably
measurable and it is considered more likely than not that there will be an outflow of economic benefit.
Grants
Grants made by the Circuit from its own fund5 are reco8ni5ed in full at the time of agreement to make a grant
without performance tondition5 or as and when the Ciicuit actept5 that there 1% 8 leg31 or operational obligation to
make the payment if it 15 subject to performarbce conditions.
VAT
Since the Circuit is not VAT registered. all inputVAT is charged with the expenses to which it refers.

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Tanglblefixed assets
Trustees for Methodist Church Purposes ITMCPI is the legal owner and Custodian Trustee of 311 Methodist Model
Trust property. Tangible fixed assets are capitalised if they can be used for more than one year, and individual
cost at least £1,000.
Starting this year, the freehold residential property is shown in the accounts at current market value, with the
accounts for the years ended 31 August 2022 and 2023 being restated to show the revaluation of the comparative
figures shown for those years. For the Balan￿ Sheet, this means an increase in the value of the Freehold Properties
of £1,042,627, to £2,966,255. No depreciation is provided. as it is the Circuiys policy las required by Standing
Orders) to maintain the properties in good repair. Consequenlly. the trustees consider the life of the properties to
be so long that there is no significant depreciation or impairment.
Monètary Invèstmènts
The Circuit'5 investment5 are in monetary a55ws Classified as basi¢ financial instruments under FRS102 and are held
by TMCP as custodian trustees. The valuations. at markei value. are those provided by TMCP. The unrealised gains
rising on investments at the end of the year ale shown in the SOFA and in Note 16 below.
Recelvables and Payables. Bank and Cash IBaslc Nnandal Instruments)
Debtors are stated at the amounts owed to or prepaid by ihe Circuit. Creditors are initially recognised at settlement
amount after any trade discounts, where normal credit terms appty. or the amount advanced to the Circuit.
Subsequently creditors that are current liabilities are measured at the cash or other consideration expected to be
paid. The liquid funds of bank balances and deposit fund balances are shown at their realisable values.
2.10
Loans as Baslc Flnanclal Instruments
Where conce5sionary loans li.e. free ol interestl are made to lor re￿iVed byl the Circvit to further its charitable
purposes, and are repayable after more than one year, they are initially recognised at the amount paid lor
receivedl, with the carrying value adjusted in subsequent years to reflect repayments and any accrued interest,
adjusted for any impairment, if necessary.
2.11
Methodlst ConneMl¢nal Funds
The Methodist Church Connexion raises 35sessments against Districts and Ihese afe apportioned quarterly lo their
Circuits. In addition, the District also apportions its own expenses across the Circuits. The Circuits raise assessments
agalnst thelr Churches In order to fecover the Charges by their District. together with other Cir¢uit costs.
2.12
Reserves Pollcy
The trustees have adopted a pollcy for the unrestricted reserves held the General Fund whlch Is to hold a minimum
sum equivalent to between 3 and 6 months. average expenditure. This should be sufficient to meet any unforeseen
item of major expenditure on manses and l or to be able to continue. in the short term, funding planned activities
in the event of any inability to raise the full Circuit Assessment from churches. In addition. funds held in the Circuit
Model Trust Fund will be applied for the work and mission of the circuit.
2.13
Endowment Funds
Where the Circuit holds money that may not be spent and must be retained las capital) to generate an income the
money or a55et5 to be retained are classified as an Endowment Fund. The capital will be Shown in the balance Sheet
in the column for endowmeni funds. The income may be restricted or unrestricted depending upon the terms of
the endowment.
2.14
Ministers. manse costs
The Circuit 15 required to provide accommodation for e3¢h minister in the fjrcuit 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 separatelv
disclosed as benefits-in-kind for ministers as HMRC does not seek to tax these receipts in the hands of ministers.
Note 3.'Jud
ements
Estimates
In June 2025, a Fellow of the National Association of Estate Agents visited all four of the manse properties held bv
the Circuit at that time to prepare valuations. These valuations have been worked back to 31 August 2022. using
the house price index for West Oxfordshire in order to arrive at valuations for 31 August 2024, as well as
comparative5 for 2023 and 2022. The valuations for the manse in Burwell Meadow, Wilney (which had been sold
by lune 20251 were based on its selling pri￿ in Marth 2025.

