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2025-08-31-accounts

Trustees’ Annual Report for the period

From 1[st] September 2024 Period start date To 31[st] August 2025 Period end date

Charity name: Rotherham and Dearne Valley Methodist Circuit

Charity registration number: 1132844

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The purposes of the Methodist Church are
and shall be deemed to have been since the
Date of Union the advancement of:
d) The Christian Faith in accordance
with the doctrinal standards and
discipline of the Methodist Church ;
d) Any charitable purpose for the time
being of any Connexional, District,
Circuit, local or other organisation of
the Methodist Church
d) Any charitable purpose for the time
being of any charity being a charity
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
Para 1.17 and
1.19
The Circuit produces a quarterly preaching
plan to ensure regular acts of worship take
place at each of the 10 Methodist Churches
and the 1 Local Ecumenical Partnership in
its geographical area.

These are open to all people without charge
and serves over 500 people every week this
way.

The Circuit exists to provide a living
expression of the Christian faith in action,
both in individual’s lives and in community
work, and providing a regional and national
voice. This includes organised acts of
learning, caring, worship and service. We do
this from a base of 10 caring communities
and several charities.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Each of our 10 churches has a variety of
public services that it offers, across all the
age ranges including, providing rooms for
community use, Mums and Tots groups,
playgroups, youth groups, support for youth
uniformed organisations, including, Scouting,
Guiding, Boys Brigade, Girls Brigade and a
range of activities for adults and the elderly
including Memory cafes and Senior Youth
Clubs. Through High St Centre in Rawmarsh
we provide services on behalf of RMBC
through our Youth Charity, and Community
development work. This includes respite
care for children with special needs, after
school care, youth clubs and meeting space.

We have active connections with local
primary schools. This includes assemblies,
prayer spaces, Godly Play and church visits.
A number of other schools are supplied
assemblies from the ‘Open the Book’
scheme.

The Circuit is directly involved and support
the following ministries and projects in its
area in partnership with other Christian
Groups.

•The charity, Lighthouse Homes
which offers accommodation for
homeless men & women.
•Shiloh – day centre for homeless
men and women
The Circuit works in partnership with other
Christian Churches and a number of
Christian charitable organisations across the
Rotherham
Geographical area.

We confirm the trustees have had regard to
the Charity Commission’s guidance on
public benefit.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The Reserves policy for the Rotherham and
Dearne Valley Circuit is to hold equivalent to
6 months’ average expenditure in
accordance with Methodist Standing Orders.
This should be sufficient to meet any
unforeseen item of major expenditure.
It is necessary to hold sufficient working
capital to enable the quarterly payment of
stipends and business expenses for two
presbyters and four Lay Workers (from 1
September 2024) and our contribution to the
District and Connexion.

Achievements and Performance

Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 SORP reference
Para 1.20		 Mission
Schools work is being developed further with
active involvement across the borough. This
includes assemblies, ‘Open the Book’ story
time, ‘Experience festival’ sessions and
Godly Play and prayer spaces.

Trinity Hall continues to function as a
sustainable community centre, with provision
with office space upstairs. The downstairs
being used by Broad Horizons which
provides care for adults with learning and
physical difficulties.

Memory cafes are being run at Wickersley
and St. John’s.

Rawmarsh has renovated a new entrance
and meeting rooms which are used by the
community and NHS.

A new entrance area has been completed at
Broom Church

Family Fun Church has been established at
Central and Broom and the
Little Boat Club for babies and pre-schoolers
runs at Central, Broom, St John’s and at
Furlong Road

An Alpha Course has taken place over 10
weeks at Wath Methodist Church

Whiston is working hard with the Parish
Council to offer additional support for
community events

