Wey Valley Methodist Circuit WEY VALLEY METHODIST CIRCUIT TRUSTEES, REPORT & FINANCIAL STATEMENTS To 31StAugust 2022 Adminlstrative Informatlon Wey Valley Methodlst Circult ¢onslsts of 13 churches, from Walton-on-Thames in the north to Cranleigh In the 50Uth. The Circult is a registered charity number 1137300. The full correspondence addresses of the 13 churches in the Circult are: Addlestone Methodist Church, 71 Station Road, Addlestone, Surrey, KT15 2AR Byfieet Methodist Church, Rectory Lane, Byfieet, Surrey, KT14 7LL Cranleigh Methodlst Church, 188 Hl8h Street, Cranlelgh, Surrey, GU6 8RL Godalmlng Unlted Church, Bridge Road, Godalmin& Surrey, GU7 3DU Guildford Methodist Church, at St Mary's, Quarry Street, Guildford, Surreyi GUI 3UP Knaphlll Methodlst Church, Broadway, Knaphlll, Surrey, GU212DR Merrow Methodlst Church, Bushy Hlll Drive, Guildford, Surrey, GUI 2SH St Michael's Ecumenical Church, Dartmouth Avenue, Sheerwater, Woking, Surrey, GU215PJ Stoughton Methodist Church, Stoughton Road, Gulldford, Surrey, GU2 9PT Walton-on-Thames Methodlst Church, Terrace Road, Walton-on-Thames, Surrey, Kr12 2SR West Horsley Methodist Church, 97 The St￿et, West Horsley, Surrey, Kr24 6DD Weybrld8e Methodist Church, Heath Road, Weybridge, Surrey, Kr13 8TB Trinity Methodlst Church, Brewery Road, Wokin& Surrey, GU214LH The full correspondence addresses of the six manses in the Clrcuit are: 8 Eastgate Gardens, Guildford, Surrey, GUI 4AZ Epworth, Charterhouse Road, Godalmln& Surrey, GU7 2AL 72 Collingwood Crescent, Boxgrove Estate, Gulldford, GUI 2PF 48 Lane End Drlve, Knaphlll, Surrey, GU212QG 2 Clements Road, Walton-on-Thames, Surrey, KT12 3LY 36 Woodham Road, Wokln& Surrey, GU214DP Correspondence for the Clrcuit should be addressed to the Superintendent Minlster or the Circult Admlnlstrator, Ms Sue Howson, Circuit Office, Merrow Methodist Church, Bushy Hill Drive, GUI 2SH, email.. circuito￿1Ce we valle circuit.or Cir¢ult Meetlng Member51Managing Trustees) Clrtult Meetlng membership is made up of the mlnlsterial team, supernumerary mlni5ters, Circuit officer5, and representatives from the churches. Guldance on procedure and membership Is taken from the Methodist Church Constitutlonal Practice and Discipline and the Circuit Constitution. Cholr- Superlntendent Minister, Rev Keith Becklngham (Retlred August 20221, Rev Dr Paul Glass Uolned September 2022) Secretory - Loulse Steele Ministers-Rev Davld Faulkner, Rev Sydney Samuel Lake, Rev Sam Funnell, Rev Adam Payne, Rev George Kwasi Quarm Supernumerary Minlsters - Rev Canon Robert Cotton, Rev Claire Hargreaves, Rev Peter Hills, Rev Barrie Tabraham, RevJ Allan Taylor. Circuit Stewards - Philip Beastall (stepped down August 20221, Helen Belsham, Nlgel Camplon- Smith (joined March 20221, David Lander, Jean Normlngton Carole Steele {stÈpped down August 20221, David Paterson, Linda Weedon. Property Secretary- vacancy Local Preochers and Worship Leoder5 Secretary- Hillary Becklngham Iretlred Nov 20211,Rosemary Lee tioined September 2022) Safeguarding Offlcer- Margaret Woolcock Loy Worker (CircultAppointed Voluntt7ry Pastoral Assistont) Eileen Macdonald Lay Worker Representative Alllson Jack50n Church Repre5entatlves: Addlestone Fred Rowe, Celia Klm-ford Byfleet- Pamela Bailey, John Bailey (stepped down August 20221, Vaughan Starkey, Cranleigh Adrlaan Berrevoets, Glend3 Sewell Idled July12022} Godalmlng Margaret Ireland, Julle Rowlin& Alan Steele Gulldford Andrea Camplon-smith, Mlchael Lee Knaphill Lynda Shore, Llnda Todd Merrow- Hu8h Bradley (stepped down Au8USt 20221, Lyn McKay (Retired Sept 20211, Julie Wallls St Mlchael's Sheerwater- Naoml Belll Iprevlously Belli Borovlckal, Peter Francis Stoughton - Carole Steele, Llnda Macbeth (joined October 20221 Walton-on-Thames- Duncan Curtls, Ro55 Richardson West Horsley Margaret Faulkner, Weybrld8e- Robert Lewls, Carol Smith Trinity, Woking John Ne150n, Jean Normington, Sue Waddell Reps to Synod.. Phillp Beastall{Stepped down September 20211, Helen Belsham, Duncan Curt15 (Stepped down September 20211, Margaret Faulkner, John Nelson, Carole Steelel stepped down September 20211, Linda Weedon. Number of Members in Circuit The membershlp figures for each church are those returned as at l November 2021. (In brackets are the membership fi8ures for each church returned a5 at l November 20201. Addlestone Methodlst Church Byfleet Methodist Church Cranlel8h Methodist Church Godalmlng Unlted Church Gulldford Methodist Church {St Marls) Knaphlll Methodlst Church Merrow Methodist Church St Mlchael's Ecumenlcal Church, Sheerwater Stoughton Methodist Church Walton-on-Thames Methodlst Church West Horsley Methodlst Church Weybridge Methodist Church Trinlty Methodist Church, Woklng 17 {191 52 (591 45 1451 133 11341 37 1381 67 1721 66 {691 20 1211 22 {271 62 1651 14 1141 28 1261 119 11211 PUBLIC BENEFIT STATEMENT The trustees conflrm that they have complied with thelr duty to have regard to the Charlty Commlsslon 8uldance on publlc benefit. Aims and Or8anlsation The Wey Valley Methodist Circuit formatlon was approved by the Methodist Conference in July 2016. Underthe ausplces and governance of the Methodlst Church It has Its own constitutlon, Oversight of the clrcult is exercised through the Chalr of the Southeast Distrlct of the Methodlst Church. Clrcult Mlsslon Statement: The Clrcuit commit5 to lead and support local churches In releaslng the 8lfts of the Holy Spirit to allow modelllng of Christ-like lives, so that the 8ood new5 of God's love can be wltnessed In all areas of worship, fellowship and outreach. We aim to do thls by: Supportlng opportunltles for worshlp and faith sharln8. Encoura8lng sharlng of 81fts - both talents and materlal resources. Promoting the passin8 on of experlence In all areas of church Ilfe through resource group5. Facilitatlng training. Mlnlsters work a5 a team with pastoral char8e of independent section5. They meet regularly for support and prayer, and regularly wlth lay members of the leadership team for strategic plannin8 and updates on developments around Circuit business. Communication is facilitated throu8h the quarterly Circult newsletter, the Circuit website and the Clrcult Annual Report. The followlng are Trust activities as approved by the Circuit Meeting: To Increase awareness of God's presence and to celebrate God's love through the prov15ion of regular public acts of worshlp open to members of the church and non- members allke The teaching of Chrlstlanlty through sermons, courses and small groups to encourage growth and learning through mutual support and care Develop an attltude of service that enables members to stand alongslde those In need Promote actlvltles that create opportunltles for others to explore Christianlty b) d) Objectlves for 2022/23.. Help all Circuit leaders to Use thelr partlcular glfts In the life of the Circuit, Explore opportunltles of employin8 lay workers to asslst with speclfic areas of church life, Encourage and assist all churches to focus on mlsslon In new and Imaglnatlve ways. Make connectlons between churches facing slmllar15sues, challenges, and opportunltles. Contlnue to develop an atmosphere of open trusted communication across the Clrcult and churches. Provlde a range of relevant and acce55ible tralnlng. Help all circuit churches to celebrate the ethos of Methodlsm, particularly the open, Inclusive and connexlonal approach. Contlnue to develop a flve-year Strategic Staffln8 Plan and revlew manse provlslon In the 118ht of thls. Revlew ot Pro8ress and Achlevements 2021122 In the Methodist Church the Clrcult Is the primary unit In which Local Churches express and experlence their interconnexion in the Body of Chrlst, for purposes of mlsslon, mutual encouragement and help" (from The Constltutional Practice ond Discipline of The Methodlst Church} To this end the leadershlp team continues to encourage interaction of churches in the Wey Valley Circuit. The Strategic Staffing Plan remalns flexible. With our Superintendent taking early retlrement In summer 2022, we entered stationing a8aln and were very fortunate in securing his replacement, Rev Dr Paul Glass, from September 2022. Rev Dave Faulkner Is movSng from the Clrcuit in summer 2023 and wlll not be replaced as a Clrcult mlnlster. Plans are currently beln8 made to cover hls work and responsSblllties. As churches across the Circuit have emerged from the Covld-19 pandemic a number of issues have been faced Including contlnued onllne di8ltal means of accessing worship, the removal of restrictlons in churches and the slow recovery of booking5 and lets back to pre-pandemic levels whlch continues to be an issue for some churches in the Clrcult. The Clrcuit continues wlth a weekly pastoral letter and home sheets for worshlp. The Clrcult Is aware that although the financial situatlon of the CircuSt has Improved there are still slgnlficant financlal Issues that need to be addressed partly as a result of the uncertainty caused by the COVID vlrus. The Clrcult Is preparlng to reassess its freeze on 8rants except for emergencv purposes durlng thls financlal year. At its meeting in September 2021 the Circuit agreed to contrlbijte