BERKSHXRE SURREY BORDERS MEfHODisf CIRCUIT: ANNUAL REPORT AND FINANCXAL STATEMENTS: YEAR ENDING 31 AUGusf 2023 REGisfERED CHARITY NO. 1134496 BERKSHIRE SURREY BORDERS MEfHOD15T CIRCUIT: CONTENTS OF THE FINANCIAL sfATEMENTS Page No. Trust Information Trustees, Rep)rt Declarations Independent Examineffs Rewrt ststement cl Financial Activities Balance Sheet Notes to the Accounts l(k14 BERKSHIRE SURREY BORDERS METHODIsf CIRCUIT. LEGAL AND ADMINISTRATIVE INFORMATION CHARrrY NUMBER 1134496 START OF FINANCIAL YEAR I Septemter 2022 END OF FINANCIAL YEAR 31 August 2023 Mrs lane Bonney Rev Catherine 8owstead (Chair) Mr Michael Bush Mr &)b Clark Mr Lee Elms Mr Graham Fradgley Rev Sharon Gardner Dr Brian Gennery Mrs Hazel Gennery Mrs Mary Glauert Mrs Karen Glossop Mr Robert &dden Mr Sam Hanna Mrs Wendy Hart Mr Don Hewitt Mr John Hoskins Mr Ian Hamilton (from 7 December 2020) Mrs clai￿ Knight Ms Pauline Matondo Mr Andrew Mitchell Nrs Marjorie Mitchell Mrs Chrisknne Morgan Mr David Morgan Mr Andrew Mower Mr5 Lynne Paine (from 16 Ortober 2020) Mr G8)ff Peck Mrs C Rooke-matthews Rev Soba Sinnathamby Mr ￿lalcOlM &)uter Mr Ben Spain Mrs Kim Tame Ms Sharon Wrtght GOVERNING INsfRUMENT Deed of Union {1932) and the Meth￿iSt Church Act (1976) OBJECtIVES The purposes of the Methc(list Church are ènd shall be deemed to have been since the date (rf union the advancement of ) the Christian faith in accordance with the dixtrinal standards and the diKipline of the Methodist Church- b) any charitable purpose for the time ￿Ing of any Connexonal, district, Circutt, hxal or other organisation of the Methodist Church; c) any charitable purpose for the time teing of any s￿iety or institution Subsidiary or ancillary to the Nethodist Church. d) any purpo* for the time teing of any charity being a charity subsidiary or ancillary to the Methodist Church. BERKSHIRE SURREY BORDERS METHODIST CIRCUIT: LEGAL AND ADMINISTRATIVE INFORMATION PRINCIPAL ADDRESS The Methodist Centre Rc6e Street Woknngham RG40 IXS PRIMARY BANKERS HSBC Wokn'ngham Branch 1-2 Market Plate Woknngham RG40 IAL Central Finance &)ard of the Methodist Church 9 Bonhill Street London EC2A 4PE The Trustees for Methojist Church Puit(6es Central Buildings Oldham Street Manchester Ml IJQ INDEPENDENT EXAMINER Alison Elliott ACA, FCCA Butt Miller ￿rn(Ced l Minster Court Tuscam Way Camberley Surrey GUIS 3YY BERKSHIRE SURREY BORDERS M￿HoDI$[ ClRCUtr TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGusf 2023 Structur< governance and management: Trustee selection method.. I Certain officers and elected representstives of IcKal churches 2 Ministers appointed to the Circuit by the Methcdist Conferen 3 Officers appointed to certain jobs by the Circuit Meeting. Sun7mary of the m3in atti¥ites undertaken tor thepublK benefit in relat￿￿ to the objetts of the charity.. Provision of regular public acts of worship open to memters of the church and non-memtsrs Pastoral work including visiting the sick and bereaved. Prcmotion of Christian attivities through the stsging (if events and servitts. Sltpporting other charitEs In the UK at)d overseas financially and wth prayer. Achievements and Perfomiance The seven churches of the Berkshire Surrey Borders Circuit work together to provide a minimum of 35 services of worship each month, about a quarter of these will include Holy Communion. Worship caters for a variety