Charlly reglstratlon numb8r 1134370 (England and Wales)
ST ALBANS AND WELWYN METHODIST CIRCUIT
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Faulkner House
Victoria Street
St Albans
Hertfordshire
AL13SE
Rayner Essex LLP
Chartered Accountants

ST ALBANS AND WELWYN METHODIST CIRCUIT
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Rev David Jebb
Mr Stuart Johnson
Mr lan Gilbert
Mr David Carter
Mr James Johnslone
Mr John Robinson
Ms Helen Jeckells
Rev Rosemary Mulopo
MT Addy Olubajo
Ms Mary Bumside
Ms Rosalind Hancock
Rev Jervis Daniel Yovan
Rev Nigel Perrott
Mr Peter Holl
Dr George Woods
Or John Slertand
Mr Eric Bridgstock
Ms Valerie Parker
Mr David Bowler
Ms Pretty Nkiwane
Rev David Mullins
Ms Denise Willingham
Mr Anthony Stubbs
Rev John Churcher
Ms Joanna Rose
Mr Robert Ward
Mr Carl Meredith
Ms Hazel Laming
Mr Bob Cameron
Mr Tony Osller
Mrs Ruth Wallace
Rev Alan Combes
CharSty règlslratlon
England and Walès
1134370
Audltor
Rayner Essex LLP
Faulknef House
w￿loria Streel
Sl Ajbans
Hertfordshire
AL13SE

ST ALBANS AND WELWYN METHODIST CIRCUIT
CONTENTS
Page
Trustees, report
Independent audilorfs report
Statement of financial activities
Balance sheet
10
Notes lo the financial statements

ST ALBANS AND WELWYN METHODIST CIRCUIT
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees present their annual report and financial statemenls for the year ended 31 August 2025.
Introduction
We are in the Beds, Essex and Herts Methodist Distn"ct which comprises 12 circuits in thoge 3 counties. Our circuil
is called Sl. Albans and Welwyn and covers an area of mid-Hertfordshire, and has 8 churches.. Haffield Road and
Marlborough Road in St. Albans". Oxlease in Hatheld. Digswell Village, Ludwick Way. Panshanger in the Welwyn
Garder) City area.. and St John's Potters Bar and Radlett in the Hertsmere area. Shenley Methodist Church becawe
a '¢lass' of St John's Potters Bar in 2022 and all financial and property matters have been managed by St John's
since that lifne. Two of the circuit churches are part of ecumenical partnerships.. Radlett Iwith the United Reformed
Church) and Panshanger Iwith the Church ol England. the United Reformed Church and Btplisl Church)
The financi81 statements have been prepared in accordance with the accounting policies set out in nolo 1 to the
financial statements and comply with the chartvs goveming document. the Charities Act 2011, FRS 102 'The
Financial Reporting Standard applicable in Ihe UK and Republi¢ of Ireland" and the Charities SORP "Accounting
and Reporting by Charities". Slatement of Recommended Practice applicable lo charits'es preparing their accounls in
accordan¢e wilh Ihe Financial Reporting Siandard applicable in the UK and Republic of Ireland IFRS 1021..
Airns and organisation
The Mission of the St Alban5 and Welwyn orcuit is lo reveal the Kingdom ol God through the Methodist people and
their ecummenical partners across Central Hertfordshire. We aim to do this through the Holy Spirit In the worship ol
God, building UP the church. making disciples of Jesus Christ arbd transforming society by working for justice, peace
and unity-
Review of the year
There were no changes during the year in the minislerial team of 3 Presbyters and 1 Deacon. A new appointment as
Circuit Administrator was made in November 2024. This stability allowed churd)es to continue lo lo¢us on the
development ol their vision and plans for growth in local settings. wtth some specific plans being progiessed lor
property redeveloprnent and employment of lay Out￿aCh workers_ The circuit continued with its ongoing programme
ol safeguarding training for all those individuals conlinuing or Starting in roles connected with children and
vulnerable adults. Services of worship continue al all churches, with Birchwood Methodist Church having 'ceased to
meet, on 3110812024. All property and assets of Bird)wood were transferred to ihe arcuit on 0110912024 and are
reflected in these orcuit accounts.
Income trends
Over811 membership numbers continued lo reduce during the year. refleciTng some growih with new members but
also an ageing profile among all chur¢hes. with some deaths and some moving away. This has affected the level of
giving in local churches and all churches are significanlly Teliant on income generated from property letting to
maintain their financial position. The church which had been given financial support through the reduction ol their
asses5menl contn"butions in 2023124 returned to full payment. bul another church needed similar support In 20241
25. The letting ol the Allandale manse in Sl Abans was renewed once more tn Febmary and contsnues to provide
additional income. The rental income from the letting of Birchwood Methodist cent￿ was received into the circuit
a¢¢ounts following the transfer of assets lo the circuit on 0110912024.
Expènditure trends
Stipends increase each financial year as direcled by Conference.
The circuit contribution to District and Connexion lo tun(l the wider work of the Meihodisl Church was 16% 01 circuit
expenditure.
Expenditure on circuit propety increased with some works completed on outstanding items listed in Quinquennial
Reports. and Ihe costs associated with Birchwood Methodisl Centre have been paid by the CiTcuiI following the
transfer of assets on 0110912024.

