2022-08-31-accounts

The Methodist Circuit of Gloucestershire Regl*ter•d Charlty No. 1136205 Annual Report and Financial Statements for the Year ended 31 August 2022

THE METHODIST CIRCUIT OF GLOUCESTERSHIRE ANNUAL REPORT AND FINANCIAL STATEME1￿s YEAR ENDED 31 AiIGUST 2022 INDEX Charty informJt¥)n Trustee5' rewt 3-17 Audf(orfs report 1B-20 Circurt ststemert ￿￿anC￿81 acknvths 21 Circu bafance sheet Circuit cash ftow sttThnt Notes to the accow 24-35 Appendix 1.. Ltst of*nJstees

ANNUAL REPORT AIID FINANCIAL STATE￿￿T5 YEAR ENDED 31 AUGUST 2022 TRUSTEES CIRCUIT EXEciJrr Rov'd Jotrm 11 & L&3rr¥ng 8 CarirvJ Prythl (trw IAal201 Rw'd Jaynts Vlebb (from Sep'20) (fftjm Sep'21} (from 4)'1e) P•t¢ Watt Antty Rkknll Pth1fLYK) {trom May20 to May'221 (tr￿n Mgrf17 to May'22) (frryn (tr￿ May'22) (from Sep'20) Ifrnm Sep'20) ur H&irs klithaet Hair￿S LE Led Girallt Steward Sep'201 (fr￿ Sap'20) CIRCUff OFFICE FK)LDERS Fin￿¢8 P(thK Asslrt ClrvJit Tre8sur•r MI$8Kffl Portly Petsr Al Vknr5kip Ta$kf￿rn Secretsry MVIIB Chgir PThfjolo Ik+Jor (to May'22) P(MtfokJ frbjkler (from May'221 Swty H8H John Bai R8v'd orJO￿ Srys Irrter￿a1lti Officer PUt￿lC Is¥￿5 Of￿1

THE METHODIST CIRCUTh OF GLOUCESTERSHIRE ANNUAL REPORT AND FINANCIAL STATEmEP￿s YEAR ENDED 31 AuGusf 2022 REFERENCE AND ADMINL¥fRATNE DEfAILS OF THE CHARITY. ￿sTRlIsTEEs AMD ADVISORS Icontinued) Superint•ndrfs Portfolio Rerfd John Hetyer Local Prea¢hers' and Wcw5h Le8der5' MèatMIg Secyetary Local Prèachws. Trainry l>oup Conven•r and Lead TLrtor Chaw of Local pre￿1￿¥. Training (knp n Pearce Revd Phl Surrnws CIRCUET OFFICE 18 Cowv i>een, Gbucesler. GLI 2LR AUDITORS staverton chéltenr￿M GL51 OUX BANKERS ntsndw Bank INVESTMENT MANAGERS Central Finance 8o¥d Of￿ Methodist ChLW 9 Bonhiu Street London EC2A 4PE REGISTERED CHARITY 11￿5

THE METHODIST CIRcurr OF GLOIKESTERSHIRE ANNUAL REPORT AND FIMANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 STRUCTURE. GOVERNANCE & IWIAGEIAIEMT undaf the MeltrodJst Churth Ad 1976 a Deed ol is ￿Tr9d by Th• C￿t1¢[btknal Practice APPOINTMENT OF TRUSTEES All mini8ter8, pro51yrte￿ arml ststK))ed in the Cirwit lry the MetrKthI are mornt•rs of (Finartt, Leamiffj & ￿09. Missicffl, Persml. PfOFwty. Sc¢MI aNI Clwrsak Juslice). winled TRUSTEE RECRuinEIiT. INtXlCTION & TRAINIIIG ORGANIS4mON Tho Cwwil Assemw met three ¢xa¥KrfYa n ￿21-22 Sty￿ber. Marth. May). To •n*Ao three nKJre hoklorn. The Ex¢¢Jthe ew 2021.22 N￿leMber, Jwary. Mareh. (3 fft8eliThJsl. J￿y. ￿ A￿aUS￿ h81d ￿ z¢￿ Th• Ex•the c

THE METHOtMST CIRcurr OF GLOVCESTERSHIRE ANNUAL REPORT AND FINANCIAL STATEMEKtS YEAR ENDED 31 AUGUST 2022 ORntmue pvbk I￿rship as a kIe1h￿tst Soth and to c￿)Se the bulidings. In addlion to the churches hsted above, N¢Jth Cemey Febmship and Hawling are now constrtuted as cI•8W Df CheAenham, Bethesd4 and Tibbertoft rJ a clam of Gloue8stèr. St Jthn's. Haw'ng cortinues to use rts chur¢h buibjing. (The Corrstitthn81 Prnctre and thsuplme of thè mèthod￿ Church desc¥ibes th& pro¢¢￿Te that Is to b• folkw1￿ vthen a kx•l church has merrkners to fomi a Church COU￿1. remammg members can then be constituted as a class of anothef Melhodilt church of sufficnt svzè whr8by th• Church Covncil and Pathl Cc¥Mhttee ¥e th to uThl•rt8k the ¢>vw5vJIrt of the merrbers who fom? the ¢lass.1 RISK MANAGEMENT Th• Cireutt ¢ndeavours a¢XNety to nwKts#), promLe and ievw v&rty)us pol￿15 help to manage risK induding con¢eming financrdl ￿￿eSS and ￿ hokjing of reseThes.' t￿ management of woperty and hea#h and safety. ar￿ the er￿1￿￿Thnt ￿ pafsonnel and lone vrn. The Circurt eontinues to deveknp rx appty wbu5t prcte¢fwes for safeguarding th￿lIen, young peopkg. and vulnorable aduts", each church has ts safewardlng officer The circurt safèguarding 0f￿er organt5es an actwe and on-going train￿g prograrTvne for am those Nbts)se church Offi￿ démands such training is undertaken,. ensures that apwome Fthès. chth. and declaralions are in pe or obtats)ed at CWJ level., Ibatses ￿th &xternal safeguarding aLrthorrt*s as n￿eSSary and loLg1 ehurthgs as required. (The annual iewt ofth• ciwcurt safegu¥ding officer appèats be￿).

THE METHOtMST CIRCUIT OF GLOIICESTERSHIRE ANNUAL REPORT AIID FIMAPICIAL STATEMEPITS YEAR ENDED 31 AUGIIST 2022 FINANCIAL VIA8ILrrY. susl8inatilty. Assembky in Mar¢ 21r21 of a refreBhed po￿ Pkn pJenOfi8¥ for athn to t The refr•$￿ MIS¥K￿ and pkn ib irteThled tr) CirrxiV$ use of its frnrta•l. rtfckn In the Missicffl Pc4icy P*.

