Il•bury M•thodlit Clrcult POAYOF THe TRUSTees AND AUOITIO IINANQ4LSTATIMENTS Foft THeYeAR Q140ED 31 AUfjLIK 101$
S•llibury Mèthodlit Clf¢uIt CONTEfrITS OF THE FINANCIAL sfATEMtNTS FOR TH£ VEAR ENOEO 31 AUGUST 1025 pile Ch•rKy Inlormatioii Rportof thè Trn¥te$ Ind•pendenl Aydltors Report 9-12 Statementof Fln•ncl•l Actlvltlés 13 *lathcè Sheet 14 Statern¢nt4f C15h Flows Is Notestothe Fln•nclal siatements 16-26 Appendlx A 27-28
Salisbury Methodist Circuit CHARITY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2025 The members of the Salisbury Methodist Circuit meeting are the Charity Trustees, membership being made up of circuit office holders, minister5 and representatives appointed by the local churches. Full membership Is shown as Appendix A to this reptsrt. ACTIVE CIRCUIT MINISTERS.. Rev Dr Mark Cheetham Rev Denlse Binks Rev Steve Hawkes (part timel STEWARDS: Mrs Susan Holmes Mrs Fiona Sherman Mrs Linda Hayman Major Tom Casey IAY EMPLOYEES: Mrs Sarah Taylor- Administrator Mrs jacqueline Saunders - Lay Pastoral Assistant Mr Graham Wilson Circuit Bursar PRINCIPAL ADDRESS,. Salisbury Methodist Church 26 St Ed¢mond5 Chur¢h Street Salisbury SPI IEF CHARITY NUMBER: 1134362 AUDITOR: Fawcetts LLP Charlefed Ac¢ountanls and Statutory Auditors Windover House St Ann Street Salisburv SPI 2DR INVESTMENT BANKERS: Central Fis)ance Board of the Methodist Church. Trustees for Methodist Church Purposes ITMCPI 8ANKERS'. CAF Bank Ltd SOLICITORS: Batt Broadbent Solicitor5 LLP
Sillibury Mplhodlst Clrtull RePORf OF fME TIIUSTEES FOR THE YEAR ENOÈD 31 AUGUST 202S The circuit Iconkistln8 of 10 thurches and iwo cla$5es at Pitton and Quidhamptonl spans the land of the five river5 around the fine cathedral tlty of Salisbury. From the rugged beauty of Sallsbury plaln In the noith, io the pictuFesque surroundln85 Df the New Forest Nallonal Park In the 50Uth and thÈ rolllng hills of Dorset to the west, we are blessed with the ever-present ieminder of God's powèr of creorion. The v15ion of rhe Salisbury Methodist Ciicuit 15.ta kr for our5elve5 and to thaie the Good News of God's love in Jesus by ontoura8ing and enabling Ihe peoplp and churches of thÈ Circult to serve rheir communities and the wider world.. Its mlsslon prlority 1s.to create bubbles of tommunity that effer sanctuaiy, en8agemenr, and falth entounter. WE do this by'.- BeinÉ an effective Chrisrian presenie in our tommunities and demonstr3tlng a passion for our faith OfferinÉ Inspiring. welcoming WDfship and tsthÈr attivitiÈs Creètlng an open, carlng and supporrive environment for all we can reach fteco8nisin8, respectin8 and encouraging rhe 81ft5 of all Discerning, trainin6, developing and sharing our gifts and ski115 3tr05S the CiTCUit Deepening our faith and 8IOWln8 discipleship Communicating the gi)od new5 enthusibstically In ways that make sense to people today Embracing new opportunitie5 and reactlng P051tNÈly to change Aevlew of the year In September 2024 the Salisburyciriuit welcomeij three churches. gell Street United Church, MottombÈ. and Tisbury. Into the circuitfrom the Yeovil and Blèckmore Vèle Clrcuii The Reverend Denise binks also transferred Inro rhe mini5terlal ream Th15 year has bpen èn opportunity for the circult to develop its understaftdin8 of ihe skllls and gifts of rhose in the new part of the ciicuit. It hès been encoura8in8 to See the level Df support from èll parts of the circuit at shared circuit seTVites and the developing relationship93t Ioc31 preacher, cifiuit and other meetin8S. The Circuit Leadership team has con501idèted Its eMp&rience under the continuing le4der5hip of Revorend Dr Mark Cheetham Mr5 Christine Fordham, h3vin8 retired from her role as 8emerron's ovtreach worker, has leined the Circuir srewards team. The Leadership team ha& also expènded to Inclyde è repre5eniaiive of the Justice ènd Peèce group 10 enable their work io align closely ta the pr40rities a8reed in the Circuit Mission plan. Following13sr year's Tesearch into community needs in the Fordingbridge area, the Circuit rneeting a8rÈed i September to a proposal tg develop a Lay Pastor Pioneerin8 rtrle ro serve In the southern pait of the iircuit. Work has been carried out durin8 the year io Identify source5 of fundin8 and refine the role profile ro en3ble the successful recruitmEnr of a Lèv Pastor who will begin their Work in Autumn 2025. ConsSder3ble work has been carried out to prepare the FordSngbridg£ church site for sale, includin8 the appropriats transfer of those buried there to the touncil temÈtery. Following the successful mowe of rhe rernain5 and associated memtrrial plaques. the church wa5 rnarketed and sold, subject lo coniract. in the late summer of 2Q25. Funds raised from the sale will be uged 10 5UPPDrt the outreach activities of the pioneer prolect In October an expèndÈd grtrup of young people 8iiended the 3Gen event in Birmingham with circuit support. It WBS good to shèrt their txperiences In 8 celebration seThfjce In November and we look forward 10 rhe conDnued en8a8em@nt of these young people in their chuiches.
S•llibury M•thodlit Clrtult AÉPORT OF THE TftUSfEES FOR THE YEAR ENDED 31 AUGUST 2025 The Circuit Justice and PeaceEroup, formed with represehtativ25 frorn 5ever•l rhurche5, ho5 continued to prompt us to develop our engagemenr with world issues Following the appointment of the Orcuit ECO champlon. the clicult has been Successful in achlevlng the Bronze ECO clrcuit avlard. Bemerton Method15t church has now 3chlevEd a Bronze Award ttsloln Amesbury's and Sollsbufv has malntainEd Its Sllver Award. Thp con6regations at MDtcombe, Tisbuiy and bell St. Shafto5bury aro curfpntly eKplorlnd how they may de¥plop thi5 a5PeCt of oui life together. During the ststionlng proce55, the Reverend Steve Hawkes declded to follow hlscéll to hospltsl chaplainry and so the Clicuit Stewards and Ciicu*t Inviiation Commirree developed 3 role pro>flle to provide pastoral suppoit foi the churches which weie undei his super¥lsion A probationtr pre9bytet has been c315ed io join thE Staff teèm from SeptembeF 2025. At the same time, the potential to È&tablish a pioneer Deaton p05t to support the outreach in AmesbuTV and acrossthe miliiary lamps in the afea wa5 explored. Thi5 ha5 Ipd to the suicessful appointment Df a de4con in this yeaf's Stationing round. They will 3150 join the Staff team from September 2025. In the sprlnga review was carrled out of the work of the current Outreach worker at Bemerton and their fole In supportin8 the Café/ Church on the Green projert. This hès been consolldated with the proposed outreèch worker rule at Tisbury. Acircuit-based oulreath worker role profile has bEen developed 3nd recruitmentof a suitable person completed. Mrs Meli553 Noi5h began work in this Pllst in Au8USt 2025. uildinB on the Justlce and Peace group's idenrificabon of local hou51ng injystices, WOTk was done wlth the Connexlonal property team ro explore how the redundant church in Wlnterslow might be redeveloped to support assisred livln8 1 soclal hotssin8 pfoiecis. Ultimately thls was not found to be a viable scheme and the church has Subsequently bEèn sold with completion of the sèle in early September 2025 for £191k. At the samo timo, thÈ sotiÈty in 8emÈrton has been explorin8 Optlons for the use ot its site and the tircuit awned mJnsÉ. The tonnexional propeity tÈ3rn have sUPPOrtÈd them in appointin8 an arthitettural praitice to develop a fea5ibllity Study for use of the 51te foT J new churth l £ommunity hub and as50tiated hou51n8 As we end this year In our church life we are looking forward ro developing our relationship5 wirh rhe new members of the staff ieam as the Reverend Dorothy Plpet, Deacon Selsna Nisbett and the Piweer Lay Pastor join us in Septembei 2025 Fln¥nclal ee Circuit income is primarily drawn from the a55e55ments paid by the circuit churche5 The ba515 for calcularing ssessments hès now returned to the pre-lockdown method using a formula based on church income attendance. Our budget allowed for the receipt of rental tncome frorn the iwo manse5 which currently are not needed to h015se pre5byrers. StlpÈnds rise each financial year in line with conferÈnce 3ppioved intreasÈs. OUT lay employees are paid not 1È55 than the'livin8 wage. and at 3 rate that Is at least compaTable with other Salaries in the area for work of a 5imllar nature