ST ALBANS AND WELWYN METHODIST CIRCUIT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Resèrvès policy
The Circuit policy is to hold a minimum of 6 months. average expenditure. lo meel unforeseen major expenditure on
manses and to be able lo continue. in the short term, the ¢ir¢uil's planned aclivili¢s in the event ol shortfall the
assessment from ¢hLJrches.
As al 31 Augu512025 the net assets ol the Circuit, excluding property, represented approximately 4 months cover
for budgeted expenditurè.
Plans for 2025126
The 2025126 budget has bèen prepared once tnore on the basis of 3 presbyters, a deacon and a part-time
administrator, with inflationary ¢osl increases. Assessments from churches will ¢ontinue the same as in 2024125,
excepl lor a slight increase lor Radlett UFC and 8 slight decrease lor Ludwick Way.
Circuit Mini5teTS and OffiGèrs
The Iruslees who served during the year and up to the dale ol signatur8 of Ihe financial slalements were..
Rev Ddvid Jebb
Mr Stuart Johnson
Mr lan Gilbert
Mr David Carter
Mr James Johnslone
Mr John Robinson
M5 Helen Jeekells
Rev Rosemary MLJtopo
Mr Addy Olubajo
M5 Mdry Burnside
Ms Rosalind Hancock
Rev Jervis Daniel Yovan
Rev Nigel Perrott
Mr Peler Holt
Dr George Woods
Or John Sterland
Mr Eric 8ridgslo¢k
Ms Valerie Parker
Mr David Bowler
Ms Pretty Nkiwane
Rev David Mullins
Ms Denise Willingham
Mr Anthony Stubbs
Rev John Churcher
Ms Joanna Rose
Mr Robert Ward
Mr Carl Meredith
Ms Hazel Laming
Mr Bob Cameron
Mr Tony Ostler
Mrs Ruth Wallace
RevAl8n Combes
Aclivo Circuit Ministers
Rev Ddvid Jebb
Rev Rosemary Mulopo
Rev Jervis Daniel Yovan
Deacon Nigel Perrott
CircL¢it Stewards
Mr Stuart Johnson
Ms Pretty Nkiwane
Ms Valerie Parker
Stuart Johnson acted as the principal officer overseeing the day lo day financial management and accounting for
the circLJiI during the year.
Statement of trustees. responslbilities
The truslees are responsible for preparing the Trustees, Report and the finan¢ial statements in accordance with
applicable law and Uniled Kingdom Accounting Siandards (United Kingdom Generally Accepted A¢counting
Praclicel.

ST ALBANS AND WELWYN METHODIST CIRCUIT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
The law applicable lo ¢haritie5 in England and Wales requires Ihe Iruslees to prepare financial sta(emenls lor each
financial year which give a true and fair view of the stale of affaiTS ol the charity and of the incoming resources and
application of resources of the Charity for that year.
In preparing these financial statements, the trustees are required to..
select suitable accounting policie5 and ihen apply them consistently..
observe the methods and principlès in the Charities SORP.,
make judgements and estirnates Ihal are reasonable and prudenl:
state whether applicable accounting slandards have been lollowed, subje¢t to any material dePartU￿S disclosed
and explained in the financial ststements.. and
prepare the financial stalements on the going concem basis unless it is inappropriate lo presume that the charity
will continue in operation.
The trustees arè responsible for keeping suffitienl accounting records thal disclose with reasonable accuracy at any
lime the financial position of Ihe charily and enable them lo ensure that the financial st8lements comply with the
Charities A¢t 2011, the Charity IAccoun15 and Reports) Regulation$ 2008 and the provisions ol the trust deed. They
8re also responsible for safeguarding the asse15 of the charity and hence lor taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Auditor
Rayner Essex LLP were appointed as auditor to the company and a re501ution proposing Ihal they be re-appointed
will be pul at a General Meeb"ng.
Alms and organisatlon
Charity objective is fo act as a resource pr￿ider within the area arottnd St Albans and Wewn for the Methodist
Church.
The purpose5 of the Methodist Church are and shall be deemed to have been since the Date of Union the
advancement of..
al The Chrislian lailh in accordance wilh the doctrinal standards and discipline ol The Methodist Chur¢h,'
bl Any charitable purpDse for the time being of any Connexional, Districl. Circuit. Ioc81 or oiher organisation of The
Methodist Church.,
cl Any Gharilable purpose for the lime being of any society or institution subsidiary or ancillary to The Methodist
Church".
dl Any purpose lor Ihe lime being of afty charity being a charity subsidiary or ancillary to The meth￿liSt Church
The organisation and resourcing of Trgular public acts of wowship open lo members of the church and non members
alike.
The teaching of Chrislianity through semKJns, ￿￿rseS and small groups.
The resourang of pastoral work including visiting the sick and bereaved.
Taking religioLSS assemblies in local schools.
Promotion of Chrisb"anity through the staging of events and seTViCeS.
Provision of chaplaincy seryi¢es to the local university and olhèr instilutions.

