Methodist Churches in Vale of Belvoir Grantham and Vale of Belvoir Methodist Circuit Charity Number 1134260 Trustees Report and Accounts For the period from 1" September 2024 st to 31 August 2025
GRANTHAM AND VALE OF BELVOIR METHODIST CIRCUIT REPORT OF THETRUSTEES FOR THEYEAR ENDED 31 AUGUST 2025 INTRODUCTION The trustees present their report together with the financi81 statements of the charityfor the year ended 31 August 2025. Thetrustees h8veadoptedthe provisions ofAccountingand Reportingby Charites: Statement of Recommended Practice applicable to charities preparingtheir accounts in accordanc8 Wlth the Financial Reporting standard applicable In ihe UK and Republic of Ireland IFRS 1021 l effective 1 January 20191. STATEMENT OFTRUSTEES, RESPONSIBILITIES The trustees are responsible tor preparing the Report of the Trustee8 and the Ilnancial statements in accordance wlth applicable law and United Kingdom Accounting standards (United Kingdom Generally Accepted Accounting Pr8Cticel. The law applicable to charities in England and Wales, the Charities Act 2011, Ch8rity {Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustee8 to prepare financial statements for each financial year Mthlch give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, includingthe Income and expenditure. of the charity for that perloij. In preparing those flnancial statements. the trustees are required to select sultsble accounting pollcies and then apply them consistently., observe the methods and principles in the Charity SORP. m8kejudgementS Bnd estimates th8tare reasonable and prudent; state whether applicable accounting 3tand8rdg have been followed, subject to any material departures disclosed and explained In th8 financial staternents. pr9pare the financial statements on tho going concern basis unless it is inappropriate to presume that th8 charity will continue In business. The trustees are responsible lor keeping proper accounting records which dlsclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financi81 statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responslble tor safeguardlngthe asset8 of the charity and hence for taking reasonable steps for the preventlon and detectlon ot fraud and other Irregularities. OBJECTIVES AND ACTIVITIES Ourvlslon: That the people of the area covered by the Circuit wlll come to know the love of God in Jesus Chrlst. Our Misslon: To encourage, enabl8 and equipthe Churches ofthe Gr8nth8m and Vale of Belvoir CiTCUlt to shale in the callings of the Methodist Church land at Chrlstchurch LEP, Grantham. also the URC Vision2020 and the five Marks of Mission) and to regularly 88kthe questSon,"what is our mlssion in this place?*J
GRANTHAM AND VALE OF BELVOIR METHODIST CIRCUIT REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST2025 To promote a communityofchurcheswho worship God, learnto knowJe81J8 Christ. proclalm His love 8nd serve thelr local community in partnership with others wherever possible. Our Calllng: As part of the Nottingham and D8rby District, we share the calling of th8 Methodist Church to respond to the gospel of God's love in Chrisi and to live out our discipleship in worship and misgion. As partofthe Methodistchurch, we existto.. increase awareness of God's presence and to celebrate God's love help people to grow and learn as Christians. through mutual support and care be a good neighbourto people in need and to challenge injLSStice make fflor8 followers of Jesus Christ Out Priorltles.. We al80 embrace the priorities of the Methodi8t Church and will seek to: underpin everything we do with God-centred worship and prayer support community development and action torjustice, espeeiallyamongthe most deprived and poor- in Britain and worldwide develop confidence in evangelism 8nd in the capacity to speak of God and faith in ways that make sen9e to all Involved encouragefresh w8ys of being Church nurture a culturg which is people-centred and flexlble How we will do this Using our resources efflcientlyto fulfil our calling, we will seekto value 811 that Go(J h2s been doing in our midst and lookfor new opportunlties lo share God's love. In light ot this, responding the District's Mission Policy, we will commit ourselves to the following., Worship: As a Circuitwe will celebrate worship as the core of ourfaith enable our loc81 preachers 8nd worship leader5 to use their particular gifts effectively across the Circuit equip local preachers. and worship leaders. ongoing development encourage and support member5 to considerthe Callto preach and lead worship share ideas and encourage partlcipation in worship encourage cluster eventslservices across the Circuit We encourage our churches to make their churchlworship welcomlng and accessible explore different kinds of worship leg: cafelTaizél identify opportunliies to encourage different age groups to join in worship, appllcable to the local context Learnlng and Carillg: A8 a Clrcuit we will offer Pastor81 Visitor, Safeguarding and Preacherlworship Leadertralning
GRAl+lTHAM AND VALE OF BELVOIR mHoDIST CIRCUIT REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST2025 encourage ongoing discipleshlp usSng resources such as'A Methodistway of Life" 8nd"Holy Habits,; and in our LEP at Christchurch, other relevant denominatlonal material We encourage our churches to provlde specific. regular opportunities for Bible Study and prayer consider howtheycould respond to newopportunitles to develop pastoral care Service: As a Clrcuit we will provide resources to equip local churches to setve their community We encourage ourchurches to assess local needs through contgctwiththewider communlty identify and implement strategies for work with young people support and initiate work with other churches and groups in its community Evanglsm. As a Circuit we wlll confirm misslon as the first priority of the circuit explore examples of mission initiatives, available expertise 8nd support from across tha District includingthe Mission Enabler and the Connexion consider appointing an en2bler to assist churches develop theirvisons for growth support community outreach initiatives We encourage ourchurches to assess thelr current outreach initiatives reflecton and considerwhat Is workingand what need8 to cease, or change 2 Re$ources As Circuit we will maintain effective Structures and governance across the Circuit, supporting churches who wish to explore the challenges of trusteeship review the policy on assessments and reserves provide propertyadvice and support deploy resources in support of the MIs8ioD Action Plan identify and fund roleslresources to support the Mission Action Plan seek to exiend IT provision and share expertise We encourage ourchurches to use the current profoma for financiallmission requests to the Circult malntsln their premises in line with their quinquennial inspection Our Prayer '.We pray above all that: God's name will b8 glorified throughout our Circuit our worship may be offered in spirit and in truth
