Wey Valley
Methodist
Circuit
WEY VALLEY METHODIST CIRCUIT
TRUSTEES, REPORT & FINANCIAL
STATEMENTS
To 31"August 2024

Administrative Information
Wey Valley Methodlst Circult conslsts of 13 churches, from Walton-on-Thames in the north to
Cranleigh in the south.
The Clrcuit is a registered charity number 1137300.
The full correspondence addresses of the 13 churches in the Circuit are:
Addlestone Methodist Church, 71 Station Road, Addlestone, Surrey, KT15 2AR
Byfieet Methodist Church, Rectory Lane, Byfleet, Surrey, KT14 7LL
Cranleigh Methodist Church, 188 High Street, Cranleigh, Surrey, GU6 8RL
Godalming United Church, Bridge Road, Godalmin& Surrey, GU7 3DU
Guildford Methodist Church, at St Mary's, Quarry Street, Guildford, Surrey, GUI 3UP
Knaphill Methodist Church, Broadway, Knaphill, Surrey, GU212DR
Merrow Methodist Church, Bushy Hill Drive, Guildford, Surrey, GUI 2SH
St Michael's Ecumenical Church, Dartmouth Avenue. Sheep¥vater, Wokin& Surrey, GU215PJ
Stoughton Methodlst Church, Stoughton Road, Guildford, Surrey, GU2 9PT
Walton-on-Thames Methodist Church, Terrace Road, Walton-on-Thames, Surrey, KT12 2SR
West Horsley Methodist Church, 97 The Street, West Horsley, Surrey, KT24 6DD
Weybridge Methodist Church, Heath Road, Weybrldge, Surrey, KT13 8TB
Trinity Methodist Church, Brewery Road, Woking, Surrey, GU214LH
The full correspondence addresses of the six manses in the Circuit are:
8 Eastgate Gardens, Guildford, Surrey, GUI 4AZ
Epworth. Charterhouse Road, Godalmin& Surrey, GU7 2AL
72 Collingwood Crescent, Boxgrove Estate. Guildford, GUI 2PF
48 Lane End Drive, Knaphill, Surrey, GU212QG
2 Clements Road. W3lton-on-Thames, Surrey, Kf12 3LY
36 Woodham Road, Woking, Surrey, GU214DP
Correspondence for the Clrcult should be addressed to the Superintendent Minister or the
Circuit Administrator, Ms Lucy Venmore, Circuit Office, Merrow Methodist Church, Bushy Hill
Drive, GUI 2SH, email: circuitoffice
we
valle
circult.or

arcuit Meeting Members (Managing Trustees)
Circuit Meeting membership is made up of the ministerial team, Supernumerary ministers, Circult
officers, and representatives from the churches. Guldance on procedure and membership Ss taken
from the Methodist Church Constitutional Practice and Discipline and the Circuit Constitution.
Chair- Superlntendent Minister, Rev Dr Paul Glass
Secretory Louise Steele
Ministers-Rev Sydney Samuel Lake (retired August 2024), Rev Sam Funnell, Rev Adam Payne,
Rev George Kwasi Quarm, Rev Shaun Sanders (from September 2024)
Authorised Presbyter- Rev Canon Simon Butler (from September 2024)
Supernumerary Ministers - Rev Canon Robert Cotton (retired August 2023), Rev Claire
Hargreave5, Rev Peter Hills, Rev Barrie Tabraham, Rev J Allan Taylor.
Circuit Stewards -Helen Belsham, Nigel Campion-smith, Jean Normington, David Paterson, Linda
Weedon Iretired August 2024), Andy Seehusen, Ruth Taylor, Alan Steele (from March 2025)
Circuit Manses & Propety Steward- David Lander
Local Preachers L7nd Worshlp Leaders Secretary -Rosemary Lee
Safeguarding Officer - Andy Seehusen and Martin Seehusen
Lay Worker Representatlve - Allison Jackson {retired December 2024)
Church Representatives:
Addlestone - Fred Rowe, Cellia Kim-ford
Byfleet - Pamela Bailey, Vaughan Stsrkey,
Cranleigh Hilary Strawson
Godalming Margaret Ireland, Julie Rowllng
Guildford - Andrea Campion-smith, Michael Lee
Knaphill -Lynda Shore, Linda Todd
Merrow- Julie Wallis, Carole Steele
St Michael'5 Sheerwater- Naomi Belli (previously Belli Borovicka), Peter Francis
Stoughton - Carole Steele, Linda Macbeth
Walton-on-Thames - Duncan Curtis, Ros5 Richardson
West Horsley Margaret Faulkner
Weybridge - Robert Lewls. Linda Weedon
Trinity, Wokin8- John Ne150n, Sue Waddell
Reps to Synod..
Helen Belsham (retired August 2023), Margaret Faulkner, John Nelson, Linda Weedon.

Number of Members in Circuit 650
The membership figures for each church are those returned as at l November 2023. (In
brackets are the membershlp figures for each church returned as at l November 2022).
Addlestone Methodist Church
Byfieet Methodist Church
Cranleigh Methodlst Church
Godalmlng Unlted Church
Guildford Methodist Church (St Marfs)
Knaphill Methodist Church
Merrow Methodlst Church
St Michael's Ecumenical Church, Sheerwater
StOU8hton Methodist Church
Walton-on-Thames Methodlst Church
West Horsley Methodlst Church
Weybrldge Methodlst Church
Trlnlty Methodlst Church, Wokin8
14 (14)
50 (511
33 {40}
120 (130)
38 (37)
62 (67)
60 (59)
20 (181
21 (21)
59 159)
13 113)
22 (28)
104 (113)

PUBLIC BENEFIT STATEMENT
The trustees confirm that they have complied with their duty to have regard to the Charlty
Commission guldance on public benefit.
Aims and Organisation
The Wey Valley Methodist Circuit formation was approved by the Methodist Conference
in July 2016.
Under the auspices and governance of the Methodist Church it has its own constitution.
Oversight of the Circuit is exercised through the Chalr of the Southeast District of the Methodist
Church.
Clrcuit Misslon Statement..
The Circult commits to lead and support local churche5 in releasing the gifts of the Holy Spirit to
allow modelling of Christ-like lives, so that the good news of God's love can be witnessed in all
areas of worship, fellowshlp and outreach.
We aim to do this by:
Supporting opportunities for worship and falth sharing.
Encouraging sharing of gffts - both talents and material resources.
Promoting the passing on of experience in all areas of churth life through resource groups.
Facilitating training.
Ministers work as a team with pastoral charge of independent sections. They meet regularly for
support and prayer, and regularly with lay members of the leadershlp team for strategic planning
and updates on developments around Circuit business. Communication 15 facilitated through the
quarterly Circult newsletter, the Circuit website and the Clrcuit Annual Report.
The following are Trust attivities as approved by the Circuit Meeting:
To increase awareness of God's presence arid to celebrate God's love through the
provislon of regular public acts of worship open to members of the church and non-
members alike
The teaching of Christianity through sermons, courses and small groups to encourage
growth and learnlng through mutual support and care
Develop an attitude of service that enables members to stand alongside those in need
Promote attivltles that create opportunities for others to explore Christianity
b)
d)

