Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
REGISTERED CHARITY NUMBER: 1134227
SANKEY VALLEY METHODIST CIRCUIT
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 6 |
| Report of the Independent Auditors | 7 to 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 |
| Cash Flow Statement | 12 |
| Notes to the Cash Flow Statement | 13 |
| Notes to the Financial Statements | 14 to 30 |
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Our Purpose and Activities
The Circuit's aim is to advance the Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church for the benefit of the public. We confirm that the Trustees had regard to the Charity Commission's guidance on public benefit, and, specifically, the guidance relating to charities for the advancement of religion.
The calling of the Methodist Church is to respond to the Gospel of God's love in Christ and to live out its discipleship in worship and mission. It does this through worship, learning and caring service and evangelism.
The Mission plan of the Sankey Valley Circuit (as agreed by the March 2025 Circuit Meeting) is to actively seek to celebrate and share the unconditional love of God by encouraging, resourcing and enabling the people and churches of the Circuit to serve their communities and the wider world.
To develop this mission we:
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Support churches that seek to provide alternative styles of worship, locations and times.
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Support prayer initiatives throughout the circuit.
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Encourage people to explore a calling to Local Preaching / Worship Leading / Ministry.
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Continue to develop livestreaming and resources across the circuit.
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Encourage "intentional evangelism" and "micro-mission activities".
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Affirm, by equipping and encouraging, our belief that everyone is called to be an evangelist.
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Explore the opportunities of engaging with the connexional "God For All" Evangelism and Growth Strategy.
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Use our human and financial resources to encourage and equip churches to engage in mission.
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- Provide opportunities for people to learn & grow in faith & discipleship.
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Encourage & support churches in the pastoral care & nurture of church members & people in their local community.
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Use human & financial resources to encourage and equip churches in sharing the Good News of Jesus.
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Encourage churches to impact beyond the walls of our buildings.
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Commit itself to become more environmentally sustainable.
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Support local churches and their communities.
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Employ presbyters and deacons to provide pastoral support to all those who are linked to the Methodist churches in the Circuit and to facilitate mission opportunities.
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Provide Lay Employees to support our ministers and assist in the mission of our churches.
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Support the Nutgrove Methodist Aided Primary School.
Safeguarding
The Trustees of the Circuit recognise that the safety of children, young people and vulnerable adults is paramount.
The Circuit has a robust safeguarding policy in place and each of the Methodist Churches within the Circuit have approved and adopted a safeguarding policy. These policies apply to trustees, staff and volunteers and provide a commitment to safe recruitment, selection and vetting. The Circuit's policy is reviewed annually and the last review was by the Circuit Meeting in June 2025.
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SANKEY VALLEY METHODIST CIRCUIT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
ACHIEVEMENTS AND PERFORMANCE
The Circuit wants to be a dynamic, Spirit-led Circuit, that people appreciate being a part of. The aim is to deliver this God's unconditional love through an emphasis on worship, service, learning and caring and evangelism.
Other key achievements in the year have been:
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Holding a number of away days and periods of discernment to develop the future strategy for the Circuit resulting in the production of a Circuit Purpose and Action Plan for 2025-2030.
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Working as part of the new North West England District.
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Holding a special Circuit service in July 2025 to celebrate the 500th Anniversary of William Tyndale translating the first Bible in English.
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The work of Nutgrove School featuring in the Methodist Connexion magazine.
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Padgate Methodist celebrating their 150 year anniversary in April 2025.
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That Circuit Meeting trustees agreed a grant of £72,000 to support the redevelopment of Lymm Methodist Church.
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- Continued support of 3 Generate with 50 youngsters attending the 3 Generate celebration in October 2024.
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Holding a Circuit service in September 2024 to celebrate those who volunteer and work with Children and Young People.
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Celebrating the service and pastoral oversight of Rev Mark Coles as he retired in August 2024. Rev Mark Harwood re-invited to serve in the Circuit until August 2027.
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That Circuit Meeting trustees have agreed to the appointment of a part-time Supernumerary in the Circuit for 1 year.
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- That Circuit Meeting trustees have agreed to enter stationing for the possibility of a Circuit Superintendent, a Probationer Minister and a Deacon being stationed in the Circuit from 1st September 2026.
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That Circuit Meeting trustees have agreed to investigate the sale of Wesley Church, St Helens, to St Helens Council.
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The appointment of Gillian Downey as Circuit Manager from October 2024.
FINANCIAL REVIEW
Financial position
Overall there was a net surplus for the year of £213k, compared to a net deficit of £332k in 2023/24.
The churches at Burtonwood, Sutton (New Street) and Hood Manor were sold in the year.