GRANTHAM ANDVALE OF BELVOIR METHODIST CIRCUIT REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 our witness may display the depth and breadth of God's love for all th8t our service may be given freely and with compassion ACHIEVEMENT AND PERFORMANCE Followingthe declslon by RevTlm Morris to curtail his appointment after 3 years for personal reasons the circuit entered the stationing process and were gucce8sful In appointing a new Superlntendentto commence 1September 2025. Th8 URC minister, Rev DR Peter Stevenson, having oversight of Christchurch LEP retired in March 2025. The circuit sought a part-time Methodist minister through the stationing process and in this Instance was unsucce8sful. The appointment ofa Community Evangelist associated with HarrowbyLane commenced in September. RichaidThomas'sterm of appointment Isfor0Years worklng undertheguidance of R8v Neil Maynard and a tnan8gement team. The objective of this position 18 to . Work across all age groups withln and outslde the church and develop ways of sharing faith with a range of people. Ernbed evangelistlc Initiatives into the Ilfe of the church and inspir8, encourage, and motivate the church famlly to share falth and be an exampl8 of how to do thls. Review initiatives and 8Ctivlties being undertaken and recommend change where necessary. The sale of Cropwell Bishop Church and School roomwas agreed by privatetreaty having be8n unsuccessful at auction on numerous occasions.The salewas ¢ompletad 8ftertheyear-end. There have been no further closure of churches duringthe ye8Y under revlew. The Circuit continued to encourag8 churche8 in the diversity of their worship and helped to resource this through the preaching plan. The Local Preocherg 8nd Worship Leaders Meeting contlnued to meet regularly. exercising oversight over accredited and tralnee Local Preachers. One trainee local preacher has SUCGes8fully completed tha training course and two new worship leaders are In training. FUTURE PLANS The circuit will endeavourto appoint an 8dditional p8rt-tlme presbyter to fill the vacancy left by the retired URC minister. If unsuccessful the Circuit wlll develop alternative plans to provide additional pastoral and missional support to the two full-time presbyters. FINANCIAL REVIEW The trustees have reviewed the circumstance of the Circuit and consider that adequate assets and resources continue to be availableto fund its actlvlties forthe foreseeable luture. The trustee8
GRANTHAM AND VALE OF BELVOIR METHODIST CIRCUIT REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 beli8ve that they have put 8Ultable Tneasures in place to ensure that the charity will continLJe to oper8te and develop its activities. The trustees therefore belleve that the preparation of the annu81 repDrt8nd accounts on a going basis is appropriate. Due to gross income exceeding £250.000 for the first time the charity is no longer classified as small and Iherefore it has been necessary to change the basis of accounting from Receipts and Paymentg to Accrued accounting. This method takes into account the timing of recelpts 8nd payments alld the periods to which they relate and reflects the value of other non-monetary 858ets held by the Circult. General Fund The principal source of income for the Circuit is the circuit assesstnent Paid by the Churches. The circuit continues to have a pollcy of using a formula to decide how much each church pays which tri89 to reflect affordability. In addition rent is received from tWD properties and interestfrom the Circuit rgserve is used to augmentthe assessments and keepthem as low as possible. Agrantwas received fromthe Nottingham and Derby Distrlctforpartof ihe cost of employingthecommunity Evangelist with the balance being drawn from the Clrcuit Model Trust Fund ICMTFI. Further money was drawn downfrom the CMTFto payfor improvements to the mansès. Tot81 Income olthe General Fund was £224,547. Circult expenditure mainly covers the District Assessment and employment costs end expenses. Total expenditure amounted to £241.159 leaving a deficit of £16,169 after adjustingfor changes in the marketV8lue of investments and before transfeTS from the CMTF. Circuit Model Trust Fund The principal source of income forthe Clrcuit ModelTrust Fund is the sale of properties and associated investment income from those resulting funds. Total District Levywas £9.417 which wlll be used to further rni88ion work within the Connexion. Endowment Funds The Circuit has Endowment Funds whlch have arisen as a results of bequests in favour of the Circuit or Clrcuit churches which have since closed. In accordance with Standing Ord8rs these monies are held byTMCP who managethem on its behalf. In allcases incomeform these Endowments can b8 used forgeneral purposes. Thesefunds amounted to £48,657 at 31 August 2025 Reserves Pollcy The Circuit Model Trust Fund ICMTFI has arlsen as result of the $818 of manses and church buildlngs no longer required wthin the Circuit, The use of these designated lund8 18 determined by the Constitutional Practices and Dlscipline of the Methodist Church {CPDI. The general reserves policy is to maintain adequate funds amounting to six months of the dayto day expenditure of the Circuit. This was reviewed durlng the year.
