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← East Staffordshire and South Derbyshire Methodist Circuit

2025-08-31-accounts

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

Charity number: 1133721

East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report and Financial Statements

For the Year Ended 31 August 2025

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Contents

Page
Reference and Administrative Details of the Circuit, its Trustees and Advisers 1 - 2
Trustees' Report 3 - 10
Independent Auditor's Report on the Financial Statements 11 - 14
Statement of Financial Activities 15
Balance Sheet 16
Statement of Cash Flows 17
Notes to the Financial Statements 18 - 38

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Reference and Administrative Details of the Circuit, its Trustees and Advisers For the Year Ended 31 August 2025

Trustees Rev Rachel Wood,Superintendent
Rev Manoa Ratubalavu,Minister
Rev Mike Redshaw,Minister(resigned 31/08/2025)
Rev Rachel Moss,Minister
Rev Dr Stella Mills,SupernumeraryMinister
Rev David Palmer,SupernumeraryMinister(until 30/11/2025)
Rev David Bonny,SupernumeraryMinister(from 01/09/2025)
Andrew Wooding,Finance Steward
Denise Hancock,Circuit Steward,Synod Rep
Andrew Hawkins,Circuit Steward
Teresa Hawkins,Circuit MeetingSecretary
Julie Green,Circuit Missions Methodist Women in Britain(resigned 01/03/2025)
Sue Palmer, Circuit Missions Methodist Women in Britain and World Church (resigned
09/07/2025)
Sue Nickson,Synod rep
Su Cumpstone,SafeguardingTeam(appointed 31/12/2025)
Fiona Panter,Barton Rep
David Moore,Barton Treasurer
Ian Gilbey,Barton Rep
Oliver Ball,Boylestone Steward(resigned 27/10/2024)
Andrew Wood, Boylestone Treasurer (resigned 27/10/2024), Draycott Steward
(appointed 01/01/2025)
TerryChandler,Church GresleySteward
Joyce Chilver,Church GresleyTreasurer
KayHolman,Church GresleyRep
Steve Ryan,Draycott Steward(resigned 01/01/2025)
Lynn Wragg,Draycott Treasurer
Celia Ryan,Draycott Rep (resigned 01/01/2025)
Vic Appleby,Etwall Steward
Herman Bonardt,Etwall Treasurer
WendySmith,Etwall Rep
Brian Hill,Hilton Steward
Karen Evans,Hilton Treasurer
Liz Holmes,Hilton Rep (resigned 01/11/2025)
Chris Shaw,Hilton Rep (appointed 01/11/2025)
Graham Meers,Hilton Rep (appointed 27/01/2026)
RosemaryHancock,Action for Children Repand,Newhall Rep
Susan Williams,Newhall Treasurer
Karl Harper,Overseal Joint Treasurer(appointed 01/09/2025)
June Hart,Overseal Joint Treasurer(appointed 01/09/2025)
Dilys Harper,Overseal Rep
Liz Merrick,St Thomas's Treasurer
John Jones,St Thomas's Rep
Sue McLoughlin,St Thomas's Rep

Page 1

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Reference and Administrative Details of the Circuit, its Trustees and Advisers (continued) For the Year Ended 31 August 2025

Wendy Knight, Short Street Steward (resigned 20/03/2025) Ruth Harrington, Short Street Steward (appointed 20/03/2025) Rev Sue Rolls, Supernumerary Minister, Short Street Treasurer Teresa Tilley, Stanton Steward Julie Hackett, Stanton Rep Shirley Toon, Stretton Treasurer Jennifer Illsley, Ticknall Steward (resigned 10/02/2026) Helen Baylis, Ticknall Steward (appointed 10/02/2026) Kay Stretton, Ticknall Treasurer Kathy Bates, Ticknall Rep Rita Walton, Trinity Linton Heath Steward Betty Naylor, Trinity Linton Heath Treasurer Christine Sutton, Trinity Linton Heath Reserve James Twynham, Uttoxeter Steward Roger Rooke, Uttoxeter Treasurer Sue Cattermole, Uttoxeter Rep Peter Marriott (appointed 30/12/2025) Adrian Cox (appointed 30/12/2025)

Charity registered number 1133721 Principal office Unit 6 The Delph Centre Swadlincote Derbyshire DE11 9DA Independent auditor Dains Audit Limited 2 Chamberlain Square Birmingham B3 3AX

Page 2

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East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report

For the Year Ended 31 August 2025

The Trustees present their annual report together with the audited financial statements of the Circuit for the year ended 31 August 2025.

Welcome from the Superintendent

Welcome to the Trustees' Annual Report for the East Staffordshire and South Derbyshire Methodist Circuit.

Superintendent Minister of the East Staffordshire and South Derbyshire Methodist Circuit.

