Charlty re8istratlon number: 1134211 Plymouth and Devonport Methodist Clrcuit Financial statements for the Year Eniled 31 August 2025 Charlty re8Sstratlon number: 1134211 THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS ACCRUALS BASIS for the Year Ended 31 August 2025 Plymouth and Devonport Methodlst Clrcuit Mlnlsteis Rev Allstalr Lowe RevAmanda Roper Rèv 8renton Prl88e Rev Rebecca Marshall Clrcuot Stewards Mrs Brenda Lowe Mrs Mary McNau8hton Mr Keith Ang111ey Mr Reg Marriott Interlm Clrcuit Treasurer M5 Pam Missen Plymouth and Devonport Methodlst Clrcuit Contents Page Trvstees, Report Iincludlng reference and admlnlstrative detallsl Statement of flnanclal acrlvltles io Balance Sheet li Cash flow statement 12 Note5 to the flnanclal st3tetnent5 13-21 Declarallon 22 Independent examlner's ¥eport 23 The followlng page does not form part of the fin8nclal slatements Detailed income and expendlture account 25 PLYMOUTH AND DEVONPORT METHODISTCIRCUIT TRU5TEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025 Introduction The Plymouth and Devonport Methodlst Clrcult wo¥rk towards supportlng the lives of the communities wlthln its boundaries In 5everèl different ways. By the provision Of regular public acts of worshlp open to member5 of the church and non-rnembers alike. The teaching of Christlanity through sermons, course5 and small groups. Pastoral work including wsiting the sick and bereaved. Promotlng the whole mission of the church through ctivities and support for older people, parent5 and children and other specific groups when approprlate. Alms and organlsatlon The Circult Mission statement.. Plymouth & Devonport Circuit 15 committed to the Growth of the Kingdom of God by facilitating local lellow5hip5. The Circult Ss commltted to developing a supporting team to allow the Circuit Staff to Use their parti¢ular gifts acros5 the Circuit. We seek to engage with the rural and urban communities withln the Circuit and to support the Chaplaincy of the Plymouth Hospitals and Unlver5ity. We encour28e Outreach across the Circult by actively serving the communities around us. Revlew of the year During the year the Clrcuit has worked to bulld links between the churches to lind new ways of working together. We have moved to a Hub model for the churches so that one church in each hub hès the consistency of one Mlnlster. but that Minister has Pastoral Care of all the churches in that hub. Volunteers from the Circuit have made contributions to the life of the community in a variety of ways includlng 80ing into schools wlth -open the Book" and supportirlg the work of Foodbanks. Work with local Pflmary schools Ivybrld8e has been Instigated with the appointment of a Children and Farnily Worker who along with working with children on S(tndays and a weekly Baby Hub is strengthening links between churches, chlldren, staff and parents. There are several young people's uniformed groups wlthln the Circuit, inclLJdin8 Glrl's Brigade, Boy's Brlgade, Guide and Scout groups. The Performing Arts Enabler contract ceased In December 2024, and they now have a new missSon role 35 DROPS (making waves through the arts as In "Drops in the Ocean'l enabler, part funded by Sherwell UnitÈd Church. We have 4 full tlme mlnlsters appointed to the Cirtult, one of which is the Superintendent and one Is a Probationer. We have a stfong Lay Leadershlp and Supernumerary Team, wlth the addition of 3 lay workers across the Circuit. We are hoping to employ a Circuit Facilities Olfiter in the very near future. The Circult Trustees continue to explore way5 015upportin8 the churches across the Clrcult uslng the resources avallable to them and eyploring the future of buildings that have ceased to worship. One Church has been placed on the market, with the sale close to beln8 completed and another15 in the process of belng leased out for S years. Page I A Clrcuit Mis5ional Grant was awarded to fund a Lay Pastoral Outreach Worker at Ridgeway Methodist Church where they successfully run an explorln8 faith group, spends time with new to faith and the bereaved. Also, they Interact with church groups to build relationships ancl missional thinking. We continue to monltor the best use of our resovrces and deployment of staff during challenging financlal tirnes. The Circuit has moved to a Hub model a£ross the Circuit. 4 hub5 W5th a dedicated mlnlster at the hub church. This was introduced after a series of exploration and vlsion days held across the circuit in the previous vear. Of the 4 hubs, 2 are already worklng to the new format but the remalning 2 are still worklng to find the way forward under this new 5y5tem. In compllance with the Safeguarding policy of the Methodist Church, training sesslons contlnue to be held in order that all required people completed the-creating Safer Spaces" module. The Clrcuit Property Ollicer encourages thurches to de31 wlth outstandin8 property issues and has glven support with various property schemes. Weekly worship was sustalned ac¥oss the Ci¥cuit. The Circuit continues to Support All We Can. the work of several local Foodbanks. Action for Children, Water Aid. Samaritans, Gulde Dogs lor the Bllnd, Operation Christma5 Child, Mercy Shlps, Ukraine, RNIB, Motor Neurone Disease, and local charities. In addltion to this, churches respond to crisis appeals as the need arises. brlef flnanclal revlew of the year Income trends The letttng income relate5 to funds generated from Manses not currently required and from the Oreston Cottage. Expendlture trends Stipend expendlture has InC￿aSed