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2025-08-31-accounts

….. leading, facilitating and resourcing local churches in worship, discipleship, service and mission

Trinity Methodist Circuit (25/19) Sheffield District

Trustees’ Report and Financial Statements For the year ended 31[st] August 2025

Charity Registration Number: 1133071

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TRINITY METHODIST CIRCUIT TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Introduction

The Circuit Stewards present their report along with the financial statements of the Trinity Methodist Circuit for the year ended 31 August 2025. The financial statements have been prepared in accordance with the attached accounting policies.

1. Reference and Administrative Details

The Charity's annual report and accounts for the year ended 31 August 2025 have been prepared in accordance with the Charities Act 2011 and the Charities: Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRS) 102.

Trinity Methodist Circuit Registration Charity Number: 1133071 Date of registration 02/12/09

Main communication address The Crossing Church Newcastle Street Worksop S80 2AT

The members of the Trinity Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches. Full membership is shown as Appendix A to this report.

Circuit Ministers and officers

Active Circuit Ministers:

Rev’d J Coates Superintendent Rev’d M B Burton Supernumerary Presbyter (resigned 31.8.25) Rev’d M J Cantrill Anglican Presbyter / Authorised Methodist Presbyter Rev’d A Pothecary Deacon Emily Hoe-Crook Rev’d David Bean Anglican Deacon / Associate Methodist Deacon

Circuit Stewards:

Mr S Welchman Mrs H Bennett Mrs J Fuller

Associate member of the Leadership team

Rev’d Bob Heathcote

Operations Manager

Mr R Dearden

Facilities and Community Manager

Mrs C Biddle

Volunteer Coordinator

Mr J Hicks (resigned 31.3.25)

Community Pioneer Worker

Mr P Farmer (appointed 4.6.25)

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Administrator

Mr D Burton

Independent examiner: Mrs H Rotherham
Investment Bankers: Central Finance Board of the Methodist Church
Trustees for Methodist Church purposes
CAF Bank Ltd.

2. Structural Overview

Aims and organisation

The Charity objective is to act as a Resource provider within the area around Retford, Worksop & Kiveton 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 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

In fulfilling these purposes the Circuit promotes and supports:

The Circuit seeks to live out the calling of the Methodist Church, which is summarised this:

‘The Calling of the Methodist Church is to respond to the Gospel of God’s love in Christ and to live out its discipleship and:

Public Benefit

The Circuit provides support for the ministry team that ensures regular acts of worship take place at each of the Methodist Churches in the geographical area. Acts of worship are open to all people, without charge.

We confirm the Trustees have had regard to the Charity Commissions guidance on public benefit.

Structure, Governance and Managemen t

The governing document for the Circuit is the Deed of Union (1932) and Methodist Church Act (1976).

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Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD).

Day to day management of the circuit is undertaken by the Circuit Leadership team along with the Local Preachers meeting, the Circuit Finance and Property Committee and the Circuit Policy Committee.

Trustee Training

A range of guidance produced by Methodist Connexion to support the effective running of the circuit, specifically the leaflet 'The Role of a Trustee in The Methodist Church' is given to all new Circuit meeting members as induction to their role as trustees.

Related Parties

The Circuit is part of the Sheffield District and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit: Carlton, The Crossing, Dinnington, Grove Street, Hallcroft, Leverton, North Anston, South Anston, Wales, Wheatley and Whitwell (closed June 2024).

Risk Management

The major risks have been identified and recorded by the Circuit Leadership Team with professional advice taken as required. There is a regular annual review process undertaken and recorded. Income and Expenditure is being monitored in total and is compared with the approved annual budget on a half yearly basis to detect trends as part of the risk management process to avoid unforeseen calls on reserves.

Safeguarding

Every person has a value and dignity which comes directly from the creation of male and female in God's own image and likeness. Christians see this potential as fulfilled by God's recreation of us in Christ. Among other things this 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:

We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and 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 them an appropriate ministry of informed pastoral care.

We will seek to challenge any abuse of power, especially by anyone in a position 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

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child, young person or vulnerable adult. In all these principles we will follow legislation, guidance and recognised good practice.

