BLACKWATER VALLEY METHODIST CIRcurr (FORMERLY KNOWN AS THE HANTS4URREY BORDER METHODIST CIRcurr) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Contents Page Reference and administrative details Trustees. Report Independent Examiner's Report Slatemenl of Financial Activities Balance Sheet Notes to the Financial Slatements 10 11-13
Bla¢kwaterValley Methodistcircuit (FORMERLY KNOWN ASTHE HANIS-SURREY BORDER METHODIST CIRcuirJ REFERENCE ANDADMINISTRATIVE DEtAILS Tru8teeJ Ann Adams Aile8n Ashby Rev Kyung Mi Banks (From Sept 20241 Christine Best IFrc¥n July 20251 Clare 81akg {From July 20251 Jane Bonney (Frfjn Sept 20251 Heather Br¢ywn (Ffom September 20251 Mefvyn 8uckeit D avid Burrell (From JLrfy 2025) Kym Blge$S izabalh &Jsh (From S8pl8mt¢r 2025) Mich881 Bush (From S8ptemtr 2025} Robert Clerk (From September 20251 Denis Compton Sarah C¢)op8r (Frcth Septgrnb8r 2025) Loise Cushing Nina Curfey Steve Curtls Maryaret Janes Rev Gisekg Lgwson AThr Mit¢111 (Frryn Smber 20251 David M lan McKJre Jayne M¢x>ro chrth Morgan {From septeMr 20251 Mthel Morrice Judilh Nrtdls A4scffl Nook88 Jowh Nsiah (Frryn September 20251 Rev Nicholas ObLYs Stephen Osbo Lynne P8ine (From September 20251 Gecgg Peck IFrLYn S8pt8mbw 2025) Salty Press Elizabeth RWJ Rev Anno Day Steve Dewgy Heather Ric*Brds Christine RookfrMatth8ws (Septembèr 20251 Ajex S8rrfdors Loe Elms From Sgptember 20251 Carol8 G8ines Rev Sharon Gardner (From SWemb8r 20251 lan snI Joy Everingham Graham Fradgley (From S8plembgr 20251 Sandra Fogwll (Froffl September 20251 Frances Gawthrop Liz George Mary Glauert (Frn Seplefflber 2025) Neil Gr8y Rita Greig Karen Glossop {Frwi Septemljer 20251 Robert Godden (From Septnt 20251 Brian Genneryl From September 2025} Hazel Gennèry {From Seplemb8r 20251 lan Hamilton (From September 2025) Rev Wes Hampton (From September 2025} John H05kins (From Seplember 2025) Christopher Hunter Judith Je$ (From Septomber 2025) Brian Sext Rev Philip Simpkins Simpsc SLtsan Smth Maikdm S)ut8r (Frtsn Seplwnber 2025) Benjamin Spain {FrcAn Septambèr 20251 Kim Twno (From September 20251 Gill Ter Kle Graham Titteringl Muisa Ushthvokunze {From Sept 2024) Kerry Weir (From Septembar 2025) Matgarel Wolls (From Septombar 20251 JIN WhittiNJham shar Wiight (From September 20251 Card w(aruffe Page I
Blackwatervalley Methodist CircLtit IFORMERLY KNOWN ASTHE HANT&SURREY BORDER MEtHODISTCIRCUIT) REFERENCEANO ADMINISTRATIVE DETAILS Prln¢lpal offi¢e 12 Glen Road FLEET K•y Management Pernonnel REV NICHOLAS OBORSKI Rev KYUNG MI BANKS REV ANN DAY Hampshire GU513QR DEACON JOY EVERINGHAM REV PHILLIP SIMPKINS ELIZ4BETH ANNE GEORGE DAVID WILLIAM MOLL JAYNE BEVERLEY MOORE Indeynd¢nt Examln•rs JCS Accountants LSmited 5 Robin Hood Lane Sutton SM12SW MICHAEL JOHN MORRICE 8•nkors CAF Bank 25 Kings Hill Avenue, Kings Hlll, Wesl Malling Central Finance Board of the Methodist Church 9 Bonhlll Streel London EC2A 4PE The Trustees for methj1st Church Purposes Central Buildings Oldham Street Manchester Ml 1JQ ChaTIty r•gl8tratlon nuMr. 1137593 Page 2
BLACKWATER VALLEY MEfHODIST CIRcurr IFORMERLY THE HANTS-SURREY BORDER METHODIST CIRCUID TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The Tnjstees present their report and financial stslements of Hants-surrey Border Methodist Circuit for the year ended 31 August 2025. These have been prepared in compliance with the Charities Statement of Recommended Pradi¢e (Chariti8s SORP (FRS 102)) and Financial Reporting Stsndard 102 (FRS 102). Structure, govemanco, and Manament The Charity was established by a Deed of Union (1932) and Methodist Church Act (1976) adopted on 26 August 2010. Recruitment and appolntment of trustees Trustees. s816clion method.. . Certain Officers and elected representstiV8s of churches. . Ministers appointed to the Circuit by the Methodist Conference. Addltlonal govemance Issues The Circuit comprises nirte churches: Ajdershot. Alton. Cove. Fleet, Frimley Green. Famham, Hartl8y Wintney, Nt)rth Camp, Rowledge and Iwo LEPS.. Elvetharn Heath (Fleet LEPI. Th8 Spire (Farnham LEP). Work continued through the year to further develop the Circuit lo help it effectively fulfil its Pur$0 as mentioned below under objectiv85 and activities. The Ash Vale Chapel la buildirNJ owned by the Circuit) is a 'Fresh Expression" of church. managed jointly with St