## **COVENTRY AND NUNEATON**
## **METHODIST CIRCUIT**
**Circuit Number: 5/10 Registered Charity Number: 1134347**
**TRUSTEES'S ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **COVENTRY AND NUNEATON CIRCUIT TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **Introduction**
The Coventry and Nuneaton Circuit currently includes 15 churches (of which three are Local Ecumenical Partnerships) in Coventry and the North of Warwickshire. The Circuit Meeting oversees the work of the Methodist Church in this area and seeks to respond to the needs of its churches and communities.
## **Aims and organisation**
We affirm that as the Methodist Church in the Coventry & Nuneaton Circuit we will encourage all God's people to:
- Love God with all their heart, mind, soul, and strength.
- Reflect God's love in words and actions.
As Methodists in this Circuit we will live out our calling by:
- Supporting varied and quality worship.
- Helping to deepen discipleship.
- Offering care and support.
- Responding to the needs of others, at home and in the world. Challenging injustice.
- Helping people share their faith.
- Making more followers of Jesus Christ.
## **Review of the year**
The Circuit has supported all 15 churches during the year by providing Ministers and Local Preachers to lead church services most Sundays.
The Circuit was pleased to be able to continue to support Woodside Methodist Church with part funding for a Parish Nurse. The Nurse continues to have a positive impact at Woodside and the surrounding community.
The Circuit has also been pleased to support the appointment of a Community Development Worker at Nuneaton Methodist Church who has been able to increase links with the local community and especially with those from a refugee or migrant background.
## **Income trends**
Circuit income is primarily drawn from the assessment or budget shares paid by the circuit churches, with £274,877 raised during the year.
The Circuit has many volunteers who assist with its effective running. For example, stewards assist the leadership team with recruitment, others help to maintain the church manses. These services are not recognised in the accounts.
## **Expenditure trends**
Ministerial stipends and allowances increased in line with Conference approved rates. £74,820 of expenditure is the Circuit contribution to the District and Connexion, of which a significant part is used to fund the work of the wider Methodist Church. £35,726 of Circuit expenditure was taken from the Circuit Model Trust Fund for mission and growth projects around the Circuit.
Page 2 of 28
## **Fund balances**
As at 31 August 2025 the net current assets of the Circuit were £0.72 million and total funds were £1.38 million. Total funds have decreased compared to the prior year due to the intentional use of reserves to fund specific projects and reducing the amounts churches needed to contribute towards Circuit costs.
## **Plans for 2025/26**
We have an evangelical growth strategy that is being implemented over the next few years.
The strategy consists of 7 streams each led by a Circuit Steward and small team:
**1. Children, Youth and Family** - to nurture children and youth as disciples of Christ within the church family.
**2. Discipleship through Learning and Caring** - to inspire churches in their spiritual growth through small groups as a means of grace.
**3. Evangelism and Church Planting** - to work with churches as they practice principles of 'Church without Walls' and model church planting.
**4. Justice, Compassion and Peace** - to help provide food, shelter and clothing, offer safe space and comforting presence, listening ears and radical advocacy to victims of social inequality.
**5. Staffing and Staff well-being** - to promote, safeguard and nurture the ongoing well-being of Circuit staff and employees in order to comply with all recruitment, employment and appraisal towards sustainable growth in the Circuit.
**6. Financing and Resourcing** - to explore mission investment models toward the productive use of Circuit resources from which churches may draw inspiration from their vision growth projects.
**7. Worship and Spirituality** - to sustain a culture of worship vibrancy in the Circuit which appeals to members and visitors.
Over the coming year the leadership team, with the relevant approval of the Circuit Meeting, will undertake a review of the strategy and streams to ensure that it remains effective for the developing needs and resources of the Circuit. A new Circuit Mission Plan is in preparation.
Page 3 of 28
## **Trustees' Annual Report of Finance and Governance**
## **Basis of preparation and legal framework**
The Charity's annual report and accounts for the year ended 31 August 2025 have been prepared in accordance with the Charities Act 2011 and the Accounting & Reporting by Charities SORP FRS102 effective 1 January 2019.
Full Name of Charity: Coventry and Nuneaton Methodist Circuit
Registration Charity Number: 1134347
Date of registration 16th February 2010
Main communication address: Bedworth Methodist Church, Mill Street, Bedworth CV12 8JZ
The members of the Coventry and Nuneaton Methodist Circuit Meeting are the Charity Trustees, membership being made up of circuit office holders, ministers and representatives appointed by the local churches. A list of Trustees is shown as Appendix A to this report.
## **Circuit Ministers and officers**
Active Circuit Ministers Rev Jill Marsh, Superintendent Rev Doreen Koffie Williams Rev Stephen Willey (finished 31 August 2025) Rev Christine Crabtree (started 1 September 2024) Rev. Becki Stennett (started 1 September 2025) Local Ecumenical Partnership Minister Rev Dr Allan Smith Circuit Stewards Ms Karen Brooks Mr Peter Dipple Ms Perpetua Sakaringwa Mr Tony Cashmore (appointed 1 September 2024) Treasurer Mr Alastair McCulloch Administrator Mrs Jane Bennett Independent examiner Azets Audit Services 3Mc Middlemarch Business Park, Siskin Drive, Coventry, CV3 4FJ Investment Bankers Central Finance Board of the Methodist Church Trustees for Methodist Church purposes
Page 4 of 28
## **Aims and organisation**
The purposes of the Methodist Church are 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
## In addition we:
Organise and resource regular public acts of worship open to members and non-members of the church.
Teach Christianity through sermons, courses and small groups. Resource pastoral work including visiting the sick and bereaved. Take religious assemblies in local schools. Promote Christianity through the staging of events and services. Provide chaplaincy services to the local university and other institutions.
## **Public Benefit**
## **Structure, Governance and Management**
The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976). Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD). Day to day management of the Circuit is undertaken by the Circuit Leadership Team along with the Local Preachers meeting, and Stream 6 Finance & Resourcing Team.
## **Trustee Training**
A range of guidance produced by Methodist Connexion to support the effective running of the circuit , specifically the leaflet ‘The Role of a Trustee in The Methodist Church’ is given to all new Circuit meeting members as induction to their role as trustees.