a grant of £40,000 to contlnue the Methodlst Ministers Pension Fund. Pressure on the Clrcult preachlng plan has led to the continulng need for local arran8ements for the conduct of worshlp servlces and new methods of dellvering sermons for worshlp are being experimented wlth. The Flnance, Mlssion, Property, Worshlp and Safeguardin8 resource groups contlnued to operate successfully, with an Increasing number of face-to-face meetlngs. The Youth and Chlldren's Work and Communicatlons Broups dld not meet but recelve regular elertronic updates. Started In September 2018, The Bl8 Read contlnued to encourage and support participatlon In long-term att of worshlp by readln8 the Bible from coverto cover one chapter a day. It was f5nallv completed on 2 December 2021 and we belleve it gave comfort as together we read regularly throughoutthe early days of the pandemlc and the varlous lockdowns-sltuatlons we never dreamt of when we be8an back in 2018. Tralnln8 has been offered to all churches, mlnlsters and lay workers, Including face-to-face and online training. These have Included the areas of safe8uardin8, food hygiene, and EDI. The mlnlsters are supported by their own monthly meetlng5, supervlslon on a regular as required basls, and by the regular meetln8s of the Clrcuit Leadershlp team. Agaln, the pandemlc meant that adaptations to the usual arrangements were needed wlth the use of Zoom, FaceTlme, etc being employed. There Is a Cantonese-speakln8 Methodlst congre8atlon at Wokln& Trlnity whlch has benefited from recent wave5 of immigration and has doubled In slze over an el8hteen-month period. There is another Chinese congregatlon meeting at Merrow Methodlst Church, There are a range of successful range of outreach actlvlties across the Circuit, Includin8 a well-used baby bank at Cranlel8h, Clothes4U at Knaphlll and since February 2022 a weekly Vlgll for peace In Ukralne at St Marfs, Guildford. There are many other impressive examples of the churches of the Circult servln8 the communitles In whlch they are set. The Clrcuit's quarterly ma8azine, The Wey Forward, contlnued to be a key tool of communicatlon within the Circuit. Hard copies were agaln distrlbuted post pandemlc, with downloadable pdfs available vla the Clrcult's webslte. The website www.weyvalleyclrcuit.org.uk provided informatlon on the Ilfe of the Clrcuit and its churches to both those Involved and the general publlc. The quarterly preachlng plan contlnued to be avallable here too. To provlde full admlnlstratlve support for the Clrcult, the Circult Administratlon Offl¢er and PA to the Superlntendent, continued workin8 flve mornln8s a week, wSth three of these mornings working from home. The Clrcuit also employs a part time {5.25 hours per weekl Safeguardln8 Admlnlstrator, based at Walton, who meets perlodically with the Clrcuit Safe8uarding Officer, and the Asslstant Circult Safeguardin8 Offlcer. Th15 Clrcult Safeguarding Team meets wlth the Superlntendent Mlnlster and the Distrlct Safe8uarding Officer as requlred. The local Church Safeguardlng Officers meet every slx months with the Clrcuit Safeguarding Team. The Safeguardln8 Team are asslsted bythe Superintendent Mlnister and Dlstrlct staff in keeplng DBS checks current. Fundraislng The Clrcuit is a flnanclally stable and viable charity. As such, we do not rely on publlc fundraising to balance our budget. We do appeal occasionally, vla In the Individual churches in our circuit, for additlonal funds to provide mi55ion outreaches and to respond to local and worldwlde dlsasters. We are mindful of the provlslons of the Charltles (Protectlon and Social Investment) Act 2016 and we are guided by the Charity Commlsslon publlcatlon 'Charlty fundraisin8.' a guide to trustee dutles ICC20) and the Code of Fundralslng practice. Approach tofundraising We always ensure that our fundralsing Is always legal, open; honest, respectful and accountable. We treat our potential donors honestly and decently, glvingthem the information, they need to make an informed cholce about thelr givin8. Where fundraising takes place, we are aware of how fundralsing Is belng delivered; we know who is making the ask,. we know what rlsks there are from any fundralslng activlty; monltor if any complalnts that are made about the fundraising practice,. and we use our complaints pollcy to deal with any Issues. Working with, and oversight of, any commercial participators/professional fundraisers We do not work with commercial partners forthe benefit of the circuit. We do however, support local and national charities. Fundraising conforming to recognised standards As a Clrcuit, we ensure that Charlty legislation is regularly revlewed and updated. We stay up to date with the latest developments in the13w and Code of Fundraising Practice through resources provlded by the Methodlst Church of Great Britain and through our audltors. Monitoring offundralslng carried out on behalf of the Circuit All fundralslng activity of significance must be approved by the Clrcuit meeting (attended by all trustees) and all other by the Circuit Leadership meetlng. Fundraising complaints Complaints wlll be dealt with through the Circuit Complaints Pollcy. None have been received. Our commitment As a Circult we are committed to ensure that: We provlde protectlon to the public, including vulnerable people, from unreasonable Intrusive or persistent fundraislng approaches, and undue pressure to donate. We as a charlty wlll adhere to ethlcal fundralsin8 processes in line wlth the Charlty Commission's Charityfundraislng: a guide to trustee dutles {CC20). Financlal Reports and Schedules Wey Valley Clrcult Reserves Pollcy The Wey Valley Clrcuit is part of the Methodlst Church Re8iStered Charlty no 1132208. The Methodist Church Is divided Into 30 Dlstrirts and each District Is divided Into Circubts. The Wey Valley Circult is part of the Southeast Dlstrltt and has responslbllSty for 13 Methodlst churches. The Clrcuit has five prlmary goals: l. To ensure that all churches under Its control have the correct governance structures In place as prescrlbed by the Methodlst Church in Great Brltaln standln8 orders and the Charities Commlsslon. 2. To appolnt and allocate mlnlster(s) to the Circuit, within its flnanclal capabllitles, and then allocate pastoral care of the 13 local churches to each of Its appointed mlnlsters. Where there are Insufficlent mln5sters to provlde the requlred 5ervlces that suitably quallfied lay volunteers are In place. 3. To provlde servlced houslng for all appointed mlnisters in accordance with standlng orders guldance. 4. To provlde leadershlp and dlrection for churches to facllltate brln8lng members of the churches wlthln the Circuit into a deeper fellowship with Christ. 5. To mana8e funds built up over time due to sale of Churches, manses, donatlons and the like. These funds where they exceed the reserve Ilmits wlll be made avaSlable for allo¢ation to churches, on receipt of an approved appllcatlon, to fund repairs and projects at a church level. The Circuit receives Its income from the churches who contribute a flxed quarterly amount, thelr assessment, which is determlned annually based on fattors including the size of the church and its abllFty to pay, The Clrcuit draws up a budget annually which estimates the level of expendlture expected in the following year. The Clr¢uit has three maln areas of expense: l. Payment of Mlnlsterlal stlpends. 2. Payment of servlces, rates and repairs on the houses allocated to mlnisters. 3. Payment of lay staff members and office costs relatingto the Circult Office. To achleve Its objettives the Circuit needs to ensure that It has sufficSent funds to Cover the minlsterial stipends, minlsterial housing costs and Clrcult offlce costs so it can continue to provide the local churches with the ministerlal staff to ensure that local churches can continue to Serve thelr local community. As the Circults Income Is paid quarterly by each church the requirement for each church to hold sufficlent reserves to cover their runnin8 Costs and Clrcuit assessment Is a key part of the reservlng pollcy. Mindful of our Bibllcal responsiblllty not to hoard It Is Important that this be balanced wlth a sense that we need to be forward looklng and plan for known events and responslbility for others Ilncluding employees} is important. So the Circult has set in place a policy for churches to hold 6 months, runnln8 and assessment costs In reserves. During the year under revlew all churches were able to adhere to thls pollcyi however, some have been forced to reduce reserves due to falllng income levels whlch are seen as short-term due to Covid. At a Clrcuit level we have a reserves policy which requlres us to hold 6 months, reserves of the prevlous years runnlng costs adjusted for any new known expendlture or adjusted for any one-off expenditure items In the prevlous year. The Clrcult is currently complylng with thls policy. Where churches are stru881ing to meet Its assessment, the circuit will reserve a further 6 months of that church's assessment. OveNiew of reserves and expendlture 2022 270255 2021 352,651 Change 182,396) Reserves