THE METHODIST CHURCH -
LIVERPOOL (SOUTH)
CIRCUIT
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31ST AUGUST 2025
Charity Registration No. 1134958

THE METHODIST CHURCH - LIVERPOOL
SOUTH
CIRCUIT
CONTENTS
Page
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balan￿ Sheet
Notes to the Financial Statements
10

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025
The Trustees are pleased to present their annual report for the year ended 31st August 2025.
The financial statements have been prepared in accordance with the charity's trust deed, the
Charities Act 2011 and 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 published (FRS 102) (effective
1 St January 2019)-
OBJECTIVES AND ACTIVITIES
Circuit Mission Statement: approved by the Circuit Meeting on 4th December 2003 - "To
make disciples for Jesus Christ"
Circuit Mission Policy." (approved 2011)
We uphold the Methodist Connexional Policy of 'Our Calling,, which through worship, learning,
caring, service and evangelism, forms the basis of Christian discipleship.
We recognise the Methodist Connexional Priority to proclaim and affirm God's love for all and
the renewal of confidence in God's presence and action in the wortd.
We affinn Methodism as a discipleship movement shaped for mission. We affimi that the
Methodist Church is committed to being a growing. evangelistic. inclusive. justice-seeking
Church - so that new people become disciples of Jesus Christ, faith deepens for everyone, and
diverse communities and churches experience transformation.
Circuit Mission Priorities". {2025)
We are working together with God in the power of the Spirit to offer Jesus, invitation to people
across our communities to follow him and discover God's way of living life to the full.
Sharing worship and witness
Deepening discipleship
Encouraging the nurturing of children and young people
Helping churches to identify and deliver mission in their neighbourhoods
Use our cash, members, buildings and other resources wisely
Provide a staff team that can lead and enable mission
Provide outreach lo the diSpla￿d in the inner city
Church and Circuit leadership succession planning- developing strategies for seeking
Circuit Meeting members, Circuit Stewards, Worship Leaders, Local Preachers, and
church officers.
Within an obligation to provide a safe space for all. meet all our legal and Connexional
requirements
Circuit Partnerships
We cherish our longstanding relationships with the Church of England and United Reformed
Church in our Local Ecumenical Partnerships. We continue to seek to work with the wider
Christian family and other agencies where we share common values and aims.
Circuit Mission Action Plan (2022 - 2027)
The Circuit and its mission are led by the Circuit Leadership Team, including our
Superintendent, 2 Presbyters and lay workers.
Worship: Supporting and training ministers, local preachers and worship leaders to provide a
variety of forms of worship using technology, where appropriate. to be inclusive for all.

THE METHODIST CHURCH - LIVERPOOL {SOUTH) CIRCUIT
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025
For public worship in local churches, we will provide preachers and leaders of worship
orland online resources to share in worship.
For those unable to attend worship and those preferring online worship, we will
endeavour to provide online and telephone worship, plus written liturgies for those who
cannot access the technology.
We encourage the churches to meet in clusters and as a Circuit (twice a year).
Discipleship: Encourage the formation and development of groups for prayer and Bible study.
We will encourage all levels of leadership to spend time listening io God and conferrtng
together to discern and resource God's mission in each area.
We will use the Circuit Meeting and weekly notices to share good resources and
encourage the growth of small groups.
We are committed to encouraging participation in ecumenical prayer gatherings, Thy
Kingdom Come and Quiet Days. We will circulate prayer requests from Circuit churches
for sharing in public worship and private devotions.
Discipleship of Children and Young People.
We employ a Circuit Children'5 Worker and a Youth Worker, to develop existing groups
in Trinity and Halewood churches, to support and develop work across all Circuit
churches and to build relationships with local schools. They encourage attendance at
3Generate and other local and national events. A regular 'Youth Matters, meeting shares
good practice across the Circuit from the variety of children and youth activities.
We will provide a Children and Youth Worker's Management Group to oversee their
work.
We will review our children and youth work with help from the leaming network.
Provide training as requested by the youth and children's workers.
Mission Opportunities:
In the continuing absence of any Methodist District, HE Chaplaincy provision we will
seek to offer a welcome to students and other young adults in the south Liverpool area in
particular through the Young Adults group based at Elm Hall Drive Church.
Support churches in developing buildings for community use and outreach.
Encourage interdenominational outreach at Farmers, markets, Open Air witness and
shared outreach projects.
Encourage support of those groups working with addictions, mental health,
bereavement, families, luncheon clubs, parenting and other support groups using our
buildings and the Huyton café and Liverpool Zero Food Waste at Elm Hall Drive. Several
chLrrches are offering places of welcomelwami spaces initiatives.
We adopt the 3Generate manifesto to encourage all ages to engage in matters of
climate change, compassion and mercy ministries and social justice projects.
We will explore participation in Eco Church Award scheme.
Resourcing Mission:
The Circuit values the role of the Circuit Administrator in communicating by email and
the weekly nOti￿S information from the Connexion, District and Circuit to the church
members.
The Circuit team has been strengthened by the appointment of a Youth Worker
post being funded from reserves.
The Circuit is over-viewing plans for the use of churches in the immediate, medium, and
long-term future, in particular supporting churches where buildings are no longer
sustainable in their current forms.
this