GRANTHAM AND VALE OF BELVOIR METHODISTCIRCUIT REPORT OF THETRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 The GeneralFund as at 31 August 2025 amounted to£1.829,538 ofwhich £629,538 Is availableto meet the day to day fln8ncial requirements of the Circuit. STRUCTURE, GOVERNANCE AND MANAGEMENT GoverningdocL¢ment The charity is controlled by its governing document. a deed of trust, 8nd constitutes an unincorporated charity. The Grantham and Vale of Belvoir Methodist Circuit was formed on 1 September 2004 from the merger of the prevlous Grantham Circuit and the Vale of Belvoir Circuit. It is part of the Nottlngham and Derby District which in turn Is part of the Methodigt Connexion in Great Britain whose constitution Is governed by an Act of Parliament. The Circuit is governed by the Deed of Union (19321 and the Methodist Church Act 1976 88 amended March 2011. Overall control of the Circuit rests with the Methodist Conference. The Connexional Office implements decisions made by Confer8nce and is also responsible for the stationlng of ministers in individual Circuits. Connexional deci8ions are passed to the Chalr of the District and the appropriate Officers of the District for regional implementation. The District passes the control down to Circuit level for local implementation by the Superlntendent Ministers, mlnisterial stsff and Circuit Stewgrds via the medium of the Clrcuit Meeting. The membership of the Circuit Meeting is laid down in CPD. Charity constitution In simple terms the Circuit Meeting is made up of: Circuit Minlsters,. Circuit Stewards and other office holder5 undertaking Circuit roles. Circuit lay workers. repre8entatlves from the churches within the Circult {being the church Treasurer, church steward plus one other elected member per 100 members Df the church): other Methodist Ministers lincludinE Supernumerariesl residing thin the Circuitwishing to take up appointment and Authorised Mlnisters worklng with Methodist churches within the Circuit who wlsh to take up appointment. The voting members of the Circuit rneeting are the Managing Trustees otthe Circuit. Certain matter8, principally those relatingto property issues, must be referred to the District and the Connexional office- through the Trustees for Methodist Chuich Purposes {TMCPI. acting as Custodian Trustees, but rnost matters are determined bythe Circuit meeting itself. Recrultment and 8ppointment ot new trustees Whilst the appointment of the managingtru8tees Is deterrnined in accordance with the Standing Orders ofthe Methodist Church we aim to ensure members ofthe Circuit LeadershipTeam and the Circuit Stewards include a broad range of experience and expertlse including pastoral, financial and property matters. Funds are allocated within the Circuit and also accessed via the District to provide trainingfor ordalned and laymembers of staff. The Connexion offers on-line trairbing for all new Circuit Steward5.