Introduction

There are 15 Churches within the ESSD Circuit across the counties of Derbyshire and Staffordshire, covering the towns of Uttoxeter, Burton upon Trent and Swadlincote (and surrounding villages). ‘The Stream’ digital Church has also continued to develop.

The Circuit Leadership Team, with support of the Circuit Meeting, continue to encourage local churches to realistically reflect on their future and are engaging in a process to consider governance across the circuit.

Objectives and activities

In setting our objectives and planning our activities the Circuit Trustees meet at least twice a year. These meetings plan and agree the activities of the Circuit and ensure it complies with Charity Commission guidance. The Circuit trustees have given authorisation to the Circuit Leadership Team to act on their behalf throughout the year.

The Circuit is governed by the Methodist Church Act 1976, the Deed of Union and the Model Trust Deeds of 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:

We do this in varius ways including:

Page 3

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East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report (continued) For the Year Ended 31 August 2025

Objectives and activities (continued)

We are seeking to be a visionary Circuit glorifying God, sharing the mission and ministry of Jesus. This Circuit is called into being by the grace of God, led by Jesus Christ and is given the gifts for its work by and through the renewing power of the Holy Spirit to facilitate mission through worship, witness and service of the congregations and Circuit along with ecumenical co-operation and community engagement encouraging shared ministry with all parts of the Christian family.

Achievements and performance

a. Review of the year

The summer of 2025 has seen yet another change of staffing, meaning we now have 3 fulltime ministers (Presbyters). Laura Sharkey was employed as the circuit administrator on the 1st October, and our Lay pastor Graham Mizon left on the 31st August 2025.

All churches, apart from one (which meets twice a month) meet weekly on a Sunday. All churches have week day activities (either on a monthly or weekly basis) to support church members and reach out into the community, such as coffee mornings, lunches, baby and toddler groups, Messy Churches etc. The work of the Uttoxeter school’s worker continues. He is employed by the Circuit although is supported financially and practically by the Anglican churches, Renew and the United Reformed Church in Uttoxeter. The multipurpose drop-in centre “Oasis” in Swadlincote remains open and also hosts the Circuit Office.

b. Plans for future years

The Circuit Leadership Team will continue to work with local churches as they reflect on The Way Forward documents and specifically options to shape the Circuit and local churches in terms of governance, mission and ministry.

c. Property

For the Connexional Year 2024 – 2025 the Circuit are the Managing Trustees for a total of 6 Manses. These are sited at Ashby Road, Burton, Elwyn Close, Stretton, Heathlands Drive, Uttoxeter, Tennyson Avenue, Midway, Lincote Way, Woodville. These Manses are all occupied by Presbyters. The 6th Manse is Wye Dale, Church Gresley. Following the approval of the Circuit Meeting to offer this property for sale it was duly marketed at the end of May 2025. An offer was accepted and completion of the sale is expected to be in September 2025, this being in the next financial year. Elwyn Close will be vacant from July following Helen Harrell’s move to her new appointment.

The Circuit also has an operating lease with South Derbyshire District Council for Oasis (Offering a Sanctuary in Swadlincote) on The Delph where weekly activities are carried out. This is a three year lease expiring in December 2026.

The Circuit are also Managing Trustees for the following Investment Properties: The Well (formerly Rowland Memorial Methodist Church), Woodville Methodist Church, Blackfordby Methodist Church, Woodmill (St Pauls) Methodist Church and Acresford Methodist Church. During the year the Circuit has also taken over the responsibility of Boylestone Methodist Church following its closure for worship. It is likely that the Circuit Meeting will be asked to approve the sale of this property once we have the authorisation from Methodist Heritage as this is one of their named sites.

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East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report (continued) For the Year Ended 31 August 2025

Achievements and performance (continued)

Hatton Methodist Church was also offered for sale but did not reach its reserve value at auction and was therefore not sold. The property has been re marketed and it was hoped a sale would be completed in the 2024 – 2025 Connexional Year. Despite offers being made on the property nothing has yet materialised in the form of a definitive sale.

Acresford Methodist Church is another site covered by Methodist Heritage and dialogue with them is ongoing. It is hoped to be able to sell this property in the future.

During the year Quinquennial Inspections have been carried out and the recommendations will be analysed and acted upon accordingly within the appropriate timelines.

Overall properties remain in a good state of repair. Appropriate figures are included in the Circuit Budget for repairs and maintenance on all properties

Basis of preparation and legal framework

The Charity's Annual Report and Accounts have been prepared under the Charities Act 2011 and the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 2019)—the Charities SORP (FRS 102).

The members of the East Staffordshire and South Derbyshire 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 under Objectives & Activities on page 2 of this Report.