Excluding the donated churches, the year saw deficit of £357k compared to deficit of £332k in 2023/24. The Circuit trustees have committed to use reserves to support the running of the Circuit whilst the strategic review is completed.
Principal funding sources
The principal ongoing funding source of the Charity were the assessments of £344k paid by the Circuit's churches towards the Charity's operating costs for the year.
Investment policy and performance
Under Methodist Standing Orders the proceeds from the sale of manses and chapels must be invested with the Trustees for Methodist Church Purposes. Other funds not immediately required are deposited with the Central Finance Board of the Methodist Church
Reserves policy
The Trustees consider that an appropriate level of General Reserves to provide an adequate working balance would be between three and four and a half months costs, which equates to between £170,000 and £255,000 based on the 2024/25 accounts expenditure.
As at the 31 August 2025, the General Fund balance (excluding Fixed Assets) was £116,000.
In addition, the Circuit held £1,275,000 in Designated Funds as at 31 August 2025 after excluding the Revaluation Reserve. The purpose of these funds is set out in Note 22 to the Financial Statements.
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Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
FINANCIAL REVIEW
Going concern
The Trustees confirm that there is a reasonable expectation that the Charity will continue to receive contributions from the Circuit churches and can therefore continue in operational existence. Accordingly, the going concern basis has been adopted in preparing the Circuit's financial statements.
Collaborative arrangements with connected charities
The members of the Circuit Meeting are the trustees of the Jackson Trust, a registered charity (No. 505907) whose object is to make gifts to those deemed deserving or in need of help who are on the community role of those Circuit Churches which were part of the former Warrington Circuit. The Circuit appoints three individual Managing Trustees to look after the day to day running of the Trust and to make decisions relating to grant approvals. During 2024/25, the Trust made £3,097 in grants. As at 31st August 2025, the Trust held investments valued at £92,150.
Three trustees of the Circuit are trustees of the Fred Pendlebury Trust (FPT) [Charity Reg. No. 242863] by virtue of the post they hold within the Circuit, with the remaining two trustees being the Mayor of Warrington and Chair of Stockton Heath Parish Council. The FPT's object is to assist either generally or individually persons of 50 years of age or over who were born or are resident in the Warrington area who are in conditions of need, hardship or distress by offering grants to cover the costs of items such as kitchen appliances and domestic furnishings. In 2024/25, the FPT gave grants of £27,242 and at 31 August 2025 held investment funds valued at £1,134,057.
As their trustees do not act under the direction of the Circuit Meeting, the above charities do not meet the definition for consolidation as set out in the Charity SORP 2005.
FUTURE PLANS
Our plans for the coming year include:
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Creating implementation plans for the Circuit Purpose and Action Plan 2025-2030.
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Setting up of a sub-committee to carry out a staffing and sustainability review for the Circuit to guide future ministry, mission and stationing requirements.
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Selling a manse in South Warrington and look at purchasing a manse in North East Warrington. This Trustee decision is to support entering stationing for a probationer minister. If successful, the minister would serve and work in the North East Warrington part of the Circuit.
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The commencement of the redevelopment of Lymm Church.
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Continuing projects to look at sale of Wesley, Bold Street and Nutgrove churches.
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Stockton Heath Church celebrating the 120 year anniversary of the Church building in Autumn 2025.
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Exploring support for the Trinity Church Safe Space asylum seeker project.
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The development of a new Circuit website.
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Training on aspects of technology that support the Circuit and churches within the Circuit,e.g. Social Media.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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SANKEY VALLEY METHODIST CIRCUIT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
The Circuit is part of the North West England District of the Methodist Church of Great Britain. Each district, circuit and Methodist church whilst being a separate charity is governed by the Deed of Union 1932, Methodist Church Act 1932 and by the Methodist Church's Standing Orders. Local Ecumenical Partnerships each have their own Constitution or Sharing Agreement.
At the end of the year, the Circuit comprises 15 Methodist churches and a Methodist/United Reform shared church.
The Circuit pays the Methodist ministers and lay employees who support its churches and acts as managing trustees for the ministers' manses.
The decision making body is the Circuit Meeting who are its Trustees. During the year, the Circuit Meeting was made up of the Circuit Ministers, those Supernumerary ministers who wished to be a trustee, the Circuit Stewards, other Circuit Officials appointed by the Circuit Meeting, Church Treasurers (or an alternative person approved by the Circuit Meeting), a Church Steward and one elected representative from each Church.
The decisions of the Circuit Meeting are implemented through a Circuit Leadership Team, which has appointed a number of other committees responsible for specific areas of work.