each financial year in Ilne with conference approved Increases. £73.188 of expend5ture Ss the Clrcuit contribution to the Distrlct and ConnexSon, ol whSch a slgnlficant part Is used to fund the work of the wider Methodist Church. Fund balantes As at 31 August 2025 the net current a55ets of the Clrcuitwere £513,536. Plans for 2025126 Circuit linanclal plans for the coming year have beeTI p￿Pared on the basis that there remains 4 full ￿me ordained staff with antlcipated cost of living stipend increases tomblfied with an 8.7% increase in the assessment pald to the district such that a 1.75% assessment Increase has been requested from the clrcuit churches. Trustees Annual Report on Flnan¢e and Governance Basis of preparation and legal framework The Charlty's annual report and accounts for the year ended 31 August 2025 have been prepared in accordance with the Charities Act 2011 and the Ch3rities.' Statement of Recommended Practice 2019 as applicable to the Financlal Reportin8 StandardlFRSI 102 Page 2 Full Name of Charity.. Plymouth ènd Devonport Methodlst Clrtult Registration Charity Nurnber.. 1134211 Date of registration.. 09 February 2010 Main communication addres5'. Circuit Centre, Stoke Christian Centre, Devonport Road, Plymouth, PL3 4DS The members ol the Plymouth and D￿onpOrt Methodist Circuit meetlng are the Charity Trustees, membershlp being made up of clrculr offlce holders. ministers and representatives appointed by the local churches. Circult membership is shown as Appendix A to this report. Clrtult Ministers and officers Active Circuit Ministers Rev Alistair Lowe Rev 8renton Prigge Rev Amanda Roper Rev Rebecca Marshall Circuit Lay Workers Mrs Janet Doblnson Mrs Sharon Ho5good Clrcult Stewards K¢rs Brenda Lowe Mrs Mary McNaughton Mr Re8lnald Marriott Mr Kelth Angilley Admlnlstrator.. Mrs 015rnart Treasurer M5 Pam Missen Independent examiner.. Mr John Hillier R T Marke & Co Limited 6 Houndiscombe Road Plymouth PL4 6HH Investment Banker5'. Centfal Fln3nce Board of the Methodist ChL*rch Trustees for Methodist Church purposes Bank details.. Iloyds Bank PIC 8 Royal Parade Plymouth PLI IHB Mr Neil Major, Foot Anstev 4 North East Quay, Sutton Harbour Plymouth PL4 OBN Accountants.. R T Marke & Co Limited 6 Houndiscombe Road Plymouth PL4 6HH Page 3 PLYMOUTH AND DEVONPORT METHODIST CIRCUIT Alms and or8anlsatlon Charity objective is to act as a Resource provider within the area around and adjacent to Plymouth and Devonport for the Methodist Church.. The purp05e5 of the Methodist Church are and shall be deemed to have been since the Date of Unlon the advancement of.. al The Christian faith In accordance wlth the doctilnal standards and discipline of The Methodist Churth,. bl Any charitable purpose for the tlme belng OF any Conne)rional. District, Circult. Loc31 or other or8anisatlon of The Methodist Ch(trch.. cl Any charitable purpose for the time being of any society OT instltution subsidiary or ancillary to The Methodist Church,. dl Any purpose for the time being of any charSty belng a charlty subsldlary or ancillary to 7he Methodist Church The organlsation and resourcing of regular publlc acts of worship open to Members of the church and non member5 alike. The teachin8 of Christianity through sermons, cou¥ses and small groups. The resourcing of pastoral work including visiting the slck and bereaved. Taklng rellglous assemblles In local schools. Promotion of Chr55tianity through the sta8ln8 of events and services. Provlslon of chaplalncy seTvlces to the local universlty and other institution5. Publlc Benefit We confirm the trustees have had regard to the Charity Commlsslon's guldance on public benefit. Stwcture, Governance and ManaRement The governing document for the cirtLsli Is the Deed of Union119321 and Methodist Church Act119761 Detailed governance arrangements are outlined wiihln the Constitutional Practice and Discipblne of the Methodlst Church by order of the annual conference ICPDI. Day to day management of the circuit is undertaken by the Circuit Leadership team along with thÈ Local Preachers meeting. Trustee Tralnlng A range of 8uidanc@ produced by Methodist Connexion to SUPPDrt the effective running of the circuit can be found on the Methodlst website and some on 'Yru5tees for Methodlst Church Purposes" website. The flve golden rules of being a trustee Can be found in Guidance for Mana Trustees- The Methodist Church. Page 4 Related Partle$ The Circuit is part of the newly formed 120241 South W@st Peninsula District and is also accountable to the Methodlst Conference. The follow5ng Methodist Churche5 are linked to the circuit Bittalord, Compton, Cornerstone, Crownhill, Elburton, Ivybrldge, Mount Gould, Pennycr055. Ridgeway, Roborough, Sherwell. St Budeaux, Stoke, Woodlord and Yealmpton. The Oreston Centre is a community centre with 2 halls, a small meeting room and a newly fitted kitchen. It is managed by the CircuSt and 15 available to hire by the local community. The Circuit use the space for an afternoon drop-ln 5es5ion, a photO8raphlc exhlbition, occasional Sunday worshlp and an Easter Qulet Dav. Risk Management The major r15ks have been identlfled and recorded by the Clrcuit Leadership Team wlth prolesslonal 3dvice taken as required. There Is a regular annual review process undertaken and recorded. Income and Expenditure is being monitored in total and 15 compared with the approveij annual budget on a half yearly basis to detect trend5 as part of the rlsk management process to avoid unforeseen calls on reserve5. Safe8uardln¥ Every person has a