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 At the year end the Circuit is holding
unrestricted reserves in excess of its
reserves policy. The Managing Trustees
anticipate that reserves will reduce in future
years from investment in mission through
staffing and supporting churches with capital
investment in their premises.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The Reserves policy for the Rotherham and
Dearne Valley Circuit is to hold equivalent to
6 months’ average expenditure. This should
be sufficient to meet any unforeseen item of
major expenditure.
It is necessary to hold sufficient working
capital to enable the quarterly payment of
stipends and business expenses for two
presbyters and four Lay Workers (from 1
September 2024) and our contribution to the
District and Connexion.
Amount of reserves held Para 1.22
Not applicable
No funds are in deficit
Based on the information currently available in
respect of the future, the Managing Trustees
consider that the Circuit has the plans and resources
to manage its risks successfully and that there are no
material uncertainties about the Circuit’s ability
continue as a going concern.
Formatted:Font: Not Bold
Formatted:Font: Not Bold
Reasons for holding zero
reserves		 Para 1.22 Not applicable
Details of fund materially in
deficit		 Para 1.24 No funds are in deficit
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 Based on the information currently available in
respect of the future, the Managing Trustees
consider that the Circuit has the plans and resources
to manage its risks successfully and that there are no
material uncertainties about the Circuit’s ability
continue as a going concern.
Structure, Governance and Management
Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25
The Circuit is an unincorporated association
and is governed by the Methodist Church
Act 1976, the Deed of Union and the Model
Trust Deeds of the Methodist Church
How is the charity
constituted?
(e.g unincorporated
association, CIO)
Para 1.25
The Circuit’s governing document is the
Constitutional Practice and Discipline (CPD)
of the Methodist Church of Great Britain.
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
Para 1.25
The Circuit Meeting, who are the managing
trustees, include key office holders
appointed by the meeting and
representatives appointed by each of the
churches within the circuit, in accordance
with the provisions of CPD.
Reference and Administrative details
Charity name
Rotherham and Dearne Valley Methodist Circuit
Other name the charity uses
Registered charitynumber
1132844
Charity’s principal address
18 Queensway
Rotherham
S60 3EE
Formatted:Font: (Default) Arial, 11 pt
Formatted:Font: (Default) Arial, 11 pt		 Structure, Governance and Management
Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25
The Circuit is an unincorporated association
and is governed by the Methodist Church
Act 1976, the Deed of Union and the Model
Trust Deeds of the Methodist Church
How is the charity
constituted?
(e.g unincorporated
association, CIO)
Para 1.25
The Circuit’s governing document is the
Constitutional Practice and Discipline (CPD)
of the Methodist Church of Great Britain.
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees
Para 1.25
The Circuit Meeting, who are the managing
trustees, include key office holders
appointed by the meeting and
representatives appointed by each of the
churches within the circuit, in accordance
with the provisions of CPD.
Reference and Administrative details
Charity name
Rotherham and Dearne Valley Methodist Circuit
Other name the charity uses
Registered charitynumber
1132844
Charity’s principal address
18 Queensway
Rotherham
S60 3EE
Formatted:Font: (Default) Arial, 11 pt
Formatted:Font: (Default) Arial, 11 pt
Charity name Rotherham and Dearne Valley Methodist Circuit
Other name the charity uses
Registered charitynumber 1132844
Charity’s principal address 18 Queensway
Rotherham
S60 3EE
me
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20		 s of the charity trustees who manage the s of the charity trustees who manage the s of the charity trustees who manage the charity
Dates acted if not for whole
year
Name of person (or body) entitled
to appoint trustee (ifany)		 charity
Dates acted if not for whole
year
Name of person (or body) entitled
to appoint trustee (ifany)
Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Rev. Dr. Andrew
Fox
Rev Louise
Makin
Mr Edward
Siddall
Rev Lynn
Broadhead
Rev Joyce
Barrass
Rev Dick Styles
Rev Jennifer
Park
Mr David Ryan
Mrs Anne
Holmes
Mr John Cook
Mr David Guy
Mrs Karen Dunn
Mr Robert
Hambrey
Mrs Muriel
Mellars
Mrs Gill Styles
Mrs Rona
Hudson
Mrs Gail Atkin
Mr Alex Hall
Mrs Eleanor
Wainwright
Mrs Victoria
Loveday		 Superintendent
Presbyter
Lay Pastor
Presbyter LEP
Supernumerary
Supernumerary
Supernumerary
Circuit Treasurer and
Governance Officer
and Treasurer
Circuit Secretary and
Circuit Steward
Assistant Circuit
Secretary
Action for Children
Secretary
Climate Justice
Officer
Local Preacher
Secretary
Representative for
Local Preacher
Meeting
Representative for
Local Preacher
Meeting
Trustee
Trustee
Trustee
Trustee
Trustee
Circuit steward