## **Related Parties**
The Circuit was part of the Birmingham District to 31/082025 and is now part of the new West Midlands District. It is also accountable to the Methodist Conference.
The following Methodist Churches are related to the Circuit:
Arley Balsall Common Bedworth Coventry Central Hall Collycroft Earlsdon Meriden Nuneaton Radford & Holbrooks Ridge Lane Ryton Woodside Ave The following Local Ecumenical Partnerships are related to the Circuit: Atherstone Fillongley Horeston Grange
## **Method to appoint new Trustees**
When required, Churches within the Circuit put forward people to serve as Circuit Trustees. Trustees are expected to actively support and further the charity's work.
Page 5 of 28
Rlsk Management
The major risks have been identified and recorded by the Circuiys Stream 6 Finance & ResoUrS
Team with professional advice tsken as r4uired. Pemission has been obtained to transfer some
funds from the Modd Trust Fund during 2025126 so as to maintain adequate reseNes within the
General Fund.
Income and Expenditure is being monitored in total and is compared with the approved annual budget
on a regular basis to detect trends as part of the risk management process to avoid unforeseen calls
on reserves.
Safeguardlng
Every person has a value and dignty which comes directy from the creation of male and female in
God's own image and likeness. Christians see this potential as fvlfilled by God's rfrcreation of us in
Christ. Among other things this implies a duty to value all people as bearing the image of God a1
therefore to protect them from hami. Methodist Connexional practi outlines commitment to the
following prinpIeS..
. the care and nurture of. and respec1 pastoral ministy vth, all children. young people and adults.
the safeguarding and protection of all children. young people and adults when they are vulnerable.
the establishing of safe, caring communities whith provide a loving environment where th6re is
informed Vigilan as to the dangers of abuse.
We will carefully select and train all those with any responsibilty within the Church. in line with Safer
Recruitment principles, induding the use of criminal record disdosures through the Disclosure and
Barring Service (DBS)
We will respond withoLrt dday to every complaint made which suggests that an adult, child or young
person may have been hamied. cooperating with the police and local authority in any investigation.
We will seek to work with anyone who has suffered abuse. developing with them an appropriate
ministy of informed pastoral care.
We will seek lo challenge any abuse of power, especially by anyone in a position of trust.
We will seek to offer pastoral care and support, including supeNision and referral to the proper
authorities, to any member of our churth communty known to have offended against a child. young
person or vulnerable adult.
In all these principles we will foltow *islation, guidance and recognised good practice.
The Coventry & Nuneaton Circuit commits itself to ensuring the implementation of Connexional
Safeguarding Policy; government legislats'on, guidance and safe practice in the circuit and in the
churches.
The Coventry & Nuneaton Circuit commts itself to the provision of support, advice and training for lay
and ordained people that will ensure people are clear and confident about their roles and
responsibilities in safeguarding and promoting the welfare of children and adults who may be
vulnerable.
Reserves Pollcy
The Reserves Policy for the Circuit is to hold a minimum sum equivalent to 3 months. average
expenditure. This should be suffiaent to meet any unforeseen fÉem of major expendrture on manses
and l or to be able to conlinue, in the short term. fijnding planned activities in the event of any inability
to raise the full Circuit AsseSnerrt from Churches. At 31108125 the balance of general unrestricted
funds had fallen to be close to the nssary reseNes. and plans are in pl to ensure it does not fall
any futher.
Approved by the board of trustees on 4 March 2026 and signed on tts behalf by Rev Jill Marsh.
Paqe 6 of 28
## **Balance Sheet for the year ended 31 August 2025**
|**Note**
**Unrestricted**
**Designated**
**Funds**
**Funds**
**£**
**£**
**Fixed assets**
F01
**Tangible assets**
- 653,145
**_Total fixed assets_** 10 - 653,145
**Current assets**
**Debtors**
11 48,447 41
**Cash at bank and in hand**
14 52,776 634,228
**Current asset investments**
- -
**_Total current assets_**
101,223 634,269
12
(14,145) -
**_Net current assets/(liabilities)_**
87,078 634,269
**_Total assets_**
87,078 1,287,414
- -
**Provisions for liabilities**
- -
**_Total net assets or liabilities_**
87,078 1,287,414
**Funds of the Charity**
**Endowment funds**
**Restricted income funds**
16
**Unrestricted funds**
16 87,078 1,287,414
**Revaluation reserve**
**_Total funds_**
87,078 1,287,414
**Rev Jill Marsh**
**Creditors: amounts falling due within**
**one year**
**Creditors: amounts falling due after**
**one year**
**Signed by one trustee on behalf of all**
**the trustees**|**Note**
**Unrestricted**
**Designated**
**Funds**
**Funds**
**£**
**£**
**Fixed assets**
F01
**Tangible assets**
- 653,145
**_Total fixed assets_** 10 - 653,145
**Current assets**
**Debtors**
11 48,447 41
**Cash at bank and in hand**
14 52,776 634,228
**Current asset investments**
- -
**_Total current assets_**
101,223 634,269
12
(14,145) -
**_Net current assets/(liabilities)_**
87,078 634,269
**_Total assets_**
87,078 1,287,414
- -
**Provisions for liabilities**
- -
**_Total net assets or liabilities_**
87,078 1,287,414
**Funds of the Charity**
**Endowment funds**
**Restricted income funds**
16
**Unrestricted funds**
16 87,078 1,287,414
**Revaluation reserve**
**_Total funds_**
87,078 1,287,414
**Rev Jill Marsh**
**Creditors: amounts falling due within**
**one year**
**Creditors: amounts falling due after**
**one year**
**Signed by one trustee on behalf of all**
**the trustees**|**Unrestricted**
**Designated**
**Funds**
**Funds**
**£**
**£**
F01|**Unrestricted**