of preferred styles and tsstes and include trad￿lIN1a1 and contemtf)rary styles, inter- generational worship and "Messy Church" Several churches offer midweek seNI￿s, prayer groups and fellowship groups. All of our churches meet in person for wcyship but 5crfne Se￿1￿ are live streamed, U￿ the Zoom plafform or are recorded and available on church websites. Ministers in the Circuit are available to conduct weddings, funerals and baptism5 for church members and for memters of the wider community on request. The Circuit provides safeguarding training for peopÈ working with chIld￿n and vulnerable adU￿s. All those in leadership roles have taken both Foundation and Advanced levels as required by the Methojist Church. Church Members whose rde requires a DBS check are Prompted by Circuit or local Church Safeguarding officers to keep these checks up to date. Cpportunities fc* training for many areas of the church's life (e.g. preaching, worship leading, 5tswarding, safeguarding) are offered within the Circuit or in cO￿perats.0n wrth neighb￿rIng Circurts. Ecumenical cO￿peratIon and partnership is a feature of our Circuit - 3 of our churches a￿ Ecumenical Partne￿h1pS. Churches are encouraged to participate in eCUmen￿al events. They also participate in Community events - several of our churches took part in the"Wai'm Spaces" initkAtive, we actively support hxal foc(J banks and our Crowthorne Church supwrts an after-schwl drop in. Churches are encouraged to use their buildings as a community re9)u￿, and several are well used by Focal individuals and groups. Advi￿ ats)ut the maintenance and upkeep of our buildings 15 provided by the Circuit and MethThJist District. Individual members and churches supEY)rt a number of local, national and international charities through pewnal giwng and fundrasing (e.g. swnsored events Action for child￿n, collettion5 for Christian Aid, donations to fo(xl ban￿, etc) Financial review The Charivs annual report and accounts for the year ended 31 August 2023 have been p￿pared in accordance with the Charities Act 2011 and the Charities.. Ststement of Recommended Practi￿ 2015 as applicable to the Financial Re￿rtIng Stsndard (FRS) 102. The￿ was a deficit in the General Fund, Wore gains/losses on investments, for the year of £18,258 compared wrth a deficrt of £44,096 in 2021-22. The budget for the year anticipatsd a deficit of around £32,01)J. General Income for 2022-23 was 15010 higher than the prevK)us year at £248,729. Assessment income was reduced slightly in the prior year in line wf(h the wliLy to reduce the burden on churches during the Covid pandemic. General extEndrture was 5010 higher than the previous year at £266,478, The Circuit holds unrestricted general funds of £2,238,784 (p￿VIouS year £2,373,792), of which £2,195,138 is the estimated market value of the three manses (previous year £2,296,168). The Designated Fund for Manse Maintenance holds £47,856 (previou5 year £31,627). The Circurt also holds £137,900 in its Mojel Trust Fund (previous year £138,4QF3). pi -24 The Circuit's budget for 2023-24 anticipates a full return to normal activit￿ following the pandemic. Despite increasing circult assessments by an average of 3.70/0 the forecast i£ predicting a deficit of £47,000. ¢￿e of the Church￿ ￿Sed public worship due to lack of members in 2022-23. Rtsks Tlie Tru)le￿5 lidve exattiined the piiniipol ¢lreo5 of tlieir operaLiunb aiid coiisidertxl v¥1143L rnéjur ris￿. ivul arise in each of these areas. The major risk to the operation of the Circuit is that we are unsuccessful in attracting a Minister to fill any vacant Position this risk is mitigated by the stationing process of the Methc¢Jist Church, whKh aims to provide ministers for ￿nIng5 SUPP)rted by the Distrirt, and in part by the ability to recruf( lay workers. In addition, we note that the Circuit is heavily deFendent on volunteers, particularfy in terms of managing Propety and Finance. Lack of Volunte￿ in these areas runs the risk of failing to meet our commitments as a Charity. The major financial risk to the Circuit would arise rf one of the larger churches (es￿latIY Woknngham) were unable to its Cirruit Assessment due to a reduction in giwng andlor in property ￿ttingS. This risk is mltigated by the Circuit Lself and the individual churches having a ReseNts Pcliy which ensures adequate reseNes being in pla￿ at all time5 to meet any shortfalls. Tre Circuf( ne&Js ￿me f￿ reseNes in platr to enable ￿ to meet ns obligations in the event of an unexpErted shortfall in income. Free reseNes as defined by the Charty Commission a￿ unrestritted funds available to SFend on the general purEx)ses of the Circuit and therefore exclude those funds designat8J for specffic purp)*s and those already utilised in purchasing tsngible assets. The Trustees of the Circutt iElieve they should hold free reseTves suffictent to cover at lea* six months. expenditure plus £50,000 as a property re5eNe for major ￿pairS. Based on planned 2023-24 expenditure thi5 will be £200,5CQ. Net cur￿nt assets in Unrestricted and non4e5HJnated funds were £221,402 at 31 August 2023. We anticipate a reduclion in this frJLsre with a budgeted deficit of around £47,CQO in 2023- 24. We make provision for our propety maintenantt proJramme by designating £7,5CQ per year to maintsin each of the thr* manw. Any under or oversFend is all￿ated to or tsken from the de5onated Manse maintenan￿ Fund. This Fund at £47,856 at 31 August 2023. Public Ben￿rt The Trustees declare that the Charity is a public tenefit entty and they have complEd with the duty imp)sed under the Charitie5 Art 2011 to have due regard to public ￿nefft guidance published by the Charty Commission. Appr￿ed by the Trustees on 20th March 2024, and gned on their behalf by Revd Soba Slnnathamby- Trustee Name of Circuf(.' Berkshire Surrey Borders No: 36102 Declarations and Scrutiny I confirm thar these accruals-based accounts ￿ the year to JI August 2023 have been prepare(i from the records of the Circutt and that they include all funds under the control of the Circufc meth'ng. Signature of treasurer: NIA Name and address of treaSu￿r. NIA Presenlxtion to the Circuit meeting I confirm that the annual retK)rt and accounts ts the year ended 31 August 2023 were presented to the Circurt meeting held on: 2￿h March 2024. Signature of the Chalr of the meeting: Name of the Chair of the meeting: Revd Soba Sinnathamby Date 20th March 2024 **Independent Examiner’s Report to the Trustees of the** ## **Berkshire Surrey Borders Methodist Circuit** ## **Charity Number 1134496** ## **Responsibilities and basis of report** I report to the trustees on my examination of the accounts of the Berkshire Surrey Borders Methodist Circuit for the year ended 31 August 2023. As the Circuit’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Circuit’s accounts carried out under section 145 of the Act and, in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner’s Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts do not accord with the accounting records; or - the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view, which is not a matter considered as part of an independent examination - the trustees’ annual report is not consistent with the accounts. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I have obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date. Signature of independent examiner: Name of independent examiner: Alison Elliott Relevant professional qualification of independent examiner: ACA, FCCA Name of firm (where appropriate): Butt Miller Address: 1 Minster Court, Tuscam Way, Camberley, Surrey, GU15 3YY Date: 20[th] March 2024 7 Bertshke gjrrey 8orders method￿C1rcut Cwcu(( rth) 36102 51atofflent•f Flnantlal A¢tlNIUes IWFAI fortho ythir 31 Auou5t 2023 cEr¢u￿ M¢xlo1 Dp51gDated eneral F￿d Trust ae£ounts IUhrtstsl¢tsdl 1UTrrf8trfct￿l {unre5trKtedl estrlrtqd Endowm•nt Funds Totsl 2022.23 l Donat￿n$ and le¥￿$ 2 Incorne from rmnetary inv&tsY*Dis 3 Incorne fiom Investment propertt¥ 4 As5e55rnents on Churche5 5 Caplkl Recelpts 6 Grants recet¥ed 7 Other Chartta￿ IncomE & Totsl Expendliure 9 Grants and dLNMtiDns 10 Salarks and assodated costs 11 Property maintenknce 12 Connexlonal asstssment& rn￿1 trust le¥y 13 O￿trICtA$Se$sMefftt & Levy 14 Depreclatyon 15 Office expenses 16 C*her outgwgs 17 Totsl th•rft•bh exp•ndltu 18 GaMsllhxse51 on nKffjetsry In¥Éstmerts 19 Gam51(￿Se5} on Inve5trn*it properues 20 Net ltttCdM&I{tYPorHllt¥r¢l 21 TTrn5fer5 between thds Z2 Other gainslO05se51 23 mts¥¢m#rt In lund5 24Totalfund5 broughtfonward 25 Totslfunds ¢aThiEd lorward 1.437 21 Z25,69Z 4J06 5,743 21,600 225,692 167J45 6,271 39,348 11,469 10724S 6,271 39.3 15.819 4,420 395 15 271 293 ILOI,O>JI 1118.779) {16,2291 1101,0301 0 (119,2B81 ($091 16,229 135 2J73,792 509 138,4Dg 16,229 31,627 47056 2,543,828 51atementof Flnandal Aell¥StJ4s (SOFA} y•#r4TrJ•d 31 Auqu5t 2022 testo CIr￿ltMO￿Ql Deslgnated the General Fund TN*t Fund5 CO￿*3 (Uni*wirt•dl {UMth¢todl lunrostrl¢tsd} R¢slrlci•d Endowmwtt Totsl Funds 21121-22 L Dwatkn$ lega¢k5 2 Intthnefrom monetary Inyestmerts 3 from Invethrert I*¢pe￿¢S 4 Assessments tsn Churches S CapllAI Recdr 6 Grants rec￿ed 7 Other t￿rtstrAt IrKr*ne 8 Totsl bKome 169 21,6 191876 702 071 21￿00 I92￿76 92 737 92 215A39 21 702 9 Grants and donatTh75 LO Sahries a￿d aSS￿ated c05ts Ll Pioperty rnaintenance L2 Conneyional a5se55Wrtnt& rnrpjel tn* 13 Dthict A55CS5nKnt& Lcvy 14 Depreciatbjn 15 Office expenses 16 Other outgokngs 17 Yotsl th)witableexpendiiure 18 GalnsJlknssesl mwetsry knVests￿ 19 Gains/ltsse51 on jnvcthent prowtJe5 20 Net Incomei(expenditu￿I 21 Transfer5 bciweeD fund5 22 Other gainslO055csI Net nwvemeht Im fund$ 24Totsl funds broughtforward 25 Total lunds cavvkd forward l&).L74 140,174 37.736 10.205 37,736 16,162 5,957 40,941 41,423 6839 175.974 137,615 14.040 175,974 131A178 (5,7371 125,OWI io. 151,655 222.137 30.737 169,146 J38 2,411,950 28 Be￿6hir¢sUrr*V &roef5 Metf￿1￿Cl￿urt No 36102 BDhnce 5h•Étuat31 A¥o*t20I3 G•n•rnl F￿lld EndDwM•n Fund¥ 7otsL 2O2V23 Totsls 2021122 Trusts (Unre¥trxtqdl Funds Funds Notutot Circu.t Manses&E AY￿eTht ert*s ent rr¢nt•x*t¥ li li