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2024-08-31-accounts

Charity registration number: 1134240

Potteries Mission Methodist Circuit

Annual Report and Financial Statements for the Year Ended 31 August 2024

Potteries Mission Methodist Circuit

Contents (continued)

Reference and Administrative Details 1
Trustee's Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8 to 9
Balance Sheet 10
Notes to the Financial Statements 11 to 20

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 09 2023 To 31 08 2024

Section A Reference and administration details

Charity name Other names charity is known by None Registered charity number (if any) 1134240 Charity's principal address 409 Ford Green Road

Potteries Mission Circuit

Norton Stoke on Trent Postcode ST6 8LX

Names of the charity trustees who manage the charity
























 Trustee name (office if any) Trustee name Trustee name
Rev. JennyDyer(Chairperson) Mr HarryBowyer Mrs Pat Austin
Rev. Joe Adams Mrs Sue Bowyer Mrs Jackie Parkes
Rev. Paul Parker Mr Rob Blurton Mrs Helen Hutt
Rev. Pam Roberts Mrs Rebecca Condliffe Mr Arthur Shaw
Mr Paul Owen Mr TerryTideswell Mr Matt Smith
Mrs Chris Thompson Mrs Linda Lawton Miss Chris Rowe
Mr Carl Farnell Ms Helen Snashall Miss Sue Ray
Mrs Sue Howie Mrs Jean Machin Mr John Smith
Mr Glenn Parkes Mr RayPerry Mrs Susan Cooke
Mrs Kath Roberts Mrs Judith Boulton Mrs Josie Cope
Mrs Dawn Birks Mr Joe Boulton Mrs Margaret Smith
Mrs Carole Foster Mrs Norma Ball Mrs LesleyLloyd
Mrs Gill Rawlinson Mr Alan Nickisson Mrs Sue Brown
Mrs Jacquie Gillon Mrs Kate Miller Mrs Margaret Seewoosaha
Dr. Ian Turner Mrs Gill Holmes Norman Prophett
Mrs June Dolan Mrs Helen Lewis Stephen Davies
Mrs Debbie Clowry Mr Shaun Gloyne HilaryHands
Mr Geoff Hill Mrs Barbara Barnes
Ms Alex Bamford Mrs HilaryHarvey
Mrs Jean Bunker Mrs Yvonne Farnell
Mrs Suzanne Moore Mr Paul Plant
Mr Robert Boardman Mrs Janet Shaw
Mrs Sue Harris Mrs Ann Stanyer
Mrs Melanie Salt Mr Kendall Prosser

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Names of the trustees for the charity, if any, (for example, any custodian trustees)

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document Deed Of Union (1932) and Methodist Church Act (1976) (eg. trust deed, constitution) How the charity is constituted (eg. trust, association, company)[Act of Parliament] Trustee selection methods Appointed by local churches and existing trustees (eg. appointed by, elected by) Ministers are automatically trustees

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

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Section C Objectives and activities

Summary of the objects of the
charity set out in its
governing document
Summary of the main
activities undertaken for the
public benefit in relation to
these objects (include within
this section the statutory
declaration that trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit)		 The purpose of the Methodist Church is and shall be deemed to have
been since the Date of Union the advancement of:
a) The Christian faith in accordance with the doctrinal standards and
discipline of The Methodist Church;
b) Any charitable purpose for the time being of any Connexional,
District, Circuit. local or other organisation of The Methodist
Church;
c) Any charitable purpose for the time being of any society or
institution subsidiary or ancillary to The Methodist Church;
d) Any purpose for the time being of any charity being a charity
subsidiary or ancillary to The Methodist Church.
The Circuit had throughout this year sixteen churches, which run weekly
services of worship (or in one case, twice-monthly). These are open to all
people, without charge. The Circuit also provides preachers for Sunday
services at the Claybourne care home run by Methodist Homes for the
Aged. In addition, the ministers of the Circuit undertake baptisms,
weddings and funerals, both for Methodist members and members of the
public who request them.
Each of the churches runs or supports various activities, including
fellowship and Bible Study groups, children’s and youth activities, lunch
clubs, and a foodbank, and fundraising for a variety of charities including
Christian Aid, Action for Children, All We Can (the Methodist Relief and
Development charity) and Methodist Homes for the Aged. In addition,
the Circuit runs a project in Burslem supporting people experiencing
homelessness. Meals are served every Wednesday and Saturday evening,
and church members and others are involved as volunteers, either cooking
the meals at home, or being present in the centre to serve the meals and
provide conversation and support.
We confirm that the trustees have had regard to the Charity Commission’s
guidance on public benefit.