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025
The Circuit has Safeguarding Officers and two Irainers to help churches provide safe
spaces for all.
The Circuit has brought all manses up to a good standard and will continue to maintain
this standard.
The Circuit will help to support young people and adults attending 3Generate.
The Circuit has progressed work to ensure that all churches fulfil their legal obligations of
finance, buildings, safeguarding. This includes a willingness to help co-ordinate and
finance professional services (finance, property) for the individual Churches within the
Circuit who have inadequate expertise or capacity to manage these roles, assisting with
both compliance and freeing up resources for outward facing mission work.
ACHIEVEMENTS AND PERFORMANCE
Last year a Circuit 'Way Forward Group, was convened to explore the future direction of our
policy to encourage Circuit churches to deepen discipleship, focus on local mission
opportunities and explore new and more effective uses of their skills, finances and premises.
A major initiative arising from the Way Forward Group was the running of a 'Leading Your
Church into Growth, course which continued durrng the year. The churches engaged positively
with it and continue to put the insights gained into practice.
In previous years we have made the decision lo fund the new growth costs incurred from Circuit
reserves, including the maintenance of a team of three full-time ordained staff. Reviewing the
projected reduced availability of presbyters and finance has led to the decision to reduce to two
presbyters from 2027. This however does free up some reserves which can be made available
in grant funding to the churches for support mission and outreach projects.
After several attempts a successful appointment of a Youth Worker was finally made to begin
from September 2025. The initial ￿0 years for the post will be funded from reserves.
We are supporting those local churches that are facing major decisions about the future of
ageing buildings that they can no longer sustain. With support from the Connexional Property
Team we seek to find creative ways forward that will enable worship and mission to continue in
those communities while releasing the capital value of these properties.
Together with the experienced and dedicated Circuit Leadership Team, the Superintendent is
seeking to bring insights from ministry across the Connexion, develop strategic vision and
support for mission initiatives.
The main source of income, the Circuit Assessment, reviewed annually, is an annual
assessment upon each church. Ability to pay is considered in each of the churches.
The Circuit's strategy of bringing the manses to be retained up to date remains ongoing.
Additionally, those that are determined surplus to requirements will be sold or rented promptly.
There is no intention to retain surplus property so any let will be short temi. In Ihis context, 34
Manor Road is let until July 2026.
FINANCIAL REVIEW
Total income in the year was £292,241 (2024.. £405,732) of which £49,366 (2024: £23,845),
related to funding for projects upon which restrictions are pla￿d.
Total expenditure in the year was £288,859 (2024.. £294,756), leaving a surplus for the year of
£3,382 (2024: surplus £110,976) before gains on investrnent assets.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025
At 31st August 2025 the charity's reserves stood at £2,420,348 (2024.. £2,416,926) of which
£1,697,74012024.' £1,950,692) represented restricted funds.
Risk Management
The main risks, to which the charity is exposed, as identified by the Trustees, have been
considered and systems have been established to mitigate those risks.
Reserves Policy
It is the policy of the charity to maintain unrestricted funds, which are free reserves at a level to
cover redundancy provision and six months, running costs should no ftjrther funding be
received.
