2024-08-31-accounts

BERKSHIRE SURREY BORDERS METHODIST CIRCUIT:

ANNUAL REPORT AND FINANCIAL STATEMENTS:

YEAR ENDING 31 AUGUST 2024

REGISTERED CHARITY NO. 1134496

BERKSHIRE SURREY BORDERS METHODIST CIRCUIT: CONTENTS OF THE FINANCIAL STATEMENTS

	Page No.
Trust Information	1-2
Trustees’ Report	3-5
Declarations	6
Independent Examiner’s Report	7
Statement of Financial Activities	8
Balance Sheet	9
Notes to the Accounts	10-14

BERKSHIRE SURREY BORDERS METHODIST CIRCUIT: LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1134496

START OF FINANCIAL YEAR END OF FINANCIAL YEAR

1 September 2023 31 August 2024

Mrs. Jane Bonney Rev Catherine Bowstead Mr. Michael Bush Mr. Bob Clark Mr. Lee Elms Mr. Graham Fradgley Rev Sharon Gardner Dr Brian Gennery Mrs. Hazel Gennery Mrs. Mary Glauert Mrs. Karen Glossop Mr. Robert Godden Mr. Sam Hanna (To Oct-24) Mrs. Wendy Hart (To Dec-23) Mr. Don Hewitt (To Jan-25) Mr. John Hoskins Mr. Ian Hamilton Mrs. Claire Knight (To Nov-24) Ms. Pauline Matondo Mr. Andrew Mitchell Mrs. Marjorie Mitchell (To Aug-24)

Mrs. Christine Morgan Mr. David Morgan Mr. Andrew Mower Mrs. Lynne Paine Mr. Geoff Peck Mrs. C Rooke-Matthews Rev Soba Sinnathamby Mr Malcolm Souter Mr. Ben Spain Mrs. Kim Tame Ms. Sharon Wright Ms Sandra Fogwill Ms Judith Jones Ms Margaret Wells Mrs. Liz Bush Nicky Hartley Mr. Chris Williams (From Oct-24) Mrs. Sarah Cooper Mrs. Kerry Weir Mrs. Heather Brown Mr. Andy Knight (From Feb-25)

GOVERNING INSTRUMENT

Deed of Union (1932) and the Methodist Church Act (1976)

OBJECTIVES

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

• a) the Christian faith in accordance with the doctrinal standards and the discipline of the Methodist Church;

• b) any charitable purpose for the time being of any Connexional, district, Circuit, local or other organisation of the Methodist Church;

• c) any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church;

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

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BERKSHIRE SURREY BORDERS METHODIST CIRCUIT: LEGAL AND ADMINISTRATIVE INFORMATION

PRINCIPAL ADDRESS

The Methodist Centre Rose Street Wokingham RG40 1XS

PRIMARY BANKERS

HSBC Wokingham Branch 1-2 Market Place Wokingham RG40 1AL

Central Finance Board of the Methodist Church 9 Bonhill Street London EC2A 4PE

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

INDEPENDENT EXAMINER

Alison Elliott ACA, FCCA Butt Miller Limited 1 Minster Court Tuscam Way Camberley Surrey GU15 3YY

2

BERKSHIRE SURREY BORDERS METHODIST CIRCUIT

TRUSTEES REPORT FOR THE YEAR ENDED 31 AUGUST 2024

Structure, governance and management:

Trustee selection method:

• 1 Certain officers and elected representatives of local churches

• 2 Ministers appointed to the Circuit by the Methodist Conference

• 3 Officers appointed to certain jobs by the Circuit Meeting.

• Summary of the main activities undertaken for the public benefit in relation to the objects of the charity:

• Provision of regular public acts of worship open to members of the church and non-members alike;

• Pastoral work including visiting the sick and bereaved;

• Promotion of Christian activities through the staging of events and services;

• Supporting other charities in the UK and overseas financially and with prayer.