THE METHODIST CIRCUff OF GLOUCESTERSHIRE ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 AUGUST 2022 Thus thè Crcu￿$ mission policy 15 interKled to guwJ•."- the minrsterial oversight ofthe Lrtal Chwch8s in tho c￿￿rt (thi5 in¢￿des thw churcthes in varW ofeuJmenKal partnpxshipsl". the support of a MIn￿ty team oy wesbytetal Ministe￿ deacnn. supemumerary m￿￿ters. lay ¢orMiunty. farth or outreach vA)rker& 8 chaplain to Hartjury UnNersty. and lay circuit administrato￿., the ￿c{t￿n and maintsrsance ofthe rfwses" and the financial abW to undeThvrtè current and firture specfft Cr￿11 wcpets thefety ensursng thatthey able to ￿ rxtalwj and sustained MISSION PLAN The CIT￿rt agrJ a refresh￿ Mtssion Plan li Math 2021. Who we are Methodists beleve that.. I people nee¢J to be rèaehed by Ws gace. Al pec ¢an bè reac1￿￿ by God's gr AJI people can God's gTrce. As the Mdhodst Circurt of Gloueèstérshirè is a group of Meth(hJtst thur¢hes ￿ GbuceershTr: We celebr8te and re¥p￿d tr) the b)v• ofGod rrode kn¢ym m ChW tr￿OUgh worship. mBsMJn and daity disCip￿ship. We ¢herssh our p￿e, as part Lrfthe¥Jer MethoJrJt chu￿1. in the thurch. We in I￿rking ￿ partnership￿￿th other denomrthns. fath aThJ ￿rI¥￿jnty groL4)$. W• embrace tho dNeTse ghfts •nd sk of peopk caled to lay and Ordain￿ mi)tstnes. Our roa¥on for ljoing W• ar• called to be to be 8 S￿n. ¥&ness, fotel•ste and instrrm)ent of &Jd's Reyn On the of tho I￿r1d. so our lrfe together is ceithd ¢)n Y+Y)r5hip and tThssKin and are c£rnrtled to sharing tho Good N￿. We wrtness to Iho Irw￿n9 k)¥e ofGod through Jesus Chi5t n ixlwidual and the vwler workl. So, in fuhltting God's m￿S￿)n and OUT Call￿9. wt •xt to.. Connect Load Support the people and chwches in the Cwcul aThJ o)ThrnUn1￿. Our guldlrq windples All we do is shaped by the to be fahfrJl to GOSW values and to 110 iusts*. the mercy and Wa￿ humbty 7Mth God Ytho through Jesus Chrtst and the ofthe Hoty SP￿lt ￿ Fwttènt and aLXNe in the wow&l. Wo we opgn tt> thè contmuing gumlarth and transf0m￿. n ofthè Hoty Spirit So, aspire to bè a Cweurt that" . ¢wntsbb• Cdabjrati Generous Transwent VabJing of w•M being Globalty Inc￿5￿

THE IIETHOThST CIRCUIT OF GLOUCESTERSHIRE ANNUAL REPORT APID FIIIANCIAL STATEMEIITS YEAR ENDED 31 AUGUST %Y22 Tcgth as a CArait as Lcrfal Cl￿rd￿S, (w FI￿$ be ()ff cakng￿d lislto b• tKknJ. dk•n u11q￿ t6t by chiKI￿.3 aThl Youth M¥ Chur¢h atllNry Mary#i& Social Cllmat• Ju•tk Climate £￿￿rgry. p•n￿e1 {Mlnl8ty1 Clwrch. Clwrth Lrf England. ts C(Ky•g￿ Fe4Jwakn. RefonY*d Church. ol

THE METHODIST CIRcurr OF GLOUCESTERSHIRE ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 AUQUST 2022 Church, Nailsworth, a L￿[ E¢LM))en￿l partnersh￿ - whose rrnership includ&s a sNJnificant PToporhon of MethodL%ts- apwnt and house the￿ nwnBters. serferal ofthe Lther LEPS. mM￿Y is shafed with th• othw partipatmg dènominth& The Crojt is rhty dilerse SOc)b)g￿l￿ and chur￿￿ serving cty (rth, inner cty, suburban, towry vimage, and hant locations. Styks of worship wary and several churches expen'nEnt V+h differant worship •s, ttinès and s•ttings, 7wth enC￿(ageTh￿nI that churches kam from one an(ther. The Circuit as a vthole and thrO￿h of ts churthes has contnued to seek fartlrfulty to WQT5hip and serve God, the Latter expressed through pastoral care, felkA4ship and through and beyond of ts churches. Digrtal technokngy has been w+￿ety used to sustain these a¢Awit￿5. Through thtr dèploymènt of Min￿e[S and lay %wrkers, thr¢)ugh Tegular Corr(nun￿￿)fi and ￿loUS other aspeds ol admintstratN• support together wrth the ongoing ProV￿￿)n of safeguardirwj. and th trainry the Circurt has continued to erthurage and resource rts churches and membeF5 Further ddai15 ofthe CwtyJ$ endeavoEJTr are drtarfed in the Portblio R•p¢yts set tyjt b•l)w (the Finance Portfol￿ deaf( %Mth under'Finance Revwl. Presbfteral apwntments In Juty 2￿22 Rvlds Andrv B•Jgs. Cook and Noel Stwp kftthe CiTvJ to tske ￿ ther statK>n$ in the ConnexKJn. Revd John ￿rrE retred fr¢)m opwintnrt In line ￿reed crcurt staffing pkn. their pastoral responsibil￿e$ ￿re di5trbuW bets￿n the remainYvJ mèmbars of staff. This means change in respOnsib￿rt￿$ Revds John Heltyei, R￿he1 Leather. w￿dY Tucksr, arvj Jayne Webb. CAra#t Lay St&fi One ofthe pnnryles on we w(¥k is that Partne￿h￿ bth￿en and by p8oplè is fijndwnentsl to our understandAig olthe vrdy in whth ¢￿ olls people to rmisty in the life ofthe ￿Ortd. Impbementing the decisions in the staffing plan ab￿rtthe deploynnt of lay Vlrrfkers has been a chal8nge. There was a va¢￿¢Y at Cirencester and part-twne appointrn8nts * 8othèsda due to worktrFS lea￿n9 and the reshaping orth& app)intmènts. R8crurtm8nt has b8•n drffiojlt and our experignce refie(ts re¢ruitmenl difficulies due tts shortage of WOEers in many areas ofthe economy. The ExecuiNe has subsequent started a review of theterms and condlK>ns ol * Thk•rs. I'￿0n H8n The CK¢u Mission plan was reV￿￿d arml wK>ntS S8t the yèar. It is int•nded to shape our prioritios and our actNlies up to 2tr26. The challewwe the year be to ensuiethat it (￿Vr￿d and embedded into the thin￿ng ofthe ChUrd￿ in the CiniiL We ￿11 ako haNE to ensure that l informs and shapes the of Off￿er5, includ￿9 mul￿terS, lay onwh)yees and Portlokn Holders. W8 put Special emphasis on discern￿9 vOcat￿)n and suppctFng thurthes in developing their mi55ron pl8ns. A vxlèo resource to help groups think and plan in m(Ye deF4h for mBsw)n VeS devek)ped. Closurn ofChfwd Hhy WKI H￿I￿ry During the yearthe peop￿ in Chawwd and Hartpury twkthe ¢Je¢LSh)n lo ceast publ￿ worship. In both ases we aTe thanklul for Gtsd's farthfvlness over rMr• than 1CiI years in uS￿g these s￿￿tte6 as a ￿tnesS to the good n8Ws ofJesu5 Chrtst Wè arè th￿k￿￿4 lor the gen8r&￿S ol peop vtho have offered Godin Love Unkgs U$ In 2020, the Methodist Conference adopted the G￿1n LO￿ Unites Us report Chuich Countyls to regL%tertheir church buikjings forthe cond￿1 of same sex marriages vthilè aifmning that IndNidu8L8 and churche5 prevented by conscn¢e fr¢xn awpting thè d•v•5opmnt have their posrtJDn hehj wth equal respert ￿ the Churth. Most of our churikns tskenthè dÈetsw)n to register their tyjddings for same sex marriages. Thanks l ff•ndud¢ ¥￿th ancIh•rV￿ of gr￿rt￿Je lo the lay offKers and Local Preachws In the Circurt for the creditile energy. skdl. colm7rtr￿t and groce wrth thry sw¥e Cfftxjrt wth￿rt tls* peopl• the Circurt would not be ab￿ to th ts l aL%o wantto thank the ministers and * WLYXers a bÈ&n a d8Wghtto seNe a￿n9$￿￿e.