The Trinity Methodist 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 Trinity Methodist Circuit commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

3. Trinity Circuit Mission Statement

Our Vision The vision of our Circuit is to be an inspiring and enabling agency in our Churches’ mission.

Our Mission The mission of our Circuit is to lead, facilitate and resource the lives of our Churches, within their communities, in their work of Christian worship, service and outreach.

The Circuit assists the Churches with practical governance issues to release members for mission, and ensures ministry is offered in collaborative, innovative and supportive ways.

Our vision is to be a network of churches growing in faith, serving our communities, and sharing the love of Christ. The Trinity Circuit's mission is to support flourishing hubs, new pioneering projects and smaller fellowships to respond to God's calling.

A model for mission moving forward …

Three strong flourishing hubs/centres of ministry and outreach:

New work, in partnership with other agencies, to pioneer a new church for new people:

Three places where we are looking at the way forward for small but strong fellowships of believers:

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Two places where we support village ministry in an ecumenical context (pastoral charge is currently covered by the Anglican Church):

This work requires …

A ministry team - ordained and lay - with varied gifts and skills for leadership, community outreach and pioneering development.

A support team with administrative and operational management roles. The ongoing aim is for this team to deliver a centralised approach to finance, admin, procurement, policy etc. freeing up the ministry team and the church members for mission.

Circuit Leadership Team made up of the above office holders and a team of Circuit Stewards from across the Circuit.

4. Annual Performance Review 2024-25

This year has included several changes within the Circuit staff team to support the forward strategy of the Circuit.

In August 2025 Rev’d Meg Burton left with our very best wishes and grateful thanks for her work at Carlton and South Anston. The restructure of the Circuit Minister team was successfully implemented to build on Meg’s work with Julie in post at South Anston and Angela at Carlton. Changes implemented earlier in the year saw Julie as the named minister at Wales Kiveton with Angela working alongside Emily at The Crossing

In March 2025 our part time Volunteer Coordinator (Joe Hicks) left us with our best wishes following the successful completion of the 12 month funded project he had undertaken at The Crossing and The Grove. Particular achievements included 19 new volunteers and the successful launch of a Toddler group at The Grove.

In June 2025 we were pleased to welcome Peter Farmer to the team as our Community Pioneer worker at Dinnington.

During the year the Circuit Invitation Committee facilitated conversations with Rev’d Angela Pothecary and Deacon Emily Hoe-Crook as they enter the final year of their appointments in 2025-2026. Having decided not to seek re-invitation Angela and Emily entered the stationing process in 2025.

Much progress has been made by churches across the circuit as they develop to meet the changing needs of their communities.

South Anston have continued to build on their programme of community activities with the launch of Messy Church along with film nights, music and poetry events and their weekly coffee morning. Much celebration took place in July with the churches 90th Anniversary which culminated in a special service led by Rev Dr Jonathan Hustler, Secretary of the Methodist Conference.

The Grove: the benefits of the revamped church space have been seen with much growth in users of the church space including Music concerts, School performances, Book Festival, Art Exhibition and Flower Festival. Additional property work was undertaken throughout the year with the creation of a ‘Timeline’ in the vestibule and development of the towers and stairwells with the ‘Showcase on the Staircase’ project. A further project is now in the planning phase to improve the external frontage, lighting and car park space.

Hallcroft continue to offer a range of community activities including a weekly coffee morning, joint fellowship with the Grove and soup lunch and film gatherings Lifeline Support Services opened a Community Day Centre meeting on the premises every Friday.

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The Church in Wheatley is continuing to develop its plans for the future in conjunction with the Diocese and Circuit. In the meantime they continue their monthly lunches in the community and their strong links with the local school.

Leverton have continued to hold their monthly Breakfast Church with further highlights throughout the year of a Street Nativity and an annual service at North Leverton Windmill. They have now launched monthly children’s activities on Sunday mornings with the title Sunday’s Cool. Their craft group is a beneficial source of mutual support for the members.

Wales Kiveton have continued to successfully develop their community activity and extend their ecumenical links in the village. Highlights include the regular Soup and Song events, local school concerts/performances and a special celebration of VE Day 80. Key roof repairs have also been undertaken with funding successfully obtained from local community partners.

