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← Telford Methodist Circuit

2025-08-31-accounts

REGISTERED CHARITY NUMBER: 1134372

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

TELFORD METHODIST CIRCUIT

Crombies Accountants Limited Chartered Accountants 34 Waterloo Road Wolverhampton West Midlands WV1 4DG

TELFORD METHODIST CIRCUIT

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 20
Detailed Statement of Financial Activities 21

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The calling of the Methodist Church is to respond to the gospel of God's love in Christ and to live out its discipleship in worship and mission. It does this through: Worship, Learning and Caring, Service and Evangelism.

The circuit includes 13 Methodist churches and 3 LEPs. The circuit provides ministerial oversight, through the support of 3 full time Presbyters, 2 part time Presbyters, 3 supernumerary presbyters and a number of lay workers.

The Circuit provides a benefit to the public by supporting both financially and practically, through the churches across the area. The churches provide a venue for many varied activities throughout the week as well as worship on a Sunday.

FINANCIAL REVIEW

Financial position

An Annual Budget Review is undertaken to consider the current level of funds held, the anticipated expenditure for the forthcoming 12 months, and how this is to be met by contributing churches. Reassessment of each church is done by examining the value of contributions they receive, the number of members and any funds held, along with any extra expenditure they may have forecast in their individual budgets. Care is taken to ensure fairness across all churches.

Reserves policy

The Reserves Policy for the Telford Circuit is to hold a sum equivalent to 3 months annual expenditure in the General Fund in order to meet any unforeseen planned activities in the event of the closure of a church or an inability to raise the full income required from churches.

Our restricted funds are held by the Trustees for Methodist Church purposes and we have access to them as appropriate but do not manage the capital.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Safeguarding

Safeguarding continues to be an important area of consideration for the Church and we continue to work with the Wolverhampton and Shrewsbury District and the wider connexion in order to ensure that our policies, training and practices meet both moral and all of the statutory and legal requirements in this area.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1134372

Principal address

Dawley Christian Centre High Street Dawley Telford Shropshire TF4 2EX

Page 1

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

Trustees Superintendent Minister

Adrian Burdon

Ministers

Roger Dunlop Nik Wooller Fiona Brown Derrick Lander David Lavender

Lay Workers

Jo Kudlacik* Diane Parkin John Parkin

Lay Workers (but not trustees)

Helen Hayward Sharon Hanson Richard Lockley Lauren Baxendale

Circuit Stewards

Marcelle Kite Jo Kudlacik Effie Appiah Eric Boachie Val Smith*

Officers & Committee Representatives

LP Secretary David Corden

LP Representatives Christine Rayner

Admaston

John Addison Bill Tomlinson Jane Holden Angela Kidd

Albrighton

Alison Lang Chris Harrison

Bridgnorth

Ruth Cole John Pratley Diane Radford Gillian Lindley

Broseley

Marcus Branson Rita Powell

Dawley CC

Robert Yapp Val Smith

Page 2

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 AUGUST 2025

Donnington Celia Talbot Philip Owen Eileen Owen

Dunwell (Ketley)

Effie Appiah Eric Boachie

Hadley

Shirley Toze Esi Adams Eudalia King

Horsehay Margaret Reynolds David Tarrier Jan Bennett

Leegomery

John Bowdler David Collington Shirley Stevens Val Beasley

Much Wenlock Brian Oakley Joyce Pridmore

Newport Margaret Mantripp Lesley Busby-Waltho Jim Carroll Richard Langley Annie Cuthbert

Oakengates Sylvia Bailey Andrew Evans Angela Evans

Rodington Tom Currie

Shifnal Janet Lander

Wellington

Diane Parkin Alastair Battrick Roger Jones Mary Donaldson

Page 3

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Ian Cattell FCA Crombies Accountants Limited Chartered Accountants 34 Waterloo Road Wolverhampton West Midlands WV1 4DG

Solicitors

Clarkes Solicitors Hazeldine House Telford Centre Telford TF3 4JL

Advisers and Bankers The Co-operative Bank plc, PO Box 101 1 Balloon Street Manchester M60 4EP

Richard Hustwick - Manses Surveyors

2 St. James Crescent Stirchley Telford TF3 1BL

Andrew Dixon and Company - Churches Surveyors

Grosvenor House Central Park Telford TF2 9TW

Christophers - Quinquennial inspections Adrian Mole Midtrees The Green Hambridge Langport Somerset TA10 0AT

Tempertons Lettings - Lettings

23 - 25 High Street Newport Shropshire TF10 7AT

Superintendent Minister is now the Rev Adrian Burdon who can be contacted via the circuit office: Dawley Christian Centre, High Street Dawley TF 01952 505108.