ST ALBANS AND WELWYN METHODIST CIRCUIT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Public Benefit
The ciicuil ¢onfirrns that the cir¢uil members have had regard lo the Charity Commission's guidance on publi¢
benefit. The circuit provides public benefit through educational resources available lo both church members 2nd the
goneral public, supporting circuit staff and churches in providing publi¢ worship and the promotion of charitable
giving al both circuit and national level.
Structure, Governance and Management
The governing document for the circuit is the Deed of Union 119321 and Methodist Church Act 119781 Detailed
governance arrangements are outlined within th& Constilulional Practice and Discipline of the Methodist Church by
order ol the annual conference ICPDI. Day lo day management ol the circuit is undertaken by the Circuit
Leddership team along with the Local Preachers ffleeting.
Trustee Training
A rdn9e ol guidance pioduGèd by Methodi51 Connexion to support the effective running of the circuit, specifically the
leallel 'The Role ol a Trustee in The Melhodisl Church, is given lo all new Circuit meeting rnembers as induction lo
their role as Irustees.
Related Parties
The Circuit is part ol the Bed5 Essex & Herts Oislricl and is also accountable lo the Methodist Conferen¢e.
The following Methodist Churche5 are linked lo the circuit.. Marlborough Road, Haifield Road, Oxlease, Radletl
United Free ChLJrch, Sl Johns Poller5 Bar, Ludwick Way, Digswell and Panshanger. There are no other specific
organisalions wilh specific linkage.
Risk Management
The Circuit Leadership Tearn and other Circuit members raise any risks they have identified with the Circuit
Superinlendenl and lor the Circuit meeting. Risks are miligaled where appropriate by trustee and property
insurance.
Income and Expenditure is monitored and is comp2red with the approved annual budget on a regular ba515 to
identily trends and miligale any unlorseen call on ieserv&s.
Safeguarding
Every person has a value and dignity which comes directly from our creation in God's own image and likeness.
Christians see this polen1121 as fulfilled by God's re-creation ol u5 in Christ. Among other things this implies a duty lo
value all people as b&aring the irnage of God and therefore lo protect Ihern from harm.
Melhodisl Connexional practice outlines commitment to the following principles..
the care and nurture ol, and respectful pastoral ministry with. 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 which provide a loving environment where there is informed vigilance
as lo the dangers of abuse.
We will carefully sele¢l and train all those with any responsibility within the Church, in line with Safer Recruitment
prinGiple¥. inclLJding the use ul criminal records disclosures and regislralion with the relevant vetting and barring
schemes.
We will respond wilhoul delay lo every complaint made which sugges15 that an adult. child or young person may
have been hdrmed, cooperating wilh the police and local authority in any investigdlion.
We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of
informed pasloral care.
le will seek to challenge any abuso of power. especially by anyone in a position ol trust.

ST ALBANS AND WELWYN METHODIST CIRCUIT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
We will seek to offer pastoral care and support. including supervFsion and referral lo the proper authorities. to any
member ol our chur¢h comfnunity known lo have offended against a child, young person or vulnerable adull.
In all these principles we will follow legislalion, gtjidance and recognised goo(J Pfactice
The Sl Albans and Wehvyn Circuit commits itself to ensuring the implementstion of Connexional Safeguarding
Policy., government legislation, guidance and safè praclice in the circuit and in the churches.
The Sl Albans and Wewn Circuit commils itself lo the Pfovision of support, advice and training for lay and
ordained peop5e and this objeclive is delivered through the appointment of a Circuit Safeguarding Officer supported
by the District Safeguarding team and Saleguarding Officers al each ¢hurch. This will ensufe people are clear and
Confident about their roles and responsibilities in safeguarding and promoling the welfare ol children and adults who
may be vulnerable.
The Iruslees. r
rt was approve
by the Board of Trustees.
Rev D JeL)b
Trustee
Mr S F Johnson
Trustee
Dale..

ST ALBANS AND WELWYN METHODIST CIRCUIT
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF ST ALBANS AND WELWYN METHODIST CIRCUIT
Opinio
We have audiled the financial slalemenls DI Sl Albans and Welwyn Methodisl Circuit Ithe 'charily'l for the yoar
ende(J 31 August 2025 which comprise the statement ol financial activities. the balance sheet and notes to the
rin¢1ncial slalements, including Significant accounting policies. The financial reporting framework that has been
applied In their preparation is appliGable law and United Kingdom Accountin9 Standards, including Financial
Roporling Stzndard 102 The Financi¢?1 Reporting Slandard applicable in the UK and Republic of Irelancl (United
Kingdom Generally Accepted Accounting Praclicel.
In our opinion, the financial stalem8nls'.
giv¢ a true and fair view ol Ihg slate ol the charity'5 affairs as al 31 August 2025 and ol ils incoffling resources
and application ol resources, loi the year then ended.,
have been properly prepared in accordance with Unil6d Kingdom Generally Accepted Accounting Pra¢ti¢e',
and
have been prepared in accordance with the Charities Acl 2011.
8a515 for opSnion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law, Our responsibilities under those standards arg further described in the Auditors responsibililies for the audit of
Iho fin¢?ncial slaloinenls section ol our report. We are independent ol the charity in accordance with Ihe ethical
requiremen15 that are relevant to our audil ol the financial slalemen15 in the UK, including the FRC'S Ethical
Standard, and we have lullilled our other ethical re5ptsnsibililies in accordance with these requirements. We believe
Ihal tho audit evidence we have oblainad is sullicienl and appropriate lo provide a basis lor our opinion.
Conclusions rolatlng to golng concern
In aLS(Jiiing th& financial statements, we have concluded that the Iruslees, use ol the golng concern basis of
accounting in Ihe preparation ol the financial slalemenls is appropriate.
Based on the work w8 have performed, we have not identified any malerial uncertainties relating lo evonls or
condilitsns that, individually or collectively, may cast 5ignilicanl doubl on the Charity's abilily lo continue as a going
onc&rii lor a pèriod ol al least Iwelve months from when the financial 51alements are aulhorised lor issu8.
Our responsibilitigs and the responsibililitrs of Ihg trustees with respect lo going concern are doscribed in the
relovanl sections of this report.
Otlier information
Tho ollier Information comprises the information inclLJded in Ihe annual report other than the financial slalemenls
and our auditor's repori ther￿on. The Iruslees are responsible lor the other information contained within the annual
report. Our opinion on tho financial slatemenls doe5 not cover the Dlher information and we do not express any lor
ol assLJfdnce conclusion Ihereon. Qur iespon51bilily 15 to read Ihe olher information and, in doing $0, consider
whelher Ihe other information is mdlerially incon51slenl with the linancial sla18ments or our knowledge obtained in
the course ol the audit. or tslhtrrwise appears lo be materially misstated. 11 wts identify such material incDnsislenGies
or apparenl malerial misslalemenls, we are required lo determine whether this gives rise lo a ma19rial misslalemtrnt
in the financial statements Ihemselves. 11. based on the work we have performed, we conclude that Ihere is a
malerial Iniss131emenl ol this other information. we are required lo report that fact.
Wo have nothing to report in this regard,
Matters on which we are required to roport by exceptlon
We have nolhing to report in respect of Ihe following matters in relation to which the Charities (Accounts and
Reports) Regulalions 2008 requires us lo report lo you il, in our opinion..
the information given in the financial slalcments is inconsislenl in any materia1 respect with the Iruslees,
report, or
sufficient a¢counling record5 havè not been kept.. or
Ihe financial slalemenls are ntsl in agreement with the accounting records., or
we have not received all the Information and explanations we require lor our audit.