S•llsbuty Methodl$t Clr¢ult ftEPORT OF fHt TRUSIEES FOR THE YÉAR ENOÉD 31 AUGUST 2025 2024 25 97K uf our income w35 provlded by the local churches. £197,128 from church assessments and £870,OOD frorn donHtpd property from district mernbers of a total income of £1.097,237. 49% ofexpenditure was on pay and related costs, roialllng £182.602 out oFtotal expendlture of £351,109. 13% of e¥pendirwe was our contribution te the Olstilct, of whltrh pari Is used to fund the work Df the widei Merhudist Church, whlth èmounted to £50,388. 9% of expenditure was un praperty, totalling È35,025 for the peilod. As at 31 Au8USI 2025 the net current a55ets of the Clrcuit's general 8nd de51gnated fund were E85k. aving JPPToxlrnately 3 months cover for expendityre. Thls Is in line wlth our reserves pollc¥. Cif£UIt flnènci31 plans foT th@ comlng year have been prepared on the ba515 that there wlll be 4 full time ordaineij 5t3ff, with anticlpbted c05t of living stipend iDcre35e5. supported by a part time10.25%1 Lay Pastoral Assistant, part time1S0%1 Pioneer Lay Pastor, and full rime Outreach worker. basls of prep&v•tlon 4r leial framewo The Charity's annual report and accounrs foi the veèr ended 31 Au8USt 2025 havÈ been prep#reiJ In accordance with th* Chariiies Aci 2011 and the Charities.. Statement of Recommended Pracrice 2019 ?5 ppll£ab4e to the Financial Reporting Stèndard FRS 102. Full Name of Ch3rity'. Re8lS¢rHtioll Charity Number.. Date of reg15tr4tion'. Main communlcatien addre55'. 1134362 17 February 2010 Salisbury Methodist Church 26 St EdrTiunds Church street SPI IEF The fflember5 of the Salisbury Methodisr Circuir meeting are the Charlt¥ Trustees, membershlp beln8 madÈ up of circuit offtce holders, mlnisters and represenratives appointed by the local churches. Full membership is shown 4sAppendlx A to this report. S•lisbury ClrcultAlm5and oryonlsavon The charity's objective Is to act as a Resource provider vlithin the area around Salisbury for the Methodist Church.."The purposes of the Methodist Church are, and shall bè deetned to have been since the D3te of Unlon, the èdvèncement of". 31 The Christian faith In accordance with the doctrin31 srandards and discipllne of ThÈ Methodist Churth,. bl Any charitable puipose for rhe time being of any Connexional, District, ClrcuiL lot31 or other or83ni5atlon of The Merhodist Church.. cl Any charitable purpose for the tlme bein8 of 3fty sotiety or irsstitution subsidiary or ancillary to The Methodist Church. dl Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church Èl The or8ani53tlDn 3nd resourcing of regular public acts of worship open to memljers of the churth ènd non members alike.
Sallsbury Methodist Circuit REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Sallsbury Clrcult Alms and organlsatlon Icontlnuedl fl The teachinB of Christianity through sermons, courses and small groups. El The resourcing of pastoral work including visiting the sick and bereaved. h) Taking religious assemblie5 in local schools. il Promotion of Christianity through the staging of events and seNlces. Il Provision of chaplaincy service5 to the local university and other institutions. Publlt Benefit We confirm the trustees have had regard to the Charity Commi55ion'5 guidance on public benefit. structure, Governance and Management The governing document for the circuit is the Deed of Union119321 and Methodist Church Act119761. Detailed governance arrangements are outlined within the Constitutional Practice and Disclpline of the Methodist Church by order of the annual conference ICPDI. Day to day management of the clicuit Is undertaken by the Circuit Leadership team alon8 Wlth the Local Preachers meeting. Trustee Tralnlng A fange of guidan¢e produced by Methodist Connexion to support the effective running of the circuit, specifically rhe leaflet The Role of a Trustee in The Methodist Church, is given to all new Circuit meeting members as part of the induction to their role as trustees. Related Parties The Circuit is part of the Southampton District and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit.. Amesbury, Bemertorb, Bourne Valley, Motcombe, Salisbury (incorporating Pittonl, Sandleheath, Shaftesbury, Shrewton, Tisbury, and Woodfalls. Risk Management Major risks have been identified and re¢orded by the Leadership Team with professional advice taken as reouired. There is a regular annual review process undertaken and recorded. Income and Expenditure is being monitored in total and is compared wlth the approved annual budget on a half yearly basis to detect trends as part of the risk managemeni process ro avoid unforeseen calls on congregations.
Sall#bury Melhodht Clrcult RÈPORT OF THE TRLISTEES Poft ThÉ YEAR ÉNDED al ALIGU512025 Evetypersoft h05 G vuIuE unddi¢ftity which comes directlyfiom the crELttion o/molE qndfertultryn God'5 Own irnjge andlikEne55. Chri5tiDn5 See thi5 Potential LT5fulfilled by Gods rE-creutan ofus lth Chrlst. Amort4T trfher thinq5 th15 Implle5 G to value ryllpeopleg5 bearinq the iffloqe of therdoie towotett thernfro hoim. Methodlst Connexional practlce outllnes commltmenr to the following prlnclples.. the care and nurture Df, and respettful pèstoral ministry with, all children. young people and adults the safe8uardin8 and protection of all childrèn, young people and adultswhen they are vulnerable. the e5tab115hing o15afe, c3rin8comrnunities which piovlde è loving environment where thpre Is informed vl8llance as to Ihe dangers ofgbuse We will cèrefvlly sèlect and iiain all those wlth any respon5ibiliwwithiTr ihe Church, iri Ilne with Safef RÈcFUitmnt principles. Includin8 the use of criminèl recerds dis£losures and reElStraiion with the relevènt vetting and barring 51heme&. We will respond without delayto ÈvÈrytomplaint made which suggests that an èdult, child or young person may have been harmed, cooperatin8 Vllth the polite and local authorlty in any investi83tlon. We will seek to work with anyone who has suffered abuse, developing With them an appropriate ministryof infoimed pasto¥a care. We wll seek to challenge any abuse of power, e5pecia11y by anyofie in a position of trust. We 14 sÈek to offer pèstoral care and support, including supervisien and referral te ihe proper authorities, to any member of our churth tommunlty knov4n to have offended aaainst a child, youn8 person or vulnerable adult. In 311 these Pfinciple5 we will fallow le8islation, suidante and ietO8nised 8ood practice The Salisbury Circuit commits Itself to ensuring th@ implementation of Connexion31 Safeguarding Policv., government legislation. guidance and safe practice In the Circuit and in the ¢hur¢hes. The Salisbuiy Circuit commits itself to the provision ol support, èdvlce ond trainin8 for lay and ordained people that will ensure peoplp are cle3r and conh'dent about their roles ènd responslbillties in safe8uèrdin8 and promoting the welfare of children and adults who may be vulneiable.