THE MEfHODisf ClRCL¥rr OF GLCMJCESWIRE AMNUAL REPORT AMD FIIIANCIAL STATEMENTS YEAR EMDED 31 AUGUST 2011 gd. Minbty. tr8inirwJ in tINs Ml••lon Porllolo than th0￿1 bulthigs have b•an u*J vulneratk in our vtsl way.

THE METHODIST CIRCUIT OF GLOUCESTERSHIRE ANNUAL REpoiYf AND FINANCIAL STATEMENTS YEAR ENDED 31 AiIGUST 2022 In COnrbe(a￿noI Year 2021-22, the ministerial staffing of the eircuit C•￿s￿ed 0111 fuNim8 wesbyt•rs," a fiJlkkn'Th dea￿n". 3 part-tTh presbyte￿ 3 part-tMY $upwnLMNrari•& 1 presbyler. Th￿ equated to 13 fvlktThe equwalent rnini5te￿ receI￿g thè stip•nd IN•scitsd by the Meihodist Conference for t yeaT. of the svpemfftws n( pahj s"pends. At the end of the year. the saKI tsrewell to Rev'ds Andrew Blggs and Naomi Cooke, rTr)wwJ to new circuts tlwtyjgh the statb)nmg pro￿$ al th• ol Ihew term ot appO￿tMent and John Krn Isrtiww d(hvnl At ts Marth 2022. m•8ting the Circurt Assembty appointeil Ihe next Cir￿rt lTrvl3tKJn Commrtteo comprtsing representatNe frcrfn each church togetsr wth a nwnber ol ex offth marrthts. A Otstr￿t training session on th? St•boning yocess I￿as annged in May by the DISIT￿l Chaw and Di51rk Lay &ationing reprwntatwè, to 8U4uéint members with the Code d Practice and to ertwastse thè impcrtanc4 of idenb"tying une0risca￿ bms in der#s)n ffraking. Folkjwng the training Se$￿nS tsvo ciruJ stthvards hekl conY8rsalKYs wrth thè wesbyter and deacon whose term of appointsnent in the CTcuf( is due to efKI in 2tr23. The Pre$b￿eT ￿d￿ated that she did not wtsh an extensK)n thvs tin, vthpAeas Ihe dea￿n v•isld to be eofts¥Jered for an extension of four years frorn September 21723. Membw5 of the Circuht ere inf(Ymed ofthe Ixrto)me of thès• discemment converS￿nS a￿j a consutratsn Prr￿sS, th#rty défffwd In the Code ol Pr8Ctti. then followed Hwofving bcal ¢hUrd￿ and ¢Xher area5 of the ¢kn¢on's work in th• cOrr￿nty. Th8 Cycu InvitatK)n Comthe met I￿rtuaty) to consKleT the offef of èxtens#)n and the responses of those ￿nsU￿d The offer had been very ￿drrnty receNed. The ccrfnmtttee unanTh)usty reC￿ended lo th¥ Clreut Assembly a(xeOance of the offer& (This EXJW been sKnlady apwoved ￿nan1r￿U$ty by Assembly at rts meeing in Septerrthr %Y221 Also at the K4arch Cyujtt Asserw, Colin Pascoe was aFWmted as thè Crcurt Stvward hokhrvJ the Pwstsnnel PL¥ffolK>. succg8ding Russel Buky. The Crcut 15 wateftil to R￿$¥11 al his wovk and guidance whi15t Ih)kling portlofio. Fof 2W21-22 the CIr￿rt was the narrnd empknyw of niro * w￿rker p05thns."- Two part-brre administrators. one vthose work ￿ focused primwty on finan¢¥ and the cther on general odministralK)n. including a svJnrfthnt amount of HR. horrE. Their kne man•Jer B thè Superintendent Four part4im• ChildronlYoutNFamIl￿ Outrea¢ wwknrs based in the Methodist ehurches at Churchdthvn. Eastington. &oucester Lonsd8k Road. and Tevesbury to9￿h￿r a part-tii hospitalrty worker Chertenham Bethes<Ja Mdhodt5t Church and a fijlktvm Mission ar#J fJrtr8ach ProieLI WOTker employgd at cirenc￿er Ash¢roft Methodist ChwetrL Each of thèsé lay %thers has 8 trffjriag￿rrt and SupP￿t woup meners of the local chur( and a repr￿en￿l￿¢ of the Circurt Asswnbty. An annual rewt ofthe vKrfk of the lay wvrker is submtted by these groups to the C￿Curt Assembty. The Cirw corthuès to ￿ntrIbute to the TrJnd￿g of a part4ime time chaplain at Hartpury UnNersty and to be repres¢ntsO on hèr support group by the Superintendent ond circurt steNYdfd. The rn8n$e steyrdrds hovè Continu￿ to mawtsin the thffteen ff•nses d the Clrcult All but OM has been occupied by the Minist￿81 staff. The thwte•nth property. h8s nc¢ bèon requ￿e￿ for Cir(yJf( stsffing, has agav) béèn lèt on a shorth0￿j assured tonarry. No Quryugnnral wweLion5 w•re 18qued this year, however thèrè are 14 ¢Je next year. tt is woposed to reduce thi5 to 7 2033 wrth 7 in the lolk)wg year, 2024. to ease the fin8n¢l #nd W8Lthal burdofts. The Cwujit refflains gratelul forthe ￿nsk￿eTable tim• and effort expended by thè tèam of mansé st&vrarts fed by Safy Haw in responding to urgent property repairs and enswiig man￿$ are suabty marlained as fur mini¢r¥ Thé Cireurt is also gratefijl to the burial grouTrJ SI￿vartS n￿rtor th• o)ndrtion of the Cwcu¢g retained burral grounds at Ell•wJ, H•Jhleadon. Kenrton, Oakndge Lynch and Ranth￿k. The ￿yer￿ wall at Oakr¥Jge Lynch, close to the rwhlxjur, w￿"nIS to be mcffiitored to address the rwhbourf$ concems regarding rts ablty. No rTYyM￿nt h•5 ￿teLld to date. Ythy Tiee CLrttage has ncm becorr* vacart and wth the Ilat already unocojpied. both are being mBrket a$ one unit. Waknore Hiu Sch(p)I premises remains based to the Lc￿1 Educatth)n Authm. This firkancial year has seen the cornpW￿n of ol May Hill methC￿￿t Church. Wook95ton &nd Chalkjrd Hk4 Churches were placed M the Mark￿ thtr yoar. A buyer has boen found lor WLX)la5ton io

THE METHODIST aRcurr OF GLOUCESTERSH ANNUAL REPORT AMD FIMANCIAL STATEPIEMTS YEAR ENDED 31 ALIGLBT 2022 8ubigX to his oblwmg ￿0￿1Th3 pemy$sh￿. we ￿lI￿j the ol Ws apk4ratiDn. Church awardy. EqualAy. Dp4eisity a￿1 IEDII pl•is ¥•iihin th8 C￿1￿$ as eleFrents oft arJoss Ihe Cirvjl as kwll 45 Cirwt nwnlth. Th¥e 8 a wmb•r of k)cal wimenul CIRCUIT WEGLWIDING 0F￿eRE REPORT C1￿Ul1 frAbs dosely Poky. Pr(t•kn88 arxl ￿lde1th￿ crf the Mthrfjist ChurL* in li