North Anston have had a busy year of community events including a busy Christmas period including village carol singing, a family picnic and developed a successful partnership with the Dragonfly Cancer Trust. They continue their monthly visits to lead worship at Woodlands Care Home.

Carlton, alongside the regular weekly coffee morning and BB activity growth has been seen in local community activity including Film and Craft events, Pirate parties and special celebrations of VE Day 80. Ecumenical links have also progressed well with two local churches now using the Church premises.

The Crossing has seen growth in the use of the premises by a wide range of user groups. Key events have also taken place including Worksop Pride, Transport Exhibitions as well as a special focus at Easter. Plans are in development to celebrate the 20th Anniversary as a united Methodist URC Church in May 2026.

Dinnington - a year of transition with the Circuit now managing the building, the Fellowship continuing to meet and regular events such as the Lunch Club continuing to serve the local community. We were also delighted to secure funding for the role of a Community Pioneer worker and Peter joined us in June 2025 A Pioneer Project Management Group has been formed to oversee matters and after a period of research and discernment five fruitful activities have been identified as a focus:

Woodsetts - following the closure of the church in 2021 the sale of the church premises was completed in 26/2/25.

Circuit meetings, gatherings and conversations have continued throughout the year to support the implementation of the revised Circuit structure and to focus our future activities.

5. Moving Forward

As a part of reshaping the circuit and its focus we continue to consider the Connexion and District’s strategic priorities

In particular we continue to be helped by the District initiative ‘For such a time as this’ and the refreshed strategic priorities for 2025 to 2030 which are:

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Following the conclusion of the Circuit Invitation Committee’s work in 2025 we have been planning for the completion of Rev’d Angela and Deacon Emily’s appointments in 2026. In line with The Crossing’s Single Congregation Local Ecumenical Partnership Constitution, discussions have been held with our URC friends from the East Midlands Synod and matters are now progressing through the URC Calling process to seek a new Minister for September 2026. Additionally we are exploring with URC colleagues the possibilities of appointing a Children’s and Family Worker.

During 2026 we will be leading the Stationing Process for Rev’d Julie as she enters the final year of her current appointment in 2027.

A full review of our Manses will be undertaken in 2026 to reflect our future property requirements and this will include our obligations regarding the Connexion net zero 2030 aspiration.

During this last year a full review of the former chapel at Whitwell was completed and we are now working with Brown & Co to market the site ahead of a sale in 2026.

6. Financial Overview

Introduction

The Circuit provides for:-

There is a general Unrestricted Fund, a Model Trust Fund, which is available for buildings, new projects and general expenditure of the Circuit, and restricted Bequests Funds.

Interest received from the Bequest Funds is available for general use. Unlimited amounts may be drawn from the Circuit Model Trust Fund for general use upon application. The Circuit is governed by the Circuit Meeting which oversees the whole life of the Circuit. The Leadership Meeting which has authority to act on behalf of the Circuit Meeting to take forward the Circuit Policy and to consider and recommend to the Circuit Meeting areas of new policy.

Review of the year

We have 39 trustees.

The outstanding loan to Carlton remains at £40,000. A loan of £13,000 made to The Crossing in 2020 for essential works to their heating controls; this is being repaid by monthly instalments of £100, the amount outstanding at 31[st] August 2025 is £7,400.

A draw down of £120,000 was made from the Model Trust Fund to meet general expenditure in 2024/25.

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The Circuit continues to successfully fulfil its Mission Statement which is continually reviewed and will be updated as required.

Income trends

Circuit income is primarily drawn from the assessment paid by the Circuit Churches. With the ongoing impact of Covid-19 and financial insecurity experienced by a number of churches, there is a likelihood of reduced income from Assessments in future and this will need to be monitored carefully. The lettings income relates to the rental of 1 manse. Other income is generated from printing, recharged expenses and sundry items. The Circuit was fortunate to be awarded a £20,000 grant over three years to support the appointment of a Facilities and Community Manager, and £14,475 to support the appointment of a Volunteer Coordinator and associated project costs.

Expenditure trends

Stipend expenditure has increased each financial year in line with conference approved increases.