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note 4.. Glossa
of ternis
CFB.. Central Finance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled
investment funds for Methodist entilies in Great Britain and provides invesiment advi￿ to those entities
Church: a group of members from fewer than 10 to more than 300
Circuit: a grouping of Methodist Churches usually in a defined area near each other. typically between 10 and 30
ClrcuSt Meetlng: The trustees of the Circuit. most of whom are appointed by their local Churches and others by
virtue of a role they undertake for the Circuit and/or their local Churches
CLT {Circuit Leadership Team): A group (comprising mostly. but nol exclusively) of Circuit trustees responsible for
the day to day adminislration and poliry formulation of the Circuil. Generally the CLT comprise5 the Presbyters and
Deacon5 Stationed within the Circuit, the Circuit Steward5 and CLT Secretary (who is not a trustee)
CMTF.. Circuit Model Trust Fund Imaintained with TMCP- see below)
Connexion.. The Methodist Churth in GB whith includes the Head Office at Methodist Church House, all Methodist
Districts, Circuit5 and Churches in Great Britain
Connexlonal Funds- The Designated 3ndloi Restricted Funds held and 3dministeièd by the Connexion in
furtherance of its charitable and mission objectives.
Olstrlct.. a group of contiguous Circuits. usually between 15 and 30
OAF.. District Advance Fund
FRS: Financial Reporting Standard
3Generate l& 3Genl.' The National Methodist event for Children and Young People
HMRC: His Majesty's Revenue and Customs
Lay Employees.. Personnel ernployed by the Circuit on generally accepted commercial employment term5
MCA.. Methodist Chapel Aid Ltd makes loan5 to Christian churches & holds deposits for individuals, churches, elc.
MMPS.. Methodist Ministers, Pension Scheme
Mln15ters Ilncludln8 Superlntendentl: Probationer or Ordained Methodist Presbyter5 andlor Deacon5 who have
pastoral and administrative responsibility for the Churches and communities within the Circuit
SOFA.. Statement of Financial Aciivities
SORP: St8iement of Recommended Pradice
TMCP: Trustees for Methodist Church Purposes, the legal owner and Custodian Trustee of all Methodist Model
Trust property, including Legacies, Endowments and Ac¢umula¢ed Funds
Note S.. Donat5ons Grants and Le
General Fund
Donations re church furnishings disposed of
District grant towards 3 Generate costs
Total
acles recelved
2023-24
615
160
£775
2022-23
£0
Note 6.. Charltable a¢tlvltles- Assessments on Churches
The Circuit is comprised of 1112022-23- 131 churches and each is assessed for a contribution to meet the overall
net costs of the Circuit. As far as possible. the Circuit aims to cover all its net core costs from the assessment.
The annual assessment5 for each church included in these accounts were as follows-
General Fund
2023-24
2022-23
Bampton
8.050
8,050
Burford Iclosedl
8,140
Carterton
11,220
Charlbury
6,570
Chipping Norton / Churchill
25.960
Churchill O'oined with Chipping Nortonl
1,950
Davenport Road
16,930
Faringdon
14,140
High StreetlNewland
88.100
Long Hanborough/Sutton
19.9CQ
Minster Lovell
4.260
Stonesfield
1,950
Westcote
7.830
Total
£215.000
11,220
6.570
25.960
16.930
14.140
88,100
19.9¢XJ
4.260
1.950
7,830
£204.910

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note 7.. Se
arate material items of income
The figure shown represents the rent received during the year in respect of two manses. which is used to further
the mission of the Circuit, especially in the liehi of ihe pioneering work beine undertaken in Carterton. This source
of income ceased during the year to enable one manse to be prepared for a new minister whose arrival in the
Circuit would officially be I September 2024.. and the other manse has been prepared and advertised for sale as the
Circuit has no further use for it. The sale of this latter manse eventualty took place on 28 March 2025.
Note 8.. Other charltable Income
During the year, Burford Methodist Church and part of the land belon8in8 to Sutton Methodist Church were sold.
Upon the sales taking place, the net sale proceed5 were transferred into the Circuit Model Trust ICMTI Fund, with
the levies for the Connexional Priority Fund ICPFI being withdrawn from that fund by TMCP.
The figure5 relatin8 to the above are as follows..