**Designated**
**Funds**
**Funds**
**£**
**£**
F01|**Restricted**
**Funds**
**£**
F02|**Total this**
**Total Prior**
**Year**
**Year**
**£**
**£**
F04
F05|**Total this**
**Total Prior**
**Year**
**Year**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|---|
|||-|653,145|-|653,145|653,145|
|||-|653,145|-|653,145|653,145|
||||||||
|||48,447|41|-|48,488|15,371|
|||52,776|634,228|1,681|688,684|806,569|
|||-|-|-|-|-|
|||101,223|634,269|1,681|737,172|821,940|
||||||||
|||(14,145)|-|-|(14,145)|(17,732)|
||||||||
|||87,078|634,269|1,681|723,027|804,208|
||||||||
|||87,078|1,287,414|1,681|1,376,173|1,457,354|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||87,078|1,287,414|1,681|1,376,173|1,457,354|
||||||||
||||||-|-|
|||||1,681|1,681|1,609|
|||87,078|1,287,414|-|1,374,492|1,455,744|
||||||-|-|
|||87,078|1,287,414|1,681|1,376,173|1,457,354|
||||||||
||||||**Date:**|04/03/2026|
||**Rev Jill Marsh**||||||
Page 7 of 28
**Coventry and Nuneaton Methodist Circuit (5/10) Annual accounts for the period 1/9/2024 to 31/8/2025**
**Charity No: 1134347**
## **Statement of Financial Activities (SOFA)**
|**Unrestricted**
**Designated**
**Restricted Endowment**
**Note**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**Incoming resources**
**Income and endowments from:**
Donations and legacies
2
2760- - -
Charitable activities (income)
2
274,877 5,767 - -
Other trading activities
2
8,373- - -
Investments
2
19,764 12,297 77 -
Separate material item of income
2
- - - -
Other
2
10,950 148 -
**_Total_**
316,724 18,212 77 -
**Resources expended**
**Expenditure on:**
Raising funds
3
- - - -
Charitable activities
3
(341,022) (75,166) (5)
Separate material item of expense
3
-
- -
Other
3
-
- -
**_Total_**
(341,022) (75,166) (5)-
(24,298) (56,954)72 -
Net gains/(losses) on investments
- - - -
**Net income/(expenditure)**
(24,298) (56,954)72 -
**Transfers between funds**
16
(20,000) 20,000 - -
- - - -
Other gains/(losses)
- - - -
**_Net movement in funds_**
(44,298) (36,954)72 -
**_Reconciliation of funds:_**
Total funds brought forward
16
131,376 1,324,368 1,609 -
**_Total funds carried forward_**
87,078
1,287,414
1,681
0
**Net income/(expenditure)**
**before investment**
**gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed
assets for the charity’s own use|**Unrestricted**
**Designated**
**Restricted Endowment**
**Note**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**Incoming resources**
**Income and endowments from:**
Donations and legacies
2
2760- - -
Charitable activities (income)
2
274,877 5,767 - -
Other trading activities
2
8,373- - -
Investments
2
19,764 12,297 77 -
Separate material item of income
2
- - - -
Other
2
10,950 148 -
**_Total_**
316,724 18,212 77 -
**Resources expended**
**Expenditure on:**
Raising funds
3
- - - -
Charitable activities
3
(341,022) (75,166) (5)
Separate material item of expense
3
-
- -
Other
3
-
- -
**_Total_**
(341,022) (75,166) (5)-
(24,298) (56,954)72 -
Net gains/(losses) on investments
- - - -
**Net income/(expenditure)**
(24,298) (56,954)72 -
**Transfers between funds**
16
(20,000) 20,000 - -
- - - -
Other gains/(losses)
- - - -
**_Net movement in funds_**
(44,298) (36,954)72 -
**_Reconciliation of funds:_**
Total funds brought forward
16
131,376 1,324,368 1,609 -
**_Total funds carried forward_**
87,078
1,287,414
1,681
0
**Net income/(expenditure)**
**before investment**
**gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed
assets for the charity’s own use|**Unrestricted**
**Designated**
**Restricted Endowment**
**Note**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**Incoming resources**
**Income and endowments from:**
Donations and legacies
2
2760- - -
Charitable activities (income)
2
274,877 5,767 - -
Other trading activities
2
8,373- - -
Investments
2
19,764 12,297 77 -
Separate material item of income
2
- - - -
Other
2
10,950 148 -
**_Total_**
316,724 18,212 77 -
**Resources expended**
**Expenditure on:**
Raising funds
3
- - - -
Charitable activities
3
(341,022) (75,166) (5)
Separate material item of expense
3
-
- -
Other
3
-
- -
**_Total_**
(341,022) (75,166) (5)-
(24,298) (56,954)72 -
Net gains/(losses) on investments
- - - -
**Net income/(expenditure)**
(24,298) (56,954)72 -
**Transfers between funds**
16
(20,000) 20,000 - -
- - - -
Other gains/(losses)
- - - -
**_Net movement in funds_**
(44,298) (36,954)72 -
**_Reconciliation of funds:_**
Total funds brought forward
16
131,376 1,324,368 1,609 -
**_Total funds carried forward_**
87,078
1,287,414
1,681
0
**Net income/(expenditure)**
**before investment**
**gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed
assets for the charity’s own use|**Unrestricted**
**Designated**
**Restricted Endowment**
**Note**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**Incoming resources**
**Income and endowments from:**
Donations and legacies
2
2760- - -
Charitable activities (income)
2
274,877 5,767 - -
Other trading activities
2
8,373- - -
Investments
2
19,764 12,297 77 -
Separate material item of income
2
- - - -
Other
2
10,950 148 -
**_Total_**
316,724 18,212 77 -
**Resources expended**
**Expenditure on:**
Raising funds
3
- - - -
Charitable activities
3
(341,022) (75,166) (5)
Separate material item of expense
3
-
- -
Other
3
-
- -
**_Total_**
(341,022) (75,166) (5)-
(24,298) (56,954)72 -
Net gains/(losses) on investments
- - - -
**Net income/(expenditure)**
(24,298) (56,954)72 -
**Transfers between funds**
16
(20,000) 20,000 - -
- - - -
Other gains/(losses)
- - - -
**_Net movement in funds_**
(44,298) (36,954)72 -
**_Reconciliation of funds:_**
Total funds brought forward
16
131,376 1,324,368 1,609 -
**_Total funds carried forward_**
87,078
1,287,414
1,681
0
**Net income/(expenditure)**
**before investment**
**gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed
assets for the charity’s own use|**Unrestricted**
**Designated**
**Restricted Endowment**
**Note**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**Incoming resources**
**Income and endowments from:**
Donations and legacies