THE METHODIST CIRCUIT OF GLOUCE8TERSHIRE ANNUAL REPORT AND FINANCIAL STATEMENrs YEAR ENDeD 31 AIIGUST 2D22 FINANCIAL REVIEW The ChaTty is in a finanual aThJ can be conswJ¢r•d finaneialty SOCUTe for tho next 12 months and into the Coming ￿arS Irè sedK)n'Financial W￿￿). Our ReseNes Poky Ibekn¥l relalos to ow ￿eTaI lunr85tWK¢dl funts frwly avadabl8 to be used for any or all purposes (rf the circu￿ Cxher fvnd5 are atso inc￿￿ forth• sake ol cLqnty and openne55 and to shv44 that the Cwcuit has a polKy r￿agefferrt of au ts rrthiey not sryty thc6e whrh are definad Flnandal AITh¥N To secure and 5￿tain Circu￿5 vijbthty and futur•. To gNe ¥&955uranr to the genèral pubk that the CFTcu¢ is a ¢h¥Xy, Intends lo use all of the money ￿ning into ts ¢arè forthè purFoses ofthe Charty. Principal Funding Sou Tho principal fvnding source of the Charity is in the fofft rf assessmerts (levies) on •%h of our cireurt ehurehtt. as $81 out by Standing Orders To support OUT mi8sKJnal addrtKJnal fundiThJ ccffts trom èxtwnal sources in the form of grant5, wh￿h relate to a specrfK aTrJ fof a Iwnrted pemd oftime. Rental incorr from inve5trrvrt Wopert￿, onE ol a pn"rrry school beased by Gk>uLtslershire Courty Council. Rentsl income an unoccupi8d manse. W• Undents￿l the requlen￿nts under cherty regulations to dls¢bse (yjr wwofv•Thnt In ftJndra15ing. The Charty does ncl generats funds fr￿ corrTheicial athls and tharLth ￿t￿lI￿ other than tderrtffied above. Assessmens (mon￿$ levied on each church in the Cir¢uiti provrdè th• majffj lovw 9C%I of the Cwcus income (excluding recovery of Tray empknynrt sry co#s through grart8 and churches). A Crrcurt Finance Support Group, rewesertatNe of ￿9¢ and small. Lthn and rural churches assists the circurt treasurer and asst5tsnt treasurw in nYJnrtQrin9 and rèvwng th8 changes in the assessment calCulat￿n proce56, as wel as the r¢gut¥ fwnc•l nM)nrtoring. During 2021r22. as a resur( of some thurthes being Unab￿ to fij1￿ Thet t1￿ assessments and due to ome ¢huich8s d05ing. thE 5hL¥ttal lan aFKK)unl of £18.737 whKh repres¢nts 2.5% of the t(rtal aS￿8M￿$) cowed partty ty addthnal flonaions from ¢hur¢hes Mth ￿rger reserve& with rest coming from Circurt Th¢ ¢4r¢urt assessnnt is revM%d annualty and coveTS costs of 1￿ of the m￿S￿ft Polw. togdher with other gen8ral adrrinistratxyn exwses. cakuLed on a Corrl)ww￿ of i. The unrestiicted and non41esignated income lexduding kiw income) of a church. . The number of m8rtJers in each churth. IM. The average attendan￿ xt semttt. (Nerthe year. Thè cu￿8n1 woportw)nal sP￿t r4 lil eiN. Ill2￿. (Mil 20%. Support to churches haNVW drfficuty meth.ng the #grèod assas6Thrts, or t￿￿$• of partivJlar local difficufy, has been offered through an a55essrmrt grat N rth•r avaJble funds. FinancHI support for churches wdl be corrtwlued where appropriate. Grants IN - £267 wa5 re￿Ned as a paymert vil th• go¥wn￿￿ Cowd FUrtr￿h scheme. for a kny ￿Thke[ at Eastington. OUT - Through the Modél Tmst Fund IMTFI and th fund5. graits were made availabb for aswsffnt supwt totalling £80.OW Tha MTF. and Lthèr ewejjrt funds. ￿re also used to supprytthe outregth bthers as V*ll as gènèral expertdrturè.

THE METHOOIST CIRcinT OF GLoL￿EsTER5HIRE AMNUAL REpoFrr AND FINAPICIAL STATEMENTS YEAR EMDED $1 AIJGU8T 2022 Grants duriffj the yoar Fln•rKl•l •wnm•ry 2021rt2 2020A1 725218 33,414 77,455 459.649 752,737 36,898 1115.681 389,044 I￿n6 1204.360 635.041 618.1W6 52,534 21.184 1￿291 16,189 166.M8 13.312 66.931 137,435 25.CNJ) 1.135.300 Distrba l URC I CLMVJ. C¢8ts DAF levy 174.859 1￿.578 ContritMMn kn Perffj1￿ R•seNo Fwxl Totsl 1.140.747 Nrtfflovwn￿ in fvnd•: •urylu• 110.436 143.613 FUNDS Fund (CPF). No levJf15 chatgwj ￿ the first £20.(￿. aThl ltr￿ •ry exLXS ow r20.(MY) up to £1cKI,Cts). 4VA ￿ •rty exc￿ w £1(M),CKQ. The MTF ts ￿TeSti1￿ In bts nalwe. tirwJ a¥al￿tAe al M•ttr#>tst Trust wrpLW. The Mcrflel Tw8t FLmd is used by ts Cir￿￿ flya of misskffj. ￿nnu￿ lgvy (b91 on the yew4nd ts918￿e of ts FurnD trarth furKts to ts Brfsknl thslitt kn be mad# was £7.308. On ts basls olthe fuThl at 3118r21. ts Iwy t* b• tkn on 119r22 TMI be £13.312. 2021n2 2020n1 MTF bolanc• 8t 31 Awt 294.155

THE MEfHODIST CIRCUtr OF GLOUCESTERSHIRE ANNUAL REPORT AND FINANCIAL sTATEmEP￿s YEAR ENDED 31 AUGUST 2022 A$ * 31 AUg￿t 2￿22the Cirwit had Ihe fo1knv￿n9 fvn(I (See Nrt¢ 14 tothe Finanual Statemerts d•tats of fvnds he￿) XI21r22 Desonated UnrestrKed Imonse proport￿ + ft<ed ass•ts)" UnrestrKleuc8Ster t)￿0$e and Hartwry UnNeTsty. a part4ine Chaplain ot Hartpury Universty. and at N8itsNwJrth Chr& Church LEP a pwt.tmne VY*kèr. 14

THE METHOOIST CIRcurr OF GLOLKESTERSHIRE ANNUAL REPORT AIID F114APKIAL $rATE￿I￿r$ YEAR ENDED 31 AUGUST 2022 TRUSTEES. RESPON81BILmES Charities fv£t 2011 the chal￿￿$ (￿l￿rts •)d Rowtsl 2(Kl. 11 is al80 resp)nsI)￿. Au￿oR5 audth. ON BEHALF OF CIRCUIT mE￿ING D.￿.....u&￿V£rfL

