Charlty reglstratlon number: 1129521 THE MEfHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS for the Year Ended 31 August 2025 Plymouth Methodist Mission Circuit Mlnlster Dlstrlct Chalr Rev. Dan Haett {Appointed- 1 September 2024) Lay Pastor Jonny Libby Circult stewards Nigel Morris Julie Morris Paul Courtney Brian Westlake Sarah Chooi Catherine Hodgins Clrcult Treasuror Mrs Vivienne Jordan
Plymouth Methodlst Mlsslon Clreult Contents Page Trustees, Report lincluding r8ference and administrative details) Statement of financial actwitigs Balance Sheet Statement of cash flows Notes to the financial gtatements 9-17 Declaration 18 Independent examinerfs report 19 The followlng pages do not fom part of the flnanclal statements Detailed statement of financlal activities 20-21
Plymouth Mgthodlst Mlsslon Clrcult Trustees. Report The Trustees have the pleasure in presenting their report and the financial slalements of the charity for the year ended 31 August 2025. Reference and a¢I15traI1Ye InfvriTI(Itlpii Legal status The official name of the charity is Plymouth Methodist Mission Circuit {regislered charity number=11295211. The Circuit is ultimat91y responsSble to the Melhodisl Church. The registered addres5 of the Methodist Church is-. The Methodist Church Central Buildings Oldham Street Manchester M1 1JQ Its governance is determined. like all Methodist ¢ir¢uils, by the Methodist Church Act. and it's procedures are those required by the standing orders of the Methodist Church as they appear in 'Constilulion, Practice and Discipline of the Methodist Church (CPDI- The Trustees The Custodian Trustees are the Methodist Church. The managing Trustees are the members appointed lo the Circuit meeting as representatives of each local Church along wth the Officers elected al the Circuit meeting. Those elected officers who served the Charity during the period are as follows= L Stewart A J Stephens V Jordan C Smith N J Morris B Griffilhs M Coutts P CoLJrtney C Hodging J Morris H Mitchell E Couch H Robins l Hodgins D Baker A Morris E Warren M Beswetherick PHOM l Oboh S Chooi H Franklin Dr D E Haett V Graham B Westlake C Gill Treasurer Appointed 11912024 Appointed 11912024 Appointed 11912024 Appointed 11912024 Appointed 11912024 Appointed 11112025 Principal office Plymouth Methodist Central Hall Eastlake Street Plyrnoulh PL1 1BA Basls of preparatlon and legal framework The Plymouth Methodist Mission Circuit is a charity and as such is subject lo the ChaTlties Act 2011 and its accounts have been prepared in accordance with the Charities Act 2011 and the Charities= Statement of Recommended Practice as applieable lo charities preparing their accounts in a¢coTdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191.
Plymouth Mgthodlst Mlsslon Clrcuit Trustees. Report Public Benefit The Trustees confirm that they have complied with the duty in Section 17{51 of the 2011 Charlties Act to have due regard to guidance published by the Charty Commission relating to public benefit. Adv150T5 other relevant organisalions acting on b8half of thè charity aro as follows: Bankers: Lloyds TSB Bank PIC B Royal Parade PIyTnouth PL1 1HB Solicltors Anthony Collins 76 King Slreel Manchester M2 4NH Accountants Prydis A¢¢ounls Limited The Parade Llskeard Cornwall PL14 6AF All investments on behalf of the circult are handled by the Trustees for Mothodist Church purposes. Central Buildings. Oldham Street, Manchester who act within the powers given lo them by the CPD. Airns and oryanisation Objectives and activities The Circuit exists to further the ChTislian religion and in particular the purposes of the Methodist Church. The Circuit also acts as an administrator to collect ftjnds from the churches and meet the financial obligations relating lo the ministers engaged within il. Plymouth Methodist Mission Circuit consisted of Plymouth Methodist Central Hall. the Oasis Centre in Slonehouse and Keyham Methodist Community Gentre. The Church Council al Plymouth Meth(xJisl Central Hall are th8 Managing Trustees for that property and the Circuit Meeting are the Managing Trustees for the Crown Contre in Stonehouse and Keyham. The Circuit are also responsible for two manses. both of which are available to ministers serving in the Circuit. The Circuit Meeting are the Managlng Trustees for these two Properties. The manses are inspected annually and are well maintained and comfortable for the residents. As required by the Standing Orders of Ihe Methodist Church. a Quinquennial Inspection tskes place for all propertlgs. The Circuit is staffed by a Superintendent Minister and those who operate the Foodbank Hub. Stru¢ture. governance and management. The management of the charity and the govemance of its assets is devolved from the Cgnlral Melhodist Church to the Managing Trustees of the Charity. The Goveming Body of The Circuit is the PIyTnoulh methl$t Circuit Meeting. Circuit Meetings are held bi-annually every March and September and presided over by the Circuit Superintendent who chairs tho Circuit Meeting. The members of The Circuit Meeting, who act as Managing Trustees for Circuit property, are appointed according to the procedures oullined in the CPD. No other body is entitled to appoint Trustees.