2023-24
Net sale proceeds of Burford Methodist Church
753.225
Net land sale proceeds by Sutton Methodist Church
2022-23
822,797
Less.. CPF Levies- £277.290 + £9,914
Net property sales
Donations
Loan interest provided for but no longer required
Total
535.593
127
£535 593
£12 471
Note 8.1: 0
eratln
Lease In connertlon wlth the sale of Burford Methodlst Church
Burford Methodist Church had a plot ol land behind it which had been turned into a garden for the church manv
year5 a80. Thi5 land had been used in the past as a burial 8round bul the gravestones had been placed around the
edge of the land with the relevant permissions. In the li8ht of this the burial ground was not allowed to be sold a5
freehold. The Circuit was required to transfer title by means of an operating lease for 999 years, with an annual
rent payable to the Circuit each Deternber in advance of the following year of £100. The Operatlng Le55or Note is
therefore as follows..
Burlal Ground lease Oxlordshlre-7S Hlgh Street. Burford
Totsl
Wlthln
Between
l year 2 to 5year5
£99.9￿ £11
5 years
£99A89
999 years from 22 July 1024- £100 per annum, pald December
Note 9.. Grants and donatlons
During the year. grants and donations were made as follows..
High St. Methodist Church. Witney
Carterton Methodist Church Sanctuary Garden
port of their pioneering project
High St. Methodist Church. Witney- re emergency repoirs
Assistance to 2 churches following cash shortages due to pondemtc
Sutton Methodist Church (from proceeds of land sale)
-for renewo15 ond redecoration
Mi5cellaneou5 donation
The Fund for the Support of Pre5byter5 & Deacons (onn. dotwtionl
The Methodist Fund for Property {Jnn. dOn0t￿nj
Total
2023-24
2022-23
25,747
21.657
25.267
3,500
7,805
23,1(X)
25
5CQ
500
£59,709
49,392
Note 10: Salarles and associated costs
10.1
Salaries Ilneluding 5tipendsl
stipends were paid to 5 Ministers12022-23 51, including one part-time Associate Minister Inot a Trusteel. Salaries
are paid to lay staff, which included the Circuit Children & Families Worker until April 2023. 3 Town Centre Lead
Chaplain and a Circuit Administrator. both of whom are employed on a part-time basis. In addition a charge was
made by the Methodist Payroll Bureau for use of the bureau by the Circuit for lay staff. The costs of these are
shown below.
General Fund
2023-24
Stipends (including allowances)
125.905
Pension Fund contributions (Stipends)
30.136
National Insurance contributions (Stipends) 11,099
2022-23
116.433
27,945
10,037
FS7

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Salaries
Lay employees, Pension Fund costs
National Insurance contributions
Apprenticeship Levies
Methodist Payroll 8urea
Total
At Year-end-
Number of employees
Number of rninister5 receiving a stipend
No employees re￿iVed employee benefit5 of more than £60,1)xi. There is no accrual for holiday pay a5 It is
immatèri31.. the holiday yèar ends on 31 August. All membèrs of staff are paid at or above the living wage.
10.2
Pensions
M05t ordained presbyter5 and deacons are members of ihe Methodist Mini5ter5' Pension Scheme IMMPSI. This is a
defined benefit scheme. The Supreme Court held in 2014 that Methodist ministers (which term includes presbyters
and deaconsl are not employees of the Church. For simplicity. however. when dealing with National Insurance
Contributions and pension contributions. the terms'employer. and'employee. are used as they would be in an
employing body. For both 2023124 and 2022123. the rate of the employe¢s pension contributions was 26.9%.
The Connexion accounts for the pension scheme and shows the figures in the annual Methodist Church in Great
Britain account5. A workplace pension with The People's Pension is provided for lay employees.
14.211
514
118
701
27.942
1.615
1.582
744
£￿3.164
£186.778
10.3
Cost of Superlntendent. Mlnlsters and Trustees
The four Ministers stationed by the Methodist Conference in the Circuit, together with the Circuit StewaTds form
the membership of the CLT and are considered the Key Management Personnel. The Superintendent Minister
chairs meetings of the CLT and the Circuit Meeting. The members of the Circuit Meetin8 are the trustees of the
The Methodist Conference, meeting annually in luneljufy. approves the level of Stipend5 and Allowance5 payable
for the year beginning I Septernber ftsllowin8 for Methodist Ministers IPresbyters and Deacons) stationed by the
Conference. Stipends and Allowances afe paid to Ministers by the Connemional Stipends Office on a monthly basls.
The stipends, allowances, employer's NIC and employer's pension contributions ale reimbursed monthly to the
Methodist Stipends Office by the Circuit. by means of dired debits claimed by the Stlpends Office. Other expenses
of the Ministers of the Circuit are paid by the Circuit.
