Circuit
Accruals Accounts
2023-24
THE IIqETHODIST CHURCH
STAI¥DARJ) FORM OF ACCOUNTS
ACCRUALS BASIS
FOR THE YEAR ENDED 31 AUGUST 2024
Romford
Circuit
Circuit no
35132
Registered Charity - Registration number
1132795
Circuit Chaii.
Revd Di E Jackson
Cii'cuit Ministers
Revd K Bell (To 3118124)
Revd R Asif
Deacon SJ Ri b
Revd Dr E Jackson
Revd R Maginley
Circuit Stewards
J Gowlett
R Hibbard
TPU
sle
T DÉxon
Circuit Treasurer
T Smith

ROMFORD METHODIST CIRCUtT
TRUSTII S, ANNUAL PORT
riOR THE YII AR NDID 31 AUGUST 2024
Introduction
The Romfoi'd Methodist Circuit exists to ei)ablc and chanipion the work of cl)urchcs in the Greater London and E55cx area. There
were len Churches in thc Roinford Circuit at the begi[￿ing of the year. The Farmlands Church ¢eased to worship on I Ith
Fcbruary 2024 and its fiinds have b¢¢n transferred into the Circuit. Revd Dr E Jackson was the Chair ot the Circuit throughout
th¢ ycar. The Chair works togeihcr ivith a team of paid and voluntary officcrs to supty)rt and develop th¢ life of th¢ Ciycuit.
On 19 November 2009, the Circuit was entered into the Register of Charities and the ch￿lty￿UMber is 1132795.
The Managing Trustees of the Romford Circuit are the Inembers of thc Circuit Meeting which Ineets at least three tin)es a year to
consider thc work of God in the Circuit and Il)e gen¢i'al management of the Circuit and ils business. The membership of the
Meeting is governed by the Standing Orders of the Mcthodisl Chur¢h. The officers of ilic Circuit who are appointed by the
Cii'cuit Meeting to act upon its behalf con)prise the Superintendent Minister, Ihe Ministerial Staff Team, the Cireiiit Sieivards and
Ihc Circuit Financial Steivard (trcasurer). Circuit Property StewaTd and Manse Stewards.
Objectives and Activiti¢8
2.1 Alms ond organisation
The ain)s of the Circuit Meeting through ils offi￿rS are twofold:
lo secure and sustain the Circuit's viability and fijture
to give assurance to the genei'al public that the Cii'euit, whicl) is a charity, intends lo use all of the money coining into its
care for the purpose of Ihe Charity.
2.2 Romfoi'd Melliodist Cii'cuit Vision
Th¢ Circuit's Mission Policy States "The Romford Circuil exists lo fijrther God's Kingdom by enabling and supporting the local
Churcl)¢s in their discipleship and mission. resourcing local Churches under thc power of the Holy Spirit to function as ¢ffeetive
worship. witness and welfare centres. The Circuit achieves thi5 by holding the following values in all ils dealings with
individuals, communities, local and national authorities, other charities and busincs5es.
Bible knowledge: Engaging Mqlh the scriptures in our daily lives
Serving thc ¢ommunity.' Concern and help for the n¢¢ds of the local cofftmunity
Div¢i'sity and Cultt]i'ai relevance: Maintaining the rieh diversity of the Churches and Circuit and communicating the
Gospel effectivcly
Empowered laity.. Recognising the ministry of the whole people of God
Safeguarding: Creating safer spaces for all including children and vulnerable adults
Quest for a just world: Actively working for peace with justice"
Essentially il provides for the,
ministerial oversight and p8sloral care of the ten local churches in the Circuit
and the mainl¢nance of seven Circuit manses
Review of progre58 And achievements
3.1 Romfoi'd Methodist Circuit Annual Report
The Romford Methodist Circuit Annuat Report is prepared and presented io the Circuit meeting. It give5 full detail of the
activities of the Circuit ond all the Churches tnjking up th¢ Circuit and the core central resources.
3.2 Circuit Goals
The principal purpose of lh¢ Circuit is lo act as a supporting body between Churches 8nd the Connexion. The Clrcuit does nol
seek and, in large measure, does not attain direct contact with thc public. The direct contact is by the Churches and it is these that
the Circuit supports in their desire to provlde benefit to the public.
Thc goa15 Qf the Circuit are list¢d b¢low-
To develop lay l¢ad¢rship - in breadth, depth, numbers and ¢onfidence
To ensure thal every minister and local preacher 15 engaged in an intentional revicw and d¢v¢lopment of their ministry
(primarily through the programmes of MDIL supervision training tmd the Continuing D¢velopmettt of Local Preacher5).
Page I