Objectives for 2024125..
Help all Circuit leaders to continue to use their particular gifts in the life of the Clrcuit.
Explore opportunlties of covering specific areas of church Ilfe by employing lay workers.
Encourage and assist all churches to focus on strengths and opportunitles to grow their
churches and impacttheir communities in new and imaginative ways.
Improve interaction between churches facing slmllar Issues, challenges. and
opportunities.
Continue to develop an atmosphere of open trusted communlcation across the Circutt and
churches.
Provide a range of relevant and accessible trainin& partlcularly focusslng on maintalnlng
the highest standards of safeguardlng.
Continue to develop a five-year Strateglc Staffing Plan.
Review of Progress and Athlevements 2023124
In the Methodlst Church "the ClrcuSt Is the prlmary unit In which Local Churches express and
experlence thelr interconnexion In the Body of Chrlst, for purposes of mlsslon, mutual
encouragement and help" {from The Constltutlonal Pruthce ond Discipllne of The Methodlst
Church) To thls end the leadership team continues to encourage Interaction of churthes in the
Wey Valley Circuit.
The year continued to be challenging for churches with the curfent economic condition5 making
the retainlng and making of new lets challenging while facing and ever aging congregation less
able to perform duties within the churches.
The Circult flnanclal sftuation of the Circuit has continued to improved, helped by the return of
the pension Grant given two years ago to the Connection beln8 returned. However there are stlll
Significant financial issues that need to be addressed particularly as individual church
membership continues to fall. To insulate the Circult from the financial uncertainty of not being
able to meet ministerlal salary and housin8 Costs the Circult initiated three initiatives.
Firstly it froze the payment of grants except for emergency purposes during this financlal year- no
grants were paid during the year. Thls was achieved and wlll be carried forward into the comlng
year.
Secondly it actively reduced its C05t base by not seeking a replacement for Rev Davld Faulkner
and took the declslon to rent the manse out to obtain additional income. Both these actlons did
occur and there are no immediate plans to increase the number of staff in the coming year.
Thirdly It undertook to provide workshops with the aim of providlng churches wlth sUPPOrt and
idea5 of how to grow their membership and optimise their cost base. These have begun and
while there have been some green shoots that have occurred the most effective changes have
occurred as a result of direct interventlon of Rev Paul Glass and Rev Adam Payne who have
focussed on single churches provldlng detalled plans and suggestlons for how these churches
seek to build on their strengths to improve financial and membership.

Pressure on the Circuit preaching plan continues to grow the need for local arrangements for the
conduct of worship services, as a number of preaches have retired. The Circuit continues to
encourage churches to explore new methods of delivering sermons for worshlp as well as
growing local members to take the local arrangement service.
The Youth and Children's Work and Communications groups did not meet but receive regular
electronic updates.
Training has been offered to all churches, ministers and lay workers, including face-to-face and
online training. These have included the areas of safeguarding, food hygiene, and EDI. The
ministers are supported by their own monthly meetings, supervision on a regular as required
basis, and by the regular meeting5 of the Circuit Leadership team. Being mindful of our impact to
the environment we made use of Zoom, FaceTime, etc being employed.
The Cantonese-speaking Methodist congregations at Wokin& Trinity and Merrow Methodist
Church, which has grown from recent waves of immigration, has continued to increase in size.
There are a range of successful range of outreach activities across the Circuit, including a well-
used baby bank at Cranleigh, Clothes4U at Knaphill and a weekly Vigil for Peace at St Mary's,
Guildford.
The Circult's quarterly magazine, The Wey Forward, continued to be a key tool of communication
wlthln the Clrcult. These are available in hard copy as well as downloadable as a pdf vla the
Clrculys website. The website www.weyvalleycircuit.org.uk provided Information on the life of
the Circuit and its churches to both those involved and the general public. The quarterly
preachlng plan continued to be available here too.
To provlde fulk£dministrative support for the Circult, the Clrcult Admlnistratlon Officer and PA to
the Superintendent, contlnued worklng five mornin85 a week, with three of these mornings
working from horne.
The Circuit also employs a part time (5.25 hours per week) Safeguarding Administrator, based at
Walton, who meets periodically with the Circuit Safeguarding Officer, and the Assistant Circuit
Safeguarding Officer. This Circuit Safeguarding Team meets wlth the Superintendent Minister and
the Distrlct Safeguarding Officer as required. The local Church Safeguarding Officers meet every
six months with the Circuit Safeguarding Team. The Safeguarding Team are assisted by the
Superintendent Minister and District staff in keeping DBS checks current.

Fundraising
The Circuit 15 a financially stable and viable charity. As such, we do not rely on public fundraising
to balance our budget. We do appeal occasionally, via in the individual churches in our Circuit, for
additional funds to provide mission outreaches and to respond to local and worldwide disasters.
We are mlndful of the provisions of the Charities (Protection and Social Investmont) Act 2016 and
we are guided bythe Charity Commission publication 'Charity fundraising: a guide to trustee duties
{CC20) and the Code of Fundraising practice.
Approach tofundraising
We always ensure that our fundraisin8 is alway5 legal, open, honest. respectful and accountable.
We treat our potential donors honestly and decently, giving them the information, they need to
make an informed choice about their giving. Where fundraising takes place, we are aware of how
fundraising is being delivered; we know who is making the ask," we know what risks there are
from any fundraising activity; monitor if any complaints that are made about the fundraising
practice; and we use our complaints policy to deal with any issues.
Working with, and oversight of, any comrnercial participators/ professional
fundraisers
We do not work with commercial partners for the benefit of the Circuit. We do, however, support
local and national charities.
Fundraising conforming to recognised standards
As a Circuit, we ensure that Charity legislation is regularly reviewed and updated. We stay up to
date with the latest developments in the law and Code of Fundraising Practice through resources
provided by the Methodlst Church of Great Britain and through our auditors.
Monitoring offundraising carried out on behalf of the Circuit
All fundraising activity of significance must be approved bythe Circuit meeting (attended by all
trusteesl and all other by the Circuit Leadership meeting.
Fundraising complaints
Complaints will be dealt with through the Circuit Complaints Policy. None have been received.
Our commitment
A5 a Circuit we are committed to ensure that:
We provide protection to the public, including vulnerable people, from unreasonable
intrusive or persistent fundraising approaches, and undue pressure to donate.
We as a charlty will adhere to ethical fundraising processes in line with the Charity
Commi55ion's Charity fundraising: a guide to trustee duties {CC20).