The standard stipend for the year commencing I September 2023. agreed at the 2023 Methodlst Conference, was
£29.040 p.a.12022123 £26,928). It was also agreed that the Allowance for being a Circuit Superintendent was 10%
of the Stipend. i.e. £2,904 p.a.1202V23 £2.692.801. A Computers in Ministry ICIMI Allowance of £194 each
12022123 £1761 was also agreed.
Payments to the Circuit ministers lall Trusleesl were made as follows
Stlpend (2022/23)
Sup't All'ce 12022R3J CIM All'ce 12022/231
Revd A Biggs Isuperintendentl £29,040 £126.928J
£2,904
£12,6931
£194
£(176J
Revd I Cooke
£29,040 £126.928J
£194
E(176)
Revd I Worrall
£29,040 £126,928J
£194
E(176J
Revd F Ireland Iworkin8 Oilt of
Circuit I day per weekl
£24,912 £f23,lOOJ
£194
E(176J
The manses are provided by the Circuit and the Circuit maintains the properties. The vèlue of the Council Tax and
water charges paid by the Circuit is not dist105ed hère as HMRC does not regard this as a benefit-in-kind in the
hands of the minister.
One supernumerary Iretiredl minister. Revd S Bywater has also been a Trustee (resi￿Ing on 12 June 20241 and
during the year until his resignation. received preaching fees for services conducted around the Circuit. The fees of
£30 per seNice12022123 £251 again are set annualty by the Methodist Conference. The total he received in the
part of the year that he was a Trustee amounted to £60012022123 £5501.
One part-time employee, Ms S Duraturo ITown Centre Lead Chaplain). became a Trustee in June 2024, and
between then and August. she received a salary of £2.142. with pension contributions by the Circuit of £128.

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
other Paymènts to Trustees
Apèrt from the 4 Ministers who are Trustees and 0[￿ Supernumerary Minister who is also a Trustee, no other
Trustee was in re￿Ipt of any payment for work undertaken on behalf of the Circuit. although certain travelling and
administration costs were reimbursed in particular cases.
2023-24
2022-23
Number of trustees who were paid expenses
Expense payments primarily relate to reimbursement for travel, stationery, telephone and computing COSt5.
Mileage rates for travel are also set by Conference, and for 2023124, these remained the same as for 2022123
(using the rates set by HMRCI, at 45plmile for car travel for the first lo.0￿ miles in a year. No-one reached 10,O(LI
miles.
Total amount paid to trustee5
£11,481
£9,478
Note 11: Pro
Costs
lal Members of the Circuit Meeting act as Man3gingTiustee% for five manses. three of whith are occupied bv
ministers stationed in the Circuit. In addition to insurance. repairs and maintenancè to all the manses. thè Circuit is
responsible for the payment of Council Tax and Water charges for ihose occupied by the ministers. The other two
manses ceased to be rented during the year. with one being prepared for sale and the other for a new minister who
moved in during August. to be able to start work on I September. In addition, the Circuit has responsibility for the
upkeep of two closed church buildings until they are able to be disposed of.
Ibl The cost of ongoing maintenance and improvements to all manses is funded through a designated 'Manses
Upkeep Fund" and transfers of income from certain investment funds. together with E12,CKIO p.a. from the General
Fund are made to this. In the light of substantial repairs and redecoration to one manse, and the continued annual
rent of the Pioneer Mini5tels manse (to cease in Au8USt 20251, there is a year*nd deficit on the fund of £18,850
(Lost yeor, a bolonce of £2,965).
Icl The Circuit arranges and pays for five-yearly (Quinquenniall buildin8 surveys and Electrical Reports IEICR51 to be
undertaken on behalf of all the Circuit churche5 as well as for the manse5. All work required on the churches by
these surveys is the responsibility of ea¢h Church Council. A similar fund to that mentioned in Ibl above is
mainlalned for the costs of the Quinquennial surveys. with ES,CXJO transfer￿ this year Iyear-end balance £6,576).
2023-24
2022-23
23,075
19,203
36.057
28.685
5,675
5,290
2.632
4.308
7,847
6,713
£75.286
£64,199
Insurance, Council Tax, Water & Gas service (al
Maintenance of Manses
lal. Ibl
Quinquennial surveys
Lettin8 Costs ladjustmentl
Closed churches costs
Total
lal
lal
Note 12: Offl¢e ex
enses
Telephone & broadband
Printin& posta8e & Stationery
Total
2023-24
2.500
1,065
£3.$65
2022-23
1.722
250
£1.972
Note 13: Dlstrlct Assessment &
The Circuit pays an annual a55e55ment to the Northampton District of ihe Methodist Church. The calculation of the
assessment 15 based on the number ol Methodist Ministers within each circuil, together with the unrestricted cash
balances held by each Circuit in bank, CFB and CMTF accounts.