Additional details of objectives and activities (Optional information)

Youmay chooseto include
further statements, where
relevant, about:
•policy on grantmaking;
•policy programme related
investment;
•contribution made by
volunteers.		 The Circuit Model Trust Fund, following the purchase of a new manse,
had a balance at the year end of August 2024 of £267,647.22. This fund
derives from sales of chapels and manses. In addition, a sum of
£507,631.77 from legacies was also held on the Model Trusts. Model
Trust funds are restricted by the Conference. This restriction is an internal
regulation though the fund can be used for a variety of purposes.
£272,614.40 was held in a permanent endowment fund for the relief of
poverty. The income from this fund is used for the support of the Night
Shelter and foodbank, and other local charitable causes.

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Section D Achievements and performance

The year began with some changes to our staff team. One of our co- Summary of the main Superintendents, Revd Linda Catlow, left in August 2023 to move to a achievements of the charity during the year new appointment in Lancaster, and this left Revd Jenny Dyer as sole Superintendent. In addition, Revd Joe Adams arrived from Colchester to take responsibility for most of the churches Linda had been covering. He took charge of Temple Street, Trentham, Fenton Park and West End Methodist Churches. We therefore continued to have a staff team comprising four ministers (known as Presbyters), a Lay Pastor, a Children and Families Worker and the Circuit Administrator. In addition to this staff, we continued to have the support of a District Team offering ministry at two churches with significant challenges: Longton Central Hall and Fegg Hayes. At Longton Central Hall, two lay officers from the District (Ian White and Sally Graham) continued to support moves towards the development of the back part of the Hall for housing. Two retired ministers also offered pastoral visiting (Revd Joyce Smith) and preaching support (Revd Arthur Wakelin). At Fegg Hayes, where there is a significant community centre, one retired minister (Revd Paul Clapham) offered both pastoral and preaching support. Sadly, in February 2024, our Children and Families Worker Nick Jeffries handed in his notice to move to a similar post in the neighbouring circuit. This was a disappointment to us because Nick’s work had had a significant impact at a number of our churches. We reviewed the post and readvertised it. The new appointee was Matthew Cooke, a fairly new Christian and a member of our Norton church, where he had built up a Junior Church from scratch. Matt started work in June and is lead the Open-the-Book group that is going into schools at Fegg Hayes and Norton. Matt is also running an after-school club and Junior Church at Norton, supporting Messy Church and Junior Church at Tunstall, seeking to get a new group off the ground at Fegg Hayes, and supporting the Broadway church in Meir to develop its thinking about children’s work and its links with schools. He has also been approached by some of our other churches to give advice and input. The Circuit Zoom Bible Study group has continued on Thursday evenings. During Advent and Lent and ‘Bible Month’ in June it expanded to take in more attendees. During Advent and Lent various of the churches also ran in-person study groups. In June we were glad to present long-service certificates to two Local Preachers: Paul Owen, who had been preaching for 50 years, and Joy McShee who had been preaching for 60 years. None of the full-time staff were leaving in summer 2024, but the two-year stint of the District Team was coming to an end. We entered the stationing process seeking a Deacon to work at and from Longton Central Hall and Fegg Hayes Methodist Church. [In the Methodist Church, Deacons are regarded as an Order of Ministry equal in status to Presbyters, but whereas Presbyters have a ministry of Word and Sacrament, Deacons have a ministry of Outreach and Service.] We were matched with Deacon Rachel Thomas-Prasad, who is coming to us from Birmingham, and we look forward to her arrival in September 2024.