Names of the charity trustees who manage the charity

Mr Francis Lovell Trustee
Mrs Margaret
Moran		 Trustee
Mrs Janet Griffiths Trustee
Steve Hannam Trustee
Mrs Joyce Kilner Trustee
Chris Houghton Trustee
Mrs Irene White Trustee
Anne Wright Trustee
Mrs Anita Andrews Trustee and
Circuit Steward
Mrs Kay
Smallwood		 Trustee
Mr Dave Wright Trustee
Mr Gary Pitt Trustee
Peter Drabble Trustee
Mrs Angela Yardy Trustee
Kay Hester Trustee
Mr David Schofield Trustee
Miss Liz Hill Trustee
Mrs Julie Hardwick Trustee
Mrs Irene Benson Trustee
Mr David Sykes Trustee
Amy Wright Trustee
Mrs Jane Shore Trustee
Mrs Anita Taylor Trustee
Janet Hampshire Trustee
Circuit Steward

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) A M Fox Full name(s) Andrew Mark Fox Position (eg Secretary, Chair of Circuit Meeting Chair, etc) Date 08/06/2026

Charity registration number 1132844 (England and Wales)

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

LEGAL AND ADMINISTRATIVE INFORMATION

Ministers Rev Dr A Fox
Rev L Makin
Layworkers Pastor - E Archer Siddall
Governance Officer - D Ryan
Lay Visitor - K Dunn
Lay Visitor - E Whiteoak
Childrens worker - G Perkins
Circuit stewards D Ryan
A Holmes
V Loveday
J Hampshire
A Andrews
Treasurer D Ryan
Charity number 1132844
Registered office Central Methodist Church
Lodge Lane
Aston
Sheffield
S26 2BP
Accountants Hart Shaw LLP
Europa Link
Sheffield Business Park
Sheffield
S9 1XU

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 17

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their annual report and financial statements for the year ended 31 August 2025.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Deed of Union (1932) and Methodist Church Act (1976), the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and activities

Charity objective is to act as a Resource provider within the area around Rotherham for the Methodist Church.

The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of -

(A) The Christian Faith in accordance with the doctrinal standards and the discipline 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

How the charity achieves its aims:

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The charity is the controlling body of the Methodist Church in the Rotherham and Dearne Valley area. We seek to promote the Christian Gospel of Hope through the life and teachings of Jesus Christ as contained in the Holy Bible. We do this in many ways but mainly through the operation of 11 Churches in this area. The beneficiaries of our work are many and through discussion at our circuit meeting we constantly seek new ways of spreading the Gospel.

Financial review

The charity is financially solvent and currently holds reserves in excess of Methodist requirements as laid down by conference. We are looking at how our reserves can be deployed in the future.

The charity are required to hold as reserves within the Methodist church 6 months annual expenditure as a minimum. There is no requirement to spend sums in excess of this.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

Structure, governance and management

The Rotherham And Dearne Valley Circuit is under the control of the circuit meeting in this area. The actions are outlined and discussed at our quarterly meeting. Reports are presented on a regular basis to explain our current situation.

All financial documents are supplied to the Sheffield District which itself oversees a number of circuits in this area. The day to day running of the circuit is overseen by the Circuit leadership team who are the employed staff and a number of unpaid lay circuit stewards.

The trustees who served during the year were:

Rev J Barrass Rev J Park A Andrews
L Broadhead Rev A Fox Rev L Makin
J Cook P Drabble K Dunn
D Guy A Hall R Hambrey
J Hampshire S Hannam K Hester
L Hill J Hindley A Holmes
C Houghton R Hudson B Millington
J Kilner R Lindley J Hardwick
V Loveday F Lovell G Atkin
M Mellars M Moran P Na
G Pitt D Ryan D Schofield
E Siddall K Smallwood D Wright
D Styles G Styles A Yardy
E Wainwright I White F Wilson
A Wright E Wright

All members of the circuit are appointed by the churches in the area of influence plus the paid staff employed by the circuit.