The Levy is calculèted on a sliding scale percentage of the balance of the Circuivs CMTF at 31 August in the previous
accounting year.
2023-24
2022-23
Gen. Fund Fund Total
6en. Fund CMTFund
64,014
64,014
56.756
57,381
57.381
£57381 £121395
Totol
56.756
68.789
68,789
£68.789 £125.545
District Assessment
District Levy
Total
f64.014
£56.756
FS9

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note 14: Otherou
oin
Generol
Fund
CMT
Fund
Restrfcted
Funds
2023-24
Endowment
Funds
Totol
Travel expenses
Preaching fees
IT costs
Resources
Removal costs
Audit fee
Training & conferences
Miscellaneous
Total
5.610
2.580
1,483
607
3,430
12,000
5,610
2.580
1,483
607
3,430
I2,￿0
680
6.199
£32,589
3.549
£29,939
2.513
£2,513
36
£36
ioi
£101
2022-23
Trovel expenses
Pretschingfees
ITcosts
Trt7ining & conftrences
Resources
Removol costs
Independent exumint7tion 2,4LXt
Miscelloneou5
386
Totol
£13.173
6.313
1.7thJ
919
926
529
6.313
1.700
919
926
529
2,4
3,469
£16,256
2,946
£2.946
36
£36
ioi
£101
Tan
Ible Flxed Assets
TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property. Trust property is held for
and on behalf ol local Mana8in8 Trustees who are responsible for the day to day management of such trust
property. TMCP ensures that. through providing guidance and acting under iheir direction. the Managing Trustees
comply with charity law and Melhodisl law and polity as determined by the Methodist Conference.
In June 2025, a valuation was carried out on all the manses held by the Circuit. These valuatlons have been worked
back to 31 August 2022 using the house price index for West Oxfordshire. to enable relevant comparatives to be
used.
Propertles- Manses
Valuatlon
8alance brought forward
Additions I disposals in year
Revaluation in year
Balance carrled forward
- beln8 Revaluatlon at 31 Au8USt 2024
Other Flxed Asset5- During the two years covered by these accounts, no other fixed as5et5 are- or have been held
by the Circuit. In addition, there have been no additions, disposals or transfers of fixed as5et5 durin8 the same
period.
Depreoatlon- No depreciation 15 provided on the freehold properties- see Note 2.7
Manse properties
2023-24
2022-23
2.973.323
2,964,066
17,0681
£1.￿,255
9.257
£2.973.323
valuation
Cifwd.
Oeemed Valu
In Iyar
Hurdeswell, Long HanborouEh (deemed 311081151
271,4LK)
639.963
638,442
Cherry Tree Way. Witney Icost Oct 20121
447.237
616.261
614,796
Burwell Meadow. Witney (cost Aug 20131
339.504
460.876
459,780
Berryfield Way, Carterton Icost Jul 20151
446.897
592.558
591,15
Wesley Manse, Chipping Norton (deemed 011091201 418,5
663.665
662,087
Total
£1.923,628
£2.973.323
£2,%6,255
The manse at Burwell Meadow in Witney. being no longer required for Circuit purposes was sold in March 2025 for
£480,000. After costs of sale and the le￿ to the Methodist Connexional Priority Fund, the net amount re￿iVed by
the Circuit was £306,065.
11.5211
11.4651
11.0961
11.4081
11,5781
£(7￿68)
FSIO

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note 16: Fixed Asset Investments- Mana
ed Funds
These funds are held by TMCP in units in a CFB Managed Mixed Fund and a CFB Managed Fixed Interest Fund Isee
also Note 17 below).
As stated in Note 15 labovel. TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property.
which includes Legacies, Endowments and Accumulated Fund&
Analysis of investment movements
Securities not listed on a recognised Stock Exchange
Other investments
2024
2,￿)3
2023
1,875
Total
£2.iW3
£1875
Change in investment valuès
Carrying lrnarketl value at beginning of year
Net Eainlllossl on revaluation
Carrying Imarketl value at end of year (No additions or disposals)
1075
128
E2,LM13
1,979
11041
£1,875
The Funds and end of year valuations summarised above are as follows..
ortsnt GIJ
CFB Managed Mixed Fund- Valuation- 12S units @ £5.417 I£S.0281
"Model Trust Bequests I"
CF8 Managed Mixed Fund- Valuation- 125 units @ £5.4171£5.0281
CFB Managed Fxd Int Fund - Valuation - 368 units @ £1.7621£1.681
2024
2023
677
628
678
648
£2.IX13
629
618
£1.87S
Note 17 FIMed Asset Investments- Interest Funds
The following funds are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each
monthlsee also Note 16 above).