value and dignity whlch comes directly from the creatlon of male and female God'5 own image and likeness. Christlans see this potential as fulfilled by God's re-creatlon of us In Christ. Among other things this implies a duty to value all people a5 bearing the image of God and therefore to protect them from harm. Methodist Connexlonal practice outlines tommltment to thÈ followlng prSntiples'. the care and nurture of. and respectful pastoral ministry with, all children, younB people and adult5 the Safeguarding and protE£tion of all children, young people and adult5 when they are vulnerable. the establishing ol safe. caring communities which provide a lovlng envSronment where there Is Informed vigilance as to the dangers of abuse. We wlll carefully s@1ect and traln all those with any responslbility within the Church, In Ilne with Safer Recruitment princlples. including the use of criminal records disclosures anil registration with the relevant vettin8 and barring schemes. We wtll respond without delay to every complalnt made whlch su8£ests that an adult, child or young person may have been harmed, cooperating with the pollce and local 3Uthority in any Investigation. We will seek to work with anyone who has suffered abuse, developing with them an appropriate mlnlstry of Informed pastoral care. We wlll seek to challenge any abuse of power, especlally by anyone in a positlon of trust. Page 5 We will seek to offer pastoral tare and support. Sncludlng supervision and referral to the proper authoritie5. to any member of our church community known to have offended against a child. young person or vulnerable adult. In all these principles we will follow legislation. guidance and recogntsed good practlce. The Plymouth and Devonport Methodist CiTCUIt commits itself to ensuring the implementatlon of Connexlonal Safeguarding Policy,. government leglslatlon, guldance and safe practlce In the clrcuit and in the churches. The Plymouth and Oevonport Qrcult commits Itself to the provision of support, advice and training for lay and ord3ined people that wlll 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. Reserves Policy The Reserves Pollcy for the Circuit is to malntain unrestrlcted funds, which are free of reseNes, at a sufficient level to secure the continued provislon of normal charitable activities lor a period Df approximately 6 months. The Trustees will look to set aside as designated lunds such amounts as are approprlate to provide for all future charit3ble and Strategic requirements. Page 6 Wymouth and Devonport Methodlst Clrcult 2024-2015 Appendlx CIRCUIT MEETING MEMBERSHIP Mlnlster5 Rev A1istair Lowe (Superintendent) Rev Brenton Prigge Rev Amanda Roper Rev Hebecc3 Marshall (Probationer) Rev john Mills IH05Pital Chapllnl Supernumerary Mlnlsters Rev David Youngs Rev Terry HIBgins Rev Edgar Daniels Rev Doug Rix Layworkers Lay Pastor janet Dobinson Clrcuit Stewards Mrs 8renda Lowe (Appolnted as Clrcult Steward Nov 24, elected 85 Senior Circuit Steward Sept 251 Mrs Mary McNaughton (resigned as Senior Steward Sept 20251 Mr Keith An£illey Iresigned Aug 20251 Mr Reg Marriott Local Preachers Miss Susan Mary Bolt Ms Beverley Smerdon Mrs Marion Wilkinson Clrcult Tteasurer Mr Davld Rowe Iresigned 19 Nov 20251 Ms Pam Mlssen lappointÈd 19 Nov 20251 Clrcult Property Officer Mr Michael Sowden Circult Safe8uarding Offlcer Mrs DlaFia Srnart Page 7 Circult Trustees Biltaford.. Mr Christopher Phillips Mr Stewart Edward Mrs ElSzabeth Cade Mrs Christine Adams Cornpton-. Mrs Lesley Kerslake Mrs Pamela Dawn Missen Mrs Mary Louise McNaughton Corne¥stone'. Mlss E112abeth Dorothy Parker Mr Stephen Martin (appt Apr 20251 Crownhlll.. Mr Kelth Richard Launder Idied Jun 20251 MTS Maureen Blatchford Mr Laurence George Harrlson lappt Jun 20251 Mrs Judith Lea Elburton.. Mrs Margaret Ridlev r5 Martha Wright Ms julie Marie Gray (appt Mar 20251 Mrs Elizabeth Coleman Ivybridge.. Mr Reg Marrlott r Robln Duckering Mrs Dorothy Carole fvlltchell Mr Davld Rowe Mrs P3m Shead Iresl8ned Mar 20251 Mount Gould.. Mrs Hannah Richardson Mr Matthew Rix Mrs Margaret Barrétt Pennycross-. Mr Malcolm Pillar Mr Richard Killick 5 June Maureen Algie (appt Apr 20251 Mr Aaron Walters Ireslgned Apr 20251 Mrs Amy Walters Iresigned Apr 20251 Ridgewav: Ms Carmen de Pablo Lopez Mrs Lynne Rogers Mr5 Joan Buttle Mr john Buttle Mr Antony Kirby Roborough.. Mrs Janet Mary Dobinson Mrs Helen Klmberlev Sherwell: Mrs Jean Mortimore Mrs Heather Brumpton Pa8e 8 St Budeaux.. Mrs Karen Louise Shears Mr Phllip John O'connell Mrs Catheryn Ann Niazi Ghadlm Stoke.. Miss Teresa Anne White Mr David Warne Elliot Woodford.. Mr5 Sue Tozer Mr Antony John Hollick (appt Apr 20251 Mr5 Margaret Dennls Mr Michael Edwin Tozer Mr Michael Richard Sowden Yealmptan= Mrs Shldev Patricla Hrydziuszka Page g Plymouth and Devonport Methodist Circuit ststement ot FlnancSal Actlvltles (SOFA) tor the Year Ended 31 August 2025 Unrestrlrted Funds General Restilcted Endowment Fund5 Fund5 Total 2025 Tolal 2024 CMTF Note Income and Endowments from: Donatlons and lega¢ies Charltable actlvltles Assessments or share InvÈ5trnents Other 10,987 425,179 4,568 28,520 425,179 19,693 159,592 361,300 14.130 139.597 14,334 131,072 619 172 Total 458,267 145,406 619 172 604A64 526.014 Expendlture Wages, salarle5, Stipend5 and other Staff costs TMCP Le￿V MethodSst Ch*Jrch Fund, IncludlTr8 D15trict Assessment Telephone & travel Insurance, utllltles, etc. Maintenance of clrcuit manses maintenan￿ of other Clrcuit property Iorestonl other Expendlture Grants and donatlon5 198.284 198284 9,863 