Plymouth Mothodlst Mlsslon Clrcult Trustees. Report Risk management Under the terms of the risk management policy adopted by Ihe charity, the strategic, operational and finarbclal rlsks io whlch the cnarlry Is expose¢J are evaluated on a contlnulns basls and apprDprlate systems put into place lo mitigate any major risks identrfied. The Trustees are satisfied that the policy of continual monitoring of potential risks lo which the charity is exposed is sufficient to identify those risks on a timely basis and to ensure that the appropriate action may be taken so as lo minimlse the percelved risk lo an acceptable level. Achievements and perforniance Revlew of the activitios of the charlty The last year has seen the Plymouth Methodist Mission Circuit continuing to worship, witness and seNg the city, all whilst c¢)nlending with not having a Superintendent Minister in wst. This has meant the remaining staff team and huge number of volunteers that work acros5 the church and Foodbank have stepped up to ensure we continue lo deliver all that we are called lo. Plymouth Methodist Central Hall continues to play its part as a vibrant mission centre in the city. Our Sunday congregations continue lo be vibrant. diverse and welcoming, and we are excited lo see growth across all our church services. Of course, the work and mission of the Circuit exiends way beyond Sundays. and we rejoice in seeing so much action, impact and support offered through 8 wde range of ministries. These include... Our Iwo cafe's {Discovery Café and Plyrnoulh Soft Play Café) both of whom have had very busy years Prayer Chapel open each working day as a place for private reflecllon and prayer, as well as before both Sunday worship services. Significant growkh in our activities and outa¢h lo familles including many who would not normally go to chureh. The reostablishmenl of our Youth Café. Bible Study meetings for adults on Tuesday afternoons and for leenagers on Monday evenings- both seeing higher numbers 8nd wonderful communities building. Regular social events for the church famlly and frlends 8t and beyond the church premises. Online worship. Discipleship groups, courses about the Christian faith and prayer group meetings We continue to be blessed by committed and generous gNing and donations as well as strong commercial income lo sustain and grow all we seek to do. This year that income has been bolstered by many new organisations utilising the wonderful facilities on offer at PMCH to host events, concerts, conferenee and major events in the city. We ar8 delighted that our building is seNing as such a wonderful resource in the heart of Plymouthl
Ptymouth Methodlst Mlsslon Clrcult Trustees. Report Th• Plymouth Foodbank continues to serve and diversify the support on offer. Thp. r14Irn2nd rnntiniies to increas& as thè impact of the CDSI Df living crisis deepens further on those struggling rinancialty. Our partnership with the Citizen's Advice Bureau continues lo support people out of crisis and povety. signposting them to long tem support and enabling them lo access benefits lo which they are entitied. In addits'on de variety of activities and support are on offer to care for pèopla beyond their immediate food crisis. The staff team are supported by a wonderful team of volunteers frum within the church and the wider community and are all uniteil in the mission to support families and individuals to be lifted out of povety. Keyham Communty Centre continues to operate as venue for worship and isloased to anotrer ClbaSed church congregation to enable their worship and outreach to grow. The Chair of the South West Peninsula District, Rev Dan Haylett, continues lo act as Superintendent Minister to the Ptymouth Methodist Mission Circuit during our ongoing period of interregnum. Financial Review The circuit shows a deficit of £14,27012024.. £79,910 deficill for the Yr. This is due to another year where Fot)dbank sts have been in exGess of donations received in the year. However. the Balance Sheet rernains St9 and the re5eNes held are still in line with the ststed Reserves policy. Going concern Based on the monetsry as6els and human resource availablo at 31 August 2025, the Trustees believe that the church a going concern. Inv88tment polloy In accordance wth the charity's goveming document the Trustees have the power to invest funds in any investments that they see fiL The policy is to adopt a low