East Mercia Methodist Circuit Registered Charity Number 1132523 Trustees, Report and Audited Accounts for the year ended 31 August 2025
Poge 2 East Mercla Methodist Circuit Trusttes, Report for the year ended 31 August 2015 Introdurtlon Thi5 report and accounts covers the year to 31 August 2025. The East Mercia Circuit is now in its foyrth year (having come together in Septernber 2022 with the joining of the Flugby and Daventry Circuit, Market Harborough Circuit and Corby and KetteriN8 Circultl. The year started with some significant changes a5 Revd N3than Falla became Superintendent and Revd Brian Hutton joined the Circuit Team. Methodist ministry In the Circuit was expre$5ed throu8h four presbyters and dearon with pastoral responsbllity as follows.. Aevd Nathan Falla1Superintendent. Rugby Methodist Chuich Cent, Long Lawford, Chapel Newbold & Making Ctsnnexionsl, Revd Br13n Hutton (Broadwell, Daveritry and Lutterworthl, Revd Andy Murphy (Kibworth, Market Harborough, Rothwell, St fjiles- Desboroughl Revd NDel Nhari5wa ICentTrl Kettering with Naseby and 8urtDn Latimer, Cornerstone Corby and St Gile5- Desboroughl, Deacon Georgina Brook5 (Hillmorton P3ddox and Biltonl as well as our lay workers, SupernumÉrary Iretiredl MirFister5 and Local Preachers, and our Associate Ministers Revd Hannah Jeffery and Revd Neil Clarke, whose ministry anc5 colleagueship we greatly appreciate. Ministry 15 alw8y5 collaborative with lay and ordained working together and we gre3tly value the Work of all our Circuit Stewards, continuing to seek more Circuit Stewzrd5 who can add to the Circuit Leadership Teèm and help in the decision-making ancs man3gement of the Circuit. Helen Cro55' resignation as Circvit Steward was reported to the july Circuit Meeting. There was a reconfiguration of lay staff with Caroline Barratt's responsibilties changing to Church and Community Chap13in- Corby & Ketterin& Clare Pickering's responsibilities Changing io Church and Community Chaplain Kibworth, Market Harbtrrough and Rothwell and Janet Timperley'5 role bein8 refined to Wellbeing & Outreach En3bl&r (Chapel, Newbold & Making Connexitsnsl. There hove also been quite a few changes with the adrninistrative 5UPPOrt of the Circuit.. we sold gDodbye to our Circuit Man3geT Kate Tenny50n in March when She retired from the post and warmly welcomed our Circuit Office Manager Lisa Barrett in July, also expat)din8 our adrninistrative support with Viola Housley joining as Circuit Finance O)Yicer in April. At each Circuit Meeting we have been hearing how churches are engaging wtth the Circuit Mission Action P13FI and wlth the c311 to be a growing, evangelistic, inclusive and ju5tice-seeking church. The Circuit seek5 to live out the ealling of the Method1st Church to respond to the gospel of God's love in Christ and to live out its disclpleship and to.. increase awarene55 of God'5 presence and to celebrate God's love help p20ple to grow ancs learn as Christians through mutual support and care be a good neighbour to people in need and to challenge injustice The mission of the East Mercia Methodist Circuit Is to encourage and 5UPPOrt people to be open and responsive to God, each other and the world.
Pooe 3 East Mercia Methodist Circuit Trustees, Report for the year ended 31 August 2025 {continuedl Review of the The Statement of Financial Activities shows a net dèficit on the General Fund, before other recognised gains and losses, of £48,03412024.. deficit of £52,789). This reflects a policy of spending re5erve5 on new initiatives to spread the word of God. At the end of the year, total reserves were £3,438,73512024.. £3.650,4371. Of that, £2,455,1)00 is held in fixed a55ets such as freehold and investment property. ear Income trend$ The principal funding sources during the year, excluding circuit merger items. were.. l General Fund Assessments.. received from the Churches in the Circuit.. £37CS,15612024: £341,499). 2 General Fund and Circuit Model Trust Fund.. Investment income.. £13,62212024'. £12,9951. 3 Rental income from manses not reqL*ired for Mini5ter5'. £1,81812024: £16,790). enditure trends The principal items of expenditure were the stipend5 of ministers and provision of their manses, as well as the salaTies of lay workers employed by the Circuit. stipends increase each year in line with increases approved by the Methodist Conference. Lay workers are paid at or above the Living Wage Idètermined each November by the Living Wage Foundation). Lay worker salaries are reviewed annually tts take account of any change in the stope and scale of responsibilities, individual performance and local comparators. ndlture trends continued Fund balances At 31 August 2025, net current assets were £938.735 12024.. £1,195,437). Plans for Z025 26 and tuture ears The Circuit intends to continue to fund normal operating costs from the asse55ment5 paid by the Churches, but will fund development work out of reserves. Ba515 of re ratlon of accounts and le al framework The Charity's annual report and accounts for the year ended 31 August 2025 have been prepared in ccordance with the Charitie5 Act 2011 and the Charities.. Statement of Recommended Pratti¢e 2019 as applicable to the Financial Reporting Standard IFRSI 102. These f+nancial statements are subject to 8udit owing to the gross asset value of the Circuit exceeding the relevant threshold. Chartty reglstration number: 1132523 Maln communication address Rugby Methodist Church Centre, Russelsheim Way, Rugby, Warwiekshire, CV22 7T