The Circuit Leadership Team is continually developing procedures for the consideration of the risks that face the Circuit and the steps that can be taken to mitigate these risks. Robust procedures are in place in respect of safeguarding children and vulnerable adults.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1134227
Principal address
Circuit Resource Centre 1st Floor, Penketh Methodist Church Chapel Road Penketh Warrington WA5 2NB
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Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
Trustees
Revd A Moffoot
The Trustees who comprised the Circuit Leadership Team during the year were:
Ministers
Revd A Moffoot (Superintendent) Revd M Coles Revd L Bishop Revd J Tresise Revd M Harwood Deacon H Coleman
Circuit Stewards
Mrs M Reeve (Senior) Mr A Rogers (Treasurer) Mr G Pegg (Oversight/Governance) Revd I Musgrove Mrs S Francis Mrs V Palmer Dr T Rhodes
Auditors
Murray Smith LLP Chartered Accountants Statutory Auditors Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU
Solicitors
Sintons LLP The cube Barrack Road Newcastle-upon-Tyne NE4 6DB
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SANKEY VALLEY METHODIST CIRCUIT
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Cooperative Bank Plc PO Box 250 Skelmersdale WN8 6WT Central Finance Board of Methodist Church 9 Bonhill Street London EC2A 4PE
Custodian Trustees
Trustees for Methodist Church Purposes Central Buildings Oldham Street Manchester M1 5JQ
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
24-06-2026
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Revd A Moffoot - Trustee
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SANKEY VALLEY METHODIST CIRCUIT
Opinion
We have audited the financial statements of Sankey Valley Methodist Circuit (the 'charity') for the year ended 31 August 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice).
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In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 August 2025 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
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 Auditors' 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 UK, including the FRC'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.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
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.
In connection with our audit of the financial statements, 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 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:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information and explanations we require for our audit.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SANKEY VALLEY METHODIST CIRCUIT
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, 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.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 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 a Report of the Independent Auditors 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The audit procedures designed to identify irregularities included:
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Enquiry of management and those charged with governance around actual and potential litigation and claims;
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- Enquiry of company staff with responsibilities for compliance matters to identify any instances of non-compliance with laws and regulations;
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Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
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Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.
There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, intentional misrepresentations or through collusion.
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 Report of the Independent Auditors.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF SANKEY VALLEY METHODIST CIRCUIT
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 auditors' 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 the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Murray Smith LLP Chartered Accountants Statutory Auditors Darland House 44 Winnington Hill Northwich Cheshire CW8 1AU 26-06-2026 Date: .............................................
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Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Charitable activities 5 Charitable Activities Other trading activities 3 Investment income 4 Other income 6 Total EXPENDITURE ON Raising funds 7 Charitable activities 8 Charitable Activities Other 11 Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds 22 Other recognised gains/(losses) Gains/(losses) on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 571,285 390,745 44,669 56,684 14,316 1,077,699 5,686 722,239 135,669 863,594 26 214,131 3,145 - 217,276 6,946,828 7,164,104 |
Restricted funds £ 2,493 - - 1,464 - 3,957 - 5,001 - 5,001 - (1,044) (3,145) - (4,189) 37,806 33,617 |
2025 Total funds £ 573,778 390,745 44,669 58,148 14,316 1,081,656 5,686 727,240 135,669 868,595 26 213,087 - - 213,087 6,984,634 7,197,721 |
2024 Total funds £ 10,414 409,102 51,622 12,058 21,708 504,904 4,136 592,614 (24,736) 572,014 (10,220) (77,330) - (254,496) (331,826) 7,316,460 6,984,634 |
|---|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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SANKEY VALLEY METHODIST CIRCUIT
BALANCE SHEET 31 AUGUST 2025
| Notes FIXED ASSETS Tangible assets 16 Investment property 17 CURRENT ASSETS Debtors 18 Investments 19 Cash at bank and in hand CREDITORS Amounts falling due within one year 20 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 22 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 2024 £ £ 3,212,726 4,689,584 2,560,000 1,001,000 5,772,726 5,690,584 53,749 39,715 13,644 13,618 1,438,993 1,340,835 1,506,386 1,394,168 (81,391) (100,118) 1,424,995 1,294,050 7,197,721 6,984,634 7,197,721 6,984,634 7,164,104 6,946,828 33,617 37,806 7,197,721 6,984,634 24-06-2026 |
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The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Moffoot - Trustee
The notes form part of these financial statements
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SANKEY VALLEY METHODIST CIRCUIT
CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash used in operating activities Cash flows from investing activities Sale of tangible fixed assets Sale of investment property Interest and dividends from investments Purchase of investments Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2025 £ (399,418) (399,418) 439,428 - 58,148 - 497,576 98,158 1,340,835 1,438,993 |
2024 £ (61,281) (61,281) - 1,102,802 12,058 (10,504) 1,104,356 1,043,075 297,760 1,340,835 |
|---|---|---|
The notes form part of these financial statements
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SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net income/(expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Losses on investments Loss on disposal of fixed assets Gain on current investments Gain on revaluation of fixed assets Interest and dividends from investments Donated churches (Increase)/decrease in debtors (Decrease)/increase in creditors Net cash used in operations 2. ANALYSIS OF CHANGES IN NET FUNDS At 1.9.24 £ Net cash Cash at bank and in hand 1,340,835 1,340,835 Liquid resources Deposits included in cash - Current asset investments 13,618 13,618 Total 1,354,453 |
2025 £ 213,087 858 - 47,572 (26) - (58,148) (570,000) (14,034) (18,727) (399,418) Cash flow £ 98,158 98,158 - 26 26 98,184 |
2024 £ (77,330) 954 92,198 - (978) (81,000) (12,058) - 2,074 14,859 (61,281) At 31.8.25 £ 1,438,993 1,438,993 - 13,644 13,644 1,452,637 |
|---|---|---|
The notes form part of these financial statements
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SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The Circuit meets the definition of a public benefit entity under FRS 102.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Summary of significant accounting policies
Funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity 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 charity for particular purposes. The cost 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.