12% of expenditure is the Circuit contribution to the District and Connexion, of which a significant part is used to fund the work of the wider Methodist Church.

Fund balances

As at 31 August 2025 the net current assets of the Circuit were £587,713 giving approximately 22 months cover for expenditure.

Plans for 2025/26

Circuit financial plans for the coming year have been prepared on the basis that there will be 2 full time and 1 part time ordained members of staff with anticipated cost of living stipend increases. No increase is anticipated in the Assessment paid to the district.

Reserves Policy

It is the policy of the Circuit to maintain unrestricted funds at a level which is sufficient to cover twelve months running costs.

Investment policy

Surplus funds in the General Account are invested in the Methodist Church Central Finance Board. Bequests Fund, where the capital is used to generate income for general use, is similarly invested.

Circuit Stewards responsibilities in relation to the financial statements

The Circuit Stewards are responsible for preparing a circuit annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Circuit Stewards to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and statements for application of resources, of the

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charity for that period. In preparing the financial statements, the Circuit Stewards are required to:

The Circuit Stewards are responsible for keeping proper accounting records that 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 applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Circuit Stewards are responsible for the maintenance and integrity of the charity and financial information included on the charity's website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.

Approved by the Circuit Stewards on 9[th] March 2026 and signed on their behalf by:

………………………………………… - Superintendent Minister

………………………………….………

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Trinity Methodist Circuit

Circuit No 25/19

Statement of Financial Activities (SOFA) for the year ended 31 August 2025

Income Notes to
the
accounts
General Fund
(Unrestricted)		 Circuit Model
Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2024-25
£
£
£
£
£
£
1 Donations and legacies - - - - - 0
2 Income from monetaryinvestments 3,590 18,246 111 2,533 608 25,088
3 Income from investmentproperties 6,420 - - - - 6,420
4 Assessments on Churches 117,989 - - - - 117,989
5 Capital Receipts - - - - - 0
6 Grants received 15,451 - 12,000 - - 27,451
7 Other charitable income 97 - 19,766 - - 19,863
8Total income 143,547 18,246 31,878 2,533 608 196,811
Expenditure
9 Grants and donations 8 828 - - - - 828
10 Salaries and associated costs 9 206,891 - 6,887 - - 213,778
11 Propertymaintenance 5,541 - 1,688 - - 7,229
12 Connexional assessment & model trust levy - 34,199 - - - 34,199
13 District Assessment & Levy 39,574 18,203 - - - 57,777
14 Depreciation - - - - - 0
15 Office expenses 8,794 - 836 - - 9,631
16 Other outgoings 30,466 1,168 12,396 184 42 44,256
17Total charitable expenditure 292,095
53,571
21,807
184
42		 367,698
18 Gains/(losses)on monetaryinvestments - 38 - 163
-		 9
-		 -134
19 Gains/(losses)on investmentproperties 175,981 - - - - 175,981
20Net income/(expenditure) 27,433 -35,287 10,070 2,186 557 4,960
21 Transfers between funds 6,576 15,498 - 22,020
-		 55
-		 0
22 Othergains/(losses) 150,000 - - - - 150,000
23Net movement in funds 184,010 -19,788 10,070 -19,833 502 154,960
24 Total funds brought forward 1,803,235 407,977 - 56,560 12,959 2,280,731
25 Total funds carried forward 1,987,244
388,189
10,070
36,727
13,461		 2,435,691