INOEPENDENT AUDrroirs REPORT TO THE TRUSTEES OF THE M￿HoDIST CIRCUIT OF ¢XOUCESTERSHIRE YEAR ENDED 31 AUGUST X122 Opinlon We hava audrted the fwncial stat￿Ents of The Methodist of Gb)ucesternhife (th• 'tharty'l for the year end8d 31 August the statement of financial a¢wths. the baknce sheeL the staterrnt of cash flows and the nrtes to the finanual ststernwts. I￿lUdIng a suThvnary of sbJnrfl¢ant accounting polic￿. rhe f￿an￿al reFth￿9 framth¥rrt that has been appl'ed in tsir w￿arat[On applicab￿ law and Unlgd KirvJdc¥n kcounkn.ng Stsndards. inchJdKvJ Fmanckql Reportmg Standar¢J 1¢Y2 Th$ Financial Report￿9 &arMlard appkable m the UK and Repubk of Ireland. (Unrted King￿M Generalty Accepted Accounting PradKel. In cvr Op￿10ft, th• financial Staterne￿.. give a tru8 and fair of the state of the ChWs aff8w$ as at 31 ￿￿USt arld of the Incoming resoure4s and appkKJn of resourees. induding ts incom• and •xpèndrture. ftw the year then ended., hove been propwty wepar¢d ￿ a(zordance ¥iti Unled Krydom Genernty AcceFrted Aeewnting PTaetKe. and have been prepred in wwdanc wththè requTemert5 ￿lhe Charl￿5 2011. 8a¥i¥ for opinio W8 have been appoirrted as audtOf5 under se¢kn 151 of thè Chwitr4s Ad 2011 arNI report in aecordance with rogukit•)ns made under secb)n 154 of that P£t W• ttjnduded our aud in accordance with Intemational &andards on Auditing IUKI IISAS IUKII and appkablo knT. Ow resFKJnsib¢I¢é￿S under those standards are fwther descnbed In the auditors iesponsibihbes for the audit of the fin￿r￿&I statements section of QUF Tepoft We are Midependerrt of the in acCorda￿e the dhul requiremènts th8t 8rè relmnt to our avdrt ofthe finanaal Staterne￿ in the UK inthdirvJ thè Financial Reporting Councils Ethical Standard. and have fijlfilkd our othei ethral reSponS￿lItIeS in at£¢ydance ￿ these requiremerrts. Wè believe that the audit ¢VMlence ¥￿ havè obts￿ed is sultyrt and appropriate to provmle a basi5 for our opinK¢n. Conclu•lon8 r•l•tlng to going concern In auditsng the financwl statwnenty w h•4è ￿nduded th the Trustees, use olthe COn￿M basis of accourtin9 in thè prp8rath)n ofthe fmarKial SlatW￿ aFpwke. Based on the work ￿ have perforn￿d. ¥￿ haw nLrt any material uncertairls reLqb"ng to events or ry>ndrth)ns that. IndNbJuaMy or collectith, nw cast Sb3nrfunt doubt on the Chwtys abilty to continue a$ a going ￿ncern for a of at least trIe￿e nw)rrths frrrtn Y+tsn the oTrJinal financAI statements were oUth￿sed for issue Our responsdrties and reswsJaties of the resp8d to goww c￿￿•M aro deraibed in the seclions ofthis rewl Th• trustéès are responsible for thè other Inf￿rnth. The other irrformation r¥mpri58S the inf0m￿tIOn Includ￿ ￿ the trustees, annual report cther than the financol ststemèrrts and our a￿rt0rf$ report thereon. Our opIn￿n on the financial slaterT￿lS do85 not c(Ner the olhor iftformatK)n an(l. except to the exient otherwise explicf(ty stated m our ièprf do express any th)mi of a$surar￿ condvsion there￿. In eonnocKJn wh our audrt of thè fmarKial statemems, ryjr resp)tsdty 15 to road th• oth•r inf0m￿"an and. in doing so, con5KJer whether the other nfornntion r6 matensty ￿con5￿tent wrth the financial statements w our knowledgè ot481F￿1 ￿ the audrt or Lrthemise appear5 to be materialty missted. If we identrfy such ￿￿terI i￿￿￿SL5t9nCleS or apparent materal mtsstatemerrts, ￿ are requwed to d¢temine whether there ra a M￿erIal m￿531￿Ment in the finanaal statements cff a rnateri81 mts5tatemènt of th& other 4nlormatwJn If, based on the work wé h￿e pwlDrmed, we ctmthde that there 15 a Thter*l misstat8m8nt ol thi% Lrth•r infoFmthn, aro requ￿e￿ to rewtthat Wè nothing to rewt in thts regard 16

INDEPENDENf AUIXTOWS REpoffr YEAR ENDED 31 AUGiIST 21)22 uirns us to rewt to YW bf. (Pr￿n. or have rethstic to do so. vrith regulalions made ur#Jw Sec￿ 154 ofthat Ad Our reBpMsMlity is to and exyw an c r qxnkn. RoascThi aSSLyan￿ is a level of lyjl a gu¥ant¢¢ aud FRS 1￿2 X)11". 17

INDEPENDENT AUtHroirs REPORT TO THE TRtISTEES OF THE MEfHOtMST CIRCUIT OF IXOIICESTERSHIRE YEAR ENDED 31 AUGUST 2022 As part of an audit in aC¢Ordan￿ voth ISAS IUKI, exerctso profess•)nal judgerrent and mawttain profe$SKJnal Seep￿¢M throughout the audL Vle also plann&J and perfom)ed audr< pio¢dures including.. Gaining an underanding ol the •nd rewlw fram￿￿1￿ and e4knKlerng the risk of any acts may ￿ ¢>)ntrary to appl￿ble ta￿ and r¢guktThrt. iKJding fraud. Obtaining an undwstanding of MI￿31 control rlovant to th8 audlt ￿ ordw to design •4Jit procedur•s that are •pproprAtè in the ucumthnegs. not for the purpose of axpressing an opinion on the effectNeness of the companls intemal contr EVahjat￿ of the apwowMt•rw of ae¢ourtww pokns the rOaS￿￿bne9S ol Making inquiries V+ilh ￿HnagaMent eonswJww of kwKwn LY suspert8d inrKes of non-¢￿￿lanCe Mth IM and f•gulabon and fraud. Tèsting journal entri85 and othèr adjUStn￿nts for apyorrnteness and WdW¥ig tho ritinale of any svJnffieantIran&￿l￿ outside the r￿)rMaL cx)u￿e ofthe charty's arAwth Ev8luaknn d the ￿[all present4M. strudY￿ and eonterrt of the fsnancral 5tsterrnts. including thè disclosures, and thether the financial ststeThrrts rwesent the Under￿n9 tr8nsXfvJns and events in a Inan￿[ that a¢hMes fair pYeserrtatK>n. Conclusion on the 8pprowBtsness of the dir£dors' uso of the going eorrkm b8sr6 of accounting and, based on the au¢Yrt èvidence obtsined. ￿•ther a mnal uncertainty exBts remed to events or condts)rts that may cast s￿D￿￿nI doubt on the c￿1￿￿￿￿$ 8tm.lty to continue as a going concom. Ifwe CO￿Ude that a merial uncertaffty e¥ are requyed to draw atterrtKJn In our audrtofs reF4)rt to the relat￿ di8ckJsures in the fina￿￿￿1 staternents or. if such dis¢k)sures are adeque. to nxjdtty our opft￿n. Our L%)n¢￿sKIn5 are bawJ on the audrt eVKlence obtsined up to the date ol our audrtorfs reFXt Hov•WW. fulum wents or ￿n￿rtionS may cause the eompany to Cease to contmu¢ a5 a 90ing ciyicem. There a￿ Inherent lJmations in the audrt procedures des¢xthd above W¢ tre ss likety to b•cm aware gf instaftss ol non-complran¢e wth and regulat￿rts that ￿ not ch)sely r￿ted to evénts and transacth)ns re)leded in the financol stste￿Dts. AJ50 the nsk of ¢Jetecting a material mr8Statement due to fraud B hvJhw than the rLsk of ncl detedry c¥)è fesulling from e￿￿. &s may ￿¥0￿e daltsrate ¢onceaknent by, for example, forgery OT tirtèntwl misr8F￿ese￿tatiOn5 Qr through collusion. We communThte with those charged wth goveman¢e reg¥dwvJ. arrnng ther matters, the plannéd Scope and timing of the audrt and S￿nif￿ant a(tdrt Incttmlwg any svjnfficanl doficiencles in interrl tr)ntrol that we idenbfy duruig our aud A fvrthef d8scriOion cl our resPo￿lb￿lI8S low the audit of the finarwl &aterrEnts is lo(zted on the Financwl RaF)rtmg Coun¢ffs %bse. This desttiprt￿ form5 part of our audrtofs report. Ue ofour report This report ts rMde solety to the Ch￿ty5 trii#¢e4 as a t<YJy. in aCwdan￿ the Charli¢s Art 2011. Our audrt VIr￿ ha5 been undertaken 50 that wè 51ate to the Chaws Intstees those matters we are TeqL¢ifsd to state to them in 8n audrtofs report and no olher purposè. To tha luNgSt extert permitted by law. w do ncl ￿pt ￿ asswne reSpons￿lIty to anyone thrthan the Charitys trustee5 as a bo(Py, for our audit for this report or forthe opirw)ns we havé lom￿￿. 2510512023 CheAenham. GL51 OUX