ROMfoRD MEI THODIST CIRCUIT
TRUSTEI Ei S, ANNUAL REPORT
roR THC Y1< AR ENDED 31 AUGUST 2024
3.3 Plans foi. futui'e years
Encourage initiatives for Inission in Chur¢hes within the Circuit.
Ensure that all those within the Circuit that should attend the Safeguarding Lcadership Module do so.
Ensure that any local i5sucs emanating from the Past Cases Review are dealt with sympathetically, fully oJJd in a timely
mJJJner.
ri inaneial Plans nnd Revieiv
Tlie Circuit's financial Kquirements are reviewed cach year in the context of the aiins listed above and the loeal Churcl)es
aJE invitcd to make offers of a share in m¢eling the total cost.
The annual budget includes a provision for the gcncr&l maintenance of the manses on the basis of £4,607 allocated to eacl)
properti, each year, howcvcr, if large expenditurc TS nceded Mqthin the y¢ar to maintain mans¢s oi. ￿fi][b[sh a newly
pui'chased manse, the work nccded will be agreed and authorised on a case by case basis. Large capital Tcquiren)enls aJE
Eenerally met from funds held in the CiTcuiI Manse Fund (Designatcd).
Circuit income is drawn primarily from the a55essments pftid by the ten Circuit Churehes. During the year assessments
increased to £186,732 {2023.' £182,676).
Rental income was received during the yeat from the letling of two M¥nses. this incorne is iEgarded as relatively short
tei'ni in nature.
Exp¢nditure excluding capital levies on property salc5 redu¢ed to £415,537 (2023.. £437,614) mainly due lo the decrease
in ihe DAF levy on the value of thc Ciicuit Model Trust Fund.
Ai 3 l August 2024, unrestricted reserves, excluding the pro￿rtY fund, stood ￿ £1,057,633 (2023.. £1,062,952).
Ttie Circuit's Funds are split in the following categories..
Unrestricted Funds
Getkeral Fund- this fijnd together wffith other unrestricted funds represent at le&st six months expenditure of the Circuit's
general activities and whilst this represents a significgnt sum, in normal circumstances it is considered important tliat this
level of thnding b¢ n)aintained to m¢ct unexpected expenditur¢. Th¢ balance at the y¢ar ¢nd was £6,298,324 (2023..
£6,270,883) after adjustm¢nls for accruals, including £6,200,000 relating to the manses wiihin the Cir¢uil but where thc
title lies with the Trustees for Meihodisl Church Purposes.
Cii'cuit Model Trnst Fund - the residual balatt￿ of fimds which arost from the sale of Churches previously closed and
sold and the PTeYious sale of Manses (Balgnce at the year end £839,435 after £45.000 of this fund was transferred to
dcsiEnal¢d thnds to ass15t mcmber churches by ivay of ￿ant.
Designated fiunds
Manse Fund - fi]nds held for maint¢nance and upkeep of manses used by mini51crs and manses not Cu￿¢￿tlY 0￿￿pIed by
inisters which are let.
Otl)er (Church support) - fund5 hcld to enable Circuit to as515t member Churches with urgenl or ¢xceptionRI needs.
Restricted fi und5
CiTCUit Benevolent Fund - funds held to allow the Circuit to respond quickly to inStan￿S of poverty and hardship
{Balance at the ye￿. end £2,083). The balance is considered adequate.
Mission Outreach Fund (Fonnerly Youth Foruin and S￿ela1 Project Fund) - These fvnds are for circuit outreach work.
The Collicr Row Mission Outreach Proje¢l was started on 14 January 2018. The Mission Outr¢ach Project inanag¢ment
teEun included R¢vd Dr E Jackson, Revd K Bell, Deacon S J Rigby, Joan Pugsley and Turplin Dixon.
Aveley Beqiiests and Fun¢ral Collections- funds deriving from legaci¢s for th¢ benefit of the former Aveley Church and
funeral collections wher¢ the family have made specific requests (Balances al the year end £10,635).
Page 2

ROMfoRD ￿, THODIST CIRCUIT
TRUSTIIS, ANNUAL REPORT
riOR THE YEIAR l<NDED 31 AUGIIST 2024
4.1 Investment Policy
Thc investment of surplus funds is operated through the Central Finance BO￿.d (CFB) of the Metl)odist Chur¢h. CFB aims to
provide higli quality investment scivice seeking above averagc returns for long term investors, whilst ensuring that thc 5e¢ui'ilies
held by all its fuiids ar¢ in line with the ethical policy of the Methodist Church. The Circuit holds unit trust investments and also
fvnd5 in a deposit accouttt ivith CFB. The Restricted Funds are mftnaged by TTvsfres for Methodist Purposes (TMCP). These
funds are also invested with the CFB.
4.2 Res¢ives Poliey
Our Resei'ves Policy relates lo our ui)iestriclcd thnds which are fiEely available ftir any or all of the purposes of the Ciiruit. It is
our policy lo hold at least six months expenditure iii haJ]d lo enable us to meet any calls for ￿ndIng requiren)cnls. In addition, it
is oiir policy lo l)old a manse resei've ￿nd sufficient lo meet forcsceable major expendithre.
Trustees Rcsponsibililies
For each financial year cnding 31 August, the trustees are responsible for prcp&ing th¢ Truslees, Annual Report and il)e
finatkcial slateinenls in accordance with applicable law and Unitcd Kingdom Accounting Standards (United Kiiigdom Generally
Accepted Accounting Pra¢li¢e).
The law applicablc to ¢hwili¢s in England & Wules requires the Irustees to prepare financial slatetnents which give a true
and fair view of the state of affairs of the eharity l￿d of the incoining resources and application of resources of the charity .
In piEparing these fin8ncial stateinenls, the trustees are required to:
select suilable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP 2019 IFRS 102).
make judgements and estimates that are reasonabl¢ and prudent.
sta¢c wh¢ther applicable accounting slkwdards have bccn followed, subject to any material departures disclosed and
explained in the financial statcmenls.
prepare the financial slal¢ments on the going con¢ern b&8is unless it 15 inappropriate to PlEsume that the charity will
continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at gny lime the
financial position of the ¢harity smd enable them to ¢nsure that the financial statements coinply with the Standing Orders of the
Methodist Church, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. They are also
respoDsibl¢ for safeguarding the assets of the charity and h¢n¢e for laking reasonable steps for the prevention and detection of
fraud and other irr¢gularities.
5.1 Risk Management
Jl)e Circuit has been considering the various risks facing thc Circuit and the impact and the likelihood of issues happening,
which will be reviewed every feiv Ye￿5.
The headings und¢r which the risks arc being ¢alegorised include-.
Gov¢riYdnce Risks ittcluding Trustees, Responsibilities
Operational Risks including Resources, People and Propcty
Finan¢i&l Risks
External Risks and ILgal Risks
Page 3