Unre5trlcted
CMT Fund
Restrlrted
Funds
2024
Endowm't
Funds
Total
Circuit Model Trust Fund
Toogood Memorial Fund
Pocock Bequest
Willmer Bequest
Model Trust Bequests I
Model Trust Bequests 2
Total
1,263,038
1,263,038
2,3Cx)
io,otr)
soo
31,059
2,378
£1.309.275
io.c
500
31.OS9
2.378
£33.437
£1.263.038
£12.800
2023
Circuit Model Trust Fund
Toogood Memorial Fund
Pocock Bequest
Willmer 8eque5t
Model Trust 8eque5ts I
Model Trust Bequests 2
Totul
881,745
881,745
2,188
io,coo
5(Kt
31,059
2,378
£927,870
2,188
io,(
51x1
31,059
2,378
£33,437
£881,745
£12,688
Note 18: Debtors
Debtor5 and prepayments are all Unrestricted
Oebtors
Prepayments
Stipends. pensions. Nl
2024
76.564
2023
70,507
13,764
3.821
326
£94A75
13,858
3.903
1,348
£89.616
Other prepayments
Total
FSII

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note 19: Loans to Churches
Loans to churches within the Circuit may be granted by the trustees for a variety of purposes. Funds for larger
loans are sourced from the CMTF and are interesi free. The assei. however. is carried in the General Fund. The
balance of £4.657 showing at 31 August 2024 was cleared on 16 September 2024.
Church
Oate Branted Amount Period Balance
Additions
brou8ht
foTh¥ard
Sep 2023 onwards open open 9.174
£9.174
Repaid/ Balance
cleared carrled
inyear
forward
110,1901 4,657
£110.1901 £4,657
Burford
Totals
5.673
£5,673
Notes 20
21: Cash on De
oslt
Unrestricted
General Fund
Restrided
Funds
2024
Endrym'l
Funds
Total
CFB Deposlt account
Early Legacy I
Early Legacy 2
Total
26.858
26.858
250
600
£27.708
250
6LX)
£850
£26.8S8
2023
CFB Deposit occount
MCA Deposit accounts..
Et7rly Legory I
Et7rly Legory 2
Totul
48.480
48.480
250
250
6CiI
£49.330
£48.480
£850
Note 21: Cash at bank and In hand
Unre5trlrted
Genèral Fund
Restrlcted
Funds
2024
Endtywm'i
Funds
Total
CAF 8ank
General Fund
Local Preachers Fund
HSBC Bank, Witney
Total
28,421
28,421
1.328
12,903
£42.652
1.328
12,903
£41.324
£1.328
2023
CAF Bank
Generol Fund
locol Preachers Fund
H58C Bank, Witney
Totol
34.874
34,874
1,328
15,743
£51.945
1,328
15,743
£50.617
£1.328
Note 22.. Crèditors
This consists ol creditors, attruals and incorne received in advance. It is expected that all sum5 a¢crued at 31
Au8U5t 2024 will be paid durin8 the year to 31 August 2025. The income received in advance consi5t5 of
S5es5ment5 frorn ¢hur¢hes which relate to the fbf5t three months of the year 2024-25.
Incomè in Advante
2024
Assessments in advance
21.4LVJ
Credttors and Accruals
Ministers, and other expenses
Property costs
2023
28.403
967
3.587
1.861
12,(XXI
832
£40.656
1.700
2.813
377
2,400
Audit Ipreviously Independenl Examination)
Other creditors
Total
£36.693
FS12

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note 23.. Ca
ital Commitments and Contin
ent Llabilitles
At 31 August 2024 the Circuit had no capital commitments.
No contingent liabilities were identified at 31 August 2024.
However, in September2021 the Circuit Meeting agreed a grant of up to £250.(VX) for capital work on Carterton
Methodist Church where pioneer work is being undertaken. to be paid from the Circuit Model Trust Fund.