The trustees' report was approved by the Board of Trustees.

David Ryan Treasurer

23 February 2026

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

I report to the trustees on my examination of the financial statements of Rotherham and Dearne Valley Methodist Circuit (the charity) for the year ended 31 August 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I 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 financial statements to be reached.

Natalie Bracey FCA Hart Shaw LLP

Chartered Accountants Europa Link Sheffield Business Park Sheffield S9 1XU

Dated: .........................

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Unrestricted Unrestricted Endowment
funds
TMCP fund
funds
2025
2025
2025
Notes
£
£
£
Income and endowments from:
Donations and legacies
2
2,198
-
-
Charitable activities
3
211,523
-
-
Other trading activities
4
38,150
-
-
Investments
5
21,667
25,300
1,097
Other income
6
-
-
-
Total income and endowments
273,538
25,300
1,097
Expenditure on:
Charitable activities
7
320,393
4,117
-
Contributions to DAF
-
36,476
-
Other expenditure
12
-
1,960
169
Total resources expended
320,393
42,553
169
Net gains/(losses) on investments
13
-
-
96
Net (outgoing)/incoming resources
before transfers
(46,855)
(17,253)
1,024
Net (outgoing)/incoming resources
before transfers
(46,855)
(17,253)
1,024
Gross transfers between funds
62,928
(62,000)
(928)
Net movement in funds
16,073
(79,253)
96
Fund balances at 1 September 2024
1,009,566
603,014
51,976
Fund balances at 31 August 2025
1,025,639
523,761
52,072		 Total
2025
£
2,198
211,523
38,150
48,064
-
299,935
324,510
36,476
2,129
363,115
96
(63,084)
(63,084)
-
(63,084)
1,664,556
1,601,472		 Total
2024
£
-
198,487
30,535
60,447
22,360
311,829
351,700
38,891
1,948
392,539
3,732
(76,978)
(76,978)
-
(76,978)
1,741,533
1,664,555

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

BALANCE SHEET

AS AT 31 AUGUST 2025

Notes
Fixed assets
Tangible assets
15
Investments
16
Current assets
Debtors
17
Cash at bank and in hand
Creditors: amounts falling due within
one year
18
Net current assets
Total assets less current liabilities
Capital funds
Endowment funds - general
20
Income funds
TMCP unrestricted fund
Unrestricted funds		 2025
£
£
438,975
52,072
491,047
43,537
1,120,690
1,164,227
(53,802)
1,110,425
1,601,472
52,072
523,761
1,025,639
1,601,472		 2024
£
£
438,975
51,976
490,951
62,469
1,166,223
1,228,692
(55,088)
1,173,604
1,664,555
51,975
603,014
1,009,566
1,664,555		 2024
£
£
438,975
51,976
490,951
62,469
1,166,223
1,228,692
(55,088)
1,173,604
1,664,555
51,975
603,014
1,009,566
1,664,555
490,951
1,173,604
1,664,555
51,975
603,014
1,009,566
1,664,555

The accounts were approved by the Trustees on 23 February 2026

David Ryan Treasurer

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

Charity information

Rotherham and Dearne Valley Methodist Circuit is a charity registered in England and Wales. The registered office is Central Methodist Church, Lodge Lane, Aston, Sheffield, S26 2BP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Deed of Union (1932) and Methodist Church Act (1976), the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised under the accruals basis. Specific expenditure on charitable activities is charged directly against the activity to which it relates as costs of raising funds or expenditure on charitable activities.

Support and governance costs are charged against the charitable activity they support the most.