Page 4

TELFORD METHODIST CIRCUIT

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025

Approved by order of the board of trustees on 29 September 2025 and signed on its behalf by:

Rev A Burdon - Trustee

Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF TELFORD METHODIST CIRCUIT

Independent examiner's report to the trustees of Telford Methodist Circuit

I report to the charity trustees on my examination of the accounts of Telford Methodist Circuit (the Trust) for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

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

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

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

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

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

Ian Cattell FCA

Crombies Accountants Limited Chartered Accountants 34 Waterloo Road Wolverhampton West Midlands WV1 4DG

29 September 2025

Page 6

TELFORD METHODIST CIRCUIT

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Notes
INCOME AND
ENDOWMENTS FROM
Charitable activities
4
Assessments on Churches
Sale of churches
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
District Assessment
Stipends, NIC & Pensions
URC Mission & Ministry
Office & manse expenses
Property Repairs
Grants to churches
Profit on sale of manse
Accountancy and legal fees
Connexional levy
Total
Net gains on investments
NET
INCOME/(EXPENDITURE)
RECONCILIATION OF
FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
funds

£
237,994
-
12,202
66,322
316,518
3,480
49,950
183,942
25,708
42,498
19,948
18,000
-
3,590
56,134
403,250
-
(86,732)
2,332,226
2,245,494		 Restricted
funds
£
-
-
-
1,908
1,908
-
-
-
-
4,369
-
-
-
-
-
4,369
-
(2,461)
61,696
59,235		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,167
1,167
59,114
60,281		 2025
Total
funds
£
237,994
-
12,202
68,230
318,426
3,480
49,950
183,942
25,708
46,867
19,948
18,000
-
3,590
56,134
407,619
1,167
(88,026)
2,453,036
2,365,010		 2024
Total
funds
£
231,965
390,676
14,183
51,694
688,518
2,979
51,523
181,295
16,180
42,943
48,834
2,000
(40,151)
3,840
248,230
557,673
2,534
133,379
2,319,657
2,453,036

The notes form part of these financial statements

Page 7

TELFORD METHODIST CIRCUIT

BALANCE SHEET 31 AUGUST 2025

Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Prepayments and accrued
income
Cash at bank
CREDITORS
Amounts falling due within one
year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS
CURRENT LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS		 Unrestricted
funds

£
1,467,015
-
1,467,015
-
783,901
783,901
(5,422)
778,479
2,245,494
2,245,494		 Restricted
funds
£
-
-
-
-
59,235
59,235
-
59,235
59,235
59,235		 Endowment
fund
£
-
60,004
60,004
-
277
277
-
277
60,281
60,281		 2025
Total
funds
£
1,467,015
60,004
1,527,019
-
843,413
843,413
(5,422)
837,991
2,365,010
2,365,010
2,245,494
59,235
60,281
2,365,010		 2024
Total
funds
£
1,467,015
58,837
1,525,852
(1,571)
931,695
930,124
(2,940)
927,184
2,453,036
2,453,036
2,332,226
61,696
59,114
2,453,036

The financial statements were approved by the Board of Trustees and authorised for issue on 29 September 2025 and were signed on its behalf by:

A Burdon - Trustee

The notes form part of these financial statements

Page 8

TELFORD METHODIST CIRCUIT

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
2025
Notes
£
Cash flows from operating activities
Cash generated from operations
1
(128,912)
Net cash (used in)/provided by operating activities
(128,912)
Cash flows from investing activities
Sale of tangible fixed assets
-
Interest received
40,630
Net cash provided by investing activities
40,630
Change in cash and cash equivalents in
the reporting period
(88,282)
Cash and cash equivalents at the
beginning of the reporting period
931,695
Cash and cash equivalents at the end of
the reporting period
843,413		 2024
£
62,319
62,319
290,151
32,194
322,345
384,664
547,031
931,695