GRANTHAM ANDVALE OF BELVOIR METHODISTCIRCUIT REPORT OFTHETRUSTEES FOR THE YEAR ENDED 31 AUGUST2025 All members of the Circuit meeting are encouraged to r88d the leaflet" The Role of a Trustee in the Methodistchurch" Organlsational structuro The Circuit Stewards together with the Superintendent Minister, other Ministers and Probationers are responsiblefor ensuringthe decisions of the Circuit meetlngs are upheld and acted upon. Both the Circuit Stewards and the Circuit Leadership Team meet on a regular basis to review the work within andlor policies of the Circuit and to make recommendations to the Circuit Meeting. The management of the Circult is supporteii by 8 paid, part-time Circuit Administrator. TheTrusteesfor Methodist Purposes ITMCPI TheTrusteesforMethodlst Church Purpoges hold the Circuit's ModelTrust Funds. Fromthese funds they deduct a levy. proportional to the funds held, which goes towards the running of the Methodist Church nationally. They act as Custodian Trustees holdingthe tltle to the three propertl8s (Manses) in which the Mlnisters live, one of which Is currently let. The Circuit Meeting, acting as Local ManagingTrustees, is respon8ible for the dey to day m8nagemont of the propertSes and has thg right and obligations of exercising power or discretion over them. The individu81 church buildlngs are the responsibility of their Church Counclls. EVENTS SINCE THE END OFTHE YEAR Information relating to events Since the end of the yaar Is given in the notes to the financial statement8. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1134260 Principal address 32 M811owWay Bingham Nottingham NG13 8TZ Independent Examlners CA Plus Units 1 & 2 North West41 Talbot Street Nottingham NG15GY Surveyor Guyler SuTveying and Herltage Biichfields Eggington Derby DE65 6GU Benkersvirgin Money 10 High Street Grantham NG316PU Trustees for Methodist Church Purposes Central Buildings Oldham Street ManchesterM11JQ Trustees The Circuit Meeting comprises the following Trustees
GRANTHAM ANDVALE OF BELVOIR METHODIST CIRCUIT REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 AUGUST 2025 RevTirn Morris Superintendent Minister and chair of Circuit meetings (Resigned 31 July 2025 Rev Dawn Brown Superintendent Ministerand chair ofcircuit rneetingsAppointed 1 September2025 Rev Neil Maynard Rev Dr Peter Stevenson (Resigned 31 March 20251 Marion Hingiey- Hickson (Resigned 31 August 2025) Sue Sulston (Resigned 31 August 20251 Pat Hiley Keith Fox (Appointed 01 September 20251 Elaine Robinson (Appointed 01 Septemb8r 20251 Susannah Louise Ritchie (Appointed 01 September 20251 Brian Mellors l4 john Hunter Paul Bancroft (Appointed 01 September 2025 Su8annah Louise Ritchle Hilary Taylor Geoff Cawthorn Pat Whyte Deacon Lols Bell Rev. Graham Coleman Rev. Peter Sulston Rev. Christin8 Fox R8v Ray Hinch
GRANTHAM ANDVALE OF BELVOIR MEfHODIST CIRCUIT REPORT OFTHE TRUSTEES FOR THEYEAR ENDED 31 AUGUST 2025 Sarah Hobbs Bingham.. Brian Mellors Lynn Mellors Hazel W811is Audrey Cawthorn MaxTeare Peter Broekhuizen (Resigned 31 August 20251 John Eagles (Resigned 31 August 20251 Bottesford-. Marlon Hingiey Hickson Christchurch: Susan Sulston Jean Breckenridge Denhy8 Lambley Chris Morgan Colsterworth: Pamela Harrison Mark Harrison Helen Scorror Ciopwell Butler.. John Crooke8 David Woodcock Annewoodcock East Bridgford: Jane Bancroft Paul Bancroft David Atkins Great Gonerby: Mavis Beeson
GRANTHAM ANDVALE OF BELVOIR METHODIST CIRcurr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Cynthia Prater john Prater Harrowby Lane,. Richard Scoffleld Janet Thacker Jacqul Hanbury {Appointed 01 September20251) Carol Boyle (Resigned 31 August 20251 Dorothy Jacklin (Resigned 31 August 2025} Sklllington: Amy Kirton Chrlstine Whlttle signed on behalf of the Trustees 10