Mary's Church. Ash Vale. This is a Circuit 'proi8Ct' wilh the operating costs met from Chapel's income from users and donations with rt being self-supporting. The project has a local management group of Methodisl and St Mary's Church membership, which has responsibility for routine maintenance of the pr¢)perty. A part time manager appointed by the management group has daY-tdaY oversight of its actwits'es. Objocts of Ihè Clrcutt The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of- the Chrislian faith in accordance with the doctrinal stsndards and the discipline of the Methodist Church; any charitable Purpose for Ihe time beiro of any Connexion81, distrKt, circuit. local or other organisats'on of the Methodist Church.. any charilatAe purpose for the tim8 being of any society or institution subsldiary or ancillary to the Melhcmjist Church: any purpose for the time beiNJ of any charity being a tharity subsidiary or ancillary to the Methodist Church. The prlnclpal actlvltles of Clrcult The Circuit is where new initiatives arKI changes in the pattem of church lrfe originate. This is where the staffing capacty and reSrCeS for ministry are organised, where fresh expressions of church or new pioneer miniStrS a launched, and where decisions to close churches in the interest of re-shaping mission priorities are debated. Page 3
BLACKWATER VALLEY PAETHODIST CIRcurr (FORMERLY THE HANTS-SURREY BORDER MEfHODIST CIRcurr) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 We act as an uMblIa and resourcing bcJy fc¢ the 9 I1 churches. 2 LEP churches. 1 Fresh Expressions project and a Garison Worker in the Circuit. The object is that they can effectivety fulfil their mission statements lo engage wlth all Ihose who seek God andlor a spiritual dimensi to their lives. We organise, provide leadership of. and administer the Circuit Meeting as th8 Circuit's governing body. and provide the link upwards lo District and ConfererKe. Anyone is welcome to attend and contribute to the meeting by invrtation We administer the stipends and expenses of ministers and salaries and expenses of Lgy workers in the Circuit. pfovKle pastoral supp)rt and. where appropriate. provide their accomm¢xlali¢)n. We promote the well-being of Circuit churches and op8n access to all who wish to partiopat In their activities. through oversighl of individual churth councils and their decision-making, and in consultstion with their representallves in th8 Circuit Meèting {who are also trustees of the Circuit). We prepare the quarterly Circuit preaching plan that aSsnS ministers and lay preachers to church services. to which all are welGome. We encourage écumenical work and activities with oth8r Christian denominations and their congregations. Publlc Beneflt The Trustees are aware of their duty. Set wt in sedion 4 of the Charities Act 2006. to have due regard to the public benefii guidan published by th8 Charity Commissw)n. The Circuit is part of the Meth(Jist church which exists, to.. 1. Increase awareness of God's presence and to celebrate G¢)J's love; 2. Help people to le8m and grow as Christians. through mutual support and care: and 3. Be a good neighbour lo people in need and challenge injustice. The trustees consider that for thwJe reasons the charity meets these public benefit requirements. Rovl•w of Progre88- 24125 Through the local churche5 represented in the Circuit, and the resources alk)cated to them, the following achievements have been made: Continued opportunities for public )rship in many of the larger towns and villages in the Cir¢uit. The continued ability to offer 0sional services (8.g. baptFsms, weddings, funerals) to both church members arnj olhers. as r8quired. Continued pastoral care of a wide rawe of age groups. t*Jth wthin the church membership and the wider communty. Continued participation in various communrty-based projects. Page 4