Prye4 Eart Mercla Methodist Circuff Tiustees, Report for the year ended 31 August 2025 l¢ontlnuedl thari tru5tEes The members of the East Mercia Methodist Circult meet1ng are the Charity Truste2s, rnemb2r5hip being made up of circuit office holders, ministers and representative5 aPPUlnttrd bythe local churcle5 (see Appendix to Trustee5' Report for a full list of Trusteesl- The CirClt rneetin8 deleg3te5.he dByto d8y runnlng of the circuit tD a leadership team. Circuit Leadeeshi Tearn forthe Attive rtlI mini5ter5 arta31A Lfst 2025 Rew Nathan Falla- Superintendent Deacon Georgina Brooks- left Au8U5t 2025 Revd Brian Hutton RewAndy Murphy Rev Noel Nharlswa CircuitrnonLTger Katherine Tennyson- left March 20Z5 Circuit office rnonoger Lisa 8arrett-joined July 2025 Circultsteward5 Peter Arnold Marilyn Cafvert Peter Candlin HÈlÈn Cross (until 22nd July) John Over Adrian Price Carolyn Rice Circult5toff Inotmembgrs of the circult leodership teomj Caroline Barratt susanne Cunningham Anna Gittings Clare Pickerin8 Mandie Prite JanetTimperley Anthony Orr (Grft of Yea) Viola Housley Ifrom April 20251 Pèter Candlin )cted a5the principal officer overseeiDE the diyto day finanrial fflBnagtment and accountingfor the Circuit during the year until hi5 resignatlDn 31 August 2025. Adriar Price w'3s appointed a5 Treasurer from I September 2025. Audltors JW Hinks LLP- Chartered Accountants 2nd Statutory Audltors Bankers Ctntral Fittance Board of the Methodist Churih Trustees for Methodist Church PurpDses Tho Co-operative Bank HSBC UK A¢ms and o anlsttlo The charity's objectlve is to act as 3 resource pruvider in East Mer£l3 forthe Methodist Church. The purposes of th2 Methodistchurch are and sh311 be deemed to have been slnce the Date of Union the advanc2rnent of.. al The Chri5t13n faith in accordance with the doctrinal standards £nd discipline of The Method15f Church,. bl Any IhBritable purpose for the time being of any Connexional. Distritt, Circuit, local or other organisation of The Methodist Church. cl Any charitable purptssefof the time being of 3ny cietyar irtstitotion 5ubsidiaryor ancillary to The Methodist Church,. d) Any purpose forthe time being of any charity being 4 charity 5ubsidiaryor anclllary to The Methodist Church.
Foge5 East Mercia Methodist Circuit Trustee$, Report for the year ended 31 August 2025 l¢ontlnyedl Aims and o antsatbon continued The Circuit encourages and supports the MeEhodist churches in East Mercia in.. - the organisation and resourcin8 of regular public acts of worship which are open to members of the church arid non member5 alike. the teèching of Chrisiianity through serrnon5, cour5e5 and small groups. the re50urcing of pastoral work including visiting the Sick and bereaved. takin8 religious assemblies in local school5. promotion of Christianity through the staging of events and services. provision of clubs, activities and support groups with a Chri5ti8n ethos. 5UPPOrting other charitie5 in the iJK and over5ea5 financially and with pr8yer. Th& Circuit reviews its aims. objettives and activities and identifies opportunitie5 for future action. It promotes mi55ion and gives 3ppropriate support to churches that dem0Tr5trate that they are outward lookin8, mission focused. not èverse to chanEe and taking risk and. where possible and appropriate, seeking to work in partnership with other5. Public Benefit trustees confirrn that they have had 8ard to the Charity Commission'5 guidance on public benefit. Structure Governance and Mana ement The governing document for the circijit is the Deed of Union119321 and Methodist Church Act119761. Detailed sovernance arrangernents are outlined withln the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference ICPDI. Day to day management of the Circuit is undertaken by the Circuit Leadership te2m. Selection of Trustees and Tialnln of Trustees Trustee5 are appointed è5 Set out In the Constitutional Prartice and Discipline of the Methodist Church. Appointrnent is made by local churches or existing trustees or. in the case of ministers, on stationing in the Circuit. A range of guidance produced by Methodist Connexion to support the effective running of the Circuit 15 given to Circuit Meeting members, in particular the leaflet The Role of a Trustee iri The Methodist Church, is given to all new Circuit Meeting members 35 induction to their role as trustees. Other training is provided to Trustee5 appropriate to their role and responsibility within the Circuit. Related Partles The Circuit is part o* the Northampton Methodist District gnd is also acctsuntable to the Nrtethodist Confèrence. The following Methodist Churches and Local Ecumenic21 Projects ILEPI are linked to the Circuit.. 8ilton, Sroadwell, Burton Latimer, Ketterin8 Central, Cornerstone Corby, Daventry, Desbortsu8h St Giles Church ILEPI, Hillmorton Paddox, Kibworth, Long Lawford. Lutterworth, Market Harbofough, Naseby, Newbold Icircuit Projectl, Rothwell. Rugby. Making Connexions (Circuit Project). The trustees and their close family members are also related parties.