As at the end of the financial year the unrestricted funds totalled £722,608. The charity requires
£5.730 for redundancy provision and £141,345 for six months, running costs (Total £147,075).
Plans for the future
With declining membership numbers and the fact that staff and District Assessment costs forms
the bulk of our expenditure, the Circuit is seeking to build on insights from the 'Way Forward,
process and the 'Leading Your Church into Growth, Course. We aim to release resources to
encourage worship, learning and discipleship, mission and evangelism. By sowing the seed of
the gospel, we look for new disciples to emerge in and through our corporate witness. We will
explore ways of enabling our churches to work better together, where possible through shared
governance, and we will continue to review the number of staff needed to function effectively.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Methodist Church - Liverpool (South) Circuit is a registered charity,. number 1134958
formed in 16th March 2010 and is governed by The Methodist Church Act 1976 and The Deed
of Union 1932.
The Methodist Church
Liverpool (South) Circuit is a formal group (S.0. 500 of the
Constitutional practi￿ and Discipline of the Methodist Church) of nine mutually supportive
churches across South Liverpool. In accordance with charity law, each constituent Ghurch is
responsible for producing and presenting its own financial accounts each year.
The Trustees of the charity under the terms of the Constitutional Practice and Discipline of the
Melhodist Church are known as Managing Trustees.
The members of the Circuit Meeting are the Managing Trustees of the charity. They include the
Circuit Superintendent, Circuit Ministers including Supernumeraries and appointed Lay workers.
Circuit Stewards are elected to serve for six years. The remaining Trustees include the Circuit
Administrator, Circuil Treasurer, Circuit Meeting Minute Secretary and nominated
representatives from the nine churches of the Circuit.
The Circuit Meeting, held four times a year. has been online during the year. Given the
extended lockdown period and despite the demographic of the meeting, an online platform was
the only realistic way to connect with our members who actually grew into this medium.
In accordance with Connexional guidelines, by email agreement of the churches, the Circuit
Leadership Team was authorised to progress any urgent items of business.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025
The Circuit Le8dership Team which consists of the Circuit Superintendent, Circuit Presb5rters
including Supernumeraries, appointed Lay Workers, Circuit Stewards and Circuit Treasurer
also meet four times a year.
The Circuit Stewards meet regularly throughout the year with the Circuit Superintendent.
REFERENCE AND ADMINISTRATIVE DETAILS
Name
The Methodisl Church - Liverpool (South) Circuit
1134958
Charity Number
Address & Office
Circuit Office
St James Church Hall, Church Road South.
Woolton, Liverpool L25 7RJ
During the year members of the Board of Trustees were as follows:
Shirley Banks
Pamela Bellis
Pamela Boffey
Christine M Bolton
Katherine Cook
Helen K Davies
Gillian Dover
Andrew Gillespie
Rev David Goodwin
Charles R Hardisty
Kate Harrison
Mark Harrison
Margaret P Harvey
Derek Ho
Elizabeth A Hudson
Rev Peter Hughes
Edward V Jones
Kim J Kershaw
Rev John Waring Lansley
Elizabeth Lloyd
Philip A Lodge
Graham Martin
Rev Dr Clement Matarirano
Janine McGuire
Jayne McLaren
Carolyn Munro
Ekpo B Orok
Ada D Peers
Arthur E Pye
Edna M Pye
Rev Jennifer C Rayner
Richard C G Rees
Alfred Salami
Susan M Steel
Judith M Sutcliffe
Eleanor A Thomas
Linda M White
Trustees
(Resigned 31 Sl August 2024)
IR&signed 14, Jan 2025)
(Appointed 1" September 2024)
(Resigned 31 St August 2025)
{Appoinled 1s[ September 20251
{Resigned 31" August 2024)
(Appointed 9th February 2025)
{Appointed 9° February 2025)
(Resigned 31" August 20241