Financial review

During the year, the Circuit has accounted for total income of £447,464 (2024: £486,986) and expenditure of £525,372 (2024: £602,837). Contained within the income figure is notional income of £125,000 which was received when Boylestone church, which closed to worship, became the management responsibility of the Circuit. This is now shown on the balance sheet as an investment property. Excluding this notional income and depreciation, the underlying, recurrent operating deficit of c£184,000 was significantly better than that planned of £342,000.

A large portion on the reduced deficit was because one of our Ministers was unable to work during the year. This resulted in the Circuit saving on the salary cost (the Minister was paid direct from the Methodist Church) and manse expenses.

The underlying deficit is due to an expected shortfall in shares due to church closures and the continuing inability of active churches to raise sufficient funds to cover all Circuit operational expenses.

The Circuit continues to actively manage its manses and investment properties to minimise cost and provide a good standard of accommodation for Ministers. Investment properties are planned to be sold at the earliest opportunity.

The Circuit considers itself to be a going concern. This is based on the levels of income (capital receipts from sale of investment properties and share payments from Churches) expected for the financial year 2025/26. Although the Circuit anticipates a continuation of church closures, it is confident it has sufficient reserves to meet any shortfall in income.

Page 5

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report (continued)

For the Year Ended 31 August 2025

The Circuit continues to work towards a position where operational expenses are fully covered by operational income without the reliance on property sales. To this end the Circuit has reduced the number of Presbyters stationed in the Circuit from 5.5 F.T.E. (Full Time Equivalents) at September 2020 to 3.0 F.T.E from 1 September 2025. Further action will be necessary by all churches working together to ensure long term financial stability.

There are no subsidiary undertakings.

The Circuit's main source of income continues to be shares received from the Churches within the Circuit, which in 2025 accounted for 53% of its operational income (2024: 33%).

Circuit income is used, in the main, to fund the stipends and associated costs of Ministers (3.0 full time equivalents during the year) and salaries and associated costs of lay staff (2.50 full time equivalents). In 2025 this accounted for 47% of total expenditure (2024: 45%). The balance of expenditure, in the main, is used to support the wider Methodist Church 19% (2024: 17%) and the running of the property within the Circuit, 22% (2024: 16%).

a. Investments

To comply with Methodist Standing Orders, monies for long term investment are lodged with the Trustees for Methodist Church Purposes (TMCP). TMCP acts as custodian trustee for all real estate held by Circuits and for all large (over £20,000) bequests. These sums are invested in unitised investments or held on deposit.

Short term deposits are lodged with the Central Finance Board (CFB) where they attract interest.

b. Reserves policy

At the end of the year (31 August 2025) the Circuit held the following reserves;

£
Unrestricted Circuit Model Trust Fund 105,679
General 2,939,507
Sub-total unresricted 3,045,186
Restricted See below 33,348
Total Reserves 3,078,534

Restricted funds are held and used for the purposes for which they are given. It is the policy of the Circuit to use such funds for the purposes intended as soon as is practically possible. The balance held for restricted funds is allocated as follows;

£
Fairer Choice 4,699
Stocks 905
Oasis 8,587
Woodville Burial Ground 528
Hunt's Charity 5,501
Benevolent Fund 90
Hanbury Burial Ground 2,135
Uttoxeter Youth & Schools Worker 10,904
Total 33,348

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Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report (continued)

For the Year Ended 31 August 2025

It is not the policy to hold significant reserves. However, sufficient reserves are held to continue funding those items of expenditure agreed by the Circuit and which cannot be funded from income.

The Circuit will, in the light of known and developing plans, continue to review the reserves held to ensure they are used in the best interest of the Circuit.

c. Financial risk management objectives and policies

As last year, the major risk to the Circuit and its churches remains one of an ageing congregation, reducing membership leading to reduced income, coupled with rising costs and increased property expenditure. Whilst some of our churches are growing in membership, others are shrinking, meaning that some difficult decisions will need to be made about the future of their buildings and explore different ways / spaces to worship. There is also a risk between balancing the needs of the Circuit (and local churches) along with the financial situation, which currently is reliant on sale of redundant church buildings.

Structure, governance and management

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

a. 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 made available to all new Circuit meeting members as an induction to their role as trustees.