Puge S East Merci? Methodist Circuit Trustees. Report for the year ended 31 August 2025 {continued) Rlsk Mana ement The major risks have been identified and recorded by the Circuit Leadership Team with professional advice taken a5 required. There is a reÉular annual review proce55 undertaken and recorded. Income and expenditure is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process and avoid unforeseen calls on reserves. Safe uardin Every person has a value and dIgnty which come5 directly from the creation of male and female in God's own image and likeness. Christians See this potential as fulfilled by God's re-creation of u5 in Christ. Among other things thi5 implies a duty to value all people as bearing the image of God and therefore to protect them from harm. Methodist Connexional practice outlines commitment to the following principles: the care and nurture of, and respectful pastoral ministry with, all children, young people and adults. the safeguarding and protection of all children, young people and adults when they are vulnerable the establishing of safe, caring communities which provide a loving environment where there is informed vigilance a5 to the dangers of 3bsJse. We will carefully Select and train 811 those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosure5 arid registration with the relevant vetting and barring schemes. We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, Cooperating with the police and local authority in any investigation. We will seek to work with anyone who has suffered abuse, developing with thern an appropriate ministry of informed pastoral care. We will seek to challenge any abuse of power, especially by anyone in a posltion of trust. We will seek to offer pastoral care and sUPPOrt, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult. In all these principles we will follow legislation* guidance and reeognised good pr3¢tice. The Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy,. government legislation, guidance and safe practice in the circuit and in the churches. The Circuit commits itself to the provision of support, advice and training for18y and ordained people that will ensure people are clear and confident about their role5 and responsibilitles in safeguarding and promoting the welfare of children and adults who may be vulnerable.
Ptt9e 7 East Mercia Methodist Circuit Trustees, Report for the year ended 31 August 20251continued) Reserves Polic The Reserves Policy for the Clrcuit is to hold a minimum sum equivalent to 4 rnonth5' average expenditure. This should be sufficient to meet any unforeseen item of major expenditure on manses and continue planned activities for the short term in the event of any inability to false the full circuit assessment from churches. At 31 August 2025, the Circuit held unrestricted resee5 of £415,035, excluding resetves held as tangible flxed assets. Of this. £373,000 is the value of the investment properties due to be 501d. Thu5 the cash Te5erves of £99,583 held by the Circuit represents £42,035 in excess of the amount determined under the Circuit'5 reserve5 policy. The Circuit continues to develop a strategy to utilise surplus reserves for the furtherance of its objectives.
Po¢t8 East Mercia Methodlst Clrcuit Tru5tees' Report for the year ended 31 August 20251continued) ststement of Trustses, Responsibilitie5 The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prarticel. The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources 3t)d application of resources, including the income and expenditure, of the charity for that period. In PpartnE those financial statements, the trustee5 are required to.. select suitable accounting policies and then apply them consi5tently,' observe the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent- prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Account5 and Reports) Regulation5 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on 16th June 2026 and stgned on its behalf by.. Trustee
Appendix A East Mercia Method*st ar(1? Clrcult MeetSng Member5hlp MINisfERS Rev Nath&n Falla Deacon Geor8ina Brook5 Brlan Hutton RevAndy Murphy Rev Ploel Nh8riswa Chair SUPERNUMERARY MINISTERS David Co115nson Jane Gaffney lain Renfti Trevor Thoma5 AIisDll Tomlin David Tomlin CJRCUIT STEWARDS Peter Arnold Marilyn Calvert Peter Candlin Helen Cr055 John O4er Adrian Price Carolyn Rice resigned 22nd July 2025 CIRCVtr MANAGER Xatherine Tersnyson retired 31st March 2025 CIRCUIY OFFICE MANAGER sa Barrett appointed 7thJuly 2Q25 CHURCH %EPlkESENTATIVES EbeneÈ2Èr Amo-8aiden Stephen Arthur Pat Ba550n Lynn 8laLkhur5t David Brierlev Judith Briedey steven 8urt Fiona Clarkson Michael Curtis Wendy Curtis Helen Green Christine Greenaway Peter Greenaway Ma8gie Hadki55 Andièw Hawkins susan Heinink Rkhatd Htsntlngton Ada-june Kusogbo Michael Margetts leanne Moore Peter Moir Roger Piper Peter Shuker Karen Tomkins Patrick Toole 8arbarè Walker Susan W8lters Howard Vl8rreDer Jeff We115 Ann Window Angela Wooliscroft died 21st June 2025 died 3rd March 2025
1111 .llllllllllllllLII PIIIIJIIUIV.lllllll'NI Iiiiiryvlliiwiiill
£1 11111 11111 111 111111 PJ Illlll 111111 111 11111 11 lllllll 11111 11111 11111 11111 111
Poyr12 East Meicla Methodist Orcuit Cash FlowSttemert forthÈ yearended 31 Augum zo15 2025 2024 Net12xpeTrdkurel / incomeforihe reportiTrg period 1211,7021 Adjustments for.. L055es on iDve5rments DÈ¢rÈal Ilncreasel in debtors 24,515 6,502 4.596 92.926 8.392 C45hflgw5 from gperatih8artwWes 35 95.394 hflDw5 rom in artNitl•s Purchaseof tan{iblelxed assets Proceed5from saleof a55et5 epayment of laans Proceeos Irom new loans 1450,0001 65,502 I25,451 1405.OWI 405,000 NEtsh used In InvestlngJrU¥itlES 620 20.503 chae1Th rash r4Yh*qul¥its inthe repDrtin¥ 444A6Z Cashand¢wJh eqU1¢ts •tth¢ bBwnnln8 thè yop0rbPeri 223,921 334.737 Cash and (ash eqvw•len¢s Jtthe end of thq repDrtlni yrlod 668383 223.921 resented Cash ai bank and In hand 668.283 223.921 223.921