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31ST AUGUST 2025
Independent Examiner Ying Huang, ACCA
o LCVS,
151 Dale Street,
Liverpool,
L2 2AH
Bankers
The Co-operative Bank PIC
PO Box 250,
Skelmersdale,
WN86
Signed on behalf of the Trustees.
Rev David Goodwin - Trustee
Date.. Iql
02

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
I report on the accounts of the charity for the year ended 31st
August 2025 which are set out on pages 8 to 19.
Res
ective
res
onsibilities of
trustees and examiner
The charity's Trustees are responsible for the preparation of the
accounts. The charity's Trustees consider that an audit is not
required for this year under section 144 of the Charities Act 2011
(the Charities Act) and that an independent examination is
needed.
It is my responsibility to=
examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Direclions
given by the Charity Commission (under section 145{51(b) of
the Charities Act, and
to state whether particular matters have come to my attention.
Basis of inde
endent
examiners statement
My examination was carried out in accordan￿ with general
directions given by the Charity Commission.
An examination
includes a review of the accounting records kept by the charity and
a compartson of the accounts presented with those records.
also includes consideration of any unusual items or disclosures in
the accounts, and seeking explanations from the Trustees
concerning any such matters. The procedures undertaken do not
provide all the evidence that would be required in an audit, and
consequently no opinion is given as to whether the accounts
present a 'true and fair, view and the report is limited to those
matters set out in the statement below.
In connection with my examination, no matter has come to my
attenlion-.
Inde
endent examiner's
statement
(1) which gives me reasonable cause to believe that in any
material respect the requirements..
to keep accounting records in accordance with section
130 of the Charities Act-
to prepare accounts which accord with the accounting
records and comply with the accounting requirements of
the Charities Act
have not been met,. or
(2) to which, in my opinion, attention should be drawn in order to
enable a proper understanding of the accounts to be reached.
Name:
Ying Huang
Relevant professional qualification or body= ACCA
Address.. Glo LCVS
51 Dale Street, L2 2AH
Dated:

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2025
Notes Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
Income and endowments
from:
Donations
Charitable activities
Investments
Other income
2a
2b
2c
2d
4,464
196,137
29,109
13,165
12,755
17,219
196,137
42,485
36,400
203.933
53,879
147,920
13,376
23,235
Total income
242,875
49,366
292,241
405,732
Expenditure on:
Charitable activities
282,690
6,169
288,859
294,756
Total expenditure
282,690
6,169
288,859
294,756
Net incomel(expenditure)
(39,815)
43,197
3,382
110,976
Transfer between funds
Gain on investment assets
(Loss) on investment assets
11,12
296,189
(296,189)
3,050
{3,010)
3,050
(3,010)
3,369
(1,800)
Net movement in funds
256,374
{252,952)
3,422
112,545
Total funds brought foward
10-12
466.234
1,950,692 2,416,928 2,304.381
Total fund carried forward
10-12
722,608
1,697,740 2,420,348 2,416,926
The notes on pages 10 to 19 form part of these accounts.
All the above amounts relate to continuing activities of the charity.

THE METHODIST CHURCH- LIVERPOOL (SOUTH) CIRCUIT
BALANCE SHEET AS AT 31ST AUGUST 2025
Notes
Fixed assets
Tangible fixed assets
Investments
31st August 2025
31st August 2024
1,468,651
229,402
1,468,729
482,354
Current assets
Debtors
Debtors.. amounts falling due
after more than one year
Cash at bank and in hand
1.698,053
1,951,083
30,053
2,500
14,523
665
715,449
494,874
Current liabilities
Creditors- amounts falling
due within one year
748,002
510,062
(25,707)
(44,219)
Net current assets
722,295
465,843
Total assets less current
liabilities
2,420,348
2,416,926
Funds:
Unrestricted funds
Restricted funds
10.11
10,12
722,608
1,697,740
466,234
1,950,692
2,420.348
2,416,926
Rev David Goodwin, Trustee
Graham Martin, Trustee

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
1. Accounting Policies
Basis of accounting
The financial statements have been prepared in accordance with the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS102) {SORP 2019) and the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland {FRS102) (effective 1 $1 January 2019) and Charities
Act2011.
The financial statements are prepared in sterling, which is the functional currency of the
charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention with items
recognised at cost or transaction value unless otherwise stated in the relevant note(sl to
these accounts.
The Charity has taken advantage of the provisions in the SORP for Charities applying FRS
102 Update Bulletin 1 not to prepare a Statemenl of Cash Flows.
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the
charity has adequate reserves to continue in operational existence for the toreseeable future.
The Trustees are confident that the levels of liquidity and free reserves will not affect the
charity's operations. Thus, the Trustees continue to adopt the going concern basis of
accounting in preparing the accounts.
Fund accounting
Unrestricted funds are the charity's free reserves available for the Trustees to apply in
accordance with the charitable objectives.
Restricted funds are subject to specific restrictive conditions imposed by the donor.
Income recognition
All income is recognised once the charity has entitletnent to the income, there is sufficient
certainty of receipt and so it is probable that the income will be received, and the amount of
income receivable can be measured reliably.
Donations and legacies comprise of donations which are recognised in the accounts when
received, with the exception of known legacies which are accounted for when their receipt is
certain.
Income from charitable activities is recognised on an accrual's basis except for grants
receivable, which are recognised on the date on which their unconditional payment is
confirmed by the donor.
Income from investment relates to bank interest and income from investments received and
is recognised when the amount is certain.
Other income relates to rental, branch income, and loan interest. levy investment refunded
received is recognised when the amount is certain.
io-