excludlng Property Yearly Expenses Expense cover in reserves 436,232 0.62 times 441,559 0.80tlmes 15,327) The Circuit has reserves In excess to meet the Reserve Requirements of 6 months. The Clrcult has not been made aware of any churches that wlll default on thelr current assessments. Flnancial Strategy The financlal strate8y of the Clrcult is driven by the overall mission alms. Speclflcally, we alm to: Support the ongoing actlvltles of Clrcult churches by provlding flnanclal asslstance where needed to address urgent issues that are restrlttlng or threatenln8 the continuan¢e of actlvities. Provide adequate reserves to cover the obligatlons of the Circult whi15t providing stabllity In the Indlvidual church contributions to the overall cost. In line with guldance, as described above, we are alming to hold 3 8eneral reserve representlng 6 months, expenditure. A5 the sl8nificant sums currently held by the Clrcult are designated for specific project5 or to cover for planned changes, the Investrnent pollcy is for low rlsk and funds are held In cash. The Unrestrlcted Funds are comprised of: Deslgnated Funds £9,695 Funds represented by Illiquid fixed assets £4,785,WO Free Reserves £260 560 Total Funds £5,Q55,255 io Anandal Inforniatk¥n After recordln8 a deflclt {includlng grants allocated) for several years. the Circult Is now budgetlng for a Small deficlt for the year to 31 August 2023 and almingfor a modest surplus for the followln8 year, during whlch there wlll be a slgnfficant reductlon In costs reflectlng a reductlon In the level of mlnisterlal staffln& The financlal statements are below. These Include the fnanses whlch are held in the Clrcult accounts under a re5pon51blllty dele8ated from the Trustees for Methodlst Church Purposes {TMCP) from whom approval must be sou8ht when dlsposal or 5hort-term rental Is recommended by the arcult Meetlng. Methodist propertles oriBlnally held in a varlety of trusts were transferred to TMCP by an Art of Parliament. Approved bythe trustees on and slgned on their behalf by: Rev Paul Glass Chalr of the TNstees li CIRCUIT A¢¢ruals ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS WEY VALLEY METHODIST FOR THE YEAR ENDED 31 AUGUST 2022 SOUTH EAST Dl8trlct Clr¢ult no 3606 R•glst•Y•d Charlty- Chorlty Rog18trotlon nUM￿r 11373 If not g regl8lered charfty Her Majestys Rev•nue and Custom¥ Glft Ald numbor (Thè HMRC number is equlvalent to a r8gistergd ¢harity number in tsm18 of evidence of charitable statUB and may be used to give lo donors or grant funders ¥￿shIng lo see ewdence of tha organi8alion.s chadlable Status. Melhodl81 ¢haTikne8 in England and Wales that 8ie not r￿ls1&re￿ Chaiilies are eXChpl￿ ffom regislrallon under Stslutory Instrument 2014 No.2421 Minlslers.. Rev Kellh BeckinAh8m David Faulkner Rev Samantha Funn911 Rov Adam P8yn.è Rev Barrle Tabraham Rev Pèter Hi118 Clrcurt Stewards.. Mr8 Linda Weedon Mrs Helen Belsham Mr Davld Lander Tr8a$urer'. Mr David P8ler8on 2015 c4r¢￿RY￿P.X Wey Valloy Methodlst Circu Trustees. responslbllities ststsment Year to 31st August 2022 The thJdo8$xre ra6pon8lble ftsrprnparing the Twsteg$' Annual R8port and the finan¢i818tatgments In g¢conJancg wth appll(able law and Unlt¢d lfjngdom A￿oUn￿n9 Stsndard8 {Unltèd Kingdom Gene￿IlY A¢¢eptod Accounllng Pr8tYlc*l. The law 8pplicabl8 to tharltles tn England and Wa18s rèqulres Ihe Iw3tees b) prepar8 finandal slatementsfDr 88ch financial year which give a truo and falrview ofthe slats of alFalrs of the r*4rity and oflhe incombng resources 8nd appli￿00n of resources of the charttyforthat pèrtod.ln prgparing Ihese ffinancA813tstements. the". trusteas are r8qulr8d to: . setOfA8vllablg accounttng pollclès ar￿ Ihon apply Ih8m consistfrnUy* • observg Ihe methods and prfncrples In tha Charltitr$ SCRP 2015 IFRS 102); ' makoludgem8nts ond e8trmatssthal are reasonablg and wudent • stste whetherappli¢able accovntsng stand8rds have been followed.subjerato gny malerial depathres disclosed 8ntf explained in Iho financ4al slatementr, . prepare lh8 financral slatsments on the 905ng concem basls unle8$ it is In¥ppropriat8 to prosume thatthg charitywlll ￿nIInue In operation. Thg bwstees aro r08ponsible forkeeping prop8racyxJunting records th8tdi8dose wllh rea8cfflable accur8W at anyfjm8 Ihe financial posifjon of the L*arityand onable them to ensure thatthe flnancial si8t8m8nts comply wfjlh thè Charitles Act 2011, the Cha￿tieS (Accounts and Reports) Reoulations 2008 and the pnjvisions of tho InJ8tdeed.Th8y are alw r¢$ponsible for Safeguarding Iho 8SSets ofthè ¢h8rityand h8ncgknts￿n9 reasonoble ¥tep8 fi)rtho prpvenlon anij dotectlon offrdud and oth¢riffèDularltiès. Approved by the trustees on....... ..............-.. and slgngd on thelr bohalf by. P Grass Chalrof Ihe Trusteès [[c< N#m• of Qlr¢ult: WEYVALLEY METhODIST¢IRCUIT elr¢ukNo 2011 8tatrm•n¢ ol Flnanelal Athltles (SOFA) for year •nd•d 31 Augu¥t 2022 th• Pu d• In¢om• 8 R•c• a79.404 379AQ4 14,ISbJ 13M8D 594,42J 394 23 Expondlturn 9.9D2 . 72.883 t4&29 6¢.alg ' 11 12 South l3m0thothtknn•th￿ F￿￿•￿1TMcPL 14Dopt•th .Y2B 78147 16 71633 17.787 23S 477.293 17.7•7 22,•2S 17ToWoh•rftabh•Xwd￿v• 481,180 469 504,447 921 2011•tlnFornfyl•xponththn) 42tsTO .25.25D 4,326 25.259 47.1 -ICIIW1 2sN•tTr￿¥*fi•TrtITrIunrf• 7.196 S.137.851 55 5.043.ie2-. 2ST•t•lfvnth4wrf•dfthM*rd 9.6BS 5iiiW J,947.002 Nam• of Clrcult WEY VALLEY METHODIST CIRCUIT Clrcult No 2016 Statsmont of Flnanclal Actlvltles (SOFA) for the year ended 31 August 2021 Clrcult D••lgna Not•• to Gfrnoral Mod•l th& Fund Tr￿1 Fund• a¢¢ounl Ict•dl 2020.21 Income 1 DonaOon8 and lègac￿8 2 Ino)rne from monetsry Inv88tm¢b)ts 3 Income from Inve81mgnt propèrtie8- l•ttlng8 4 As8e8srnents on Churches S Capttal Ro¢elpts 6. As$18tsnl ChalrAbwan¢o 7 Other ¢haritsbb income 8 fotal In¢omo Expendlture 9 Grants and dona￿￿1 10 SalarieB and a880aaled o)sts 11 Expenditur• on pMp81ty 12 south East Dlslrict a8$988ment 13 Methodist Conrnxi0n￿ Fund and TMCP Levy 14 Deprecialon 15 Office expen$o8 18 Other outgolngg 17 Total ¢harftabl• èxp8ndltura 18 GaIn￿(lOs$e8I on monetsry invg$trnent8 19 Golnslllos8es1 on Inv88trnent propert1•8 20 Not Incom￿[9xP•ndltUIel 21 Tron$fer8 furtra8 22 ¢)th•r gainsll106$9sI 23 N•t movèment In funds 24 Total funds brought forwa 25 Totsl funds ¢Jrrl•d fovward 679 808 379,404 379,404 -b73,860 103 394,046 13.860 103 394.175 129 12 11 82.fj88 258,720 78.247 12.065 71533 258,725 r 27,421 K. 12,055 .70,512 48,826 2.021 22,625 ￿l-.. 22.625 1,374 504,447 921 1.374 2,021 50,200 921 452,226 8,180 471 40,200 -109.301 200.000 200,CQJ 141,820 -971 -50.200 90,649 4,901,24-2 85.8SS, - 59,e95 5,047,W2 5,043.062 84,894 9,695 5,137.651 Namg of¢lNit J-JUrf + S WEYVALLÈYIAETH0DISTc￿uIr ¢Irc￿l Na 2011 th'$1 pi Balance Sheet as at 31 August 2022 T**i• 2022 Totakn2021 IUnr•B*lcts *• 11111 Rx4dAJ141¥ Ibb 13 4 745 OOD 789 DOII 4 785 000 IrtV8Stmsnt8 5.939 4.79Q 939 4,7BS,OOD 6.4BO 4.790N*O yr¥•MA•8• 15 32 Lo&n8 b thg 14 15 15 251 &58 eanlrdl ￿an¢t Boafd L C44h at B&nk kn hand r13￿¢￿T••¢**••th 34Y.837 78.otta 9.é95 576,547 Crodknrt(duo kn tsf*lar I Gran13 y•b* **hLn 1 ye 110.34 .000 IY1,316 21PgT5 In747 81.400 189 835 17 55.rKw) 205 192 A.AA 4 990 192 80 9.69 6.OItsASS 5177651 17 Lo8nG EO thé 40.000 lQ.1#2 5,137,651 4 960 1?2 Itsi Advahco Fund O&Biinlll•d Fund6 ILknrnstrfGt•d) 4DNI92 5 443 082 84.894 BO.W 21.2 9,695 9.0• Funds 22 otalFund8 5.137.651 Slgngd Oavlj Pateraon Way Vollgy Methodlst Clrcult Treasurer Name of Circult WEY VALLEY MeTHODIST CIRCUIT Clr¢uit N¢ 2016 Balance Sheet as at 31 August 2021 1111 GN Gèn•ral Fund IUnr8$trlctedl Clr¢uit Modol Truit IUnra8trF¢tsdl Dgslgnatod Funds IVnr•8trictodl Tot•l¥ 2021 Ncth tQth• Accounts Flxed A858ts Ta ible fixed a880ts Inve51menl Inveslments 4,783,0 4 78S 000 14 5.939 5,939 Totslfixedas89ts 5,939 4790,939 4,785,000 ¢urYèntAB8• Debtor8 Lo8n$ b the Dlsir Investments wllh TMCP Central Flnance 8oard De Cash al Ban and In hÉrKI Tot41 cumtasséts Curyont118bllltle8 CrÈdllors due In under 1 Grants pay8ble within I ar Toia1cu￿enI liabllltiè$ Netcurrntll asset8/llabllltles 15 2e.174 14 281.187 151.947 .589 487,897 78.955 oslls 9.695 9.837 1S1.947 48.589 $76,547 15 78.955 9,695 18 103,435 86.400 189.835 296.062 103 435 86AOO 89.835 38S.712 78.955 9.695 Totsl•u¢ts ie&* ¢wrentli•bllllles 5,083.062 84.894 9.69S 5.1n.681 Lonsteim M•blllWes dueaftermorethah one earl Gran able after more Ih8n 1 Loans to Ihe [￿StrICt 40. 40.000 et ass•t¥ 5,043.062 84.894 9.69$ 5.137,651 Fund¥ of tho Dlbtrlct General Fund unreylricted clrcull ￿de1 Trust Iunreslrfctedl Des￿nated Funds IUnre51ricl8dl Totsl Unres￿ClEdFUn￿8 R*$lrl¢ted Funds 21.1 5,043.062 84,894 9,69$ 84,894 21.2 9.695 22 TolalFunds 6.1)43,062 84.894 9.696 6,137,861 Wey Valley Methodl8t Clr¢ult Year to 31st August 2022 Note8 lo the Accounts 1 B••1¥ ol•¢¢ountlng Tho finan(lal sla18menls have been prep8red underlhe Charmgs Act 2011 In accordance %441h Il* Charlt*$', siètoment of Recommended Pr9cl￿e ISORPI appllc8ble lo chan1￿5 weparing thelr 8ccord8nce ¥￿th the Flnantlal Roporttrffj StoThYard appl1¢#b￿ In Ihe UK Bnd RewbliGof l@SpTra IFRS 1021. 