Other expenditure represents those items not falling into any other heading.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings

Held at residual value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, but not concessionary loans, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Concessionary loans

Concessionary loans are initially measured at the amount received or paid and recognise them in the balance sheet. In subsequent years, the carrying amount of concessionary loans in the accounts shall be adjusted to reflect any accrued interest payable or receivable. To the extent that a loan that has been made is irrecoverable, an impairment loss shall be recognised in income and expenditure.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Legacies 2,198 -

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

3
Charitable activities
Church collections
4
Other trading activities
Letting and licensing arrangements
Other income relates solely to unrestricted funds.		 2025
£
211,523
2025
£
38,150		 2024
£
198,487
2024
£
30,535

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

5 Income from investments

Unrestricted TMCP Endowment Total Unrestricted TMCP Endowment Total
funds unrestricted funds funds unrestricted funds
funds general funds general
2025 2025 2025 2025 2024 2024 2024 2024
£ £ £ £ £ £ £ £
Interest receivable 21,667 25,300 1,097 48,064 25,914 33,076 1,457 60,447

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

6 Other income

Unrestricted
TMCP
Total
funds unrestricted
funds
2025
2025
2025
£
£
£
Church sales
-
-
-
Expenditure on charitable activities
Unrestricted
funds
TMCP
unrestricted
fund
Total
Unrestricted
funds
TMCP
unrestricted
fund
2025
2025
2025
2024
2024
£
£
£
£
£
Direct costs
Staff costs
188,701
-
188,701
172,743
-
Methodist Church Fund
64,732
-
64,732
60,591
-
Telephone & travel
12,915
-
12,915
12,913
-
Insurance & utilities
22,607
-
22,607
21,849
-
Maintenance on manses
13,067
-
13,067
4,690
-
Expenditure on other
properties
5,672
-
5,672
5,297
-
Donations
(6,317)
-
(6,317)
8,515
-
Other expenditure
9,982
-
9,982
18,053
-
311,359
-
311,359
304,651
-
Grant funding of activities
(see note 8)
4,714
4,117
8,831
17,485
26,000
Share of support and
governance costs
(see note 9)
Support
4,320
-
4,320
3,564
-
320,393
4,117
324,510
325,700
26,000
Analysis by fund
Unrestricted funds
320,393
-
320,393
325,700
-
Restricted funds
-
4,117
4,117
-
26,000
320,393
4,117
324,510
325,700
26,000		 Total
2024
£
22,360
Total
2024
£
172,743
60,591
12,913
21,849
4,690
5,297
8,515
18,053
304,651
43,485
3,564
351,700
325,700
26,000
351,700

7 Expenditure on charitable activities

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

8 Grants payable

During the year, two grants (2024 - four) were made as follows:

Unrestricted
funds
TMCP
unrestricted
fund
2025
2025
£
£
Grants to institutions:
Broom Church - Entrance
4,714
-
St John's - Roof
-
-
Broom Church - AV
System Upgrade
-
-
Broom Church - Roof
-
-
Wickersley car park
-
4,117
4,714
4,117		 Total
Unrestricted
funds
TMCP
unrestricted
fund
2025
2024
2024
£
£
£
4,714
7,485
-
-
-
18,000
-
-
8,000
-
10,000
-
4,117
-
-
8,831
17,485
26,000		 Total
2024
£
7,485
18,000
8,000
10,000
-
43,485

9 Support costs

Support
costs
Governance
costs
£
£
Administration
costs
4,320
-
4,320
-
Analysed between
Charitable
activities
4,320
-		 2025
£
4,320
4,320
4,320		 2024
Basis of allocation
£
3,564
Charitable activities
3,564
3,564

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

10 Trustees

During the year, 6 Trustees have been paid remuneration and had received other benefits from an employment with the Rotherham and Dearne Valley Circuit. The Trustees only received remuneration in respect of services they provide undertaking their roles under their contract of employment, and not in respect of their role as Trustees. The value of Trustees' remuneration and other benefits was as follows:

2025 2024
£ £
E Archer-Siddall Remuneration 32,400 30,336
Pension contributions paid 1,944 1,820
D Ryan Remuneration 14,004 13,116
Pension contributions paid 840 787
Rev A Fox Remuneration 34,417 32,320
Pension contributions paid 6,220 7,678
Rev L Makin Remuneration 31,307 29,399
Pension contributions paid 6,220 7,678
K Dunn Remuneration 6,672 6,240
Pension contributions paid - -
G Perkins Remuneration 13,464 12,612
Pension contributions paid 67 -

During the period, 6 (2024: 7) Trustees received reimbursement of expenses totalling £9,394 (2024: £5,951) relating to travel, stationery, resources to use in ministry and manse repairs.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

11 Employees

Number of employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
7
2025
£
157,756
14,484
16,461
188,701		 2024
Number
7
2024
£
142,569
10,818
19,356
172,743

There were no employees who received total employee benefits (excluding employer pension contributions) of more than £60,000.