risk strategy whilst maximising returns. The Trustees are satisfied with the performance of the investments held and that the policy adopted remains adequate and apprllpriale. Res?rves Policy Income 15 variable and therefore reserves are required to fund any short term funding deficits or any unexpected work required to the fixed assets. It is the policy of the Trustees to Ma1ntain unrestricted fvnds, which are free reserves, al a suffi'aent level to secure the continued provision of normal charitable acb"vitses for a period ol approximately Six months. Plans for future perfods The Trustees do not expect any changes to the charitys objectives and charitsble actIVe$ in the forth coming year, their aim wll be to continLJe lo provide an essential and valued service in the communty- The annual report was approved by the TrUee$ oflhe Charity on ..7.3.1.R.l.%£nd signed on its behalf by". an Haylett Trustee Mrs Vivienne Jordan Trustee
PtyM0h Methodlst Mlsslon Clrcult Trustees. Report statement of Trusteo5' Respon81bllltlgs The Trustees are responsible for preparing the Tnjstees. Annual Report and the financial statements in accordance with the United ngdorn Accounting Standards (United Kingdom Generally Accepted Ar.r.niJnting Prattlicel and applieable law and regulab'ons. The law applicable to ¢harilies requires the Trustees to prepare financial stalernents for each financial year which give a true and fair view of the stste of affair3 of the charty and of the incoming resources and application of resources of the charty for that period. In preparing these financial stslemenls,Ihe Trustees are required to". select suitable accountSng policies and then appty them consistentty., observe the methods and principles in the Chariiles SORP., make judgernents and eslimales that are reasonable and prudent., . State whether appficabie accounting stsndards have be2n followed, subject to any material departures disclosed and explained in the finanGiaS statements., and prepare the financial statements on the going concem basis unless il is inappropriate lo presume that the Charity will continue in buslness. The Trustees are responsible for keeping proper accounting records thal disdose wf(h reasonable 8ccuraGy at any time the financial position of the charity and enable them lo ensure that the fr'nancial ststements cOmY with the Charities Act 2011, the applltable Charities (Accounts and Reports) Regulations, and the provisions of the constilulion. The Trustees are also responsible for safeguarding the assets of the charity and hence for t8king reasonable steps for the prevention and deteclion of fraud and other irregularrties. Approved by the Trustees ofihe Chartty on l.3.1.zlt.. and signed on its behalf by.. Vn Mrs VIMenne Jordan Trustee ev. an Haett Twstee
Plymouth Methodlst Mlsslon Clrcult Statement of Financlal Activities (SOFA) for the Year Ended 31 August 2025 Unrestrlcted Restrlctèd funds funds Unrestri¢tsd Restricted funds fund8 Note Total 2025 Total 2024 Income and Endowments Donations, grants and18gacies Assessments on Churchas other charilabla Income Income from monetary investments Other 452,866 452,866 7,120 43,545 12,705 4,925 465,478 465,478 7,120 40,818 6,776 4,925 69,000 17.445 7,093 329 2,727 5,929 930 4.543 18,375 11,636 329 Total 59,639 461,522 521,161 93.867 470.951 564,818 Expendlture on ¢harltable actlvit1&5 Grants and donations Sal8ri8s and associBted costs Propèrty maintènance- manses Property maintenance- other District Assessment & Lewy Depreciats'on Offic8 & othar @xpenses incl costs of distributed food T8lephon& & trav81 InsurJn¢è, utilities etc. 3,915 3,915 90,034 5,802 6,687 20,891 4,560 7,075 42.973 7,075 131.207 90,034 88,234 5,802 6,687 24,339 24,339 22,036 4,268 20,891 378 22,036 505 12 4,182 3,763 7.256 863 6,757 385.294 2,955 417 392,550 3,818 7,174 8,940 2,022 10,052 430,040 4.357 393 438.980 6,379 10,445 Total 45,862 489,569 535.431 93,603 551,126 644.729 Net incomel{expèndlturel for year 13.777 {28.0471 {14270) 264 80,175) 179.911) Transfers between funds 19 144) 44 9,527 19,5271 Not movement in funds 13,733 128,003} 114,270) 9,791 189,7021 179,9111 Rteonclllatlon of funds: Totsl funds brought forward Total funds carried forward 166,146 179.879 962,890 1,129,036 934.887 1.114,766 156,355 1,OS2,592 1,208,947 166,146 962,890 1.129,036 All of the Charity's actiwtias derive from continuing operations during the above iwo periods.