2 Golng ¢on¢•m The Trustees have ¢onsi¢ered the Imp8c¢ of COVIO.19 on the Charitys 5n¢om& and 0￿ratIng ¢OSt base. Whllsl Fl Is not ¢onslder8d pradlcal to 8c¢uralely a$5es8 the dura￿(￿ and extent of tho olsrupllon. the TrusteÈs are tonfjdeni Ihgt Ihty hgve In place pLqn8 lo deal vith 8ny finanL*al lossos that MBY &ris6. Tf* Trustee$ hav& p￿pared f0￿C8St8 of Income and expendllure for the perthl to 31 Auwsl 2023 8nd hav8 ¢onsidered 4 perlod Of 12 months from ihe da￿ of approv81 of the fin8ntyal $18lements which show$ Ihal theyhave ¥uffi¢*nt rese￿& to ￿ able lo contlnue for the foreseeatye fulure. They ￿11 cont￿71* lo monitor Ihe impact on kncome and lake appropriate a(￿on as ￿¢￿98*ry. The Trustees therefore conbnue lo adopt the ooing ¢OllC8rn b881¥ of preparation for Ihe8e fin8nd81 $latemenis. 3 Funds The funds held c0nsl1￿e.' Gener81 Funds hekl lor any purpose of the Clrcull which are uNe$tfiCted. The Clrcyil m￿81 Tru51 Fund has vAde purposes defined In StsrKling Orders and 1$ calegorlsed a8 Unrestrfd￿. Restrlcled funds which are hekl for a narrokntr purposa, Detai￿ ol¢ach materfol fund are dlsdosed kn th8 final note lo the88 a¢￿VnI8. ￿YfijThlS may be rawesented by more than ILk81 cash. 4 Publlc b•n•fft ont Woyvalley Melhodlst Cwwll meets Ihe definluon of a wt41c barelttentity under FRS 102. A$6ets gnd Hab￿￿1￿6 are ￿tt￿91 I￿ognISed 81 h￿l0￿¢CO51 ￿tranSac1K)n valu8 ￿108$ othoM8e 818ied In the accounllng polic￿8 notel81 ￿low. 5 Aceountlng polk These a¢counts have b8en weparEd on the basls of hL4torical cost except that Frtehokl Prop8ty has been rèvalued lo lak value ai the yearend snd investments 8Tr shown 81 their markot value at the of th8 year. ￿ the aeauals b881s to shw a truè and tsir view of the Circull$ fln8ndal po$itk)n 8nd &cth￿8s. In¢orn• R•¢ognftlon Income Is Included in Ihe staleme￿ of Fln8nclal A￿￿t￿8S ISOFAI when the Clrcuil becomes elllilL8d 10 the resources. and Ihe IN$te aro r&8s0nabty c9rtain they Mll rer*ive the resources,. and the monelary value can be rneasured wnh suflt*nl re118bllily. A9$essmeni¥ on Churches are annualty delenninod by the Ctrcull and pald by the Chwches qUart￿Y in advonce. In¢ome 1$ accounled for on a receivable basls. Income recelved in adv8ntar are Sho￿ kn th• SOFA D•btorn and Pr•paym•nt• Debtor8 a￿ $t*l8d 81 ￿ount$ owed to the Clrojt or prepakl. Cr•dltorn Creditors are Inth'•lty reco9nised al 8ettknm8nt amourt aftw any trade tlls¢tyJn¢8. wl*re normal ¢rndft terrns apply, or amount •Jvaneed to SubSeq￿n{lY u¢¢llors that ore ¢Lmnl iabllikne8 ar¢ measwed 81 Ih? cash or other con$lderallon expeeled lo bg paNI. Bank and Ca•h The liqu#l of bank bwlance8 aNJ depo$tt bdonces 8re shown 81 the realK88bb v8lues M•thodht Conn•xloMI Fundj The Melhod181 Church ConneKknn ra￿e8 88se$$ment ag8ln51 CircJJllsand these are Pa￿ quarterty to Ihdr Dl8lricts. The C1¥C￿lS ral8e assessments agaln$l Churches in the Th[￿11. The Dis1r￿1 qu8rterty rwxits to the Melhodi6t Church Fund mo$1 oftho fur￿0 re¢￿Ved from CIToths. A sm811 sum Is retslned bythè DIS￿(￿ to meet 11$ C￿)8{8. Penslon SUpendlaryCiroJll MlniBtors ar8 oligible to lorn the M&thodls1 Mlnl$tern' Penslon S¢heme (MMPSI. The MMPS is a funded defined ts￿ffl Sc￿Me tnainlalned by The Melhodlsi Church of Gre&l Britain. As the Cirwil Is unable lo idenllfy its share of th8 undertylng 058els and Ilab￿li11e5 of stheme, the Clrcull has taken the advantage of Ihe exetnpuon In Flnanclal Reporting Standard 102 Relk&tnenl Be￿fitS, and h8$ a¢counled118 contributions lo the $cheme as If 51 We￿ a defined conirfbuuon 8¢f*rne. p8n$ion costs for Ihe scheme repre88nt the ¢DntribylK)n payaty¢ by Ihe ¢lrcuil in th8 yow. The ¢onlribulron ratej 8re set each year by Meihodlsl CoftferBnce. Wey Valley Methodlst Clrcult Yoar to 31st August 2022 Notes to th• Accounts (contlnued) Unr•$trl¢t• 2022 Totsl 2021 Tt)tal 6. A•••*•mgnts on Chu￿h9¥ Addl8Ston• Methodist Churc* Byfteet Mèthodist Church Cranleigh M&thodi3t Church Godalming Unitsd Church Guildlord M•thodi$l Church Kn8phill Methodist Church Klorrow Methodist Church St Mi¢haol¥ Sh88iwalar StQUghlon Methodist Churc* VVallon.on-Thama$ Methodist Chur¢h INes1 Hor61ey M&thcrfJi$t Church Wvtrybridge Mgthodlsl Church Trinity M8thodlsl Church Totsl 11.900 37.130 22.250 69.410 15,570 42,270 35.150 2.231 11.900 37.130 22,250 69,410 11.900 37.130 22,260 89.410 16.570 42.270 35,150 2.231 14.173 36.600 9.170 13,350 71,200 379.404 42.270 2.231 14.173 35.600 9.170 13,350 71.200 379M04 9,170 13,3150 71.200 379.404 7. Oth•T Gharlt•bl• Income Other Incomo Manse letting Ino)mg Tot•1 104 104 8. Incom• from Mon•tsry Inve81m•nts Central Fln8rKe Board - Inter¢$t Dfvidandg Other Bank Interest Totsl 707 707 539 122 829 122 829 269 808 W•y V8ll•y htsthodtstClr¢ult Yoarto 31st August 2022 Nots• to th Ac¢ounts I￿ntInu•d) Toii14wKuntp• •oJitol&l•vYIMD£I¥O uW4 rr 29 202D4 Sythy STT 2t8ll4 e947 Sydn•yhk• lu 7aJ ia. 11. 35574 ToF0lii￿￿Q th• Ind to DurWN th• T¢f thb E¥Itr¥A¥ to bM•t* &y￿rn• Th• In 1014 thpl l*h Y￿U￿jb1 Inm COMWbuWons. th¢ in4'*WWI' i&bnpnl NEST (>¥at ThB hWPS •NI knrt a lar ¢1 th• twn li Dilth UJW b• lo￿d In th• An hiw3fiir*ith thil ty th? IM bwn •ibb$L￿￿. Tha lor Wey Valley Methodlst Clrcuit Year to 31st August 2022 Notes to the Accounts (contlnued) 12. Grants and Donatlon8 •pprov•d by tho Clrcult M••tlng 2022 2021 Addio$tone Sheerwater Trinity Totsl grants forth¢ y•ar 1,000 62,888 To church'B To inslltution8 Wey Valley Methodlst Clrcuit Year to 31st August 2022 Notes to the Accounts (contlnued) 13. Tanglblo Flxod A880ts Manses were revalued on 17th July 20218t fair ￿lu0 al 31st August 2020 by Christopher Winser, Chartered SuNeyors {RICSI a Regi31ered Valuer wlth experfenGe in the area. Rosldpntlal Land (Xh•r Land Man8e* Flxtures, flttlng8 and •qulpme nt Total Balance brou Additions Revaluations Dis osa15 Transfers. Balance carried forward Accumulatgd d8pr•clatlon ht forward 4 785 000 22.028 4 807 028 4,785.000 4 807 028 Ba818 Rate SLorRB RB 20% Balance brou htfoward De recialion char for Revaluations Dis osals Transfers. Balance carried foTrvard Not book valuo Brou hl forward Carried fO￿ard ear 22,028 4,785.000 4.785,000 4 785 000 4,785.000 Thè manses 8re held on trust for use by the Circuit in the names of The Tnjslees of the Woking W88 Manses and Trustees for Methodist Church Purposes. In the evanl of sale the charity only 18ceive$ prOport￿n of the proceeds and may apply for grants from the remaining balance. Wey Valley Methodlst Clrcuit Year to 31st August 2022 Notes to the Accounts (continued) 14. Inv•*tmont• The funds that support the Circuit Model Tru81 Fund and the Manses Fund 8re held by TMCP in Trustees Interest Funds on which interest Is credited lo the accounts each month. These are regarded as medium and long term inve81m8nts. TMCP is the legal owner and Cuslodlan TnJste8 of all Methodist Model Trust propety. Including Legacies. Endowmonts and Accumulated Funds. Trust propety is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP énsure that, through providing guidance and acting under their direction. the Managing Trustees comply with charfty18w and Methodist law and policy 88 detemilned by the Methodist Conference. Analy•ls of Inv•stment mov•mont• 2022 2021 Investments listed on a iec nised Stock Exchan Investments held in common investment funds Securities not listed on a reco nised Stock Exehan Other investments - cash 349 837 355,776 Total 341.821 Chan e in ln￿11￿8nt valua6 Car in market value al be innin of Add.. additions to investments al cost Less.. dis osals al ca in value and net cash withdrawal8 Net ainlllossl on revaluation Car market value at end of ar 355 776 369,558 114.414) 14591 341,821 114,7031 921 365.776 ear Wey Valley Methodist Circuit Year to 31st August 2022 Notes to the Accounts (continu8d) IS. Analysk of curr4nt assets 2022 2021 Debtors and prepawnqnts OutStsndln8 payments for lay workers Prepayments and accrued Income Otherdebtors Total debtors and weplyments 11,144 17,502 3,891 32.S36 8.264 14,019 3.893 26,176 lysls olcash It bank Bank bal8rKe held In Barclays Bank balance held CAF Bank eaThk balance held In CF8 Ban Cash In hand Totsl Cash and Bank 17.069 26,184 49.191 24.602 23,988 151,947 92.444 200,537 16. Analy51sof ¢urr•nt Ilabllh185 and loni temi uedto 2022 2021 Trade Credltors P￿paid Asses%nents Other Creditors Total Cuvrent LlablNtles 94,222 22.124 116.346 91,991 IiA44 103,435 174. Gra1￿ ippr**Balance**|**Income**|**Expenditure**|**Transfers**|**Closing Balance**|**Purpose of the fund**| |General|5,043,062|394,423|477,293||4,960,192|Support regularpropertyand ministrycosts of the Circuit| |Circuit Model Trust|84,894|0|4,326||80,568|Moneyset aside for designatedpurposes| |Property Reserve|0||||0|To support the maintenance of manses| |Refugees Reserve|2,195||||2,195|To support work with refugee communities| |University Chaplaincy Fund|7,500||||7,500|Support for UniversityChaplaincycosts| |Totals|**5,137,651**|**394,423**|**481,619**|**0**|**5,050,455**|| |The reasons for the transfers between funds were as follows:|The reasons for the transfers between funds were as follows:|The reasons for the transfers between funds were as follows:|The reasons for the transfers between funds were as follows:|The reasons for the transfers between funds were as follows:|The reasons for the transfers between funds were as follows:|The reasons for the transfers between funds were as follows:| |---|---|---|---|---|---|---| |No transfers were made in either the current or comparative year.||||||| |**Comparative figures**||||||| |**Unrestricted Fund Name**|**Opening**