S•llibury mhOl$t Clr¢ult ftÉportT OF THE TRUSTEES loft niE YÉAR tNOÈ0 31 AUGUST 202S RèseNii pollcv The CiTCUtt U5P5 Its resewves to 5uppDrt it5 Dljtreaih èctivlties as determlned by the Clr¢ulVs Misslon Plan, These Include contributionstoward5 the salarles, Èxpenses and rpsource ctrsts of the Clfcult Outreach Worker. Fordingbrid8e Loy Pastor, military work In the north of the tlrcuit supprvised by thÈ DEètOTT wolkln8 from Amesburyi and the family workei at Sallsbury Ir lurthei fflalntains a mlnlmurn sum equlvalent to 3 mDnths' èveraÉe È¥pendSture plus a mènse malntenance reserve of £20,000. Thi5 should be Sufficient to rneet ny unforeseen item of major expenditure on manse5 abd to be able to contlnue, In the Short term, funding plarined activitie5 in the event of any Inability to false the lull Circult Asse55mtnt from churches, Tas#$ for ¢om¢n¥ ye•r- 102$16 Effort wlll be requlred th15 year to consolidaie The Telarion5hip5 between new people and new pl3tÈ5 ttr build on the rtco8nised stren8th olthe Salisbury circult leadership team's rrusred relationship5 Wlth its constituent churches. Task5 foT thE totnin8 ypèiwIII futus ott.. Developin8 the NEW People New Plaies Lay Pastor Inltiètive In Fordin8brid8e. Completln8 iecruStment and developlng the noture of leadership 8nd InitiatinB mechanisms for en8a8ernent wlll be the focu5 of the nèxt vear of Ihls plan Developin8 our work In the north of rhe circuit in the areas of new housing, wth Army families ènd Af8han resettlemtnt scheme. Building on the work starred in Amesbury. explorlng with ihe pioneer deacon wèys to Èxpand our Èn8a8ement with key communities. The issue of hornelEssness and affordèble housin8 hès become an IncreasSng concern In the circuSt The CITCUIt 15 workin8 Vllth the connexion propeily tpatn to identify p055ible partnerships options to make more eflective use of Cufreni Circuit a55et5. Thi5 work 15 initially with the Society at Bemerton involvin8 the current manse, church buildings and green spaces. Work wtll be Started to réview the use of turrent cSftuit nd church property and explore hew redundanr or under used land and buildingg can be developed to èddiess the housing issues. Optlons for other churches In Ihe circuit will be explored In subsequerit ye3r5. E¥plorin8 the natural transltion ihèi has occurred in the employed lay pastoral support workers role toward Anna Chaplaincy. The work of the Peace and Justice group in developin6 the circuit and indivlduèl churches, approach to justice remains an area lor continued development. The fDCU5 for thÈ comin8 yÈèr will explorin$ the role The circuit leadership team reco8nises rhe importance of small groups in builoingeffecbwe relationships to disciple and furlher develop faith Buildin8 on the experience of Covenant group5 ar SMC we will explore how this can be supported acros& the rur31 parts of the circuit 35 well as in the larger town and city churches.
Sallibury M•thodlst Clrtult RÉPORT OF THE TRUSTEES FOftTHE YEAR ENDEO 31 AUGUST 1025 $TATEMEI4T OF TRUSTEÈS, AESPONSIttILITIES The trustpes are rE5flOn5ible laf pfEpèYlngth Report of the ¥tU5tees ènd the fin4ncial statements In atcordante wlth appllcablE law and Unlted Klngdom Accountlng 5t8ndards Iunited Klngdom Generolly Accepted Atcountsng Practice) Including Flnantiil Repoflln8 Standard 102 'The Flnancl81 Reportlng siandard applitab1E in the VK and Ropublic of Ireland The13w applltoble tD charilles In En813nd and WalES fequlres the trustees to prepare financlal statements fof each fin3ncial year whith give a truè and fair view af thtr state of affairs Df the tharity Jrtd of the financial attivlrie5 of the charity for thHt period. In preparing thpse hnantial Statements, the tiustpes are regulred to-. select 5VltablÈ actountin8 policlÈs and then apply them consistently. observe rhe methtsds and principle& in the Charity SORP 2019., make judgmenis and estimates that are reB50nable and prudent., stète ¥*hether applicable accounting st3ndards have been followEd, Subject to èny departijres disclosed ènd ExplainEd in the financial starements., and-. prepare the nancIal statements on the going concern ba515 unless It Is Inappropriat to plesuffle that the charity will Continue to operate. The trusrees are responsible for keepin8 pioper 3CCOUnting rerords which dls(lose wirh reèsonable accurary t any time the financial position of the charity and to enable them to ensure thèt the financi31 statements tomply wlth the charlties governing documents They are also re5pon5ible for safeguardln8 the assets of the charity and hence for taking reasonable steps for rhe prevention and detection of fraud and otheT In w far a5 the trustèes are aware.. there 15 no relev3nt4udit information of which the charity's audiiors are unaware.. and the trustees have taken all steps that ihey ought to have taken to rnake themselves aware of any relevant audit informatlon and to establish that the audirors are aware of that infortnation. The trustees confirm that they have complied with the duties in Section 4 of the 2011 Charitie5 Act. Approved by order of the board of iTU5tees on 24 Ivne 2026 and &i8ned bv.. Susan Holmes Circuit Finance Steward Revmark Cheetham Chair of rhe CiTCUIt meering
REPORTOF THE INDEPENDENT AUDITORS TOTHE MEM8ERS OF Sallsbury Methodist Circuit FOR THE YEAR ENDED 31 AUGUST2025 Opinlo We have atjdlted the flnanclal statements of Salisbury Method15t Clrcuit Ithe'chhrity'l for the year ended 31 Au8USt 2025 whlch comprlse the Statement of Financlal Actlvlty, Balance Sheet, Cash Flows Statement and Notes to the Fln&nclal Statements, Including a 5umrnèry of signifi¢ant ac¢ountin8 policies. The financlal reportlng framework that ha5 been Bpplied in thelr preparation is applicable law and Unlted Klngdom Accountin8 Standards, including FnanCIal Reportlng Standard 102'The Fin3nclal Reportin8 Standard èppllcable In the UK and Republic of Ireland. Iunited Kingdom Generally kcepted Accountlng Practlcel. In our opinion the finan¢i31 statements.. 8ive a true and fail vlew of the state of the charity's affair5 a5 at 31 August 2025 aftd of its incoming ¥esources and appllcatlon of resources for the year then ended. have been properly prepared in accordance with United Kin8dom GenÈrally Accepted Ac£ountin6 Practice, Including Financial Reporting Standard 102 (The Financial Reporting Stèndèrd applicable in the UK and Republic of Irelandl., and have been prepared in accordance with the Charities Act 2011 0515 for opinion We conducted ou¥ audSt in accordance with International Stsndord5 on Auditing IUKI IISAS IUKII and applicable lèw. Our responsibilities under those standards are further described in the Auditors, responsibllitles fol the audit of the financial statements section ol our report. We are independent of the charlty In accordance with the ethical requirements that are reSevènt to our audit of the finantial stètements in the UK. including the FRC'S Ethical Standard, and we hove fulfilled otjr other ethical respDnslbllltles in accordance with these requirements. We belleve that the audit eviden¢e we have obtalned Is sufflclent and appropriate to provide a basi5 for our opinion. Other mat¢ers The comparatives are unaudlted as the charlty Was entitled to exemption from audit under Section 144 of rhe Charities Att 2011 forthe year ended 31 August 2024. Concluslons relatlnz to zolng concern In auditing the financial statements, we have concluded that the Irusiees, use of the 80in8 concern bas15 Of accounting in the preparation of the financial staiements Is appropriate. Based on the work we have performed, we have not Identified any material uncertalntle5 Telatln8 to events or condltlons that, indivldually or collectlvely, may cast Sl8nificant doubt on the charity'5 ability to continue ès è 80in8 concern for a perlod of at least twelve months from when the Ilnancial 5tstement5 are authorlsed for Issue. Our responsibllitle5 and the responsibllitle5 of the tru5tee5 wlth respect to 8olng concern are described In the relevant 5ection5 of thi5 report. Other Ihfoimalio The trustees are responslble for the other Information. The other information cotTiprises the informètlon In the Report of the T¥u5tees, but does not include the financial statements and our Report of the Auditors thereon. Our opinion on the financial 5taternent5 doe5 cover the other Information and we do not express any lorrn ol a5sur4nce conclusion thereon. In conne£tlon wlth our audSt of the flt)anclal statements, our responsibility 15 to reèd the other informatlon ènd, In doing so, conslder whether the other information 15 materially incon515tent with the financlal statements or our knowledge obtained in the audit or otherwise appear5 to be mHterially misstated. If we idenufy such material inion515tencies or èpparefit rnaterial rn1sStatements, we are required to determine whether thi5 give5 rise tts a material misstatement in the financlal statements themselves. If, based on the work we have performed, WÈ conclude that there is a materlal mlsstatement of thls Other information, we a required to report thèt fact. We have nothing to report in this regard.