The notes form part of these financial statements

Page 9

TELFORD METHODIST CIRCUIT

NOTES TO THE CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 AUGUST 2025

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Gain on investments
Profit on disposal of fixed assets
Interest received
(Increase)/decrease in debtors
Increase in creditors
Net cash (used in)/provided by operations		 2025
£
(88,026)
(1,167)
-
(40,630)
(1,571)
2,482
(128,912)		 2024
£
133,379
(2,534)
(40,151)
(32,194)
3,819
-
62,319

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24 Cash flow At 31.8.25
£ £ £
Net cash
Cash at bank 931,695 (88,282) 843,413
931,695 (88,282) 843,413
Total 931,695 (88,282) 843,413

The notes form part of these financial statements

Page 10

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research and judgement. The accounts are expressed in £ Sterling, rounded to the nearest pound.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at 2017 revaluation. No depreciation is provided on the building because the trustees consider the current residual fair value of the manse buildings (on the assumption that it had reached the end of its useful economic life by the year-end) to be not less than its current value. Any depreciation would not be material. The properties have been reviewed for impairment and are being maintained in good repair.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 11

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

2. OTHER TRADING ACTIVITIES

Other income
3.
INVESTMENT INCOME
Rents received
Deposit account interest
Rents received relate to the letting of temporarily surplus manse accommodation.
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Assessment on churches
Assessments on Churches
Sale of churches
Sale of churches		 2025
£
12,202
2025
£
27,600
40,630
68,230
2025
£
237,994
-
237,994		 2024
£
14,183
2024
£
19,500
32,194
51,694
2024
£
231,965
390,676		 2024
£
14,183
2024
£
19,500
32,194
51,694
622,641

Assessments on Churches

At the beginning of the year, the Circuit comprised of 17 churches and each was assessed for a contribution to meet the overall net costs of the Circuit.

5. RAISING FUNDS

Investment management costs

Investment management costs
2025 2024
£ £
Property letting costs 3,480 2,979
6. CHARITABLE ACTIVITIES COSTS
District Assessment
Stipends, NIC & Pensions
URC Mission & Ministry
Office & manse expenses
Property Repairs
Grants to churches
Accountancy and legal fees
Connexional levy		 Direct
Costs
£
49,950
183,942
25,708
46,867
19,948
-
-
56,134
382,549		 Grant
funding of
activities
(see note
7)
£
-
-
-
-
-
18,000
-
-
18,000		 Support
costs (see
note 8)
£
-
-
-
-
-
-
3,590
-
3,590		 Totals
£
49,950
183,942
25,708
46,867
19,948
18,000
3,590
56,134
404,139

continued...

Page 12

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

6. CHARITABLE ACTIVITIES COSTS - continued

District Assessment & Levy

In common with other circuits in the District, the Circuit pays an annual assessment, which is based on the number of Methodist Presbyters and Lay Workers within each circuit. The Levy is calculated on a sliding scale percentage of the balance of the Circuit's CMTF at 31 August in the previous accounting year.

URC Mission & Ministry

The URC Synod makes an annual charge relating to its general costs.The total cost for the year ended 31st August 2025 was £25,708 (2024: £16,180).

7. GRANTS PAYABLE

Grants to churches
The total grants paid to institutions during the year was as follows:
Donations to churches		 2025
£
18,000
2025
£
18,000		 2024
£
2,000
2024
£
2,000

8. SUPPORT COSTS

Governance
costs
£
Accountancy and legal fees 3,590

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Certain trustees are remunerated as employees of the Circuit. All payments to trustees are at normal market rates and are subject to review by independent members of the trustee body. Total annual amounts paid to trustees were as follows:

Stipends and salaries - £148,945 Employer's national insurance contributions - £13,189 Employer's superannuation contributions - £21,805

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

continued...

Page 13

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
148,946
13,190
21,806
183,942		 2024
£
146,809
10,050
24,436
181,295

The average monthly number of employees during the year was as follows:

Layworkers
Stipends		 2025
7
3
10		 2024
6
5
11

No employees received emoluments in excess of £60,000.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Charitable activities
Assessments on Churches
Sale of churches
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
District Assessment
Stipends, NIC & Pensions
URC Mission & Ministry
Office & manse expenses
Property Repairs
Grants to churches
Profit on sale of manse
Accountancy and legal fees
Connexional levy
Total
Net gains on investments
NET INCOME		 Unrestricted
funds
£
231,965
390,676
4,183
49,600
676,424
2,979
51,523
181,295
16,180
42,022
48,834
2,000
(40,151)
3,840
248,230
556,752
-
119,672		 Restricted
funds
£
-
-
10,000
2,094
12,094
-
-
-
-
921
-
-
-
-
-
921
-
11,173		 Endowment
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,534
2,534		 Total
funds
£
231,965
390,676
14,183
51,694
688,518
2,979
51,523
181,295
16,180
42,943
48,834
2,000
(40,151)
3,840
248,230
557,673
2,534
133,379

continued...