Poge13 East Mercia Methodist Circuit Notes to the Account5 for the year ended 31 August 2025 l. Ba51s of accountln8 The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared In accordance with the Charities SORP IFRS 1021 "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRC 1021 leffertive I january 20191" F5nancial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charitie5 Act 2011. 2. Publlc benefit entlty The charity constitute5 a public benefit entity as defined by FRS 102. 3. Consolidation The Circuit hès denominational regvlatory oversight in respect of the work of m05t of the Churches within the Circuit but has no legal or operational control of those Churches and their governing bodies except in extreme circumstances, For this reason. the financial statements of those Churches within the Circuit are not consolidated into these financial statements. 4. Accounting ptsllcies i. Income Reco8nltion Sncome is brought into account when the Circuit becomes entitled to the resources and the Trustees believe It is more likely than not that they wtll rèceive the resources, and the monetary v3lue can be measured with sufficient reliability. In accordance with Charities SORP IFRS 1021. the time of volunteers is not recognised. li. Expendltyre and Liabilitie5 Liabilitie5 are recognised where it 15 more likely than not that there is a legal or constructive obligation cornmitting the Trustees to pay out resources and the amount of the obligation can be measured with reasonable certainty. lil. Grants Where there are no conditions attaching to a grant made by the Circuit from its own funds, the grant is recognised in full at the time of agreement to make the grant. Where the Circuit gives a gfant with conditions for its payment, being a specific level of service or output to be provided, the grant 15 only recognised in the SOFA once the recipient of the grant has provided the specified service or output. When the grant to be accured occured over rnore than one year, the balance payable in future years is treated as a provision for future commitment5 In the 8alan¢e Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terrns. iv. VAT since the Circuit is not VAT registered, all Input VAT is charged with the expenses to which it refers.
Poqe 14 East Mercia Methodist Circuit Notes to the Account5 forthe year ended 31 August 2025 4. Accounting policies Icontinuedl v. Tangible fixed assets These are capitalised if they can be used for more than one year, and individually cost at least £500. The freehold property held at 31 August 2025 1$ shown in the accounts at current market value following the circuit merger in the prior year. The land component of the freehold property is deemed to be £50,000 per property. No depreciation 15 provided on propety because the Trustee5 consider the Current residual fair value of the property in its present condition to be not less than the value at which it is stated in the balance sheet and, in the absence of any evidence of impairment, any depreciation for the buildings component of the property would be immaterial. vl. Investment propertSes From time to time the Circuit may hold residential property (formerly mansesl which is surplus to its normal stafFing requirements. Where this IS the case and the property is deemed not to be held for the long term purposes of the Circuit, the property is designated as an investment property. vll. Properties held tor sale From time to time the Cirtuit may be required to assume responsibility for Church premises and redundant manses following c105ure and ce55ation of worship. This results in the Circuit Trustees becoming the managing trustees for the property $0 that the Trustees decide whether the property can be used in different way to further the mission of the Circuit or whether it is redund3nt and should be sold. If a decision is made to Sell the property, it is classified as a current asset investment. Similarly, any other property held for resale would be a current asset investment. Such properties are recognised as an a55et at its anticipated net sale price as determined by a professional valuation and after taking account of the levy to be chargefl by the Connexion. Any expenditure on the property that is likely to enhance its sales value is capitali5ed at the time that the expenditure is incurred. Where proceeds are intended to be spent on activities. the property 15 included in a55ets at the lower of cost and net realisable value. vill. Debtors. credltors, bank and ¢ash Debtors are stated at settlement amount or amount advanced by the charity- Subsequently they are measured at the cash or other consideration expected to be received. Creditors are initially recognised at settlement amount after any trade discounts, where normal credit terms apply, or the amount advanced to the Circuit. Subsequently creditors that are current liabilities are measured at cash or other consideration expected to be paid. The liquid funds of bank balances and deposit fund balances are shown at their realisable values. Ix. Methodlst Connexional Funds The Methodist Church Connexion raises assessrnent5 against Circuits and these are paid quarterly to their Districts. The Circuits raise assessments against Churches in the Circuit. The District remits to The Methodist Church Fund most of the sum received from Circuits. A small sum is retained by the District to meet its own costs.