REPOVIT OÈ THE INDEPÈNDÉNT AUOITOFIS TO YPIE MEMBEAS OF 5allsbury Method15t Clr¢ult FOR THE YEAA ÉNDEts31 AUGUST 2015 Matters on whith we ate requlred to report by x¢ptlon In the light ot the knowledtt 8nd undeistèt)ding of the charity and it5 envlronmént obtained In the course of the audit. we have not identilied rnaterial misstètements in the Report of the Trustees We have nothlngto report lrt rESPeCt ol the followin8 rnJtter5 in relation to whiEh the Charities IAc¢ounts and Reports1 Regulation5 2008 r2quire u5 to teport to you Il, in our opinion.. the Informatlon 8l¥en In the trustees, rewirt 15 incon51stÈnt i# any matorSal respect wlth the linantial st)ternent5,' or sufficient accounting retords have not been képt,- or certain disclosures of trv5tee5' remuneration spettfied by law are not made-, or the fln3ncial starements are not In agreement with the èccounting retords.. or we have not recelved •ll the Informatlon and explanatlons we require lor our audlt. Responslbllltles ol trustees A5 explained more fully In the trustees, responsibilities Statement, the trustees are rÈsponsible for the preparation of the financial statetnents and for beln8 satlsfled that they give a true and lairview, an(1 lor Such internal tontrol as the trustees determine is nece553ry to enable the preparation of financial statements that are free from material mlsstatement, whether due to fraud or error. Auditorf5 re5ponsltylilleslot the audit ol the flnancial statement5 have been appointed as auditor under Section 144 of the Charities Att 2011 and report In accordance with the Act and relevant re8ulatlons made or having effect there undei. Our objectives are to obtain re3sona6le assurance about whether the financial statements as z whole are free from material misstatement, whether due to f¥aud or erfor, and to 1$5ue a Report of the Auditors thèt Includes our opinion. Re350nable èssurance is a high level of assuran, but is not a Éuar3ntee that èn audit conducted in accordance with ISA5 IUKI will always detert a material misstatement when it exists. Misstatement5 can arise from fraud or error and are considefed rnaterial If, individually or in thè aggregètt, they could reasonably be expected to influencÈ thè economit decisions of users taken on the Iiasis of these financial statements. Identllylng and asse551ng potertlal ri5k5 related to Irregularltles Irregularities. including fraud. are non-compli3nce with laws 3nd regulation5. We design procedures, In line with our responsibilities, as Set out in the auditor'5 responsibilities forthe aud1t ol the fiD3nclal statements gection, to detect material misstatements In respect of Irregularities. including fraud. The exrent to which our procedures are capable of detecting irregularities, Including fraud, are detailed below. io
REPOAT OF THE INDEPENDÉNT AUDITORS TQ THE MEM8EIiS OF Sallbury Mthodlst Clrcult FOR TIIE YEAR ENDED31 AUGUST 2025 In identifying and a$5e$51ng risks trf matÈrSèl misstatement in respect of Irregularitie5, including fraud and non- compliance with1aws èttd regulètions we considei the following.. the nature of the charity 5ÈCtor, iontrtsl envifonmeni and financlal performance,, result5 of our enquirles of management about thelr own Identlflcation and assessmeTrt of ihe flsks of any matter5 we identifed hoving obtained reviewed the ¢harity'$ documenratlon of thdr pdlcles and procedure5 relating to.. identifying, evaluaring and complying w¥th laws and re8ulations and whether they werE aware of anv Instènces of non-compliance,. - detectin8 and re5pondinÉ to the risks of fraud and whether they have knowled8e ol any actual. suspected or alleged fraud,. the Internal controls established to mitl8ate risk5 of Iraud or non<ompliance wlth laws and regulatlons. the matters discussed arnong the audit erF8agemenr team regardln8 how and where fraud mlght occur in the financial statements and any potential Indicators of fraud. As a result of these procedures, we considered the opportunitles and incentive5 that may ex+st within the organisation for fraud and Identified the 8reatest potential for fraud in the following area.. revenue and resource recognition. In common with all audits under ISA5 IUKI, we are also required to perform speclfSc piocedufe5 to respond to the risk of ManaKenI overrlde. We have a150 obtalned an understanding of the legal and regulatory frameworks thai the charlty operates In, focusing on provision5 of those laws and regulatlons that had è direct effect on the determination of material arnounts and disclosures In the financial stètement5. The key laws and regulations we considered in this context Included the UK Charities Act and related legislation. Audk response to rlsks Identlfied As a result ol performlng the above. we identifled revenue and resource recognition as a key audit matter related to the potential risk of fraud. Our procedures to respond to rlsks identified included the following.. reviewlng the finantial statemènt dlsclosures and testit)g to supporting documentation to asses5 compliance with provisions of relevant laws and regulations described as having a dIrt effÈct on the financial statements,. • undef5tBnding the charity's revenuè recognition pollcies and how they are applied. includingthe relevant controls and pÈrforming a walkthrough to V81idate our under5tandin8. • enqulring of wanagement concernin8 actual and potential litigation and cl3lms,' performing analytiC31 procedure5 to cornpare revenue recognised against expectatlons ènd based on past ÈxperiÈnces and management forecasts and investigated material divergencie5 by obtaining corioborative evidence. reading minute5 of meeting5 of those charged wilh govÈrn3ncÈ', in addre55ing the risk of fraud through mafiagement override of conirols, te5tinB the appropriatene55 of journal entrles and other adjustments.- èssessin8 whether the judgement5 made in rnakinÈ actounting estlmates are indic3tive of a potential tsias.. and evaluatine the rationale of any significant transactlons thèt are unusual or outside the normal course tsf activifv. We also communicated relevant Identified laws TeEulations and potential fraud rlsks to all engagement te3m members and remained alert to any inditations of fraud or non-compliance with laws and regulations throughout th audit. li
REPORTOF THE INOEPE14DENIAUDITORS TO THE MEMBERSOF S•llstr•ury M*thodlst Clrcult FOR THÉ YEAR ÉNDEts 31 AUGUST2025 Owln8 to the Inherent Ilrnltations of •ft audit, thère +s an un3void3ble rlsk that we may not have detected sorne mater131 misstatements itTr the linanclal statements, even though we have properly planned and performed our audit In attordance wlth audltlng standards. For example, the further refflovEd non- Cotnpliance with14ws and regulètion5 Iirregularltlesl Is from the events and transactions reflected In the finantial statements. th8 less likely the inherently limited procedures required by auditing 5tandard5 would identSfy It. In addltitsn. ag wlth any audlt, rh•re remained ) higher risk of non-detection rjf Irregularltle5, 05 these may Involve colluslon, for8ery, intentional ornisgons, mlsrepre5entstions, or Ehe overrlde of Internal controls. We are not TespoTTrslble for preventlng non-compliance and cannot be expected ro detect non- £ompliance with all law5 and regulations. A further description of our responsibi1Sties for the aijdit ol the financia1 statements Is locoted on the Financial Reporting Coun¢il'% website èt.. www.frc.org.uk/atsditOf5respon51biliiies. This description IoTrn5 part of our Report of rhe Audirors. Use ot our report This report 15 made 501ely to the charity'5 trustees, a5 a body, Th accordance with Part 4 of the Charities IAccount5 and Report51 Regulation5 200B. Our audit work has been undertaken so thèt we mlght state to the charity's trustees th05e rnatter5 we are rèqulred to state to them In an auditor's report and for no other purpose. To the fvllest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charit¥'s trustees as a body, for our audit work, for this report, or lor the opinioD5 we hève formed. Fawcetts LLP Chartefed Accountant5 Statutory Auditors Windover House, St Ann Street Salisbury SPI 2DR Date.. Fawcetts LLP is ellgible for appolntment as 3udltor of the charity by virtue of its eli8ibility for appointfflent a5 auditor ol a company under section 1212 of the Companies Act 2006. 12