Achievements and Performance (2023-2024)

The seven churches of the Berkshire Surrey Borders Circuit work together to provide services of worship each Sunday and some midweek services. The worship takes a variety of styles including contemporary and more traditional styles. We provide “messy church” aimed at families with children, worship appropriate for people living with dementia, creative worship, Bible studies and prayer groups. About a quarter of the services will include Holy Communion.

All of our churches meet in person for worship but some services are live streamed, use the Zoom platform or are recorded and available on church websites. Some of our mid-week Bible studies and prayer groups are on Zoom.

Ministers in the Circuit are available to conduct Weddings, funerals and baptisms for church members and for members of the wider community on request.

The Circuit provides safeguarding training for people working with children and vulnerable adults. All those in leadership roles have taken both Foundation and Advanced levels as required by the Methodist Church. Church Members whose role requires a DBS check are prompted by Circuit or local Church Safeguarding officers to keep these checks up to date.

Opportunities for training for many areas of the church’s life (eg preaching, worship leading, stewarding, safeguarding) are offered within the Circuit or in co-operation with neighbouring Circuits.

Ecumenical co-operation and partnership is a feature of our Circuit – 3 of our churches are Ecumenical Partnerships. Churches are encouraged to participate in ecumenical events.

Our churches are very active in the community, we actively support local food banks, work with the homeless and vulnerable, we support Christian charities working in local schools and our Crowthorne Church supports an after-school drop in.

Churches are encouraged to use their buildings as a community resource, and several are well used by local individuals and groups. Advice about the maintenance and upkeep of our buildings is provided by the Circuit and Methodist District.

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Individual members and churches support a number of local, national and international charities through personal giving and fundraising (e.g. sponsored events Action for Children, collections for Christian Aid, donations to food banks, etc).

Financial review

The Charity’s annual report and accounts for the year ended 31 August 2024 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRS) 102.

There was a deficit in the General Fund, before gains/losses on investments, for the year of £19,635 compared with a deficit of £18,258 in 2022-23. The budget for the year anticipated a deficit of around £47,000.

General Income for 2023-24 was 5.9% higher than the previous year at £263,383.

General expenditure was 7.1% higher than the previous year at £285,463.

Fund balances

The Circuit holds unrestricted general funds of £2,254,240 (previous year £2,238,784), of which £2,236,845 is the estimated market value of the three manses (previous year £2,195,138). The Designated Fund for Manse Maintenance holds £52,027 (previous year £47,856).

The Circuit also holds £140,345 in its Model Trust Fund (previous year £137,900).

Plans for 2024-25

Despite increasing circuit assessments by an average of 5.0% the forecast is predicting a deficit of £54,600. The Circuit is planning to merge with the Hants Surrey Borders Circuit on 1 September 2025.

~~4~~

Risks

The Trustees have examined the principal areas of their operations and considered what major risks could 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 Methodist Church, which aims to provide ministers for openings supported by the District, and in part by the ability to recruit lay workers.

In addition, we note that the Circuit is heavily dependent on volunteers, particularly in terms of managing Property and Finance. Lack of volunteers in these areas runs the risk of failing to meet our commitments as a Charity.

The major financial risk to the Circuit would arise if one of the larger churches (especially Wokingham) were unable to meet its Circuit Assessment due to a reduction in giving and/or in property lettings. This risk is mitigated by both the Circuit itself and the individual churches having a Reserves Policy which ensures adequate reserves being in place at all times to meet any shortfalls.

Reserves

The Circuit needs some free reserves in place to enable it to meet its obligations in the event of an unexpected shortfall in income. Free reserves as defined by the Charity Commission are unrestricted funds available to spend on the general purposes of the Circuit and therefore exclude those funds designated for specific purposes and those already utilised in purchasing tangible assets.

The Trustees of the Circuit believe they should hold free reserves sufficient to cover at least six months’ expenditure plus £50,000 as a property reserve for major repairs. Based on planned 2023-24 expenditure this will be £200,500. Net current assets in Unrestricted and non-designated funds were £201,767 at 31 August 2024. We anticipate a reduction in this figure with a budgeted deficit of around £54,600 in 202425.