Income recognition
Items of income are recognised and included in the accounts when all of the following criteria are met:
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The charity has entitlement to the funds;
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Any performance conditions attached to the items of income have been met or are fully within the control of the charity;
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There is sufficient certainty that receipt of the income is considered probable; and
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The amount can be measured reliably.
Expenditure recognition
Expenditure is recognised as soon as there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
Project grants made by the Circuit are recognised in full when approved by the Trustees and, in the case of property projects, any requisite District and/or Connexional approval has been obtained. In addition, there must be certainty that the project as approved will proceed and that the amount approved will be drawn down.
As the Circuit is not able to recover Value Added Tax (VAT), any VAT payable is charged with the expenses to which it refers.
Support costs allocation
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. They are incurred directly in support of expenditure on the objects of the charity and allocated in accordance with Ministerial and staff time.
The analysis of these costs is included in note 8.
continued...
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SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
1. ACCOUNTING POLICIES - continued
Summary of significant accounting policies
Tangible Fixed Assets
The Circuit's manses were valued at July 2025 using professional valuations. No depreciation is provided on these buildings because the Trustees consider the current residual fair values (on the assumption that they had reached the end of their useful economic life by the year-end) to be not less than the current valuations. The properties have been reviewed for impairment.
Furniture and Equipment for manses or other Circuit property costing over £1,000 is capitalised with depreciation being calculated on a 10% straight line basis so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset.
On the closure of Methodist churches, the Circuit Meeting generally becomes the managing trustees for the property. Where the Circuit Meeting resolves to sell the property, it is not treated as a Fixed Asset and the net proceeds of sale are included in the accounts as "Other Income" on receipt of the funds.
Investment property
Investment property is included at fair value. Gains are recognised in the income statement.
Investments
The investments of the Circuit are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP. The unrealised gains arising on investments at the year-end are shown in the Statement of Financial Activities.
Debtors and creditors; bank and cash
Debtors are stated at the amounts owed to the Circuit or prepaid. Creditors that are current liabilities are measured at the cash or other consideration expected to be paid. The liquid funds of bank balances and deposit account balances are shown at the realisable values.
Concessionary loans
Where concessionary loans (i.e. free of interest) are made by the Circuit to further its charitable purposes, and are repayable after more than one year, they are initially recognised at the amount paid, with the carrying value adjusted in subsequent years to reflect repayments, adjusted for any impairment, if necessary.
Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Page 15
continued...
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
2. DONATIONS AND LEGACIES
| Unrestricted funds £ Donations to Charity Fund - Donations to Children/YP Fund - Donated Churches 570,000 Donations to General Fund 1,285 571,285 3. OTHER TRADING ACTIVITIES Unrestricted funds £ Letting of manses 44,669 4. INVESTMENT INCOME Unrestricted funds £ Interest and dividends 56,684 5. INCOME FROM CHARITABLE ACTIVITIES Activity Church assessments Charitable Activities Lettings of community centre and rooms Charitable Activities Printing recharges Charitable Activities Other income Charitable Activities |
Restricted funds £ 2,493 - - - 2,493 Restricted funds £ - Restricted funds £ 1,464 |
2025 Total funds £ 2,493 - 570,000 1,285 573,778 2025 Total funds £ 44,669 2025 Total funds £ 58,148 2025 £ 343,638 46,233 540 334 390,745 |
|
|---|---|---|---|
Page 16
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Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
| 6. OTHER INCOME Unrestricted funds £ Closed Churches 14,316 7. RAISING FUNDS Raising donations and legacies Unrestricted funds £ Management cost on let manses 2,469 Investment management costs 3,217 5,686 8. CHARITABLE ACTIVITIES COSTS Charitable Activities 9. DIRECT COSTS OF CHARITABLE ACTIVITIES Staff costs Connexional / District Assessments Other property expenses Grants and Donations Other costs Travel & expenses Loss on sale of assets |
Restricted funds £ - Restricted funds £ - - - Direct Costs (see note 9) £ 527,806 |
2025 Total funds £ 14,316 2025 Total funds £ 2,469 3,217 5,686 Support costs (see note 10) £ 199,434 2025 £ 232,102 89,913 22,093 77,001 37,207 21,918 47,572 527,806 |
|
|---|---|---|---|
continued...