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Trinity Methodist Circuit

Circuit No 25/19

Statement of Financial Activities (SOFA) for the year ended 31 August 2024

Income Notes to
the
accounts
General Fund
(Unrestricted)		 Circuit Model
Trust
(Unrestricted)		 Designated
Funds
(unrestricted)		 Restricted
Funds		 Endowment
Funds		 Total
2023-24
£
£
£
£
£
£
1 Donations and legacies - - - - - 0
2 Income from monetaryinvestments 3,702 10,438 - 2,984 660 17,785
3 Income from investmentproperties 9,335 - - - - 9,335
4 Assessments on Churches 130,309 - - - - 130,309
5 Capital Receipts - 150,025 - - - 150,025
6 Grants received 24,315 - - - - 24,315
7 Other charitable income 12,141 - - 4,571 - 16,712
8Total income 179,803 160,463 - 7,555 660 348,481
Expenditure
9 Grants and donations 970 - - - - 970
10 Salaries and associated costs 202,693 - - - - 202,693
11 Propertymaintenance 6,735 - - - - 6,735
12 Connexional assessment & model trust levy - 162,862 - - - 162,862
13 District Assessment & Levy 37,042 2,751 - - - 39,794
14 Depreciation - - - - - 0
15 Office expenses 9,608 - - - - 9,608
16 Other outgoings 28,657 299 - 146 35 29,137
17Total charitable expenditure 285,705 165,912 0 146 35 451,799
18 Gains/(losses)on monetaryinvestments - 1,468 - 334 27 1,830
19 Gains/(losses)on investmentproperties 345,862
-		 - - - - -345,862
20Net income/(expenditure) -451,765 -3,981 0 7,743 653 -447,350
21 Transfers between funds 254,691
-		 257,129 - 2,373
-		 65
-		 0
22 Othergains/(losses) 100,000 - - - - 100,000
23Net movement in funds -606,456 253,148 0 5,370 588 -347,350
24 Total funds brought forward 2,409,691 154,829 - 51,190 12,371 2,628,081
25 Total funds carried forward 1,803,235
407,977
-
56,560
12,959		 2,280,731

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Trinity Methodist Circuit

Circuit No 25/19

Balance Sheet as at 31 August 2025

Fixed Assets Notes to the
Accounts		 General Fund
(Unrestricted)
£		 Circuit Model
Trusts
(Unrestricted)
£		 Designated
Funds
(Unrestricted)
£		 Restricted
Funds
£		 Endowment
Funds
£		 Totals
2024/25
£		 Totals
2024/25
£		 Totals
2023/24
£
Circuit Manses & Equipment 14 1,408,927 1,408,927 1,246,897
Investmentproperties 15a 411,035 - - 411,035 392,582
Investments 15b - 20,487 - 7,012 517 28,016 28,150
Total fixed assets 1,819,962 20,487 0 7,012 517 1,847,978 1,667,629
Current Assets
Debtors 12,426 - - - - 12,426 22,487
Loans bythe Circuit 16 11,102 47,400 - - - 58,502 59,702
Investments with TMCP - 320,302 - 29,715 12,944 362,960 400,746
Central Finance Board Deposits 163,375 - 5,873 - - 169,247 148,795
Cash at Bank and in hand 5,308 - 5,232 - - 10,540 6,419
Total current assets 192,211 367,702 11,105 29,715 12,944 613,675 638,149
Current liabilities
Creditors (due in under 1 year) 24,928 - 1,034 - - 25,963 25,048
Grantspayable within oneyear - - - - - 0 0
Total current liabilities 24,928 0 1,034 0 0 25,963 25,048
Net current assets/liabilities 167,282 367,702 10,070 29,715 12,944 587,713 613,102
Total assets less current liabilities 1,987,244 388,189 10,070 36,727 13,461 2,435,691 2,280,731
Long term liabilities
(due after more than oneyear)
Grantspayable after oneyear - - - - - 0 0
Loans to the Circuit - - - - - 0 0
0 0
Net assets 1,987,244 388,189 10,070 36,727 13,461 2,435,691 2,280,731

Funds of the Circuit

Funds of the Circuit
General Fund(Unrestricted) 1,987,244 388,189
10,070
36,727
13,461		 1,987,244 1,803,235
Circuit Model Trust Fund (Unrestricted) 388,189 388,189 407,977
Designated Funds(Unrestricted) 10,070 10,070 0
Total Unrestricted Funds 2,385,503 2,211,212
Restricted Funds 36,727 36,727 56,560
Endowment Funds 13,461 13,461 12,959
Total Funds 1,987,244 388,189 10,070 36,727 13,461 2,435,691 2,280,731

Signed

Circuit Treasurer

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Trinity Methodist Circuit

Notes to the Accounts For the year ended 31 August 2025

1. Basis of accounting

The financial statements have been prepared under the Charities Act 2011 in accordance with the 2014 version of Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with FRS102 – the Charities SORP (FRS102) and taking note of the Update Bulletin 1 issued in 2016.