We make provision for our property maintenance programme by designating £7,500 per year to maintain each of the three manses. Any under or overspend is allocated to or taken from the designated Manse Maintenance Fund. This Fund stood at £52,027 at 31 August 2024.

Public Benefit

The Trustees declare that the Charity is a public benefit entity and they have complied with the duty imposed under the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission.

Approved by the Trustees on 6 March 2025 and

Signed on their behalf by Revd Catherine Bowstead – Trustee

………………………………………………….

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Name of Circuit: Berkshire Surrey Borders

No: 36/02

Declarations and Scrutiny

I confirm that these accruals-based accounts for the year to 31 August 2024 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting.

Signature of treasurer: N/A

Name and address of treasurer: N/A

Presentation to the Circuit meeting

I confirm that the annual report and accounts for the year ended 31 August 2024 were presented to the Circuit meeting held on: 6[th] March 2025

Signature of the Chair of the meeting:

Name of the Chair of the meeting: Revd Catherine Bowstead

Date: 6[th] March 2025

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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 2024. 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: 6[th] March 2025

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Berkshire Surrey Borders Methodist Circuit

Circuit No 36/02

Statement of Financial Activities (SOFA)	for the year ended	for the year ended	31 August 2024	31 August 2024
	Notes to			Circuit Model	Designated
	the	General Fund		Trust	Funds	Restricted	Endowment	Total
	accounts	(Unrestricted)		(Unrestricted)	(unrestricted)	Funds	Funds	2023-24
		£		£	£	£	£	£
Income
1 Donations and legacies								0
2 Income from monetary investments			2,106	7,233				9,339
3 Income from investment properties			27,100					27,100
4 Assessments on Churches		233,950						233,950
5 Capital Receipts								0
6 Grants received								0
7 Other charitable income			227					227
8Total income		263,383		7,233	0	0	0	270,616
Expenditure
9 Grants and donations	9							0
10 Salaries and associated costs	7	179,589						179,589
11 Property maintenance			2,100					2,100
12 Connexional assessment & model trust levy			44,282					44,282
13 District Assessment & Levy			11,110	4,395				15,505
14 Depreciation								0
15 Office expenses								0
16 Other outgoings	8		48,382	393				48,775
17Total charitable expenditure		285,463		4,788	0	0	0	290,251
18 Gains/(losses) on monetary investments								0
19 Gains/(losses) on investment properties	4		41,707					41,707
20Net income/(expenditure)		19,627		2,445	0	0	0	22,072
21 Transfers between funds			(4,171)		4,171			0
22 Other gains/(losses)								0
23Net movement in funds		15,456		2,445	4,171	0	0	22,072
24 Total funds brought forward		2,238,784		137,900	47,856			2,424,540
25 Total funds carried forward		2,254,240		140,345	52,027	0	0	2,446,612

Statement of Financial Activities (SOFA) for the year ended 31 August 2023

Notes to the accounts Income 1 Donations and legacies 2 Income from monetary investments 3 Income from investment properties 4 Assessments on Churches 5 Capital Receipts 6 Grants received 7 Other charitable income 8Total income Expenditure 9 Grants and donations 9 10 Salaries and associated costs 7 11 Property maintenance 12 Connexional assessment & model trust levy 13 District Assessment & Levy 14 Depreciation 15 Office expenses 16 Other outgoings 8 17Total charitable expenditure 18 Gains/(losses) on monetary investments 19 Gains/(losses) on investment properties 4 20Net income/(expenditure) 21 Transfers between funds 22 Other gains/(losses) 23Net movement in funds 24 Total funds brought forward 25 Total funds carried forward	General Fund (Unrestricted) Circuit Model Trust (Unrestricted) Designated Funds (unrestricted) Restricted Funds Endowment Funds Total 2022-23 £ £ £ £ £ £ 0 1,437 4,306 5,743 21,600 21,600 225,692 225,692 0 0 0 248,729 4,306 0 0 0 253,035
	0 167,345 167,345 6,271 6,271 39,348 39,348 11,469 4,420 15,889 0 0 42,045 395 42,440 266,478 4,815 0 0 0 271,293
	0 (101,030) (101,030) (118,779) (509) 0 0 0 (119,288) (16,229) 0 16,229 0 0 (135,008) (509) 16,229 0 0 (119,288)
	2,373,792 138,409 31,627 2,543,828 2,238,784 137,900 47,856 0 0 2,424,540