p¢geJ5 East Mercia Methodist Cir¢ult Note5 to the Accounts for the year ended 31 Au8USt 2025 4. Accounting policie5 Icontinuedl . Ministefs. Manse Costs The Circuit 15 required tts provide accomodètion for each minister the Circuit and their farnilies and ministers are expected to occupy the manse provided for them. The Circuit bears the c05t of repair5, maintenance, building5 Insurance. Council Tax and water charges, as well as the cost of ministers, removal to the Circuit. Where èny m8nse costs are viewed by HMRC as taxable benefit5 to the rninister, the fesultln8 employer Nl charge is included as part of the Nl cost for the year. 5. Assessments from Churches Al the year end the Circuit cDmpri5e5 13 churche5 which are assessed for 8 contribution to meet the overall net core, ongoing costs of the Circuit. 33% of the assessment is apportioned to the Churches on the basis of their adjusted income. 33% on the basis of their unrestrcted reserves and 33% on the basi5 of their member5. Year ended Year ended 31.8.25 31.8.24 Cirrult Model Restritted Trust Fund Fund General Fund Bllton Broadwell Centr81 with Burton Latimer & Naseby Corby. Cornerstone Daventry De5borou8h St Giles Church ILEPI Hilmorton Paddox Kibworth LonB Lawford Lutterworth Market Harborough Rothwell Rugby Methodist Church Centre 19.513 7,064 36,589 18,471 44,341 16.800 39.590 21,823 7,426 18,212 50,169 24,948 65,210 19.S13 18,915 6.307 36.588 16.492 39.590 15.970 35.348 19,485 6.630 16.926 44.941 22.275 62.032 36,589 18,471 44,341 16,800 39.590 21.823 7,426 18,212 50,169 24,948 65,210 Year ended Year ended 31.&25 31.8.24 Circuit Model Restr*rted Twst Fund Fund General Fund 6. Donations Donations recevied Other income 1,364 1,418 2.782 7,792 4.817 12.609 9.156 6.235 14,352 22,876 Year ended Year ended 31.8.25 31.8.24 fjrcLtIt Model Restricted Trust Fund Fund General Fund 7. Grnnts District Assessment Fund grant5 received Other grants received 6,500 13,000 7,239 20,239 19,500 91,490 14.000 100.646 84,251 84,251 6,500
£a5t Mefcla Methodist artuit Noiesto the Accoynts for the year ended 31 Ausust 2025 & Lett1$ Letlings IncomÈ relates to manses ihatare noi required to hou5eCircuii miniSEer5 in the 5horttefrn and the tllall5e has been let to tenant5. Lettlng IncoNe is shown gr05s ol fees and commission The Trystee5 ¢Bnslderthat is likely thétthese rn3nsesare likely to be returned to Use a5 man5e5 In the forseeable future $0 remain designated as 9. other}orne lyom £harltaNe artfvitle5 Yeaf ended 31.8.25 Year ended 31A24 Gn¢ral Fund ¢lrEult Model TFU51 F4n Fynd Assets iniroduced on Circult merger Othercharitsble Income loknr Local Pantry 11228 4.022 17,850 3.429 3.429 3,429 10. Iht•rst t*c#l¥abl• Yeaf ended 31.8.25 Ye3r ended 31.&24 Geneial Fund Cifeuit Model Trust Furtd fr0ent Fund Certttsl Financè Board TrJst2esfor Method.'5t Church Purposes ¥578 IA78 12A67 13.645 23 23 9,137 13,021 L578 11. 51ipen(1s, Salaries and Asswsaled r4St5 Staff costs pald drn$the ye3rwere.- Year ended 31A.25 YeAr ended 31.8.24 minLst. MiAi5t¢ts Mlsslon stsff Total 155.945 17,103 30.567 791 204,4Q6 78.186 5.797 25.482 1,763 714 Z59,613 275,785 24,663 21,36D 33,783 43.E46 1,215 1.486 319,274 342,477 Ernployels Natitsn31 Insurnce costs Appfentiieship Levy Yotal staff costs 302 .787 122 28,081 ¥¢{a namr¢IlI tlmèeqUal¢rtam&efOfSta1temVed0ur1llfve %Yere: MisgiDn staff Adrnini5trdtlon li
Pq9ell East Mercia Methodist Circuit Notes to the Account5 for the year ended 31 August 2025 11. Stipends. Salarles and Associated costs Icontinuedl No employees received employee benefits that totalled more than £60,000. There is no accrLJal for holiday pay a5 It 15 immaterial. All staff are paid at or above the living wage a5 calculèted by the Living Wage Found3tion. Methodist Ministers are not employees of the Methodist Church although for simplicity, when accoijnting for National Insurance and pension contributions, the terms employer and employee are used a5 they would be in an employing body. Contribution5 are made to the Methodist Ministers, Pension Scheme for all minister5. This 15 a defined benefit scheme which 15 actourited for in the financial statements of the Methodist Church in Great Britian. This scheme is in deficit but a plan for the removal of the deficit is being implemented. Lay workers have the option of joining a defined contribution pension scheme which the Circuit has set up with NEST. Each minister is entitled to 3 3 month sabbatical every 7 years and the exper*ses incurled by the minister are met by the Connexion with the Circuit continuing to pay the stipend. The Circuit does not accrue for holiday pay cover as the remaining staff cover as needed withoLIt extra pay. Payments to Trustee5 The Superintendent Minister, other ministers of the Circuit and the Circuit Steward5 constitute the Circuit Leadership Team and are considered as Key Management Personel. The Superintendent ch3ir5 meetings