ROMfiORD THODIST CIRCUIT
TRUSTII S, ANNUAL REI PORT
riOR THE, YEI AR END£D 31 AUGUST 2024
Strlleture* governance and management
6.1 Structure
The Romford Methodist Circuit is an unincorporatcd association and is governcd by tlie Methodist Church Act 1976, the deed
of Union and the Model Trust Deeds of the Methodist Church. It registered wilh the Charity Commissioneis on 19
November 2009.
Circuits are the Coordinating charilies for local gToups of Chui¢h¢s' Circuits pay the stipends of the minislers and cmploy lay
staff lo serve the Chuicl)es in the Circuit. most decisions arc made at or ratified by the Circuit meetings. The Methodist
Conference meets once each year as the suprerne denominational body for all Methodist Churches.
Ovei'all regulatory authority resls with the Nlethodist Conference.
2 The Connexional office implements decisions made by Confrren¢¢ and is also responsiblc for th¢ slalioning of presbytcrs and
deacons (collectively known as inÉnisters) in individual Circuits M'iihin the District.
3 The Circuit Meeting passes regulatory control down lo ehurch coiincils for local impleinentation by the pre5b￿Cr, the Church
Stewards, and oilier officers, and this regulatory authority is then exercised by church councils as Managing TrLlStce5 Ot their
charity.
6.2 Pui'pose of the Cii'¢ui¢
Th¢ purposes of the Roniford Meihodisl Circuit $￿e and deemcd to have been since the dale of the union the advancement of.
the Christian faiih in accordance willi the doctrin81 standards and ihe discipline of the Methodist Church, and
any choritable purposcs for the time being of any conncxional. Distriet, Circuit, local or other organisalion of the
Methodist Churcli, and
any charitable purpos¢ for the time ixing of society or institution subsidiary or oncillary to Ihe Methodist Church, and
any purpose for the time being of any ¢harity being a subsidiary or om¢ill8ry of the Methodist Church.
The primary pun)ose of this Circuit is to advan¢¢ the mission of ihe Church in London, Essex and Thurrock by..
providing opportunities for Churches to work tog¢thcr and support each other
offering lo Churches resource of finance. personnel and expertise.
6.3 Govcrninee
Dctailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by the
ordei. of the annual conferen¢e (CPD).
Day to day management of the Circuit is undertakcn by the Circuit Leadership team along with the Local Preachers meeting and
the Circuit Finance and Property Committee.
6.4 Publie Benefit Requirement
Th¢ truslees had due regard to Ihc guid8mce published by the Charities Commission in compliance with its duties under section 4
of the Charities Act 201
This guidance sets out two key prineiples..
The orgatTrisation must hayc an identifiable benefit.
The benefit must be lo the public or a section of the public.
The Church exists 10-
incr¢asc awareness of God's Presencc and lo ¢el¢biate God's love.
- help people to ffte￿n and grow as Christian4 through mutU81 support smd caTe' and
be a good ncighbour lo people in need and Challenge injusli¢¢.
The trusle¢s consider that for these ieasons the charity meets thesc public ben¢fii requirements.
Page 4

ROMfoRD THODIST CIRCUIT
TRUSTEI S, ANNUAL REPORT
FOR THE YEI AR NDED 31 AUGUST 2024
6.5 Rclated PartleS
Th¢ Circuit is parl of Ihe London District and is also a¢¢ounlable to the Methodist Confcrcnce.
The following Metliodist Churchcs are linked lo the circuit..
Gidca Park, Harold Wood, Hornchurch, Roniford, Upminsler, Rainham, Brentwood, South Ockendon, Farmlands {to I I
FcbruJry 2024) and Havering Rolld.
Reference and Administi'alion Delai15
7.1 The full name of Ilic Charity is Roinford Methodist Circuit.
7.2 The Romford Methodist Circuit is registered as a charity with the Charity Con]mission in England and Wale5. Thc organisalion's
CharityNo is 113279S.
7.3 The addres5 of thc Circuit for correspondence is Circuit Mi55ion Outrea¢h Centre, Clockhouse Lanc, Ron)ford, RM5 3QP.The
nanie of Ihe person to corresponden¢e should be addressed ivas Rcvd Dr E Jackson, Circuit Chair.
7.4 The tnanaging trustees that served during the year weie..
Revd Dr E Jackson, Revd R Asif, Revd K Bell, Revd R Maginley. Deacon S Rigby
In addition therc were some 45 lay managing trustees. A full list of trustees is available on the Charity Commission website.
The Circuit's Bankers are.. HSBC, Co-operative Bank and the Central Finance Board of the Methodist church"CFB"
7.S Investments managed by the Circuit are held by Truslees for Methodist Church Purposes"TMCP"
7.6 Trustee TrAining
A lange of guidance produced by Methodisl Connexion to support the effective running of the Circuit, specifically the leaflet
'The rolc of a Trustee in the Methodist Church, is givcn to all new Circuit meeting members as induction to their role as Iriistees.
Trustee training was held on 28 Noveinber 2017.
7.7 Disclosure of information to Auditors
In so far as the trustees are awar¢'.
Ih¢r¢ is no relevant audit infoTmalion of which ihe Charitys auditors are unawott; and
the trustees h&v¢ lak¢n 911 the steps that they ought to have taken lo make themselves aware of any relevant audit inforn]ation
and to cslablish that the auditois are alv￿￿ of that tnfoiinalion.
7￿ Auditoi's
The auditors Clay Ratnage Strevens & Hills had been auditors to the Circuit from ycar ended 31 August 2016.
Appi'oved by Ilie managing trustees on
and signed on their beha]f by:
Revd Dr E Jaekson
Circuit Chair
PaE¢ 5