Flnanclal Reports and Schedules
Wey Valley Clrcult Reserves Policy
The Wey Valley Circuit is part of the Methodist Church in Brltain Registered Charity no 1132208.
The Methodist Churchls divided into 29 Districts and each District is dlvided Into Clrcuit5. The
Wey Valley Circuit is part of the Southeast Dlstrict and has responsibility for 13 Methodist
churche5. The Circult has five primary goals:
l. To ensure that all churches under its control have the correct governance structures in
place as prescribed by the Methodist Church in Britain standing orders and the Charities
Commisslon.
2. To appoint and allocate minister(s) to the Circuit, within its financial capabilities, and then
allocate pastoral care of the 13 local churches to each of it5 appointed ministers. Where
there are insufflclent ministers to provide the required Services that suitably qualified lay
volunteers are in place.
3. To provide serviced housin8 for all appolnted rninlsters in accordance with standing
orders 8uidance.
4. To provide leadership and dlrection for churches to facilltate brin8in8 members of the
churches within the Circuit into a deeper fellowshlp with Christ.
5. To manage fund5 built up over time due to sale of Churche5, manse5, donations and the
like. These funds where they exceed the reserve limits will be made avallable for
allocation to churches, on receipt of an approved application, to fund repair5 and projects
at a church level.
The Clrcuit receives its income from the churches who contribute a fixed quarterly amount. thelr
assessment, which is determined annually based on fartors including the 51ze of the church and
its ability to pay. The Circuit draws up a budget annually which estlmates the level of expenditure
expected in the followlng year. The Circuit has four main areas of expense:
l. Payment of Ministerial stipends.
2. Payment of services, rates and repalrs on the houses allocated to ministers.
3. Payment of lay staff members and office costs relatln8 to the Clrcult Offlce.
4. Payment of the D15trict Assessment
To achieve its objectives the Circuit needs to ensure that it has sufficient funds to cover the
ministerial stipends, mlnSsterial housing costs and Clrcuit office costs so it can continue to provide
the local churches with the ministerial staff to ensure that local churches can continue to serve
their local community. As the Circuits income Is paid quarterly by each church the requirement
for each church to hold sufflclent reserves to cover their running costs and Clrcult assessment is
key part of the reservlng policy. Mindful of our Biblical responslblllty not to hoard it Is Important
that this be balanced with a sense that we need to be forward looklng and plan for known events
and responsibility for others lincludlng employees) is important. So the Circuit has set In place a
policy for churches to hold 6 months, running and assessment costs in reserve5. During the year
under revlew all churches were able to adhere to this polloi, however, some have been forced to
reduce reserves due to falling income levels.

At a Circuit level we have a reserves policy which requires us to hold 6 months, reserves of the
previous years running costs adjusted for any new known expenditure or adjusted for any one-off
expenditure items in the previous year. The Circuit 15 cufTently complying with this policy.
Where a church is struggling to meet its assessment, the circuit will reserve a further 6 months of
that church's as5essrnent.
Overview of reserves and expenditure
2024
351,897
2023
311.154
Change
Reserves excluding
Property
Yearly Expenses
Expense cover in
rese￿eS
407,810
0.86 times
410,283
0.76 time5
The Circuit has reserves in excess to meet the Reserve Requirements of 6 months. The Circuit has
not been made aware of any churches that will default on their current assessments.
Financlal Strategy
The flnancial strategy of the Clrcuit is drlven by the overall mission aims.
Specifically, we alm to:
Support the ongolng actI￿ties of C5rcult churches by providing financial asslstance where
needed to address urgent issues that are restricting or threatenin8 the contlnuance of
actlvities.
Provide adequate reserves to cover the obligations of the ClrcuSt whilst providing stabllty
in the individual church contributions to the overall cost. In line with guidance, as
described above, we are aiming to hold a general reserve representing 6 months,
expenditure.
As the slgniflcant sums currently held by the Circuit are designated for speclfic projects or to
cover for planned changes, the investment policyls for low risk and funds are held in cash.
The Unrestricted Funds are comprised of:
Designated Funds
9,695
Funds represented by illlquid fixed asset5 £4,785,000
Free Reserves
£ 342,202
£5,136,897
Total Funds
10

Financlal Informatlon
The Circuit has budgetlng for a small surplusforthe yearto 31 August 2025 and aiming to continue
the trend in the followlng year, owlng to a redurtion in costs reflectin& a reduction in the level of
ministerial stsffin& and rental from the manse which has been freed up as a result.
The financial statements are below.
These include the manses which are held in the Clrcuit accounts under a responsibility delegated
from the Trustees for Methodist Church Purposes (TMCP) from whom approval must be sought
when disposal or 5hort-term rental is recommended by the Clrcuit Meeting. Methodist properties
originally held in a variety of trusts were transferred to TMCP by an Act of Parliament.
Approved by the trustees on
and signed on their behalf by:
Rev Paul Glass
Chair of the Trustees
11

CIRCUIT
Accruals
ACCOUNTS
THE METHODIST CHURCH
STANDARD FORM OF ACCOUNTS
WEYVALLEY MEfHODisr
ClrcutL
FOR THE YEAR ENDED
31 AUGUST 2024
SOUTH WT
Distiict
Circult no
Reolstered Chèffty- Charfty R•glstfation numbgr
1737300
If not a regtstered charty Her Majest￿¥ Revenuè and Cusloms Glft ASd numbgr
IThe HMRC numbèr is equiv8knt lo a registered charity number li terms of gvwjerte of charlabl8 Staius and may be
useif lo gwe to donors or grant fvndets wish¥u to see evijence of the organsatK)nS charitabl& status. Melhodi$t
charitie$ tn England and Wales that are not regk%lered charit¢s are excepted from ragistratti)n under Statutryy
Instrument 2014 No.2421
Mmtsters:
Rev Paul Glgss
Re.¥ Davkl F8un(ner
Rev San!anlba Funnell
Rev Pay.n¢
Rov Sydnoy. Samuel L8ke
Rev J Alan Tayk
Rev Barr￿ Tabraham
Rèv Peter Hil
Rov Georue au8rm
Rov Clawe Har
r88ves
Cwtiuil Sltiwaids:
Mr8 Llnda Weedon
Mfs Hekn Bolsham
Mr DavkJ Lander
Mr Andy. Seelusen
Mrs Ruth Tayknr
Mrs Jean Nnrmln
on
MrNi
el Cyin
K)n.Smllh
T￿aSUrer.
Mr DOVKI PAlerson
>)Ise1rth￿ R P.￿¥

