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THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

## FINANCIAL STATEMENTS 

FOR THE YEAR ENDED 31 AUGUST 2025 

Charity number: 1132521 

## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 

## CONTENTS 

||Page|
|---|---|
|Report ofthe Trustees|1-5|
|Receipts and Payments Account|6|
|Statement ofAssets and Liabilities|7|
|IndependentExaminer’sReport|8|



‘[:] 

## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

## REPORT OF THE TRUSTEES 

## FOR THE YEAR ENDED 31 AUGUST 2025 

The Trustees are pleased to present their report, together with the financial statements for the year ended 31 August 2025. 

## Reference and administration details 

Charity name: 

Thetford, Diss and Mildenhall Methodist Circuit 

Charity registration number: 

1132521 

Address of charity: 

Thetford Methodist Church Tanner Street Thetford IP24 2BQ 

Trustees: Revd D Ely Minister Deacon D Ely Minister N Hodson Circuit Steward* Mrs J Browne Circuit Leaders of Worship Secretary* & Church Steward** Mr J Browne Church Property Secretary* & Church Steward** J Weibel Church Connexional Fund* D Osborne Church Steward** H Clarke Church Treasurer** G Peachey Church Property Steward** L Spencer Church Steward** & Church Treasurer** S Little Church Treasurer** J Woollard Church Steward** P Bolton Church Steward** Revd H Wilkinson Church Steward** J Noble Church Steward** R Webber Church Steward** Revd C Hough Church Steward** R Petherwick Church Steward** T Smith Church Steward** B Jones Church Steward** 

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## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

## REPORT OF THE TRUSTEES CONTINUED 

FOR THE YEAR ENDED 31 AUGUST 2025 

|Trustees (continued):|M Cater|Church Steward**|
|---|---|---|
||V Osborne|Church Steward**|
||R Smith|Church Steward**|
||A Wells|Church Steward**|
||B Palmer|Church Steward**|
||B Withers|Church Steward**|
||D Savage|Church Steward**|
||J Morgan|Church Steward**|
||*appointed by CircuitTrustees||
||**appointed by Church Council||
|Circuit Administrator:|C Croker||
|Bankers:|Lloyds Bank plc||
||35 King Street||
||Thetford||
||IP24 2AX||
||Central Finance Board ofthe Methodist Church||
||9 Bonhill Street||
||London||
||EC2A4PE||
|Independent Examiner:|M Proctor FCADChA||
||Lovewell Blake LLP||
||Bankside 300||
||Peachman Way||
||Broadland Business Park||
||Norwich||
||NR7OLB||



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## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

## REPORT OF THE TRUSTEES 

FOR THE YEAR ENDED 31 AUGUST 2025 

## Objectives and activities 

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union (1932) the advancement of: 

- a) The Christian faith in accordance with the doctrinal standards and disciplines of the Methodist Church 

- b) Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of the Methodist Church 

- c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to the Methodist Church 

- d) Any purpose for the time being of any charity being a charity, subsidiary or ancillary to The Methodist Church 

## Public benefit 

The Circuit produces a quarterly preaching plan to ensure regular acts of worship take place at each of the current twelve Methodist Churches in its geographical area. These are open to all people without charge. All twelve churches in the circuit undertake to work alongside their local community to assist in charitable purposes in accordance with doctrinal standards and disciplines of the Methodist Church. We confirm the trustees have had regard to the Charity Commission's public benefit guidance. 

## Achievements and performance 

The Circuit has continued to work alongside the local community, assisting in charitable purposes. 

## Financial review 

Total receipts amounted to £152,320 (2024: £137,580) and total payments amounted to £188,417 (2024 £201,885) giving an overall deficit of £36,097 (2024: £64,305). 

£50,000 was transferred to unrestricted funds from the Circuit Model Trust Fund (2024: £40,000) as the income received from the Churches in the Circuit is not sufficient to pay all necessary expenses and they do not have sufficient income to pay more. This was approved by the Trustees. 

The Circuit Model Trust Fund holds the money allocated for the “reserves policy” plus the money received for sale of property. The money received from sale of property is used to support the Circuit, the Churches and their Mission as stated above. 

Financial information is given to the trustees four times a year and they approve expenditure on all projects. 

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## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

## REPORT OF THE TRUSTEES 

FOR THE YEAR ENDED 31 AUGUST 2025 

## Financial review (continued) 

## Income 

92% (2024: 89%) of the Circuit's gross income was provided by local Churches and rental of Mildenhall Manse. 

Expenditure 

62% (2024: 57%) of expenditure was paid for employing ministers. 

2% (2024: 6%) was spent on manse costs, contributions to the district and church repair costs. 

7% (2024: 7%) was spent on administration and supporting individual Churches in complying with building regulations and all aspects relating to worship and fulfilling their mission. 

All income and expenditure are related to the Circuit being able to fulfil its mission. 

## Reserves policy 

The reserves policy for the year 2024/2025 for the Thetford Diss and Mildenhall Circuit is to hold a sum equivalent to six months average general expenditure, excluding any special projects, this being £75,000. This should be sufficient to meet any unforeseen item of general expenditure on manses and/or an inability to raise the full Circuit Assessment from Churches. As part of our forward planning budget forecasts are prepared looking three years ahead. 