ROMFORD THODIST CtRCUIT
Ir+4D[I P[1 ND[I NT AUDITORS, PORT
TO THE, TRUSTCI [1 S OF T￿, ROMFORD METHODIST CIRCUIT
Opinion
We have audited the financial slalemenls of Romford Methodist Circuil (the 'charity') for Ihe year ended 31 August 2024 whieh comprise
Sialement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting polieies.
The financial r¢porting framework that has been applied in their preparation is applicable laiv and Unitcd Kingdom Accoiinting StaJ)dw'ds,
including Financial Rewbrting Standard 102 The Financial Reporting SlandaTd applicable in the UK and Republi¢ of ITeland (United Kingdom
Genei?Ily Accepted Accounting Practice).
In our opinion the financial slalements..
give a truc JJ)d fair view of the state of the charity's affairs as al 31 Augusl 2024, and of its incoiiiing rcsources 8nd applicalion of resources, for
the yeaj. theii ended;
hav¢ been properly prepared in accordancc ivith Unit¢d Kingdom Generally Accepted Accounting Practice; and
Iiav¢ beeiTr pYepa¥ed in accordance ivith tlie requiirments of Ilie Cliarities Act 2011.
BA8is of opinion
We conducted oui. audit in ac¢oi'dance with Intern81ional Stand￿'ds on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities undei.
those slandw'ds are thrther described in Ihc Auditor's responsibilities for the audit of the financial statements section of our repoit. We are
independcnt of the charity in accordance with the ethical r¢quir¢ments that are ￿levant to our audit of the financial statements tn the UK, includii)g
the FRC'S Ethical Standard. we have ￿lfilled our other ethical responsibilities in accordkince with these Tequir¢ment5. We believe that ihe
audit evidence we have obiained is suffici¢nl and appropriate to provide a basi5 for our opinion.
Concluslons relAting to going concer
In auditing th¢ financial statements, we liave concluded that the tn]slees' use of the going concern bosis of accounting in the preparation of thc
financial stateinents is appropriate.
Based on the ivork we have pcrformed, we have nol identified any mateTial utic¢rtainties iel&ling to events or condilions that, individually or
collectively, may ¢asl significant doubt on ihe charitys ability lo continue as a going concern for a FKriod of al least tsvelve months from ivhen Ihc
financial statements are authorised for issue.
Our responsibilitlcs and the Irswnsibilities of the trustees with lEs￿t to going con¢¢rn are described in the relevant sections of this rep)rt.
Othei. information
The trustees are responsible for the other inform81ion. The other infornialion comprises the inforniation included in the Irustccs, annual report
other than the financial statements and our auditor's report Ihereon. Our opinion on the financial statements does not cover the other infoi'niation
and, excepl to the extent otherwise explieitly stated ii) our report, we do not express any form of assurance conclusion thereon.
In conneclion with our audit of the financial statements, our rcsponsibility is to read the other information and, in doing so, consider whether the
other information is Inaterially inconsistent with the f￿anCIal statetnents or our knowledge obtained in the audil or othcrwise appears lo be
materially misslat¢d. If we identify sucl) Inaterial in¢onsisl¢n¢ies or apparent material misstalemcnt5, we are required to determine whether Ih¢r¢ is
a malerial misstat¢ment in the financial statements or a material ma55taten)ent of the other informatton. If. based on the work we have performeLt we
conclude that ilierc is a material misslatement of this otheT infom]ation, we are required io report ihat fact.
We have nothing lo report in this regard.
MAlteiB on iYhi£h Ive are required to report by exception
We have nothing lo report in respect of the following matters in relation to which thc Charities (Accounts and Re￿rts} Regulations 2008 require us
to Teport to you if, in our opinion..
the information givcn in tl)e financial statements is inconsi51cnl in any material respeet with the triistees. rcport. or
suffi¢ienl accoiinting record5 havc not been kept; or
the f￿ancial statements are not in a￿'e¢MCnt with the accoiinling records. or
we have not received all the information and explanations we r¢qull'e for our aiidit.
Page 6

ROMfiORD METHODIST CIRCUIT
INDEPINDCI i¥rr AiJDfToRS' REPORT
TO THE TRUSTEI S OF THE ROMfiORD METHODIST CIRCUIT
Responsibilitie5 of trustees
As ¢xplained n)ore ￿1]Y in the trustees, responsibilities statemenl set out on page 3, the trustccs ￿ responsible for the preparation of financial
stateinents which givc a tru¢ and fair view, and for such inlernal control as the trustees delerniine is necessary lo cnable th¢ p￿paratiOn of financial
slal¢menls that are free froin material misstatement. whether due to fraud or error.
In preparing the financial stateinenls, the trustCC5 ￿¢ responsible for assessing the charity's ability to Continue as a going concern, disclosing, as
applicable, n)attcrs iclated to going eoncem and using the going concern basis of accounting unless the trustecs either intend to liquidate the charity
or lo cease operations, or have no rcalislic aliernalive bul to do so.
Auditoy's I'esponsibililies foy the Rudit of the rtn4neial stxlemenls
We have been appointed as auditor under seelion 144 of the Charities Act 2011 and report in aeeordance with tlie Act and ￿leVant regulalions made
or having effect tlicieundcr.
Our obje¢lives are to obtain reasonable assuran¢¢ about whether the financial statements as a whole are free from material n)isslalement, whether due
to fraud oi. Crror, and lo issue an aiiditor's report that in¢lud¢s our opinion. Reasonable assui'ance is a high Icvel of assurance, but is ttot a gU￿antee
that an audit conducted in accordance with ISAS {UK) will always detect a n)alerial misstat¢ment when il exists. Misstoteinenls can arise froin fraud
or error and are considered malcrial if, individually or in the aggregate, Ihey could reasonably be expected io influence the economic de¢isions of
usei's ¢ak¢n on the basis of these financial stateinents.
To identify risks of illalcrial misstalenient due to fraud {"fraud risk5") we assessed events or conditions that could indicate an incenlive or pressure to
coinmit fraud or provide an opp)rtunity to commit fraud. Our risk ass¢ssmenl procedures included-
Obtaining an und¢rstanding of ihe legal and regulatory fran)¢works applicable to the charity.
Obtained an understanding of how the charity is complying with those legal and iEgulalory frameworks by making enquiries lo the t￿ste¢S.
-The sllsceptibility of tlie charity's f￿anCIal statements to material Inisstatement caused by fraud or other irregularilies were assessed with the
rollowing procedures:
Idei)tifying and assessing the design effectiveness of controls which trusle¢s have in place to pievent dete¢l fraud
Undei'standing how those ¢h8rged with governance consid¢rcd the potential for override of controls a￿d tnanagement biases
Idenltfying and testing journal entries, in particular any journal entries posted w&th urfftusual account combinations
Polential fraud risk5 that had been identified ihroughoul the plo￿Ning and commen¢em¢nl of the audit were communicated to the audit team.
Because of the Inh¢￿￿¢ limitations of an audit, there is a risk that w¢ will not det¢et ail irregularities, including thos¢ l¢ading to a material
tnisstalen)ent in the financial statements or non-con)pliance with regulation. This risk increases the more that Wmplj8n￿ with a law or regulation is
removcd from the events and t1￿]SactIOnS rcflccled in Ihe finan¢ial slalements, as we will be Icss likely to become aware of instances of non-
compliance. The risk is also greater regwding irregularili¢s oeeurring due to fraud rather than error. 8s fraud involves inlenlional conceajmenl,
forgery, collusion, omi55ion or misrepr¢s¢ntation.
A fijrther description of our responstbililies for the audit of the financial statements is loeated on the Financial RetKTrrting Council's website at..
https.'IlWww.frc.org.uk/librarylst￿dordS-cOdeS-poI1cyIaudIt-aSSUranCe-and-eIhl¢sIaudlt0rs-r¢SponSIb1Il1IeS-f0r-thc-aud1V. This description forms part
Clay RAlnage Streven$ & Hi118
Charterod Aecountants
& Statutory Auditoi
Suite D, The Business Centre
Faringdon Avenue
Romford, Essex RM3 8EN
Ccg fvly rf,6(f
Date:
gltl WLf
Clay Ratnage Strevens & Hills is eligible to act as an auditor in ternis of section 1212 of the Companies Act 2006.
Page 7