ST ALBANS AND WELWYN METHODIST CIRCUIT
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF ST ALBANS AND WELWYN METHODIST CIRCUIT
Responsibilities of trustees
As explained more fully in the stslemenl ol tnjstees. responsibilities. the twslees are responsible lor the preparation
ol the financi815tatemenls and for being satisfied that they give a true and fair view. and for such internal conlrol as
the trustees detem)ine Is necessary to enable Ihe preparation ol financial slaternenls Ihal are free from material
misstalemenl. whether due to fravd or error_ In preparing the financial statements. the trustees are responsible for
assessing the charity s abilily to continue as a going concem. disclosing. as applicable. matlers related lo going
concern and using Ihe going concern basis ol accountin9 unless Ihe Irustees either intend to cease operalions. Of
have no realislic alternative but to do so.
Auditor's responsibilÉties for the audit af the financial statemènts
We have been appointed as auditor under section 144 01 the Charities Acl 2011 and report in 8c¢ordance with the
Act and relevant regulations made or having effect the￿￿nder.
Our objeclives are lo obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement. whelher due to fraud or error. and to Issue an auditorfs report that indudes our opinion.
Reasonable assuran¢e is a high level ol assurance but is not a gLtaranlee thal an audit ¢onducted In accordance
with ISAS IUKI will a￿ayS detèct a matenal misstalemenl when it exists. Misstalements can arise from fraud or
error and are considered rnatenal If. individually or in the aggregale. they could reasonably be expected lo influence
the economic decisions of users taken on the basis of these financial statements.
The extent lo which our procedu￿$ are cap8ble of detecting irregularities. including IraLid. is detailed below.
The extent to which the audit wa5 considered capable of detecting irregularities including Iraud
Our approach to identifying and assessing thè risk5 of malerial misstatemenl in respect of IT￿guIaTi1ie5. including
fraud and non-compli8n¢e wilh laws and regulations, was as follows".
the èngagement partner ensured Ihal the engagement team collectively had the appropriate ¢c>mpelence,
capabilities and skills to identity or recognise non-complian¢e with applicable laiv5 and regulations."
we identified the laws and regulations applicable lo the charity Ihrough discussions with managemenl and
those tharged with govemance and from our knovAedge and experience of the charity sector they operate
we focused on specific laws and regulations whrch we conside￿d may have a direct material effect on the
rinancial statements or the operations ol the charity, including the Companies Act 2006, the Charilies Act
2011, the Charity SORP. data protection. health and safely and GDPR regulations-
we assessed the extent of compliance with the laws and regulations identified above Ihrough making
enquiries with managemenl and those charged with governance.. and
identified laws and regulations were communtcèled within Ihe audit leam regulaAy and the team remained
alert to instances of non-compliance Ihroughout the audit.
We assessed the susceptibility of the charity's financial statements lo material misstatefflent, including obtaining en
understanding of how fraud mighi occur. by=
making enquiries of managemenl and those charged wilh govemance as to where they considered there
was susceptibility to fraud. their knowledge ol aclual. suspected and alleged fraud,. and
considefing the intemal controls in place lo mibgale risks of fralbd and non<0mplian￿ with laws and
regulations.
To address the risk of fraud through management bias and override of controls. we..
performed analyiical procedures to identify any unusual or unexpected relationships;
tested journal entries to idenlity unusval transactions.,
assessed whether judgements and assumptions made in delerminin9 the accounling esltmates set out in
note 2 were indicative ol potential bias.. and
investigated the ralionale behind S￿nIfICant or unusual transactions.