**Balance**|**Income**|**Expenditure**|**Revaluation**|**Closing Balance**|**Purpose of the fund**| |General|4,901,242|394,046|452,226|200,000|5,043,062|Support regularpropertyand ministrycosts of the Circuit| |Circuit Model Trust|85,865|129|1,100||84,894|Moneyset aside for designatedpurposes| |Property Reserve|48,826||48,826||0|To support the maintenance of manses| |Refugees Reserve|3,569||1,374||2,195|To support work with refugee communities| |University Chaplaincy Fund|7,500||||7,500|Support for UniversityChaplaincycosts| |Totals|**5,047,002**|**394,175**|**503,526**|**200,000**|**5,137,651**|| Wey Valley Methodist Circuit WEY VALLEY METHODIST CIRCUIT TRUSTEES, REPORT & FINANCIAL STATEMENTS To 31StAugust 2022 Adminlstrative Informatlon Wey Valley Methodlst Circult ¢onslsts of 13 churches, from Walton-on-Thames in the north to Cranleigh In the 50Uth. The Circult is a registered charity number 1137300. The full correspondence addresses of the 13 churches in the Circult are: Addlestone Methodist Church, 71 Station Road, Addlestone, Surrey, KT15 2AR Byfieet Methodist Church, Rectory Lane, Byfieet, Surrey, KT14 7LL Cranleigh Methodlst Church, 188 Hl8h Street, Cranlelgh, Surrey, GU6 8RL Godalmlng Unlted Church, Bridge Road, Godalmin& Surrey, GU7 3DU Guildford Methodist Church, at St Mary's, Quarry Street, Guildford, Surreyi GUI 3UP Knaphlll Methodlst Church, Broadway, Knaphlll, Surrey, GU212DR Merrow Methodlst Church, Bushy Hlll Drive, Guildford, Surrey, GUI 2SH St Michael's Ecumenical Church, Dartmouth Avenue, Sheerwater, Woking, Surrey, GU215PJ Stoughton Methodist Church, Stoughton Road, Gulldford, Surrey, GU2 9PT Walton-on-Thames Methodlst Church, Terrace Road, Walton-on-Thames, Surrey, Kr12 2SR West Horsley Methodist Church, 97 The St￿et, West Horsley, Surrey, Kr24 6DD Weybrld8e Methodist Church, Heath Road, Weybridge, Surrey, Kr13 8TB Trinity Methodlst Church, Brewery Road, Wokin& Surrey, GU214LH The full correspondence addresses of the six manses in the Clrcuit are: 8 Eastgate Gardens, Guildford, Surrey, GUI 4AZ Epworth, Charterhouse Road, Godalmln& Surrey, GU7 2AL 72 Collingwood Crescent, Boxgrove Estate, Gulldford, GUI 2PF 48 Lane End Drlve, Knaphlll, Surrey, GU212QG 2 Clements Road, Walton-on-Thames, Surrey, KT12 3LY 36 Woodham Road, Wokln& Surrey, GU214DP Correspondence for the Clrcuit should be addressed to the Superintendent Minlster or the Circult Admlnlstrator, Ms Sue Howson, Circuit Office, Merrow Methodist Church, Bushy Hill Drive, GUI 2SH, email.. circuito￿1Ce we valle circuit.or Cir¢ult Meetlng Member51Managing Trustees) Clrtult Meetlng membership is made up of the mlnlsterial team, supernumerary mlni5ters, Circuit officer5, and representatives from the churches. Guldance on procedure and membership Is taken from the Methodist Church Constitutlonal Practice and Discipline and the Circuit Constitution. Cholr- Superlntendent Minister, Rev Keith Becklngham (Retlred August 20221, Rev Dr Paul Glass Uolned September 2022) Secretory - Loulse Steele Ministers-Rev Davld Faulkner, Rev Sydney Samuel Lake, Rev Sam Funnell, Rev Adam Payne, Rev George Kwasi Quarm Supernumerary Minlsters - Rev Canon Robert Cotton, Rev Claire Hargreaves, Rev Peter Hills, Rev Barrie Tabraham, RevJ Allan Taylor. Circuit Stewards - Philip Beastall (stepped down August 20221, Helen Belsham, Nlgel Camplon- Smith (joined March 20221, David Lander, Jean Normlngton Carole Steele {stÈpped down August 20221, David Paterson, Linda Weedon. Property Secretary- vacancy Local Preochers and Worship Leoder5 Secretary- Hillary Becklngham Iretlred Nov 20211,Rosemary Lee tioined September 2022) Safeguarding Offlcer- Margaret Woolcock Loy Worker (CircultAppointed Voluntt7ry Pastoral Assistont) Eileen Macdonald Lay Worker Representative Alllson Jack50n Church Repre5entatlves: Addlestone Fred Rowe, Celia Klm-ford Byfleet- Pamela Bailey, John Bailey (stepped down August 20221, Vaughan Starkey, Cranleigh Adrlaan Berrevoets, Glend3 Sewell Idled July12022} Godalmlng Margaret Ireland, Julle Rowlin& Alan Steele Gulldford Andrea Camplon-smith, Mlchael Lee Knaphill Lynda Shore, Llnda Todd Merrow- Hu8h Bradley (stepped down Au8USt 20221, Lyn McKay (Retired Sept 20211, Julie Wallls St Mlchael's Sheerwater- Naoml Belll Iprevlously Belli Borovlckal, Peter Francis Stoughton - Carole Steele, Llnda Macbeth (joined October 20221 Walton-on-Thames- Duncan Curtls, Ro55 Richardson West Horsley Margaret Faulkner, Weybrld8e- Robert Lewls, Carol Smith Trinity, Woking John Ne150n, Jean Normington, Sue Waddell Reps to Synod.. Phillp Beastall{Stepped down September 20211, Helen Belsham, Duncan Curt15 (Stepped down September 20211, Margaret Faulkner, John Nelson, Carole Steelel stepped down September 20211, Linda Weedon. Number of Members in Circuit The membershlp figures for each church are those returned as at l November 2021. (In brackets are the membership fi8ures for each church returned a5 at l November 20201. Addlestone Methodlst Church Byfleet Methodist Church Cranlel8h Methodist Church Godalmlng Unlted Church Gulldford Methodist Church {St Marls) Knaphlll Methodlst Church Merrow Methodist Church St Mlchael's Ecumenlcal Church, Sheerwater Stoughton Methodist Church Walton-on-Thames Methodlst Church West Horsley Methodlst Church Weybridge Methodist Church Trinlty Methodist Church, Woklng 17 {191 52 (591 45 1451 133 11341 37 1381 67 1721 66 {691 20 1211 22 {271 62 1651 14 1141 28 1261 119 11211 PUBLIC BENEFIT STATEMENT The trustees conflrm that they have complied with thelr duty to have regard to the Charlty Commlsslon 8uldance on publlc benefit. Aims and Or8anlsation The Wey Valley Methodist Circuit formatlon was approved by the Methodist Conference in July 2016. Underthe ausplces and governance of the Methodlst Church It has Its own constitutlon, Oversight of the clrcult is exercised through the Chalr of the Southeast Distrlct of the Methodlst Church. Clrcult Mlsslon Statement: The Clrcuit commit5 to lead and support local churches In releaslng the 8lfts of the Holy Spirit to allow modelllng of Christ-like lives, so that the 8ood new5 of God's love can be wltnessed In all areas of worship, fellowship and outreach. We aim to do thls by: Supportlng opportunltles for worshlp and faith sharln8. Encoura8lng sharlng of 81fts - both talents and materlal resources. Promoting the passin8 on of experlence In all areas of church Ilfe through resource group5. Facilitatlng training. Mlnlsters work a5 a team with pastoral char8e of independent section5. They meet regularly for support and prayer, and regularly wlth lay members of the leadership team for strategic plannin8 and updates on developments around Circuit business. Communication is facilitated throu8h the quarterly Circult newsletter, the Circuit website and the Clrcult Annual Report. The followlng are Trust activities as approved by the Circuit Meeting: To Increase awareness of God's presence and to celebrate God's love through the prov15ion of regular public acts of worshlp open to members of the church and non- members allke The teaching of Chrlstlanlty through sermons, courses and small groups to encourage growth and learning through mutual support and care Develop an attltude of service that enables members to stand alongslde those In need Promote actlvltles that create opportunltles for others to explore Christianlty b) d) Objectlves for 2022/23.. Help all Circuit leaders to Use thelr partlcular glfts In the life of the Circuit, Explore opportunltles of employin8 lay workers to asslst with speclfic areas of church life, Encourage and assist all churches to focus on mlsslon In new and Imaglnatlve ways. Make connectlons between churches facing slmllar15sues, challenges, and opportunltles. Contlnue to develop an atmosphere of open trusted communication across the Clrcult and churches. Provlde a range of relevant and acce55ible tralnlng. Help all circuit churches to celebrate the ethos of Methodlsm, particularly the open, Inclusive and connexlonal approach. Contlnue to develop a flve-year Strategic Staffln8 Plan and revlew manse provlslon In the 118ht of thls. Revlew ot Pro8ress and Achlevements 2021122 In the Methodist Church the Clrcult Is the primary unit In which Local Churches express and experlence their interconnexion in the Body of Chrlst, for purposes of mlsslon, mutual encouragement and help" (from The Constltutional Practice ond Discipline of The Methodlst Church} To this end the leadershlp team continues to encourage interaction of churches in the Wey Valley Circuit. The Strategic Staffing Plan remalns flexible. With our Superintendent taking early retlrement In summer 2022, we entered stationing a8aln and were very fortunate in securing his replacement, Rev Dr Paul Glass, from September 2022. Rev Dave Faulkner Is movSng from the Clrcuit in summer 2023 and wlll not be replaced as a Clrcult mlnlster. Plans are