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Section D Achievements and erformance p

During the year we had purchased a new manse meant for the incoming Deacon. Our intention was also to sell the manse that Revd Linda had vacated. Deacon Rachel however preferred the manse that Linda had vacated and so we will delay its sale while Rachel and family are in the Circuit. We intend to let out the newly bought manse, which will bring in income. It will also increase our stock of available manses to offer future ministers.

Section E Financial review The Potteries Mission Circuit has reviewed its Reserves Policy and now Brief statement of the seeks to hold a sum equivalent to at least 6 months’ average expenditure. charity’s policy on reserves This should be sufficient to meet any unforeseen item of major expenditure on manses and / or to be able to continue, in the short term, funding planned activities in the event of the closure of a large church or an inability to raise the full Circuit Assessment from churches. The Circuit is aware that it holds more in Model Trust Funds than is necessary. However, decisions have been taken gradually to reduce these funds, by subsidising the Circuit Assessment and by offering grants to churches for property and employment projects. It is anticipated that there may be further calls on this money as we seek to support Longton Central Hall in ambitious property proposals that are currently being explored. Details of any funds materially There are none. in deficit Further financial review details (Optional information)

Section F Other optional information

Section G Declaration

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

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position(eg Secretary, Chair, etc)
Date		 S.M. Howie
Revd Jennifer Margaret Dyer Mrs Sue Howie
Chair (Superintendent Minister) Circuit Treasurer
09/03/2025
09/03/2025

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Potteries Mission Methodist Circuit

Independent Examiner's Report to the trustees of Potteries Mission Methodist Circuit

I report to the trustees on my examination of the accounts of Potteries Mission Methodist Circuit for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity trustees of Potteries Mission Methodist Circuit you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Potteries Mission Methodist Circuit's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

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

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

  1. accounting records were not kept in respect of Potteries Mission Methodist Circuit as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

...................................... Daryl Denson ACMA

VAST The Dudson Centre Hope Street Stoke on Trent ST1 5DD

09/04/25 Date:.............................

Page 7

Potteries Mission Methodist Circuit

Statement of Financial Activities for the Year Ended 31 August 2024

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Gains/losses on investment assets
Net income
Gross transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Unrestricted
funds
£
150,819
305,059
66,003
521,881
(483,283)
(483,283)
351
38,949
6,923
45,872
2,889,626
2,935,498		 Endowment
funds
£
-
-
7,644
7,644
(721)
(721)
19,576
26,499
(6,923)
19,576
253,038
272,614		 Total
2024
£
150,819
305,059
73,647
529,525
(484,004)
(484,004)
19,927
65,448
-
65,448
3,142,664
3,208,112

The notes on pages 11 to 20 form an integral part of these financial statements. Page 8

Potteries Mission Methodist Circuit

Statement of Financial Activities for the Year Ended 31 August 2024 (continued)

Note
Income and Endowments from:
Donations and legacies
2
Charitable activities
3
Investment income
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Gains/losses on investment assets
Net income/(expenditure)
Gross transfers between funds
Other recognised gains and losses
Gains/losses on revaluation of fixed assets for
charity's own use
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
12		 Unrestricted
funds
£
499,440
345,820
45,340
890,600
(485,082)
(485,082)
-
405,518
7,042
1,157,093
1,569,653
1,319,973
2,889,626		 Endowment
funds
£
-
-
7,795
7,795
(753)
(753)
(11,222)
(4,180)
(7,042)
-
(11,222)
264,260
253,038		 Total
2023
£
499,440
345,820
53,135
898,395
(485,835)
(485,835)
(11,222)
401,338
-
1,157,093
1,558,431
1,584,233
3,142,664

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 12.