Wey Valley Methodist Circuit
Trustees, responsibilities statement
Year to 31st August 2024
The truslees are re8pon81ble for preparing the Trustees, Annual Report and the financi81 statements in
accordance with applicable law and United Kingdom Accounting Stsnd8rds (United Kingdom Generally
Accepted Accounting PractiGe).
The law applicable to charftles in England and Wales requires the trustees to prepare financial stslemenls for
each financial yearwhich give a true and fair view of the state ofaffairs of the charity and ofthe incoming
resources and application of resour(*s of Ihe charity for that period.ln preparing these financial statements, Ihe
trustees are required to..
select suilable accounting policias and then apply them consistently.,
' obsetve the methods and principles in the Charities SORP;
. makejudgements and estimates tr)atare roasonable and prudent.,
' state whe1her applicable accounting standards have been followed. subjectlo any material depathres
disclosed and explained In the financial stalements.,
prepare the financial statements on Ihe going concem basis unless it Is inappropriate to presume Ihatlha
charity will cnntinue in operation.
The trustees are ￿sponsible for keeping properaccounting recordslhatdlsclose wlth reasonable accuracy at
anytime Ihe financral position ofthe charity and enable them to ensure that Ihe financial statements comply
with the Charities Act 2011, tr)8 Charfties (Accounts and Reports) Regulations 2008 and the provisions ofthe
trustdeed.They are also ￿SPOnsible forsafeguarding the assets ofthe charity and hancefortsking reasonable
steps for the prevention and deteclion offraud and other iffegularitie5.
Approved by the trustees on...
nd signed on theirbehalfby:
P Glass Chalrof the Trustees

Name of Circuit: WEY VALLEY METHODIST CIRCUIT
Circult No 2016
statement of Financial Activities (SOFA) for the year ended 31 August 2024
Notes to
Genèral Clr¢uit Modèl Dèsignatsd
the
Fund
Trust
Funds
account (Unrestricted (Unrestricted {unrestricted Total
2023.
Total
2022-23
Income
2 Inix)me from monelary investments
3 Ine£)me from investment properties- letting8
4 Assessments on Churches
6. Assistant Chair Allowance
7 Other charitable income
8 Total Income
19.099
18,000
407.904
15.884
3,138
464,025
19,099
18,000
407,904
15,884
3,138
464,025
10,434
400.699
14.770
425,903
Expenditure
9 Grants and donations
10 Salaries and assocAated costs
11 Expendilufe on property
12 South East District assessment
13 Methodist Conne￿onal Fund and TMCP Levy
IS Offlc& expenses
16 Other outgoings
17 Total charitablo eX￿ndItur0
18 Gainslllosses} on monetary investments
19 Gains/{losses} on investment properties
20 Net Incomel{expenditure)
21 Transfers between fijnds
22 Olher gainsl{losses}
23 N&t movomont In funds
24 Total funds brought fO￿ard
25 Total funds carried forward
12
-45,000
277,314
54,963
15,012
64,307
11,146
2.311
380.053
-151
205,551
117,676
15.012
65,006
20.588
281
423.552
205,S51
117.676
15,012
65.148
20.588
-281
423.694
412
142
142
412
40,473
270
40.743
45,699
40,473
5,035,173
5,075,646
270
51.286
51,556
40.743
45.699
5,096,154 5.050.455
5,136,897 5.096,154
9,695
9,695

Name of Circuit: WEY VALLEY METHODIST CIRCUIT
Clr¢ult No 2016
Statement of Financial Activities (SOFA) for the year ended 31 August 2023
Notes to
General
Clrcuit
Designated
the
Fund
Model Trust
Funds
account (Unrestricto Iunrestrlcte (unrestricted
Total
2022-23
dl
dl
Income
1 Donalioris and legacles
2 Income from monetsry investments
3 Income from invesknenl properties- lellings
4 Assessments on Churches
5 Capltal Re¢eipls
6. Assistant Chair Allowance
7 Other charitable income
8 Totsl income
10,434
10,434
400,699
400,699
14.770
14.770
425,903
425,903
Expenditure
9 Grants and donations
10 Salaries and asso¢lated costs
11 Expendllure on propety
12 South East District assessment
13 Methodist Connexional Fund and TMCP Levy
14 Depreciation
15 Office expenses
16 Other outgoings
17 Totsl charftable expenditure
18 Galnslllossesl on monetary investments
19 Gainslllossesl on investrnent properties
20 Nel incomellexpendllurel
21 Transfers beiween funds
22 Other galrsslllossesl
23 Net movement in funds
24 Tolal funds brought lomard
25 Total funds carrled forward
12
45,000
277,314
54,963
15,012
61.952
45,000
277.314
54.963
15.012
64.307
2.355
11.146
2.311
377.698
11.146
2.311
380.053
-151
2.355
151
48,205
1,517
-2,506
1.517
45,699
49,722
4.985.451
5,035.173
4,023
55,309
51,286
45.699
5.050,455
5.096.154
9,695
9,695

Name of Circult
WEYVALLEY METHODIST CIRCU
Clrcult No 2018
Balance Sheet as at 31 August 2024
G•n•ral FuThJ
IUr*••irlcl&d)
Di8irtct Advanc•
Fund
lllnrp$trl¢tsd)
De$lgn8*Jd
Fur
r•*lrf¢thdl
Tolals 2Q24
Tolab 2023
Accounts
11111
Flxod A•s0ts
4765WO
4 785 000
InNEslrn&nl
rtKg$
14
5.742
742
Totyllx•d•s$•ts
4 785.000
5.742
4 790 742
4 79D 33Q
Lkblo
Loan5 b Ihe C¥Blrici
InvgsinEDts %1lh TMCP
Contsal Fniarth Boa￿ Dtr oslts
at B4nkand in hand
14
15
15
231
62
695
28T
71
126751
9.396
454.989
438.739
45,D14
494.248
Curr•rrt Il&blllllos
Ctsdrtot5 (due kn under I
Grnhts payabb Wthln 1
IIB.093
10,IJOQ
128093
11B093
10.000
128193
366 YSS
ar
10.OfJti
12ft IR5
325 8?4
Nèe￿*￿ntasSetsm*&J$ltityS
Tptsl*ss•l¥ ¢Jffrnrtll•blMV•s
Ot)G 640
97
5 110 15
Lofigtemillabllltles
ermor• thin
(du*
8 blB aft81 rTrire thon l ￿¥Jr
Loarbs to the 0￿1￿1
17
20
4075,64e
51W6
9.695
Flthdg of IhD Dlstrl¢1
Gen*ral Fund
nrns1￿ed
D￿t Ad￿n¢* Fund Uthosttstedl
tkn*n8led Fund5 lUn￿&t￿Lled)
Totsl L&Kestrlc*d Funds
f1ts6t￿d FuThJ8
S Q75 64Q
6 Q76
51,65
.695
5 035 173
51,286
9,695
51,556
21.2
9,695
22
TotslFund$
13e.897
5.ose,15
Slgned
David Palerson
Wey Valley Methodlst Clrcuit Trpasurer
Date:

Name of Circuit
WEY VALLEY METHODIST CIRCUIT
Circult No 2011
Balance Sheet as at 31 August 2023
General Fund
(Unrestricted)
District
Advance Fund
IUnrostrlcted}
Designated
Funds
IUnre$tricted)
Totals 2023
Notès to the
Accounts
Illl
Flxfrd Assets
Tan
Ible fixed assets
Investment DfoDerties
Investments
13
4,785.000
4,785,000
14
5.330
5,330
5,330
4,790,330
Total fixed assgts
4,785,000
Current Assets
Debtors
Loans b the Dlslrlcl
Investments wlh TMCP
Central Finance Board De
Cash at 88nk and in hand
Total Current assets
Current Ilabllltles
Creditors
due in under 1
Grants
a able within 1 y&ar
Total currentliabllitles
Net current assetslllabllltles
15
36,586
14
15
15
226.603
126,751
9,398
399.338
45,956
9,695
282,254
126,751
9.398
454,989
osils
45,956
9,695
ear
119165
119.165
10.000
129,165
325.824
17
10.000
129,165
270.173
45.956
9,695
Total assets less current Ilabllltles
5,055,173
51,286
9,695
5,116,1 $4
Long tem Ilabllltles
Idue after more than one year)
Grants
avable after more than 1
Loans to the District
17
20,000
20.000
Net assets
5.035.173
51,286
9,695
5.096,154
Funds of the Dlstrlct
General Fund Iunreslridedl
Dislrfct Advance Fund Iunreslrlcledl
21.1
5.035.173
5 035.173
51,286
51,286
9.695
Designated Funds Iunrgslrictedl
Total Unrestrlcted Funds
Restricted Funds
21.2
9.695
22
Total Funds
5,035,173
51,286
9,695
5,096.154

Wey Valley Methodist Clrcuit
Yearto 31st August 2024
Notes to the Accounts
1 Basls of accounting
The fin8n(#al ststements have been prepared under the Charilles Acl 2011 in accordan(￿ with the Charlties: Statementof
Reojmmended Practice {SORP} applicable to charities preparing their accounts in accordance wilh the Financial
Reporfing Stsndard applicable In the UK and Republic of Ireland IFRS 1021-
2 Going conc•rn
The Trustees have o)nsidered the impactthe financial dlmate on the recovery ofthe Charity's income and operating ca)sl
base. Whilst it is not considered practical to accurately assess1he impacts of the CUTrenl economic climate. the Trustses
remaln confident based on recenttrends plus Ihe dedsions and plansthey have place will be suffiecentlo deal with any
financial pressures that may arise.Th8 Trustees have prepared fore(3s15 of income and expenditure forthe perfod to
31 Augus12025 and have considered a period of 12 months from the date ofapproval ofth8 financial sfatements whith
shows thatthey have sufficient t8serves to be able to conlinue foi Ihe foreseeable future. They will (￿ntInue ID monitorthe
impact on income and take appropriate action as necessary. The Trustees therefDf8 continue ID adoptlhe golng concem
b8si8 of piep8ralon fr)rthese finandal statements.
3 Furbds
The funds held constibJte' G8neral Fund8 held for any purpose of Ihe Circuit which are unrestrtcted. The Clrcuit Model
Trust Fund has wide purposes defined in Standing (Trders and is categorised as unrestricted. Restsld8d fvnds which are
held for a narrower purposè. Delails of each material fund are disdosed in the flnal note to these acLounts. Any fund$
may be represented by more than just cash.
4 Publlc ￿nefIt entlty
The Wey Valley M&thc¥Jist Circult meets Ihe definltion ofa public benefit entity under FRS 102. Assets and liabilllies ar8
inillally reeognised at hisloric cost or transaction value unless olherwlse staled In Ihe a¢counbng policies note($) bèlow.
5 Accountlng p)licles
asi$
These attounts have been prepared oft the basis ofhistori¢al costexcepl that Freehold Propety has b&en revalued ki
frdSr value at Ihe yaar end and investments arè shown attheir market value al the end ofthe year. on the a￿1￿&1$ basis to
show a true and fair vlaw of the Clrcuiys financaal posi11on and acllvllles.
Income Recognltion.
Income is induded in the Sfatementof Flnancial Aclivities {SOFA) when Ihe Circuit becomes entilled lo the resources, and
Ihe trustses are r8asonably ￿rtain Ihey will re￿1ve Ihe re60urces' and the mnalary value con be measured wilh
sufflrient reliability. Assessments on Churches are annually delemiined by the Clrcuit and paid by the Churches quarterfy
in advanc&. Ino)me is accounted for on a re￿1Vable basis. Income received in advanc8 Is deferr6d to the perfod to which
it rèlabs and any unpaid assessment is shown as a debtor.
Rgsources Expgnded
This is recognised when a Ilablllty Is Incurred. or a conslructive obligation arises, Ihat results in thè payment being
unavoidable. Liabilities are recognised as soon as an ouffiow Ofe￿nOmIG benefft is considered more likelythan not
underthe189al orconstruclive obligation ￿mMitt1ng Ihe Circuit tr) pay out resources.
Granls
Grants ar8 recognised in fijll when the award is made on(x thp Circuit atLepts Ihal there ig a legal or ￿nstrUCtive
obligation to make the payment and that such payment is probable.
VAT
sin￿ the Circuitls not VAT r¢gi5t8red, 811 Inpul VAT Is charged wilh the 8xpènses to whith It refor8.
Tanglbh Ilxod as59ts for wjo by the C*¢ult
These 8re capitali88d If they can be usgd for more than one year, and individually costat least £1,000.
The freehold propetyis shown In theaccounts ai valuation , ofwhich the land ¢omponenl isdeemed to be £1J75,500.
No deprec4ation is provided on the bulldlng$ because the Iruslees considerthe current resldual falr value of the manse
buildings {on the assumption that it had reached the end of ils Lbseful economic lite by the ye8r-end) to be notless than Its
urrentvalue. Any depreclation would not be material. Thg Cost ofthe propertles 18 not known.
Investment Propertks
nvestment properties- no propety Is currendy deemed to not be held forlhe long le￿ purposes ofthe charity.

Wey Valley Methodist Circuit
Yearto 318tAugust 2024
Notes to the Accounts (continued)
S Aecwnting policies Icontinugd)
Invoslmerbts
The investments of the Circuit are held by the Trustees for Methodlst Church Purposes ITMCP) as custodian truslees.
The valuations, al marketvaluè, ar8 those provided by TMCP. The unrealised gains arising on investmpnts atthe end
of lh8 year are shown in the SOFA
Dobtorg and Prepaymonts
Dèbtors are stst6d atthe amounts owed to the Circuit or prepaid.
Crgdttors
Creditors are initially recognised at settlement amount after any trade discounts, wh8r8 nomial credlt tems apply. or
amountadvanced to the CircuiL Subs6quènly fftditors thatare current liabilities are measured atthe cash or other
conslderation expected to be paid.
Bank and Cash
The Ilquld funds of bank balances and depo8llaccountbalan￿8 ar8 shown atlhe realisable values
Methodlst Connexlorbal Funds
The Methodist chU￿h Connexion rai$es assassrnent against Circuits and th8s8 are paid quarterly to Ih8ir Dlslricts. The
Cir¢uits raise assessments against Churches in the CircuiL Th8 District quarterly remits to the Methodist Church Fund
most of the fijnds receivèd from Clrcuits. A small sum is retained by the Dislrict to meet its own costs.
Penslon
Stipendlary Circuit Ministers are ellglble to join the Methodist Miniskr8' Pension Scheme (MMPS). The MMPS is a funded
defined benefit scheme malntsined by The Melhodist Church of Great Britain. As the Circuiti8 unable to identify its share
of Ihe underfylng assets end liabilities ofthe scheme, the Clrcutihas lak8n the advantsge ofthe exemption in Financial
Reporting Standard 102 Reti￿rnent Benefits. and has aC￿Unted its contributions to th8 schema as if il were a defined
contrlbution sch8me. The pension costs for the scheme represent the o)ntribution payable by Ihe Circuit in the year.
The conlribution r8tes are set each year by the Methodist Conference,