Page 17
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
10. SUPPORT COSTS
| Charitable Activities Support costs, included in the above, are as follows: Other Wages Social security Pensions Manse costs Connexional / District Assessments Circuit Resource Centre Other costs Governance costs Wages Social security Pensions Auditors' remuneration Manse costs Connexional / District Assessments Circuit Resource Centre Other costs |
Governance Other costs £ £ 152,269 47,165 2025 Charitable Activities £ 25,068 2,719 931 115,104 2,615 4,028 1,804 152,269 2025 Charitable Activities £ 18,766 1,472 1,861 9,680 6,058 5,090 711 3,527 47,165 |
Totals £ 199,434 2024 Total activities £ 17,317 1,223 1,921 96,670 5,448 3,417 4,091 130,087 2024 Total activities £ 16,303 1,046 2,476 13,141 5,088 5,626 603 4,601 48,884 |
|---|---|---|
continued...
Page 18
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
11. OTHER
| Unrestricted Restricted funds funds District advance fund levy on Circuit Model Trust Fund 60,570 - Manse selling costs 1,730 - Closed churches - management costs 73,369 - Pension reserve fund contribution - - 135,669 - 12. AUDITORS' REMUNERATION Fees payable to the charity's auditors for the audit of the charity's financial statements |
2025 Total funds £ 60,570 1,730 73,369 - 135,669 2025 £ 9,680 |
2024 Total funds £ 651 - 57,113 (82,500) (24,736) 2024 £ 13,141 |
|---|---|---|
13. TRUSTEES' REMUNERATION AND BENEFITS
Included within Charitable Activities is the remuneration of Circuit ministers who under Methodist Standing Orders are ex officio members of the Circuit Meeting and therefore trustees of the charity. The other trustee receiving remuneration was the Circuit Safeguarding Officer.
Trustees' expenses
Expenses paid to trustees comprised travel/telephone costs to Circuit Ministers, travel costs to Circuit Stewards and Lay Preachers who were trustees, and preaching fees/travel costs to Circuit Supernumerary Ministers who were trustees. The number of trustees receiving expenses and the total paid were:
| 2025 | 2024 | |
|---|---|---|
| Number of trustees who were paid expenses | 5 | 7 |
| Total amount paid | 23,796 | 17,477 |
Pensions
Most ordained presbyters and deacons are members of the Methodist Ministers' Pension Scheme, a funded defined benefit scheme maintained by the Methodist Church of Great Britain. Each circuit is required to contribute to the scheme for its ministers whether or not they choose to join the scheme. Contributions in 2025 were 9.3% for ministers and 20.0% of standard stipend for the Circuit.
The assets of the pension scheme are held separately from those of the Circuit in independently administered funds. The actuaries are of the opinion that it is not possible to identify on a consistent and reasonable basis, the share of the underlying assets and liabilities of the scheme attributable to the Circuit. As such, it is accounted for as a defined contribution scheme under FRS102.
continued...
Page 19
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
13. TRUSTEES' REMUNERATION AND BENEFITS - continued
Pensions - continued
The Circuit's lay employees are eligible to join a defined contribution scheme established by The Pensions Trust which provides pensions for charities and not for profit and voluntary organisations on standard terms negotiated by the Methodist Church of Great Britain. Contributions to this scheme are 6% of salary for lay employees and 6% for the Circuit. Eligible lay employees (i.e. those earning over £10,000 a year) were subject to auto enrolment into a pension scheme from 1 May 2016.
14. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2025 £ 222,449 23,049 37,421 282,919 |
2024 £ 200,970 17,953 47,945 |
|---|---|---|
| 266,868 |
The average monthly number of employees during the year was as follows:
| Number of ministers Number of administrative staff |
2025 6 3 9 |
2024 6 3 |
|---|---|---|
| 9 |
No employees received emoluments in excess of £60,000.
15. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable Activities Other trading activities Investment income Other income Total EXPENDITURE ON Raising funds Charitable activities Charitable Activities |
Unrestricted funds £ 9,501 409,102 51,622 10,377 21,708 502,310 4,136 591,281 |
Restricted funds £ 913 - - 1,681 - 2,594 - 1,333 |
Total funds £ 10,414 409,102 51,622 12,058 21,708 |
|---|---|---|---|
| 504,904 | |||
| 4,136 592,614 |
continued...