Note 24: Unrèstrlcted Funds
Balance at 31 August
2024
2023
24.1 General Fund
£126.658
£161,194
The purpose of the General Fvnd 15 for use at the discretion of the trustees in the furtherance of the general
objectives of the Circuit and which have not been de518nated for other purposes.
The Circuit Meeting is aware that any grant applications must demonstrate public benefit.
24.2 Property Resèrves
Property Reserve (Cost & Deemed Values)
1.923.628
1.923.628
Property Revaluation Reserve
1.042.627
1.049.695
Total Value
£2,966.255
£2.973.323
As a result of the revaluation of the manses which took place in June 2025. the Property Revaluation Reserve has
been created to show the revaluation of the fixed assets concerned. To enable this to take place with all the
previous years, comparative accounts included with the 2023-24 accounts, the accounts for the years 2021-22 and
2022-23 have been restated (See Notes 2.7. 15 & 281.
24.3 Clrcult Model Trust Fund
£1.263.038
£881.745
The purpose of the Model Trust Fund 15 for use al the di5crelion of ihe trustees in the furtherance of the general
objectives of the Circuit. Its main source of incorne is le8acies ond formulaically determined contributions from the
sale of manses and church buildings in the Circuit.
Although this is technically an Unrestricted Fund under the Control of the Circuit Meeting, prior approval may still
be required from the District to utilise these funds. Methodist Standing Orders 930, 931 and 917121 are applicable.
Note 25: Restrlcted and Endowment Funds
2024
2023
Restricted Funds Balance at 31 August
£14,128
E14.016
Endowment Funds Balance at 31 August
£36,290
E36.162
The restricted and endowment funds exist to support the causes listed below. All the funds. assets (except those
restrlcted funds which are managed locally and those deposits held with MCAI are managed by TMCP and the net
income lafter charges) is paid direct to the administrators of the fund. Each fund listed below is categorised
according to the following kev..
IEEI- IExpendable Endowment? Capital available with restrictions
IPEI- IPermanent Endowment} Capital unavailable
IRLI ILocally Restrictedl Capital and interest available
Local Preachers Fund IRLI- This is held in the Circuit HSBC current account and is restricted to provide support for
the work of the Circuit Leader5 of Worship and Preachers Meeting.
Too8ood Memorlal IEEI- Both capital and interest are available for use by the Circuit for Educational Purposes.
J Pocock Bequest IPE}- The interest Is used to 5UPPQrt Circuit Manses.
R N Willmer Bequest IEEI- The interest from this fund 15 available for general Circuit purposes without restriction.
The capital is available with re5trirtion5. A request was made that this bequest be treated as a Permanent
Endowment. However. this is not a legal direction. so the Trust is fully available to the Circuit.
J V Early Legacy I IRLI- This is held in a deposit account with MCA. The interest is used to support Circuit Manses.
J V Early Legacy 2 IRLI- This is held in a deposii account with MCA. The interesl is used for the general work of the
Model Trust Bequests I IRLI- The income from this fund is used to SUPPOrt Circuit Manses.
Mr & Mrs E Tarrent Gift IPEI- The income on this is available for the general purposes of the Circuit. and is
allocated to support Circuit Manses.
Model Trust Bequests 2 IRLI-The interest from this fund is used for the general work of the Circuit.
Transfers out of these funds relate to the interest income received less expenditure which is permitted for the use
of general charitable activities. These funds are all to be subject to review as lo the way that they are used and
whether there can be further amalgarnation.
F513

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note 26: Summa
of Fund Movemerrts
Revalua￿0￿/
Expendltyre Transkn Extraorthnary Galnsl
Iiems
Fund
88lance
01109120
Balance at
3110812024
nr
General Fund
Rev31u3tion Reserve
Circuit Model Trust
Total Unrestiicted Funds
Restricted Income Funds..
Local Preachers Fund
Toogood Memorial
J Pocock Beouest
R N Willmer Bequest
T￿al Rest. It)come Funds
Endovmient Fun
J V Early Legacy I
J V Early Legacy 2
Model Trust Bequest5 1
Mr & MrsTarrent Gift
Model Trust Bequest5 2
Total EndowmeDt F¥nd5
161,194
2.973,323
881,745
4.016.262
228.978 1356.9931
93,479
126,658
2,966,255
1,263,038
4.355.951
17,0681
45,161 1108,2611
274.139 146S2541
191,2(K)I
2.279
535,593
sas.s93
17.0681
1,328
2,188
io,coJ
1,328
2,3(M)
10,000
500
14,118
118
529
26
673
14,016
250
250
16
1.687
19
126
1.855
32.3CIS
628
2.378
36.162
11,5951
79
49
32,385
677
2,378
36,2>?