THE METHODIST CIRcurr OF GLCMXESTERSHIRE CIRCUIT STATEMENT OF FI•IANCIAL ACTMTIES YEAR ENDED 31 AUGUST 2012 Fund• FwKI• 2022 Fundb Tot•1 2021 INCOME 105,881 105.881 389.044 459.849 C￿rf•bIQ ¢tl¥ltl•• T25218 725218 752,737 752.737 pr￿ Incune Invesknent 1￿m8 31.OT2 31,on 2,342 134 4.814 T¢)tsl I￿orne 134 EXPENDrruRE R•l•iTVJ furn1• {5.441) {5.441) (4.8&3> (4.688) {40,5401 {1.085.1441 (40.540) r21.184) (4.175) (1.CW.319) {1.114.8rn (21,184) {1.114,8771 17 Net incom• I (?xp•ndtt￿) bolorn In¥••lm•nt gaim 164,$53 (4.11n 143.479 134 143.613 Notmo¥tyn•rt In fund• (411n 218.244 143A79 134 143.613 Fund•: 4.673.453 30.777 4,7042XI 4,529.461 31.1 4.580,e17 513 (513) 14 4 922A74

THE METHODIST CIRCU￿ OF OLOLf&8TERSHIRE CIRCUIT BALANCE SHEEr AT 31 AUGUST 2022 2022 2021 FIXED ASSETS Tangible assets Investmerrt propert￿$ 10 11 3.605,807 475.iKK) 4.080.807 3.6[￿,37• 417.192 4,023,563 CLIRRENT ASSErs Oebtors Cayh and cash •quivak7nts 12 681,784 208,135 889.919 585,879 722 758 708.637 CURRENT UABILMES Crediiors due wrthin one year 13 148.052) 127,9701 NEf CURREKf A&SETS 841,￿7 880.667 TOTAL NET ASs￿s 921474 4.704 FUNDS Unrestrirted funds Rèstricted ￿Trds 14 14 4.895.814 4.673,453 30.777 TOTAL FUNDS 4.704230 The notes on pages 24 to 35 fomi m olthe5e a(£ourts. The fin8ncral staten*nls were appro•Tht by th• Meeting and athns8d lor 63ue on ........... . ...... and swned on their behalf by. Swned". Print nane..

THE METHOOIST CIRcurr OF GL¢xKES￿IRE CIRCU￿ CASH FL(W4 STATEMENT YEAR ENDED 31 AUGUST 2022 20r 218344 143.613 10 1,018 (4.814) 12.342) (s7.￿) 195.9)5} 20.￿2 {149.(bJ2) 4,814 814 122.758 128.741 Cash tdanc4s at 31 Augu8t 119,762 88.3TJ li

THE METHOOIST CIRCUff OF GLOUCESTERSINRE NOTES TO THE ACCOU￿5 YEAR ENDED 31 AUGUST 2022 ACCOUNTING POUCIES The lollwng accpuntmg polw havg been aFpl￿d cons￿enty ui d￿kn9 with itemswhich are con8iderod matsrkryl in relat￿ tothè CwuJs fmancwl stst•ments. Th• finanLYal relalèto tho tthyk ofthe C¥oJ. rl al asped Ba81s of Pfew The financial statorrws have boon wyed undor the htstortsl cost Conv￿ N) x¢ordanc• with.. applicab￿ Unrted lQn9dcrfn A£courtir¥3 standa￿S., the Chty ConYnBSk)ri 'Wement of ReCcrfnM￿d Pradicé." Accounting and Rewting by Char wepanng their a¢counls in a¢¢ordance ￿ the Financial Reporting Standard applubk ￿ the UK and RepublK of Ireknd IFRS 1ff21 (Charit￿5 SORP FRS 11r2} and the Financial RepOrt￿g Stsndaryl applable in the Unted lQ"ngdom and Republic of Ifeland IFRS 1021 and thè Charities Ad 2011 The trust constutes a pubk benefrt entty as defffd by FRS 11YI The funclion•l curTency ofthe is FN)und Tkng (£1. Thg truste•s asttts hthether tho usè of gotro cJ)ncern È approwwtè. i.e. fiethèr th￿ are any ryterial uncerta￿tieS rekted to or cOndrt￿ns that may (xst a s￿nI￿nt dwbt ￿ the abdty ofthe Charty to continue as a going concwrn The trustees makè assessnnt in reSFd of one from the date of approval of the financial statemènt& In Ma￿n9 the cwrert yè8fs assessnrt the tr￿t•e9 hwe taken aLxount cgsh re$erves and Vdthble unrèstrirted fijnds 01 th• wnt of appwThJ the financial strtèments. revwed d8kn'W forecasts that tako account ol the anticwed ffnpact ol the Cofonavrus pandern￿ and consklered the Wdibilty end use of Govemrnnt supprf s￿h as staff fvrkjugh $Ch￿￿s. Thoro are inhwent Uncertalrrt￿ regarding the li￿e¢aSts, as the extent of the impart of the UK feeession on the Charty and the bèvels of future mming resourees. Hov•Er. the Charty ojntinues to receNe assessments from and be SUPFOrted the CiTtJJ¢s churchas and the tr4bStg&s havtr a reasonable eXpecat￿ that Ihe Charty wll have ad&4uè resources to continue oW8￿n for at baast 12 mnths from approval ofthw financkgl strt￿rtS. Con3èquenty. tru5te85 have coneknded th rt 15 aPWDprte to a¢Jopt the going con¢em basis prep8ring the annual ststemerts In ap￿￿n of the Ch￿S xThinting F￿Th$, the trustees are requirèd to make judgements, estinmtes and assumra￿S about the cwrying amowts of assets and habilths that are not Teadily apparent from other SOUT¢es. Th• esINT￿leS and assoC￿ted wurrptions are baséd on h￿Or￿al experpnce and other factors that are consKl•red to be rèlev8nt h£tual rèsuts may drflei from these ostrnales. The ostsrTtes and undertying a55urW)n5 are revwmed on an ongoing basB. The trust￿ have made Jutyments aNI ostirn in resped ot. tho tsir vabjè of twible assets: asset deprecb3tion r818s and the recoverabl￿ of detstor balances in pr•paring tsse financial Wements. IndNKlual th)nated Y￿d5 of a natLYe valued uThJer £5(M) such as harv•st f95tNal produ¢8 are not shown in these fwAancial Staten￿ts. Those tr¥Erthis alr￿nt or of a eap#l natur¢ are r￿dad. 22

MOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2022 Grnnl• •nO don•tlorn 23