Page 20
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
| 15. COMPARATIVES FOR THE STATEMENT OF FINANCIAL Other Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Other recognised gains/(losses) Gains/(losses) on revaluation of fixed assets Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 16. TANGIBLE FIXED ASSETS Land & Buildings - Manses £ COST OR VALUATION At 1 September 2024 2,805,000 Disposals - Reclassification 400,000 At 31 August 2025 3,205,000 DEPRECIATION At 1 September 2024 - Charge for year - At 31 August 2025 - NET BOOK VALUE At 31 August 2025 3,205,000 At 31 August 2024 2,805,000 |
ACTIVITIES - Unrestricted funds £ (24,736) 570,681 (10,220) (78,591) (254,496) (333,087) 7,279,915 6,946,828 Land & Buildings - Community Centres £ 1,876,000 (487,000) (1,389,000) - - - - - 1,876,000 |
continued Restricted funds £ - 1,333 - 1,261 - 1,261 36,545 37,806 Fixtures and fittings £ 36,344 - - 36,344 27,760 858 28,618 7,726 8,584 |
Total funds £ (24,736) 572,014 (10,220) (77,330) (254,496) (331,826) 7,316,460 6,984,634 Totals £ 4,717,344 (487,000) (989,000) 3,241,344 27,760 858 28,618 3,212,726 4,689,584 |
|
|---|---|---|---|---|
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Page 21
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
16. TANGIBLE FIXED ASSETS - continued
Cost or valuation at 31 August 2025 is represented by:
| Valuation in 2025 Cost |
Land & Buildings - Manses £ 1,298,185 1,906,815 3,205,000 |
Fixtures and fittings £ - 36,344 36,344 |
Totals £ 1,298,185 1,943,159 3,241,344 |
|---|---|---|---|
Land and buildings were valued on an open market basis on 31 July 2025 by Roger Hannah.
17. INVESTMENT PROPERTY
| FAIR VALUE At 1 September 2024 Additions Reclassification At 31 August 2025 NET BOOK VALUE At 31 August 2025 At 31 August 2024 |
£ 1,001,000 570,000 989,000 |
|---|---|
| 2,560,000 | |
| 2,560,000 | |
| 1,001,000 |
Land and building manses consist of freehold properties (£3,520,000).
On the sale of a manse where the proceeds are not being applied to a replacement project, a levy is payable under Methodist Standing Orders to the Connexional Priority Fund of 20% on the first £100,000 and 40% on the balance. As at 31 August 2025, the amount payable on the sale of all the manses would be £1,268,000.
Fair value at 31 August 2025 is represented by:
| Fair value at 31 August 2025 is represented by: | |
|---|---|
| Valuation in 2025 Cost |
£ (582,425) 3,142,425 |
| 2,560,000 |
continued...
Page 22
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
| 18. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 19. CURRENT ASSET INVESTMENTS Current investments 20. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals and deferred income 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restricted funds funds £ £ Fixed assets 3,212,726 - Investments 2,560,000 - Current assets 1,472,769 33,617 Current liabilities (81,391) - 7,164,104 33,617 |
|||
|---|---|---|---|
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Page 23
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
22. MOVEMENT IN FUNDS
| Unrestricted funds General fund Children & Youth Circuit Model Trust Fresh Expressions Local Preacher Fund Manse Maintenance Mission Fund Nutgrove Community Centre Revaluation Reserve Fixed Asset Fund Restricted funds Charity Fund Fresh Expressions TOTAL FUNDS |
At 1.9.24 £ 931,664 8,780 174,985 4,941 2,034 40,000 86,683 7,157 715,760 4,974,824 6,946,828 3,183 34,623 37,806 6,984,634 |
Net movement in funds £ 424,371 (8,510) (202,541) - - - 628 1,041 - (858) 214,131 (2,508) 1,464 (1,044) 213,087 |
Transfers between funds £ (1,240,000) 2,000 944,000 3,145 - - 211,000 - - 83,000 3,145 - (3,145) (3,145) - |
At 31.8.25 £ 116,035 2,270 916,444 8,086 2,034 40,000 298,311 8,198 715,760 5,056,966 7,164,104 675 32,942 33,617 7,197,721 |
|---|---|---|---|---|
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Children & Youth Circuit Model Trust Mission Fund Nutgrove Community Centre Fixed Asset Fund Restricted funds Charity Fund Fresh Expressions TOTAL FUNDS |
Incoming resources £ 1,007,933 - 47,076 957 21,733 - 1,077,699 2,493 1,464 3,957 1,081,656 |
Resources expended £ (583,583) (8,510) (249,622) (329) (20,692) (858) (863,594) (5,001) - (5,001) (868,595) |
Gains and losses £ 21 - 5 - - - 26 - - - 26 |
Movement in funds £ 424,371 (8,510) (202,541) 628 1,041 (858) 214,131 (2,508) 1,464 (1,044) 213,087 |
|---|---|---|---|---|
continued...