11191
11.7541
£276.667 £1465.3911
£10)
£535.593
£16.9401
£4,406,369
01/0912022
3tyW2023
Unréstrletéd Frmds."
Generol
Revoluotion Resefye
Clrtuit Model Trust
Totol UnrestrlctedFunds
Restrlctedlncoffte Funds..
Locol Preocheis Fund
Toogtrod Memoritsl
J Pocock 8equesr
R N Willmer Bequest
Totul Rest. Income Fumd5
EndowmentFunth..
J V Eorly Legacy I
J V Eorly Legacy 2
Model TruJt 8eqye5TJ 2
Mr & Mr5 TGrrent Gilt
Model Trust Beque5t5 2
Totul EftdowmentFunds
J65,754
2,964,066
1,033,848
4,163,668
266.954 {356.840J
8&326
161.194
2,976,323
881,745
4,016,262
9.257
29.379 197.4821
296,333 f454,322J
184.LWJ
1,326
9,257
1,328
2,126
2.328
2.188
10,000
SC
14,016
161
1291
318
16
{269}
SC
13,954
1361
13041
250
(2)
(5}
19261
{281
(71J
fl.0221
250
32,382
657
2.380
36.269
1,018
19
76
1120
(921
121
171
(io
{761
{38)
32,306
628
2,378
34162
11041
rotolof allfvnds
£4.213.891
É297A55 £1444591
£(oi
£9.153
£4.066.440
Note 27: Anal
s of Assets between Funds
Fund balance5 at31August
General
CMT
Total
2024
T3nglble fixed assets
Fixed asset investments
Fixed asset Investments
Current assets
2,966,255
2.966.255
2,CK13
1.310.125
168,642
140.6561
4A06.369
2.riJ3
34,287
1.263.038
12.8
1.328
167.314
140.6561
3092.913 4163.038
14.118
36.Z90
2023
rangibleftxed055er5
Fixedassetinve5trnents
Fixedassetinvestrnents
CuirentU55ets
CurTentliubilitie5
2.973,323
Z973,323
1,875
92B,720
199,215
(36,6931
4.066.440
1,875
34,257
881,745
12.688
1.328
197,887
(36,6931
3.134.517 881745
14016
F514
34162

The Methodist Church. West Oxfordshire Circuit
Notes to the Accounts for the year ending 31 August 2024
Note 28: Prior Year Ad ustment
In June 2025, a valuation was carried out on all the manse5 held by the Circuit. These valuation5 have been
worked back to 31 August 2022 using the house price index for West OxFordshire, to enable relevant
comparative5 to be used. As a result of thi5 review, it was deemed that the valuation of the rnan5e5 stated in
the previous years wa5 materially understated. The Circuit therefore decided to re5t3te the prior period, as
follows..
BALANCE SHEET
As prevlouslv
reported
31-08-2023
Adjustment
2021-22
Adjustment
2022-23
As restated
31418-2023
Flxed assets
Tangible Assets- Circuit Manses
Funds of the Circuit
Property Valuation Reserve
1,923.628
1.040,438
9,257
2,973,323
1,040,438
9,257
1,049,695
STATEMENT OF FINANCIAL ACTIVIT
Revaluation of freehold property
9,257
Note 29: Related Partles
Each Circuit Trustee is a member of one of the Churches within the Circuit and may be a trustee in their Church.
Related parties include the Methodist Connexion (The Methodist Church GBI. the Northampton District of the
Methodist Church, Churches Wlthin the Circuit las lisled in Note 61, oiher Methodisl Circuits and District5 in Great
Britain, CF8, TMCP and MCA.
Apart from the required Inon-per50nall transactions with the above, there have been no other related partv
transactions in the period under review.
Note 30: Volunteer Contrlbut5ons
Every entity Iconnexion. District. Circuit and Church) within the Meihodist Church in G8 is heavily reliant on
volunteers who contribute their skills. time and money in the furtheran￿ of the work of the Church. In the Circuit
the principal contribution is by serving as members of ihe Circuit Meeting who. together with others ère involved in
the work of the Circuit dealing with mission. manses. finance. policy. grants. trainin& safeguardin& etc. We are
grateful to all of them for their help and commitment. No attempt has ￿en made by this Circuit to value the non-
monetary contributions to the Circuit in monetary terms.
FS15