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Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report (continued) For the Year Ended 31 August 2025

Structure, governance and management (continued)

b. Related party relationships

The Circuit is part of the Nottingham and Derby District and is also accountable to the Methodist Conference. The Circuit is composed of the following Methodist Churches:

Barton under Needwood Methodist Church Boylestone Methodist Church (Closed Oct 24) Church Gresley Methodist Church Draycott in the Clay Methodist Church Etwall Methodist Church Hilton Methodist Church Newhall Methodist Church Overseal C of E/Methodist Church Short Street Methodist Church Stanton Methodist Church Stretton Methodist Church St Thomas's Methodist Church Ticknall Methodist Church Trinity (Linton) Methodist Church Uttoxeter Methodist Church The Well

Although not formally recognised as a Methodist Church, worship also takes place online at The Stream.

c. Risk management

As last year, the major risk to the Circuit and its churches remains one of an ageing congregation, reducing membership leading to reduced income, coupled with rising costs and increased property expenditure. Whilst some of our churches are growing in membership, others are shrinking, meaning that some difficult decisions will need to be made about the future of their buildings and explore different ways / spaces to worship. There is also a risk between balancing the needs of the Circuit (and local churches) along with the financial situation, which currently is reliant on sale of redundant church buildings.

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Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report (continued)

For the Year Ended 31 August 2025

Safeguarding

Statement of Safeguarding Principles

It is the Methodist Church’s intention to value every human being as part of God’s creation and the whole people of God. At the heart of the Methodist community is a deep sense of the place of welcome, hospitality and openness, which demonstrates the nature of God’s grace and love for all. Our church communities are called to be places where the transformational love of God is embodied and life in all its fullness is a gift, which is offered to all people.

Principles

Safeguarding is about the action the Church takes to promote a safer culture. This means we will:

We are committed to:

We will:

In all these principles, we will follow legislation, guidance and recognised good practice.

Summary

It remains to be a challenging time within the circuit, however there are signs of hope and things to give thanks for. The circuit contribute to the work of a schools worker in Uttoxeter who works in many schools across Uttoxeter and beyond. Other school work has developed in many places across the circuit including assemblies, open the book, Education Sunday services where schools take an active part in the service. Ministry among the Guiding groups of Swadlincote continue – most recently a Christmas carol service for over 100 girls was held. Over the last few months, we have tried new things, including an open space in an empty church building (which is used as our base for online services and meetings) as well as a craft day and film night. We continue to explore how that building can be used for mission and ministry, and we continue to encourage people across the circuit to engage with the Methodist Way of Life.

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East Staffordshire and South Derbyshire Methodist Circuit

Trustees' Report (continued)

For the Year Ended 31 August 2025

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the 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 & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Circuit and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Circuit's transactions and disclose with reasonable accuracy at any time the financial position of the Circuit and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Circuit and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information to auditor

Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:

Auditor

The auditor, Dains Audit Limited, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

_________ F3BBED39E56C423...

Rev. Rachel Wood

Superintendent

Date: 27-Apr-26 | 10:05 AM BST

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East Staffordshire and South Derbyshire Methodist Circuit

Independent Auditor's Report to the Members of East Staffordshire and South Derbyshire Methodist Circuit

Opinion

We have audited the financial statements of East Staffordshire and South Derbyshire Methodist Circuit (the 'charity') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

The financial statements have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards 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 been withdrawn.

This has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

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East Staffordshire and South Derbyshire Methodist Circuit

Independent Auditor's Report to the Members of East Staffordshire and South Derbyshire Methodist Circuit (continued)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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East Staffordshire and South Derbyshire Methodist Circuit

Independent Auditor's Report to the Members of East Staffordshire and South Derbyshire Methodist Circuit (continued)

Auditor's responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

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East Staffordshire and South Derbyshire Methodist Circuit

Independent Auditor's Report to the Members of East Staffordshire and South Derbyshire Methodist Circuit (continued)

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Dains Audit Limited

Statutory Auditor Chartered Accountants

Birmingham

Date: 27-Apr-26 | 10:05 AM BST

Dains Audit Limited are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Statement of financial activities

For the Year Ended 31 August 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Investments
5
Other income
6
Total income
Expenditure on:
Charitable activities
8
Total expenditure
Net (expenditure)/income before net
gains/(losses) on investments
Net gains/(losses) on investments
Net (expenditure)/income
Transfers between funds
19
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
4,170
166,517
46,308
159,225
376,220
463,875
463,875
(87,655)
40
(87,615)
(5,145)
(92,760)
3,137,946
(92,760)
3,045,186		 Restricted
funds
2025
£
63,076
3,855
117
4,196
71,244
61,497
61,497
9,747
-
9,747
5,145
14,892
18,456
14,892
33,348		 Total
funds
2025
£
67,246
170,372
46,425
163,421
447,464
525,372
525,372
(77,908)
40
(77,868)
-
(77,868)
3,156,402
(77,868)
3,078,534		 Total
funds
2024
£
20,715
192,271
56,877
217,123
486,986
602,837
602,837
(115,851)
(24,855)
(140,706)
-
(140,706)
3,297,108
(140,706)
3,156,402

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 18 to 38 form part of these financial statements.