Wey Valley Methodlst Clrcult
Yearto 31stAugust 2024
Notes to the Accounts (continued)
2024
Total
2023
Total
6. A$sessmorts Chwche8
Unr•strlcted
Addle8knne Methodlst Church
Byfi6ot Methodlst Church
Cranlèlgh Mbthodist Church
(knalming United Church
13Jildfj)ffl Methodist Chur(*
Knaphlll Methodl81 Church
Merrow Melhodlst Church
st Mlchaels Sheerwater
stoughton Methodlst Churth
Walton-on-Thames Methixllst Chuff
West Hor$18y Methodistchurch
we￿id9& IAethodlst Church
Trinity Melhjdlsl Church
Totsl
12.794
39.919
23,921
74.624
16.740
I2￿13
39222
23,503
n.321
16848
44.656
37.1 JQ
31
14J72
37
9M5
14,103
75211
39,919
23,921
74￿24
16.740
37,790
2,399
15238
38274
37,790
2999
15238
38274
9J59
14.353
76348
407J04
14.353
76.548
4O7J04
7. Othèr Chirital*
Other inGomg
Mansg letting Income
Total
3,138
18,000
3.138
18￿00
8. Inctyno frtyn Monetary *westhi•n
Central FOTrano Boartl - knlerest
DI￿dendS
Other Bank Int8rest
Total
15.980
15J80
9.100
10,434

Year lo 31$tAugu812024
Note6 to the Accounts Icontlnuèdl
2021
Yrnyeiandothereipenv5wqro relmbirt•d&) truBknbsa&￿ll0Ws
NumberolknJBleeswhowEr6 paid
T(rtalaMourawld
12.242
Oth*rr¢latsdvfiytr4n￿1Ètkn
The ar￿lIp[¢*d9sjr&nts ID its mnstill￿RIrfiU￿h03 8$ dèbied 12. The ¢Iffjuilièr*iW$ fvJndiry I￿rn
cnJtt*eÈ AÈ Oisdo$gd In nots 6.
6Wn•y SBmu•l wcèl¥Qd al*¥vln9 •rf￿£S1o h)VohKti ¢offlthbuiqd. Th• ClrDJi&'Jham oltt*
Pr¢Gbyb3F8oeoJpythe mbfi£8$ownt¢J ¥non4iThkSnedbythB Circuil, Asl8lhtUSUql praBkne4, manse ut411tsand OthÈr
tos&4r*paid bythg Cirthlllnd •re nolirdudèd &bow Dok•. Ihe 8ts*meThlolFin*nti8lAdhVl￿8S showslh•
fjtsoltho ¢vdng tha year. h9 Bl*ernployee$.theyrnoy£l*o rotol¥q oipenses
ih•¥•wWoyrn•ntwhl(* gr8 Indtsd•d in b•abov•thKJD¥L¥•. D*￿1￿01￿19118￿￿¢ p•nJSoDs•r• bd¢w.
dvjrrth EAnployeeg pald byh•
¢￿￿￿r￿en￿on trJ*AndNllthnn0 ￿•>￿tr.
32.13B
O•wd Faulkner
?f.YU4
27,1ts1
29234
29?y
32,1.18
?9.7gT
Iobi arnOunip4kl
123A44
142.2BO
P￿1 (4a¥&
Dal￿d Fwlkner
7ffj1J
72
?244
1244
7244
7214
7￿1?
7012
7¥12
T￿￿1 orTN]Uni￿4
' Pr¥•b￿rI￿r• pllld •pre¥¢t1b•ditspond0pp￿¥ed byth• Ikknodillconkrn￿&7.
IAi4nl•l•r¥Dnd•¢￿
I￿r￿li￿d ￿ bofN51aqi 01￿0 Chartty byth&cDnslWIODolth• c1￿1t￿l0￿￿￿ bid down byth• M•thgdlrtChvr(*
JeJ2D
Itb. F••1 trournkwtlon¢Jr4udltdthD4Cc(￿rt
tor5fe8$ 5)rTeporUTra on tre #L*o￿￿k1
4,VOO
4.90
st4l1CfAl•￿￿j&dJrlr￿th0 yvlrYAIt•'.
1TdA44
74*79
12249
13.7
32249
142280
FJnF4ny<$ Ntt*ohAI &sts
DtWparniitythepBftsiMfund re*Jw
2D5351
4mth•ddwftyth•y*4r￿v1'.
ThgcwJIlpa￿p￿p1oy•85th(CL¥h c•ntrAI M•thOL4*p4￿dl 6Oèfflwhl¥* Is B01upatPArwill•vel * InrlJdglay
ery￿0￿¥0[￿• LI￿￿1￿u(rjjeL
' So• not4 9
NoèmpknyBo8N(*l¥*d amployiv bpn*f*¢riornuo•rthn{0%￿dmo•rtwthl￿lO*ofiW6b1 DfrrmthBn E60,000.
¢11¥47l*Jp•rlnhnd•nl,Pr••tyt•Mandlr￿th
Th& &J￿￿nI￿nd6nI ol the Cirtts1L and Dther PteÉbyth and th• rnmAi￿In9 Memb8￿ or• ¢ons1(knd bi be Key
Monegement Pornonn81. Thb Sup8rfnLsvd•nl L*git8 th8 CilfAAI mè*Jng$. thmbjrn ol the CiTculI ar8
ol th• CArvJiL Tho atsprynd&, ery19￿rI IIIC enw&)54rS Dnd oth¢r•*p¢nsoB ofthe
p￿b￿lS01￿0 Ckcu1tOT• paid
P•nskms
o￿aIned Prmblts￿ llnrt d4£con8 mBmb•r4 01thg KtsthodlqiuinlÈkir# P4Trslon thWPSl whlL* * a
d¢lined benÈlil $thamo. The Supreme Gourthghj in2014 IWMèknth$t ministsra Iwhlth him indude5 pr￿b}I•l￿a
d*Bw￿}lre ADl0￿¢ye•9 ufth+ chu￿1, Fgr*rnF4idrs, ￿)￿*￿r.¥lhPn dgBlinH wlthNvlon•l Cothbulon•
nop￿￿0￿ tr)nkSbuttDnl, th• lfjrrns'employorf qnth'omployoB'aTrv2•da*hgywouhl bo Inan ¢1￿10￿1￿ tr￿lY.
Lay gIV L¥Jntra¥￿p1IY emplgyt•4 4nd rnoy b• Nquirnd lo b8 au￿ •nfoll•d In ClroJii* NEST lJJts>
qfKoln*Dt whlEh Is e delned A benèfii CirLJJii An I) kni
s¢hv
Th8¢wnwlUn4￿U￿b MMPSpIn￿an￿￿8ffi&l¥TrolWthO ￿ur•s￿￿￿•fjnnU￿l ￿thod111¢￿￿fth In L¥•81
n gcoJwi%. Th8 KIMPB IB In d•l(il bJt • plan teff￿V41 of the d•lltiL h•B b•gn •nd Is belivj
Chwdi
E•th Pl•￿V￿* |s•ThOU•d 3monlh sabbBrtcthl•N￿ry sy8￿ ihe •KPBllEo1 Inrlirrnd hyth8 PrO¥bWw8￿ rn￿bY
th•C￿￿•#I￿n bpJyth•qOpond. %•{rth•￿ Ivsb•Dn no vabba¥c41u. The CIK*thi
rtoegnoldeuuo S)rhollttBy p¢y￿￿rABl1gr&￿lnl￿O￿1a￿CfWwthO holdayAqsnÈ8dodwl￿0￿1eX￿￿ pay.