Grantham Vale of Beivoir Methodl8t CRreult Independent Ex4min¢r'8 Report lo the trnstses of Ctranthg ADd Val¢ of B¢lvoir Methodist Circuit I report to the tNste¢s on my examination of the accounts of Grantham and Val¢ of Belvoir M¢thodist Ckrcuit (the Charity) for the year ¢nded 315L Au8U5t 2025. Re8ponsibilitles and basix of report Ag the trustees of the cha'ity you al'e responsible foi. the prepwxtion of the aG¢ounts i accordatwe with the Tequir¢ments of th¢ Charities Act 2011 ('tb¢ Act,). l irport in respect of my examination of the Chwryty's accounts carried out under Section 145 ofthe 2011 Act and in carrying out my examination I have followed all th¢ applicable dire¢tions given by tlw Charity Commission uuder seGtion 14S(5)(b) of the Act. Ind¢pend¢nt lmin¢'S stat¢ment I have completed my ¢xaminJtion. I confirni that no matt¢rs have come to my attention in connection with the examitiation giving m¢ cause to believe that in any m&t¢rial respect.. 1. 8ccowiting record8 were not kept in re8pe¢t of th¢ Clthrity as yequired by gCGtion 130 of the 2. the accounts do not accord with those cOrdS. or 3. th¢ accounts do not comply with the ac¢ouniing requirements concernin8 the fonn and content of accounts out in the C.hariti¢s (Accounts and R¢ports) Regulations 2008 other than any requirem¢nt that the accoullts giv¢ a 'true and fail view which is Aot a matter considered &8 Part of an independent examin8ti0n, I h&v¢ no Concerns 8ttd hav¢ come aciDss no other matt¢rs in connection with the examRnation io which attention should be drawn in this report irk wder to enable a proper understauding of the accounts to be rep4cbed. Eva Stevens BSC, CPFA, employee of Community Accounting Plus member of the Chartered lllstitute of Public Fin4nce 8nd Accountancy (CIPFA) Uni18 1 & 2 North West 41 Talbot Stttet Nollingham NGI 5GL Date:.... /0
GRANTHAM AND VALE OF BELVOIR METHODIST CIRCUIT Charity Number 1134200 Statament of Financial Activities (SOFA) for the year ended 31 August 2025 Nots8 to Clrcult Model 0g$lgnated tho General Tru•t Funds account• (LInStrIcted) IUDr•sts1ctodl lunfeltrlctsdl R•strlÈted Endowrntrnt Fund5 Total 2024-26 Income I DoA2tlons and18g4des 2 It0• from monetary thve51ments 3 Incom? trorn invè&¢ment propu8$ 4 Assessments on Churches S Cap1 Recelpls 6 Grants retaNèd 7 Other ch3ritabk9 Inco 8 Yot•l Incomg 12228 15.089 138,367 9,026 16,317 35.50D 224,647 9.858 1,772 23,858 16,089 136.387 9.026 16.317 36.500 23177 9.86B 1.772 EXpdIlure 9 Grants and donatlDtIs 10 Salaw58$ and as5Ddated costs 11 Property maInten¢6 12 Connexional as58¥smeDt & model Iru¥l ¥Y 13 tjslricl Assessm8nl & Levy 14 D•pracln 15 OThce expenses 16 Olheroulgolws t7 Toial charttsts gXPont11tur 18 Galnslllossesl on monelary Inv8stmenl 19 Galnslllossesl on Inveslm8nl properbes 20 Not IDcompllexp•Thdl¢ur•l 21 Transfers bBtW8en fd8 22 Olhergainsll1055e31 28 Nèt movemeot In funds 24 Total fijnds brought forward 25 Total fufid5 caiiled forward 147.499 12.758 14Y.499 11768 40.752 . 9,417 00,169 558 39,592 241.169 443 666 40.611 2SI,502 477 774 ID.q91 152 162 34 11&16è1 29,543 13331 (29,0001 114,8481 15431 13,374 1,816.164 1,829,638 129.3331 238,353 209,P20 14,8481 2.102,0fj3 2,08T.215 47.546 49.867 12