The notes on pages 11 to 20 form an integral part of these financial statements. Page 9

Potteries Mission Methodist Circuit

(Registration number: 1134240) Balance Sheet as at 31 August 2024

Note
Fixed assets
Tangible assets
8
Current assets
Investments
9
Cash at bank and in hand
10
Creditors: Amounts falling due within one year
11
Net current assets
Net assets
Funds of the charity:
Endowment funds
Unrestricted income funds
Unrestricted funds
Total funds
12		 2024
£
1,966,066
1,115,745
127,741
1,243,486
(1,440)
1,242,046
3,208,112
272,614
2,935,498
3,208,112		 2023
£
1,701,006
1,310,769
131,750
1,442,519
(861)
1,441,658
3,142,664
253,038
2,889,626
3,142,664

The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on 09/04/25.................... and signed on their behalf by:

~~...............................~~ Mrs Susan M Howie (Apr 9, 2025 08:52 GMT+1) .......... Sue Howie Trustee

The notes on pages 11 to 20 form an integral part of these financial statements. Page 10

Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Basis of preparation

Potteries Mission Methodist Circuit meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

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Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

Grant provisions

Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £0.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Current asset investments

Current asset investments are included at the lower of cost and net realisable value / market value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

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Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

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Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

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Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

2 Income from donations and legacies

Donations and legacies;
Donations from companies, trusts and similar
proceeds
Donations from individuals
Legacies
Grants, including capital grants;
Grants from other charities
Donations and legacies;
Donations from companies, trusts and similar
proceeds
Donations from individuals
Legacies
Donations from community groups
Grants, including capital grants;
Government grants		 Unrestricted funds
General
£
Other
£
28,924
110,500
2,005
-
-
390
9,000
-
39,929
110,890
Unrestricted funds
General
£
Other
£
17,038
94,059
1,772
-
-
80,462
8,150
295,459
2,500
-
29,460
469,980		 Total
2024
£
139,424
2,005
390
9,000
150,819
Total
2023
£
111,097
1,772
80,462
303,609
2,500
499,440

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Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

3 Income from charitable activities

Assessments on Churches
Assessments on Churches		 Unrestricted
funds
General
£
305,059
Unrestricted
funds
General
£
345,820		 Total
2024
£
305,059
Total
2023
£
345,820

4 Investment income

Income from dividends;
Dividends receivable from other
listed investments
Interest receivable and similar
income;
Interest receivable on bank
deposits
Other income from fixed asset
investments
Other income from current asset
investments
Income from dividends;
Dividends receivable from other
listed investments
Interest receivable and similar
income;
Interest receivable on bank
deposits
Other income from fixed asset
investments
Other income from current asset
investments		 Unrestricted funds
General
£
Other
£
-
20,761
2,538
-
11,877
-
-
30,827
14,415
51,588
Unrestricted funds
General
£
Other
£
-
152
1,527
-
6,460
-
-
37,201
7,987
37,353
Page 16		 Endowment
funds
Permanent
£
7,644
-
-
-
7,644
Endowment
funds
Permanent
£
7,795
-
-
-
7,795		 Total
2024
£
28,405
2,538
11,877
30,827
73,647
Total
2023
£
7,947
1,527
6,460
37,201
53,135

Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

5 Expenditure on charitable activities

Grants and donations
Stipends and Expenses
Property maintenance
District assessment & Levy
Office Expenses
Other outgoings
Grants and donations
Stipends and Expenses
Property maintenance
District assessment & Levy
Office Expenses
Other outgoings		 Unrestricted funds
General
£
Other
£
49,461
20,969
203,021
-
34,934
-
78,937
35,399
23,855
-
29,958
6,749
420,166
63,117
Unrestricted funds
General
£
Other
£
38,666
-
204,767
-
32,035
-
72,149
82,989
19,741
-
32,767
1,968
400,125
84,957		 Restricted
funds
£
-
-
-
-
-
721
721
Restricted
funds
£
-
-
-
-
-
753
753		 Total
2024
£
70,430
203,021
34,934
114,336
23,855
37,428
484,004
Total
2023
£
38,666
204,767
32,035
155,138
19,741
35,488
485,835

6 Trustees remuneration and expenses

During the year the charity made the following transactions with trustees:

Joseph Adams

£3,181 (2023: £Nil) of expenses were reimbursed to Joseph Adams during the year.