Ptymouth M•thodlst Mlsslon Clrcult Balance Sheet as at 31 August 2025 Unrestrieted funds Restricted Funds Totals this year Totals last year Notos Flxed Assets Tangible fixed asset Total flxed assets 12 608 121 608,121 609.256 609,256 613,816 613.816 1,135 Current A558ts Stock Debtors Central Finance Board Deposits Cash at Sank and in hand Totsl current *$$ets 13 14 15 15 16.994 5.038 16,994 12,100 69,566 474,788 573 15,702 18,807 47,974 502,135 584,618 7.064 69,566 104,244 180,874 370,544 392,574 Current liabilities Cieditors Idue in under 1 yearl Total cuThent Ilabllltie8 16 2,130 12,1301 65,808 165,8081 67,938 {67,9381 69,398 169,3981 Net current a88ètsAlabllltte6 178,744 326,766 505,510 515,220 Nèt a8sots 179 879 1 114766 1129036 Fund• of th? Circult General Fund Iullrestrictedl TolAI Unre8tiicted Fun(l# 17 179,879 179,879 179,879 179,879 166,146 166,146 Rc8tritsted funds 18 934,e87 934,887 062,eoo Total Funds 179 879 934 887 1114766 1129 036 The ffinancial statements were approved by the 808rd and 8Uthorised for ISSUE on . and signed on ils behalf by.. an Haoett Trustee Vivienne Jordan Truste8
Plymouth Methodlst Mlsslon Clrcult statement of cash flows for the year ended 31 August 2025 Total$ thls year Totals last year Cash from operating actlvltles Net cash used in operating activities 18,460 101,906 118,460) 1101.906) Cash flows from investing activities Dividends,inlerest and rents from investments Proceeds from the sale of property,plant and equipment Purchase of property,plant and equipTnont Nel cash provided by investing activities 12.705 11,636 12,705 11,636 Cash flows from flnanclng actlvltles Loan to PMCH Repayment5 of borrowing Net cash used In financing activities 111,000) (11,000) Change in cash and cash equNalents in the reporbng period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period 15,7551 1101.270) 550,109 651,380 544,354 550,109 Reconciliatlon of net Income to net cash flow from operatlng activities Net income for the reporting period las p8r statement of financial activiliesl Adjustments for: 114,2701 (79.9101 D&pr•eistion 2nd arnortisation charges 3.019 4,268 Profit on the sal8 of fixed assets Loss on Ihe sale of fixed assets Gains on investments Dividends, interÈst 2nd rents fmm inv8slmenls Decrease/lincrease} in stocks (increaselldecrease in debtors increasel{decreasel in creditors 1,$41 (12,7051 {1,2921 6,707 11.460) 111,6361 12,0901 3,544 {15,445) Net eash used in operating activities {18,460) {101.269} Analysls of cash and cash equivalent Central Finance Board Deposits Cash at Bank and in hand Total cagh and eash equivalents 69.566 474,788 544.354 47.974 502,135 550.109 Reconclllatlon of net debt 1st Sept 2024 Cash-flow 550,109 15,755} 31st Aug 2025 544,354 Cash and cash equivalents Debt under 1 year Debt over 1 year 550,109 (5,755) 544,354
Plymouth Methodlst Mlsslon Clrcult Notes to the Flnanclal Statements for the Year Endod 31 August 2025 1 Accounting framework and accountlng pollcles Accounting framework The flnantyidl btsl¥irieiilb live Vl¥Vciied iii clibUILJai"i¢¢ will) AG"countiiiy ai)d Reportlllg by Cliai"ities". statement of Recommended Practicg applicablè to charities preparing their accounts Charities SORP leffectwe 1 January 20191, th8 Financial Reporting Standard applicable in th UK and Republic of Ireland IFRS102) and the Charities Act 2011. Funds The funds held constitute= General Funds held for any purpose of the Circuit which are Unrestricted. Restricted Funds which are held for a narrower purpose. Details of each material fund are disclosed in Note 18 to these accounts. Any funds may be represented by more than just cash. Basls of preparation The Plymouth Methodist Mission Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise staled in the relevant accounting policy notes. Judggrnents and key sources of ostimatlon uncertalnty In the application of the Trust's accounting policies. which are described in this note, the Trustees are required lo make judgements, estimates and assumptions about the carrwng value of assets and liabilities that are not readily apparent from other sources. The estirnates and underlwng assumptions are based on historically known factors and experience. Therefore, the Trustees do not perceive there to be any critical areas of judgement or key SOUT$ of eslimalion uncertainty In the formulation of the financial statements. Golng concem Based on Ihg monetary assets and human resource available al 31 August 2025, the Trustees believe Ihat the church iq A oDing concern. Incomo rècognltlon Inwme is included in the Statement of Financial Activities (SOFAI when the Church becomes entitled to the income, it is more likaly that the income will be recaivad and the monetary value can be measured with sufficient reliability. Donated goods, facilities and services are recognised as income when the charity has control over them, any conditions associated with the donated item have been mel, and the reeeipt of economic benefit can be measured reliably. On receipt, donated goods. facilities and seNi¢es are recognised on the basis of the value of the gift to Ihe charity. This is the amount the charity would have been willing to pay lo obtain the goods, services or faeilities of equNalent cconomi¢ bènèfit on the opon mark•t.' a corr•sponding amount 59 thon r•cognlsed in @xpsnditurs in thg poriod of receipt. In accordance with the Charities SORP IFRS 1021, the tim9 of volunteers is not recognised.