ROMfoRD METHODIST CIRCUIT
STATCI MEI NT OF f4 INANCIAL ACTtVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
General Fiiiid
(Unrestricted)
Cii'eull l¥Iodel
Trust fiund
(iJnresti'i¢ledl
Designated
ri unds
nrestrieted
Othei. Funds
(Restricted)
TotAI
2023-24
TotAI
2022-23
l Donations & Legacie5
2 Inl¢rest and Investnicnt InGome
843
235
1,078
37.513
45J91
186.732
693
28,239
14,032
186.732
3.217
345
6,057
31,014
31,236
52,222
182,676
3 Other income
4 Ass¢5sinent on Churches
5 Conttibirttons from Cir¢uit Model Tritst Funds
6 Coiinexional Advance & Propety Fund
7 Capital r¢c¢ipls Refund of contribution to
8 Grants (in¢liiding trfs from DAF)
9 Mws¢ Rent Received
20,000
20,000
38,577
329,291
25,000
33,775
325,602
38,577
42,139
10 TotAI Itheome
229,846
57J06
ExpeDdiliire
I l Grants gthd Donations
5,000
5,000
191,409
70,789
8,254
113,714
236
12 Salaries and associated costs
159,846
29,300
7.684
53,692
236
31,563
22.524
570
199,718
78,402
6,696
127,455
749
13 Property (incl Ins., C t￿. utilili¢s etc)
14 Offi¢e Expeiises (Admin.. tel. trav¢l ¢t¢.)
1 S District assessmet)t
18,965
60,022
16 Depreciation
17 Other Expendithr¢ (in¢l training)
7,048
7,724
4,715
2,304
21,791
20,454
18 Audit
10
4.344
262,150
132,304)
56,709
24,405
3,036
4,344
415,537
(86,246)
4,140
437,614
112,0121
19 TotAI xpendlture
20 Net IiicoDielIExpe￿d1t￿re)
21 Transfers b¢tsv¢¢n fijnds
67,746
(67,7461
(90,000)
1157,746)
28,680
13,459
31,541
4S,000
56,961
345
18
1,750
2,09S
22 Siib Total
(86246)
3.036
1112,0121
23 Transfrr of balances from Farmlands Church
24 Gain￿{loSSeS) on sale of Mo]15
25 Gaind(lossesl on revaluation fixed assets
26 0ainsl(lossesl.' on investm¢nt assets
27 Net iDYestment In funds
28 Total funds brought foThv8rd from last year
li
80.222
177,524)
916,959
80,222
{2,988)
8,622.537
(22,939)
1134,951)
8.757,488
27,441
6,270,883
45,000
75,110
2,095
1,359,585
29 TotAI lunds cari'led forwai'd At end of
ytAr
6,298,324
839,435
120,110
IJ61,680
8,619049
8,622,537
For information only: Money recelved and PA5sed on to IixternRI OrgAnisati011s
BalAnce brought fonvRrd Irom IAst year
OfferÈngslGifts- received for Exteind Organisotion5
Offeiings/Gifts- passeil to Extetnal Organisations
BAIAnce still to be pald
180
(180)
The notes on pages 10 to 16 fomTr part of these accounts.
Page 8

ROMFORD METHODIST CIRCUIT
BALANCE SHEET
AS AT 31 AUGUST 2024
General rtund
(Unrestrietedl
Circuit Model
Trust fiiind
re5trieled)
DesignAted
Funds
(Unrestrieted)
Other Funds
(Restricted)
Total
2024
TolAI
2023
Tanglble filxed Assets
Manse and other fixed assets
io
6,200,236
1.249,764
7,450,000
7,450.236
lJ)vestment Properties
1ilV¢Stnienls
li
837,040
837,040
45.000
45,000
882,040
916,959
TolulfLKedu5sels
6,2110,236
1,249.764
8J32,040
8 J67,195
Current A$5el$
Debtors aiid Pr¢paym¢nt5
12
29.096
2,000
94
31,190
26,371
Central Finance Boai'd and
Ti'u51ees for Methodist Church
Pui'poses deposits etc
13114
100,753
4,983
68,871
127,891
302.498
280,515
Cash at Bank and in hand
14
18,953
148,802
5.202
23
24,178
357,866
20.952
327,838
Tolalciirreiil llsseis
4,983
76,073
128,008
Creditol's And Aecruails (diie i
undei. one
ear
15
50,714
2,588
963
16,092
70.357
72,496
Net tui'rent {lihbillties)/Assets
98.088
2,395
75.110
111,916
287,509
255,342
TotAI Assets le8S ¢UI'lYlIt liKbilittts
6298 J24
839,435
120,110
la61,680
8,619,549
8,622537
Long tei'm Ilabllltles
Grat)ts Poyable
Other liabilities due aft¢r onc y¢ar
Nel assels
6,298,324
839,435
120,IJO
1061,680
8,619,549
8,622,537
Fund5 of the Clreiilt
General Fund (Unrestricted)
Ircuit Model Trust Fun
(Unrestri¢ted)
6.298J24
6298,324
6,270,883
839,435
839,435
916,959
Designated Funds (Unrcstricled)
Total Uni'esti'icted funds
120,110
120,110
7257,869
1,36l,680
1,361,680
8,619,549
75,110
7,262,952
1.359,585
1,359,585
8,622537
oilier Funds {Restrict¢dl
Total Restricted fiinds
1,361.680
Tolfil Fuiids
17
6,298,324
839,435
120,110
1,361,680
The notes on pag¢5 10 to 16 form part of these accounts.
Approved by th¢ munagiiig tnistees on
and signed on their behalf by..
Revd DT E Jackson
Circuit Chair
Page 9