As at 31 August 2025 the Circuit had reserves of £208,598 (2024: £244,695). 

## Plans for future periods 

The Circuit Trustees intend to continue with the charity's charitable purposes as detailed above, maintaining and improving properties as necessary. 

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## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

## REPORT OF THE TRUSTEES 

## FOR THE YEAR ENDED 31 AUGUST 2025 

## Structure, governance and management 

## Governing document 

Thetford, Diss and Mildenhall Methodist Circuit is an unincorporated association established by a Deed of Union (1932) and the Methodist Church Act (1976). 

## Appointment and recruitment of Trustees 

Trustees are appointed by local churches and existing Trustees. Ministers are automatically appointed. 

## Trustees’ induction and training 

Trustees are issued with a range of guidance produced by the Methodist connexion. The leaflet “The Role of a Trustee in the Methodist Church” is given to each Trustee. Training programmes are organized by the Methodist connexion and East Anglia District. 

## Risk management 

Risks are considered by the Circuit Leadership Team and taken to the Circuit Meeting for Trustees for agreement on action to be taken. Trustees take professional advice as required, and there is a regular review process. The Trustees have adopted a Safeguarding Policy and ensured it is rolled out to the churches, They also ensure all policies and procedures are kept up to date. 

## Organisational structure 

The charity is part of the East Anglia District and is accountable to the Methodist Conference. 

## Trustees 

The current Trustees are shown on pages 1 and 2. All Trustees held office throughout the year. 

Cc ee Signed oh behalf of the Tru tdes 

Janet Morgan Trustee Date “14 2026 

5 

## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

## RECEIPTS AND PAYMENTS ACCOUNT 

## FOR THE YEAR ENDED 31 AUGUST 2025 

||||Designated|Total|Total|
|---|---|---|---|---|---|
||Unrestricted|Restricted|Circuit Model|||
||Fund|Fund|Trust Fund|2025|2024|
||£|£|£|£|£|
|Receipts||||||
|Assessment/share<br>Bank and CFB interest|139,549<br>858|-<br>-|-<br>8,405|139,549<br>9,263|122,465<br>12,820|
|Other receipts|3,508|-|-|3,508|2,295|
|Total receipts|143,915|-|8.405|152.320|137.580|
|Payments||||||
|Donations and Grants|-|-|-|-|47|
|Stipends, salaries, NIC, Pension||||_||
|and travel costs|116,251|-|-|116,251|114,109|
|Manse, Church, and District Costs|4,140|-|-|4,140|12,655|
|Administration<br>EastAnglia Resource Fund|11,705<br>27,214|-<br>-|648<br>-|12,353<br>27,214|13,874<br>26,343|
|EastAnglia Travel Fund|6,623|-|-|6,623|4,972|
|Other payments|14,364|-|7.472|21,836|29,932|
|Total payments|180,297|___-|8.120|188.477|201,885|
|Net (payments)/receipts|(36,097)|-|285|(36,097)|(64,305)|
|Transfers between funds|50,000|-|(50,000)|-|-|
|Cash and bank balances||||||
|at 31 August2024|45,250|-|199,445|244,695|309,000|
|Cash and bank balances||||||
|at31August2025|58,868|———|149,730|208,598|244,695|



6 

## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

## STATEMENT OF ASSETS AND LIABILITIES 

AS AT 31 AUGUST 2025 

||Unrestricted Funds|Unrestricted Funds|
|---|---|---|
||2025|2024|
||£|£|
|Cash funds|||
|Bank current account|16,220|17,364|
|Central Finance Board|42,648|27,886|
|Trustees for Methodist Church Purposes|149,730|199,445|
||208,598|244.695|
|Investment assets|||
||2025|2024|
||£|£|
|Land and buildings (at insurance value):|||
|33 Abbeygate, Thetford|311,565|303,373|
|47 Walcot Rise, Diss|358,574|349,146|
||670,139|652,519|
|Other assets|||
||2025|2024|
||£|£|
|Building contents (at insurance value):|||
|33Abbeygate, Thetford|24,971|23,360|
|47 Walcot Rise, Diss|10,469|9,793|
||35.440|33,153|
|Liabilities|||
||2025|2024|
||£|£|
|Independent examination and accountancy|2,130|2,040|
|These financial statements were approved by the Trustees onTrp oorand||and are|
|signedontheirbehalfby:|||



j / organ \ Trustee = 

7 

## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF 

## THETFORD, DISS AND MILDENHALL METHODIST CIRCUIT 

| report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2025 which are set out on pages 6 to 7. 

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

| report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## Independent examiner's statement 

| have completed my examination. | confirm that no material matters have come 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 charity as required by section 130 of the Act; or 

2. the accounts do not accord with those records. 

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

M Proctor FCA DChA Lovewell Blake LLP Chartered Accountants Independent examiner Norwich 

Date .... 2... eee c eee ce cece ee center ees 

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