GRANTHAM AND VALE OF BELVOIR METHODIST CIRCUIT Charlty Numhr 1134260 statomenl of Flnanclal Acllvltles ISOFAI for the year gnded 31 August 2024 Not• to ClroullMod•l Dgilgmled th Tru•1 Fund ccounts IUnro•trlotqd) (Unr•strfot•dl I¥nrrktsd1 •tited roial 202344 R••trlct4d Enthwment F¥nd• Iorn? 1 Doneiob)g ale08e¥ 2 IncoTnefrKHn rnolletaryknveslmonls 3 Inwmèlrom IThve8trnenl PFoperte3 4 Aggègm6nts Churches 6 Capitol RfjCet6 6 GrarI5 rerA 7 OthèrcharflatrAo In¢x 8 Tolol Income 14,839 20,949 15,2BO 123,21 12a244 36.22 2V3.703 2.019 Expondlture 9 Grants dcr8UoDB fjo 8$50daith1 ¢0gts 11 PropartYtTralntena 12 conne31 aEsessfflenl& rnllddlru lovy 13 tNslrf¢tA*w88menl & L 14 DepTedal 15 Otfice eXpse5 leoorOU95 17 Totsl oharftablb bxpendlture 18tsth51V055e51 OTh mneryI5tMnLI f9GalnslQoss8sI on Inveslm8nlpropertles 20 Natlncomellexpendllurel 21 Tr8Tbsfeks bpfvieen 22 0lthergokn810063es1 23 Ngt mowmgntln fvnds 24Tth&l fund$broU8htfoard 25Tot41fvnth rwdedfurw•rd 112,424 112.434 51.314 215 29.398 2Qg,970 18,679 199.a6 17,261 978 126 776 2,316 4221 12,312 7A86 i.aoBWfj 1.816 1fj4 12,312 2.089,7S1 2.102,063 47.546
GRANTHAM AND VALE OF BELVOIR METHODIST CIRCUIT Charlty Nurrbbqr 1134260 Balance Sheet as at 31 August 2025 G•n•f41 Fund IUnrosirl¢iedl Doslgn•l8d Fund5 IUnrgslrltstdl EndoY4mni Fund Tolil 2024125 Totsls 2D23124 RHla8d Tats IUnrqutrKiqdl AGeounts Flxgd A$t cuNMaTr5B$& EqulpmBnl 1.OW.t)D rotdllx¢d4SSots 1,2DD,DDO 1.20D.QQts CuYr•ni A••gt• Pro ti ldfs11? 196.( 195,r 7,545 25,735 595.571 69.201 35.7tK3 929.755 f2 Loans bytheetrtu f3 15,735 15,755 $67,79t 123.558 26.083 034,196 14 46,657 FIn 8owdDepOlS C8Bhal hand irJ. 2&.fL 6Tr,11g 209mO 4b,657 CiediloI8 Idw kn wder I year) GranlB 15 47.581 47.581 27,692 47• $87.216 27,692 •02,063 NqtcUrwt•ss•r14fvl[l1a¥ 128.531 2D9.DI 44157 Toialassèts 105$Trol1ffv 1,82D,63B 209.020 4$,651 2,IJB7,216 2,102,083 due after morethanvn e8fter1 Loans toth8 Clrtu Èr Netassels I 29.538 209,020 48.657 2,O87,21£ 2,102,Q6J Fufi#4¢)f Ih•Clreult GÈn8ral Fund Urele Clwll Fthd{Uni951d DTraIÈd FWS iuntESlrittedl Total Vnmxtrf(tsdFilndS 1,B29.&8 ,020 1.8t6.184 238.353 18 209,OZQ 2PJJ,551 2,054,517 R8striBted Fund9 EndQwmFnds 4B.651 4B,657 48M7 2N87.215 47.640 2,102.OSJ 1M29.538 209.020 Sign reasurer 14
fjIiANTIIAM A14DVAL OF BELVO MEtFK)DisraRCUIT NOTESYOTHE FINANCIALSTATEMENTSYEAR ENDED 31AUGUST2025 e5tD the Arco nt l Basls of 3¢countiThK The fln3nclal 5taternents have been prepared vndet the htOriC costcoTrventlonand in a¢cordance with the 2019 verslonof Accour¢tlng and Reportlng by Charltie5.' Staternn2t of IRecommETrded Prattice ISORPI ap1¢b tu charitles preparln8 iheli a¢counis In ac£tsrd¥ts wlth FRS102- the CharleS ISORPI and thÈCharltles Att 2011. 2 Funds The fund5 hew constitute.. General Fd5 held for any purpose of thE Clrcuit are unrestrKted. The Clrcvit TrSt Fund hès wlde purposes deflned In StnadinK Ordws and Is categorised 2$ unrostritted. Endowment funds which constitue Élfts and leg3cs where the apltral isfor restrlcted use butincome Is avalLible forthe general use of th2Circult. J AccountlK8 Polkk95 Bisls These 8ccoun15 have been prepared on the basisof hlstorkal cost exceptthat monetary investment5 are Shown atthelrmarketvalueatthe end of theyear. on theaccru31s b3515t05how a trLte and fairvlew of theClrcul1'5 firnancyal wsitloTrand actwitles. C511d0t]o The Clrcuit has denomlTr3tlonal regu18toryoverslÈhton rtspett of the work of the ChUhe$w1th the Circult bjt has no legal or opetn?1 control of ihosè chwches and the governinB tojies except In Qreme ctr¢$tsnceS . For thls reason, the flnan¢lal siaements of the Churrheswilh the Clrcultaie no¢onsolldated IntotthseflnarKlal 5tatemÈTrts. In<(xnE RecogTrltlon Income is Included In the Statempnt of Ananclal Artities ISOFAI allcrated to the PErh)d to which It relates and the trustees are te350naL4t