S#llibury Mèthodlst Clrcult STATEMENT OF FINANCIAL ACTlVlflÉS OR THE YEAA ENDED 31 AUGUST 2025 G•Aoral Fund Ircult Model Trust Urre5tflcted Restrlcted Ertdowmfftt Funds Fund> Totil 7otil 2024 Unr•strlrt•d 2025 Noto INCOME Donations and legacies 1,067,128 29,d85 l.V67.128 29,485 483,034 30,112 Other charitèble actiMlie5 Investments Other 624 5.972 6,596 10,463 TOTAL INCOME 1,097,237 5,972 1,103,209 523.609 EXPENDITURE 351,109 24,882 375.991 252,104 TOTAL EXPENDITURE 351,109 24.882 375.991 252,104 Gains/Losses on monetary investments Gains/Losses on Investment properties Nff INCOME 746,128 118.9101 727,218 271,505 Transfers between funds Other gains/losses 15 56,C4)0 156,0001 NET MOVEMENT IN FUNDS 802,128 174,9101 727,218 271.505 RECONCILIATION OF FUNOS.. Total fund5 brought forward at I September 15 2,386,263 166.803 2,553,066 2,281,561 TOTAL FUNOS CARRIED FORWARD 3 188 391 2 553 066 The notes form part of these financial 5taternents. 13
Sallsbury Methodlst Clr¢ult aALANCE SHEET AS AT JI AUGUST 2025 Gnral Fund Clrcult Unr&trlcted Unr•strlcted R•$til¢t•d Endowm•nt Fund4 Fundi IUn*udttedl 2024 2015 FIXED ASSETS: Circuit Manses & Equipment Investment propertie5 Iz Iz 1,898,203 1,296,797 1,898,203 1,296,797 1,458,203 866,797 3.195,000 3,195,0 2,325,000 CURRENT ASSETS.. Oebtors Investments with TMCP Cèntral Flnance Board Dep051ts Cash èt bank and in hand 13 39,386 166,803 9,729 12,148 91,893 91,893 5,580 20,007 5.580 20.7 TOTAL CURRENT ASSETS 25,587 91,893 117,480 228,066 LIABILITIES Creditors.. Amounts due within one year 14 132.1961 132,1961 NET CURRÉNT ASSETS 16,6091 91,893 85.284 228,066 TOTAL ASSETS LESS CURRENT LIABILITIES 3 188 391 91 93 2 553 066 FUNDS General fund lunrestrictedl Circuit Model Trust fund lunTestrictedl Total Unrestricted Funds Restritted Funds Endowment fvnds 15 15 3,188,391 3,188.391 91,893 3,280,284 2,386,263 166,803 2,553,066 91,893 91,893 3,188.391 TOTAL CHARITY FUND5 3 188 391 2 553 066 The financial Statements were approved and authorised for Issue by the Board of Trustees on 24 June 1026 and were signed on it5 behalf by.. Susan Holmes Circuit Flnaftce Steward Rev Mark Cheetham Chair ol the circuit meetin8 The notes form part of these financial statements. 14
Salisbury Methodlst Clrcult STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 IUn3udltèdl 2024 2025 Notes Net ¢35h flow from operatlng actlvltles 171,2001 178,5491 Cash flows from Snve5tlnB actlvities Net cash flow from Inve5tln8 octlvlties Nel Increase In tash and cash equlvalents 171.2001 178,5491 Cash and cash equlvalents at I September 2024 188,680 267,229 Cash and cash equlvalents at 31 Au8USt 2025 117,480 188,680 al Re¢on¢Sllatlon ot net Income to net cash flow from oper3tlnK •¢tlvitles Iunauditedl 2024 2025 Net income for the year as per the Statement of Financial Activities 727,218 271,505 Oepreciation of tangible fixed assets Decrease I Ilncreasel in debtors Increase / (Decrease) in creditors Investment propertles. closure of church societie5 39.386 32,196 1870.0001 126,7871 123.2671 1300.OCN)I Net cash flow from operatlng actl¥ttles 171,2001 178,5491 bl Cash and cash equkvalents ¢OnSiSts of: Central Finance Board Deposits Cash at bank and in hand Investments with TMCP 5.580 20,007 91,893 9,729 12,148 166.803 Cash and cash equlvalent5 at 31 August 2025 117.480 188,680 The charity ha5 no borrowings or obligation5 under finance leases therefore a reconciliation of net debt has not been provided. The notes form part of these financial statements 15
Salisbury Methodist Circuit NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 I. ACCOUNTING POLICIES i. Accounting 5tand3rd The Ilnanclal statements have been prepared in accordance wlth Accounting and Reporting by Charities.. Statement of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc ol Ireland IFRS 1021 (effective from l January 20191- Icharities SORP IFRS 10211. ii. Publit benefit entity The Salisbury Methodlst Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless stated otherwise in the relevant accounting policy notelsl below. 111. Basls These accounts have been prepared on the L7asis of historical cost except that investmÈnt propertles are shown at their market value at the end of the year. The accrva15 basis has been used and trustee5 Pfe5ent accounts that show a true and fair view of the charity's financial p051tion and activities. l¥. Content The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are baseil on experience, research and judgÈment. The accounts are expressed in ESterlin8 rovnded to the nearest pound. v. FR5102 SORP 2019 These accounts are compliant with FRS 102 and with the FRS 102 SORP 2019. The ac¢ounis have been prepared in accordance with applicable charity law in En8land thi5 being the Chaiitie5 Act 2011 and Sl 20081629 Icharities Accounting and Rèporting Regulation51 and. pending the making of replacement Regulations specific to SORP 2015 in accordance with Re8.814lldl of Sl 20081629, the charity trustees have depaited from the requirements of Reg.181151 by following SORP IFRS1021 irtstead of SORP 2005 to the extent necessary to glve a txue and fair view in the circum5tance5. vl. Going toncern Based on the monetary assets and human resources available at 31 August 2025, the trustees believe that the Circuit is a going concern. vll. Consolidation The Circuit has denominational regulatory oversight in respect of the work of the Churches Wlthin the Circuit but has no legal or operational control of those Chu¥ches and their gtsvernin8 bodles except in extreme ¢ircumstance5. For thi5 reason, the financial statements of Churches within the Circuit are not consolidated into these financial statements. 16
Sallsbury Methodist Clrcult NOTES TO THE FINANCIAL STATEMENTS FOR THÉ YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Icontlnuedl v151. Income recognltlon Income is brought Into the acctsunt when there is eniitlement and amount is reliably measured once it IS more likely than not that the economic benefit of the income will be forthctsmin8. Indivldual amounts categorised as Other Income in the SOFA will be shown separately if they are considered material. The Circult acts as agent in two matters.. the collection from churches and payment over of their contribution5 to variou5 Funds controlled and administered by the Methodist Church-"Connexional Fund5" the administration lapplication, collection and disbur5ementl of grant5 requested by Churches within the Circuit from, but not limited to, the District and Connexion In all these matters the transactions are not reflected In the SOFA because they are the income of either the Connexion or Churches as appropriate. Instead the transactions are disclosed in the Note5 to the Account5 as requiied by SORPIFR51021, module 19.12. In accorijance with the Charities SORP IFRS 1021 the time of volunteers is not recognised. Furihei informatlon on this matter is provlded in the T¥ustees' Annual Report. If goods are donated, a valtje will be shown in the 50FA or Notes where the value is considered rnaterial. ix. Expenditure This Is reco@nlsed when a Ilability is Incurred, or a constructive obligation arises, where the amount 15 reliably measu¥able and it is considered more likely than not that there will be an outflow of economlc benefit. Grants Grants made by the Circuit from its own funds are reco8ni5ed in full at the time of the agreement to make 3 grant without performance condition5 or as and wher¥ the Circuit aceepts that there is a legal or operational obliÈ8tion to make the payment if it is subject to performance Conditions. When