currently beln8 made to cover hls work and responsSblllties. As churches across the Circuit have emerged from the Covld-19 pandemic a number of issues have been faced Including contlnued onllne di8ltal means of accessing worship, the removal of restrictlons in churches and the slow recovery of booking5 and lets back to pre-pandemic levels whlch continues to be an issue for some churches in the Clrcult. The Clrcuit continues wlth a weekly pastoral letter and home sheets for worshlp. The Clrcult Is aware that although the financial situatlon of the CircuSt has Improved there are still slgnlficant financlal Issues that need to be addressed partly as a result of the uncertainty caused by the COVID vlrus. The Clrcult Is preparlng to reassess its freeze on 8rants except for emergencv purposes durlng thls financlal year. At its meeting in September 2021 the Circuit agreed to contrlbijte a grant of £40,000 to contlnue the Methodlst Ministers Pension Fund. Pressure on the Clrcult preachlng plan has led to the continulng need for local arran8ements for the conduct of worshlp servlces and new methods of dellvering sermons for worshlp are being experimented wlth. The Flnance, Mlssion, Property, Worshlp and Safeguardin8 resource groups contlnued to operate successfully, with an Increasing number of face-to-face meetlngs. The Youth and Chlldren's Work and Communicatlons Broups dld not meet but recelve regular elertronic updates. Started In September 2018, The Bl8 Read contlnued to encourage and support participatlon In long-term att of worshlp by readln8 the Bible from coverto cover one chapter a day. It was f5nallv completed on 2 December 2021 and we belleve it gave comfort as together we read regularly throughoutthe early days of the pandemlc and the varlous lockdowns-sltuatlons we never dreamt of when we be8an back in 2018. Tralnln8 has been offered to all churches, mlnlsters and lay workers, Including face-to-face and online training. These have Included the areas of safe8uardin8, food hygiene, and EDI. The mlnlsters are supported by their own monthly meetlng5, supervlslon on a regular as required basls, and by the regular meetln8s of the Clrcuit Leadershlp team. Agaln, the pandemlc meant that adaptations to the usual arrangements were needed wlth the use of Zoom, FaceTlme, etc being employed. There Is a Cantonese-speakln8 Methodlst congre8atlon at Wokln& Trlnity whlch has benefited from recent wave5 of immigration and has doubled In slze over an el8hteen-month period. There is another Chinese congregatlon meeting at Merrow Methodlst Church, There are a range of successful range of outreach actlvlties across the Circuit, Includin8 a well-used baby bank at Cranlel8h, Clothes4U at Knaphlll and since February 2022 a weekly Vlgll for peace In Ukralne at St Marfs, Guildford. There are many other impressive examples of the churches of the Circult servln8 the communitles In whlch they are set. The Clrcuit's quarterly ma8azine, The Wey Forward, contlnued to be a key tool of communicatlon within the Circuit. Hard copies were agaln distrlbuted post pandemlc, with downloadable pdfs available vla the Clrcult's webslte. The website www.weyvalleyclrcuit.org.uk provided informatlon on the Ilfe of the Clrcuit and its churches to both those Involved and the general publlc. The quarterly preachlng plan contlnued to be avallable here too. To provlde full admlnlstratlve support for the Clrcult, the Circult Administratlon Offl¢er and PA to the Superlntendent, continued workin8 flve mornln8s a week, wSth three of these mornings working from home. The Clrcuit also employs a part time {5.25 hours per weekl Safeguardln8 Admlnlstrator, based at Walton, who meets perlodically with the Clrcuit Safe8uarding Officer, and the Asslstant Circult Safeguardin8 Offlcer. Th15 Clrcult Safeguarding Team meets wlth the Superlntendent Mlnlster and the Distrlct Safe8uarding Officer as requlred. The local Church Safeguardlng Officers meet every slx months with the Clrcuit Safeguarding Team. The Safeguardln8 Team are asslsted bythe Superintendent Mlnister and Dlstrlct staff in keeplng DBS checks current. Fundraislng The Clrcuit is a flnanclally stable and viable charity. As such, we do not rely on publlc fundraising to balance our budget. We do appeal occasionally, vla In the Individual churches in our circuit, for additlonal funds to provide mi55ion outreaches and to respond to local and worldwlde dlsasters. We are mindful of the provlslons of the Charltles (Protectlon and Social Investment) Act 2016 and we are guided by the Charity Commlsslon publlcatlon 'Charlty fundraisin8.' a guide to trustee dutles ICC20) and the Code of Fundralslng practice. Approach tofundraising We always ensure that our fundralsing Is always legal, open; honest, respectful and accountable. We treat our potential donors honestly and decently, glvingthem the information, they need to make an informed cholce about thelr givin8. Where fundraising takes place, we are aware of how fundralsing Is belng delivered; we know who is making the ask,. we know what rlsks there are from any fundralslng activlty; monltor if any complalnts that are made about the fundraising practice,. and we use our complaints pollcy to deal with any Issues. Working with, and oversight of, any commercial participators/professional fundraisers We do not work with commercial partners forthe benefit of the circuit. We do however, support local and national charities. Fundraising conforming to recognised standards As a Clrcuit, we ensure that Charlty legislation is regularly revlewed and updated. We stay up to date with the latest developments in the13w and Code of Fundraising Practice through resources provlded by the Methodlst Church of Great Britain and through our audltors. Monitoring offundralslng carried out on behalf of the Circuit All fundralslng activity of significance must be approved by the Clrcuit meeting (attended by all trustees) and all other by the Circuit Leadership meetlng. Fundraising complaints Complaints wlll be dealt with through the Circuit Complaints Pollcy. None have been received. Our commitment As a Circult we are committed to ensure that: We provlde protectlon to the public, including vulnerable people, from unreasonable Intrusive or persistent fundraislng approaches, and undue pressure to donate. We as a charlty wlll adhere to ethlcal fundralsin8 processes in line wlth the Charlty Commission's Charityfundraislng: a guide to trustee dutles {CC20). Financlal Reports and Schedules Wey Valley Clrcult Reserves Pollcy The Wey Valley Clrcuit is part of the Methodlst Church Re8iStered Charlty no 1132208. The Methodist Church Is divided Into 30 Dlstrirts and each District Is divided Into Circubts. The Wey Valley Circult is part of the Southeast Dlstrltt and has responslbllSty for 13 Methodlst churches. The Clrcuit has five prlmary goals: l. To ensure that all churches under Its control have the correct governance structures In place as prescrlbed by the Methodlst Church in Great Brltaln standln8 orders and the Charities Commlsslon. 2. To appolnt and allocate mlnlster(s) to the Circuit, within its flnanclal capabllitles, and then allocate pastoral care of the 13 local churches to each of Its appointed mlnlsters. Where there are Insufficlent mln5sters to provlde the requlred 5ervlces that suitably quallfied lay volunteers are In place. 3. To provlde servlced houslng for all appointed mlnisters in accordance with standlng orders guldance. 4. To provlde leadershlp and dlrection for churches to facllltate brln8lng members of the churches wlthln the Circuit into a deeper fellowship with Christ. 5. To mana8e funds built up over time due to sale of Churches, manses, donatlons and the like. These funds where they exceed the reserve Ilmits wlll be made avaSlable for allo¢ation to churches, on receipt of an approved appllcatlon, to fund repairs and projects at a church level. The Circuit receives Its income from the churches who contribute a flxed quarterly amount, thelr assessment, which is determlned annually based on fattors including the size of the church and its abllFty to pay, The Clrcuit draws up a budget annually which estimates the level of expendlture expected in the following year. The Clr¢uit has three maln areas of expense: l. Payment of Mlnlsterlal stlpends. 2. Payment of servlces, rates and repairs on the houses allocated to mlnisters. 