Way Valley Methodl8t Clrcult
Yaar to 31st August 2024
Not•s to the AcGounts (contInU￿>
12. Grants arml D¢xwtlrn• approv•d ty th• CIrC￿ M••tlng
21J24
2023
Dlstsl
Sheefwabr
Trfnlty
Tatal tar th&y•ar
145,0001
(45.000}
To churth

Wey Valley Methodist Clrcuit
Year to 31 st August 2024
Notes to the Accounts (contlnued)
13. Tangli )19 Flxed Ass•ts
M8nses were ￿valued on 17th July 2021 at fair value at 31st August 2020 by Christopher Winser, Chartered Sufveyors
IRICSI 8 Regi8ter8d Valuer with experience in Ihe area.
R￿IdentIal
Land
Other Land
Manses
Total
gquipment
Balance broughtk)rward
Additions
Revaluations (+k)
Dis
osals (-
Transfers ' (+l-)
Balance carried forward
Accumulatsd Oeproclation
4.785.000
22.028
4,807,028
4,785,OLX)
22,028
4,807,,028
Basls
Rale
SLorRB
RB
200
Balance hroughlfoNard
Depre(aalion char
Revalualions (+l-)
Dls
sals
Transfèrs'1+1-)
Balance carried forward
Net book value
Brought fi)￿an1
Carried forward
22,028
22,028
22.028
22.028
4,785.000
4.785,000
4,785,000
4,785,000
The rnanses arp held on trustfor use by Ihe Clrcult In the namos ofThè Trustees ofthe Woking Wesley Manses and
Tnjskes for Melhodisl Church Purposes, In the event ofsale the charlty only recelves a proporlon ofthe Pro￿ed$ and
may applyfr)rgrants from the remaining balance.

Wey Valley Methodlst C ircuft
Yearto 31st August 2024
Notes to the Accounts (continued)
14. Inv08tmonts
The funds that support the Circull Model Trust Fund and Ihe Manses Fund a￿ held by TMCP In Trustees Inkrest Funds
on whlch In(e￿$t18 credlted to the accounts each month. These are ￿garded as medium and long tsrm Inveslments.
TMCP is lh8 legal owner and Custodian Trustee of all Methodist Model Trust property. Induding Legaoies, EndowmenL8
and Accumulaled Funds. TrLisl propoty is held for and on behalfof local Managing Trusl8es who are responsible for Ihe
day to day m8nag6mentof trusl property. TMCP &nsi.Ir() Ilial, through proyidlng guidance ancl acting under their
direclion. the Managing Trustees comply wilh charity law and Methodlst law and policy as determinod by kne VEthodist
Conference.
Analysis of Investment movements
2024
5,742
2023
Investments Ilsted on a reex)
nlsed Stock Exchan
Investfflenls held in common inv&strJenifiJnds,
SecuTities not listed on a re
nised Stock Exdlan
tjher invesbnents- (xsh
287.071
292.813
282,254
287,584
Total
Cha
e In Inv8slment value5
Ca
in
market
value at be
innin
Add: additions to investrnents at cosl
Less: dis
osals at ca
value and n8tcash wilhdrawals
Net alnl
loss
on revaluation
Car
market
value at ftnd of
of
ar
267.584
5.641
341,821
54.087
150
412
292A13
ar

Wey Valley Methodist Circuit
Year to 31st August 2024
Notes to the Accounts (continued)
IS.Analyd5•1¢urrent assets
2024
2023
Debtwsandpfepzffjients
Outstandingpa￿neThtSfDI lry workws
14.796
15.902
44,130
18,210
93￿38
20.998
15,S88
Prepaymentsand accrued Income
Otherdebtors
Qui￿andIng3s￿￿t paymellts
Totsl debtorsand prepayrnents
36,586
Anayslsof￿shaIb￿k
Bankbal8ncehdd in Barclays
Bank ba1￿ceheld In CAF Bank
)kbalancehdd In CF&Bank
Cash In hand
Totsl Cash am1￿k
3.655
4.839
4.561
12G.751
31,702
78,782
114.139
136115]
16. An•lWsof curr*ntllAbllltleJand l¢nÈtermcr•dltors
2024
2023
TradeCr&Jltors
PrepaldAssttsmthts
orher Crejltors
Total CunentU4Hlltles
97.037
21,056
118.093
95,655
23.510
119.165
17a Grknts¥ppros*d but not pald du• vAthln on• yE4r
2024
ZOZ3
een¥aterthur¢h rooerepalfs
Sheerwatsrchwch
TrinltyM*thodlstthur¢h ffia1nten￿￿ ￿d$ll￿a*S
10,000
10,000
10.000
17b. Graitsapprovèd but not pald due oftorvne year
20Z4
2023
Sh￿r*￿terchurch-￿IQ.Ol)ll PEf yearfor2 years
20,000
20.UOD
20.000
20.000
18.Capltsl CommltmEnts and ContlnBent Llabllltles
Theclrcult had no commitrnentstD Circult Churches lor propwty maintenan￿al theyear end othor than 8r•nts that were ¥Jeed by thtclrcult
Me£tln8.
Therewereno Contin8a)t liabilltle5 attheyear end.
19. Volunteercontrfbutlons
Every ￿lIty wlthln the Methodlst Church In Great Britain Is h￿¥blY rdlant ort volunt￿r5 who rontrlbule thelr skllls, tlme and rnon￿ In
fvrtherance of the work of the Church. Prlncipally thls contribution is by swvln8 on commItt￿5 of the Clrcult that Lleal wlth misslon, mon￿,
finan¢¢ Brant¥ tiainlngand dthl¢pment.