2
2760- - -
Charitable activities (income)
2
274,877 5,767 - -
Other trading activities
2
8,373- - -
Investments
2
19,764 12,297 77 -
Separate material item of income
2
- - - -
Other
2
10,950 148 -
**_Total_**
316,724 18,212 77 -
**Resources expended**
**Expenditure on:**
Raising funds
3
- - - -
Charitable activities
3
(341,022) (75,166) (5)
Separate material item of expense
3
-
- -
Other
3
-
- -
**_Total_**
(341,022) (75,166) (5)-
(24,298) (56,954)72 -
Net gains/(losses) on investments
- - - -
**Net income/(expenditure)**
(24,298) (56,954)72 -
**Transfers between funds**
16
(20,000) 20,000 - -
- - - -
Other gains/(losses)
- - - -
**_Net movement in funds_**
(44,298) (36,954)72 -
**_Reconciliation of funds:_**
Total funds brought forward
16
131,376 1,324,368 1,609 -
**_Total funds carried forward_**
87,078
1,287,414
1,681
0
**Net income/(expenditure)**
**before investment**
**gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed
assets for the charity’s own use|**Total**
**Funds**
**£**|
|---|---|---|---|---|---|
||2760|-|-|-|2,760|
||274,877|5,767|-|-|280,644|
||8,373|-|-|-|8,373|
||19,764|12,297|77|-|32,138|
||-|-|-|-|-|
||10,950|148|-||11,098|
||316,724|18,212|77|-|335,012|
|||||||
||-|-|-|-|-|
||(341,022)|(75,166)|(5)||(416,193)|
||-||-|-|-|
||-||-|-|-|
||(341,022)|(75,166)|(5)|-|(416,193)|
|||||||
||(24,298)|(56,954)|72|-|(81,181)|
||-|-|-|-|-|
||(24,298)|(56,954)|72|-|(81,181)|
||(20,000)|20,000|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||(44,298)|(36,954)|72|-|(81,181)|
|||||||
||131,376|1,324,368|1,609|-|1,457,354|
||87,078|1,287,414|1,681|0|1,376,173|
Page 8 of 28
## **Coventry and Nuneaton Methodist Circuit (5/10) Annual accounts for the period 1/9/2023 to 31/8/2024**
## **Statement of Financial Activities (SOFA) Prior Year**
|**Statement of Financial**|**Activities (SOFA) Prior Year**|**Activities (SOFA) Prior Year**|**Activities (SOFA) Prior Year**|**Activities (SOFA) Prior Year**|**Activities (SOFA) Prior Year**|
|---|---|---|---|---|---|
|**Incoming resources**
**Income and endowments from:**
Donations and legacies
Charitable activities
Other trading activities
Investments
Separate material item of income
Other
**_Total_**
**Resources expended**
**Expenditure on:**
Raising funds
Charitable activities
Separate material item of expense
Other
**_Total_**
Net gains/(losses) on investments
**Net income/(expenditure)**
**Transfers between funds**
Other gains/(losses)
**_Net movement in funds_**
**_Reconciliation of funds:_**
Total funds brought forward
**_Total funds carried forward_**
**Net income/(expenditure)**
**before investment**
**gains/(losses)**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed
assets for the charity’s own use|**Total funds**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**Designated**
**Funds**
**Restricted**
**funds**
**Endowme**
**nt funds**|||||
||-|5,195|-|-|5,195|
||316,329|6,094|-|-|322,423|
||-|-|-|-|-|
||24,615|13,931|83|-|38,629|
||-|-|-|-|-|
||6,900|-|-|-|6,900|
||347,846|25,218|83|-|373,147|
|||||||
||-|-|-|-|-|
||(357,289)|(62,120)|(4)|-|(419,413)|
||-||-|-|-|
||-||-|-|-|
||(357,289)|(62,120)|(4)|-|(419,413)|
|||||||
||(9,443)|(36,901)|78|-|(46,266)|
||-|-|-|-|-|
||(9,443)|(36,901)|78|-|(46,266)|
||(12,000)|12,000|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||(21,443)|(24,901)|78|-|(46,266)|
|||||||
||152,820|1,349,269|1,531|-|1,503,620|
||131,376|1,324,368|1,609|-|1,457,354|
**Note: Income has been reclassified to show payments from churches as payments for charitable services** This is in accordance with standard Methodist practice.
Page 9 of 28
## **Cash flow statement for the year ended 31 August 2025**
|||**This year**|**Prior year**|
|---|---|---|---|
||**Note**|**£**|**£**|
|**Cash from operating activities**||||
|Net cashprovided by (used in)operatingactivities||**(150,022) **|**(81,164)**|
|**Cash flows from investing activities**||||
|Dividends,interest and rents from investments|2|32,138|38,629|
|Proceeds from the sale of property,plant and equipment||0|-|
|Purchase of property,plant and equipment|10|0|-|
|Purchase of intangible assets||0|-|
|Proceeds from the sale of investments||0|-|
|Purchase of investments||0|-|
|Other||0|-|
|**Net cash provided by (used in) investing activities**||**32,138**|38,629|
|**Cash flows from financing activities**||||
|New borrowing||0|0|
|Repayments of borrowing||0|0|
|**Net cash provided by (used in) financing activities**||**0**|**0**|
|Change in cash and cash equivalents in the reporting period||(117,885)|(42,535)|
|Cash and cash equivalents at the beginning of the reporting period|14|806,569|**849,104**|
|**Cash and cash equivalents at the end of the reporting period**||**688,684**|**806,569**|
|||**This year**|**Prior year**|
|**Reconciliation of net income to net cash flow from operating activities**||**£**|**£**|
|Net income/(expenditure) for the reporting period (as per SOFA)||(81,181)|(46,266)|
|Adjustments for:||||
|Depreciation and amortisation charges||0|0|
|Profit on the sale of fixed assets||0|0|
|Loss on the sale of fixed assets||0|0|
|Gains on investments||0|0|
|Dividends, interest and rents from investments|2|(32,138)|(38,629)|
|Decrease/(increase) in stocks||0|0|
|(increase)/decrease in debtors|11|(33,117)|1,523|
|increase/(decrease) in creditors|12|(3,587)|2,208|
|**Net cash used in operating activities**||**(150,022)**|**(81,164)**|
|||**This year**|**Prior year**|
|**Analysis of cash and cash equivalent**||**£**|**£**|
|Cash in hand|14|688,684|**806,569**|
|Short term deposit (less than 3 months)||-|-|
|**Total cash and cash equivalents**||**688,684**|**806,569**|
Page 10 of 28
**Notes to the accounts**
## **Note 1 Accounting Policies**
## **Basis of preparation and legal framework**
These accounts 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.The accounts have been prepared in accordance with:
1. the Statement of Recommended Practice: Accounting and Reporting by 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).