2. Funds

The funds held constitute:

3. Accounting policies

Basis

These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on the accruals basis to show a true and fair view of the Circuit’s financial position and activities.

Public benefit entity

The Trinity Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transactional value unless otherwise stated in the relevant accounting policy note.

Content

The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £ sterling, being the functional currency, rounded to the nearest pound.

Going concern

Based upon the resources available to them, at 31 August 2025, the trustees consider that the circuit is a going concern.

Income Recognition

Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Resources Expended

This is recognised when a liability is incurred, or a constructive obligation arises, that results 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 constructive obligation committing the Circuit to pay out resources.

Grants

Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

VAT

Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.

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Tangible fixed assets for use by the Circuit

Tangible fixed assets for use by the Circuit are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Equipment – 25% reducing balance basis.

Held within fixed assets are four properties purchased as manses by the Circuit. From 1[st] September 2024 three manses are occupied by ministers and one rented out on short term tenancy and included as Investment Properties. The trustees consider that having reviewed the market value of the properties held as manses that this is in excess of the original cost and therefore no depreciation is required to be provided.

Investment Properties

Investment properties are properties originally purchased as manses but where no minister is in occupation. The trustees have rented out these properties on short term tenancies generating rental income for the Circuit. These properties were included in the 2016/17 accounts at their estimated fair values based upon the website Zoopla.com valuations of similar properties and market trends. Since 2017/18 adjustments have been made to estimate their fair value based on insured value.

Investments

Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Debtors and Prepayments

Debtors includes the payment of the September stipend in August and loans to churches within the Circuit.

Creditors

Creditors include both sundry expenses and specifically the 1st quarter assessment received in August.

Pensions

The Circuit contributes to the Methodist Ministers Pension Scheme which is a defined benefit scheme. The scheme is a multi-employer pension scheme and it is not possible to identify the assets and liabilities of the scheme which are attributable to the Circuit. The scheme is accounted for as a defined contribution scheme.

The Circuit also contributes to private pension schemes or NEST for lay workers and administrative staff.

Contributions are recognised in the SOFA in the period in which they become payable in accordance with the rules of the scheme.

4. Income from Investment Properties

Properties purchased as manses which are not required to house a Minister are let on Shorthold Tenancy Agreements. The Net income for the year ending 31[st] August 2025 is £6,420.

5. Assessments on Churches

The amount of assessment paid by each Church is negotiated between the church and Circuit Leadership Team with the exception of LEP’s where their assessment is determined by formula according to their constitution.

6. Payment to Trustees


Number of Trustees who were paid expenses
Total amount		 2024/25
-
-		 2023/24
-
-

7. Fees for examination or audit of the accounts

Independent examiner’s or auditor’s fees for reporting on the accounts
Other fees (eg: advice, accountancy services) paid to the independent
examiner or auditor		 2024/25
£
0
0		 2023/24
£
0 0
0 0

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8. Grants

Grants made during the year were:
Computers for Ministry
£
Total grants
£		 2024/25
828
970		 2023/24
828 970
970 970

9. Paid employees

Staff Costs paid during the year were:
Gross wages, salaries and benefits in kind
£
Employer’s National Insurance costs
£
Pension costs
£
Apprenticeship levy
Total staff costs
£
Average number of full-time equivalent employees in the year:		 2024/25
175,466
16,111
21,251
950
213,778
6		 2023/24
164,179
12,982
24,645
887
202,693
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10. Office Expenses

Office Telephones
Manse Telephones and Internet
Printing
Office Rents
Stationery
Postage
Other Office Costs
Total Office Expenses		 2024/25
£
1,271
2,821
1,273
2,000
500
54
1,712
9,631		 2023/24
£
1,271 1,281
2,821 2,724
1,273 1,745
2,000 2,000
500 609
54 114
1,712 1,135
9,631 9,608

11. Other outgoings

Utilities & Insurance for Circuit properties
Travel costs
Quinquennial inspections
Accountancy & independent examination
Fund administration
Removals & Relocation costs
Resources for Ministry
Training
Miscellaneous
Total Other outgoings		 2024/25
£
23,647
6,244
780
-
1,393
-
-
300
11,892
44,256		 2023/24
£
23,647 16,457
6,244 7,382
780 0
- -
1,393 480
- -
- 794
300 750
11,892 3,274
44,256 29,137

12. Capital Commitments and Contingent Liabilities

At 31 August 2025 there are no capital commitments.