12 Other expenditure

TMCP Endowment
unrestricted
funds
funds
Administration of restricted fund
1,960
169
For the year ended 31 August 2024
1,810
138		 Total
2025
£
2,129		 Total
2024
£
1,948
1,948

13 Gains and losses on investments

Endowment Endowment
funds funds
2025 2024
Gains/(losses) arising on: £ £
Revaluation of investments 96 3,732

14 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2025

15
Tangible fixed assets
Cost
At 1 September 2024
At 31 August 2025
Carrying amount
At 31 August 2025
At 31 August 2024
16
Fixed asset investments
Cost or valuation
At 1 September 2024
Valuation changes
At 31 August 2025
Carrying amount
At 31 August 2025
At 31 August 2024
17
Debtors
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
Amounts falling due after more than one year:
Other debtors
Total debtors		 Freehold land and
buildings
£
438,975
438,975
438,975
438,975
Ward bequest
£
51,976
96
52,072
52,072
51,976
2025
2024
£
£
11,320
25,963
7,377
7,002
18,697
32,965
2025
2024
£
£
24,840
29,504
43,537
62,469

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

17 Debtors

(Continued)

Other debtors due within one year disclosed above includes concessionary loans provided at 0% interest with an outstanding balance at the year end of £11,320 (2024 - £10,885).

Other debtors due after one year disclosed above includes concessionary loans provided at 0% interest with an outstanding balance at the year end of £24,840 (2024 - £29,504).

18 Creditors: amounts falling due within one year

Trade creditors
Accruals and deferred income
19
Retirement benefit schemes
Defined contribution schemes
Charge to profit or loss in respect of defined contribution schemes		 2025
£
898
52,904
53,802
2025
£
16,461		 2024
£
2,346
52,742
55,088
2024
£
19,356

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

20 Endowment funds

Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

At 1 Incoming Resources Transfers Gains and At 31 August
September resources expended losses 2025
2024
£ £ £ £ £ £
Permanent endowments
51,976 1,097 (169) (928) 96 52,072
Previous year: At 1 Incoming Resources Transfers Gains and At 31 August
September resources expended losses 2024
2023
£ £ £ £ £ £
Permanent endowments
48,244 1,457 (138) (1,320) 3,732 51,976

ROTHERHAM AND DEARNE VALLEY METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025

20 Endowment funds

(Continued)

The Ward Legacy is the only endowment trust fund and was set up to benefit a number of churches and circuits in the Sheffield District. Due to restrictions in the legacy only interest can be drawn from the fund each year.

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1
September
2024
Incoming
resources
Resources
expended
£
£
£
General funds
1,009,566
273,538
(320,393)
Previous year:
At 1
September
2023
Incoming
resources
Resources
expended
£
£
£
General funds
991,250
267,696
(325,700)
Analysis of net assets between funds
Unrestricted
fund
TMCP
unrestricted
fund
Endowment
funds
2025
2025
2025
£
£
£
Fund balances at 31 August 2025
are represented by:
Tangible assets
438,975
-
-
Investments
-
-
52,072
Current assets/(liabilities)
586,664
523,761
-
1,025,639
523,761
52,072		 Transfers At 31 August
2025
£
£
62,928
1,025,639
Transfers At 31 August
2024
£
£
76,320
1,009,566
Total
Total
2025
2024
£
£
438,975
438,975
52,072
51,976
1,110,425
1,173,604
1,601,472
1,664,555

22 Analysis of net assets between funds

23 Related party transactions

During the year there has been related party transactions between the Circuit and D Ryan who is a Trustee. The transactions total £2,000 and relate to bookkeeping work (2024: £2,000).

Rotherham and Dearne Valley Methodist Circuit 25/17

Please note the Auditor’s report is included in the

accounts document which is attached.

Anne Holmes Trustee