Carl Farnell

£639 (2023: £Nil) of expenses were reimbursed to Carl Farnell during the year.

Paul Owen

£567 (2023: £Nil) of expenses were reimbursed to Paul Owen during the year.

Paul Parker

£799 (2023: £Nil) of expenses were reimbursed to Paul Parker during the year.

Pam Roberts

£2,069 (2023: £Nil) of expenses were reimbursed to Pam Roberts during the year.

Carole Foster

£13 (2023: £Nil) of expenses were reimbursed to Carole Foster during the year.

Jacqui Gillon

£72 (2023: £Nil) of expenses were reimbursed to Jacqui Gillon during the year.

Page 17

Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any other benefits from the charity during the year.

7 Taxation

The charity is a registered charity and is therefore exempt from taxation.

8 Tangible fixed assets

Cost
At 1 September 2023
Additions
At 31 August 2024
Depreciation
At 31 August 2024
Net book value
At 31 August 2024
At 31 August 2023
9
Current asset investments
Cash deposits
10 Cash and cash equivalents
Cash on hand
Cash at bank		 Land and
buildings
£
1,701,066
265,000		 Total
£
1,701,066
265,000
1,966,066
-
1,966,066
1,701,066
2023
£
1,310,769
1,966,066
-
1,966,066
1,701,066
2024
£
1,115,745
2024
£
(42)
127,783
127,741
2023
£
64
131,686
131,750

Page 18

Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

11 Creditors: amounts falling due within one year
Accruals
12 Funds
Balance at
1
September
2023
£
Incoming
resources
£
Unrestricted funds
General
General Fund
1,831,895
359,403
Circuit Model Trust
Fund
1,057,731
162,478
2,889,626
521,881
Endowment funds
Permanent
Memorial Fund
253,038
7,644
Total funds
3,142,664
529,525
Balance at
1
September
2022
£
Incoming
resources
£
Unrestricted funds
General
General Fund
628,868
383,267
Circuit Model Trust
Fund
691,105
507,333
1,319,973
890,600
Endowment funds
Permanent
Memorial Fund
264,260
7,795
Total funds
1,584,233
898,395		 one year
Incoming
resources
£
359,403
162,478		 Resources
expended
£
(155,166)
(328,117)
(483,283)
(721)
(484,004)
Resources
expended
£
(400,125)
(84,957)
(485,082)
(753)
(485,835)		 Resources
expended
£
(155,166)
(328,117)		 2024
£
2023
£
1,440
861
Transfers
£
Other
recognised
gains/(losses)
£
Balance at
31 August
2024
£
56,235
-
2,092,367
(49,312)
351
843,131
6,923
351
2,935,498
(6,923)
19,576
272,614
-
19,927
3,208,112
Transfers
£
Other
recognised
gains/(losses)
£
Balance at
31 August
2023
£
62,792
1,157,093
1,831,895
(55,750)
-
1,057,731
7,042
1,157,093
2,889,626
(7,042)
(11,222)
253,038
-
1,145,871
3,142,664		 2023
£
861
Balance at
31 August
2024
£
2,092,367
843,131
521,881
7,644		 (483,283)
(721)		 2,935,498
272,614
529,525 (484,004) 3,208,112
2,889,626
253,038
3,142,664

Page 19

Potteries Mission Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2024 (continued)

13 Analysis of net assets between funds

Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted funds
General
£
Other
£
1,966,066
-
127,740
843,132
(1,440)
-
2,092,366
843,132
Unrestricted funds
General
£
Other
£
1,701,006
-
131,750
1,057,731
(861)
-
1,831,895
1,057,731		 Endowment
funds
Permanent
£
-
272,614
-
272,614
Endowment
funds
Permanent
£
-
253,038
-
253,038		 Total funds at
31 August
2024
£
1,966,066
1,243,486
(1,440)
3,208,112
Total funds at
31 August
2023
£
1,701,006
1,442,519
(861)
3,142,664

14 Related party transactions

There were no related party transactions in the year.

Page 20