303,549 6.278 9,863 73,118 4,172 32,183 34,287 73.118 4,172 32.183 34.287 79,180 4,618 32.008 10,948 14.902 21,634 5.OCKI 14,902 59,522 5,000 17,644 29.600 14,9791 34,233 1,418 2,237 io Totsl 383,580 44.096 IA18 2.237 431.331 478,846 Net lexpenditurellincome before galn$ and1055e5 on Investments. and before lalr value adlustments 74.687 101,310 17991 12,0651 173,133 47,168 Net gainslllosse51 on Investments Falr value adlustments to tan8lble fixed assets 24 62 16 41 143 3,663 167,2601 Net Incomellexpendlturel forthe year 101,372 783 173 276 116,429 Transfers between funds 549 13961 11531 Ne* movement in funds Reconciliation of funds.. Total funds brought forward Total funds ¢arrled fonmard 75.260 101,372 11,1791 12,1771 173,276 116,4291 19 124,136 199,396 247 259 2,216,914 348,631 2,215.735 8,300 2,596.609 6,123 2,769,885 2,613.038 2,596 609 Page 10 111 11111 Plymouth and Devonport Methodlst Clrcult Cash Flow Statement for the Year Ended 31 August 2025 2025 2024 Net cash used In operatlng actlvltlas (see belowl 24,3 36,341 Cash flows from Investlng actlvltle5: Gains/lLossesl on Investments Fund Income Sale of Millb¥ook church Manse Improvement/ Purchase of fixed assets Diwdends, interest and rents from investments Net cash provided by investing activitie5 143 3,663 11,0191 131,072 167,2601 14,130 50.4861 19,693 150.908 Change In cash and tash equivalents In the reportin8 perlod Cash and cash equivalent5 at the beginning of the reportlng perlod Cash and cash equlvalents at the end of the rtrportlng period Note.. Cosh Includes both the ct7sh heldot bunk and the Investments wlrh TCMP 126,518 436,280 562.798 114.1451 450,425 436,280 2025 2024 Reconclliatlon of cash flows from operatrnB actlvltle5'. Net lexpendlturelllncome for the reportlnB perlod Adjustment5 for-. Losses118ainsl on Investments Impalrrnent loss Depreclatlon Fund Income Sale of Mlllbrook church Divldends, Interest and rents from Investments Ilncreasel/Decrease in debto IDecreasellincrease in creditors Net cash (used Inllprovlded by operatlng actlvltie5 173,276 116,4291 11431 13,6631 67,260 558 1,019 558 1131,0721 119,6931 6,365 153,6811 124.390 114,1301 11.6441 3.370 36,341 2025 2024 Analysls of cash and cash equlvalents Cash in hand Current accounts Investmenis wlth TMCP Icurrentl Investments with TMCP Ifixedl Total cash and cash equlvalents 128,348 381,649 52,801 562,798 100,742 297.019 38,519 436.280 Pa8e 12 Plymouth and Devonport Methodlst arcu5t Notes to the Flnanclal Statements for the Year Ended 31 August 2025 l A¢cotsnting frarnework and accountlng pollcles Accountln8 framework The financial staternents have been prepared in accordance wlth Accountlng und Reporting by Charltles.. Statement of Recommended Pructice {SORPI appliczble to charitles preparing theST accounts In accordance wlth the Flnancial Reportlng Standard applicable In the UK IFRS 1021 leffectlve from l Januèrv 20191- (the Charltles SORP IFRS 10211. Funds The funds held con5titute'. General Funds held lor any purpose of thè Clrcult which are Uniestricted. Some of these funds have beers Internally allocated for a specific purpose, whlch makes them Unrestricted De518Thated. The Clrcult Model Trust Fund can be used for a varlety OF purpose5 and Is categorised as unrestricted. Restricted fund5 whlch are held for a narrower purpose. There Is also an Endowment fvnd which the Circuit Is entltled to receSve the Interest earned on thls account. Detalls of each rnalerial fund are disclosed in notes 17 and 18 to these accounts. Ary funds may be represented by more than lust cash. Publlt benefit entltv Plymouth and Devonport Methodlst Circuit Meets the definition of a publlc benefit entlty under FRS 102. Assets and liablllties are Inltlally ¥ecognlsed at hlstorical c05t or transaction value unless otherwlse stèted In the relevant accountlll8 pollcy notelsl that follow. Basls These accounts hève been prepared on the basis of hlstorlcal cost except that Inve5trnents are shown at their market value at the end of the year. The accruals basis has been used and trustees present accounts that show a true and fair view of the Clrcuit's financlal posltion and actlvltles. Content The nnanilal informatlon presented Is relevant, rellable. comparable and complete. Where estlmates are ￿Sed these are based on experlence. resèarch andludgement. The accounts are expressed In £Ster11t￿, rounded to the nearest pound. fjolng concern Based on the monetary assets and human resources avallable at 31 August 2025, the trustees belleve that the Clrcult Is a 801118 concern. Income reco8nltlo Income Is Sncluded In the Statement of Flnanclal Actlvlties ISOFAI when the Clr£ult becomes entltled to the resources, and the trystees are reasonably certaln they wlll receive the resources,. and the monetary value can be measured with sufficient In accordance wlth the Charltles SORP IFRS 1021. the time of volunteers Is not ¥eco8nised. ExpèndltUTe Thls 15 recognlsed when a Iiablllty Is Incurred. or a const¥uctive oblS8ation arlses, that results In the payment being unavoldable. Liabllltles are recognlsed as soon as an outflow of econornlc benefit is considered more Ilkely than not under the legal or constructive ob158atSon commlttlng the Clrculi to pay out resource5. Grants Grants made by the Circult from its own fund5 are recognlsed In full at the tlme of agreement or when the Circuit accepts that there Is a leeal ol oiperatlonal obllgatlon to make the payment. VAT Since the Circuit Is not VAT registered, all input VAT Is charged with the expense5 to which it refers. Page 