OEP5 Inve#rrentsYrthT t37 rront Cr￿1￿015 Grants so 47W6 221 02 (duèèfttt n￿rE thin yur) t4e after2022-23 LtsDsto the Cirojit FUndsofth•clr¢￿vl Ikrie UnreXntrEd CIIGu1l r4tKldTru%t knnd Unr*rthd ted Fun Tvts 17 17 31.62 Berkghire Surrey Borders Methodist Circuit Notes to the Accounts l Basis of accounting The financkil stateme)ts have been prepdred undtr the Charities SORP IFRS 102) 'Accounting and Re[m)￿n9 by Charit￿5.. state￿nt of ReCOmTh￿l1d￿ f*aC0￿ applicable to (harfties their acc(MJnts in accordance with the Financial RqL)rting Standard applicable in the UK and Republic of Ireland (FRS 1021 {eff￿t1ve l January 20191., Finanoal Re￿rtIng Standard 102 The Fu)ancial ReFKJrt¥KJ Standard applra)le in the UK and Republ￿ of Ireland, and the Clwiti Act 2011. The Chadty con$t￿uLe$ a puLlic iEnefit entity as defined by FRS 102. The presentsts.on currency of the fnanckil #atements is Ihe Pound Stvllng 1£). 2 Funds The funds held C(￿5￿t￿te General Funds held for any purtK)se of the Clrcult whlch are Unrestricted, Circult MixlelTYust Fund whlch ha4 WKJe purwse and is categor&ed as unrestrlcied, and Designated funds whKh are Lknrestricted txjt hdd for a narrowtr purpx (Maintenan￿ of Manses). The￿ are no EndowrrEnt funds. Details rf each material fjjnd are dsC1f￿e￿ tn Note 17 to these ￿COUnts. Any fU￿S may be represented by more d￿n ijst Glsh. 3 Accounting policies ea5iS Thfse ￿c￿Ints liave t￿en prePa￿d on the basis of historical C￿ COnv￿tion wrth Items reC(XJn￿ed at cost n beTrng ￿kas￿l kn fvture years as instslments a￿ pa¥J in Kcrydance with the original VAT Since ts Cwjit is ntst VAT wi*red, all wiput VAT 15 chargej with the expenses to wh￿h it refers. Tangible fixed a55ets for use by the Circuit Tangible fixed assets are capitallsed if they Gin used ft)r more than one yeAr, and cost at least £5(K). The frethky wopety is shown in the accounts at 2015 d￿m￿ values, uwated using the NatK)nwKle index of house prices for the relevant region. No depffciatx)n is provickd on the bulldiThJ because the twstees c(￿51￿ ts ajrrent resldual fair vala- rf tr.e wansc kn,iW..p.gs '"n the assumpt￿-. th3t".t thc cyd &,"È usefL.I cCon&￿￿:1fe b,, the le-r"￿.d) + LE not than its CuThe￿t value. Any dep￿k90[￿ woukj not rTr3terk31. The prtwties have been rev*wed for inpairM￿t, wh￿ prorErty hd¢J ts surplus to ￿rMal staffing reqUir￿ents and it is anlicipaied that it Is unllkely tr) LE u￿1 as a nwnse wthwi two years, the protkrty is dassified as InVestrn￿t Propety (whether let out or rK)tI. In¥estThent Proporties In 2019 the Cir￿lt assum￿1 ￿5[￿sIbIlity for a chapel and assLKiated land ft>llowirNJ d05uR and ￿SsatiOn of worship fvr a (hurch wf(hin the Circuit. The was sold during the year. io Berkshire Surrey Borders Methoaist Circuit Conce55ionary Loans Concessionary loaiis are initially recognLsed and measur&1 at the amount receiv￿1 or paid with the caTW"ng amountadjusted in subSequ￿t yws lo ref*ct repayments, any accnjed inter￿t and, if ￿￿e￿ry, (mpainrEnts. Current Asset Invastments Current asset [nveStm￿lS a￿ valued in the bakin￿ 4)eet at Ma￿et Wdlue at the year el￿. InveStm￿t income is included in the ￿nts wh￿1 receivab￿ and any gains or k)sses on revaluatk7n at the year are shown in the SOFA. Going concwn At the tsme of swing these accounts, the tnjstees teltve that the charity has a@uate res(wrcts and reserves to continue in operational existence for the foreseeable future. The 2020-21 financhql year was dramatkalty affected by the COVID-19 ￿ndemIC wlth Ilngerbro impact into 202L-22. Assessm￿ts were Waiv￿ ￿ a quarter if It took a church below 4 m¢Mths of resaves. The deficit was ￿￿t frcm reserves. 