ROMfoRD Mll THODIST cIRC￿T
NOTES TO ACCOUNTS
FOR THE YCAR ENDEI D 31 AUGUST 2024
Ae£ounling frameivork And accounting policies
Aceounting frarneivork
Tlie financial statements have been prcpared in accordancc with Accounting and Reporting by Charities: Sialemenl of
Reeommended Practice applicable to charities preparing their accounts in accordan￿ with the Fiiiancial Reporting Standard
applicable in the UK and Republic of Irelatid issued in Octobei. 2019, the Financial Repoiting Slandard applicablc in tlic Uiiited
Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Aecepted Accounting Practice.
Public benefit entity
The Circuit meets ihe definition of a public benefit entity under FRS 102. Assets and liabilities oxc initially recognised at
historical cost or transaction value unless otherwise stated in the relevant a¢¢ounlin8 poli¢y notes below.
Basis
These accounts have been prepared on the basis of historieal cosl exeepl that Manses are shown at their market value at the end
of the year, on tlie accruals basis to show a truc and fair vicw of the Circuit's financial position and activities.
iv
Content
The finan¢ia] inforniation presented is relevant, reliable. coinporable and complete. Where estimates arc uscd Ihcsc ba5cd on
experience, research and judgement. The a¢¢ounls ar¢ expr¢ss¢d in £Sierling, rounded to the nearest pound.
FRS102 SORP 2019
These accounts are compliant wilh FRS 102 and with the FRS 102 SORP 2019.
vi
Going eoneei'n
Based on the monetary assets and human resources available at 31 August 2024, the trustecs bclicve that the Circuit is a going
concern.
Con501idation
The Cireuit oversees the w)rk of ministers and lay workers in Churches Mqihin the Circuit, but does not have control over those
Churches, ministers or IAY workers except in extreme circumstances, none of which were applicable. For this ieason, the
financial statements of the Chur¢h¢s within the Cir¢uit are not consolidated into these fmancial statemenls.
Ministerial oversight and pa$toro1 ¢ar¢ of the len local chlli'ches in the Circuit
Income is brought into account whcn At is more likely than not that the economic benefit of the in¢om¢ will acuue to the Circuit.
No attempt is made to measure the value of services donated by volunteers. In accordance with the Charities SORP (FRS 102),
the lime of volunteers is not recognised.
ix
Expenditure
This is recognised when a liability 15 incurrcd, or a constructive obligatiott ￿l$es, that ￿ullS in the payment being unavoidable.
Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or
C0115tTU¢tive obligation committing the Circuit lo pay out resouw¢s.
Page 10

ROMfiORD Mri THODIST CtRCUIT
NOTES TO THE, ACCOUNTS
FOR THE YEI AR EI NDED 31 AUGUST 2024
Grants
Granls ￿.¢ i¢¢ognised annually only as and when any perfonnance eondilions attaching to the award are met, even when the
award is for a iEcurrent gr￿lt over more tha￿ one ycar. All grants aW￿d¢d for pa)qncnt in future financial years are ¢ondition81
on the Grants Committee being satisfied, on the basis of progrcss repoils from the granlce, Iliat tli¢ granvs achieveinents to date
juslify ihe payment of fiirther instalments of that grant. Such commitmenls are noted as eontingent liabililies and included
within the Circuit Advance Fund or other relevant designated fvnd in these accounts.
VAT
Sii)ce the Circuit is not VAT registered, all input VAT 15 charged with the expen5e5 to which it rclatC5.
TAngible fixed Asset5
Thcsc are capilrllised if they Can be used for more than one year. The Manses are shoivn in the accounls at market valuation at
the end of thc financial yew.
Debtors and creditors. bank cash
Debtors are slated at the amounts owed lo the Cireuit or PiEpaid. Creditors are initially recognised at settleinent amount after
ally trade discounts, where normal credit tcrm5 applyy or amounl advanced to Ihe Circuit. Subs¢quently creditors that are cuirent
liabilities are mcasured at thc casl) or other consideration ¢xFK¢ted to be paid. The liquid thnds of bank balances and deposit
a¢eowil balances are shown at the realisable values.
xlv
Minister5, mAnse e05ts
The Ciycuit is required to provide accom1n0d￿10n for eacli Minister and his / her faJnily. The Circuit be￿5 th¢ c051 of repairs.
maintcnance. building insurance. Council Tax and water ¢harges. These costs are not shown separately as benefits-in-kind for
Ministers as HMRC does not seek lo tax these re¢¢ipts in the hands of the Ministeis.
Page 11

ROMFORD MEITHODIST CIRCUIT
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 AUCUST 2024
A5se55ment Churches
For Ili¢ ¢urrent and future year5, an asses5rnent on churche5 15 delemiined annually using a procedu￿ kno1￿ as"Give and Share"
vheFeby Churches offer Contributions towards the CiTCUlt budget depending on tlie total r¢quiied and ability to pay. Assessments
011 Churche5 In th¢ Circuit for the year8re as folloivJ'.
Churcli Ns)m¢
2023-24
2022-23
Romford CoJitTibulion
19.5(X)
2.000
4,000
10,800
18,299
21.800
2,0(K)
8.000
10.064
17.072
Souili Ockendon Contributioii
Fjrmlands Contribiition (cea5¢d ivor5hip I l FebTuary 2024)
Raiiiham Contributioii
Havering Road Contribiitio
tr- Ll
Gidea Park Contribution
20,(X)O
23.000
22.646
14.750
51.737
186,732
16,800
21.646
22,646
13,500
49,148
182,676
HaTold Wood Contribution
BretJttvoDd Contribution
Horncliuich Contribution
Upminsler Contribution
Other In¢ome
2023-24
31,014
10,546
3.402
429
2022-23
36.667
10.546
5.009
Mast and hall hire Circuit Mission Outrcach C¢ntre- Fotmerly Collier Row Church
Reiilal in¢ome Circuit Mission Outreach Centre
Upminster m8nse expenses reimbursed by Neivliain Methodist Chu]rh
Miscellaneous income
45.391
52,222
Grants iyere made during the y¢#r as Shown In the table below:
2023-24
2022-23
Grants lo member Churche5
5,000
5.000
88l&ries And As50CiHted costs
2023-24
2022-23
Gross Pay
Employ¢¢s National InsuTon¢¢ Contribution
Employerfs pension contribution to the defjned benefit 5chetne
Lay staff Gross PAY
lay staff Employels National Jnsurance
Lay staff employefs pension contribuiion to the defjned contribution 5cheine
Apprentice levy
Payroll and pension admin charges
R¢fund of contribution to MMPS
138,413
12,915
36,169
25,123
957
128.250
11,693
33.538
23,038
675
1.507
814
1,283
761
480
480
(24,969)
191.409
199,718
Gross salaTiC5 psid to five ministers and two lay staff in theyear.
Page 12