13 Plymouth and Devonport Methodlst arcult Notes to the Flnanclal Statements for the Year Ended 31 August 2025 - continued Tangible tlxed assets for use by the Clicult Yhese are capiialised If they be used for more than one year, and indlvldualty cost èt least £1,000. The freehold propertles are shown In the accounts at C05t. No depreciatlorn Is provided on the buildin8$ because the trustees consSder the current residual fair value of the manse bulldings lon the assumptton that they have reached the end of thelr Useful economic live5 by the year-endl to be not less than thelr current value. The p¥opertie5 have been revlewed for Impalrment. Equipment Is shown In the accounts at C05t less depreciation. Depreciation15 calculated at 25% peF year on a 5tralght Ilne basls. Investments Investment propèrtle5 are Inltially recoEnlsed at cost which Includes purchase cost and any dlrettly attribvtable expenditure. These relates to manses which are due to be sold within the next year. Other investments of Plymouth and Devonport Melhodlst Circuit are held by the Trustees for Method15t Church Purposes (TMCPI as c￿StodIan trustees. The Investments are stated in the balance Sheet at market value at the year end Iprovlded by TMCPI. Investment Income Is Included in the accounts when rece4vable and any galns or losses on revaluatlon at the year end are shown In the SOFA. Debtors and prepayments Debtors are stated at the amounts owed to thè Clrcult or prepald. Bank and Cash The Ilquld funds representlng bank eurrent and dep)sit account are shown at thelr reali5able value5. Credltors Creditors are Inltlalty retognlsed at settlement amount after any trade discounts, where normal credlt terms apply, or amount advanced to the Circult. Subsequently credltors that are curreni 113billtles are measured at the cash or other conslderatlon expected to be pald. Mlnlsters. manse costs The Clrcult Is requlred to prowlde acttjmmodatlon for each mlnlster in the Circuit and their familles and thls ts seen as a benefit to the Cireult. Minlsters are expected to occupy the manse piovided for them. The CSrcult bears the costs of repalrs, maintenance, bulldlngs Insurance, telephone charges, Councll Tax and water charge5. These figures are not separately dlsclosed as benelits-in-kind for mlnlsters as HMRC IHer Majesty's Revenue and Customs) do not seek to lax these receipts in the hands ol mlnlsters. 2 Donations an41 le8acles 2025 2024 Doftatlons lunre5trlcted fundsl 10,987 Page 14 Plymouth and Dtvonport Methodlst Circult Notes to the Financial Statements for the Year Ended 31 Au8ll$t 2025 . contlnued 3 Charftable actlvltles Charltable aCt￿ltIeS conslsts of Circuit assessment Income. These IncornÈ streams are unrestricted funds. The Cfjrcuit is made up of the following Churches.. 8ittaford Elburton Compton Ivybrld8e Cornerstone Mount Gould Crownhill Pennycross Rldgeway Roborough Sherwell 5t Budeaux Stoke Woodford Yealmpton The level of assessments Is calculated on an annual basls. Deferred circult assèssments are Included w¢thiTr other creditors and relate to the flrst instalments of the 202SI2026 annual assessment. These amounts are deferred In order to Indude ihe Income In the correct peiiod. 4 Othertradlng actlvltles Other tradin8 Income is treated as uniestrlcted fun(ts, unless otherwlse stated. 5 Invè#rnent Income 2025 2024 Dlvldends and interest on Investments Irestrlcted fltndsl Divldends and Interest on Investments lunre5tricted CMTF funds) Divldends and 5nterest on Investment5 (unrestricted deslgnated funds) Dividends and interest on investments (unrestricted funds) Di￿dendS and Interest on Investments lendowment lundsl Central Flnance Board lunre5trlcted fund51 619 14,334 531 2,235 172 1.802 19,693 213 9,468 1,052 2,555 214 628 14.130 6 Other Incomè other Ineome is treated a5 unrestricted funds, unles5 Otherwlse stated. It Includes the sale ol communlon wine, sales of clrcult plans. Income frorn Performan￿ Arr Mlsslon Enablèr projects, realised gains Dn the disposal of manses, and other sundry recelpts. 7 Tfustees, remuneration and expenses All of the Mlnlster5 were members of the Clrcult meeting and are attordingly Managin8 Trustees of the charSty, therefore the rernuneratlon dlsclosed In Note 8 Includes some remuneration paid to Trustees ol the charily. The Clrcult Is Mana8ln6 Trustee for flve manses12024', flvel, three of whlch are occupled by mlnlsters stationed In the Clrcult 12024= three). one of whlch is occupled by a min15ter 5tatloned In the Dlstrlct12024.' onel, and one whlch Is let out for resldential lettlngs income purpose$12024 .' none) . The Clrculi Is responslble for the payment of Council tax, water rates, buildln85 Insurance and telephone & broadband costs Ithe Circult Is not responslble for any other ijtiiity b411$1. It Ss a150 responsible for rnalntenance costs on all these properties. In the year the manses costs totalled £66.57512024." E43,4471. 