8LACKWATER VALLEY METHODIST CIRCUIT (FORMERLY THE HANTS-SURREY BORDER METHODIST CIRCUIT) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Continued support for the Vrk of local charrties and communty groups. The continued management and maintenance of properties required to achieve the aims and objectives of the Circuit. The ecumenical arts and communty project (Fresh Expressions) based at The Chapel in Ash Vale. The Circuit employs a lay worker as a youth and famity worker in the Aldershot military garrison who lives in a flat provided by the MOD in their base. They work with schools associated wrth families based in the garrison. The churches continue to meet the Challenge of reducing membership. The Circuit is working with the local churches to understand their vision for their future. Hale Church was merged wilh Farnham Methodist Soc*ty bul the buikling has remained open for worship and use by the communrty. Flnanclal Revlew and Rèser¥es Income and expendlture The Circuit Assessment is reviewed annually and sel at a level to cover the cost of meeting rts objectives. and activities listed below. It is Sha belween 9 local churches on an equitable basis. The LEPS pay a contribution to the Circuit on a drfferent basis under their respective sharing agTeem8nts. Under Standing Orders, the Circurt must meet its financial obligations in relation to the support of ils Presbyters. five manses and Connexional requiremenls. The Circuit needs lo meet these obligations and ensure that the 'reserves policEs' relating to rts various funds are maintained Overall. the nel movement in funds for the year was a deficit of (£84.042) (2024- surplus £20,052). During the year the Circuit decided that the posts of North Camp and Frimley Green Worker were not going lo be filled. Grants had been received for these posts, and il was agieed that these should be returned to the donors. Reserves policy The Truslees have considered the level of reserves they wish to retain that are appropriate to the Circuit's needs. This is based on the Circuit's srie and the Sevel of financial commrtments held. The Trustees aim to ensure the charty will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The TruStS will endeavour not to set aside funds unnecessarily. General fund expenditure during the financial year was £569,815 (2024- £409.400). Page 5
BLACKWATER VALLEY MEfHODIST CIRcurr (FORMERLY THE HANTS-SURREY 80RDER METHODIST CIRCUM TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 General fund balance was £225.567 (2024- £263.808). This represents around 6 monttrts. expenditUf8 - nN)re than the 6 months required by the Circuit's Reserves Policy. other unrestrided (designated) furKls are generally performing satisfactorily. Exduding freehold propety, the balance of unrestrided fund$ stands at £611,458 (2024 £695,500). The Circuit has a balance owed to Wessex Trust of £51.472.23 as its contribution towards the new manse required for Church on the Heath. This will be released when Ihe sharing agr98ment has beén sKJned. The Circuit has awarded a grant of £30.000 lo The Spire for the redevek)pment of its church facilities to improv8 its mission. This is available to be drawn down when the project begins or is required. Post Balance Shmt Evonts The Berkshire Surrey Border M8thc#Yist Circult merged into the Hants Surr8y Border Methodist Circuit with efféct from 1 Séptember 2025. The Hants Surrey Border Methoclist Circuit ha5 been renaméd the Blackwater Valley Methodist Circuit. The Circuit has received several man80 properties. a Churth buildings and c2sh r8senies from the Berkshire Surrey Border Methodist CircuiL Thè cash reserves are in the process of b8ing transferred Into the accounts hekl by the Hanls Surrey Border CircuiL The merger does nol affect the Circuit's reserves or liabilibes. Rl8k Analy•18 and Managomont The Truste8s activety review th8 major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficlent resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confim that they have estsblished systems lo miligale the s3nl¢ant risks. Truste88' Rosponslbllltlo• The law requires those responsible for the administratlon of charities to prepare financial statements for each financial year vthich give a true and fair view of the stale of the affairs of the charity and of the surplus or deficit of the tharity for that year. In preparing those ffinancial statements, they are required to: select suitable accwnting poltcies and appty them ¢csistant. observe the ffl8thods and principles in the Charities SORP. mak8 judgements and estimates that are r8asonable and prudent., state whether applicable accounting siandards have been followed, subject to any material departures disdosed and explained in the financial statements; aThJ prepare the financial ststements on the going CLNKem basis. They have overall responsibilty for ensuring that the charity has appropriate systems of control, financial and otherwise. Page 6