ROMfiORD METHODIST CIRCUIT
NOTES TO THC ACCOUNTS
FOR THE YEIAR ENDED 31 AUGUST 2024
SalArie5 #550Cinted costs (Continued)
PAyiiient lo Tru$tt¢$
It is Circuit policy lo offer to T¢imbut5e membets of the Circuit Meeting ond others involved in Ilie adininislratiotl of Circuit affairs
for expenditur¢ properly incur￿d In canying out their duties. The Chair of Ilie Circuit undertakes the primary ¢x¢¢utive role ivithin
Il)e CiTCUIt. Apart from the Chair of the Circuit and Miiiisl¢TS. no tnember of th¢ Cir¢uit Council was in receipt of any payment for
IiY)rk undertaken on behalf of the Cir¢uit. aiihougli certaiji trdvellijig aiid 8dminisltalion c051s iYer¢ ieimbursed ivheii¢ver tliis ivds
requ¢sted. During the year, the Circuit paid £1,788 {2023 - £1.3381 to Mr T Pugsl¢y. a trustee. for repair iiY)rk carried out al varioiis
Manses and to Ilie Collier Row preTnises.
No accrual is fftadc for th¢ ChaiV5 entitl¢m¢nt lo 4 5abbaticul as her fijnciions are undertaken by other Circuit Chair or delegated
petson5 at minimol extra eost to the Circuit.
P¢n81ons
Most ordained presb￿cr8 and deacons are membets of tlie Metli<Klisl Ministers, Pension Scheme (MMPSI. This is a defined ben¢fil
scheme. The Supieme Court held in 2014 that Methodist ministers (Ivliicli tertt] include5 presb￿¢[$ and dvd¢onsl are not employees
of the cliu￿h. For siinplicity, hoivev¢r, when dealing iwth National Iiisurnnce Contributions and pe115ion contributions, the term5
'eJnployerf and eTnploye¢' are used as they ivould be in an eJnployin8 body. The MMPS 15 in deficit but a plan for reinov81 of the
deficit is bein8 implemented. It ivould be difficult to det¢miine the liability that Could fall otj the London District gtld no attempt ha5
beeii made lo attetnpt thi5 valuation. The lay workers are enrolled in a defined contributioii sclieme managed by The Pension Trust.
Property costs
Manse repai
Jnsutance and vtilities
2023-24
2022-23
24.782
32.493
19,404
20,034
16,057
15.329
10,546
10,546
70,789
78,402
11 should be noteit that the Circuit chair and mini5teTial team Are required to oc¢upy the Circuit Inanse5. Citciiit pays for the Mgns¢
nd project centre repairs on a regular basis. Any major ￿turb1$hMentS ar¢ discussed and approved at the Circuit meeting before Ilie
vork starts. Circuit pays for Manse's insuranees, utilities and couiicil tax for all the Manses occupied by ¢hair 8nd tn]stees ekcept for
two Manses Thl)ich are let out.
CoJn¢il lax
CMOP 5hate of lost rent
oiriee expenses
Telephone
TFavel
2023-24
2022-23
4,185
2,671
974
3.631
2,595
72
Postage and stotion¢ry
Software
248
190
Bank charge5
176
208
8.254
6.696
Other expellditure
Pre4¢hets fees ond expenses
Removal costs
202J-24
2022-23
1.077
3.393
600
Ministers, relo￿tIon allowance
Training and eonfetence
Sundries
218
184
1.352
10,367
7,157
1,735
1.628
3224
8.536
1.769
43
Olher¢harge5
Prof¢65ioD31 f￿5 and stjrvey costs
Mission Outreach Fund Activities and Resources
tA)an interest
21.791
20.454
Pagc 13

ROl¥triORD MEI THODIST CIRCUIT
NOTES TO THE ACCOUNTS
riOR THE YEAR EIYDED 31 AUGUST 2024
Fees for exarnination or audit of the accounts
2023-24
2022-23
Aiiditors, fees
1.956
2.388
4,344
.863
2.277
4.140
Oilier fees (e.g.: advice, accountancy 5¢tVlCe5)
10 Totfil T Angible fiixed As5el$
Other
Land LaDd
TolAI
rfixed
Buildings
DuildiDg5
(Other) IMan5es)
As5e15
Cost or valuHtIo
Balaiice at 1st Sept 2023
Additions in the year
Contribution Teceived
236
2.050.0(K) 5.400.000
7,450,236
Depre¢iation
Revalu)tions in theyeor
Disposals in year
Balance at 31st August 2024
{236)
(2361
2,050,000 5.400.000
7,450,(X)o
Th¢ Land and Buildings were revalued 8t 31 August 2022 and agreed by the Trustees. No depreciation is provided on Ilie bliilding
because the trustees consider the current fair value of the Jnanse buildings lon the a5suinption tliat il had reached the end of its us¢fvl
economic life by the year-end) to be not les5 than ils cUr￿n1 value. Any depreciation ivould not b¢ material. The mgnses hav¢ been
revi¢w¢d foi impaitment.
lthYe$tm¢nt propei'tles
No tnansc ss currently deemd to be held for the long t¢mi investment purposes of the Circuit.
I I InVeSt￿entS
Unit trLlSts at rnarkct valu6
Balgnce at 1st Sept 2023
Additions in the year
Dispos81s in year
Revaluations in th¢ year
Balance at 3 1st August 2024
916,959
953,269
(1,068,410)
80,222
882.040
Page 14