2. and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
Based on the monetary assets and human resources available as at 31 August 2025, the trustees believe that the Circuit is a going concern.
The Circuit has denominational regulatory oversight in respect of the work of the Churches within the Circuit but has no legal or operational control of those Churches and their governing bodies except in extreme circumstances. For this reason, the accounts of the Churches within the Circuit are not consolidated into these financial statements.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **Recognition of income**
These are included in the Statement of Financial Activities (SoFA) when:
- the charity becomes entitled to the resources;
- it is more likely than not that the trustees will receive the resources; and
- the monetary value can be measured with sufficient reliability.
## **Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
## **Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income is only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Page 11 of 28
## **Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met.
## **Contractual income and performance related grants**
This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions.
## **Donated goods**
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable.
## **Donated services and facilities**
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
## **Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
## **Income from interest, royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
## **Income from membership subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.
## **Settlement of insurance claims**
Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.
Page 12 of 28
## **Investment gains and losses**
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **EXPENDITURE AND LIABILITIES**
## **Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
## **Grants with performance conditions**
Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output.
## **Grants payable without performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation is recognised.
## **Redundancy cost**
The charity made no redundancy payments during the reporting period.
## **Deferred income**
No material item of deferred income has been included in the accounts.
## **Creditors**
The charity has creditors which are measured at settlement amounts less any trade discounts.
## **Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date
## **Basic financial liabilities**
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## **Derecognition of financial liabilities**
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
Page 13 of 28
## **ASSETS**
## **Basic financial assets**
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## **Tangible fixed assets for use by charity**
These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost. The depreciation rates and methods used are disclosed in the notes.
## **Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments
## **Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
## **Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## **Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Page 14 of 28
## **Notes to the accounts**
## **Note 2 Analysis of income**
|**Note 2 Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|
|---|---|---|---|---|---|---|
|**Analysis**
**Total funds Prior year**
**£**
**£**
Share of District surplus
2,760
2,760 -
Other donations
- - - 5,195
**Total 2,760 - - 2,760 5,195**
Church Assessments:
Arley
6,000 - - 6,000 8,857
Atherstone
2,000 - - 2,000 2,000
Balsall Common
40,000 - - 40,000 40,122
Bedworth
13,500 - - 13,500 12,757
Central Hall
50,004 - - 50,004 73,884
Collycroft
3,000 - - 3,000 5,043
Earlsdon
45,000 - - 45,000 59,468
Fillongley
5,000 - - 5,000 4,735
Horeston Grange
750 - - 750 600
Meriden
13,000 - - 13,000 13,055
Nuneaton
33,002 - - 33,002 33,025
Radford & Holbrooks
18,000 - - 18,000 12,677
Ridge Lane
3,000 - - 3,000 3,331
Ryton
10,000 - - 10,000 9,654
Woodside Ave
32,621 - - 32,621 32,621
**Total assessments**
**274,877**
**274,877 311,829**
Woodside Ave Parish Nurse
4,846 - - 4,846 6,094
Grants
921 - - 921 4,500
**Total 280,644 - - 280,644 322,423**
Lettings
8,373 - - 8,373 -
- - - - -
**Total 8,373 - - 8,373 -**
Interest income
32,061 77 - 32,138 38,629
- - - - -
**Total 32,061 77 - 32,138 38,629**
- - - - -
- - - - -
- - - - -
**Total - - - - -**
**Other:**
Insurance income
148
148**-**
Other
10,950 - - 10,950 6,900
**Total 11,098 - - 11,098 6,900**
**TOTAL INCOME**
**334,935 77 - 335,012**
**373,147**
**Other information:**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**
**Donations and**
**legacies:**
**Charitable**
**activities:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Analysis**
**Total funds Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**||||||
||Share of District surplus
|2,760|||2,760|-|
||Other donations||-|-|-|5,195|
||**Total**|**2,760**|**-**|**-**|**2,760**|**5,195**|
||||||||
||Church Assessments:||||||
||Arley|6,000|-|-|6,000|8,857|
||Atherstone|2,000|-|-|2,000|2,000|
||Balsall Common|40,000|-|-|40,000|40,122|
||Bedworth|13,500|-|-|13,500|12,757|
||Central Hall|50,004|-|-|50,004|73,884|
||Collycroft|3,000|-|-|3,000|5,043|
||Earlsdon|45,000|-|-|45,000|59,468|
||Fillongley|5,000|-|-|5,000|4,735|
||Horeston Grange|750|-|-|750|600|
||Meriden|13,000|-|-|13,000|13,055|
||Nuneaton|33,002|-|-|33,002|33,025|
||Radford & Holbrooks|18,000|-|-|18,000|12,677|
||Ridge Lane|3,000|-|-|3,000|3,331|
||Ryton|10,000|-|-|10,000|9,654|
||Woodside Ave|32,621|-|-|32,621|32,621|
||**Total assessments**|**274,877**|||**274,877 **|**311,829**|
||Woodside Ave Parish Nurse|4,846|-|-|4,846|6,094|
||Grants|921|-|-|921|4,500|
||**Total**|**280,644**|**-**|**-**|**280,644**|**322,423**|
||||||||
||Lettings|8,373|-|-|8,373|-|
|||-|-|-|-|-|
||**Total**|**8,373**|**-**|**-**|**8,373**|**-**|