of the Circuit Leadership Team and the Circuit Meeting. The Circuit Leadership Team, together with church and other representatives, are members of the Circuit Meeting and are the Trustees of the Circuit. The stipends, employer's National Insurance and employer'5 pension contributions and other expenses of the ministers of the Circuit are paid by the Circuit, as determined by the Methodist Church, and are separately disclosed as part of staff costs above. Manses are provided by the Circuit and the Circuit maintains the property. Year ended 31.8.25 Year ended 31.8.24 Payments made to trustees who are part of the leadership team Travel expenses Phone expenses Payments made to trustees who are not part of the Circuit Leadership Team for additional setvices- preaching fees and related expenses Number of trustees who were paid expenses Year ended 31.8.25 Year ended 31.8.24 IZ. Fees for audSt of the accounts Audit fees 6,120
PGoel3 East Mercia Methodist Circuit Notes to the Accounts for the year ended 31 August 2025 13. Tangible Fixed Assets Churches Manses Total Cost or valuation Balance at I September 2024 Additions Transferred to assets held for resale Balance at 31 August 2025 250,000 2,205,000 2,455,000 250.000 2,205.1)00 2.455.000 Depreciation Balance at I September 2024 Charge of year Balance at 31 August 20Z5 Net book value At 31 August 2025 At 31 August 2024 250,000 2,205,000 2,455,000 Basis of depreciation not depre¢izted not depreciated Churches at 31 August 2025 comprise.. Newbold Methodist Church Manses at 31 August 2025 COTnprise: Dunsmore Avenue, Rugby Hall C105e, Kettering Fèrndale View, Market Harborough Ourrell Drive, Rugby Abbotsbury Drive, Daventry During the year ended 31 August 2023, professional valuations were obtained on all churches and manses, and a further professional valuation dLirin8 the year ended 31 August 2025 on the manses recorded within current asset investments. Each property is deemed to have a land component of £50,000. 14. Investment Property Cost or valuation Balance at 15eptember 2024 Transfer to current a55et investments Balance at 31 ALtgust 2025 15. Current Asset Investments Balance at I September 2024 Transfer from tangible fixed assets Transfer from investment property Capital proceeds Revaluation loss on property Balance at 31 August 2025 1,422,966 11.025,4511 124,5151 373,000
PW19 East Mer¢la Method15t Circult Nute5 to the Atcountslor theyear ended JI August 2QZ5 16. DebtOT5 31 August 2025 31 August 2024 Preptymentsènd accrued nCOme 21581 29,083 17. cdItorS due In le55than Dne year gl AuAusL 20lS 31 Aust 2024 crwlTF loan Accruals and deferred incorne 405.0 75.533 General nr@5trictÈd iJnrÈ5trict Fvnds CWF Fvnd5 RÈstritttd Fund5 Endawmènt Fund5 18. RèseNes Total At I Sep*mbEr 2D24 Net leKpenditurel / income lorthe year Transfer between fund5 At31Awst2025 3,488.034 172.5491 IZl,680 1129.9001 545.450 537,230 40.139 3,6SO,437 2,8?0.015 30.986 3A38.735 The purposèof tle General Unrp5trictpd Fund i5for at the d15rretion of the Trustees iTrthefurtheraTrctof Iheabjeitivesof the Circul About 85%Df thisfuTrd is held a5freehold prtsPÈrty2nd SDIS not available to meetexpenditufe In theshortterm. The pufp05eolthe Circuit 10.odelTru5t Fund ICMTFI isforu5e atthÈ diScretiDhtsf thèTN%teÈS in thÈ furthÈrafice tsfthÈ objett@SOf the Circu Connexion determined bythe Methodi4tChurch. AlthDugF. 1Chl£allY an Unfe5trictÈd undÈrthÈ tDntto1 tsl the (irtEt Meetin& prior The purp05eof the RÈstrided Fund Isto stspportthework of the &yMIs510n staff athlve in Churche5 around the Circuit. The purposeof the Endowmenrt Fund is to 5UPPOrt MissM wofk In thÈwidÈr MtthDdiSt Churth.
Puge20 East Mercla Methodlst Clrcutt Notes to the Aecounts for the year ended 31 August 2025 19. Related party tran5acti0rt5 Yeaf ended 31 August 2025 Income Paid tD or from soods related provSded party to related party Year ended 31 August Z024 Inrorne Paid to or from goods re13ted provided partv to related partv Name of related party Relatior15hÈp Description of transactTron Meth(>dist churches within the East Mercia Churches within the Circuit Assessments (share of circUt C05ts1 370.156 341,499 Northampto Methodist District Methodist District in which the Circuit is located District Advance Fund contribution 1,917 3,704 Northampton Methodist District Methodist District fi which the Circuit is located District contributions nd expenses 86,101 79,260 There were Tho amounts owed to related parties at the year end. There is an amount of £69,61912024.. £67.5111 within creditors in respect of deferred circuit asse55ments. 20. Operating Lease5 The minimum future lease payments receivable under non-cancellable operating le35es ending no later than one year frorn the balance Sheet date 15 £nil12024.. Enill. 21. CL¥fttingtnt Liabilitles and Capltal Commltments At 31 August 2025 the Circuit had no contigent liabiliries or capital commitments.