3. Payment of lay staff members and office costs relatingto the Circult Office. To achleve Its objettives the Circuit needs to ensure that It has sufficSent funds to Cover the minlsterial stipends, minlsterial housing costs and Clrcult offlce costs so it can continue to provide the local churches with the ministerlal staff to ensure that local churches can continue to Serve thelr local community. As the Circults Income Is paid quarterly by each church the requirement for each church to hold sufficlent reserves to cover their runnin8 Costs and Clrcuit assessment Is a key part of the reservlng pollcy. Mindful of our Bibllcal responsiblllty not to hoard It Is Important that this be balanced wlth a sense that we need to be forward looklng and plan for known events and responslbility for others Ilncluding employees} is important. So the Circult has set in place a policy for churches to hold 6 months, runnln8 and assessment costs In reserves. During the year under revlew all churches were able to adhere to thls pollcyi however, some have been forced to reduce reserves due to falllng income levels whlch are seen as short-term due to Covid. At a Clrcuit level we have a reserves policy which requlres us to hold 6 months, reserves of the prevlous years runnlng costs adjusted for any new known expendlture or adjusted for any one-off expenditure items In the prevlous year. The Clrcult is currently complylng with thls policy. Where churches are stru881ing to meet Its assessment, the circuit will reserve a further 6 months of that church's assessment. OveNiew of reserves and expendlture 2022 270255 2021 352,651 Change 182,396) Reserves excludlng Property Yearly Expenses Expense cover in reserves 436,232 0.62 times 441,559 0.80tlmes 15,327) The Circuit has reserves In excess to meet the Reserve Requirements of 6 months. The Clrcult has not been made aware of any churches that wlll default on thelr current assessments. Flnancial Strategy The financlal strate8y of the Clrcult is driven by the overall mission alms. Speclflcally, we alm to: Support the ongoing actlvltles of Clrcult churches by provlding flnanclal asslstance where needed to address urgent issues that are restrlttlng or threatenln8 the continuan¢e of actlvities. Provide adequate reserves to cover the obligatlons of the Circult whi15t providing stabllity In the Indlvidual church contributions to the overall cost. In line with guldance, as described above, we are alming to hold 3 8eneral reserve representlng 6 months, expenditure. A5 the sl8nificant sums currently held by the Clrcult are designated for specific project5 or to cover for planned changes, the Investrnent pollcy is for low rlsk and funds are held In cash. The Unrestrlcted Funds are comprised of: Deslgnated Funds £9,695 Funds represented by Illiquid fixed assets £4,785,WO Free Reserves £260 560 Total Funds £5,Q55,255 io Anandal Inforniatk¥n After recordln8 a deflclt {includlng grants allocated) for several years. the Circult Is now budgetlng for a Small deficlt for the year to 31 August 2023 and almingfor a modest surplus for the followln8 year, during whlch there wlll be a slgnfficant reductlon In costs reflectlng a reductlon In the level of mlnisterlal staffln& The financlal statements are below. These Include the fnanses whlch are held in the Clrcult accounts under a re5pon51blllty dele8ated from the Trustees for Methodlst Church Purposes {TMCP) from whom approval must be sou8ht when dlsposal or 5hort-term rental Is recommended by the arcult Meetlng. Methodist propertles oriBlnally held in a varlety of trusts were transferred to TMCP by an Art of Parliament. Approved bythe trustees on and slgned on their behalf by: Rev Paul Glass Chalr of the TNstees li CIRCUIT A¢¢ruals ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS WEY VALLEY METHODIST FOR THE YEAR ENDED 31 AUGUST 2022 SOUTH EAST Dl8trlct Clr¢ult no 3606 R•glst•Y•d Charlty- Chorlty Rog18trotlon nUM￿r 11373 If not g regl8lered charfty Her Majestys Rev•nue and Custom¥ Glft Ald numbor (Thè HMRC number is equlvalent to a r8gistergd ¢harity number in tsm18 of evidence of charitable statUB and may be used to give lo donors or grant funders ¥￿shIng lo see ewdence of tha organi8alion.s chadlable Status. Melhodl81 ¢haTikne8 in England and Wales that 8ie not r￿ls1&re￿ Chaiilies are eXChpl￿ ffom regislrallon under Stslutory Instrument 2014 No.2421 Minlslers.. Rev Kellh BeckinAh8m David Faulkner Rev Samantha Funn911 Rov Adam P8yn.è Rev Barrle Tabraham Rev Pèter Hi118 Clrcurt Stewards.. Mr8 Linda Weedon Mrs Helen Belsham Mr Davld Lander Tr8a$urer'. Mr David P8ler8on 2015 c4r¢￿RY￿P.X Wey Valloy Methodlst Circu Trustees. responslbllities ststsment Year to 31st August 2022 The thJdo8$xre ra6pon8lble ftsrprnparing the Twsteg$' Annual R8port and the finan¢i818tatgments In g¢conJancg wth appll(able law and Unlt¢d lfjngdom A￿oUn￿n9 Stsndard8 {Unltèd Kingdom Gene￿IlY A¢¢eptod Accounllng Pr8tYlc*l. The law 8pplicabl8 to tharltles tn England and Wa18s rèqulres Ihe Iw3tees b) prepar8 finandal slatementsfDr 88ch financial year which give a truo and falrview ofthe slats of alFalrs of the r*4rity and oflhe incombng resources 8nd appli￿00n of resources of the charttyforthat pèrtod.ln prgparing Ihese ffinancA813tstements. the". trusteas are r8qulr8d to: . setOfA8vllablg accounttng pollclès ar￿ Ihon apply Ih8m consistfrnUy* • observg Ihe methods and prfncrples In tha Charltitr$ SCRP 2015 IFRS 102); ' makoludgem8nts ond e8trmatssthal are reasonablg and wudent • stste whetherappli¢able accovntsng stand8rds have been followed.subjerato gny malerial depathres disclosed 8ntf explained in Iho financ4al slatementr, . prepare lh8 financral slatsments on the 905ng concem basls unle8$ it is In¥ppropriat8 to prosume thatthg charitywlll ￿nIInue In operation. Thg bwstees aro r08ponsible forkeeping prop8racyxJunting records th8tdi8dose wllh rea8cfflable accur8W at anyfjm8 Ihe financial posifjon of the L*arityand onable them to ensure thatthe flnancial si8t8m8nts comply wfjlh thè Charitles Act 2011, the Cha￿tieS (Accounts and Reports) Reoulations 2008 and the pnjvisions of tho InJ8tdeed.Th8y are alw r¢$ponsible for Safeguarding Iho 8SSets ofthè ¢h8rityand h8ncgknts￿n9 reasonoble ¥tep8 fi)rtho prpvenlon anij dotectlon offrdud and oth¢riffèDularltiès. Approved by the trustees on....... ..............-.. and slgngd on thelr bohalf by. P Grass Chalrof Ihe Trusteès [[c< N#m• of Qlr¢ult: WEYVALLEY METhODIST¢IRCUIT elr¢ukNo 2011 8tatrm•n¢ ol Flnanelal Athltles (SOFA) for year •nd•d 31 Augu¥t 2022 th• Pu d• In¢om• 8 R•c• a79.404 379AQ4 14,ISbJ 13M8D 594,42J 394 23 Expondlturn 9.9D2 . 72.883 t4&29 6¢.alg ' 11 12 South l3m0thothtknn•th￿ F￿￿•￿1TMcPL 14Dopt•th .Y2B 78147 16 71633 17.787 23S 477.293 17.7•7 22,•2S 17ToWoh•rftabh•Xwd￿v• 481,180 469 504,447 921 2011•tlnFornfyl•xponththn) 42tsTO .25.25D 4,326 25.259 47.1 -ICIIW1 2sN•tTr￿¥*fi•TrtITrIunrf• 7.196 S.137.851 55 5.043.ie2-. 2ST•t•lfvnth4wrf•dfthM*rd 9.6BS 5iiiW J,947.002 Nam• of Clrcult WEY VALLEY METHODIST CIRCUIT Clrcult No 2016 Statsmont of Flnanclal Actlvltles (SOFA) for the year ended 31 August 2021 Clrcult D••lgna Not•• to Gfrnoral Mod•l th& Fund Tr￿1 Fund• a¢¢ounl Ict•dl 2020.21 Income 1 DonaOon8 and lègac￿8 2 Ino)rne from monetsry Inv88tm¢b)ts 3 Income from Inve81mgnt propèrtie8- l•ttlng8 4 As8e8srnents on Churches S Capttal Ro¢elpts 6. As$18tsnl ChalrAbwan¢o 7 Other ¢haritsbb income 8 fotal In¢omo Expendlture 9 Grants and dona￿￿1 10 SalarieB and a880aaled o)sts 11 Expenditur• on pMp81ty 12 south East Dlslrict a8$988ment 13 Methodist Conrnxi0n￿ Fund and TMCP Levy 14 Deprecialon 15 Office expen$o8 18 Other outgolngg 17 Total ¢harftabl• èxp8ndltura 18 GaIn￿(lOs$e8I on monetsry invg$trnent8 19 Golnslllos8es1 on Inv88trnent propert1•8 20 Not Incom￿[9xP•ndltUIel 21 Tron$fer8 furtra8 22 ¢)th•r gainsll106$9sI 23 N•t movèment In funds 24 Total funds brought forwa 25 Totsl funds ¢Jrrl•d fovward 679 808 379,404 379,404 -b73,860 103 394,046 13.860 103 394.175 129 12 11 82.fj88 258,720 78.247 12.065 71533 258,725 r 27,421 K. 12,055 .70,512 48,826 2.021 22,625 ￿l-.. 22.625 1,374 504,447 921 1.374 2,021 50,200 921 452,226 8,180 471 40,200 -109.301 200.000 200,CQJ 141,820 -971 -50.200 90,649 4,901,24-2 85.8SS, - 59,e95 5,047,W2 5,043.062 84,894 9,695 5,137.651 Namg of¢lNit J-JUrf + S WEYVALLÈYIAETH0DISTc￿uIr ¢Irc￿l Na 2011 th'$1 pi Balance Sheet as at 31 August 2022 T**i• 2022 Totakn2021 IUnr•B*lcts *• 11111 Rx4dAJ141¥ Ibb 13 4 745 OOD 789 DOII 4 785 000 IrtV8Stmsnt8 5.939 4.79Q 939 4,7BS,OOD 6.4BO 4.790N*O yr¥•MA•8• 15 32 Lo&n8 b thg 14 15 15 251 &58 eanlrdl ￿an¢t Boafd L C44h at B&nk kn hand r13￿¢￿T••¢**••th 34Y.837 78.otta 9.é95 576,547 Crodknrt(duo kn tsf*lar I Gran13 y•b* **hLn 1 ye 110.34 .000 IY1,316 21PgT5 In747 81.400 189 835 17 55.rKw) 205 192 A.AA 4 990 192 80 9.69 6.OItsASS 5177651 17 Lo8nG EO thé 40.000 lQ.1#2 5,137,651 4 960 1?2 Itsi Advahco Fund O&Biinlll•d Fund6 ILknrnstrfGt•d) 4DNI92 5 443 082 84.894 BO.W 21.2 9,695 9.0• Funds 22 otalFund8 5.137.651 Slgngd Oavlj Pateraon Way Vollgy Methodlst Clrcult Treasurer Name of Circult WEY VALLEY MeTHODIST CIRCUIT Clr¢uit N¢ 2016 Balance Sheet as at 31 August 2021 1111 GN Gèn•ral Fund IUnr8$trlctedl Clr¢uit Modol Truit IUnra8trF¢tsdl Dgslgnatod Funds IVnr•8trictodl Tot•l¥ 2021 Ncth tQth• Accounts Flxed A858ts Ta ible fixed a880ts Inve51menl Inveslments 4,783,0 4 78S 000 14 5.939 5,939 Totslfixedas89ts 5,939 4790,939 4,785,000 ¢urYèntAB8• Debtor8 Lo8n$ b the Dlsir Investments wllh TMCP Central Flnance 8oard De Cash al Ban and In hÉrKI Tot41 cumtasséts Curyont118bllltle8 CrÈdllors due In under 1 Grants pay8ble within I ar Toia1cu￿enI liabllltiè$ Netcurrntll asset8/llabllltles 15 2e.174 14 281.187 151.947 .589 487,897 78.955 oslls 9.695 9.837 1S1.947 48.589 $76,547 15 78.955 9,695 18 103,435 86.400 189.835 296.062 103 435 86AOO 89.835 38S.712 78.955 9.695 Totsl•u¢ts ie&* ¢wrentli•bllllles 5,083.062 84.894 9.69S 5.1n.681 Lonsteim M•blllWes dueaftermorethah one earl Gran able after more Ih8n 1 Loans to Ihe [￿StrICt 40. 