ST ALBANS AND WELWYN METHODIST CIRCUIT
INDEPENDENT AUDITOR'S REPORT ICONTINUEDI
TO THE TRUSTEES OF ST ALBANS AND WELWYN METHODIST CIRCUIT
In response to the risk ol irregularities and non-cornpli8nce with laws and regulations, we designed procedures
whi¢h included, but were not limilgd to".
2greeing financial slaleTnenl disclosures to underlying supporting documtrntation:
reading the minute5 of meetings ol those charged with governance.,
enquiring ol managemeril as 10 actual and potential litigation and clairns", and
reviewing coirespondence with the Charity Commission.
There are inherent limitations in our audit procedures described above. The more rernoved that laws and
regulations are from financial transactions, the les5 likely il is that we would become aware of non-compliance.
Audiling standards also limit the avdit procedures required lo i(Senlily non-compliance with laws and regulations
to enquiry of Ihe directors and other management and the inspection of regulatory and legal correspondence, if any.
Material miss12temenls that arise due to fraud can be harder to delect than those that arise from error as they may
invglve deliberale concealment or collusion.
A further de5Griplion of our responsibilities is available on the Financial Reporting Council's website al.. hllps'.11
wNw.frc.org.uklaudilorsresponsibilitie5. This des¢riplion forms part of our auditor's report.
A further description ol our responsibilities is available on the Financial Reporting Council's website al.. hltps'.11
www.Irc.org.uklaudilorsresponsibililies. This descriplion forms part of our auditorfs report.
Other matters
Your attention is drawn lo the fact that the charity has prepared financial Statements in accordance with 'Accounling
and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the FifjanGial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. la5
amended) in preference lo the Accounling and Reporting by Charilies.. Statement ol Recommended Pra¢ti¢e issued
on 1 April 2005 which is referred lo in the exlanl regLJlations bul has now been withdrawn.
This has been done in order for the financial slalements to provide a true and fair view in accordance with current
Generally Accepted Accounting Practice.
Us6 ol OLTr report
This report is made 501ely to the charity's trustees. as a body, in accordance with Part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audil work ha5 been undertaken 50 that we might stale to the charity s trustees
those matters we are required to slate lo them in an auditor's report and lor no other purpos$. To the fullest extent
permillcd by law, we do nol accepl or assume responsibility to anyone other than Ihts charity 2nd the charity s
trustees as a body, lor our audit work, for this repori, or lor Ihe opinions we have formed.
Lucy Kate Ghawss FCA Isenior Statutory Auditor)
For and on behalf of Rayner Essex LLP. Statutory Auditor
Chartered Accounlanls
Faulkner House
Vicloria Street
Sl Alban5
Hertford5hire
ALI 3SE
Dale..

ST ALBANS AND WELWYN METHODIST CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted Restricted
funds
fund5
2025
2025
Totsl Unrestrbcted R¢stricted
funds
fvnds
2024
2024
Total
2025
2024
Notès
Ineome and endowments from:
Donations and legacies
Charitable activilies
Inveslrnents
Other income
100
254,547
58.757
17,263
100
254.547
58,757
17.263
125
265,740
36.300
125
265.740
36,300
Total income
330.667
330.667
302,165
302,165
Expenditure on..
Charitable activitie5
394.057
489
394.546
303,453
303.453
Totsl expenditure
394,057
489
394,546
303.453
303,453
Net incomellexpenditurel
before gains on investments
163.3901
{489)
{63.8791
11,2881
11,2881
Net gains on
investments
12
305,396
305.396
3,114
3,114
Net incomellexpenditure} and
movèment in funds
242.006
14891
241.517
1.826
1.826
Reconciliation of funds..
Fund balances al 1 September
2024
4.746.389
489 4.746,878
4,744,563
489 4.745,052
Fund balances at 31 August
2025
4.988.395
4.988.395
4.746.389
489
4.746,878
The slalemenl of financial activities includès all gains and losses recognised in Ihe year. Ml income and expenditure
derive from continuing aclivilies.

ST ALBANS AND WELWYN METHODIST CIRCUIT
BALANCE SHEET
AS AT 31 AUGUST 2025
2025
2024
Notes
Fixed a55ets
Taiigiblc a55els
Investment proparty
Inveslmenls
14
3.600,000
1.325,000
60,580
3.755.781
862,416
61,987
16
4.985,580
4,680,184
Current ass•ts
Debtor5
Cash al bank and in hand
17
18
14,060
101,691
13.763
104.521
115,751
118,284
Croditors: amounts falllng dutr withln
ong y8ar
19
167,5601
141.5901
Not ¢urr¢nl assets
48,191
76,694
Total assgts less current Ilabllltles
5.033,771
4,756,878
Crodltors.. amounts falllng due after
moro than one year
20
145,3761
110,0001
Net ass•l8
4,988,395
4.746,878
The funds of the charlly
Re51ricled income lunds
Unreslricled funds
21
22
489
4,746,389
4,988,395
4,988,395
4,746,878
The financial slalemenls we
pprovèd by the tru
eso
Rev
Trustee
ebb
Mr S F Johnson
Trusteg
10-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting poll¢les
Charity information
Sl Albans and Welwyn Melhodisl Circuil 15 an unincorpoTal$d charity. The re9islered office of the charily is
Hatfield Road Melhodisl Church. 1338 Hatheld Road. S( Albans. AL14JX.
1.1 Ba$ls of pr*paratSon
The financial slalemenls have been prepared in aeo)rdance with Ihe char¢lWs governing document, the
Charities Act 2011. FRS 102 "The Financi81 Rèporting Stsndard applicable in the UK and Republic ol Irèland.
and the Charities SORP "Accounting and Reporting by Charities.. Slalement of Recommended Pra¢lic9
applicable to charities preparing their accounts in accordance wilh the Financial Reporting Standard
applicable in the UK 8nd Republic of IrelarKI {FRS 1021". The charity is a Public Benefit Enlily as defined by
FRS 102.
The charity has taken advantage ol the provisions in the SORP for tharilies not lo prepare a slalement of
cash flows.
The financial statements are prepared in sterling, which is Ihe lundional currency ol the charily. Moneiary
amounts in these financial stalem8nls are TOUr￿e￿ to the nèarest £.
Th8 financial slalemgnls have been prepa￿d under the hlsiori¢al eosl convention. The principal accounllng
policies adopled are sel oul below.
1.2 Going conc8rn
Al the lim8 ol approving the financial stalemgnls, Ihe Iruslees have a r8asonable expeclation that the charily
has adequate resources lo continue in operalional exislence lor the foreseeablè future. Thus the Iruslees
continue lo adopt Ihe going concem basis of a¢￿Un11ng in preparing Ihe financial stalemenls.
1.3 Charltablé funds
The funds held constitul8-. General Funds held for any purpose ol the Circuit which are unreslricled. The
Circuit Mod81 Trust Fund has wide purposes dèfined In Slanding Orders and is c81e9orised as unr8slricled.
Designated funds, held al the Circuit's discretion but designated for specific purposes. Restricted lunds may
be held IDr a narrower purpose. Details of each malerial fund are disdosed in Ihe noles lo these accounts.
1.4 Income
Income is included in the Statement ol Finanaal Aclivilies ISOFAI when the Circuit becomes enlilled lo the
resourcès, the trustees are reasonably certain they will receive the resources and lh8 rnonelary value can be
measured with suffi¢ienl ieliability.
1.5 Resources expendèd
Expenses are recognised when a liability is incurred, or a eonslruclive obligation arises, that results in the
payment being unavoidable. Liabilities are iecognised as soon as an outnow of resources is considered more
likely than not under a legal or consifuclive obligation.
1.6 Tanglble fixed assots
Tangible fixed asse15 are initially measured al cost and subsequently measureil al cost or valuation, nel of
depreciation and any impairment losses.
Freehold land and building5
No deprecialion
The gain Of loss arising on the tlisposal of an assel is detem)ined as Ihe difference between the sale proceeds
and the carryin9 value ol Ihe asset, and is recogni5ed in the slalement of financial a¢ttvities.