Plymouth Methodlst Mlsslon clrcult Notes to the Financial Statements forthe Year Ended 31 August 2025 Expendlture This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liat)iliiies are recognlsed as soon as an outnow of eGonornlb benefit ib wnbld¢retJ ITiuie liKely than not under the legal or conslwctive obligation committing the Circuit lo pay out re8ources. Grants Grants rnade by the Circuit from its own funds are recognised in full at Ihe time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. VAT Since the church is not VAT registered, all Input VAT is charged wth the expenses lo which is refers. Tanglble fixed assets These are capilalised if they can be used for more than one year, and individually cost at least £500. They are initially recorded at cost. less any subsequent accumulated deprciation and impaim)ent losses. Depreciation is provided on tangible flxed assets so as to write off the cost over their expected useful economic life as below.. Asset class Fixtures and fittings I propety improvements Depreclation method and rate 25Q/o reducing balance120 years straight line The freehold pmperties are shown in the accounts at the 2015 dgemed cost value. No depreciation is provided on buildings because the Tnjstees consider the current residual fair value of the manse land and buildings lon the assumption that it had reached the end of its useful economic life by year-end} to be not less than their deemed cost. The properties are reviewed annually for impairm6nL Stock The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those grf al the time of their receipt. If the goods held are lo be distributed freely or for a nomlnal consideration. then the carrying amount is the Iow8r of deemed cost adjusted for any105s of service potential and rep5acemenl cost. Taxatlon The Trust is considered lo pasg the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Tnjst Is potentially exempt Irom l&xalion in respect of income or capttal gain8 r8c8ivad within categories covered by Chapter 3 Part 11 of the Corporation Tax Ael 2010 or Section 256 of the Taxation of Chargeable Gains Ael 1992, to the exlenl that such income or gains are applied exclusively lo charitable purposes. Finanelal Instruments Classlflcatlon The company holds the following financial inslrumenls: Short term trade and other debtors and creditors., and Catyh and b&nl( balanG¢s. All financial instrnments are classified as basic. The charity has chosen to apply the recognition and measurement principles in FRS102. Financial instruments a recognised when the charily becomes party lo the contractual provisions of the instrument and derecognised when in the case of assets, the conlraclual rights lo cash flows from the assets expire or subslanlially all the risks and Tewards of ownership a transferred to another paty. or in the case of liabilities, when the charity's obligations are discharged, expire or are cancelled. These instruments are Inltially measured al transaction price, including transaction costs, and are subsequently carried at Ihe undiscounled amount of the cash or other conslderation expected to be paid or received. after taking account of impairment adjustments.
Plymouth Methodist Mlsslon Clrcult Note$ to the Flnanclal Statements for the Year Endèd 31 August 2025 2 Donatlons and legacles 2025 2024 Unrp4trictlld Funds Rastrictod Funds Totxl Fund UnritRtrlrtA RA*•rlrtA Funds Total Fund$ 2025 Funds 2024 Donations lincluding notional value of food) Grants ReiVed 389,351 389.351 379,969 379,969 63,515 452,866 63,515 452,866 85,509 465.478 85,509 465,478 3 Charltable actlvltles Assessmgnts on Churches The Circuit is made up of the following-. Plymouth MethodSsl Central hall The level of assessm8nls is calculaled on an annual basis, and represents unrestricted income. Deferred circuit assessments are included with other ¢dItorS and relate to the first inslalments of the 202512026 annual assessrnent. These amounts are deferred in order to include the income in the correct period, as disclosed In note 16. Other Charitable Income 2025 Restrided Funds 2024 Restricted Fund5 Unrestricted Fund5 Total Fund 202S Unrestricted Funds Tot81 Funds 2024 Actlvlti6s for generating funds Fundraising events Rental Kncome 4,925 2,727 7,652 329 930 1,259 40.818 45,743 40.818 48,470 17,445 17.774 17,445 18,704 2,727 930 4 Investment Income 2025 Restrlcted Funds 2024 Rèstrfeted Fund3 Unrèstrlctèd Funds Total Funds 2025 Unr•strlct•d Funds Total Funds 2024 Inler85t re¢eNed Cèntral Financ& Board Other Banks 2,483 2,483 2,389 2,389 4,293 6,776 5,929 5,929 10,222 12,705 4,704 7,093 4,543 4,543 9,247 5 Other Income Other income includes InMe from spec41 events and other sundry receipts. 6 Trustees, remunaration and expenses The Ministers are members of the Circuit meeung ar7d are accordingly Managing Trustees of the ¢harity. The remuneration disclosed in note 7 ineludes remuneration to Trustees totalling £Nil {2024: £32.1381. A Trustee was also provided with free accomodalion in one of the Charity's manses in 2024. No Trustees were re-imbursed with expenses in the year.