the grant to be accrued Is recurrent over more than one year the balance payable in future years, discounted to net present value where the difference is material. is treated as a provision for future coMmitentS in the balarhce sheet a8ain5t the appropriate fund, the provision bein8 released in future years in accordance with the originally agreed terms. In tases where the grant has been charged to one fund bui for ease of payment has been transferred to another fund any future payment provision is applied to the fund from which the grant will ultimately be paid. x5. VAT Since the Circuit is not VAT reElStered all input VAT Is charged with the expenses to which it refers. xll. Tanglble fSxed assets These are capitalised il they can be used lor more than one year, and individually (ost at least £250. The freehold and lor lon8 leasehold residential property is shown in the accounts at deemed historical cost rèpr@sÈnlirbg e3£h pioperty's gross caciying value as at I September 2015. being that property's insurance ¥einstatement value as assessed by the representative of Methodist Insurance plc in 2010 and subsequently adjusted up to and including 31 August 2015 or, if acquired after that date, at its insurance reinstatement value at the date of acquisition. No depreciation is provided because the trustees consider the current resldual value of the property in Its present condition to be not less than its historical cost and, in the absence of any evidence of impairment, any depreciation provision for the buildings component of the property would be immateiial. 17
Salisbvry Methodlst Clrcult NOTES TO TH£ FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Icontlnuedl xii. Tan8ible fixed asseis Icontlnuedl From time to tlme the Circult may be required to a55ume SpOnsIbl11ty for Church premise5 following closure and cessatlon of worship. Thi5 results in the Circult becomin8 Managing Trustees for the property. At that time the property is recognised as an asset at its anticipated net sale prlce as determined by a professional valuation and after taking into accouni the levy to be chèrged by the Connexion. Any expenditure on such assets, If held for reinvestment of the proceeds, as the tru5tee5 determine, that 15 likely to enhance sale value Is capitali5ed at the time the expendlture is incurred. The Clrcult hè5 made use of the deemed Cosi option on translttonlng to FRS 102, as outlined above. xlll. lal Monetsry inve5tMenis The Circuit's investments are in monetary assets classified as being financlal ID5trutneftts under FRS 102 and are held by the Trustees for Methodist Church Purpose5 ITMCPI a5 CU5todlan trustees. The valuations, at market value, are those provlded by TMCP. The unre311sed gains arisin8 on investment5 at the end of the year a shown in the SOFA and in Note 20 below. xlil. Ibl Investment property From tlme to time the Clrcuit may hold residential property (formerly man5esl which is surplus to Its current staffing requirement5. Where this is the case and it Is anticipated that the property is unllkely to be used o rnanse within a period of two year5, the property is classified a5 Investment Propertv Iwhether let out or n()tl and any lets are èt market rates unless there is a compelling reason not to do 50 in furtherance of the Clrcult's charltèble objective5. Any such Cases ère speclfied In Note 3 below. xl¥. Recelvable and Payable5: Bank and cI5h (basic linancial Instrumentsl Debtors are stated at the amounts owed to the Ciriuit or prepaid. Credltors are initially recognisÈd at settlement amount after any trade discounts, whÈrÈ normal credlt terms apply. or the atnount advanced to the Circult. Subsequently creilitors that are Current liabilities are measured 3t the tash or other conslderotion expected to be paid. The Ilquid funds of bank balance5 Ind dÈpDSlt fund bHlbnce5 are shown at their reèlisable values. xv. Loan5 as Baslc Financlal Instruvnents Where conces51onary loan511,e free of interest) ère made to the Circuit to further its charitable purposes, and are iepald 3fter Fnore than one year, they are Inltlally recogni5ed 45 the atnount pèid, with the carrylng value adjusted In st5bsequent years to reflect payment and any 3ciiued interesL adjusted lor any itnpalrrnent, if necessary. Where there 15 objective evidence of impalrment, an Immediate iYnpairment105s Is retognised In the Statement of Financial Activities. Subsequent reversals of an impairment loss that objectively rel4te to an event occurring after the Impairment Ios5 Wa5 recogni5ed, are ¢0nised Immedlately in the Statement of Financlal Actlvities. Where loans require the calculation of a dlxounted cash flow valuation, thi5 will be $0 marked. xvl. Methodlst Conntxional Fuds The Method5t Church Connexion rèlses assessments ogasn5t the Circuit5 arid these are pèid Quarterly to their Di5trict5. The Circult ralses assessments against the Churches in the Clrcult. The District qu6rteTly refflits to the Methodist Church Fund most of the sum received from the Circuits. A Small sum is retained by the Olstrict to meet its own cost5. The Clrcult may art as agent for ad hoc collectlons for varlous funds administered by The Methodist Church. These are detailed in Note 11 elow. xvil. Funds The trustees have adopted a policy for all unrestricted reserves. xvlll. Minlsters, manse co5t5 The Circuit 15 requlred to provide accommodatlon for each minlster in the Circuit and thelr famllles d thls15 seen as è benefit to the Circult. Mlni5ters are expected to occupy the manse provided for them. The arcuit bears the cost ol repalrs, mèintenan¢e, buildings insurance. Council Tax and water char8es. These fl8ures are not separately disclosed ès benefits-ln-kind for ministers as HMRC does not seek to tsx these receipts in the hand of the mlnlster5. 18
Sallsbury Methodist Circuit NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2. GLOSSARYOF TERMS CFB.. Central Flnance Board of the Methodist Church manages a Common Deposit Fund and a series of pooled investment funds for Methodist entities in Great Britain and provides Investment advice to those entStie5. Church.. A group of members from fewer than 10 to more than 300. Circuit.. A group of Methodist Churches near each other, typically between 10 and 30. Circuit Meeting.. The trustees of the Circuit, most of wh(>m are appointed by their local Churches and others by virtue of a role they undertake for the Circyit and/or their local Churches. CLT (Circuit Leadership feaml.. A group (comprising mostly but not exclusively) of Circuit Trustees responsible for the dhy to day administration and policy formation of the Circuit. Generally, the CLT ¢omprises ihe Presbyiers and Deacons stationed within the Circuii and the Circuit Stewards. CMTF.. Circuit Model Trust Fund Connexion.. The Methodist Church in Great Britain which includes the Head Office at Methodisl Church House, all Methodist Districts, Circuits and Churches in Great Connexional Funds.. The Designated andlor Restricted Funds held and administered by the Connexion in furtherance of its charitable and mission objective5. District: A group of ¢¢)nti8uous Circulis. usually between 15 and 30. DAF.. Dlstrict Advance Fund. FRS.. Financial Reporting Standard 102 'The Financial Reporting Standa¥d applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). HMRC.. His Majesivs Revenue and Customs. Lay employees.. Personnel ernployed by ihe Circuit on generally accepted commercial employment terrns. MMPS: Meihodlst Minlsters. Pension Scheme. Penglons Trust.. The Pensions Trust, the organisation through which the Circuit arranges a pension scheme for its Lay Employees. Presbyters lincluding Superintendentl.. Probationer or Ordained Ministers and/or Deacons who have pastoral and adminlstratlve responsibility for the Churche5 Wlthin the Circuit. SOFA.. Statement of Financial Activlties. SORP.. Statement of Recommended Practice. TMCP.. Trustees for Methodist Chulth Purposes, the legal owner and Custodian Trustee of all Methodist Model T¥u5t property, Including legacies. Endowments and A¢cumulated Funds. 19