BLACKWATER VALLEY MEfHODIST CIRCUtr (FORMERLY THE HANTS4URREY BORDER METHODIST CIRcurr) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Those responsible for the administration of charities are required to keep proper accounting records which disck)se with reasonable 8ccuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Chanties Act 2011. They are also responsible for safeguarding the assets ofthe tharity and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularities. For and on behalf of the truskes Rov Nlck borskl Date.. Page 7
INDEPENDENT EXAMINERS REPORT TO THE MEMBERS OF BLACKWATER VALLEY METHODIST CIRcurr {FORMERLY THE HANTS-SURREY BORDER METHODIST CIRCUIT) I report to the charity trustees on my examination of the accounts of Blackwater Valley Methodist Circuit (the Charity) for the year ended 31 August 2025. Responsibillti88 and ba8ls of rnport As the charity's trustees you are responsible for the preparati1 of thé accounts in accordance with the requirements of the Charities Act 2011 ('the ACV). I report in resped of my examinab'on of the Trust's accounts as carried oul under section 145 of the 2011 Ad and in rArying out my exafflinatn I have followed all the applicable Direclions given by lh8 Charity Commission under section 14515llb) of the Act. Independonl 8xamln•rfs statemo Since the Trust's gross income exceeded £250.IXM) your examiner must be a member of a body listed in s8Ction 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered ACC(ntantS in England and Wales, which is on8 of the listed bodi8S. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination givin9 me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Art.. or the accounts do not acc with those records: or the accounts do not compty with the app4icable requirements conceming the form and content of accounts set out in the Charilies (Accounts and Report) Regulations 2008 other than any requirern8nt Ihal the accounts gNe a 'iru8 and fair view whith is not a matt8r considered as part of an independent èxamination. I have no concerns and have come across other matters in connecti¢)n with the examination to which sttenlion should be drawn in this repM)rt in order to enabla a proper understanding of the accounts to be reached. Paul Newton FCA JCS Accountants Ltd 5 Robin Hood Lane Sutton Surrey SM12SW Page 8
BLACKWATER VALLEY METHODIST CIRCUIT IFORMERLYTHE HANT&SURREY BORDER MHODIsTcIRCuITl STATEMENTOF FINANCIALACTMTIES FOR THEYEAR ENDED 31 AUGUST2025 2025 2024 Income from: Note CharitableActiwties Donations Investment Income Inlerest OlherTradingActivities Manse rental Total Income 401,134 24.245 27.994 32.400 485.774 329.684 34,100 33,668 32,400 429.852 Grants Expendlture on: Cttaritabie Activities Total Expend118 Ongoing activtties 569.815 569,815 409,800 409.800 Net lexpendllufellln¢ome 184.0421 20,052 Re¢onclllatlon ol Funds Funds brought foard on I September2024 2.851,931 2.831.879 Funds carried fOard at31 August 2025 2.767,889 2.851.931 Page 9
BLACKWATERVALLEY METHODIST CIRCUIT IFORMERLYTHE HANTuRREy BORDER CIRCUITI BALANCE SHEET ASAT31 AUGUST 2025 2025 2024 Note Flxed Assets Tangible Assets 2.156.431 2,156.431 Currenl Assets Debtors Prepayments 226 Cash al bank and in hand 684.038 754.574 684.038 754.800 Credltors: Amounts falling due within one year 172.5801 159.3001 Net current assels 611,458 695.500 Totslassets less current Uabllltles 2.767.889 2,851,931 ReseTres Unrestrlcted Income funds 2,767.889 2,851,931 Totalchailty Funds 2.767.889 2,851,931 Appfoved by the Trustees 21 April 2026 and s*d on their behalf by Rev. Nick Oborski Trustee Page 10