Poge21 East Mer¢ia Methodist Clrcult Declarations Treasurer l ¢onfirm that these accrual based accounts for the year ended 31 August 2025 have been prepared from the record5 of the Circuit and that they include all fund5 under the control of the Circuit Meeting. Signaturè of Treasurer.. Date.. Name of Treasurer-. Adrian Price Address: Rugby Methodist Church Centre, Russelsheim Way, Rugby, Warwickshire, CV22 ' Authorisatlon by the Circuit Meeting I confirm that the annual report and accounts for the year ended 31 August 2025 were presented to the Circuit Meeting at its meeting on 16th lune 2026 and that the Trustees authorised the Chair of the meeting to sign the accounts. Signature of the Chair of the meeting.. Date.. 16-lun-26 Name of the Chair of the meeting.. Rev Nathan Falla
Pw2 1ndppÈt&ntAUd}1orf$ Report to the Trustee5 of East MeKia Methodist Cirruit OplnS0 WE have 3uditEd thefina#tièl statèments of Easimercia Methodist Circuit Ithe'charitll forthe yeBr ended 31 Aw5t 2025 whirh rompri5e of the ststEment of Financial ACtite$, BalaThceSheet and note5 to thpfinancial 5r8teme4ts. includinE 8 5ufflm4ry of signifitant attDuntin¥ wli¢iÈS. The nantial reporting framewoik that ha5 been RppliEd in their preparatlDn Is appllcable Iiw3nd United Kift8dom Ac(OufitlTr8 Standaids, Including Financial Rewrtin8 Standard 102 fheFinonCiafRÈportin9 StDndoopplicLble In the UKondRepublicof Irelcnd IUThited KinBdom Generall¥ Accepted ActOUntin8 Pratticel. give a true and fairyiewof the 5tatÉ of the rharit¢5 affairs a5 at 31Au8uSt 2025. and tslits Intoming resources and applicatlon of r&50urie5. includin8 its incoTllE e%pÈnditure, ftsr the yearthen ended,. havo been properly prepared in 3itord3ntÈwrttt Unlted KlTh8dom GeneIl¥ACCePted Accountin8Prnctlce." and have been pregÈrÈd in 3¢tord3ncewlth the reouiremefflts of the Charitie5 Aci 2011. Ba515 for uplnlo WÈ cDnducted ouraudir in ?ccordance with Internpiion31 Stindard5 Dn Auditing IUKI (1& IUKII and applicable lè¥V. Our respDn51bilities under Inr1dIng the FRCS Ethlcal Starard, and we have fulfilled our other etthica respon5ibilitie5 in 3ccgrdonce with these requirements. WE b2lièv thatihe audlt edence we have obtained i55uffKient and approprtet0 provide 4 basi5for ourvpinion. ¢onduslon5 ielatinito Koln{ coKern In auditlDgthe financial ststements. we have comcludtdthatthe trustÈs' of the goin8 concem basis of 3ccountln8 Inthe preparation of the Based on the workwe have performpd, we havE not identified any materiil ynrertaiThtiÈS rèlÈtin8to events or conditionsthat, individuallyor ¢o15ettively, may cast 51gnificaitttoubt onihe charitablecompany'5 8bility locontinue È$ 6 goingconttrn for a pÈriod tsf at least twelve rnonths from when the financial statements afe aurhor15ed for 155ue. Our re5WnSibilities and the rÈSPDnSibilities of ihe trustees wlth re5pectto going c0Thrn are described InthE revallt 5ection5 of thi5 Qport. Otherlnfonnati(Jn The tru51ee5 are re5pDp.sible other InfDrmatlon. The other Informatlon comprises the InFormation included iDthe trv5t2e5 annual report. oiher than the finaficial staternÈntsaThd our aud5tDr's reportthereon. Our opinjon on ihe financial siaiements dDe5 llvt roveTthE Other informati¢ 8lld. extepttothe extent otherw15e expllcitlystated Inour r2pDri. we do notexpre55any forrn of assurance Ipntlusiortthereon. In conne¢tlDn With Dur audit Df the fln3nclal statements. our reSPDn5ibility 15 to Tead the Dther inforrnation and. In dojng 50. CDll5iderwhethÈr the otherinformAtloD is materially inconsiSteTht with rhe financial stBternents orour knowledge obt3ined in the audit Dr [TrtherWSe appears to be miteri£lly mi55tèted. If ¥ve identifysuch maierièl incon515tenciesor3pp3reni materjal mi55tatÈment5. we èr¢ re4uifEd todetermiThÈ whetherthere Is È material misstatement In the financial stat¢ment5 or a matPri31 mi55tatetnpni4f ihe othEr infomiati(m. If, based on ihe work we have performed. we concludetFiat thpre Isa matEfiÈl miSStkiÈmÈntof tThiS Other InforMatOn, we are required to repori th3tfact. We hav2 nothingto repDrt in thi5 regard. Mattèrson whkh we are reqwredto report byeNttption We have nothing io repDrt in respect of thefDlltywing tnatters in lation towhlch the Charlties (Accounts and Report51 Re¥ulation5 2LbJ8 require u5 the information given in thÈ finantlal statemEllts Is Inconsistent In any marIal re5pea wlththe trustees. FepDrt,' or thE charity not kept idequate aCCOufttlng records.. or the fidiancial statements are ntrt in 38reemÈnt Wilh t. accounting records and return5.' or we have noi iecei¥ed allthe Informèlion and Éxplanation5 we rÈquire for 0radIt. ResponbIlItIeS of trit5tee5 As èxplkined more fully ID the tru5tee5' re5PDn5ibllitlP5 5tatemeot, tbe trustees are reswnslblèforthe preparation of the flnancièl statement5 and for being tIsfIed thèt tbey give 4 true and fairvièii, Ind for Such Internal Control as the irustees determine 15 necessaryto epable the preparation of finaDcial 5tètEment5 that a free from mater1£I misstatement, wh*hei due to fT&ud or error. pplirable. rrtattÈrs felatÈdto golnlconcern and usin8the ioiThg concem b3s15 of accouDrin8 unle55thetru3ree5 either intend tp liquidote the charity tyrto cease operètlons, or have no realistic alternaiive bui to do 50.