||||||||
||Interest income|32,061|77|-|32,138|38,629|
|||-|-|-|-|-|
||**Total**|**32,061**|**77**|**-**|**32,138**|**38,629**|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|**-**|**-**|**-**|**-**|**-**|
||||||||
||Insurance income|148|||148|**-**|
||Other|10,950|-|-|10,950|6,900|
||**Total**|**11,098**|**-**|**-**|**11,098**|**6,900**|
||||||||
|||**334,935**|**77**|**-**|**335,012**|**373,147**|
||||||||
|**All income in the prior year was unrestricted**
**except for:**||£83 interest for funds held in the restricted Weatherall Memorial
Fund|||||
Page 15 of 28
## **Notes to the accounts (cont)**
## **Note 3 Analysis of expenditure**
|**Analysis**
**Total expenditure on raising funds**
Stipends, Salaries,NIC &Pension
Supernumary/retired Minister fees
Travel
Administrative
Manse Insurance
Manse occupation
Manse Maintenance
Grants and donations
District Assessments
District Levy on surplus funds
Training and other Ministerial
Stationing costs
Gifts
**Total**
**Other**
**Total other expenditure**
**TOTAL EXPENDITURE**
**Expenditure on**
**raising funds:**
**Expenditure on**
**charitable**
**activities**
**Total expenditure on charitable**
**activities**
**Separate material**
**item of expense**|**Analysis**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|**Total funds**
**Prior year**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**funds**
**Endowment**
**funds**|
|---|---|---|---|---|---|---|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total expenditure on raising funds**|**-**|**-**|**-**|**-**|**-**|
||||||||
||Stipends, Salaries,NIC &Pension|250,248|||250,248|252,905|
||Supernumary/retired Minister fees|2,565|-|-|2,565|3,180|
||Travel|5,708|-|-|5,708|6,584|
||Administrative|7,920|5|-|7,925|6,243|
||Manse Insurance|3,547|-|-|3,547|3,278|
||Manse occupation|21,080|-|-|21,080|23,269|
||Manse Maintenance|16,380|-|-|16,380|23,416|
||Grants and donations|15,000|-|-|15,000|11,080|
||District Assessments|74,820|-|-|74,820|72,636|
||District Levy on surplus funds|9,547|-|-|9,547|9,159|
||Training and other Ministerial|5,925|-|-|5,925|3,621|
||Stationing costs|3,448|-|-|3,448|4,041|
||Gifts|-|-|-|-|-|
||**Total expenditure on charitable**
**activities**|**416,188**|**5**|**-**|**416,193**|**419,413**|
||||||||
||||-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|**-**|**-**|**-**|**-**|**-**|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total other expenditure**|**-**|**-**|**-**|**-**|**-**|
||||||||
|||**416,188**|**5**|**-**|**416,193**|**419,413**|
Page 16 of 28
## **Notes to the accounts (cont)**
## **Note 4 Loans to Churches**
|**Note 4**|**Loans to Churches**||||||
|---|---|---|---|---|---|---|
|**Name of Church**|**Purpose of Loan**|**Repayment Terms**||**Total**
**Loan**|**Total at**
**31/08/2025**||
|Coventry Central
Hall|Emergency Lift Replacement|Within 2025/26 unless
agreed otherwise||**£**|**£**||
|||||30,000|30,000||
|Ridge Lane
Methodist Chruch|Building Repairs|£125 a month from
01/09/2025||4,000|4,000||
||||**_Total_**|**34,000**|**34,000**||
## **Note 5 Funds received as agent**
The Circuit sometimes received income from churches within the Circuit asking for the money to be passed on to either the central Methodist Connexional funds or to charities or to presbyters and deacons.
|||**Amount received**|**Amount received**|**Amountpaid out**|**Amountpaid out**|**Balance held at**
**period end**|**Balance held at**
**period end**|
|---|---|---|---|---|---|---|---|
|**Description/name of party**|**Related**
**party?**|**Thisyear**|**Prioryear **|**Thisyear **|**Prioryear **|**Thisyear**|**Prior**
**year**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|International Children’s Trust|Yes|-|840|1,392|-|-|1,392|
|World Mission|Yes|-|170|100|170|-|100|
|||||||||
|Other|No|626|802|639|795|(13)|-|
|**Total**||**626**|**1,812**|**2,131**|**965**|**(13) **|**1,492**|
## **Note 6 Details of certain items of expenditure**
**Fees for examination of the accounts**
**Independent examiner’s fees**
|**This year**
**£**|**Prior year**
**£**|
|---|---|
|1,812|1,740|
Page 17 of 28
**Notes to the accounts (cont)**
## **Note 7 Paid employees**
## **Staff Costs**
|**Staff Costs**|||
|---|---|---|
|**Salaries and wages**
**Social security costs**
**Apprenticeship Levy**
**Pension costs (Ministers defined contribution scheme)**
**Pension costs (Layworker money purchase scheme)**
**Total staff costs**|**This year**
**£**|**Prior year**
**£**|
||199,930|192,705|
||20,694|17,706|
||1,000|944|
||24,816|39,059|
||3,808|2,491|
||**250,248**|**252,905**|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000
## **Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity**
Jill Marsh, Christine Crabtree, Doreen Koffee-Williams and Stephen Willey are key management personel, trustees and employees. They are paid as Ministers of churches and not for their trustee duties. The total amount paid for their Ministerial service (including stipend, allowances, employer's NI and pension) was £166,486.
**Average head count in the year The parts of the charity in which the employees work**
||**This year**
**Number**|**Prior year**
**Number**|
|---|---|---|
|**Ministers**|4.0|5.0|
|**Ministerial lay workers**|-|-|
|**Admin lay workers**|1.4|1.0|
|**Other**|1.0|0.4|
|**Total**|**6.4**|**6.4**|
Page 18 of 28
## **Notes to the accounts (cont)**
## **Note 8 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.**
**Amount of contributions recognised in the SOFA as an expense**
£24,816
**Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds.**
Contribution towards pension costs of the Methodist Conference, who are the single employer.
The charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.
**Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for the reporting charity**
The scheme deficit is not allocated to individual Methodist Circuits. The Methodist Conference is responsible for the deficit (as the single employer).