Ptymouth Methodlst Mlsslon Circult Notes to the Flnanclal Ststements for the Year Ended 31 August 2025 T Salaries and assoclated costs Gross salaries paid lo employees were as follows.. 2024 Gross pay Employer's National Insurance contributions Employer's pension conlributions to deflned contribution schemes Total staff costs 78,196 8,200 3,639 90,035 110,241 10,084 10,883 131,208 No employees received employee benefits. There is no 8ecrual for holiday pay as it Is immaterial. the holiday year ends on 31 August. All staff are paid at or above the living wage. Parilculars of employees: The average number of staff employed by the charity during the year amounted to= 2025 No. 2024 No. Number of staff Penslons The. Circuit operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the eonlribulions have been paid the charity hAs no further payment obligations. The contributions are Tecognised as an expense when they are due. Amounts not paid are included in accruals in the balance sheet. The assets of the plan are held separale5y from the Circuf( in Independently administered funds. The clergy are employed by Connexion. Their stipends aro recharged to the circuit, including their pension contributions. The Connexlon operate both defined boneflt schemes as detailed bolow. Most ordained presbyters and deacons are members of the Methodist Ministers, Pension Scheme {MMPSI. This is a dgfined benofit scheme. The gupramo court held in 2014 that Methodist Ministers (which term includos presbyters and deacons) are not employees of the church. For simplicity, however, when dealing with National Insurance Contributions and pension contributions the terms 'employeV and 'employee' are used as they would be in an employing body. On the other hand lay employees are conlraclually employed and have the option of joining the Pension and Assurance Scheme for Lay Employees of the Methodist Church IPASLEMCI, the Pensions Trust or some other arrangement. PASLEMC is a defined benefit scheme and the employing Churches and Circuits contribute as mployera lo thi- Ghcmts. The Connexion accounts for both the MMPS and PASLEMC pension schemes and shows the figures in the annual Melhodisl Church in Great Brilain accounts The MMPS is in deficit but a plan for removal of the deficit has been proposed and is being implemented. Detail$ of the deficit on the schemes can be found in the Annual Report of The methclS1 Church at ww4.methodist.org.uk.
Plymouth Methodlst Mlsslon c1ult Notes to the Financial Statements forthè Yèar Ended 31 August2025 8 Offlce and other gxpendlturo 2025 2024 lJnrAgtricted Fund$ R@strictéd Funds Tirtal Fund& 2025 Unr•strict&d Funds RÉstrictAd Funds TDtal Fiinfl 2024 Printing and Stationery Professional fees Accountancy fees Indèpendent examination f885 Staff expenses TMCP Charges Training Sundry costs Grants for white goods CAB (financial indusion granlsl Foodbank provisions Total 16.245 16.245 19.920 19,920 1,630 480 2.110 1,570 420 1,990 350 300 650 350 300 650 748 363 703 1,451 363 461 266 1,597 333 2,058 599 4.165 20,812 627 43,535 302.592 24,977 627 43,535 302,592 6,293 34,614 3,864 43.624 325,368 430 040 40.907 3.864 43,624 325,368 438 980 7,256 8,940 9 Grants and donatlons 2025 Re$trictèd Funds 2024 Rostrlct8d Funds UnrestrtGted Funds Total Funds 2025 Unrostrlcted Fund8 Total Funds 2024 Other donatlons Other Totsl 3,915 3,915 3,915 7,075 7,075 7,075 7,075 10 Dlred and support costs 2025 Restricted Funds 2024 Restricted Unrestrided Total Funds 2025 Unrestricted Funds Total Funds 2024 Funds Funds Dlrect costs 37,125 472,127 509,252 81,631 530,093 611,724 Support costs: Printing and stationery 16,245 16,245 19,920 19,920 Insurance and utilities 6,757 6,757 417 16,662 7,174 23,419 10,052 10,052 393 20,313 10,445 30,365 Govemance costs: Accountancy services by Independent examiner IndÈpÈndenl examination 1,630 480 2,110 1,570 420 1,990 350 1,980 300 780 650 2,760 350 1,920 300 720 650 2.640
Plymouth Mgthodlst Mlsslon ClrGult Notes to the Financlal Statements for the Year Ended 31 August 2025 11 Taxation The Trust is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets Ihe deflnltlon ol a charltable UUlTIP¢Sliy fLTrI UK w[pLivi1 VUlVVb¥b. Aibuidiiiyly, tlie Trijst is potenlially ¢x¥iiitJL fiviii tsxation in respect of ineome or capital gains receiv8d within categories covered by Chapter 3 Part 11 of the Cory)OTation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. 12 Manse ond othertanglble flxed assets A Circuit manse, in Plymouth, was revalued al £220,000 on 31 August 2008 by Adrian Male Associates. This valuation was treated as the deemed cost upon transits'on lo FRS102. The is no depreciation on the manse and other land and buildings as the impairment review al the end of the year confimied that the residual market value of the building was greater than the carrying value of that part of the assets cost to date. Manses Other land and buildings Other fixed assets Total Cost or deemed ¢o$t As at Sep 2024 Additions this year Less: Disposals in the year At 31 August 2025 284,408 300,000 111,140 695,548 41,614 69,526 41,614 653,934 284,408 300,000 Depr9ciation As at Sop 2024 Charge for year Eliminated on disposal At 31 August 2025 81.732 3,019 40,073 44,678 81.732 3,019 40,073 44,678 N¢t book value At 31 AiJoii¢t ?n?fj 284.408 300,000 24.848 609.256 Al 31 August 2024 284,408 300,000 29,408 613,816 13 Stock The impairment of stocks recognised as an expense in the year amounted lo £Nil12024- £Nil). 14 DebtOTS 2025 2024 other debtors Prepayments 10.726 1.374 17,072 1,735 Total 12,100 18.807 15 Central Flnance Board (CF8) and Cash at Bank The Cir¢uil has a number of ckjrrent and deposit a¢¢ounts with high street banks, authorised institution. Tho 3ums held are immediately available. Interest is eamed on these accounts . the sums deposited can be withdrawn without notice and without loss of interest. These sums are viewed as being liquid.