4 Gainsl{Losses) on investments 2022123 2021122 Prcpty revaluatm (Unrealw) Investment propty fftaluat￿n (unreali￿1) (73,6651 128,3C 101030 175 974 5 Payment to Trusteas Five knustees ￿1Ved remunerati￿ in rdatK)n to their eMpkn￿nent with the tharity as mlnlsiers C￿ lay employ￿. Ttte￿ were no ot￿r payn￿nts made to trustees for aJdf(K)nal se￿iC￿ provid￿1 to the Circuit. Trustee expew relmtxj￿j 2022123 2021122 Numbtr of Trustees ￿1MbUrSed Total a[TV￿nt reimbutrEed Exp￿￿ paYrn￿ts prtmarfly reLate io relmbJrsem￿t for travel costs tr attending meetings, plus re1mbu￿eMent of costs paid direttly by Circuit 0f￿ers. 6 Fees for ￿aMInatiOn of the accaunts 2022123 2021122 Indewda)t examin￿5 fee5 for re￿￿ting on the accounts Othtr fees le.g. advie, ￿C￿ntancY services) paid to Ihe hdependent examin 1,170 1,2(K) 7 Paid employees Staff costs pald durlng th¢ y* were: 2022123 2021122 Gr055 wages, salaries and benefits in kvid Empbyerfs Natrt￿a1 Insuran￿ crtsts Pension costs 130,688 125,069 12,234 11,7(X) 24,423 23,405 Total staff costs 167 345 160 174 AvtraJe nTr)nthty anp￿y￿S in the year were.. No empk>yees re￿Ne employee L￿efits of more than £60,000. li Berkshire Surrey ￿rderS Methcilist Circuit 8 Other outgoings 2022123 2021122 Travel TektA)one aThJ Intemet Trainlng Utilities Cwncil tax Insurance Wo(ksthill manse PrO￿rty manaJement rees other expenses MTF admMistratKIi Total 6,959 1,454 4,830 1,365 2,110 11,254 1,638 12,LYX) 2,650 5,006 482 6,166 3,684 15,972 3,104 4,020 394 9 Grants The concess￿ary Eoan for £15,(MM) brought f(Invard frLYn 2019120 ￿lated to car park wc*k5 undertaken at one of the churches. Due to ihe CovkJ-19 pan(kniic a￿ting lJ)e church's inco￿, the cit￿r( accepted a grant req￿t to cover 50% of the c<￿ts of car works, in line with the Circu￿$ usual grant pr(Kedures. The grant of £7,5W has been iicluded in the 2020121 acccunts. Further to the sale of a ch4)el and laThd durng the year, the Circuil gave a'tithe, of £5,0(X) FEr annum to be paid to a trust in 2021122 and 2022123. Since the Circuit reccgnises the responslbility to meet fvture instalments of ￿ants, all fuiure Ik?bIl￿IeS are shown as 1kib1l￿"￿ on the balance theet. 10 Related Party Transactions In 2019 the ch￿ty mat* a corKessi(¥)ary ban to a church wthin the Cirthit. See note 16 for n￿re details. 11 DeL*ors and Pr•payments 2022123 2021122 14,108 3,904 9,616 PrepayM￿ts Stipend5 paid n a(fvan 221 10,290 Total Conc￿51￿ry k)an 1,500 1,500 Grand total An￿l￿ts due In n￿e than L y tors 3￿ 12 Currant liabilities 2022123 2022122 Creditor5 Acr￿￿a Rent rete1v￿ in advance ssessments rlreived in adva Gr￿t Totsl 17,854 5,119 18,?14 1,800 47,417 1,8LX) 49,342 71,912 77,550 Amoutts due in m(re than l year Grant 13 Capital Commitments and Contingent liabilities At the 31st August 2023 there are no capitsl C(¥nmItrn￿ts or (C￿tin￿t liabiliiies, 12 Berkshire Surrey ￿rde￿ Methodist Circuit 14 Tang*ble Fixed Awets Investment Properties Land Manses Total Cost and valuatlon Balance brought forward Additi￿5 Revaluat¥￿$ l+l-) Disw)5ak {-) Transfers (+/-) Balance f￿ard 629,949 932,509 741,710 1,674,219 (27,3651 133,626) 140,039) 