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting policSès
(Continued)
1.7 Investment property
Investment property. which is property held lo earn rentals andlor for capital appreciation. is initially
recognised al cost, which includes the purchase cosl and any directly attributable expenditLJre. Subseouently
il is measured at lair value al the reporting end dale. The surplus or deficit on rèvaluation is recognised within
the Slalemenl ol Financial Aclivilies.
1.8 Fixed asset Investments
Fixed assel investments are initially measured at transaction price excluding transaction costs, and are
subsequently measured al lair value at each reporiing date. Changes in fair value are recognised in nel
incomellexpenditurel lor the year. Transacliori costs Jre Èxpensed as incurred.
1.9 Impairment of frxed assets
Al e2ch r8POrting end dale. the charity reviews the carrying amounts of ils tangible assets lo determine
whether there is any indication that those assets have suffered an impairment loss. 11 any such In(Jicalion
ex151s. the recoverable amount ol the asset is estirnaled In order lo determine the extent ol the Impairmenl
loss Ill any).
1.10 Cash and cash equivalents
Cash and cash equivalents inGlude cash in hand, deposits held al call with banks, other short-term liquid
investments with original malurilies of three months or less, and bank overdrafts. Bank Dverdralls are shown
within borrowings in current liabilities.
1.11 Financial instruments
The charily has elected lo apply the provisions of Section 11 'BasiG Financial Inslrumenls, and Section 12
'Other Financial Inslruments Issues. of FRS 102 to all ol ils financial Instruments.
Finan¢ial instruments are re¢ogftised in the charity's balance Sheet when the charity be¢omes party lo the
contia¢lual provisions ol the instrument.
Financial assels and liabililies are offsel, with the nel amounts presented in the financial slalements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intenlion lo settle on a nel
basis or lo r&alise the asset and sellle the liability simultaneously.
Basic financial assèts
Basic financial assets, which include debtors and cash and bank balances, are initially measured 8t
Irafjsaclion price including tranSaGlion costs and are subsequently carriéd al amortlsed cost using the effèctive
intore51 method unless the arrangement constitutes a financing transaction. where the transaction is
measured al the present value ol the future receipts discounted al a market rale of inlere5l. Financial assets
classified as receivable within one year are not amortised.
Basti¢ financial liabiltilies
Basic Iinancial liabililics. including creditors and bank loan5 are initially recognised at transaction price unless
Ihe arrangetnent constilules a financing transaction. Ivhere the debt instrument is measured at the pr8senl
value ol the lulure paymen15 discounted al a markat rate of interest. Financial liabilities classified as payable
within one year are not iimorlised.
Debt Instruments are subsequently carried at amortised cost, using the effective interest rale fflelhod.
Trade creditors are obligations Its pay for goods or services that have been acquired in the ordinary ¢our5e of
operations Irom suppliers. Amounls payable are classified as current liabilities il payment is due within one
year or less. 11 not, they are presented as non-currenl liabilities. Tradè creditors are recogoised initially at
Iiansaction prico and subsequently mea5urod at amortised cost using the effective interest method.
12-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Accountlng poll¢lès
(Continued)
Derecognltlon of finan¢l81 Ilabilllles
Financial liabilities are derecognised when the charfly's conlraclual obligations expire or are discharged or
cancelled.
1.12 Employee benefit$
The ¢osl ol any unused holiday enllllemenl is recognised In the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably commilled
to terminate Ihe employment ol an employee or lo provide terminalion benef11s.
Crltlcal accounting •$tlmates and ludgèment$
In tha application of the eharily s accounting polieies, the trustees are requirèd lo make judgernents, eslimales
and assumptions Bboul the Carrying 8mount of assets and liabili11gS that ar8 nol readily apparent from other
sources. The estimates and associated assumptions are based on hislorical experience and other laclors Ihal
are considered lo be reltsvanl. Aclu81 rèsults may differ from these eslim81es.
The estimates and underlying a8sumption5 are reviewed on an ongoing basis. Revisions lo accounting
eslimales are re¢ognised In the period in which the e51imale Is revised where the revislon affects only that
period. or in the period ol the revision and lulure periods where the revision affects bolh current and lulure
periods.
Property valuatlons
The company values property, both fixed assets and investment property al lair value. Therefore a key source
of estim81ion and judgement, however reli8nce is placed on using exlernal qualified expert valuers.
In¢omg from donatlon$ and lègaclès
Unr981rlcted Unrestrieled
funds
funds
202S
2024
Donations and gifts
100
125
13-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2025
Income from charitable activities
Unrestrlctfrd
funds
2025
Unrtrstricted
funds
2024
Asse55mentS
Marlborough Road St Albans
Hatfield Road Sl Albans
Radleti
Sl John's Pollers Bar
Birchwood
Ludwick Way Welwyn Garden City
Oxleasè Hatfield
Digswell Village
Panshanger ILEPI
69,000
58,500
16,800
58,500
74,000
52,800
16,000
65,400
3,240
19,200
14,C>OO
20.400
700
12,400
15,997
22.600
750
254,547
265,740
Income from investmènts
Unrestricted Unrestrieted
funds
funds
2025
2024
Rental income- Birchwood Melhodisl Centre
Rental income- Allandale
CFB lunds
Interest receiavble
18,325
34.200
2.062
4,170
28.714
2.672
4,914
58.757
36,300
other income
Unrestricted Unrestricted
funds
funds
2025
2024
Birchwood account balanG8s
Birchwood gift aid
17.008
255
17,263
14-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Expenditure on charitsble activities
Unreslri¢ted Unrestricted
fund5
funds
2025
2024
Direct ¢osts
Staff costs
District assessment
Telephone & travel
Insurance & ulililies
Mainten8nce Dn manses
Other 8xpendilure
Contributions lo district advance fund
Expenditure on olher circuit property
177,688
60.728
9.844
23.144
17,533
25.570
1,854
13.965
173,763
56,756
13,505
19,526
13,842
16.617
1,744
330.326
295,753
Grant funding ol acllvities (see note 81
64,220
7,700
394,546
303,453
Analy51$ by fund
Unrestricted funds
Roslricled funds
394,057
489
303,453
394,546
303,453
Grants payable
Unr•strlctèd Unreslricled
funds
funds
2025
2024
Grants lo inslilutions..
Sl John's Pollers Bar Melhodisl Church
Marfborough Road Methodist Church
Hatfield Road Methodist Church
Ox1ease Melhodisl Church
Ludwick Way Melhodlsl ChLJrch
44,220
2D,000
11,3001
7.000
2,000
64,220
7,700
Net movement In funds
2025
2024
The nel movement in funds is staled after chargingllcreditingl-.
Fees payable lor the audit ol the charity's financial siatemenls
8,400
6.000
15-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
10 Trust8es
None of the trustees lor any persons connected with them) received any remuneration during the year12024'.
1 Irustee received remuneration of £10,609).
11
Employee5
The average monlhly number of employees during Ihe year was..
2025
Number
2024
Number
Employment costs
2025
2024
Wages and salaries
177,688
173.763
Certain fflinislerial staff serving the Circuit are employed under contracts held by the Melhodisl Church. The
associated employfflenl costs are recharged lo the Cir¢uit and Ihe ministers are included within the employee
numbers reported in these acwunls.
There were no employees whose annual remuneration was more than £60,000.
12 Gains and1055es on Investments
Unrestricted Unrestricted
funds
funds
2025
2024
Gainslllosse51 arising on..
Revaluation ol properties
Translei of investmenl properties
Gain or loss on investment asset
1118,1971
425,000
11.4071
3.114
305.396
3.114
13 Taxation
The charity is exempl from taxation on its activities because all Ils income is applied for charitable purposes.
16-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
14 Tangible fixed assets
41 Cubitt$
Close Gainsborough
Avenue
16
67 Bakor 8 Chlpmunk
street
Chase
Total
Cost
Al 1 Septembgr 2024
Revaluation
681.390 1,230,570 1,124.802
43.610
130.5701 1124.8021
719,019 3.755.781
144,0191 1155,7811
AI 31 Au9usI 2025
725.000 1.200,000 1,000,000
675,000 3,600.000
Carrylng amount
Al 31 AugLJsI 2025
725,000 1,200.000 1,000,000
675.000 3.600,000
Al 31 August 2024
681,390 1,230.570 1,124,802
719.019 3.755,781
Lond and buildings comprls8s of 4 manses held by th& clrcuil.
The fair value of the land and buildings has betsn arrived al on the basis ol a valuation carried out by Rumball
Sedgwick, who are not connected with the charity. The valuallons were made on an open market vAlue basis
by reference lo market evidence ol transaction prices for similar properties.
Based on the earliest avallable property record5 accesslble lo the Trustees, dating from 2014, Ihe historical
cosl ol the land and buildings is eslimal&d al £2.3m, using Ihe property value al that dale as the closest
availabl¢ approximation to orlglnal cost.
15 Invèstment property
9 Allandale
Blrchwood
Methodist
Contro
Total
Falr value
Al 1 Seplembgr 2024
Transfers
Nel gains or losses Ihrough lair value adjustments
862,416
862.416
425,000
37,584
425,000
37,584
At 31 August 2025
900.000
425,000
1.325,000