No contingent liabilities were identified at 31 August 2025.

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13. For information only Money received and passed on to External Organisations

Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
14. Tangible Fixed Assets
Cost or valuation		 Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
14. Tangible Fixed Assets
Cost or valuation		 Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
14. Tangible Fixed Assets
Cost or valuation		 Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
14. Tangible Fixed Assets
Cost or valuation		 Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
14. Tangible Fixed Assets
Cost or valuation		 Balance brought forward from last year
Offerings/Gifts - received for External Organisations
Offerings/Gifts - passed to External Organisations
Balance carried forward
14. Tangible Fixed Assets
Cost or valuation		 2024/25
£
0
0
0
0		 2024/25
£
0
0
0
0		 2023/24
£
0
565
565
0
Land
£		 Manses
£		 Other
buildings
£		 Fixtures,
fittings
and
equipment
£		 Payments
on account
and assets
under
construction
£		 Total
£
Balance B/F - 1,106,897 140,000 - - 1,246,897
Additions - - 150,000 - - 150,000
Revaluations (+/-) - 52,030 105,498 - - 157,528
Disposals (-) - - 145,498 - - 145,498
Transfers*(+/-) - - - - - -
Balance C/F - 1,158,927 250,000 - - 1,408,927

Accumulated depreciation

Balance B/F - - - - - -
Depreciation charge
for year (-)		 - - - - - -
Revaluations (+/-) - - - - - -
Disposals (-) - - - - - -
Transfers*(+/-) - - - - - -
Balance C/F - - - - - -
Net book value
Brought forward - 1,106,897 140,000 - - 1,246,897
Carried forward - 1,158,927 250,000 - - 1,408,927

The amount included in Freehold Property represents the cost of manses for use of the Circuit. Any surplus manses that are rented out on short tenancy agreements are transferred to Investment Properties. The manses have been revalued this year on the basis of insured value.

17

15. Investment assets

a. Investment Properties

Manses Total
£ £
Balance brought forward 392,582 392,582
Additions - -
Revaluations (+/-) 18,453 18,453
Disposals (-) - -
Transfers (+/-) - -
Balance carried forward 411,035 411,035

Manses held as investment properties have been revalued on the basis of insured value.

b. Other Investments

The funds that support the Circuit Model Trust Fund and Bequest Fund are held by TMCP in the Trustees Interest

Analysis of investments movements

This year Prev year
Investments listed on a recognised Stock Exchange - -
Investments held in common investment funds 28,016 28,150
Securities not listed on a recognised Stock Exchange - -
Other investments - -
Total 28,016 28,150
Change in investment values
Carrying (market) value at beginning of year 28,150 26,320
Add:additions to investments at cost - -
Less:disposals at carrying value - -
Net gain/(loss) on revaluation (134) 1,830
28,016 28,150

16. Loans

The Circuit does not have any loans.

The Circuit has made the loans to Carlton, and The Crossing to be repaid within an agreed length of time. The amounts outstanding as at 31 August 2025 were:

Carlton £40.000 The Crossing £18,502 Total £58,502

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17. Detailed analysis of individual fund movements

2024-25

Unrestricted Funds

Unrestricted Funds
Unrestricted Fund
Name		 Opening
Balance		 Incoming
Resources		 Resources
Expended		 Transfers
Gains/
Losses		 Closing
Balance		 Purpose of the
fund
General 1,803,235 143,547 (292,095) 6,576 325,981 1,987,244 General use
Dinnington NPNP - 31,878 (21,807) - - 10,070 Pioneer Project
Circuit Model Trust 407,977 18,246 (53,571) 15,498 38 388,189 General use
Totals 2,211,212 193,671 (367,473) 22,074 326,019 2,385,503