Page 24
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
22. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund Children & Youth Circuit Model Trust Fresh Expressions Local Preacher Fund Manse Maintenance Mission Fund Nutgrove Community Centre Revaluation Reserve Fixed Asset Fund Restricted funds Charity Fund Fresh Expressions TOTAL FUNDS |
At 1.9.23 £ 110,489 7,442 5,797 4,441 1,784 34,000 51,300 4,628 2,079,631 4,980,403 7,279,915 3,603 32,942 36,545 7,316,460 |
Net movement in funds £ (371,825) (662) 169,188 500 250 6,000 35,383 2,529 (173,496) (954) (333,087) (420) 1,681 1,261 (331,826) |
Transfers between funds £ 1,193,000 2,000 - - - - - - (1,190,375) (4,625) - - - - - |
At 31.8.24 £ 931,664 8,780 174,985 4,941 2,034 40,000 86,683 7,157 715,760 4,974,824 6,946,828 3,183 34,623 37,806 6,984,634 |
|---|---|---|---|---|
Page 25
continued...
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
22. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Children & Youth Circuit Model Trust Fresh Expressions Local Preacher Fund Manse Maintenance Mission Fund Nutgrove Community Centre Revaluation Reserve Fixed Asset Fund Restricted funds Charity Fund Fresh Expressions TOTAL FUNDS |
Incoming resources £ 466,193 8,051 3,738 - - - 2,335 21,993 - - 502,310 913 1,681 2,594 504,904 |
Resources expended £ (745,820) (8,713) 164,472 500 250 6,000 33,048 (19,464) - (954) (570,681) (1,333) - (1,333) (572,014) |
Gains and Movement losses in funds £ £ (92,198) (371,825) - (662) 978 169,188 - 500 - 250 - 6,000 - 35,383 - 2,529 (173,496) (173,496) - (954) (264,716) (333,087) - (420) - 1,681 - 1,261 (264,716) (331,826) |
|---|---|---|---|
Page 26
continued...
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
22. MOVEMENT IN FUNDS - continued
Purposes of Restricted Income Funds
Charity Fund - Monies received for the benefit of the Circuit's nominated charity.
Fresh Expressions - This fund holds the monies transferred to the custody of the Circuit in 2008 by Deed of Appointment from the Withinshaw Trust. The monies are lodged with the Central Finance Board and the Circuit Meeting has agreed that they should be "Restricted", with the interest being transferred each year to the Fresh Expressions Unrestricted Income Fund.
Purposes of Designated Unrestricted Income Funds
Local Preacher Fund - This comprises monies from three bequests and is to be used for providing training grants to Local Preachers. The Bridge Bequest was previously a Restricted Income Fund while the other two bequests were previously part of the General Fund.
Children and Youth - This fund holds monies allocated by the Circuit Meeting for work amongst children and young people of the Circuit.
Circuit Model Trust Fund - This fund receives the proceeds of sale of manses and churches and is used to fund property and mission projects approved by the Trustees subject to rules set by the Methodist Connexion.
Fresh Expressions - This fund holds monies allocated by the Circuit Meeting to help develop "fresh ways of being church".
Manse Maintenance - This fund holds unspent budget monies from previous years which are to be made available to the Property Stewards in future years for major cyclical repairs.
Mission Fund - This comprises monies received from church's trustees on the closure of churches and from other Methodist funds which were previously treated as Restricted, which the Trustees have agreed to be designated for Mission initiatives.
Nutgrove Community Centre - This fund holds the balance of income received after paying out operational expenses, which Trustees have agreed should be held to meet future maintenance and to contribute towards the cost of Deacon working in the Nutgrove community.
Revaluation Reserve - In accordance with FRS 102 this Fund is credited / expensed with gains / losses on the revaluation of fixed assets.
Transfers between funds
The reasons for the transfers between funds were as follows:
| From Fund | To Fund | Reason | Amount |
|---|---|---|---|
| General | Children & Youth | Annual allowance agreed by Circuit | £2,000 |
| Meeting | |||
| Circuit Model Trust | General | Net rent transfer for the year | £5,000 |
| Fresh Expression | Fresh Expression | Interest on Fresh Expressions capital | £3,145 |
| Restricted | Designated | account transferred |
continued...