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Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit Registered number:

Balance Sheet

As at 31 August 2025

2025 2024
Note £ £
Fixed assets
Tangible assets 13 1,183,400 1,202,636
Investment property 14 1,525,000 1,400,000
2,708,400 2,602,636
Current assets
Stocks 15 905 1,256
Debtors 16 20,600 18,590
Investments 17 108,272 106,746
Cash at bank and in hand 259,545 443,866
389,322 570,458
Current liabilities
Creditors: amounts falling due within one year 18 (19,188) (16,692)
Net current assets 370,134 553,766
Total net assets 3,078,534 3,156,402
Charity funds
Restricted funds 19 33,348 18,456
Unrestricted funds 19 3,045,186 3,137,946
Total funds 3,078,534 3,156,402

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

AAD1B80D29F A474...

Andrew Wooding

Treasurer

Date: 27-Apr-26 | 10:05 AM BST

The notes on pages 18 to 38 form part of these financial statements.

Page 16

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Statement of Cash Flows

For the Year Ended 31 August 2025

Cash flows from operating activities
Net cash used in operating activities
Cash flows from financing activities
Interest received
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
(219,220)
36,425
36,425
(182,795)
550,612
367,817		 2024
£
(56,786)
56,877
56,877
91
550,521
550,612

The notes on pages 18 to 38 form part of these financial statements

Page 17

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

1. General information

East Staffordshire and South Derbyshire Methodist Circuit is a charity registered with the charity commission in England and Wales. The address of the registered office is Unit 6, The Delph Centre, Swadlincote, Derbyshire, DE11 9DA. The Circuit is governed by the Methodist Church Act 1976, the Deed of Union 1932 and the Model Trust Deeds of the Methodist Church. Further information regarding the Circuit's principal activities are set out in the Trustees' report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The financial statements have been prepared to give a 'true and fair' view and 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 Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

East Staffordshire and South Derbyshire Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Circuit has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Page 18

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

2. Accounting policies (continued)

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Circuit's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.4 Investment property

From time to time the Circuit may hold property (formerly manses and/or chapels) which is surplus to requirements. Where this is the case and it is anticipated that the property is unlikely to be used again for its prime purpose (residential property or place of worship), the property is classified as Investment Property (whether let or not) and any lets are at market rates unless there is a compelling reason not to do so in furtherance of the Circuit's charitable objectives.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Property that is used as originally intended, i.e. for the continuation of ordinary Circuit business, is shown in the accounts at deemed cost, being the valuation on transition to FRS102 or at cost on date of purchase. Deemed cost and cost are split between land and buildings.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. Trustees consider the current residual value of the manse buildings to be the same as their deemed cost or actual cost.

Depreciation is provided on the following bases:

Circuit manses - 2% straight line Freehold land - not depreciated

Page 19

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

2. Accounting policies (continued)

2.6 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Circuit anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.11 Financial instruments

The Circuit only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Page 20

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

2. Accounting policies (continued)

2.12 Pensions

All Methodist Ministers in the Circuit are members of the Methodist Ministers' Pension Scheme, which is a defined benefit scheme. The Circuit is unable to identify its share of the underlying assets and liabilities of the scheme and therefore contributions are accounted for as if it were a defined contribution scheme. Contributions are therefore charged in the accounts as they become payable in accordance with the rules of the scheme.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Circuit and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Circuit for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Income from donations and legacies

Unrestricted Restricted Total
funds funds funds
2025 2025 2025
£ £ £
Donations
Uttoxeter Churches for UY&SW - 27,575 27,575
The Stream Donations 4,170 - 4,170
Donations - 35,501 35,501

Page 21

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

3. Income from donations and legacies (continued)

Donations
Uttoxeter Churches for UY&SW
Connexional Funds
Gift Aid		 Unrestricted
funds
2024
£
-
-
975
975		 Restricted
funds
2024
£
19,390
350
-
19,740		 Total
funds
2024
£
19,390
350
975
20,715

4. Income from charitable activities

Assessments on Churches
Grants received
Assessments on Churches
Grants received		 Unrestricted
funds
2025
£
162,507
4,010
166,517
Unrestricted
funds
2024
£
162,598
5,885
168,483		 Restricted
funds
2025
£
-
3,855
3,855
Restricted
funds
2024
£
-
23,788
23,788		 Total
funds
2025
£
162,507
7,865
170,372
Total
funds
2024
£
162,598
29,673
192,271

Page 22

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

Grants received

District Advance Fund Grant for Uttoxeter Youth and Schools
Worker
District Advance Fund Grant for Lay Pastor
District Advance Fund Grant for Uttoxeter Youth and Schools
Worker
World Church Grant for Fijian Minister
Hunt's Charity Grant towards Diaconal Post		 Unrestricted
funds
2025
£
-
4,010
4,010
Unrestricted
funds
2024
£
-
-
5,885
5,885		 Restricted
funds
2025
£
3,855
-
3,855
Restricted
funds
2024
£
3,788
20,000
-
23,788		 Total
funds
2025
£
3,855
4,010
7,865
Total
funds
2024
£
3,788
20,000
5,885
29,673