Page 19 of 28
**Notes to the accounts (cont)**
## **Note 9 Grants and Donations**
## **Analysis of grants and donations paid (included in cost of charitable activities)**
|**Analysis**||**Grants to**
**institutions**|**Grants to**
**individuals**|**Support**
**costs**|**Donation**|**Total**|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|
|CoventryCentral Hall||15,000|-|-|-|15,000|
|**_Total_**||**15,000**|**-**|**-**|**-**|**15,000**|
## **Grants and donations made to institutions**
The charity has made grants to particular institutions that are material in the context of its grantmaking. Details of the institution supported, purpose of the grant and total paid to each institution is listed below.
|**Names of institution**|**Purpose**|**Total amount of**
**grants paid £**|
|---|---|---|
|Coventry Central Hall|Building project fees|15,000|
|**Total grants to institutions in reporting period**||**15,000**|
|**Other unanalysedgrants and donations**||-|
|**TOTAL GRANTS AND DONATIONS PAID**||**15,000**|
Page 20 of 28
## **Notes to the accounts (cont)**
## **Note 10 Tangible fixed assets**
The Circuit owns five houses (manses) that the Ministers use (one is currently let out):
|**Property**|**Year**
**purchased**|**Cost(£)**|**Insured value 2025/26**
**(£)**|
**Insured value**
**2024/25(£)**|
|---|---|---|---|---|
|Station Road|1994|60,000|643,079|614,796|
|Joanna Drive|1971|10,150|606,823|580,135|
|Pangfield Park|2004|274,043|604,970|578,364|
|Higham Lane|1982|46,452|471,981|451,224|
|Hatters Court|2018|262,500|488,185|466,715|
|**TOTAL**||**653,145**|**2,815,038**|**2,691,234**|
## **Cost or valuation**
|**Cost or valuation**||||||
|---|---|---|---|---|---|
||**£**
**Freehold land &**
**buildings**|**£**
**Other land &**
**buildings**|**£**
**Plant, machinery and**
**motor vehicles**|**£**
**Fixtures, fittings and**
**equipment**|**Total**
**£**|
|At the beginningof theyear|653,145|-|-|-|653,145|
|Additions|-|-|-|-|-|
|Revaluations|-|-|-|-|-|
|Disposals|-|-|-|-|-|
|Transfers|-|-|-|-|-|
|Moved to current asset
investment|-|-|-|-|-|
|At end of the year|**653,145**|**-**|**-**|**-**|**653,145**|
## **10.1 Depreciation and impairments**
Manses have not been depreciated or impaired.
## **10.2 Net book value**
|**10.2 Net book value**||||||
|---|---|---|---|---|---|
||**Freehold land &**
**buildings**|**Other land &**
**buildings**|**Plant, machinery and**
**motor vehicles**|**Fixtures, fittings and**
**equipment**|**Total**|
|Net book value at the
beginning of the year|653,145|-|-|-|653,145|
|Net book value at the end of
the year|653,145|-|-|-|653,145|
## **10.3 Church Buildings**
The ownership of the vast majority of Methodist Church property rests with the Trustees for Methodist Church Purposes (“the Board”) — a Trust Corporation constituted by the Methodist Church Act 1939. Each Church is a charity in its own right and as such can reflect the asset on their balance sheet.
The Circuit does not recognise Church property on its balance sheet.
If the TMCP Board permit the sale of a Church (for example due to closure), a Connexional Priority levy is deducted from all capital money arising from the sale. The amount of levy deducted is nil on the first £20,000, 20% on any excess over £20,000 up to £100,000 and 40% on any excess over £100,000.
The sale proceeds after the levy has been deducted are provided to the Circuit, and Circuit Trustees can decide on how to best use the funds.
Net sale proceeds (if any) are included in the Circuit accounts as separate item of material income, shown in note 2.
Page 21 of 28
## **Notes to the accounts (cont)**
## **Note 11 Debtors and prepayments**
## **Analysis of debtors and prepayments**
Loans to churches (see also Note 4) Outstanding Parish Nurse invoices Ministers payroll pre-paid Other prepayments (agency funds) **Total debtors**
|**s**||
|---|---|
|**This year**
**£**|**Last year**
**£**|
|34,000|-|
|28||
|14,447|15,371|
|13|-|
|**48,488**|15,371|
## **Note 12 Creditors and accruals**
## **Analysis of creditors**
|**Analysis of creditors**|||
|---|---|---|
|
Assessments received in advance
Other creditors
Agency funds held for others (to be paid out)|**Amounts falling due**
**within oneyear**||
||**This year**
**£**|**Last year**
**£**|
||12,333|14,500|
||1,812|1,740|
||-|1,492|
||**14,145**|**17,732**|
Page 22 of 28
**Notes to the accounts (cont)**
## **Note 13 Funding Commitments**
The Circuit Meeting has agreed to some multi-year grants. The grants will only be payable if the conditions attached are met and are reviewed annually. Therefore, a liability has not been included for future grants. Details of such grants are listed below.