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Berkshire Surrey Borders Methodist Circuit

Circuit No 36/02

Balance Sheet as at 31 August 2024

Fixed Assets	Notes to th Accounts	General Fund (Unrestricted) £	Circuit Model Trusts (Unrestricted) £	Designated Funds (Unrestricted) £	Restricted Funds £	Endowment Funds £	Totals 2023/24 £	Totals 2023/24 £	Totals 2022/23 £
Circuit Manses & Equipment	14	1,630,964					1,630,964		1,600,554
Investmentproperties	14	613,881				613,881			602,584
Investments							0		0
Total fixed assets		2,244,845	0	0	0	0	2,244,845		2,203,138
Current Assets
Debtors	11	13,220					13,220		12,511
Loans bythe Circuit	11	0					0		1,500
Investments with TMCP			140,345				140,345		137,900
Central Finance Board Deposits		51,119					51,119		70,137
Cash at Bank and in hand		12,675		52,027			64,702		71,266
Total current assets		77,014	140,345	52,027	0	0	269,386		293,314
Current liabilities
Creditors (due in under 1 year)	12	67,619					67,619		71,912
Grants payable within 2024-25	12	0					0		0
Total current liabilities		67,619	0	0	0	0	67,619		71,912
Net current assets/liabilities		9,395	140,345	52,027	0	0	201,767		221,402
Total assets less current liabilities		2,254,240	140,345	52,027	0	0	2,446,612		2,424,540
		0 0 0 2,254,240 140,345 52,027 0 0 2,446,612 2,254,240 2,254,240 140,345 140,345 52,027 52,027 2,446,612 0 0 0 0 2,254,240 140,345 52,027 0 0 2,446,612
Long term liabilities (due after more than oneyear)
Grants payable after 2024-25							0		0
Loans to the Circuit							0		0
							0		0
Net assets		2,254,240	140,345	52,027	0	0	2,446,612		2,424,540
Funds of the Circuit
General Fund(Unrestricted)	17	2,254,240	140,345 52,027 0 0				2,254,240		2,238,784
Circuit Model Trust Fund (Unrestricted)	17		140,345				140,345		137,900
Designated Funds(Unrestricted)	17			52,027			52,027		47,856
Total Unrestricted Funds							2,446,612		2,424,540
Restricted Funds					0		0
Endowment Funds						0	0
Total Funds		2,254,240	140,345	52,027	0	0	2,446,612		2,424,540

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Berkshire Surrey Borders Methodist Circuit

Notes to the Accounts

1 Basis of accounting

The financial statements have been prepared under the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011.

The Charity constitutes a public benefit entity as defined by FRS 102.

The presentation currency of the financial statements is the Pound Sterling (£).

2 Funds

The funds held constitute General Funds held for any purpose of the Circuit which are Unrestricted, Circuit Model Trust Fund which has wide purpose and is categorised as unrestricted, and Designated funds which are Unrestricted but held for a narrower purpose (maintenance of Manses). There are no Endowment funds. Details of each material fund are disclosed in Note 17 to these accounts. Any funds may be represented by more than just cash.

3 Accounting policies

Basis

These accounts have been prepared on the basis of historical cost convention with items recognised at cost or transaction value, unless otherwise stated in the relevant notes, and on the accruals basis to show a true and fair view of the Circuit’s financial position and activities.

Incoming Resources

Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Resources Expended

This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources.