ROMf%ORD MCI THODIST CIRcurr
NOTES TO THE ACCOUNTS
riOR THE YEAR NDEI D 31 AUGUST 2024
12 D¢blors And prepAyMents
2023-24
2022-23
PrepAym¢]Jts Acerued incoNae
Stipends paid in advanc¢
13.711
1,368
2.094
3,385
6.000
2.044
2.588
31.190
15.612
1,298
674
Council tax and utilitlC5
Rent receivable
Insuranee
2,939
Cliurcli assessment due
ConlTibuiion to Inanse runnin8 costs
A¢¢￿ed investment income
5.848
Total
26,371
13 Trustees for Methodist Church PurpoxtS
Tlie funds that support tlie Circuit Model Trust Fund gre held by TMCP. TMCP is the legal owneT and Custodian Twstee of all
Methodist Model TTUSt property. in¢lyding Legacies, Endoivments and Accumulated funds. TMCP ensure that, througli providing
guidance and a¢lin8 under their direction, tlie Managing Ttustees ¢omply with charity laiv and M¢thodi5t law and policy as
detern)ined by the Methodist Conferenc¢.
14 Centrfti fiin&Dce BoArd IcfiB) And tash at bhthk
The circuit ha5 a ¢unYnt a¢¢ounl with HSBC UK Bank plc and a current account at The Co-operative Bank Plc, boili authorised
institutions. The sums held on the accouiit are immediately avai18ble. In addition, the Circuit has three deposit accounts al CFB.
Interest is earned on these CFB accoutlls and ciedited monthly. This number excludes the restricted fijnd o¢counts.
15 Credltors snd ficcrued expenses
Creditor$
2023-24
2022-23
Expenst5 reimburseinent
Audit and accountancy fees
444
465
4,344
4,788
4.140
4.605
Atei'uAls defei'red income
Deferred incojne foractlvlty n¢Kt year
Other acen]ed property expetJ5es
Accrued investment income
62,741
65,173
2,718
2.588
240
Agent$ fees related lo rent arre4r5
Total of Creditor5 Accrued exp¢N$es
70,357
72,496
16 GrAnt coniml(Tnen15
A furth¢r gtant of £60.000 over 3 yeaTS ivas agreed by the District Advonce Fund to support the Circuit Mission Outreach Project
from 2025r26.
Poge 15

ROMfoRD METHODIST CJRCUIT
NOTE4 S TO THE ACCOUNTS
FOR THE YEAR ENDID 31 AUGUST 2024
17 Cir¢vlt funds (Unrestricted And Re5trictedl
The Circuit maintains a numb¢r of 5¢parat¢ fund5. The putpose, type, movement and stale as at the end of year i5 d￿uMented b¢low.
The fund5 held conslittite.. General Funds ftir any purpose and Cir¢vit Development Fund, the capital nomially being unavailable ft*r spending and the income
from i¥hich is ¢itlier R¢strt¢led or Unrestricted. Details of eacli materlal fund aTe di5cI05ed in the nol¢s beloiv.
Project
General Funds- Unrestricted
2023-24
6,298,324
2022-23
6.270.883
Foi u5¢ Ot the discretion of the trustees in the thrtheranee of the objective5 of the
Circuit. Thb5 excludes fund5 Ivhich have been d¢signated for a spe¢ifi¢ purpose.
Circuit Model Trust Fund
The residual ba18nce of funds ivhich arose from die sale of Churche5 p￿vIOUslY ¢losed
aiid 501d and the previous sale OE Manses. For specific purposes but not Te5tTiCted by
dociimeiit 01 deed to tlial purpose alone.
839.435
916,959
Unr¢5trict¢d
Designated Funds- Unrestri¢led
Manse Fund for the mainte118nce of manses
75,110
45,0(M)
75,110
Other- to a551sI mcinbeT Churchcs
Mis$ioi) Outreach Fund- Restricted
{FormeTly Youth Foruml
Special Project Fund)
Circuit Mi55ion Outreach
3.537
1.345,425
3.537
.344,484
Collier flow Mission Outreach ￿0jeCt
l£gaGies und funeral colle¢lions
For use for the PUTpose5 5￿CIfIed in the relevant Wills or family requesis
10,635
10,065
Circuit Benevolent Fund- Re5tricied
To help meet the exceptional needs of presbytels and deacons Circuit lay employees and
their d¢p¢ndents wqthin the Romford Circuit that cannot be met at a local Chutch 01
Circiiit level alone, by ptoviding o r¢sourc¢ froin ivhich confidential pa)qnenls can be
made at the discretion of the TTUSttts.
2.083
1.499
11
8,619,549
8,622,537
18 Transfer belween funds
2023-24
2022-23
Property siirplus transfer to general fLmd
Other designated fund ttan5fr1 to general fund
CfvffF transf¢r to general fund
Contribution from general fund to circuit mi5510
Transfer donation from CMTF to Benevolent Fund
18.459
2,781
25,000
100,732
40,000
1.750
518
CMTF tra￿sfer to designated fund
50.IK)O
19 Volunteer ¢ontrlbutlon
Every entity Icotfftexion. District. Circuit. Church) Iirythin the Meth￿iSt church in GB is heavily reliant on volunteers who contribute their skills, tim¢ and
money in the fi]rtherance of the woik of th¢ Chuieh. Principally thts contriblltiott is by servin8 on comJnitt¢¢s of the Circuit that deal mission. manse4
finance, policy, gTants, traiiiing, developinent. We are grateful to dl of thein foT their lielp and commitment.
20 Conneeted Orginl$Allon$ And relHttd pHrties
ConnEcted organisations include th¢ Methodist Connexion, Ilie District and Churches wilh]"n th¢ Circuit. CFB and TMCP.
All of these entities have their owi trustees or dii¢ctOT5 and autonomous administration. Details of transactions occuring
during the year were as folloME'.
N*me of Conne¢t¢d Org4nÉ$afion
Rt¢tlpts
P4ymtnts
Donor..
Churches within the RomfoTd CiTCUlt- Assessments
186,732
20.000
DonorlDonee'. The tA)iidon Districl Ilevieslwts)
Donee..
Meth(Klist Church Fund via the London District
Grant Paid to Churcli¢s within the Romford Cir¢uit
67,754
45,960
Donee..
206,732
118.714
Pa8e 16

DECLARATIONS
Treasurer
I confirm that I have prepared the accounts from the records of the Circuit and that they include all
funds under the control of the Circuit
Signature of Treasurer
Name
Tom E J Smith FCA CTA
Address
Circuit Mission Outreach Centre, Clockhouse Lane,
Romford RM5 3QP
Date
11¥1102S
Presentation to the Clrcult Meeting for approval.
I confirm that the Accounts will be presented to the Circuit Meeting on l April 2025 for approval.
Signature of the Chair of the meeting
Name of the Chair of the meeting
Rev Dr E Jackson
Date