2025 2024 Number of tiustees who were pald expenses Ilntluding Mlnlster51 Expenses payment5 prlmarlly relate to reirnbursement for travel/coursè5. Relmbursement for Items purchased on behalf of the Clrcult. Relmbursement for Minlsteres èxpenses Total amount paid (£1 1.359 3,392 4,751 1,645 7.985 9,630 Page 15 Plymouth and Devonport Methodlst Clrcult Notés to the Flnanclal Statements forthe Year Ended 31 Au8USt Z025 continued 8 SalarlÈs and assoclated costs Gr05s salaries paid to employees We￿ a5 follows: 2025 2024 Gross pay Ilncludlng Minlsters stlpendsl Employer'5 Natlonal Insurance contribudons Employer's penslon contributlons to deflned contrlbutlon schemes Total payroll costs Other expenses pald Total staff cost5 (unrestricted funds) 148,888 15,465 213,786 20,216 41,539 275,541 28,008 303 $49 189,905 19S 284 No employees recelved employee beneflts that totalled more than £60,000. There is no accrual for holklay pay as It Is immaterial.. the hollday year ends on 31 August. All staff are pald at or above the Ilvlng wage. Partlcular5 of emplgyees.. The aveTa8e number of staff employed by the charlty durlng the year amounteij to.. 2025 No. 2024 Number of staff lexcludlng MlnlsteTsI Pen51ons Most ordalned presbyters and deacons are rnembers of the Methodlst Ministers, Pension Scheme IMMPSI. This Is a deflned benefit scheme. The Supreme Court held In 2014 that Methodlst mini5lers Iwhlch term Includes presbyter5 and deacons) are not employees of the Church. For sSmpllclty, hgwever, when deallng wlth Natlonal Insurance Contrlbutlon5 and pension contrlbutlons, the terms'employerf and'employee, are used as they would be in an ernploying bodv. The Connexion account5 for both the MMPS and Penslon and Assurance Scheme for Lay Employees of the Methodist Church IPASLEMCI penslon Schemes and shows the fi8ures in the annual Methodist Church In Great Britaln accounts. At the lasi trlennlal vèluatlon on 31 Au8USt 2023, the Scheme was It) surplus by £44.7m la 51gnlflcant Improvement on the prewous deficit of E14m recorded In Aug 20201. The Councll subsequently agreed to In¢￿aSe pensions by 5% Sn September 2024, over and above Inflationary Increases. There is a provlslon that these changes may need to be reveised 11 the fundlng p051tlon deterlorates - however the trustees feel that the work they have done In de-r15klng thls portfollo means that thls Increasè 15 reasonable. Detalls of the deftclts on these schemes can be found in the Annual Report and Accounts of The Methodist Church at www.methodist.orE.uk. On the other hand lay employees are contractually employees and have lolned The Penslons Trust. Th1$ 15 a defined beneflt stheme and the Èmploying Churches and Clrculis Contrlbute as employer5 to this scheme. The circult operates a deflned contributlon plan for Its employees. A defined contrlbutlon plan Is a penslon plan under wh5ch the circult pays fixed contrlbutSons lrnto a separate entity. ance the contributions have been pald the circult has no further payment obllgatlons. The contrlbutlons are reco8nised as an expense when they are due. Amount5 not pald are shown In atcruals In the Balance Sheet. The assets of the plan are held separately from the clrcult In Independentfy administered funds. Page 16 Plymouth and Devonport Methodist Circult Notes tts the Financlal Statements for the Year Ènded 31 August 2025 continued 9 Other outgolngs All costs are made from unrestrlcted funds ex￿pt those noted below. 2025 2024 Graveyard costs Adminlstration expenses Accountancy fees Independent examinatlon fees Depreciation other Sundry costs Fund Management charges.. lunrestilcted funds) lunre5trlcted CMTF fundsl lunrestrlcted deslgnated fundsl Irestrlcted funds) lendowment funds) Publicatlons Tralnlng Levy on sale ol Mlllbrook church Clrcult plans Professlonal fee5 Qvinqlllnnials Srewards/local preachers costs Total 2,542 4,523 7,640 1,700 558 3,251 2,525 3.161 6,371 1,554 S58 18 178 804 65 28 12 125 371 2B.429 152 500 56 23 11021 425 11,825 1,364 1.16S 1,775 7,450 71 10 Grants and donatlons 2025 2024 Benevolent fund grants Pennycross grant wrltten ofl Total 5,000 400 11 Manses and other property and equlpment Manses & other property Equipment Total Cost or valuatlon As at I September 2024 Additions in the year Less.. Depieclation in the yea¥ less.. Falr value adjustrnent At 31 Au8USt 2025 2.201732 1,374 I204,J06 15581 15581 2.202,732 816 2,Z03.548 The value of the rnanse5 are belleved to be Kreater than thelr historlcal cost or notlonal c05t in 1998 as shown In the accounts. There Is no depreciation on the manses as the impairmeni revlew at the end of the year confirmed that the current residual market valt¢e of the buildings was 8reater than the carryln8 value of that part of the assets cost to date. Page 17 Plymouth and Devonport Methodlst Clrcult Notes to the Flnanclal Statements for the Year Ended 31 August 2025 contlnued 12 Investment5 held as flxed asset$ other Investmènts Market value As at I September 2024 Reclasslflcatlon from current assets Revaluatlon At 31 August 2025 38,519 14,188 94 52,801 Net br)ok valve At 31 August 2025 Al 31 August 2024 52,801 38,519 13 DebtOT5 and prepayments Debtors were made up as follows.. 2025 2024 Prepayments and accrued Incorne Other debtors Total 14,447 13,711 14 Inv¢5tments Trustees for Methodlst Church Purposes The funds that support the Circuit Model Trust Fund and varlous other funds are held by TMCP in Trustees Interest Funds on which Interest is credlted to the account5 each month. These are regardEd as medium and lon8 terrn Investments. TMCP Is the legal owner and Custodian Trustee of all Method151 Modèl Trust property, Including Legatles. Endowments and Accumulated Funds. Trust property 15 held for and on behalf of local Managing Trustees who are responslble for the day to day management of trust property. TMCP ensure that. through provlding guld3nce and actlng under their dlrectlon, the Managing Trustees comply with chaiity law and Methodlst law and pollcy as determlned by the Methodlst Conference. 