5. Investment income

Rental income
Interest received		 Unrestricted
funds
2025
£
17,783
28,525
46,308		 Restricted
funds
2025
£
-
117
117		 Total
funds
2025
£
17,783
28,642
46,425

Page 23

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

5. Investment income (continued)

Rental income
Interest received
Other incoming resources
Other income
New investment properties
Other income
New investment properties
Gains on sale of investment properties		 Unrestricted
funds
2024
£
20,874
35,915
56,789
Unrestricted
funds
2025
£
34,225
125,000
159,225
Unrestricted
funds
2024
£
12,022
175,000
25,000
212,022		 Restricted
funds
2024
£
-
88
88
Restricted
funds
2025
£
4,196
-
4,196
Restricted
funds
2024
£
5,101
-
-
5,101		 Total
funds
2024
£
20,874
36,003
56,877
Total
funds
2025
£
38,421
125,000
163,421
Total
funds
2024
£
17,123
175,000
25,000
217,123

6. Other incoming resources

Page 24

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

7. Analysis of grants

Grants and donations
Grants and donations		 Grants to
Institutions
2025
£
389
Grants to
Institutions
2024
£
1,649		 Total
funds
2025
£
389
Total
funds
2024
£
1,649

8. Analysis of expenditure on charitable activities

Summary by fund type

Grants and donations
Property
District assessment and levy
Office and administration
Other outgoings
Depreciation
Stipends, salaries and associated costs		 Unrestricted
funds
2025
£
-
115,272
101,778
19,359
15,600
19,236
192,630
463,875		 Restricted
funds
2025
£
389
-
-
9
4,831
-
56,268
61,497		 Total
2025
£
389
115,272
101,778
19,368
20,431
19,236
248,898
525,372

Page 25

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

8. Analysis of expenditure on charitable activities (continued)

Summary by fund type (continued)

Grants and donations
Property
District assessment and levy
Office and administration
Other outgoings
Depreciation
Stipends, salaries and associated costs		 Unrestricted
funds
2024
£
-
95,495
104,185
22,453
84,653
19,932
218,892
545,610		 Restricted
funds
2024
£
1,649
1,238
-
6
4,041
-
50,293
57,227		 Total
2024
£
1,649
96,733
104,185
22,459
88,694
19,932
269,185
602,837

9. Analysis of expenditure by activities

Grants and donations
Property
District assessment and levy
Office and administration
Other outgoings
Depreciation
Stipends, salaries and associated costs		 Activities
undertaken
directly
2025
£
-
-
101,778
-
-
-
-
101,778		 Grant
funding of
activities
2025
£
389
-
-
-
-
-
-
389		 Support
costs
2025
£
-
115,272
-
19,368
20,431
19,236
248,898
423,205		 Total
funds
2025
£
389
115,272
101,778
19,368
20,431
19,236
248,898
525,372

Page 26

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

9. Analysis of expenditure by activities (continued)

Grants and donations
Property
District assessment and levy
Office and administration
Other outgoings
Depreciation
Stipends, salaries and associated costs		 Activities
undertaken
directly
2024
£
-
-
104,185
-
-
-
-
104,185		 Grant funding
of activities
2024
£
1,649
-
-
-
-
-
-
1,649		 Support
costs
2024
£
-
96,733
-
22,459
88,694
19,932
269,185
497,003		 Total
funds
2024
£
1,649
96,733
104,185
22,459
88,694
19,932
269,185
602,837

10. Auditor's remuneration

2025 2024
£ £
Fees payable to the Circuit's auditor for the audit of the Circuit's annual accounts 10,900 10,125
Fees payable to the Circuit's auditor in respect of:
Non audit fees 2,000 1,850

Page 27

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
202,331
18,325
28,242
248,898		 2024
£
209,649
17,985
41,551
269,185

The average number of persons employed by the Circuit during the year was as follows:

Ministers
Administration & mission		 2025
No.
4
3
7		 2024
No.
6
4
10

No employee received remuneration amounting to more than £60,000 in either year.

Page 28

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

12. Trustees' remuneration and expenses

The Superintendent of the Circuit, the other Ministers and the remaining members of the Circuit Leadership Team are considered as key management personnel. The Superintendent chairs meetings of the Circuit Leadership Team and Circuit Meetings. The members of the Circuit Meeting are the Trustees of the Circuit.

The stipends, employer's NIC and employer's pension contributions and other epxenses of the Ministers of the Circuit are paid by the Circuit.