Grants

Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

VAT

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

Tangible fixed assets for use by the Circuit

Tangible fixed assets are capitalised if they can be used for more than one year, and cost at least £500. The freehold property is shown in the accounts at 2015 deemed values, uprated using the Nationwide index of house prices for the relevant region. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The properties have been reviewed for impairment.

Where property held is surplus to normal staffing requirements and it is anticipated that it is unlikely to be used as a manse within two years, the property is classified as Investment Property (whether let out or not).

Investment Properties

In 2019 the Circuit assumed responsibility for a chapel and associated land following closure and cessation of worship for a church within the Circuit. The property was sold during the prior year. Land with a value of £8,000 is still held.

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Berkshire Surrey Borders Methodist Circuit

Concessionary Loans

Concessionary loans are initially recognised and measured at the amount received or paid with the carrying amount adjusted in subsequent years to reflect repayments, any accrued interest and, if necessary, any impairments.

Current Asset Investments

Current asset investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

4 Gains/(Losses) on investments

Gains/(Losses) on investments
Property revaluation (Unrealised) Investment property revaluation (Unrealised)	2023/24 £ 2022/23 £ 30,410 (73,665) 11,297 (27,365)
	41,707 (101,030)

5 Payment to Trustees

Five trustees received remuneration in relation to their employment with the Charity as ministers or lay employees. There were no other payments made to trustees for additional services provided to the Circuit.

Trustee expenses reimbursed Number of Trustees reimbursed Total amount reimbursed	2023/24 2022/23 6 5 £21,034 £7,859

Expense payments primarily relate to reimbursement for travel costs for attending meetings, plus reimbursement of costs paid directly by Circuit Officers.

6 Fees for examination of the accounts

Independent examiner’s fees for reporting on the accounts Other fees (e.g. advice, accountancy services) paid to the independent examiner 7 Paid employees Staff costs paid during the year were: Gross wages, salaries and benefits in kind Employer’s National Insurance costs Pension costs Total staff costs Average monthly employees in the year were:	2023/24 £ 2022/23 £ 1,263 1,170 1,665 1,542
	2,928 2,712
	2023/24 £ 2022/23 £ 140,188 130,688 13,326 12,234 26,075 24,423 179,589 167,345 9 9

No employees receive employee benefits of more than £60,000.

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Berkshire Surrey Borders Methodist Circuit

8 Other outgoings

Travel Telephone and internet Utilities Council tax Insurance Woosehill manse Property management fees Other expenses MTF administration Total	2023/24 £ 2022/23 £ 7,943 6,959 2,683 1,454 1,079 687 9,568 6,166 3,981 3,684 12,000 15,972 3,398 3,104 7,730 4,020 393 394
	48,775 42,440

9 Grants

The concessionary loan for £15,000 brought forward from 2019/20 related to car park works undertaken at one of the churches. Due to the Covid-19 pandemic affecting the church’s income, the Circuit accepted a grant request to cover 50% of the costs of car park works, in line with the Circuit’s usual grant procedures. The remainder of the loan was repaid during the current year.

10 Related Party Transactions

In 2019 the charity made a concessionary loan to a church within the Circuit. See note 16 for more details.

11 Debtors and Prepayments

Debtors Prepayments Stipends paid in advance Total Concessionary loan Grand total Amounts due in more than 1 year Debtors 12 Current liabilities Creditors Accruals Rent received in advance Assessments received in advance Grant Total Amounts due in more than 1 year Grant		2023/24 £ 2022/23 £ 2,500 2,000 221 221 10,499 10,290
		13,220 12,511
		- 1,500
		13,220 14,011
		- -
		2024/23 £ 2022/23 £ 8,147 17,854 4,364 2,916 1,800 1,800 53,308 49,342 - - 67,619 71,912 - -

13 Capital Commitments and Contingent Liabilities

At the 31st August 2024 there are no capital commitments or contingent liabilities.