15 Central Flnance Board ICFBI and Cash at Bank The Circult has a current account at Uoyds Bank. an authorlsed Institutlon. The sums held on thls accouni are lrnmediately avallable. In addltlon the Clrcuit has a deposlt account at CFB, a common dep051t fund. Interest Is eained on thls account and credlted monthly,. the sums deposited can be wlthdrawn without notlce and wlthout loss of Ihterest These sums are vlewed as being liquid. Page 18 Plymouth and Devonport Methodlst arcvlt Not*5 to the Flnanclal Statements lof the Year Ended 31 August 2025 . continued 16 Credltors: Amounts falllng due wlthln one year 2025 2024 Deferred Sneome Other Credltors Overpaid assessment income provlslonally written off Accruals Total 830 1,808 10,742 1,780 44,219 7,848 below 8,270 It Is experted that all accruals and other credit¢xs as at 31 August 2025 will be paid durlng the year to 31 Au8ilSt 2026. Deferred Income relates to assessrnents whlch are paid In advance. 2025 2024 Deferred incorne brought forward Prepaid Income brought forward Deferred Income wrltten off Assessment income recelved the year Deferred Income carrled forward Amount owed for the year but not received Asse$sment Income recotnlsed in the year 10,742 17,1021 44,219 378,150 18301 46,610 12.3911 144,2191 364,940 110,7421 7,102 361300 425 179 17 Unrestrlcted Funds fjeneral Fund The purpose of the fund Is for use at the dikretion of the trustees In ihe furrherance of the general oblettlves of the cIrt￿lt and which have not been deslgnated for other purposes. Various This fund 15 made up of multiple model trust bequests. Thls fund is a local model trust bequest. All model trust accokFnts requlre the approval of Clrcult prlor to any expendlture. Desl8nated Funds These fibnds have been deslgnated by the Clrcuit. to be uti115ed lor the following purposes,. MI￿ F L Moore Thlsls a local model trust. The lundls de51gnated for benevolent purposes. Labra Zlon Utd This15 a lotal model trust, In respect of proceeds of sale. Thls lund Is deslgna¢ed to support members tralnlng tost5. Performin Arts Mlssion Enabler PAME The gain5 received from the Sale ol Colebrook have been designated to cover the costs of employlnR a PAME, and to cover the addltSonal costs Incurred to run thls sefvlce. Endowmènt Funds These funds have been bequeathed for a specific purpose, and can only be used for suth purpose wlth the 3greement of the trustees. Any devlation from this purpose due to the purpose belng no lon8er appllcable. rnust be approved by the natlonal Methodist Church leqal team. Pagè 19 Plymouth and Devonport Methodlst Clrcult Notes to the Flnanclal Statements for the Year Ended 31 Au8USt 2025 . contlnued 18 Restllcted Fund5 Restrlctèd funds are those recelved and held to cover specific expendlture. The restriGtIon5 are as follows.. £¥ Thls fund was set up to cover the malntenance cost of the graveyard at Venton. erintendents Su 'tS Dlscr lo a Fun Thls fund was set up to cover grants and donations made In respect of the superlntendents discretionary payments. ralnln Fund Thls fund is used to support the Ciicuit members to attend courses. Youth and Children Thls fund was received from a tlosed youth cholr wlth the Instruction that It was to be used for Youth and Chlldren's work In the Plyrnouth and Devonport Method15t Clrcult. nse5 This fund relates to the acqulsltSon of manse propertles. whith are held wlthln Flxed Assets and Current Asset Investments. It also includes the Oreston Centre, a former church now converted into a communlty hub. 19 Analysis of funds Balance as at In¢omlng 01-Sep-24 Resources Outgthng Re5our¢es G•lnJl IL055e51 on Investments Bal8ncÈ as at Transfers 31-Aug-25 Restrl¢ted Funds B Skellev Sup'ts Dlscretionary Trainin8 Fund Youth & Chlldren Mlllbrook- Miss MK Par50ns Millbrook- EN Parson Miss F L Moore 322 15 13361 367 18 2,265 1,131 loo 2,366 54 141 iiooi 19411 1291 925 9,072 2,202,732 2,216,914 16 424 13951 9,072 2,202,732 2,215,735 Manses & other Pfoerpty 619 11,4181 16 13961 Endowment Funds Mrs Lakin- legacv Ore5ton- Royle Trust Mlllbrook- Cathe¥lne Nlcholls Mlllbrook- Mrs 8 Evans 1,700 4.415 343 1,842 8,300 79 1741 1791 1,700 4,413 93 1141 13431 IL8751 12,2371 33 41 172 11531 6,123 Unre5trlrted Funds IDesS8natedl Lalra Zion Utd PAME 11,126 7,523 18,649 531 1361 11.5991 111,6351 11,621 450 3,626 3,626 981 11,621 Unrestrlcted Funds lundeslgnatedl Clr¢uSt Model Trust Fund General Fund Oreston funds Varlous 247,259 50.815 14,287 21,432 18,953 352.746 145,406 455,053 424 144,0961 1371,7681 1461 1701 61 1416.0411 62 348,631 132.702 14.683 21,437 11,3981 18 922 18531 826 887 602,692 86 13,0771 536,406 Total Funds 1596,609 604,464 age 1431,3311 143 2.769 885 Plymouth and Devonport Methodlst Clrcult Notes to the Flnanclal statements for the Year Ended 31 August 2025 contlntsed 20 Tiansfer5 between funds The unrestrScted CMTF fund is available for property project5, ministry and mlsslon grants and other purposes as detalled under Standing Order 917. 21 Voluntser ¢ontilbutlons Every entity IConneKion. District, Circult. Church) wathin the Methodist Church in GB is heavily reli3nt on volunteers who contribute their skills. time and money In the furtherance ol the work of the Church. We are grateful to all of them lor their help and commitment. 