During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment with the Circuit. The value of Trustees' remuneration and other benefits was as follows:

2025 2024
£ £
Rev'd Helen Harrell Remuneration - 26,814
Pension contributions paid - 7,161
Rev'd Rachel Wood Remuneration 34,417 32,562
Pension contributions paid 6,220 7,678
Rev'd Mike Redshaw Remuneration 28,642 29,399
Pension contributions paid 5,687 7,678
Rev'd Manoa Ratubalavu Remuneration 31,227 29,399
Pension contributions paid 6,220 7,678
Rev'd Rachel Moss Remuneration 31,485 29,399
Pension contributions paid 6,220 7,678

During the year ended 31 August 2025, one Trustee has received expenses in relation to their work as a Trustee totalling £832 (2024 - £842).

Page 29

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

13.
Tangible fixed assets
Cost or valuation
At 1 September 2024
At 31 August 2025
Depreciation
At 1 September 2024
Charge for the year
At 31 August 2025
Net book value
At 31 August 2025
At 31 August 2024		 Manses
£
1,242,500
1,242,500
39,864
19,236
59,100
1,183,400
1,202,636

During the year property managed by the Circuit comprised of 5 manses.

Page 30

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

14. Investment property

Valuation
At 1 September 2024
Additions
At 31 August 2025		 Freehold
investment
property
£
1,400,000
125,000
1,525,000

During the year Boylestone Church closed to worship during the year and their management transferred to the Circuit. The following Chapels are also closed to worship and managed by the Circuit; Rowland Memorial, Blackfordby, Prince Memorial, Woodmill and Woodville.

Contingent Liability

When trustees dispose of property on which a levy is chargeable under Standing Order 970 they shall, subject to Standing Order 973, contribute part of the proceeds to the fund as follows: (iA) up to £20,000 for the first £20,000 Nil (i) on any excess over £20,000 up to £100,000 20% (ii) on any excess over £100,000 40%.

The sum upon which the levy is calculated shall be the balance remaining after making the payments required under heads (i), (ii) and (iii) of Standing Order 916(1) or made for work to the property disposed of which has been undertaken on the advice of a qualified surveyor for the purpose of increasing the proceeds of the disposal. Proceeds go to the Connexional Priority Fund.

15. Stocks

2025 2024
£ £
Finished goods and goods for resale 905 1,256

Page 31

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

16. Debtors

Due within one year
Other debtors
Prepayments and accrued income		 2025
£
4,661
15,939
20,600		 2024
£
-
18,590
18,590

17. Current asset investments

2025 2024
£ £
Unlisted investments 108,272 106,746

18. Creditors: Amounts falling due within one year

2025 2024
£ £
Accruals 19,188 16,692

Page 32

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

19. Statement of funds

Statement of funds Statement of funds
Statement of funds - current year
Balance at 1
September
2024
£
Income
£
Unrestricted
funds
General Funds
3,033,732
371,926
Circuit Model
Trust Fund
104,214
4,294
3,137,946
376,220
Restricted funds
Uttoxeter Schools
Worker
598
41,430
Hanbury Burial
Ground
2,048
94
Benevolent Fund
90
-
Internal
Organisations
13,568
4,196
Shoe Box Appeal
389
-
Woodville Burial
Ground
507
23
Stock
1,256
-
Hunt's Charity
-
25,501
18,456
71,244
Total of funds
3,156,402
447,464		 Expenditure
£
(461,046)
(2,829)
(463,875)
(36,269)
(7)
-
(4,830)
(389)
(2)
-
(20,000)
(61,497)
(525,372)		 Transfers
in/out
£
(5,145)
-
(5,145)
5,145
-
-
351
-
-
(351)
-
5,145
-		 Gains/
(Losses)
£
40
-
40
-
-
-
-
-
-
-
-
-
40		 Balance at 31
August 2025
£
2,939,507
105,679
Unrestricted
funds
General Funds
Circuit Model
Trust Fund
Restricted funds
Uttoxeter Schools
Worker
Hanbury Burial
Ground
Benevolent Fund
Internal
Organisations
Shoe Box Appeal
Woodville Burial
Ground
Stock
Hunt's Charity
Total of funds		 Balance at 1
September
2024
£
3,033,732
104,214
3,137,946
598
2,048
90
13,568
389
507
1,256
-
18,456
3,156,402
3,045,186
10,904
2,135
90
13,285
-
528
905
5,501
33,348
3,078,534

Page 33

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

19. Statement of funds (continued)

Restricted funds exist to support specific expenditure. Each of the following Restricted funds are used for the purpose described:

Uttoxeter Schools Worker

To continue to jointly fund the School's Worker at Uttoxeter with the objective of bringing the good news of Jesus into schools within the Uttoxeter Pyramid of schools.

Hanbury Burial Ground

To fund maintenance of the Burial Ground at Hanbury.