Page 14

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
2,212,554
50,523
TOTAL FUNDS CARRIED FORWARD
2,332,226
61,696		 - continued
Endowment
fund
£
56,580
59,114		 Total
funds
£
2,319,657
2,453,036

12. FUNDS

The funds held constitute:

Unrestricted Funds

General Fund

The purpose of this fund is for use at the discretion of the trustees in the furtherance of the general objectives of the Circuit.

Circuit Model Trust Fund

Consists of money held by the Trustees for Methodist Church purposes for use in the circuit. This money is derived from the sale of churches, and is available for grants towards mission and property schemes in the circuit.

Restricted Funds

Circuit Mission fund

The money in this fund is available for mission initiatives in the circuit.

Children and young people fund

This fund was set up as a designated fund and was used to provide support for children and young people.

Graveyard fund

The purpose of this fund is for maintenance of graveyards associated with closed churches.

Madeley fletcher

This was a separate fund set up relating to a possible project in a closed church in Madeley.

Restricted fund

This is a general restricted fund for any restricted money from grants, for training fund, manse and removals etc.

Sabbatical fund

This fund is for money towards ministers' sabbaticals.

Training fund

The purpose of this fund is to provide support for training initiatives.

Endowment Funds

Endowment Trust Funds is from legacies where only the interest is available for use.

Page 15

continued...

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

13. TANGIBLE FIXED ASSETS

COST OR VALUATION
At 1 September 2024 and 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024
Cost or valuation at 31 August 2025 is represented by:
Valuation in 2024
14.
FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 September 2024
Revaluations
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024
There were no investment assets outside the UK.
Cost or valuation at 31 August 2025 is represented by:
Cost		 Manses
£
1,467,015
1,467,015
1,467,015
Manses
£
1,467,015
Unlisted
investments
£
58,837
1,167
60,004
60,004
58,837
Unlisted
investments
£
60,004

Fixed asset investments are held by the Trustees for Methodist Church Purposes, and are held on deposit and in fixed interest securities.

Page 16

continued...

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Other creditors		 2025
£
(1)
5,423
5,422		 2024
£
-
2,940
2,940

16. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Circuit model trust fund
Restricted funds
Circuit mission
Children and Young People Fund
Grave yard fund
Madeley Fletcher
Sabbatical Fund
Training Fund
Restricted Fund
Endowment funds
Endowment funds
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Circuit model trust fund
Restricted funds
Circuit mission
Grave yard fund
Restricted Fund
Endowment funds
Endowment funds
TOTAL FUNDS		 At 1.9.24
£
1,467,105
865,121
2,332,226
17,460
3,415
3,963
12,407
1,324
1,703
21,424
61,696
59,114
2,453,036
e as follows:
Incoming
resources
£
278,868
37,650
316,518
734
406
768
1,908
-
318,426		 Net
movement
in funds
£
(53,436)
(33,296)
(86,732)
734
-
(3,963)
-
-
-
768
(2,461)
1,167
(88,026)
Resources
expended
£
(332,304)
(70,946)
(403,250)
-
(4,369)
-
(4,369)
-
(407,619)		 Transfers
between
funds
£
50,000
(50,000)
-
-
-
-
-
-
-
-
-
-
-
Gains and
losses
£
-
-
-
-
-
-
-
1,167
1,167		 At
31.8.25
£
1,463,669
781,825
2,245,494
18,194
3,415
-
12,407
1,324
1,703
22,192
59,235
60,281
2,365,010
Movement
in funds
£
(53,436)
(33,296)
(86,732)
734
(3,963)
768
(2,461)
1,167
(88,026)
e

continued...