22 Grant commitments The following grants were awarded following the completion of the approprlate papen￿Ork and the commltments wlll be met by the CWtF which has a 5ullicient balance In It to cover them.. Performlng Arts Mission Enabler- three year grant commenced on January 2020. £103,864 payable over the 3 years, in January each year. This grant was subsequently extended, and finSshed In December 2024. Lay Pastoral Outreach Worker at Ridgeway Methodlst Church. Grant of £5.0￿) in 2024125 and £4,750 In 2025126 to partlally fund the post, Page 21 Plymouth and Dèvonptsrt Methodlst Clrtult Charlty ¥e8lstratlon number: 1134211 Declaratlons and Scrutlny I conflrm that these accruals-based accounts fol the year to 31 Au8USt 2025 have been prepaTed from the ¥ecords of the arcult and that they include all funds under the conlrol of the Clrcult. Slgnature of treasurer.. Date.. Narne of treasurer= Pam Miss•n Address of treasurer.. Ircult Offlee, Stoke Chrlstian Centre, Devonpctrt Road, Plymouth, PL3 4DS Presentatlort to the Circult Meetln8 I confirm that the annual repo¥t and accounts for the year ended 31 August 2025 wlll be presented to the Qrcult Meetlng at It5 rneeting on .............-.................... Slgnatrjre of the Chalr of the meetin8.' Date of signlng.. 25/£J Name of the Chalr of the meetlng.. Rev Allstalr Lowe delete or clrcle a5 approprlate Page 22 Independent Examlner's Report to the Trustees of the Plymouth and Devonport Methodist Clrtult Char6ty reglstratlon nLFmber,' 1134211 Responslblllties and ba515 of report I report to the trustee5 on my exarnlnation of the accounts of the Plymouih and Devonport Methodtst Circuit for the yea¥ ended 31 August 2025 set out on page5 10 to 21. As the Clrcuit's trustees. you are responsible for the pieparatlon of the accounts In accordance wlth the requirements of the Charities Act 20111'the Act'l. I report In respett of my examination of the Circuit's accounts carrled out under sectlon 145 of the Act and. in carrying out rny examlnation, I have followed all the appllcable Dire¢tlons glven by the Charlty Comrnisslon under sectton 14515llbl of the Act. Indepèndent Examlnèr's Statement The Circuit's 8r055 Income exceeded £250,000 and l am quallfied to undertake the exarnination by belng a quallfied member of The Instltute of Chartered Accountants in England and Wales. I have completed my examinatlon. I confirm that no materlal matter5 have come to my atten￿On in connectlon with the examlnailoth whlch 8ive me cause to belleve that in, any material respecE'. the accountlng records were not kept In accordance wlth sectlon 130 of the Art,. or the accotjnts do not accord wlth the accountlng records,. or the accounts do not comply wSth the applltable requirement5 concernlng the form and colltent of accounts set out In the Charltles (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a 'true and faSr' view, whlch 15 not a matier considered as part of an Independent examSnation,' or the trustees, annual report Is not cgn51stent wlth the accounts. I have no concerns and h3ve come acr055 no other matters In connectlon wlth the examlnatlon to which attentlon should be drawn In thls report in order to enable a piopèr understandlng of the accounts to be reached. I have obtained Independent vertrication of all tnvestment5 W4th the Trustee5 for Methodlst Church Puiposes or held In other trusts, bank balances and funds at the Central Flnance 8oard of the Methodist Church whSch are individualty in excess of £lO,C (ten thousand poundsl at the balante sheet date. Sl8nature of Independent examiner.. Name of Independent examlner.. John Hillter Relevant prolesslonal quaiificatlon Df Independent examine FCA Name offlrm: R T Marke & Co Ilmlted Address '. 6 Houndlscornbe Road Plyrnoyth Devon PL4 6HH Date.. 04 Mar 2026 Pa8e 23 Plymouth and Oevonport Methodlst Clrcult ManaEement Informatlon for the Year Ended 31 August 202S The followlns pa8e does not lom part of the statutory consolldated flnanclal statemènis. PaBe 24 Plymouth and Devonport Methodist Ctrcult Deta51ed staternenl of Ilnan¢lal a¢tlvitles for the Year Et7ded 31 August 2025 2025 2024 INCOME Clrcult assessments- cur¥ent yeai Circu5t aSSeS5ments- previous underlover payments wrltten off Donations Dividends Bank interest recelvable Fund released from Connexlon to go towaTds Ore5ton costs Transfer In ol funds from closed churches Sale of Mlllbrook church Rental Income 4 The Elms Oreston Income Other Income 375.937 49,242 361,300 10,987 1.431 12,699 105,478 20,338 1,076 18,616 131,072 4.434 23,496 591 604.464 5,388 8,393 526,014 DIREcf CHARITA8LE EXPENDITURE Grants paid Wages, salaries. stlpend5 and other Staff costs Water Councll tax Insurance Cleanlng Repalrs and malntenance Orè5ton expenses Tialning QuSnquennlals TMCP- D¢strict levy Support costs of connexion and distrlct Professional fees Telephones Publlcatlons Depreciation Steward5 Costs Lw on sale of Mlllbrook church Sundrles Graveyard costs ClrcuSt plans 5,CKIO 198,284 2,608 13,684 15,891 2,619 31.668 14,902 371 7.450 9,863 73,118 1,775 4,172 125 558 71 28,429 3.251 2,S42 14,979 303,549 2,590 13,710 14.758 1,565 9,382 18.595 1,364 6,278 79.180 11,825 4,618 11021 558 1,165 18 2,525 42S 467,024 416,381 MANAGEMENT AND ADMINISTRATION Adminlstrètlon, postaee and stationery Independent rewew and accountancy Fund management char8es 4.S23 9,340 1,087 14.9SO 3,161 7.925 736 11,822 TOTAL EXPENDITURE 431,331 478,846 Unreallsed galnslllossesl on investments 143 3,663 NET IDEFICITIIINCOME before exceptlonal Items 173,276 50,831 Imp31ment of Ore5ton 167.2601 MOVEMENT IN FUNDS 173,276 16.4291 Page 25 ## **SIGNATURE CERTIFICATE** ## Document Name **PDMC signed financial statements 2024-25.pdf** Creator **Jane Jones (JaneJones@condymathias.co.uk)** Date **04 March 2026 12:19:12 UTC** Identifier **6f000605-86d7-4d46-802d-85d60b2023fc** ## Signers ## **John Hillier** E-mail **JohnHillier@condymathias.co.uk** Signed **04 March 2026 12:26:59 UTC** IP address **151.2.157.42**