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
Fixed assets
Fixed assets {Freehold Propety) are stated at valuation and reviewed by the Trustees on an
annual basis and a professional valuation of all manses every five years.
Depreciation is provided to write off the cost of the asset over its expected useful life on the
following basis.
Fixtures and Fittings
Investments
Investments are included at market value. Realised and unrealised gains and losses are
reported in the Statement of Financial Activities.
Expenditure recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that settlement will be required, and the amount of
the obligation can be measured reliably.
All expenditure is accounted for on an accrual basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings in
the Statement of Financial Activities. Support and governanTr costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Expenditure on charitable activities relates to the operation of the charity comprising of direct
charitable expenditure to meet the objectives of the charity. Support and governance costs
relate to the management and operation of the organisation and also compliance with
constitutional and statutory requirements in producing the annual report. These are dealt
with in the Statement of Financial Activities when payment has been approved by the charity.
Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call wilh banks, other
short-term liquid investments with original maturities of three months or less, and bank
overdrafts.
200/0 per annum reducing balance basis.
Financial instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments,
and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial
instruments.
Financial instruments are recognised in the charity's balance sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabililies are offset, with the net amounts presented in the financial
statements, when there is a legally enforceable right to set off the recognised amounts and
there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially
measured at transaction price including transaction costs and are subsequently carried at
amortised cost using the effective interest method unless the arrangement constitutes a
financing transaction, where the transaction is measured at the present value of the future
receipts discounted at a market rate of interest. Financial assets classified as receivable
within one year are not amortised.

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
Basic financial liabilities
Basic financial liabilities, including creditors 2nd bank loans are initially recognised at
transaction price unless the arrangement constitutes a financing transaction, where the debt
inslrument is measured at the present value of the future receipts discounted at a market rate
of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate
method.
Derecognition of financial liabilitles
Financial liabilities are derecognised when the charity's contractual obligations expire or are
discharged or cancelled.
Critical accountlng estimates and judgements
In the application of the charity's accounting policies, the Truslees are required to make
jLtdgements, estimates and assumptions about the carrying amount of assets and liabilities
that are not readily apparent from other sources. The estimates and associated assumptions
are based on historical experience and other factors that are considered to be relevant.
Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised where the
revision affects only thal period, or in the period of the revision and future periods where the
revision affects buth current and future periods.
All expenditure is accounted for on an accrual basis. All expenses, including support costs
and governance costs, are allocated or apportioned to the applicable expenditure headings in
the Statement of Financial Activities. Support and governance costs are applied to
unrestricted funds unless specifically included in the restrictions, as specified by the donor.
Cost of charitable activities relate to the operation of the charity comprising of direct
charitable expenditure to meet the objectives of the charity. Support and governance costs
relate to the managernent and operalion of the organisation and also compliance with
constitutional and statutory requirements in producing the annual report. These are dealt
with in the Statement of Financial Activities when payment has been approved by the charity.
Taxation
Income and gains are exempt from taxation as they are received and applied for charitable
purposes only. The charity benefits from various exemplions from taxation afforded by tax
legislation and is noi liable to corporation tax on income or gains falling within those
exemptions. The charity is not able to recover Value Added Tax. Expenditure is recorded in
the accounts inclusive of VAT.
2. Income and endowments from:
Unrestricted Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
a. Donations and Legacies".
Donation
4,464
12.755
17,219
12