173,665) 898 883 701 671 1600 554 Accumulated depreciation Balan￿ brought fo￿all1 Dew￿lat￿)n charge for year (-) Revaknatic¥)s (+l-) tisw6als l-l Transfe￿ {+/-) Salar￿e caThied ftmward Net ljook value Brought forward G3Nied forwar 741710 1674 219 701671 16(V) 554 The freehdd tmpty is shown in the acccunts at 2015 deenEd value5, ukyated annualty using lfft Na￿(￿WIde indÉ% of hou* p￿￿ for the rekvant regi(￿. One of the ￿￿opertieS was no l(Mg¥ US￿ as a manse at 315L August 2020. As thi£ is not e¥￿ted to be a tansvary atTangement the ha5 tken r￿￿sSif￿d as an lnVestrr￿nt pYq)erty. C(st or valuati(￿ at 31$1 August 2023 is represented by.. Investment ProrErties Land Mar Totsl 553,474 273,433 58, 140 48,675 43,565 38,256 7,978 448,652 1,002,126 221,647 495,Ck80 47,128 105,268 39,457 88,132 35,315 78,880 30,851 69,107 7,462 15,+10 Valuation in 2013 Valuation in 2014 Valuation in 2015 valuab.￿ in 2016 valuati(￿ in 2017 valUatic￿ in 2018 Control acqu￿￿1 over asset (at Val￿tiC￿) Vaknatt.(￿ kn 2019 Valuaticn in 2020 pr(l￿ty reclassificatK)n Valuab"m in 2021 Di¥K)sal Valuats(n In 2022 88,000 (5,938) 15,5541 111,4921 45,418 42,472 87,890 (252,223) (270,6611 (522,884) 63,160 75,203 138,363 24,000 522,884 51,400 1104,(M)O) 47,665 58,571 69,738 128,309 Valuats'on in 2023 As at 31* Auwst 2023 701671 1600 554 13 Berkshire Surrey P£)rders Methcxlist Circuit 15 Investments The circu￿ has no common Investmert fund holdings. The fvrvjs thaL sUP￿t the c￿cult Model Trust Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on whKh Snterest Ls (r&f(8J to the ￿CoUnts eKh month. TCMP the legal o¥yner and Custixjkin Trustee of all Meth(￿15t Model Trust property. I[￿u￿4ng Lwies, EndDwments and AccumuLited Funds. Tnjst tNUPty s held for and on behalf of local Managing Tnjstees who are resFK)nSIb￿ for the day to day management of tNst Ffopty. TMCP ensure that, thrt¥ugh providing gUi(san￿ and arting under the￿ d￿￿tiL￿, the Ma)agiThJ Trusfrts cor1p￿ wlth c￿3rty law and Metljxlist law and wllcy as dettrmined by the MeihThJist confer￿ce. 16 Loans In 2019-20 the charity granted a cDnce5Si￿lary k)an of £15,(KJO io Br￿Kne11 thur(h lo be repak1 b￿k over 5 years. [￿e Lts the Cowd-19 pandemic affeCt￿g the church's Inco￿￿, the cir￿rt aC￿pt￿ a grant request to cover 50Wo of the costs of car park w￿ks, li) Ilne with the circuivs usual grant procedures, The grant of £7,500 was included In the 2020121 accounts. Church Date granted '" Amount ". Pwiod Balance i Atiditions brought Repaid •Baiance this Carried Fonvard Amount due in more than Bracknell l November 2019 15,000 :: 5_year5 1 17 Detailed analysis 01 individual fund movements At 01.09.22 Income Gains and 1055es Extraordinary itém5 At 31.08.23 , Unreslricted Expenthture Transfers 2,373,792 Circuit Model Tnjsts Eles￿nated Manse Maffit￿anCe 14,8151 31,627 16,229 47,856 Comparatlves for movwnwt In funds At Olm.21 Income Gains and i Éxtraordinary los Items At 31.08.22 Unrèstrittsd fund name Gen￿al | Circuit Mcxiel D￿ignated Mar￿e Maint￿an Expenditure 214,737 r- 253 096 702 ry-" (6,439) Transfers 2 222,137 169,146 175 974 2 373,792 1 o [--"'"" 138,4( (25,0(M)) 10,960 18 For informatioD onlv Mpnev rexei.1￿9 g.nd po&4ed. OD. to Eytemal Owp.nI￿.1v.Q￿$ 2022123 2021122 Balance brought forward OfferlngslGifts - re￿iVed for Ext&Mal OrganiSat￿n9 OfferingslGifts - passed to Exthal Organisations Balance carried forward {46) 14