THE METHODIST CHURCH IN SCOTLAND FORTH VALLEY CIRCUIT FORTH VALLEY METHODIST CIRCUIT TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Contents Page Report of the Trust Independent examiner's report Statement of firancial activities B-lance sheet Not& to the accobnts 8-11 Annex A.. Usr of Trustees 12 Responcirte to Gcd's Love Ir Discipl-ship. Worsh.'p and tviss on. FORTH VALLEY CIRCUIT (Scottish Charity SCO279501 The Trustees have pleasure In presentlng their Feport for the year ended 31 August 2024. Reference and admin15trative informatk?n: Charlty rkirne: Forth Valley Methodist Circuit Charity r88iStration number: SCQ37950 Methodist Clrcutt reference number= Circuit Offlce address: Forth Valley Ctrcutrt was formed by the meT8ef of Central )cotlanc Circuit lu ISC0379501, renarned in May 2018. C03?9iGI w th Edinburgh and Forth Circuit Trustees: The Trustees of the Circuit arp known as the Clrcuit Meeting. Members of the Circuit Meeting are Manasin8 Trustees for Iklethodist properties Wlthin the Forth Valley Methodist Circui: boundary. Trustees serving dtJrin8 the l'ear and LJP to the dale of ihis Report are listed at Annex A Prlnap31 Offlce Bearers.. Superlntendent Minister: arcuit Secretary: QrcuitTreasurer- Independent ex3rniner'. Bankers: loyal Bank of Scotland pk 30 Nicolson Streèt Edinbur8h, EH8 9DL Central Finance Board of the Methodist Church 9 Ponhill Street London, EC2A 4PE The Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester, Ml IJQ GoverniTr8dcKument'. The Church is administered in accordance with the Constitutional Prartice and Cistipline of the Methodist Church. Recrultment and appolnrmem of Trustee5: Members ot tne circuit Meeting are the Clarity Tnjstees. The Twstees comprise all serving Methodist Ministers within the area covered by the Circuit, representatNes norninated by the Methodist Churches within the area, and nominees of speci¢l inte"esEs within Methcdigm_ htt forthvalle circuit.or FORTH VALLEY CIRCUIT (Scottish Charity SC0379501 Or8ani5ational strutture: The Superintendent Minister is the Chairman of the Circuit Meeting. The Circuit Trustees meet at least two times a year. Whilst governance lies with the Circuit Meetin& adwdncement and direction is initiated by the Circuit Leadership Team, headed by the Superintendent Minister and comprising all Ministers in Appointment and Circuit Stewards. The Circuit Leadership Team meets at least four times a year. Objectives and activrcies.. The Circuit. in accordance with procedures for, and priorities set by. The Methodist Church, provides appropri3te support towards the advancement of religion in the area comprising The City of Edinburgh, Fife, East Lothian and Livingston in West Lothian, extending to Stirling and Falkirk. Such support include5 the stationing and housing of Ministers, assistance with administrative needs, stewardship and maintenance of manse properties owned by The Methodist Chureh, guidance for Church Councils in the Circuit, and consideration for assistance to relevant, worthy and deserving bodies within the local area. The Circuit acts within guidelines set by the Scotland Distrirt of The Meth(Klist Church. The Circuit ensures that terms and conditions arising from relevant legislation and Statutory demands are applied as nece553ry. In 2023124 the Forth Valley Methodist Circuit resolved to amalgamate with other Circuits to form a single Scotland Circuit from I. September 2025. Achievements and performance: All the foregoing artivitie5 havè continued to be pursued during the financial year. The Forth Valley Circuit has continued to LEse on-line and hybrid plarforms for meeting5 and worship. Now that these platForms are established, they will continue to be used and will indeed lessen the Circu(t's carbon footprint. The number of ministerial staff in 2023124 is three presbyters and one probationer deacon. ToEether with lay staff and volunteers, the worship, pastoral and missional life of the Circuit has continued in responsible, creative and appropriate way5. The Quality, quantity and viability of manse$ and places ol worship are regularly under review. Where appropriate. churches have been supported to develop their community engagement through development and use of their building, and to improve their eco-status. This has included the approval of Brant funding to supplement churche5' own fundraising and grant applications. Ecumenical links with other churches in the Circuit at Dunbar. Grahamston, Granton, Livingston and Rosyth have continued and are well established. Ecumenical relations with other denominations across the Circuit