Page 17

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Circuit model trust fund
Restricted funds
Circuit mission
Children and Young People Fund
Grave yard fund
Madeley Fletcher
Sabbatical Fund
Training Fund
Restricted Fund
Endowment funds
Endowment funds
TOTAL FUNDS		 At 1.9.23
£
1,777,233
435,321
2,212,554
16,654
3,415
4,439
12,407
1,324
1,703
10,581
50,523
56,580
2,319,657		 Net
movement
in funds
£
(310,128)
429,800
119,672
806
-
(476)
-
-
-
10,843
11,173
2,534
133,379		 At
31.8.24
£
1,467,105
865,121
2,332,226
17,460
3,415
3,963
12,407
1,324
1,703
21,424
61,696
59,114
2,453,036

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Circuit model trust fund
Restricted funds
Circuit mission
Grave yard fund
Restricted Fund
Endowment funds
Endowment funds
TOTAL FUNDS		 Incoming
resources
£
257,304
419,120
676,424
806
445
10,843
12,094
-
688,518		 Resources
expended
£
(567,432)
10,680
(556,752)
-
(921)
-
(921)
-
(557,673)		 Gains and
Movement
losses
in funds
£
£
-
(310,128)
-
429,800
-
119,672
-
806
-
(476)
-
10,843
-
11,173
2,534
2,534
2,534
133,379

continued...

Page 18

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 AUGUST 2025

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Circuit model trust fund
Restricted funds
Circuit mission
Children and Young People Fund
Grave yard fund
Madeley Fletcher
Sabbatical Fund
Training Fund
Restricted Fund
Endowment funds
Endowment funds
TOTAL FUNDS		 At 1.9.23
£
1,777,233
435,321
2,212,554
16,654
3,415
4,439
12,407
1,324
1,703
10,581
50,523
56,580
2,319,657		 Net
movement
in funds
£
(363,564)
396,504
32,940
1,540
-
(4,439)
-
-
-
11,611
8,712
3,701
45,353		 Transfers
between
funds
£
50,000
(50,000)
-
-
-
-
-
-
-
-
-
-
-		 At
31.8.25
£
1,463,669
781,825
2,245,494
18,194
3,415
-
12,407
1,324
1,703
22,192
59,235
60,281
2,365,010

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
536,172
Circuit model trust fund
456,770
992,942
Restricted funds
Circuit mission
1,540
Grave yard fund
851
Restricted Fund
11,611
14,002
Endowment funds
Endowment funds
-
TOTAL FUNDS
1,006,944		 Resources
expended
£
(899,736)
(60,266)
(960,002)
-
(5,290)
-
(5,290)
-
(965,292)		 Gains and
Movement
losses
in funds
£
£
-
(363,564)
-
396,504
-
32,940
-
1,540
-
(4,439)
-
11,611
-
8,712
3,701
3,701
3,701
45,353

continued...

Page 19

TELFORD METHODIST CIRCUIT

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

17. RELATED PARTY DISCLOSURES

Churches within the Circuit: Admaston Albrighton Bridgnorth Methodist-URC LEP Broseley Dawley Donnington Hadley Horsehay Ketley Leegomery Much Wenlock Oakengates United Methodist-URC LEP St Georges, Rodington Methodist-Anglican LEP Trinity, Newport Methodist-URC LEP Trinity, Shifnal The Rock Wellington

Page 20

TELFORD METHODIST CIRCUIT

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2025
INCOME AND ENDOWMENTS
Other trading activities
Other income
Investment income
Rents received
Deposit account interest
Charitable activities
Assessment on churches
Sale of churches
Total incoming resources
EXPENDITURE
Investment management costs
Property letting costs
Charitable activities
Stipends and allowances
Social security
Pensions
Light and heat
Telephone
Insurance, council tax etc
Repairs and maintenance
Sundries
Travelling
Office expenses
URC mission and ministry
Direct assessment
Grants to churches
Support costs
Finance
Loss on sale of tangible fixed assets
Governance costs
Accountancy and legal fees
Total resources expended
Net (expenditure)/income		 2025
£
12,202
27,600
40,630
68,230
237,994
-
237,994
318,426
3,480
148,946
13,190
21,806
564
3,269
11,700
19,948
19,035
7,716
4,583
25,708
106,084
18,000
400,549
-
3,590
407,619
(89,193)		 2024
£
14,183
19,500
32,194
51,694
231,965
390,676
622,641
688,518
2,979
146,809
10,050
24,436
1,309
2,622
14,541
48,834
12,968
6,567
4,936
16,180
299,753
2,000
591,005
(40,151)
3,840
557,673
130,845

This page does not form part of the statutory financial statements

Page 21