40.000 et ass•t¥ 5,043.062 84.894 9.69$ 5.137,651 Fund¥ of tho Dlbtrlct General Fund unreylricted clrcull ￿de1 Trust Iunreslrfctedl Des￿nated Funds IUnre51ricl8dl Totsl Unres￿ClEdFUn￿8 R*$lrl¢ted Funds 21.1 5,043.062 84,894 9,69$ 84,894 21.2 9.695 22 TolalFunds 6.1)43,062 84.894 9.696 6,137,861 Wey Valley Methodl8t Clr¢ult Year to 31st August 2022 Note8 lo the Accounts 1 B••1¥ ol•¢¢ountlng Tho finan(lal sla18menls have been prep8red underlhe Charmgs Act 2011 In accordance %441h Il* Charlt*$', siètoment of Recommended Pr9cl￿e ISORPI appllc8ble lo chan1￿5 weparing thelr 8ccord8nce ¥￿th the Flnantlal Roporttrffj StoThYard appl1¢#b￿ In Ihe UK Bnd RewbliGof l@SpTra IFRS 1021. 2 Golng ¢on¢•m The Trustees have ¢onsi¢ered the Imp8c¢ of COVIO.19 on the Charitys 5n¢om& and 0￿ratIng ¢OSt base. Whllsl Fl Is not ¢onslder8d pradlcal to 8c¢uralely a$5es8 the dura￿(￿ and extent of tho olsrupllon. the TrusteÈs are tonfjdeni Ihgt Ihty hgve In place pLqn8 lo deal vith 8ny finanL*al lossos that MBY &ris6. Tf* Trustee$ hav& p￿pared f0￿C8St8 of Income and expendllure for the perthl to 31 Auwsl 2023 8nd hav8 ¢onsidered 4 perlod Of 12 months from ihe da￿ of approv81 of the fin8ntyal $18lements which show$ Ihal theyhave ¥uffi¢*nt rese￿& to ￿ able lo contlnue for the foreseeatye fulure. They ￿11 cont￿71* lo monitor Ihe impact on kncome and lake appropriate a(￿on as ￿¢￿98*ry. The Trustees therefore conbnue lo adopt the ooing ¢OllC8rn b881¥ of preparation for Ihe8e fin8nd81 $latemenis. 3 Funds The funds held c0nsl1￿e.' Gener81 Funds hekl lor any purpose of the Clrcull which are uNe$tfiCted. The Clrcyil m￿81 Tru51 Fund has vAde purposes defined In StsrKling Orders and 1$ calegorlsed a8 Unrestrfd￿. Restrlcled funds which are hekl for a narrokntr purposa, Detai￿ ol¢ach materfol fund are dlsdosed kn th8 final note lo the88 a¢￿VnI8. ￿YfijThlS may be rawesented by more than ILk81 cash. 4 Publlc b•n•fft ont Woyvalley Melhodlst Cwwll meets Ihe definluon of a wt41c barelttentity under FRS 102. A$6ets gnd Hab￿￿1￿6 are ￿tt￿91 I￿ognISed 81 h￿l0￿¢CO51 ￿tranSac1K)n valu8 ￿108$ othoM8e 818ied In the accounllng polic￿8 notel81 ￿low. 5 Aceountlng polk These a¢counts have b8en weparEd on the basls of hL4torical cost except that Frtehokl Prop8ty has been rèvalued lo lak value ai the yearend snd investments 8Tr shown 81 their markot value at the of th8 year. ￿ the aeauals b881s to shw a truè and tsir view of the Circull$ fln8ndal po$itk)n 8nd &cth￿8s. In¢orn• R•¢ognftlon Income Is Included in Ihe staleme￿ of Fln8nclal A￿￿t￿8S ISOFAI when the Clrcuil becomes elllilL8d 10 the resources. and Ihe IN$te aro r&8s0nabty c9rtain they Mll rer*ive the resources,. and the monelary value can be rneasured wnh suflt*nl re118bllily. A9$essmeni¥ on Churches are annualty delenninod by the Ctrcull and pald by the Chwches qUart￿Y in advonce. In¢ome 1$ accounled for on a receivable basls. Income recelved in adv8ntar are Sho￿ kn th• SOFA D•btorn and Pr•paym•nt• Debtor8 a￿ $t*l8d 81 ￿ount$ owed to the Clrojt or prepakl. Cr•dltorn Creditors are Inth'•lty reco9nised al 8ettknm8nt amourt aftw any trade tlls¢tyJn¢8. wl*re normal ¢rndft terrns apply, or amount •Jvaneed to SubSeq￿n{lY u¢¢llors that ore ¢Lmnl iabllikne8 ar¢ measwed 81 Ih? cash or other con$lderallon expeeled lo bg paNI. Bank and Ca•h The liqu#l of bank bwlance8 aNJ depo$tt bdonces 8re shown 81 the realK88bb v8lues M•thodht Conn•xloMI Fundj The Melhod181 Church ConneKknn ra￿e8 88se$$ment ag8ln51 CircJJllsand these are Pa￿ quarterty to Ihdr Dl8lricts. The C1¥C￿lS ral8e assessments agaln$l Churches in the Th[￿11. The Dis1r￿1 qu8rterty rwxits to the Melhodi6t Church Fund mo$1 oftho fur￿0 re¢￿Ved from CIToths. A sm811 sum Is retslned bythè DIS￿(￿ to meet 11$ C￿)8{8. Penslon SUpendlaryCiroJll MlniBtors ar8 oligible to lorn the M&thodls1 Mlnl$tern' Penslon S¢heme (MMPSI. The MMPS is a funded defined ts￿ffl Sc￿Me tnainlalned by The Melhodlsi Church of Gre&l Britain. As the Cirwil Is unable lo idenllfy its share of th8 undertylng 058els and Ilab￿li11e5 of stheme, the Clrcull has taken the advantage of Ihe exetnpuon In Flnanclal Reporting Standard 102 Relk&tnenl Be￿fitS, and h8$ a¢counled118 contributions lo the $cheme as If 51 We￿ a defined conirfbuuon 8¢f*rne. p8n$ion costs for Ihe scheme repre88nt the ¢DntribylK)n payaty¢ by Ihe ¢lrcuil in th8 yow. The ¢onlribulron ratej 8re set each year by Meihodlsl CoftferBnce. Wey Valley Methodlst Clrcult Yoar to 31st August 2022 Notes to th• Accounts (contlnued) Unr•$trl¢t• 2022 Totsl 2021 Tt)tal 6. A•••*•mgnts on Chu￿h9¥ Addl8Ston• Methodist Churc* Byfteet Mèthodist Church Cranleigh M&thodi3t Church Godalming Unitsd Church Guildlord M•thodi$l Church Kn8phill Methodist Church Klorrow Methodist Church St Mi¢haol¥ Sh88iwalar StQUghlon Methodist Churc* VVallon.on-Thama$ Methodist Chur¢h INes1 Hor61ey M&thcrfJi$t Church Wvtrybridge Mgthodlsl Church Trinity M8thodlsl Church Totsl 11.900 37.130 22.250 69.410 15,570 42,270 35.150 2.231 11.900 37.130 22,250 69,410 11.900 37.130 22,260 89.410 16.570 42.270 35,150 2.231 14.173 36.600 9.170 13,350 71,200 379.404 42.270 2.231 14.173 35.600 9.170 13,350 71.200 379M04 9,170 13,3150 71.200 379.404 7. Oth•T Gharlt•bl• Income Other Incomo Manse letting Ino)mg Tot•1 104 104 8. Incom• from Mon•tsry Inve81m•nts Central Fln8rKe Board - Inter¢$t Dfvidandg Other Bank Interest Totsl 707 707 539 122 829 122 829 269 808 W•y V8ll•y htsthodtstClr¢ult Yoarto 31st August 2022 Nots• to th Ac¢ounts I￿ntInu•d) Toii14wKuntp• •oJitol&l•vYIMD£I¥O uW4 rr 29 202D4 Sythy STT 2t8ll4 e947 Sydn•yhk• lu 7aJ ia. 11. 35574 ToF0lii￿￿Q th• Ind to DurWN th• T¢f thb E¥Itr¥A¥ to bM•t* &y￿rn• Th• In 1014 thpl l*h Y￿U￿jb1 Inm COMWbuWons. th¢ in4'*WWI' i&bnpnl NEST (>¥at ThB hWPS •NI knrt a lar ¢1 th• twn li Dilth UJW b• lo￿d In th• An hiw3fiir*ith thil ty th? IM bwn •ibb$L￿￿. Tha lor Wey Valley Methodlst Clrcuit Year to 31st August 2022 Notes to the Accounts (contlnued) 12. Grants and Donatlon8 •pprov•d by tho Clrcult M••tlng 2022 2021 Addio$tone Sheerwater Trinity Totsl grants forth¢ y•ar 1,000 62,888 To church'B To inslltution8 Wey Valley Methodlst Clrcuit Year to 31st August 2022 Notes to the Accounts (contlnued) 13. Tanglblo Flxod A880ts Manses were revalued on 17th July 20218t fair ￿lu0 al 31st August 2020 by Christopher Winser, Chartered SuNeyors {RICSI a Regi31ered Valuer wlth experfenGe in the area. Rosldpntlal Land (Xh•r Land Man8e* Flxtures, flttlng8 and •qulpme nt Total Balance brou Additions Revaluations Dis osa15 Transfers. Balance carried forward Accumulatgd d8pr•clatlon ht forward 4 785 000 22.028 4 807 028 4,785.000 4 807 028 Ba818 Rate SLorRB RB 20% Balance brou htfoward De recialion char for Revaluations Dis osals Transfers. Balance carried foTrvard Not book valuo Brou hl forward Carried fO￿ard ear 22,028 4,785.000 4.785,000 4 785 000 4,785.000 Thè manses 8re held on trust for use by the Circuit in the names of The Tnjslees of the Woking W88 Manses and Trustees for Methodist Church Purposes. In the evanl of sale the charity only 18ceive$ prOport￿n of the proceeds and may apply for grants from the remaining balance. Wey Valley Methodlst Clrcuit Year to 31st August 2022 Notes to the Accounts (continued) 14. Inv•*tmont• The funds that support the Circuit Model Tru81 Fund and the Manses Fund 8re held by TMCP in Trustees Interest Funds on which interest Is credited lo the accounts each month. These are regarded as medium and long term inve81m8nts. TMCP is the legal owner and Cuslodlan TnJste8 of all Methodist Model Trust propety. Including Legacies. Endowmonts and Accumulated Funds. Trust propety is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP énsure that, through providing guidance and acting under their direction. the Managing Trustees comply with charfty18w and Methodist law and policy 88 detemilned by the Methodist Conference. Analy•ls of Inv•stment mov•mont• 2022 2021 Investments listed on a iec nised Stock Exchan Investments held in common investment funds Securities not listed on a reco nised Stock Exehan Other investments - cash 349 837 355,776 Total 341.821 Chan e in ln￿11￿8nt valua6 Car in market value al be innin of Add.. additions to investments al cost Less.. dis osals al ca in value and net cash withdrawal8 Net ainlllossl on revaluation Car market value at end of ar 355 776 369,558 114.414) 14591 341,821 114,7031 921 365.776 ear Wey Valley Methodist Circuit Year to 31st August 2022 Notes to the Accounts (continu8d) IS. Analysk of curr4nt assets 2022 2021 Debtors and prepawnqnts OutStsndln8 payments for lay workers Prepayments and accrued Income Otherdebtors Total debtors and weplyments 11,144 17,502 3,891 32.S36 8.264 14,019 3.893 26,176 lysls olcash It bank Bank bal8rKe held In Barclays Bank balance held CAF Bank eaThk balance held In CF8 Ban Cash In hand Totsl Cash and Bank 17.069 26,184 49.191 24.602 23,988 151,947 92.444 200,537 16. Analy51sof ¢urr•nt Ilabllh185 and loni temi uedto 2022 2021 Trade Credltors P￿paid Asses%nents Other Creditors Total Cuvrent LlablNtles 94,222 22.124 116.346 91,991 IiA44 103,435 174. Gra1￿ ippr