THE METHODIST CIRCUIT OF (XOUCESTERs￿RE NOTES TO THE ACCOUPtrs YEAR ENDED 31 AUGUST 2022 AcCOU1￿l￿G POUCIES {cofttin In respect of ￿3S•S that ar¢ opwth'ThJ knases, tho annual r•rla15 ¥0 rec0grN￿ in the Stemwrt of Financial ActNths on a basks overthe l•ase temi Toxalk The Charty a regtstered tharty and Is ent￿ to dain annual ex•n from UK corwation tax to the extèrt that m¢ome and gaNis af8 app[￿ble and appld to ch&fitable PufF￿Se5 onty. IncorrE tax suffered on doèds ol covenarrt aThJ grft aJ or i& r8davned in Frxed assets are sho%￿ at C4)s1 to the Charty, thè •xceptth of the mans•s and other prop￿ assets These have b8en induded at c£)st rf pwtha5ed frc¥n thwd partss. ry if ieceNed from othèr Cffcuts. * thew carrying value from the t1onor. A5$￿S costng ￿ than £1,C((J are vntten off as revenue •xpendrture ￿ the year of ae4utsit￿n. Depre(yal￿n bs prowdod to off the cost or Yaluatp)n less the estirrow rnsidual val￿e of tang￿lIe ￿#d assets by equal inalments ovr ttw eStM￿ usefvl •cOn(yn￿ INes as youth￿.. Manses FrKtures, fth"n9s and e¢wiptYnt No d8preowJn ts wovKled freehokj buikjws. because of the e5tmaW hBh resvjual value and the consequent irTKnaterialty of any depr•al￿ chorye. Freehokl land 15 not dewead. Ftxed ass6t disposal pro¢eeds are reportod net of any levy payable lothè CPF. 25% per anwm on book vah Investmènt properties are init¢lty recogntsèd at C05t and subsequeÈty at tsir Iha ropoth.ng date. Deprec•t￿n is not PTowded on inVesti￿nt wopthty. D•lAors Trade and othw detrtors ar8 recc4Jnts8d al the •))ourt d￿. Fepaynwrts are roC09n￿od * the invoKed ￿ prepa#Y. C••h at bank •nd In hand Cash at bank and hend th￿￿KIeS cash arvj shryt temi h•3hty fft¥•sbMents with a short maturty ol three Mc￿th5 or less trom the d of acquis1￿n (K QP8ning of the deposrt or similar actount and r>alances hekl by third p¥is of bthall ofthe thariy. Credttor¥ Creditor5 •re recogntsed kn th8 ChaTty has a present oblKJatK)n resuking from a past event that will probabty result in thè transfer of funds to a thwd pwty and the anK*unt du¢ to sdtk the obligation can be mèasured ty estimated r•habty. Credrt¢xs are nonnaly at ther Settl￿Ont arno￿1 after alowTrng for any tradé dLscounts due. 24

IIOTES TO THE Accoupirs YEAR ENDED 31 AUGUST 2022 Tfu8tetrts. 6% of 8aknry. PROPERf( INCOME T¢M•l Total 2021

THE METHOOIST CIRCVIT OF I￿oU¢E8TERSTrORE NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2022 INVESTMENT INCOME T(al 2022 Total 8ank irterast r8ceNod 2.284 COST OF RAISING FUNDS Property Costs CHARITABLE EXPENDTfuRE T(#l T(al 2021 Stipènds. salan8s and expenses M8n$e costs Gr)t5 Distrbrt assessments DistrKt a¢fvance ￿nd Other costs D8preth"on Audit. accoufttsn￿ and thr fees Office, communtstbJn5 8nd (ther costs 585,168 585,188 618,193 52.534 21.184 1fj6,291 15.520 15,520 166,568 13.312 214.419 168.SS8 13.312 214.419 169,326 1.019 47,209 13.986 13.986 52.997 Oonations T<rtal 2022 40.540 1.089.319 1 129859 T<•1 2021 1114877 AR the suppJrt CX)sts incurred ty the Chanty induded vi the above note and have teen aloeated lo Charitab￿ athitWs as rAho1 are inud8rtal to thé ruMiThJ ofthe Charity. During thè yègr £15,$20 {2￿21." £29.3541 Lrf grarts w8r8 made to i1stitutiMs. Other than to assist in extemal training. no warrts ￿ra made to indNKJua15. Grants made in n the year to 31 August we anatysed bebw. 2021 Assessmert suppc¥t Church outreach Olher 500 14,891 5.793 15,326 194 Support Costs associatod ¥Mth grant Thoklig actpllies are not separablè frL*nthè core aththes ofthe Circu and are not disclosed on this basi 26

NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGitsf 2022 STAFF CCtsTS 2022 SliperKI8 aThJ J 486.876 89.246 6.017 .054 87.7 5,151 35.319 5&5.168 Nwnb•r 2022 13 lknb•r 2021 13 18 18 DyriThJ the yw OXF￿￿$ ware rein1M￿ to Trust￿ £18.910 (2021.. £10.103) in respecl of trthT•llry t¥p￿￿e5 £10,016 (2021. £18.3531 li of Costs. hjl expe￿ we the c11￿1t is wK*NJo0 in Note 20. NEf IAOVEMEiif111 FUNDS 2022 2021 1.019 3.873 27

THE MeTHODIST CIRCUff OF GLOuCESTERS￿RE NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2022 10 TANQIBLE ASS￿$ Flxturts, ttirva •nd equipiwit TrAal As at 1 Seoember 2021 As at 31 August 2￿ 13207 3,618,522 3 616 522 As at 1 Sèptenthr 2Q1 Charge ft>rthe yéar As at 31 August 2tr22 10.151 764 10,151 Net Book Vu• As at 31 AUg￿t 2021 3.603 315 As at 1 September 2022 3.eA)3.315 11 INVESTMEKf PROPERTIE8 La￿1 and Ilthng• Falr Value As at 1 September 21r21 RovaluatKsn in y•8r As at 31 August 2 417.1W2 The trustees detennine the fair of mv•strrnt to be as shcth￿ in the flnancial state￿nI& The Circurt has used a yofess￿naty qualfvd vabm to assist detem1￿t￿ of Ihe investm•nt Should Investmènt Frfopert￿5 be reahsed. the Clr¢ut wll ￿VIeS to thè TMCP tsefr￿ receyt of sa proceeds Is otlained. 12 DEBTORS 2022 Other deLrtors and prepayrynts Central Finance Board and TFUStees for ethodist Chur¢h Pfoperty deposit5 33.542 fj2.335 585.879 13 CREDITORS DUE W￿H1N ONE YEAR 2021 Purchase *f1g Olher credrtors and acm 20,684 48.052

NOTES TO THE ACCOUNTS YEAR EMDED 31 AUGUST 2022 14 ANALYSIS OF CHARrrABLE FUMDS Cwr•nt yMr. Balanm at 31 AuguBt 2022 2021 Prcoerty nd6 MTF 294.155 151,W .870 {176,5 (80,C￿> 498,239 192.8tr2 1.1WJ61 1131 12 137,808 tl••lgnat•d luDd• CF8 ccdnmitted fu 1.295.678 CFB- The Rdi8f FLmd TMCP. Dethin Tntst TMCP. Marshom Tnt ThICP. lawiel Brocs Th4CP. Kwnert 267 13 (4.173) 1.119 TMCP- Mp4 M8intenance 4,674 4.883 4.17 4.7042J) 57.8Ce