|**Commitment made**|**£**|**Time frame**|**Conditions**|**Funded by**|
|---|---|---|---|---|
|Coventry Central Hall - Building
Improvements|201,976|up to
2026/27|Building improvements
happen|Model Trust Fund|
|Woodside - Parish Nursing Project|6,499|Continuing
subject to
review of
future funding|Parish Nurse employed
|Model Trust Fund|
|Nuneaton- Community Development Worker|43,679|up to
2026/27|Worker Employed|Model Trust Fund|
## **Note 14 Cash at bank and in hand**
|**HSBC Bank**
**CAF Bank**
**Methodist Central Finance Board (CFB)**
**Trustees for Methodist Church Purposes (TMCP)**
**Total**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||36|13,606|
||30,523|61,947|
||430,497|462,042|
||227,628|268,974|
||**688,684**|**806,569**|
||||
## **Note 15 Financial Instruments**
## **Carrying amount of financial assets**
Debt instruments measurered at amortised cost
## **Carrying amount of financial liabilities**
Measured at amortised cost
|**This year**
**£**|**Last year**
**£**|
|---|---|
|48,488|15,371|
|||
|14,145|17,732|
Page 23 of 28
**Notes to the accounts (cont)**
**Note 16 Charity funds**
## **Details of material funds held and movements during the CURRENT reporting period**
## _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; D - designated funds and U - unrestricted funds**_
|**Fund names**|**Type***|**Purpose and Restrictions**|**£**
**Fund balances**
**b/fwd**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**£**
**Gains and**
**losses**|**£**
**Fund balances**
**c/fwd**|
|---|---|---|---|---|---|---|---|---|
|General|U|General workingfunds of the Circuit|131,376|316,724|(341,022)|(20,000)|-|**87,078**|
||||||||||
|Manse Repair Fund|D|A fund to help cover costs of manse
(house)repairs.|22,039|148|(16,380)|20,000|-|**25,807**|
|Model Trust Fund|D|Circuit model trust fund, used for
specific projects/staffing that is
related to local mission/wider
Methodist mission.|623,783|16,795|(57,536)|-|-|**583,042**|
|Warner memorial|D|Will be used to support costs incurred
byLocal Preachers|25,399
|1,269|(1,249)|-|-|**25,419**|
|Circuit Model Trust|D|Fixed assets|653,146|-|-|-|-|**653,146**|
|||**Sub-total**|**1,324,368**|**18,212**|**(75,165)**|**20,000**|**-**|**1,287,415**|
||||||||||
|Weatherall|R|Bibles for Local Preachers|1,609|77|(5)|-|-|**1,681**|
|||**Sub-total**|1,609|**77**|**(5)**|**-**|**-**|**1,681**|
|||**Total Funds**|**1,457,353**|**335,013**|**(416,192) **|**-**||**1,376,174**|
## **Transfers between funds (2024/25)**
|**From Fund**|**To Fund**|**Amount**|**Reason**|
|---|---|---|---|
|General|Manse Repair|20,000|Agreed to move suffiicient funds eachyear for Manse repairs.|
|||||
|||||
## **Details of material funds held and movements during the PREVIOUS reporting period**
_*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type***|**Purpose and Restrictions**|**£**
**Fund balances**
**b/fwd**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**£**
**Gains and**
**losses**|**£**
**Fund balances**
**c/fwd**|
|---|---|---|---|---|---|---|---|---|
|General|U|General workingfunds of the Circuit|152,819|347,846|(357,289)|(12,000)|-|131,376|
|||**Sub-total**|152,819|347,846|**(357,289) **|**(12,000) **|**-**|131,376|
||||||||||
|Manse Repair Fund|D|A fund to help cover costs of manse
(house)repairs.|33,456|-|(23,416)|12,000|-|**22,039**|
|Circuit Model Trust|D|Circuit model trust fund, used for
specific projects/staffing that is
related to local mission/wider
Methodist mission.|637,968|23,860|(38,044)|0|-|623,783|
|Warner memorial|D|Will be used to support costs incurred
byLocal Preachers|24,700
|1,359|(659)|-|-|25,399|
|Circuit Model Trust|D|Fixed assets|653,146|-|-|-|-|653,146|
|||**Sub-total**|**1,349,269**|**25,218**|**(62,120)**|**12,000**|**-**|**1,324,368**|
||||||||||
|Weatherall|R|Bibles for Local Preachers|1,531|83|(4)|-|-|1,609|
|||**Sub-total**|**1,531**|**83**|**(4)**|**-**|**-**|1,609|
|||**Total Funds**|**1,503,619**|**373,147**|**(419,413) **|**-**|**-**|**1,457,353**|
Page 24 of 28
**Notes to the accounts (cont)**
## **Note 17 Transactions with trustees and related parties**
## **Trustee remuneration and benefits**
Some Trustees have been paid remuneration and/or received other benefits from an employment with the Circuit.
|**Name of trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|
|---|---|---|---|---|---|
|||**Thisyear**||||
|||**Remuneration**|**Pension**
**contribution**|**Redundancy**
**(including loss**
**of office)/ex**
**gratia**|**Other**
|
|Jill Marsh|Governing Document|34,329|6,204|-|-|
|Christine Crabtree|Governing Document|31,227|6,204|-|-|
|Doreen Koffee-Williams|Governing Document|31,227|6,204|-|-|
|Stephen Willey|Governing Document|31,227|6,204|-|-|
**Details of why remuneration or other employment benefits were paid:**
Ministers of religion remuneration as agreed nationally by Methodist Conference
## **Trustees' expenses**
## **Trustee expenses have been incurred as below**
|**Type of expenses reimbursed**|**This year**|**Last year**|
|---|---|---|
||**£**|**£**|
|Travel|2,761|5,041|
|Ministers Telephone|420|720|
|Other|-|-|
|**TOTAL**|**3,181**|**5,761**|
**Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity**
5 (5 last year) Trustees were re-imbursed for expenses. No Trustees were re-imbursed expenses for their Trustee role.
Page 25 of 28
## **Note 17 Continued**
## **Transaction(s) with related parties This year**
|**Thisyear**||||||
|---|---|---|---|---|---|
|**Name of the trustee**
**or related party**|**Relationship to**
**charity**|**Description of the transaction(s)**
|**Income (£)**|**Expenditure**
**(£)**|**Balance**
**at period**
**end(£)**|
|Coventry Central Hall|Common
Trustees|Loans made|-|(30,000)|-|
|Coventry Central Hall|Common
Trustees|Grants made|-|(15,000)|-|
|Ridge Lane Methodist
Church|Common
Trustees|Loans made|-|(4,000)|-|
|Circuit Churches
(see note 2)|Common
Trustees|Payments for the running of the circuit
and wider Methodist Church|279,723|-|-|
|Birmingham District|Common
Trustees|Assessment|2,760|(74,820)|(72,060)|
|Birmingham District|Common
Trustees|Grants received|921|-|-|
There was no provision for bad debts at the end of the period. No amounts were written off during the period.
## **Last year**
|**Lastyear**||||||
|---|---|---|---|---|---|
|**Name of the trustee**
**or related party**|**Relationship to**
**charity**|**Description of the transaction(s)**
|**Income (£)**|**Expenditure**
**(£)**|**Balance**
**at period**
**end(£)**|
|ArleyMethodist Church|Common
Trustees|Grants made|-|(755)|-|
|CoventryCentral Hall|Common
Trustees|Grants made|-|(10,000)|-|
|Fillongley Methodist
Church|Common
Trustees|Grants made|-|(325)|-|
|Circuit Churches
(see note 2)|Common
Trustees|Payments for the running of the circuit
and wider Methodist Church|317,923|-|-|
|Birmingham District|Common
Trustees|Assessment|-|(72,636)|-|
|Birmingham District|Common
Trustees|Grants received|4,500|-|-|
There was no provision for bad debts at the end of the period. No amounts were written off during the period.
Page 26 of 28
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