11111
1111
11111
111111
11

Independent Audltor's Report to the Trustees of the
Wey Valley Methodist Circuit
This Report is on the Circuit Accounts for the year ended 31st August 2024
Oplnlon
We have audited the financlal statemenls of Ihe Wey Valley Melhodisl Circuit (the 'charlly'I for the year
ended 31st August 2024, whlch comprlse the Statement of Financial Aclivily, Balance Sheet and Notes to
the Financial Stalemenls, includlng a summary of significant accounting policies. The financlal reporting
framework that has bean appli6d in their preparation is applicable law and United Kingdom Accounting
Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the
UK and Republic of Ireland {United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financial slalemenls:
give a true and fair view of the stale of the charity's affairs as at 31 st August 2024, and of its incoming
resources and application of resources. for the year then ended:
have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the r6quiremenls of the Charities Act 2011.
Basls for opinion
We conducted our audit in accordan￿ with Inlemational Standards on Auditing (UK) IISAS (UK)) and
appllcable law. Our responsibilities under those stsndards are further descrlbed in the Auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant lo our audll of the financial statements
in the UK, includlng the FRC'S Ethical Standard. and we have fulfilled our other 61hlcal responsibililies in
accordance with these requlremenls. We believe that Ihe audil evidence we have obtained is sufficient and
appropriate to provlde a basls for our oplnion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concom basss of
accounting in the preparation of the financial statemenls is appropnate.
Based on the work we have performed, we have not identified any malerSal uncertainties relaling to events
or conditions that, individually or collectively. may cast significant doubt on the charity's ability to conlinue as
a going concern for a period of al least Iwelve months from when the financlal statements are authorised
for issue.
Our responsibilities and the responsibilitiès of the trustees wSth respect to going concern are described Sn
the relevant sections of this report.
Other information
The Irustees are responsible for the other infomiation. The other information comprises the informallon
included in the Iruslees, annual report, other than the financial statements and our auditor's report there on,
Our opinion on the financial slalements does nol cover the other information and, except lo the extent
otherwise explicitly slated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infomation
and, in doing so, consider whether the other information is materSally inconsistent with the financial
slalements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
idenlrfy such material inconsistencies or apparent material misstalemonts, we are required to delermine
whether there is a material misslatemenl in the financial statements or a material misst81ement of Ihe other
information. If, based on the work we have performed, we condude that thare Is a material misstatement of
this other information, we are required to report thai fact.
We have nothing lo report in this regard.
Matters on which we are requlred to report by exceptlon
We have nothing to report in respect of the following mallers in relation to which tha Charilles (Accounts and
Reports} Regulations 2008 require us to report lo you rf, in our opinion..
Ihe infomiation giv8n in th6 financial statements is inconsistent in any material respect wSth the trustees.
report; or
sufficient accounting records have not boen kepl,. or
the financial slatemants are not In agreement wllh the accounting records,. or
we have not rèceived all th6 informatlon and explanations we require for our audit.

Independent Auditor's Report to the Trustees of the
Wey Valley Methodist Circuit (continued)
Responslbilitles of trustees
As explained more fully in the trustees, responsibilities slatemenl, the trustees are responsible for
the preparation of financial statements which give a true and fair view, and for such internal controls as
the trustees determine is necessary lo enable the preparation of financial statements that are free
from material misstatement, whether due lo fraud or error.
In preparing the financial slatemenls, Ihe trustees are responsible for assessing th8 charity's ability lo
continue as a going concern. disclosing. as applicable, matters related lo going concern and using the going
concem basis of accounting unless the Iruslees either intend lo liquidate the charity or to cease operations,
or have no realistic alternative bul lo do so.
Auditor's responslbllltles for the audlt of the financial statements
We have been appointed as audllor underseclion 145 of the Charities Act 2011 and report in accordanc6
with the Act and relevant règulations made or havlng effecl Ihereunder
Our objectives are lo obtain reasonable assurance about whether the financlal statements as a whole are
free from material misslalemenl, whether du8 to fraud or error, and lo issue an auditor's report that includes
our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audtt
conducted in accordance with ISAS {UK) will always delecl a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered malerial if, individually or In the aggregate,
they could reasonably be expected lo influence the economic decisions of users taken on the basis of thes6
financial slatemenls.
Extent to which tha audit was capable of dotecllng Irregularllles, Includlng fraud
Irregularities. including fraud, are instances of non-compliance wSth laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material mlsstalemenls in respect of irregularlties. including
fraud. The exlenl lo which our procedures are capable of detecling irregularllies, including fraud 15 detailed below..
Agreement of the financial statement disclosures to underlying supporting documentation,.
Enquiries of the trustees as to their identification of any non-compliance with laws or regulations,
or any aclual or potential claims.,
Review of minutes of Board meetings throughoLrt the period;
incorporallng unpredlclabilily into Ihe nature, timing andlor extent of testing.
Evaluation of the selection and applicalion of the accounting policies chosen by the charity.
In relation to the risk of manag6ment overrlde of intemal conlrols, by undertaking procedures to reviow joumal
entries and evaluating wh8lh&r thera was evidence of bias thal represented a risk of ma18rial misslalement due to
fraud,. and
We assessed the susceptibility of the charity's financial stalements lo malerla1 misslatemenl. including how fraud
mlght occur by considering the key risks impacting the financial statements.
Our audit procedures were designed lo respond to risks of material misslaternenl in the financial slalemenls,
recognising that the risk of not detecting a material misslatemenl due to fraud is highèr than the risk of not detecllng
one resulting from error. as fraud may involve deliberate concealment by. for example, forgory, misrepresentations
or through colluslon.
There are inherent limltallons In the audlt procedures performed and the further removed non-compllance with
laws and regulations is from tho events and transactions reflecled in the financial stalemenls, the less likely we
are to become aware of It.
A further description of our rosponsibilities for the audit of Ihe financial statements is located on tho
Financial Reporting Councll's website at.. ￿.fr¢.Org.uk18udlt0rsreSponslblliIles. This description forms
part of our audit report.

Independent Audltor's Report to the Trustees of the
Wey Valley Methodlsl Circuit {conlinued)
Use of thls report
This report is mada solely lo the charSty's trustees, as a body, l accordance with Part 4 of the Charities
(Accounts and Reports) Ragulations 2008. Our audit work has been undertaken so that we might stste
lo the charity's trustees those mattèrs WÈ are requSred lo slate to Ihem in an auditor's report and for no
olher purpose. To the fullest extent permitted by law, wa do not accept or assume responsibility to
anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for
the oplnions we have formed.
Begbies Chartered Accountants & Statutory Audltors
9 Bonhill Street
London
EC2A 4DJ
Dated:
Begbies Is ellglble for appointment as auditor of the charity by virtue of ils ellglbllSly for appointment
as auditor of a company under section 1212 oflhe Companies Act 2006,