Page 27
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
23. CAPITAL COMMITMENTS
| CAPITAL COMMITMENTS | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Contracted but not provided for in the financial statements | - | - | |||
| RELATED PARTY DISCLOSURES | |||||
| Related Party |
Description of transaction | 2025 | 2024 | ||
| £ | £ | ||||
| Income: | |||||
| Circuit Churches |
Assessments to fund Circuit | 343,638 | 343,525 | ||
| Operating costs | |||||
| Circuit Churches |
Repayment of loan instalment | 1,200 | - | ||
| Pendlebury Trust |
Contribution to admin costs | 300 | 300 | ||
| Expenditure: | |||||
| Circuit Churches |
Grants | 72,000 | - | ||
| Liverpool District |
District & Connexion costs | - | 100,320 | ||
| Liverpool District Advance Fund |
Levy on Model Trust Fund | - | 651 | ||
| North West England District |
District & Connexion costs | 97,617 | - | ||
| North West England District |
Levy on Model Trust Fund | 60,570 | - | ||
| Methodist Connexional Funds |
Levy on sale of Manse | 185,732 | 282,167 |
24. RELATED PARTY DISCLOSURES
25. TAXATION
The Circuit is a registered charity and is entitled to claim annual exemption from UK corporation tax to the extent that income and gains are applicable and applied to charitable purposes only.
26. PERSONS WHO SERVED AS A TRUSTEE OF THE CIRCUIT FOR ALL OR PART OF THE YEAR
Ministers stationed in the Circuit:
Revd A Moffoot Revd L Bishop Deacon Helen Coleman Revd M Coles (Stepped down August 2025) Revd M Harwood Revd Jeremy Tresise
Circuit Stewards:
Mrs M Reeve Mr G Pegg (Governance/Circuit Meeting Secretary) Mr A Rogers (Treasurer) Revd I Musgrove Mrs S Francis Mrs V Palmer Dr T Rhodes
Supernumerary ministers:
Revd I Musgrove Deacon T Luke Deacon F den Uil (Stepped down June 2025)
Other Circuit Officers :
continued...
Page 28
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
26. PERSONS WHO SERVED AS A TRUSTEE OF THE CIRCUIT FOR ALL OR PART OF THE YEAR - continued
Ms L Locke (Safeguarding Officer) Mr P Hatton (Nutgrove Methodist Voluntary Aided School) Ms R Bottell (Nutgrove Methodist Voluntary Aided School) Mrs Sue Rigby (Trusts) Mr R Verrill (Trusts) Mrs J Otterson (LP Meeting Secretary) Church Steward Representative Ms K Ahearne (Cronton) Mrs S Bowden (St Martins, Woolston) Miss M Duff (Cross Lane United) (Stepped down March 2025) Mr J Galsworthy (Latchford) Mrs D Shopland (Lymm) Mrs B Hitchen (Nutgrove) Mrs V Barber (St James, Rainhill) Mr P Ogden (Rixton) Mrs G Dickinson (Heath Street, Golborne) Mrs D Scapens (Ashton) (Stepped down March 2025) Mr K Gardam (Penketh) Mr P Bowden (Padgate) Church Finance Representative Mr T Bradshaw (Heath Street, Golborne) Mr D Bargh (St James, Rainhill) Mr G Roberts (Padgate) Mrs C Caldwell (New Song Network) Mr J Crossley (Nutgrove) Ms J Foster (Cronton) Mr J D Humbles (Stockton Heath) Mr K Long (St Martins, Woolston) Mr I Locke (Farnworth) Mr I Rayner (Penketh) Mrs B Scahill (Prescot & Whiston) Mrs M Simpson (Cross Lane United) Mrs P Hughes (Ashton) Mr G Pegg (Lymm) Mr I Wright (Rixton)
Church Elected Representative Mrs G Longs (St. Martins, Woolston) Mrs J Birkett (Nutgrove) Mrs M Davies (St. James, Rainhill) Ms S Spibey (Heath Street, Golborne) Dr B Fisher (Farnworth) Mrs A Harrison (Prescot & Whiston) Mrs P Lee (Cronton) Mrs J Sampson (Rixton) Mrs J Ormand (Latchford) Mrs J Roberts (Padgate) Mrs J Woods (Ashton) Mrs A Squires (New Song Network)
continued...
Page 29
Docusign Envelope ID: 75378ECC-21AD-80F9-82DD-5D7953298B3E
SANKEY VALLEY METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025
26. PERSONS WHO SERVED AS A TRUSTEE OF THE CIRCUIT FOR ALL OR PART OF THE YEAR - continued
Dr J Woodthorpe (Lymm)
Ms J Whitfield (Stockton Heath) (Stepped down March 2025) Mr B Williams (Cross Lane United)
Page 30