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2025
15 Investment property
Icontlnuedl
Investment properties comprises of 2 properties held by the circuit.
During the year ended 31 August 2023, 9 Allandaltr, previously used as a Manse, was renovated and then let
as an investment properly from February 2024. The transfer from land and buildings was made 81 market
value of £848,000.
During the year, following the closure of one ol Ihe churches, the related property was transferred into the
ownership of the Circuit al no consideration. The property is now held as an investment property and is
leased. with rental income recognised in the Slalemenl of Financial Activities in the period.
The fair value ol the investment properties has been arrived al Dn the basis of a valuation carried OLJt by
Rurnball Sedgwick and Peter Hill Chartered Surveyors. who are not connected with the chaiily. The
valuation5 were made on an open market value basis by reference to market evidence of Iransaclion prices
lor similar properties.
16 Fixed asset investments
Unlisted
investmen15
Cost or valuation
Al 1 September 2024
Valuation changes
61,987
11,4071
Al 31 August 2025
60,580
Carrying amount
Al 31 Augu512025
60.580
At 31 August 2024
61,987
The above relates lo an investment 0135.180 Ljnils al market value in the Central Finance Board Fixed
Inlerost Fund.
17 Debtors
2025
2024
Amounts falling due within one year..
Prepaid stipends
Levy
14,007
53
13.763
14,060
13,763
18-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
18 Bank
2025
2024
Trustees lor Methodist Church Purposes Deposits
Circuit CF8 Balance
Birchwood CF8 Balance
CAF Account Balancè
Birchwood Natwesl 88lan¢e
12,607
65,768
9.834
5.875
7,607
12,156
81,562
10,803
101,691
104,521
19 Credltors.. amount$ falllng due wlthln one y•ar
2025
2024
Assessmen1$ in advance
Grants accrued
Other accrua15
18.933
38.844
9,783
18.933
15.000
7.657
67.560
41.590
20 Credltors: amounts falllng due after more than one year
2025
2024
Accrued Granls- MRMCIHRMC S81isbury Village Mission
Aecrued Gfanls - SJPB Outreach Worker
10.000
35,376
10,000
4S,376
10,000
21 R•slrlct¢d lunds
The restricted lunds of the charity compris6 the unexpended balances ol donations and grants held on trust
subject to specific conditions by donors as lo how they may be used.
At1
September
2024
Rèsources At 31 August
expended
2025
In memory of H Roberts
489
14891
19-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
21 Restrlcted funds
(Continued)
PrevSous year:
At1
Septemb*r
2023
Re50urce$ Al 31 August
•xpended
2024
In mèmory of H Roberts
489
489
The reslrlcled fund is lo be used for the LudwSck Way Mglhodist Church if appropri818.
22 Unrestrl¢ted fund$
The unr8stricled funds DI the charity comprise the unexpended balances of donations and grants that are not
subject lo specific donor.imposed conditions, log81hgr with property and other assets held wilhln the
Ljnreslricled funds. Certain assels may nevertheless be subject lo reslri¢lions on their use or disposal arising
from the charity's governing document or other legal arrangements.
Incomlng Resources
rosourcos
expend•d
Transfers
Galns and At 31 August
losstrs
202$
Soptemb•r
2024
General fund
Circuit model
Irusl fund
4,734,233
330.134
1391,9621
12,0131
305.396
4,975,788
12,156
533
12,0951
2.013
12,607
4,746,389
330,667
1394,0571
305,396
4,988,395
Prgvlous yoar..
A11
September
2023
Incomlng
re$ources
Resources
expended
Transfers
Galn8 and At 31 August
losses
2024
Genereal fund
Circuit model
Irusl fund
4,733,689
301,614
1301,5111
12,6731
3,114
4,734,233
10,874
551
11,9421
2.673
12.156
4.744,563
302,165
1303,4531
3,114
4,746,389
20-