S•li$bury M8thodlst Urcult 140TES TOTHE FINANCIALSTATEME14TS FOR THE Y£AA £NOED31 AUGUST 2025 3. INCOME Iunaudltedl UnrestrT¢tq4 Unr¢strtttd OFcult Mo&elTryst 202$ Re5trfrt4d Fundi tndoVmn1 Fund5 fvnds 2025 fun&5 2024 202S Don¥tltsn.#tants•rtd leytles 870.r 192,128 5.ow i.r7.128 870.0 192.128 5,0 J.067.J28 A55e55men15 on churche5 OiStiittfMCP 182.207 827 483.034 Chèrhable attlt$ Incoffle fiotn Invp5trnentpropÉrties 29.485 29.485 30.112 othertharftab1ec•me GiaThtsret•wed Investm•nts Inttsme from mtsThetai¥ Investments 624 5,972 &596 10,463 Other 1,097.237 5.972 1.103.209 523.&)9 The fixed assetsolthe lormeryeovll and W¥rkmore Vale Clr¢uitS beentiansleriedto theclrcultfoi dispo581. The buildln8shavÈ been valued at É440K and £430k. This amouotsto a total 01 £870k added lothe fixed a5&et5of the ciriuit. 7 Rld8e Way. 5hhfte5burywlll beused ès a mènse èftei the periodend.. however. 24 8atn3by Mead, GillinAam IS unllkewtobe retumed w u5eas mènse in the loreseeablefurure and h35thereltse been tI3SSified as Investment Property. LettinÉ intorne tsf £29.5k is shown netof managemeTrt lee5 A5SESWENTS ON CTr4URCHE$ Thè CiTCult ctsmprlses of 10 chuithe5and each 15 355es5eJ for3 contribution to the overall netcostsof thtcircyll. In Makineits a55e5Stnent counti5 tsken of thevoluntaiylivinx rÈceivd byeath church ènd theJvera8e attendanie st 5unday£efvltÈs. Thelnltial è55e5ynent15then moderèied 10 take accouni ol locol urcum51anos. Thtcifcuit almsto Cover all itsnetcore c05ts horn theAssessmÈThL OTHEAINCOME-GRANTS RECEIVEO No grantswèie Feceived dulinl this peilod. D15TaKTTMCP These were lundstowards the addlllonJlc05ts a550Q?tedwith takingonthÈ churches of the Yeowl and Bla(kmoreVale cyr&1. 4. CHARbTABLE ACTivmEStXPENDITVRE IUniudltdl Unrèstrlrtod fjehÈrnl 2025 Unrosirf¢ted CIrcU ModelTN 201$ Re51rkl•d Funds Endowrnent lunds ld$ 20Z5 2024 Grèni epeThdlture Piopeitymaintenance c9nne10nl A55e55ffleni & model tfV51 levv I368 35.025 44. 6.949 18.500 32,065 35W25 50.388 6,949 24.tho 24,533 42.445 6.622 6,387 Oeprecialon Otheroutgoings 46.589 46.589 18.304 146.137 14.382 L71019 115.904 Support ¢t5 182,602 11.810 3,3fj0 7.2QO 182.602 11,810 3,36D 7.200 L34,¥3 Office expeh5es ndependentex?minersfee5 wder acuued 204,971 136.200 TotalCharltableExpendlrure 351 109 57S,991 I52,104 20
5311sbury Methodlst Clrcult NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 5. GRANTSAND DONATIONS The 8rants listed below wefe made during the year 2025 General Fund 2025 Clrcult Model Purpose Grantee Salisbury Methodist Circuit 9,000 To support salary costs of lay outreach and famlly workers To support salary costs of lay outreach and family workers Repairs to organ Grant for stonework repairs Grant for electrical repairs Bemerton Methodist Church 9,000 Salisbury Methodist Circuit Amesbury Methodist Church Bourne Valley Methodist Church 9.500 3,498 1,070 Totals 13.568 18.500 6. STIPENDS, SALARIES AND ASSOCIATED COSTS stlpends were paid to 3 Presbyters12.5 FTEI and salaries were paid to 3 part time lay employees. 2025 General Fund IVnaud4tedl 2024 Mlnlsters Stipends National Insurance Contributions Apprentiteship Levy Pension Fund Contiibutions Telephone and broadband Computer allowan Travelling Sub total 112.320 10,598 416 19,193 2,835 78,303 6,514 378 17.537 2,663 776 5,923 112,094 7,583 152.945 Lay Employèes Salaries Apprentice Levv Travelling Sub total 27,029 79 2,549 29,657 21,709 80 1,070 22,859 Total Stipends, salarles and related costs 182,602 134,953 Lay staff Nl contribution5 are included in the Church recharge figure above. No employees received employee benefits of more than £60,000. All staff are paid at or above the living wage. 21
Sallsbury Methodlst ClrcuSt NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 STIPEND5, SALARIES AND ASSOCIATED COSTS Icontlnuedl Pension: Most ordained presbyters are members of the Methodist Ministers, Pension Scheme IMPPSI. This 15 a defined benefit scheme. The Supreme Court held in 2014 that Methodist Ministers Iwhiih term includes presbyters and deacons) ale not employees of the Church. For simplicityi however, when dealing with National Insufan£e Contributions and pension contrlbutions the terms 'employer' and 'employee' are used as they would be in an employing trxjdy. The Connexitsn accounts for the MPPS and shows the Ilgures in the annual Methodist Church in Great Britain accounts. The MPPS 15 in deficit but a plan for removal of the deficit ha5 been proposed and is bein8 implemented. Lay Employee5 are contractually employees and have the option ol joining a pensio scheme whlch the Orctsit has arranged with TPT Retirement Solutions (formerly The Pensions Trust). This is a defined contrlbutlon scheme and Circuit contributes as employer to this scheme. 6.3 COST OF SUPERINTENDENT, PREBYTERS AND TRUSTEE5 The Supefintendent of the Circuit, the other Presbyter5 and the remaining members of the CLT ère considered as Key Management Perstsnnel. The Superintendent chairs meetings of the CLT and Circuit Meetin8s. The members of the Circuit Meeting are the trustees tsf the Circuil. The stipends, employerfs NIC and employerfs pension contributions and other expenses of the Presbyters of the Circuit are paid bv the Orcult. The manses are provided by the Circuit and the Circuit maintains the property- The value of the Council Tax and water charges paid by the Circuit are not disclosed here as klMRC does not regard this as benefli-in-kind In the hands of the minister. Payment to trustees It 15 8enerally not Cirtult policy to reimburse non-presbyteral members of the CLT. Circuit Meeting and others involved in the administr8tion of CiTCUlt affairs for expenditure properly incurred in carryin8 out their duties although certain travelline and administration costs may be reimbursed in relation to specific projects. The travel costs of Presbyters who attend CLT and Circuit Meetin85 55 included within their overall travel expenses and is not separately determlned. PROPERTY EXPENSES The Circuit is Managing frustee for 6 manses. 2 of which are occupied by minlsters stationed in the Cirtuit, 2 are let on Assured Shorthold Tenancies and 2 have been donated from other churches the district which closed down. They are also responsible for the two redundant church properties at Fordingbridge and Winterslow. The Circuit is responsible for insurance of the properties aniy, with the exception of the let manses, Councll Tax and water charges. 2025 Total Iunauditedl 2024 Manse Council tax Water In$ura#¢e Malntenan¢e I Sycamore Drive 9 New Zealand Ave 76a Countess Road 7 Norrnandy Way Winterslow 24 8arnaby Mead Unallocated Totals 3,322 1,679 791 492 1.003 9,689 10.720 1,152 5,116 11,860 10,720 1,152 280 1,189 4,708 35.025 4,775 6,955 5,692 961 280 1,189 4,178 530 6,150 5,001 22,564 Unallocated costs for maintenance relate to the redundant church propertie5 taken on by the circult during this financial year. 22