Benevolent Fund

Primarily held for the relief of poverty and sitress in the congregations and neighbourhood of the Circuit.

Internal Organisations

Funds held by a variety of organisations within individual Churches.

World Churches

To fund 50% of the costs of the Presbyter provided to minister to the Fijian community in the UK.

Shoe Box Appeal

To provide funds for the annual shoe box appeal.

Woodville Burial Ground

To fund maintenance of the Burial Ground at Woodville.

Hunt's Charity

To further the charitable purposes in connection with the Methodist Church in the South Derbyshire Circuit which is now part of East Staffordshire and South Derbyshire Circuit

Page 34

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

19. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
General Funds
Circuit Model Trust
Fund
Restricted funds
Uttoxeter Schools
Worker
Hanbury Burial
Ground
Benevolent Fund
Connexional
Internal
Organisations
World Churches
Shoe Box Appeal
Woodville Burial
Ground
Stock
Total of funds		 Balance at
1 September
2023
£
3,045,761
229,205
3,274,966
3,415
2,001
190
-
12,077
675
1,688
507
1,589
22,142
3,297,108		 Income
£
423,124
15,145
438,269
23,178
88
-
350
5,101
20,000
-
-
-
48,717
486,986		 Expenditure
£
(536,215)
(9,395)
(545,610)
(30,855)
(5)
(100)
(350)
(3,943)
(20,675)
(1,299)
-
-
(57,227)
(602,837)		 Transfers
in/out
£
125,917
(130,741)
(4,824)
4,860
(36)
-
-
333
-
-
-
(333)
4,824
-		 Gains/
(Losses)
£
(24,855)
-
(24,855)
-
-
-
-
-
-
-
-
-
-
(24,855)		 Balance at
31 August
2024
£
3,033,732
104,214
3,137,946
598
2,048
90
-
13,568
-
389
507
1,256
18,456
3,156,402

Page 35

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements For the Year Ended 31 August 2025

20. Summary of funds

Summary of funds - current year

Income
£
376,220
71,244
447,464
Income
£
438,269
48,717
486,986		 Expenditure
£
(463,875)
(61,497)
(525,372)
Expenditure
£
(545,610)
(57,227)
(602,837)		 Transfers
in/out
£
(5,145)
5,145
-
Transfers
in/out
£
(4,824)
4,824
-		 Gains/
(Losses)
£
40
-
40
Gains/
(Losses)
£
(24,855)
-
(24,855)		 Balance at 31
August 2025
£
3,045,186
33,348
3,078,534
Balance at
31 August
2024
£
3,137,946
18,456
3,156,402

21. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Investment property
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2025
£
1,183,400
1,525,000
355,974
(19,188)
3,045,186		 Restricted
funds
2025
£
-
-
33,348
-
33,348		 Total
funds
2025
£
1,183,400
1,525,000
389,322
(19,188)
3,078,534

Page 36

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

21. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Investment property
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
1,202,636
1,400,000
552,002
(16,692)
3,137,946		 Restricted
funds
2024
£
-
-
18,456
-
18,456		 Total
funds
2024
£
1,202,636
1,400,000
570,458
(16,692)
3,156,402

22. Reconciliation of net movement in funds to net cash flow from operating activities

Net expenditure for the year (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Additions of Investment Properties
Decrease in stocks
Increase/(decrease) in debtors
Increase/(decrease) in creditors
Investment income
Disposals of Investment Properties
Deficit on investment property
Net cash used in operating activities		 2025
£
(77,868)
19,236
(125,000)
351
(2,010)
2,496
(36,425)
-
-
(219,220)		 2024
£
(140,706
19,932
(175,000)
333
6,942
(7,810)
(56,877)
270,000
26,400
(56,786)

Page 37

Docusign Envelope ID: 2D2D38D0-B9F2-45EB-9AF3-DC3ED6CB18F3

East Staffordshire and South Derbyshire Methodist Circuit

Notes to the Financial Statements

For the Year Ended 31 August 2025

23. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2025
£
367,817
367,817		 2024
£
550,612
550,612

24. Analysis of changes in net debt

Cash at bank and in hand
Liquid investments		 At 1
September
2024
£
443,866
106,746
550,612		 Cash flows
£
(184,321)
1,526
(182,795)		 At 31 August
2025
£
259,545
108,272
367,817

25. Capital commitments

There were no capital commitments at the year-end (2024 - £NIL).

26. Pension commitments

The Circuit operates a defined contribution pension scheme. The assets of the scheme are held seperately from those of the Circuit in an independently administered fund. The pension cost charge represents contributions payable by the Circuit to the fund and amount to £28,242 (2024 - £41,551). Contributions totalling £NIL (2024 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.

27. Related party transactions

The Circuit has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Circuit at 31 August 2025.

Page 38