Plymouth Methodlst Mlsslon Clrcult Notes to the Flnanclal Statements for the Y¢ar Ended 31 August 202S 16 Creditors and accrued expenses 2025 2024 Creditors Deferred circuit assessments Donations due lo extemal organisalions Amount due to Plymouth Methodist CentrÈl Hall Accruals Other creditors Total 1,780 250 64,608 2,760 570 64,608 2,760 67.938 69.398 11 is expected that all accruals and other creditors as 8131 August 2025 will be paid during the year to 31 August 2026. Deferred income relates to assessments which are paid in advance. 2025 2024 Defeed Income brought forward Assessment income received in the year Deferred income carried forward Assessment income recognisèd in the year 1,780 5,340 17,500 53,280 1,780 69,000 7,120 17 Unrestricted Funds General Fund The purpose of the fund is for use al the discretion of the Trustees in the furtherance of the general objeclivgs of the church and which have not been designated for other purposes. 18 Restrlcted funds Restricted funds a those received and held lo cover speetFic expenditure. the majority being lo provide manse properties for the Circuit Ministers which are held within Fixed Assets. The reslrieled funds are as follows: Property Funds held by the Trustees for Methodist Church purposes on behalf of PMCH Trustees, acqulred primarily from the sale of property and for use for property development. Plymouth Foodbank Part of a nationwide n8twork for those in need of food, because of delays in benefits or other hardships. Clrcult Model Trust Fund Funds held by the Trustees for Methodist Church purposes on behalf of PMCH Tnjstees, for use in the development of mission and ministy objectives. Details of the movements on the funds are shown in Note 19 hereafter.
Plymouth Methodist Mission Circuit Notes to the Flnanclal Statements for the Year Ended 31 August 2025 19 Summary of movements on slgnlflcant Indlvldual funds Fund Balancg at 31-Aug-24 Balance at 31-Aug-25 Income Expenditure Transfers Property Plymouth Foodbank Circuit Model Trust Fund Amounts due to PMCH 584,408 440,611 2,479 {64,6081 584,408 412.564 2,523 {64,6081 461,522 {489,5701 44 Total restricted 962,890 461.522 1489.5701 934.887 General Fund Designated- Plymouth Foodbank 86,303 79,843 59.639 145,862) {44) 100,036 79,843 Total Funds 1,129.036 521.161 535,4311 1,114,766 Transfers bgtween funds Transfers represent recharges for rent and services provided between the separate departments of the Mission Circuit. Fund Balance at 31-Aug-23 Balance at 31Aug-24 Income Expanditure Transfers Property Plymouth Foodbank Cirri lit MNlpl TriJ8t Fund Amounts due lo PMCH 584,408 520,841 11.950 {64,608} 584,408 440,610 2,480 {64,6081 470,563 388 1550,7941 13321 19.527) Total restricted 1,052,591 470,951 1551,1261 19,527} 962,890 General Fund Designated - Plymouth Foodbank 76,511 79,843 93,867 193,603) 9.527 86,303 79,843 Total Funds 1,208.945 564,818 1644,7291 1.129.036 20 Net as6Ct¢ by fund 202S Unrestrlcted Restrlcted Fund Fund 2024 Unrestrlcted Restrlcted Fund Fund Total funds Total funds Tangible assets CUrn1 assets Creditors.. < 1 year Nel assels 1,135 180,874 2,130 179,879 608,121 392,574 165.808 934,887 609,256 573,448 67,938 1,114.766 1,513 168,223 3,590 166,146 612,303 416.395 65,808 962.890 613,816 584,618 69.398 1,129,036
Plymouth Methodlst MlssSon Clr¢ult Kotes to the Flnanclal Statements for the Year Ended 31 August 2025 21 Volunteer contributions -t Church in Groat Brit?in i# h¢Jvily reliant on Every entity {Connexion, Ditstrict, Circuit, Church) within thc Mcthodi- volunteers who contribute their skill. time and money in the furtherance of the wort( of the chur¢h. We are grateful to all of them for their help and commitment. 22 Related party transa¢tion$ Plymouth Methodlst Central Hall la ¢harlty under common controll During the year the Charity received circuit assesments totalllng £7,12012024.' £69.OQOI. At the year encl the Mlssion Circuit owed the Central Hall £64,608 {2024- £64,608). This debt is interest free and repayable on demand. There have been no other related party transactions in the reporting period that require disclosure. 23 Control The Charity was under the control of the Trustees throughout the financial year.