Salisbury Methodlst Clrcult NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 CONNEXIONAL AND DISTRICT ASSESSMENT AND LEVY The District Assessment 15 calculated relative to the staffing (Presbyter and Mission staff onlyl of all Circuits in the Southampton District. This amounted to £51k broken down as £44k lor the Connexion ènd £6.9k for the District Levy on the Circult Model Trust fund Is taken directly from the funds at Trustees for Methodist Church Purposes ITMCPI and is made up ol a Circuit District payment of £5,840 and an adminlstration char8e of £542. 2025 Total Iunaudltedl 2024 Totol General CMTF District expenses Methodist Church Fund Levy on CMTF Toials 6,949 44,006 6,949 44,006 6,382 S7,337 6,622 34,958 7,487 49,067 6,382 112.786 57.337 9. OFFICE AND ADMINISTRATION COSTS Cost5 include those incurred by presbyters in respect of their home offices and those of oth£r circuit office holders, thi5 amounted to £4.8k. Z025 Total Iunauditedl 2024 Total Gentral CMTF Publications. Including conference mintstes Postage Statlonary Bank charges Website eosts Telephone Total 690 690 677 72 438 60 60 98 10,962 11.810 60 98 10,962 10. OTHER OUTGOINGS Costs include one-off payment5 for èctlvities to support outreach activities, closure of churches and other permitted activities ol the charity. General Fund 2025 Toial Iunauditedl 2024 Total Otsttolngs General CMY PreachSng fees Church closure Misc Quinquennlal Youth Trainin8 Remtsvals Total 2,199 26,257 4,764 800 2.868 2,199 26,257 4,764 800 2,868 517 i.ioi 6.996 2,970 6,650 70 9,701 46,589 9,701 46,589 18,304 11. DESIGNATED FUNDS It has been decided that sirice certain historical designated funds - Manse5 maintenanee IwhSch has its own SOFA notel, Café on the Green and Youth work ale all bud8eted for and reported separately in the Circult Accounts and are not Restricted Funds, that the practice of Pfeparing separate designated schedules is no longer necessary and that all the associated tran5action5 will take place v53 our General Fund. The remainin8 Desl8nated Funds were transferred to the General Fund in 2024. 23
Sallsbury Methodist Circult NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 20Z5 12. MANSES AND OTHER PROPERTIES 8uilding5 comprise 3 manses and 3 investment properties. The circuit's role as managing tiustees for closed churches means that from time to time fixed assets from c105ed societies are transferred to the circuit when those societies accounts are closed. During the year the closed local circuit Iyeovil and Blackmore Vale) tiansferred some of thei¥ fixed assets to the Sallsbury Methodist Circuit. Thi5 resulted in 3 £870k increase to the investment properties over the figures stated in FY2415. It 15 intended that those transferred flxed assets will be dlsposed of In the coming financial year. The valuations for the transferred church bvildings are those made by the estate agents handllng the sales. Resldentlal Land Invèstmènt Manses Property Total COST: At I September 2024 Additions Disposals 935,(X)3 523,200 440,000 866,797 430.000 2.325.000 870.000 At 31 August 2025 935,003 963,200 1,296,797 3,195,000 DEPRECIATION.. At I September 2024 Charge for the year Eliminated on disposals At 31 Ay¥ust 2025 NET BOOK VALUE: At 31 August 2024 935 003 523 200 866 797 2 325 000 At 31 Augusi 2025 935 003 963 200 1296 797 3 195 000 13. DEBTORS Iunauditedl 2024 General Designated 2025 Trade debtors Prepayments and a¢crued Income 26,422 12,964 24
Salisbury Methodlst Clrcult NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 AUGUST 2025 14. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONEYEAR General Iunauditedl 2024 Deslgnated 2025 Accruals 32,196 32,196 The accrual relates to Stipends and associated costs for July and Au8U5t 2025 whlch were outstanding at the period end. 15. MOVEMENTOF FUNDS Balance at 0110912024 In¢omlng resources Outgolng resources Transfers Balance al 3110812025 Unrestrlded funds General free reserves Circuit Model Trusts 2,386,263 166,803 2,553,066 1,097,237 5,972 1,103,209 1351.1091 124,8821 1375,9911 56,000 156,0001 3,188,391 91,893 3,280,284 Restrlcted funds Endowment funds Total funds 2 553 066 1103 209 375 991 3 280 284 Compurutive boluncesfor the yeur ended 31 August 2024.. Iunaudltedl Balance at 0110912023 Ivnaudltedl galance at 3110812024 Incomlrtg rèsources Outgolng resources Transfers Vnrestrlrted fund5 General free reserves Clrcuit Model Trusts Designated Funds 2.073,771 188,139 19,651 2,281,561 513,458 10,151 1220,6171 131,4871 19.651 2.386.263 166,803 119,6511 523,609 1252,1041 2,553,066 Restrlrted fund5 Endowment funds Total funds 2 281 561 2 553 066 25
Salisbury Methodlst Clrcult NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 1S.a DESCRIPTION OF FUNDS Unrestrlcted fund5- Beneral fund The purpose of the fund is for use at the discretlon of the trustees in the furtherante of the 8eneral objectives of the Circuit and which have not been designated fL)r other purposes. About 99% of thls fund is held a5 freehold property being manses for the minister5 and investment property and. from tlme to time. redundanr chapels in the Circuit. GYant5 made during the year are shown in note 6. The Circuit Meeting is aware that grant applications must demonstrate public benefit and thi5 IS true for this fund. UnrestrictÈd funds- clrtult model trust fund The purpose of the fund is for use at the discretion ol the trustees in the furtherance of the general objectives of the Circuit. Its main source of income Is formulaically deterrnined contributi(>ns from the sale of manses and church btsildin85 in the Circuit. Although this is technically an Unrestricted Fund under the control of the Clrcuit Meeting, prior approval is still required from the Trustees for Methodist Church Purposes to utilise these funds. Methtsdist Standing Oiders 930, 931 and 917121 are applicable. Restricted & endowment funds There are no iestricted or endowment funds. Deslgnated fund Following the change to employing a Circuit 8ur5ar and Fir¥ance Steward from the previous Circuit Treasurer arrangements in 2024, it wa5 felt the practice of preparlng separate designated Schedules 15 no longei necessary and that all the assoclated transactions will take place via our General Fund. Consequently, the use of designaied fund has ceased. 16. RELATED PARTY TRANSAcfioNS Related parties include the Methodist Connexion, The Southarnpton District and Churche5 Wlthin the Circuit, CFB and TMCP. All financial tran53ction5 Wlth these related parties ale reported in these 3c¢ounlS. 17. AGENCY COLLECTION AND PAYMENTS The Circuit has acied as agent in either collection or facilitation of the monles for Methodist charities in previous years. Previously the sums sent to the Circuit by churches were remitted direct to the organisaiions or funds shown and do not appear elsewhere in these accounts. Following chan8e5 to banking arrangements churches now pay monies directly to charities and do not use the circuit for payments. 26
Salisbury Methodlst Clrcult APPENDIX A FOR THE YEAR ENDED 31 AUGUST 2025 Sallsbury Mèthodlst Clrcvlt Meetlng Membershlp for the year-ended 31 AuBU5t 2025 Iln¢ltsdln8 members appointed after yearondl: Mlni5ters: Revd. Dr Mark Cheetham Ichairl Revd. Denise Bink5 Revd. Steve Hawkes Supernumerary Ministers: Revd. Cecil King Revd. Christopher lones Revd. Margaret Jones Revd. Rosemary Fletcher Revd. Philip Richter Revd. Rosemafv Richter Revd. Judie Davies Revd. lane Taylor Revd. Stephen Maunder Revd. Derek Chaprnan Revd. Dr Philip Luscombe Revd. Dr Peter Ensor Rev Derek Chapman Rev Richard Clarke Rev Joyce Norman Rev Valerie Reid Rev Dr Peter Howson Lay Pastoral Asslstant: Mrs Jacqueline Saunders Circuit Steward5: Mrs Susan Holmes IFinancel Mrs Fiona Sherman Mrs Linda Hayman Major Tim Casey Manse Secretary: Mr Robert Tayloi Clr¢ult Local Preachers & Worshlp Leaders representatlves.. Mrs Valerie Liversidge Mr Bernard Robert Mr Malcolm Spencer Clrcult Appolnted: Mrs Grace E Chick IMethod*st Women in Britainl Mrs Diana Noble ISafeguardln8 Officer) Mr Nicholas Rutt Icircuit website mana8erl MI Ilm Gillin8s IECO champion) 27
Sallsbury Methodist Clrcult APPENDIX A FOR THE YEAR ENDEO 31 AUGUST 2025 Sallsbury Methodlst Circult Meetlng Member9hlp lor the year-ended 31 AyBUSt 2025 lincluding mèmbèrs appointed after yèarthendl.. Clrcult Church Representatlves: Ame5bury'. Mrs Lauren Newton Mrs Gillian Cook Mf Derek Fisher 8emerton: Mfs janet Hardv Mrs Moira Burton Mr lan Hardv Bourne Valley: Mrs loy Davey Mrs Lynne Sprin8 Pitlon.. Mrs Sarah Sankev Motcombe.. Mr David WoolridÈe Sallsbyry: Mr David Booth Mrs Carolyn Clarke Mr Paul Butler Mrs Beverley Turner Sandleheath: Mr Andrew Ledger Mrs Sue Ledger Mrs Sylvia Charle5worth Shaftesbury* Mrs Joanna Bathuist Ms Ruth Jones Shrewlon: Mrs Lilian M Foynes Mrs Dianne Robin50n Tlsbury: Mrs Christine Fordham Mr5 Joy Aylen Woodfalls: Mr Graham Tanner Mrs Anita Tanner 28