Audknrf5 respoftslbllklesfprthB •udlt tsf Ih*fiMAthal Slatements We have been 4PPQinted as Budltor under 5ectioTh 144 of the Charitie5 Act 2Dii tynd report in 3t¢ord8n¢e with rÈeu13tiofts madÈ under sectlDn IS4 of that Att Our Objectre5 arE io obtain rÈastsnèble assurance about whetherthe financial 5tatement5 a5 a whole are free fTOrn materi¥l ffli55titement, ntst a Ltsarantee that an 3udit conducted In acc¢rdante with ISAI IUKI alw3 detect 3 material misstaiement when It exist5. Mi55tatements can ar15efrom fraud or error are conSide¥Ed material if, Individually or in the aggregate, they could rea50n3bly bEexpecEedtv InfiuencE thE ergnomicdeci5iDnS of users ièken on the basisof shese financial statements. Irregularities. IncludinKfravd. are In5t3ntÈg of non-cDm Trance with13ws and rezulations. We design prOre5 in line with ovi re5POn5ibilitie5, outlined abwe.tiTr aetEtt materlal mls5t3tements in respecE of ITreBularitie5. including fr¥ud. The eKtent to which oyr pr¢cedures arecapable of We identified areas of law5 and Fegul6tipn5 that£ould rÈèstsnably be expErtedto have a materlal efFect on thefin3ncial statemenisand disf1155Ed the policie5 and prorEclures rEgardin8 compllènce. SDecifi[ areas fQn51dered were as follows.. ETrqvirinBVlith manigemÈntand others rogain èn undefSt3ndin8of the orKani5ation 115elf Inrludin8operativn5, finantl81 rEpDrtin& and or Èrrof. Evaluating and understandingthe internal cvntrol system. PerfDrrnin8 ai3lyti¢èl procedures as expected OF unexpected ¥ariances in accvunt balance5 of clas5e5 Of tr¥nsa¢tion$ Bppear. Testin8 dorumEntstion 5VPPtyrtiAg account thIAntes or classes of tr3nsatt.ians. ec&u5eof the inh2rÈnt Ilmltatlons Df 3n audit. there 15 a r15k thatvR will notdete£t all irrellularititrs, inrludinethose IEèdiX8ttya material miS5ta+&tnent in the financ131 statements or non-compliance with regulation Thi5 risk increase5 the m¢re thhttompliantewlth 3 law or reeulatlon 15 rempvedfrtsm the events and traThsaCt10Tr5 reflee0 in thefinancial 51aiements. as WÈ will be less likely to betome èwarÈ tsf instance5 of Tron- compliance. The r15k 15 also 8reater regarding 1tregullritio[CUrr1$ due to fraud rèther than error. as fraud involves intentlonal conce3lfflen¢ further description uf our respon51bilitie5 forthe audit of thefiDanrial statements is lacated on the Finantial Reportin8 Council's website at.. htlP5'.IIw%.frc.Org.UVour-W0fAuc%ltIAdt-ènd-asSntÈ1Standèrds-an&-%Uld3ficE1slbndard5-and-gUddante-fOr-audI1orSlAuF1O We cornmuniute withthDSe tharged with EDvemAnce reg3rdinL amon8 other matter5. the plann?d scope andtimlng of the audit and slgDifitiDt ilse of our rewrt This report 15 rn3de 5(slply tuthe charity's trusiee5, asa bodyJ In accordance with Part 4 of the Charitie5 IAccovTrt5 and Feport51 Regulations 2W8. Our auditwvrk been undertaken scth3t we might statetc the charity'5tru5teps tho5E rnatt? we Br re4ujred ta 5tBte tDthem in an auditorfs rèport knd for no other purpose. To thefuI1e exrent permitted by law. wedD not arcept tsr a$5umÈ resptsnsibilityto anyone otherthan ihe charlty and the ch4rlt¢s trulleesas a body, lor ourauditwork. lorthis report. or f¢rthÈopini¢nswe havÈfDrmÈd. .).Al) LLP JW Hlnk5 LLP Chartered Accountams StJtutoryAyditors 19 Highfteld Rd EdEba5ton Birminghèrn West Midland5 815 Date.. 16th Junè2026