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Berkshire Surrey Borders Methodist Circuit

14 Tangible Fixed Assets

4 Tangible Fixed Assets
Cost and valuation Balance brought forward Additions Revaluations (+/-) Disposals (-) Transfers (+/-) Balance carried forward Accumulated depreciation Balance brought forward Depreciation charge for year (-) Revaluations (+/-) Disposals (-) Transfers (+/-) Balance carried forward Net book value* Brought forward Carried forward	Investment Properties £ 602,584 - 11,297 - - 613,881 - - - - - - 602,584 613,881	Land £ Manses £ Total £ 898,883 701,671 1,600,554 - - - 13,881 16,529 30,410 - - - - - -
		912,764 718,200 1,630,964
		- - - - - - - - - - - - - - -
		- - -
		898,883 701,671 1,600,554
		912,764 718,200 1,630,964

The freehold property is shown in the accounts at 2015 deemed values, uprated annually using the Nationwide index of house prices for the relevant region.

One of the properties was no longer used as a manse at 31[st] August 2020. As this is not expected to be a temporary arrangement the property has been reclassified as an investment property.

Cost or valuation at 31[st] August 2024 is represented by:

Cost Valuation in 2013 Valuation in 2014 Valuation in 2015 Valuation in 2016 Valuation in 2017 Valuation in 2018 Control acquired over asset (at valuation) Valuation in 2019 Valuation in 2020 Property reclassification Valuation in 2021 Disposal Valuation in 2022 Valuation in 2023 Valuation in 2024 As at 31stAugust 2024	Investment Properties £ - - - - - - - 88,000 - 24,000 522,884 51,400 (104,000) 47,665 (27,365) 11,297 613,881	Land £ Manses £ Total £ 553,474 448,652 1,002,126 273,433 221,647 495,080 58,140 47,128 105,268 48,675 39,457 88,132 43,565 35,315 78,880 38,256 30,851 69,107 7,978 7,462 15,440 - - - (5,938) 45,418 (5,554) 42,472 (11,492) 87,890 (252,223) 63,160 (270,661) 75,203 (522,884) 138,363 - 58,571 - 69,738 - 128,309 (33,626) 13,881 (40,039) 16,529 (73,665) 30,410
		912,764 718,200 1,630,964

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Berkshire Surrey Borders Methodist Circuit

15 Investments

The Circuit has no common investment fund holdings.

The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month.

TCMP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with Charity law and Methodist law and policy as determined by the Methodist Conference.

16 Loans

In 2019-20 the charity granted a concessionary loan of £15,000 to Bracknell Church to be repaid back over 5 years. Due to the Covid-19 pandemic affecting the church’s income, the circuit accepted a grant request to cover 50% of the costs of car park works, in line with the circuit’s usual grant procedures. The grant of £7,500 was included in the 2020/21 accounts. The remaining part of the loan was repaid during the current year.

Church	Date granted	Amount	Period	Balance	Additions	Repaid	Balance		Amount due
				brought		this	Carried		in more than
				forward		year	Forward	Forward	1 year
		£		£	£	£	£		£
Bracknell	November 2019	15,000	5 years	1,500	-	1,500		-	-

17 Detailed analysis of individual fund movements

	At				Gains and	Extraordinary	At
Unrestricted fund name	01.09.23 £	Income £	Expenditure £	Transfers £	losses £	items £	31.08.24 £
General	2,238,784	263,383	(285,463)	(4,171)	41,707	0	2,254,240
Circuit Model	137,900	7,233	(4,788)	0	0	0	140,345
Trusts
Designated Manse	Designated Manse 47,856	0	0	4,171	0	0	52,027
Maintenance
Comparatives for movement in funds	Comparatives for movement in funds	Comparatives for movement in funds
	At				Gains and	Extraordinary	At
Unrestricted fund name	01.09.22 £	Income £	Expenditure £	Transfers £	losses £	items £	31.08.23 £
General	2,373,792	248,729	(266,478)	(16,229)	(101,030)	0	2,238,784
Circuit Model	138,409	4,306	(4,815)	0	0	0	137,900
Trusts
Designated Manse	Designated Manse 31,627	0	0	16,229	0	0	47,856
Maintenance

Comparatives for movement in funds

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