BLACKWATERVALLEY METHODIST CIRCUIT (FORMERLY HANTS- SURREY BORDER mHoDIST CIRCUIT) NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ICONTINUEDI INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Circuit Assessments Contiibutions ChapelAsh Vale 349.829 309,570 7,000 13.114 329.684 51.305 401,134 EXPENDITURE ON CHARITABLE ACTIVITIES 2025 2024 Connectlonal and DlsirlctAssessmenrs Slafl Costs Stari Expenses Stam Costs Propety Costs Mlsslon Projects Legal & professional Fees Bank Charges Governance Costs 95.755 258.245 32,846 9248 56.749 108.$61 4,574 1.337 2,500 569.815 86.332 206,248 15.412 8,208 57,994 28,263 4.282 961 2100 409,800 Oflice In¢Jependent Examlner STAFF COSTS 2025 2024 Salaries Employer's National Insurance Contribulions Employer's Pension Contributions Contribulion to other salarles and othercosts 209,084 22,226 182.283 14,920 33,103 4.150 214,456 2,547 267,493 The average number ot employees duringihe yearwere No employees received remuneration of rnore than £60.000 TRUSTEES REMUNERATION The stipends, employerf5 NIC and employer'5 penslon contributions of the Presbyters. who are Trustees, ore paid by the Methodist Connection. buttheif costs are fun¢Jed bylhe Clrcuit. These are included in the staff costs note in these accounts. Expenses of £28,90912024£7.7841 were felmbursed tothe Trustees orpaid on Iheir behalf. This includes removalexpenses of £11.487. There were no other related partytransactions in the year. Page 11
BLACKWATERVALLEY MEtHOOIST CIRCUIT (FORMERLY HANTS- SURREY BORDER METHODIST CIRCUITI NOTESTO THE FINANCIAL STATEMENTS TANGIBLE FIXEO Ass THE YEAR ENDED 31 AUGUST 2025 ICONTINUEDI Freehold Property Cost At 315t August 2025 At 31st August 2024 2,156.431 2.156,431 CREDITORS: Amount5 falb'ngdue within oneyear 2025 2024 Accruals Deferred in¢ome 12,080 60,500 72,580 20,300 39,000 59,300 FUNDS I Seplembei 2024 Income Transfers 31 August 2025 ExpendilLITe Unrestrlcled General Fun Deslgnated Funds Ashvale Chapel IFreeholdl Manse Fund (Freeholds) Manse Repaif Fund Frimley Green Worker North Campworker Garrison Worker Mission Support The Chapel Ash Vale 263.808 359,978 358.219 140,0001 225,567 750.482 1,405,949 89,867 38.527 24,313 207.660 52.320 19,005 750.482 1.405,949 87.296 4.584 56,749 23.964 28,000 41,127 22,507 39,249 49.594 114,5631 3.687 34.198 35.709 51.304 200.731 66,804 31,060 1.282 Total Funds 2,851,931 485.773 569,815 2,767,889 The Deslgnated Funds are represented by the Charitys cash rserves and fixed asset investments and General Fund General reseives comprise the tundswhich are eilher noi designated or re5tricied. Ash Vale Chapel is a freehold church used bythe Circuit tor a fresh expressions church Manse Fund is the 5 freehold properties used by the Circuit to house Presbyter5 Manse Repair Fund is monies set aside to mainlain and (efurLiish the manse dwellines used by the Presbyters Frimley Green Worker Fun(J is monies received tfom granis lorthe employment of a layworkei for the Frimley Green and Cove churches to workwth tamilies an(J younE people North Camp Layworker Fund represents monies received as grants lo be used for the employment ol a families and youth woikei at North Camp Methodist Church Page 12 Ashvale Chapel (Freehold) Manse Fund (Freeholds) Manse Repair Fund Frimley Green Wo¥ker North Campworker
BLACKWATER VALLEY MEfHODISTCIRcurr (FORMERLY HANTS- SURREY BORDER MEfHODISTCIRCUITI NOTES TO THE FINANCIAL STATEMENTS FOR YHE YEAR ENDED 31 AUGUST 2025 ICONTINUEDI FUNDS (conllnued) Garrison Worker Garrison Worter Fund representsfunds set aside to emptoy a workerto support familie5 and youth in the Aldershot Gati50n. Mission Support is lunds available to circuit chufches lor specific The Chapel is a Fresh Expressions church run as in partnership wlth St Mlssion Support The ChapelAsh Vale 31 August 2023 Income Tfansfers 31 August 2024 Expenditure Unrestrlcled General Fund Deslinated Funds Ashvale Chapel (Freehoidl Manse Fund (Freeholds) Manse Repair Fund Frimley Green Worker North Camp Laywofker Garrlson Worker Mlssion Support The Chapel Ash Vale 262.980 326.957 286.129 140,0001 263.808 750,482 1.405.949 91.819 19.527 24,313 211.618 46,622 18.569 750,482 1,405.949 89,867 38.527 24.313 207,660 52,320 19,005 4.926 19.000 57.994 51.116 33,455 32,400 13,114 37,413 16,390 11,874 110,3121 18041 Toial Funds 2,831.879 429.852 409.800 2,851,931 ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible Assets Net Curreni Asseis Total 2025 2.156.431 611.458 2,767.889 2024 2.156.431 695.500 2.851,931 io Post Balance Sheei The Betttshire Surrey Border Methodist Circuit merged intothe Hants Surrey Border Methodlst Circuit with effect from I September 2025. The Hants Surrey Border Methooist Circuit has been rename(J 8LacknaterValley Melhodist Circuit. Page 13