continue to be developed including where the Circuit is not involved in a formal Local Ecumenical Partnership. Ecumenical Chaplaincy Work is being developed at universities in Edinburgh and at Stirling University. Interfaith Relations are fostered through the involvement of one of our ministers in Edinburgh Interfaith Association and the promotion of initiatives from Interfaith Scotland. Financial review- The principal source of income is the annual assessments le￿ied on member churches. The Circuit continued support to provide for ministers and layemployee5 whilst contributing to the wider artivities. The Circubt can sustain future commitments. Reserves polScf. A reserve is an unspent pool of money for which no particular purpose has been identified foT the time being. This is in addition to money prudently set aside for known future expenditure. At 31. August 2024 the Circuit's reserves (by this definition) Stood at £253,932 plus designated funds. htt forthwdlle circuit.or FORTh VALLEY aRCUlf1Scottith (harity SC0379501 The ffrcu*t Meeling ITfUSteesl nave identified threE main reasonsfor hold518 r￿rves. l. Aspiuderilpiovi%oll f(K unknown futureexpendiDJre le.& deienoTawnof sorne partof the nanse properties and church Ddildin8s1. 2. Asprudent provrsion against untspetted1O￿ or reducbon of irKon)e. 3. As a strategic financial resourceto.pump prime" new ini*atives in fulfi[n￿ntoIthe ￿rCuit,5 objertives over the next three years. which include esta￿lshMent of diacon4 lnin￿ty, support for youth work and chur¢h d￿elopme1t. RskAssessment: TheTrUst￿￿ have condurted a ofthe naior risksto vthich the Qrcuit assets are ex￿sed. and systems h3ve been pslablisned to miti23te th￿e risks Taxatlon: The Circuit 15 a charity and Is recogni£ed a5 such by HM Revenue and Customs fo¢ taxation purposes. As a re5uIL there Is no Iiabilry to taxèr1￿ on anyof its incorne. Ststsment of Tntstees. responsibilities: Chanty Isw require5 the truste￿ to PJ epare fina•cial ststements for each finano Approved by the Truste￿ attheir meeting on 20- Match 2025 and stgned on their behalf by. htt forihvalleyc4fcu5L or FORTH VALLEY CIRCUIT Isccittish Charity SC0379501 INDEPENDENT EXAMINER'S REPORT ON THE UNAUDITED ACCOUNTS TO 31 AUGUST 2024 To th* Trustees of Forth Valley Mothodlst Circuit I rtport on the financial statements of Forth Valley Methodist Circuit (The Circuit") for the year ended 31 AJgu5t 2024 which are set aut on I￿geS 6 to 14. Respective responsibilities of Trustees and Independent Exarniner The charlty's rrustees are responsible for :.he prepration of the accounts in accordance with the terms of the Charities and T"ustee Investment IScot13ndl kt 2005 and the Charities Acccunts (Scotlandl Fegulations 2￿6 las ameidedl. The Trustees cons der that the audit requirernert Regulation Iollllal lo Icl of the Accour.ts RegulatlDns does not apply. It is my rÈspon5ibility to examine the accounts urder ￿ctIon 44llllcl of the Act and to state whether or not particular matters nave come to my attention. a515 of independent exarniner's Statement My examination is carried out in accordance w5th Re£ulat.'on 11 o.. the CharitTes Accounts15cotlandl Regulations 2006 las amcndcdl. An examination includa5 a review of the 3ccountinB records kept bythe charity and 3 comparison of the accounts presented with tliose iecords. It also includes consideratioi of any unusual items or disclosures in the accounts and seeks explanations fr(xn the Trustees concerning any such matters. The wocedures undertaken do not provide all the evidence that would be required ir. an audic, and conseqJently I do not express an audit opinion on the view given by the accounts. Independent examinevs statement During rny ex3mination no matter has come to my attention- 11 which 8ive me reasonable cause to believe trat in any material rèspect the requirements.. to keep accounting records in accordance w th Section 44llllal of the 2WS Act and Regulation 4 of the 2006 Accounts Regulations las amended), an¢ b. to prepare accounts which accord with the Gccounting records and comply with Regulation 8 of the 2(K)6 Accounts Regulatioi las amended) have not been met. or 21 to whTrch, in my opinion. attention should be drawn in ordèr to enable a proper undèrst2ndin8 of the account5 to be reached. Date: htt orthvalle circuit.or FORTH VALLEY CIRCUIT Iscottish Charity SC0379501 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENOED 31 AUfjU5T Z024 *6trktyd fu Man￿S Oudrqt TOTAL TOYAL Account MDd•lYrust IVZ4 IrKome A As52S5nwnt5 8 Prwerty CGr3nis K MIscÈll￿O￿s Dother Incorre UftaopliÈd Cash Pawneni In¢ome To¢¥1 In¢