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
Unrestricled Restricted
Funds
Funds
2025
2025
Total
Funds
2025
Total
Funds
2024
b. Charitable actjvities:
Activities
Assessments
Circuit service income
250
202,740
943
194.789
1,348
194,789
1,348
196,137
196,137 203,933
Income from charitable activities for year end 2024 comprised of £203,933 unrestricted funds
and £nil related to restricted funds.
c. Investments".
Bank Interest
Income from UK listed
investments
29,109
29,109
13,376
29,419
24.460
13.376
29,109
13,376
42,485
53,879
Income from investments for year end 2024 comprised of £30,034 unrestricted funds and
£23,845 related to restricted funds.
d. Other Income:
Investment levy income
Loan interest
Pension interest income
Rental income
23,235
23,235
915
130,171
306
5,479
11,964
915
12,250
12,250
13,165
23,235
36,400
147,920
Other income for year end 2024 related wholly to unrestricted funds.
3. Expenditure on charitable activities
Direct
Support &
Charitable Governance
Expenditure
Costs
Total
2025
Total
2024
Upholding the Methodist
Connexional Policy of 'Our Calling.,
which through worship, learning.
caring, service, and evangelism,
foms the basis of Christian
discipleship.
270,014
18,845 288,859
294,756
13

THE METHODIST CHURCH - LIVERPOOL {SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
Analysed as follows..
Direct charit8ble expendilure..
Staff salary costs
Pension
Ministerial staff costs
Ministerial expenses
Lay worker expenses
Grants
District assessment
Manse expenses
Minister121 Pension fund refunded
United Reform Church fees
Gifts and donations
2025
2024
39,491
2,180
126,081
5,744
1,005
17,226
55,348
17,533
37,828
2,121
122,277
7,659
832
45,557
56,880
25,045
{64,000)
4.544
943
4,780
626
270,014
239,686
2025
Support & governance costs..
Investment charges
Circuit office
Investment circuit payment
Circuil service
Quinquennials
Apprentice levy
Sundry
Rent
Professional fees
3Generate
Insurance
Subscriptions and memberships
Payroll fee
Accountancy
Depreciation
2024
1,685
1.697
4,485
1,430
22,585
1,271
1,228
5,274
696
703
12,320
1.350
4,496
2,615
571
480
1,230
251
692
1,339
1,320
960
2,986
321
480
1,372
78
18,845
55,070
Total expenditure on charitable
activities
288,859
294,756
£6,16912024= £24,385) of the above expenditure relates to restricted funding.
14-

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
b. Staff Costs
2025
2024
Gross wages and salaries
Social security costs
Pension
36,335
3,156
2,180
35,344
2,484
2,121
41,671
39,949
¢. Particulars of employees:
Average number of employees during the year, calculated on the basis of full-lime
equivalents, was as follows..
2025
Charitable activities
2024
One Trustee is employed by the charity and included in the figure above., the Trustees are
not remunerated for their services as a Trustee.
4. Tangible fixed assets
Freehold
Property
Fixtures
and Fittings
Total
Cost or revaluation
Balance as at 1st September 2024
Additions
Revaluation
1,468,338
1,364
1.469.702
Balance at 31st August 2025
1,468,338
1,364
1,469,702
Accumulated deprociation
Balance at 1 sl September 2024
Charge for the year
973
78
973
78
Balance at 31st August 2025
1,051
1,051
Net Book Value at 31st August 2025
1,468,338
313
1,468,651
Net Book Value at 31st August 2024
1,468,338
391
1,468,729
The properties were valued on the 11th of August 2023 by Sutton Kersh, a Chartered
Surveyor. This is to be reviewed every 5 years. The Trustees considered there is no
material change required to the valuation on the 31st August 2025.
15