THE METHOI)IST CIRcuif OF GLOUCESTERSHIRE NOTES TOTHE ACCOUMFS YEAR ENDEO 31 AUGUST 2022 14 ANALYSIS OF CHARThA8LE FIJNDS {conOTru Ba•n¢e at 10•ges and 31 Awust 2021 Bala￿ at 2020 151.4491 4,469.￿27 203 826 4 673 453 un￿strICted 4,377.7e6 1.284,057 {1.140.747) 513 Tot•1 unrejtrlc 1 140 747 513 1.284.￿0 {1.1410.7471 4.704,230 Tc•l funds 4.560.617 15 ANALYSIS OF NET ASs￿s BETWEEN FUNDS cirG￿t fufids afe tri: Trtl fund• funds 4,080.607 207.716 519,434 114,717 4,9r2,474 Tangible frxed ass Cash at bank and in hand UnTeStrKtsd TMCP Funds Roslnctéd TMCP Fwids and thr net ¢>Jffwft •ssets 4,080,e07 198.071 519,434 97.702 4.8￿,614 9,645 17,015 16 DESIONATED FUNDS l)¢tats of deS￿nated funds we ¥s folthvs". Plor￿nn9 Mmtsty {Inn5wowth ProJei Fund) Forthe Supr￿ ofts DexNTr's th in IMs¥K¥th & Stone MissN)n Bursary ISI Lukes) A bursary fund pnrrWri￿ for young going to do Christkqn mission work overso8s. Sd up thh funds the salo proceeds of St Luke's church in Gloueester. As$esyTrt Support QLbinquonnial costs FNthe Quinquenni81 Insp•rtKM)s of CJ"rcurt Manses and Church8s. RekncatKJn IrerTTha16 reserve) To co￿[ Costs of Minsters rewtry to the Cw(JJ Committed Prcpds Fund To, rrAmty. fA)¥o the co$ ol BUd￿l Support and mi5sional Lay Employn stipend Fund Pre5umabty to supwt for mtst•is

THE IIIETHofxsT CIRCUIT OF ￿oUcESTERS IIOTES TO THE ACCOUMrJ YEAR ENDED 31 AUGUST 20f2 17 AESTRMD FUMDS Th• R•lefFund 2022 Expiry date: hkn 1 year 25.245 26,4(X) 23,6XI 17,0 OPERATIIKJ LEASES_ LESSEE 2022 2021 Ewry date". Wth"n 1 yo•r 3.673 31

THE METHODIST CIRCUIT OF GLOVCESTER￿RE NOTES TO THE ACCOUTr￿8 YEAR ENDED 31 AiI(XK8T RELATED PARTY TRANSAcfioNS Mini¥tefS stip•nds and allowan￿$ for wostyters aThJ dtraeons IcLknty are s8t annually by the Methodist C(snfeTen¢e, and the C¥uJ)t is fespons ts m88tmg thc6e for 811 mw)tstef5 appowrted by the Conferènce to Circu Thè following ministws receprtl the ba￿ Sti￿d1£25.524 Cf TXO vknre •pPl￿ble}. Revd John Heltyer Rewd Amthew B¥Jgs Rd Naomi Cooke Rw'd Denrsa Hargrea￿S Revd Rachel HoFe R￿d Mthele IToland Rèvd John lQn R8Vd Rachd Leath Rewd Dr John M¢Neill (Suprinten￿) (Dwty &perNrtendgrt1 (Part-time 0.5 FfE) Deawi Sue Peat Revd Noel Sharp Revd Phth SumrT Ra￿d w￿dY Tucker R•Vd Jayne Webb {Part-bme 0.33 FfE) (Deputy Swrwtsndenti Minister appowknrtswlh a part￿￿'r￿ stw)d' ba￿ app)HrtrYrt Both arn Suwmum¢rary Ministers. Rev'd Marbn Turner Chelenh4m lth¥ddon) LEP Revd DavJ lQ'ng Nth%nt st Marfs LEP (From May 20181 rt fr￿1 R•/ds Kirrt and Sh￿. aH prov¥Jed fving ac£crf￿ as required by the thurch's standing Orders. In addthn to th• bawc thpend. Sutwirt•ndent paid th• MethLwJtst Confererce standard super￿lend￿nt'S alnwance1£2592. or wo rata where applub￿l. Othor minLSters are res￿￿rt n the Circul thfr purFO5es of Ihe Mdhodtst stat¥)ns, but n¢ in Cirr)Jit appointmènts or ￿out apwirrtment Fnay alx* be members of Ihe Cwcurt Assemb￿ rf they notfy thè Superintend•rt, but thj nrA ¥e¢ÈNe ￿T￿nt or ac¢£￿￿￿￿atiOn tr￿n the Circu¢ excW lor prea¢h#)g fees and Tekted expens Of the Local Pi8achers' representatN•S who ate members of thè Cwcuit Assembty. onty tr￿1 and other expenses related to fulfilling their preaching appoinlmerts are paid. 32

THE METHODIST ¢IRcurr OF GL(MKESTER8MRE NOT&8 TO THE ACCtXIMTS YEAR ENDED 31 AUGUST 2022 es iThJK*ted. Adrnlnl•tratort chU￿h B••ad Worft•rn Jule BvJ9J ++ Parttirm PAr4dy L88dw. Tellxvy13 I wL} Clalr Pross•r

THE METIK)DIST CIRCUIT OF GLOiICESTERSHIRE NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGusf 2022 APPENDIX 1.. LIST OF TRUSTEES 2021122 Note." Som T[￿lee5 are Trustees in ThKJrethan one cap. but onty one vote per person is permlled. Mlnl•ters: Androw 8￿9$ John Heltyer" John K Sué Péat" Wendy Tuc D•Tr￿ Hargr•av•s Mthe1￿ Ireland. John McNeill Phl Summè ynè Wetil" Rac1￿ Hope Rachel Leath Nog1 Shgtp Martin Tumer mi• Russ•18ukny (to I￿￿hael Haine5 Lil Ledger Col"n Pascoe lfr(¥n Mar ￿) Andv Ri(ell Le51ey Ward hw Hain•s Sue Peat Pete Watt (Plus asterisked mhiistws in thè wevbxts to, or had Part￿ulaT respon5thditi8s on. tho Circub1 Ex￿ut￿o). Addth"onal trust8as ¥w&111 cthw ¢tr¢uit olll¢ws. DtslrKt Syrtt)d repwntatNes, and a lay worker whLyn tho Assembty aPpo￿rted as trustees on an ex offiuo basis. or tecause they v￿e urcubt off￿eTs vkno took up the optpjn of t¢ing a true and merrknr of the A55wrOty, {21 Supemumerary rnini5ters or ￿nisterS in olher appoinknnenks ￿thiF} thè Cweurt took up thè 0￿ft of bèmg a truslèè #nd m•mbw of thtr Ass8nty.131 Church 0￿d representatNes,' and14) L(Kal Preacher ele(￿ representstNes. They are as folhThs". appolnte•J In anr*h•r cwtyl: John Bailey Peter Gardner Graham Marsh Sue ClarkA Salty Ham Stuart Radlc¢d Brian Coc Celia Kyjd Mike Haines Jack￿ Morr Lesley Ward Lo Lédgèr Kerth Long Ken Bufgin Jule BpJgs (21 Supwnunw•ry arnT￿￿ {0thor in an¢Alw rol•l: Diane D8jryTh￿d Mawh"n Tur Robbie Rbjde Ceha KpJd

THE MEfHODIST CIRCUIT OF GLCXKESTERSH YEAR ENDED 31 AU¢YJST 21)22 Inthrates tspwt yeao P•ter Styth Aylbwlon Bai Er#1 Bishop4 Ckn¥8 Chalfcd Hil Churttth Al￿ Thoma$ CoaP&y Drybror Chjrs EnMI N(hm Pam Ha￿01￿ Salty Hai Ken Bww• Fa¥tsd Me Hav￿ P8t•r Hilb8r l Tu¢er RKwd Cl•ke * MAn Trwjg * c￿1$ L• Lyrth Kear edge Tetbury PK?a Turrnr Juh M•y * Trevor UFts> Reg Clwka 35

THE M￿HOulST CIRCUIT OF GLOUCESTERSfrTrE NOTES TO THE ACCOUNTS YEAR ENDED 31 AUGUST 2022 APPENDIX 1: UST OF TRUSTEES 202(¥211(xMrfinued) 141 Local Pr•h•Y ete(ed Repre￿￿ (up 10 Trxnln••ts • allowod) (¢Aher than Truste 1190 app￿nted in anothw c4p*#tyl. PoterAIsopp Adek Gamer John BeN Nel (knian Ann Pearc8