Restricted Funds

Restricted Funds
Restricted Fund
Name		 Opening
Balance		 Incoming
Resources		 Resources
Expended		 Transfers
Gains/
Losses		 Closing
Balance		 Purpose of the
fund
Ragsdale, Trust 16499 41,976 1,946 (136) (21,810) 0 21,976 Model Trust
Bequest
Anonymous gift, Trust
7544		 7,175 233 (23) (210) (163) 7,012 Available with
restrictions
Development Fund ex
Tuxford,Trust15648		 21 1 0 0 0 22 Available with
restrictions
Various Bequests ex
Whitwell,Trust16897		 4,610 220 (15) 0 0 4,815 Model Trust
Bequest
Sale of Laxton ex
Tuxford,Trust17028		 2,778 132 (9) 0 0 2,901 Local Model
Trust Capital
Totals 56,560 2,532 (183) (22,020) (163) 36,726
Endowment Name How the
capital
is
invested		 The current
value of the
capital		 Nett Annual
Income		 What the income is
used for
Fletcher,Trust1271 TMCP 887 33 Generaluse
Towne,Trust4388 TMCP 505 22 Generaluse
BriggsMemorial,Trust1190 TMCP 138 3 Reinvested
RHGoacher Bequest,Trust15939 TMCP 11,930 508 Reinvested
Totals 13,460 566

The reason for the transfers between funds were as follows: To meet general expenditure

19

Declarations and Scrutiny

I confirm that these accruals-based accounts for the year to 31 August 2025 have been prepared from the records of the Circuit and that they include all funds under the control of the Circuit meeting.

Signature of treasurer .………………………………………………………

19.06.2026

Date …………………………………………...…………..

Name and address of treasurer:

Mr Spencer Welchman 8 Rutland Road Retford DN22 7HF

Presentation to the Circuit Meeting

I confirm that the annual report and accounts for the year ended 31[st] August 2025 have been presented to the Circuit meeting held on 9[th] March 2026.

Signature of the Chair of the meeting ………………………………….…………………… Name of the Chair of the meeting Revd Julie Coates

04.06.2026

Date ……………………………………………….………

20

Independent Examiner’s Report to the Trustees of the

Trinity Methodist Circuit 25/19 Charity Number 1133071

Responsibilities and basis of report

I report to the trustees on my examination of the accounts of the Trinity Methodist Circuit for the year ended 31 August 2025 set out on pages 11 to 19. As the Circuit’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

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

Independent Examiner’s Statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give 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 accounts to be reached.

I have not obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.

Signature of independent examiner ………………………………………………………. Name of independent examiner Heather I Rotherham

Relevant professional qualification of independent examiner HNC Business Studies

Name of firm (where appropriate) N/A

Address

14 Waterthorpe Rise

Westfield Sheffield S20 8NA

22/06/2026

Date

…………….…………………………………………

21

TRINITY METHODIST CIRCUIT

Appendix A

Trustees of Trinity Methodist Circuit

Mr KM Abel
Mrs T Abel
Mrs S Baggaley resigned 09/03/26
Mr M Bagshaw
Mr GR Bennett
Mrs H Bennett
Mrs H Blezard appointed 01/9/25
Mrs S Boyles
Mrs K Bradley
Mr D Burton
Rev MB Burton
Rev M Cantrill
Mrs G Cawthorne appointed 09/03/26
Rev JI Coates
Rev FM Ferriter
Mrs J Fuller
Mrs A Hall
Rev R Heathcote
Mrs V Hinchliffe
Rev A Hindmarch
Mrs H Hindmarch
Mrs JM Hodgson
Dea E Hoe-Crook
Mr D Holmes
Mr J Horsfield
Mr JL Jenkin
Mrs Y Jones
Mr P Joynes
Mr AE Laurie resigned 31/08/25
Rev P Macdonald
Mrs M Merrills
Mrs S Osborn
Rev A Pothecary
Mr J Pratt appointed 01/09/25
Mrs NJ Rowson
Mrs J Smith
Mrs JM Sykes
Mr C Walker
Mrs SJ Walker
Mr WS Welchman
Mrs A Westerby

22