rtain theywill re1ve the re50Lrte5,' andthe moneywalue can bÈ measured wilh reasonable rtaInly. E¥naIlure Thlsls rec0gn1sedwTh3 Uablllty Is Incurred, ora constructfve obll88tl(ai arlses, thai resulis Inihe p8yment beln8 univ0ldae. Grants Gr¥nis re¢elv4ble are recognlsed when payment15 reIVed. Grant5 made by the arcuit ale recoÈnised In full at the tlme of agreement If P3yrnents Is lo be made wlthln 12 Monlhs. When payment Is likely to be made beyond 12 months then the gnt wlll be reported as futurecommltment Inth2 nole5to the accounts. VAT 51rte the CIrCtt Is nos registered for VATall InputVAT isclarged wlth the eXpee towhkh li refers. T&gIble Flxed As$0t$of theClr¢uil TanEINe fixed assets are capitsMsp.d If thp.y tarn bp. u.led for more th3n one yeatand cost 31 le3st£l,(KK). The freeho pr(yerty Is sfrown In thÈ èc¢ovnts at its currtnt esiimaied value as of 31st AuBUSt 2025. No dewe¢l81ion 15 wo¥lded the bldIng because the Iru5tees conslder the ¢urfftnt re51dual falrvalueof the 1185 lo benot lessthan Itscurrentvalue. Depreclatk)n on other aSsetslsCI8Ed as towrtte off thecostof thea55etover il's Usef Ilfe. Inv951mgntPropertl•s Investment propertles Indude5 propertle5 whkh are not Used for the purp05esof thecharity speclflcallyCorbyGlen Chapet. Invesiments Investment5 are valued In the balar¢¢e Sheet at markei value at the year end. Investmnent Income 15 Included In the accounts when rec£fvae and inygainsor k)sses on revaluaiionat theyearend areshown In theSOFA. Dèbtoisand Prepayments Theseamount5 are rAved to theClrrulttoseterwith prEpaytTrEnts. tT4dllors Credltors include both sundry expenses and spedfkallythe 1st quarter8Ssessment rettlved In advame, 15
GSIAt4THAM ANDVALEOF BELVOIR MÈTHOOISTaRCUIT NOTESTOTHE FINANCIAISTATEMENTS YEAR ENDED 11 AUG115T 2025 Exemptlon from prepirlRg a cashfflDwat#M@nt Under the e¥èmptlon avallable to smaller charltle5 th2 Board of Trustees ha5 chosen not to Ind a Statemeni of Cash Flows wltNn the ftFkindal siarement GOIn%vJrn The financlal staterneTrts have en prered on agn8 wncern bas15. The tN5teesassesswhether the use of gn6¢orrn1s 3ppraprlaiel.e. whethLYtherÈ are anymarerlal uncerialntles rÈlatedto events ar cond[ln5th¥tM0yc3St 518nlflcant doubt on ihe alIty0f the charllyto contlnue asa golngconc¢fn. Thetru5tees make thls assessment In respect of a period of one yearffom thedate Of 3pproval of the finand41 siatement5. Taaon The charity Is Èxempt from corporntlon tax on It5 charltable a¢tlwlflesunder5ectlon5 478479 of the Corporation TaxAci 2010, and operates PAYE and Nathnal In5urancE wntrlbutloH5in accordèrKewlth Revenue &Customs re8u1311onk PenslM$and oihei p05t rollremEnl obll8atlDThS Thecharityoperates? dellned cOntributn rÉnslon schemewhlch Is a penston 3n underwhlth flxed cDnthbutknn$ are pald Into a pellslo fund andthetharlly has no le8al orc0rn5trwtive obl183tTr lo payfurtherconiributlons even If the fwd does nDt hold sufflclenr a5set5to P3y all erno¥ee$lheenelIts relatingto émpltsyeeservke in the current8nd prior periods. Contftbutlonstodeflned ContrlbLrtI pknsare cogNed Intheststement of Financ4alAcilvltles when theyare dve. ff contilbutlDn payments @ed thE contiibutk>ndue lor 5Ce. the ex$5 Is recoRnised as a prepayment. 4 Incomofrom Invo$knent PTOP•rty 20ZS Z024 Ilent Receiable forCorbyGlenChapEI ieasedtowor5hlp ISJ)89 15.2 5 Capltal Recelpt$ Cath knn5ferfrom Cropwell 6lshopfollowln6 churth re 9.026 6 OtherCharll•ble Income DonaUon5forChlldren and Fam11yWorker REDt from M3n5e not currertlyrequlreil 20,50D 21,250 7 531artES and A55ocled C¢sts in151er'5Slpends Lay Workers Natkin3I ISurare Pen510n5 Ap[KentI Lewv Payrdl Admln Cost 6S,724 54.548 12,352 13.786 609 480 61,718 25.535 7,sqg 16,516 436 Ill434 Thernonthly ayee nmber0f PErsons IIncdIngse1ormanageMenl ieaml ernployed by thecharty durlngthe yearw35 asfollows: Average nurnberof etnplvyees 3 IR024 3lof theaby4eemployees part[pad Irithe Defined coDtrlbuu PenslonScheme5. Contrtbultlonstothe emploee penslonscherne5forthe yeartotslled £13,78612024 £1616) Plo employee recel¥ed emoluments of morethan £Go)durIngthe year Is