Plymouth Methodist MisBion Circuit Declarations and Scrutlny I confirni that these aecruals-based accounts for the year to 31 August 2025 have been prepared from the recorda of the Circuit and that th•y includa all fvnd8 undèr thè control of th• CireuiL Signature of treasurer Dale Name of treasurer Viii16Pj Address of treasurer J711 Presentatlon to the Circult Meeting I confirFn that the annual repDrt and accounts for the year ended 31 August 2026 were, orwill be,. presented to the Circuit Meeting al its meeling on Signature of the Chair of the meeb'ng Name ofthe Chair ofthe meeting Date JJ H Lfrr 31z12<)11 delete or circle as approprial
Indepgndgnt Examinèfs Rèport to the Trustees of the Plymouth Methodlst Mlsslon Clrcult I report io the charlty Trustees on my examination of the accounts of Plymouth Methodist Mi55ion Circuit Ilhe Trust) for the year ended 31 August 2025. Responsibilities and basls of report As the charity Trustees of the Trust you are responsible for the preparation of the accounts in accordanc8 th the requirements of the Charities Act 2011 ('Ihe Act'l. I report in respe¢l of my examination of the TTUSt's aGGounts Garried out under Section 145 of the 2011 A¢t and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151{b} of the Act. Independent examlnorfs statement Sinoe the Charitys gross income ex¢8adad £250.000 your axaminor must be a member of a body listed in section 145 of the 2011 Act. I confim) that l am qualified lo undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examin81ion. I confirm that no materSal matters have eome to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act.. or 2. thg accounts do not accord with those records.. or 3. the accounts do not comply with the applicablo requirements concerning the form and content of accounts sel out in the Charities IA¢¢ounts and Reports) Regulations 2008 other than any requiromenl that the accounts give a Irue and falr wew which is not a matter considered as part of an independenl éxamination. 4. the trustees, annual report is not consistent with the accounts. I have no concerns and have come across no other matters In connections wlh the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Signed.. Date.. Name: Address.. Gary Randall ACA Prydis Accounts Ltd The Parade Liskeard Comwall PL14 6AF
PLYMOUTH METHODIST MISSION CIRCUIT MANAGEMENT INFORMATION YEAR ENDED 31 AUGUST 2025 The followlng pages do not form part of thè statutory flnanclal statements.
PLYMOUTH METHODIST MISSION CIRCUIT DETAILED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGU8T 2025 2025 2024 Incomo Circuit Assessments Grants Donations Notional value of donated food Interest receivable Lega¢y Other Rental income 7,120 63,515 182,659 206.692 12,705 69,000 85,509 151,182 228,787 11.636 7,652 40,818 1,259 17,445 TOTAL INCOME 521.161 564,818 EXPENDITURE Stipends and associated costs Staff salaries Staff expenses District Assessment Costs of njnning and maintaining propert8 Utilities Repairs and maintenance Telephone Foodbank costs Minister Exp8nses Insuran Slalionary, postage and photocopwng Motnr and trxvpllino Accountancy Payments to external organisations other costs Keyham expenses Other donations Grant for white goods Fuel Vouehers CAB (financial inclusion grant) TMCP Charges and District Advance Fund Sundries Depreciation and loss on disposal 42,973 88,235 2,058 22,036 90,035 1,451 20,891 7,174 12,489 753 302,592 5,184 24,339 683 325,368 73 5,261 19,920 5.695 2,640 360 16,245 3.065 2,760 360 3.522 3,915 627 10,180 43,535 363 10,914 4,560 6.220 7,075 3,864 24,000 43,624 599 10,253 4.268 TOTAL EXPENDITURE 535,431 644,728 NET SURPLUSIIDEFICIT) 14,270 79,910
PLYMOUTH METHODIST MISSION CIRCUIT DETALED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 AUGUST 2025 Foodbank Hub Circuit Income Circuit Assessments Grants Donations Notional value of donated food Interest receivable L89acy other Rental income 7,120 63,515 182,659 206,692 5,929 6,776 4,925 40,818 2,727 TOTAL INCOME 59.639 461,522 EXPENDITURE Stiponds and associated costs Staff salaries staff expense District Assessment Costs of running and maintaining propertios Utilities Repairs and mainlenance Telephone FoodbAnk provisions Minister Expenses Insurance SlationaTy, Postage and pholocopwng Motor and travellina Accountancy Payments to external organi5alions other costs Keyham expenses other donations Grants for while goods Fue1 Vouchers CAB Ifinancial inclusion grant) TMCP Charges and District Advance Fund SundTies Depreciation 90,035 703 748 20.891 6,757 5,802 753 417 6,687 302.592 16.245 2,955 780 360 110 1,980 3,522 3,915 627 10.180 43,535 363 643 378 10,271 4,182 TOTAL EXPENDITURE 45,862 489.569 NET SURPLUSI(DEFICITI 14,270 13,777 28,047