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
22 Unrestrlct$d funds
IContinuÈdl
Included within unrestricted funds are land and buildings Imansesl of £3.6m. 35 well a5 investment property ol
£1.3m, which are included in the balance sheel al their mosl recent professional valuation.
Based on the earliest available property records accessible to the Trustees, dating from 2014. the historic cost
of the land and bLtildings is eslimaled at £2.3m, using the property value al Ihal dale as the closest available
approximation lo original c051. This èslimale is provide(J lor disdosufe purpose5 only, as lull historic cost
Inlomialion is nol available.
The difference be￿een hisloric cosl and valuation is approximately £1.3m and this is retlecled within
unreslricled funds.
11 a property was sold a significant part of the proceeds may have to be paid to other bodies within the wider
Methodist Chureh.
23 Analysis of net assets botween funds
Unr•strlcted
tund$
2025
R•strlcted
funds
2025
Total
2025
At 31 August 2025:
Tangible assets
Investment properlie$
Investments
Current asselsllliabilities)
Long term liabilities
3.600.000
1.325.000
60.S80
48.191
145.3761
3,600,000
1.325,000
60,580
48,191
145,3761
4,988.395
4,988.395
Unrestricted
funds
2024
Restricted
funds
2024
Total
2024
At 31 August 2024..
Tangible assets
Inveslment properties
Inveslmenls
Current assetsllliabilit4esl
Long lemi liabilities
3.755,781
862,416
61.987
76,205
110.0001
3,755,781
862.416
61.987
76.694
110,0001
489
4,746.389
489
4.746,878
24 Capital commitments
Al the year end, ihe charity was commiited to provide a bridging loan of £33.000 to support the development
of a soft play facility at Malborough Road Methodist Church. At the dale of approval of these financial
statements, the loan had not yel been advanced..
21

ST ALBANS AND WELWYN METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
25 Rglated party transactlons
During the year the circuit paid Haffield Road Methodist ChurGh £1,20012024.' £1.2001 for the use of an office
as reflacled in oth8r expenditure.
22-