GRANTHAMANOVALE OF BELVOIR METhODtsTCIRCIIIT rwESTO TrSE FINANCIALSTATÉMENTSYtAR E140£D31AUGUST2025 1025 2024 8 Other owln85 Renials PropertyC¢sts Supernumery Prea¢hlrng Expen MlnistersAceommodatlor¢.Tr4vel and lnc1iEetaI Expenses chIre aNJ Youth Wotk Laystaff Tiavel and IndenL ExpeD5e5 Mlr¢lsrers Reloaction C05t5 Qulnquennlal In5pettlon5 Internal Exa Iners RÈmtsnera¢ion other Costs 4.933 1,869 16,118 6,140 1.051 12,88a 1095 991 7.812 2525 1.128 2.910 L650 Oth DUtBolngs Incurred b¥Clrcuit ModÈtTrustand Endowments relate to FuTrd Management Fee5 9 Orcult Trnanses Thesewmprise threeproperuesone of wh1chl5wrnÉty rEnted¢ut whllst wtrequlredfori mlDlstsr.Theyare Included at estimated value a5 ol 3lstAu8USt 2D25. 32 Mallow Way ghaM 145 PrlnTrs Drlve Giantham 18 8owbrhl8e Lane 80ttÈsford 5W,000 250.wo 250,C I,000,ooo 250,rxxJ 250,000 i.OWJMN) 10 lswe5tmeDt prortIeS Thls cornprlsesCorbyGlen Methodistcmrch no lonBei used torworshlpattrustees estlmaled marketVuE. Corby61enfi Methodistchurch 21M).(IJO 11 Property heldlorsal Thiscomprlses Cropwell Blshop Method15tChurth wlth wastrw5ferred to theclrcuit Its t105ure. Sale of the property wa5 completed 12thSepteMber 2025 and 1ndUded the aecounts 8tthe ?Breed sale Ce. Cropwell Blshop MÈthod1stCh¥r¢h I960D 12 Dei)¢o etytorsand Prepaymeat$ 5.029 7045 13 Loansbythe arCt Thp5e wmwlse loèlls mdetochurchesWlthin the ¢lrculftocarry out buihllrngpro5ects, BID6ham Methodlstchurch due to repald November 2026 Sklllln8ton Method15tChurch repayabk4Jn demand IL5 9.235 22.50) 3.235 14 lTr¥m•nts wlth TMCP CoulL Reserve Fu Model Trust Fund Endowments 310,114 209,020 48,657 567.791 309,671 238.354 47,546 595,571 15 CredltLW5 Tradecredltory Acuua15 As5essment5 ReIved In Athan¢¢ 3,424 44.157 1,173 26,519 27,692 17
GRAMTHAM ANDVALEOF BELVOIR MEfH(N)ISYCIRCUIT )TE5TOTHEFINA14CIAISTATEMENT5YEAR ENDED 31 AUGIIST202S ifj hwimohtlnFundE4nrtPTtor¥EirAdPJ5bEDI ThÈsÈxtountshaYebeeTrprepaipdgnpn4crWabbèsbWheè5PrCU4ytEdrcU1tWa5e1IPtP1rt¢4•dpwTrThts Attn.$1 slI91th1YarfDU prknrYearadNenlrttdtQhay¢n mdi. ReJwkted Endowrmnt Fut Fvnd R•5t4ierntvlvpEnlnsFunrts QUvrej3l,24 678.664 47,546 CknAt TrAanss P[0[fH&1dtSa DÉbtors tsedlloti FUndsotg1..14reStated 27.$92 7>46 NEt empnt Infvnds Oi.CO.24 fnth iknMstrlct4d Fund5 G¢nErpl Fund l.X6092 a(71 238,353 1719251 7,7 135SI 6WY 1>19,414 0,1 209J)10 a[lttITIUSt Fund 129,th)) 1054,517 543 EndowmEnl 47,516 1545 I4.) Resources InttorrAn8 Re50ur<es eTheral Fund il Re5etVè 11S,227 g.320 140,15? I,W7 IOJg1 3,9251 7,75$ 443 234,405 SJ50 44J 145021 £ndowMehts 2541?7 4T7 17 IndepEnkntEmi1ne1SFte$ ¥n4Wedp51o1th'. Th•r•nor•lI1eavrtyt1kSa¢t 1ftthear.
ERANTHAM ANP VALEOF DEIVOIK MEfHODISTCIR(UT )TESYOTHeFINAt4CIALSTATEMENTSYEAR ENOED 31 AUGUST 2025 2025 2•14 Trv5teE5RcefvEdwrenEiav.bEr4I5OTEAp2S larthnlr¢Dk &YChtyerI1ledbYtrAIrsOrrA rncntthcfoKDwln8lrusteeshave re(eK%dremer1t10n11IrnpbvJoflhethlty'. T•Oor S Robbs S,844 35 22,260 ,6a7 37,527 a8,252 35,603 Evf4eiSMèwwrd sUrUM•r1ryln1¥erlvI0sre&QtsVtelreyedthlr¢QÈtrtxnl£ll38lO141ESESj TNstÈ¥Ih0tttle& exrn*$4ndtnYelcoit•swr¥weeslEL439120Z4 1£8781 hlnlster54tr0adatOnIQdttt1 c#sts3£16,13SIIJ14 2E12,7391