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
5. Fixed Asset investments
2025
2024
Market value on 1st September 2024
Capital introduced
Investment income
Charges
Withdrawals
Net realised {gain) on investment
assets
Net realised (loss) on investment
assets
482,354
35,990
13.376
{6,169)
(296,189)
3,050
479,525
24,460
(22,585)
(615)
3,369
(3,010)
(1,800)
Market value at 31st August 2025
229,402
482,354
The investment assets are held by The Trustees for Methodist Church Purposes.
6. Debtors: amounts falling due within one year
2025
2024
Prepayments
Other Debtors
12,742
17,311
12,082
2,441
30,053
14,523
7. Debtors. amounts falling due after more than one year
2025
2024
Other Debtors
2,500
665
Other Debtors comprise a loan to St James and at the year-end 31st August 2025 the
outstanding balance is £1,311 (2024= £3,106) bearing interest at 1.5% + base rate per
annum. The base rate per annum as at 315t August 2025 was 6.50 %.
Other Debtors comprise a loan to Halewood and at the year~end 31st August 2025 the
outstanding balance is £18,500 bearing interest at 1.5 % + base rate per annum.
8. Creditors: amounts falling due within one year
2025
2024
Accruals
Deferred income (note 9)
1,382
24,325
1,230
42,989
25,707
44,219
16-

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
9. Deferred Income
2025
2024
Balance at 1st September 2024
Amount deferred in the year
Amount released to incoming
resources
42,989
3,057
46,125
989
(21,721)
(4.1251
Balance at 31st August 2025
24,325
42.989
Deferred income represents assessment fees which relate to future accounting years.
10.Analysis of Net Assets between Funds
2025
Tangible Fixed Investments Net Current
Assets
Assets
Total
Unrestricted Funds
General Fund
313
722,295
722,608
Restricted Funds
Tangible Fixed Assets
Fixed Asset Investment
1,468,338
1,468,338
229,402
229,402
1,468,338
229,402
1,697,740
Totals
1,468,651
229,402
722,295
2,420.348
2024
Tangible Fixed Investments Net Current
Assets
Assets
Total
Unrestricted Funds
General Fund
391
465,843
466,234
Restricted Funds
Tangible Fixed Assets
Fixed Asset Investment
1,468,338
1.468,338
482,354
482,354
1,468,338
482,354
1,950,692
Totals
1,468,729
482,354
465,843 2,416,926
17

THE METHODIST CHURCH - LIVERPOOL (SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
11. Unrestricted Funds
Reserves
Beginning
of year
Movements In the year
Realised Transfers
Gain
2025
Income Expenditure
Resenies
at End of
year
General
Fund
466,234 242.875
{282,690)
296,189
722,608
Reserves
Beginning
of year
Movements in the year
Income Expenditure Revaluation Transfers
2024
Reserves
at End of
year
General
Fund
689,856 381,887
(270,371)
(1,800) (333,338)
466,234
General Fund - is used to finance the charity's general activities and core costs as outlined
in the Trustees, Report.
Revaluation representing the changes in valuation of investments held by the charity
Transfer between Funds represents Ihe movement in investment for the withdrawal for
new manse.
12. Restricted Funds
Nlovements in the year
Income Expenditure
Realised Transfers
Gain
Reserves
Beginning
of year
2025
Reserves
at End of
year
Tangible
Fixed Assets
Fixed Asset
investment
1,468,338
1,468,338
482,354
49,366
(6,169)
40 (296,189)
226,402
1,950,692
49,336
(6,169)
40 (296,189) 1,694.740
18

THE METHODIST CHURCH - LIVERPOOL {SOUTH) CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025
Movements in the year
Income Expenditure Revaluation Transfers
Reserves
Beginning
of year
2024
Reserves
al End of
year
Tangible
Fixed Assets
Fixed Asset
investment
1,135,000
333,338 1,468,338
479,525
27.214
(24,385)
482,354
1,614,525
27.214
{24,385)
333,338 1,950,692
These are monies given to the Charity to be spent at the discretion of the Board of Trustees
for specific charitable purposes as follows..
Tangible Fixed Assets representing Tangible fixed assets held by the charity and
restricted by Methodist rules.
Revaluation representing the changes in valuation of fixed assets and investments held
by the charity restricted by Methodist rules.
Transfer between Funds - represents the disposal of assets and the withdrawals from
investments
Trinty Church Grant - Contribution towards the employment costs of a new lay worker.
13.Guarantees and Other Financial Commitments
There are no financial commitments under nOn-Can￿lIable operating leases (2024= £Nil).
14. Related Parties
The following amounts were paid to Trustees as the gross salary and employers, pension
and national insurance, who are also Lay workers and ministers.
2025
2024
Name
David Goodwin
Rev Peter Hughes
Clement Matarirano
44,319
40,777
40,984
43,202
39,879
40,079
19