Chorley & Leyland Methodist Circuit TRUSTEES'ANNUAL REPORT & ACCOUNTS For the year ending 31 August 2025 Registered Charity Number 1135868 Circuit Number: 01108
Chorley & Leyland Methodist Clrcuit Trustees Report & Accounts forthe Year Ending 31" August 2025 Contents Reference and Administr*ive Details Trustees'Annual Report Independent Examiners Report Statement of Financial Activities B81ance Sheet Statement of C8sh Flows Notes to the Financial Statements Pages 10-11 12 13 14 15-32 21Page
Chori8y & Leyiand Methodist CITcuii Trustees Report & Accounts forthe Year Ending 31" August 2025 Refer8nce and Admlnistrative Details Registered CharityName: Charity Registration Number: Methodist Circuit Number: Principle Off ice: Chorley an(J Leyiand Methodist Circuit 1155868 01108 clo Hiltside Methodist Church, BrinscalL Chorley. PR26 6QU See Page 4 Sintons. The Cube. Barrack Road. Newcastle upon Tyne. NE4 6DB Central Finance Board of the Methodist Church. Methodist Church House. 25 Tavistock Place, London. WC1H 9SF Circuit Meeting Member (Trustees) Solicitors: Investment Bankers: Trustees for Methodist Church [pOse9, Central Buildings. Oldham Street. Manchester. M11JQ Cooperative Bank PLC. PO Box 150, Skelmersdale. WN8 6GG Peter E Gilkes & Co. 44 Market Street. Chorley. PR7 2SE Bankers: Property Advisors: Lee Hough 8 Eaton Avenu Chorley PR7 7NA Mrs J Adams. 2 Stable Mews. Millwood Close, Withnell Fold. Chorley. PR6 8AR Independent Examiner- 31Page
Chorley & Leyland Methodlst Circuit Trustees Report & Accounts forthe Year Ending 31" August 2025 Trustees Mlnisters Rev'd G McBride Ichairl" Rev'd K Hilsden, Rev'd H Millward Dcn E MonkWinst8nley Rev M Wiffen (Associate) Co Superintendents Minlsters In Other Appointments None Circult Stewards MTS B Frankish Mr D Kels811 Mr T Melling (Resigned 16109125} Mr R Scott (freasurer) Ms L Taylor Mrs YTaylor Mrs C Wroe Circuit Secretary Mrss Hamiliton Local Preacherg, Worshlp Leaders. Supernumery Ministers and Church Representatives Mrs M Bibby Mr A Blackledge Mr K Brown Mrs C Eccles MrA Edge Mr J Fishwick Mrs P Gerrard Mr S Hardacre Mrs L Heston Mrs J Horton Mrs C Hothersall Mrc Howard Mrsc Hu15e Mrs N Klunder Mrs Y Lancaster Mr D Marston Rev A Mashiter Mrs A Melling Mr C Naylor Mr5 L Nayk)r Dcn S Nicholls (Resigned 21 May 251 Mr F Robinson Mr KAshton Mrs R Brown Mr D Frost MrG Horton Mr D Hulse Mr5 R Malarkey Mrs S Mercer Mr B Noon Mrs K Owen Mrs C Rhodes (appointed 18 May 251 Mr M Saunders Mrw Stafford resigned 10 June 251 Mrs P Ward Mr F Ryding Mr L Shields Mrs S Ryding Mrs C siafford Iresigned 19 Jun 251 Mr J Whittle Mrs C Shapley Rev R Stubbin8S Mrs C Tetlow 41Page
Choriey & Leyiand Methodist Clrcult Trustees Report & A¢counts for the Year Ending 31"August 2025 Trustees Annual Report lor the Year Ended 31* August 2025 The Trustees are pleased to presenttheir annual report together with the financial statements of the charity for the year ending 31" August 2025. The financial statements comply with the Charbties Act 2011, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in 8ccord8nce with the Financial Reportingstandard applicable inthe UKand Republic of Ireland IFRS 1021 (effective 1 January 20191. Objectives and Activities Worship Publlc Worship. open to all without charge. remained one of the main activities where people engage with the church. All churches hel(1 regularsundaymomingworship (some occasionally holding0 services on some Sundays and a couple held regular eveningservicel. Wtth just a few exceptions, these are organised and led by preacheis (often ministers} deployed bythe circuit but aided by others such as stewards and musicians. Several un5ted 5ervtces were organised by the circuit across the churches. Local Churches organise their own special SeiceS and othef events aiound the majorfestivals. especially Chrlstmas and Eastèr and commemorations such as Remembranco Sunday. These are often occasions vthen people v4ith limited connection with the Chuich were made especially welcome. Several of our churches have continued to offer messychurch as an alternative form ofworship. As part of the work with Sanctuary seekers a Bible Study in Farsi continues to be held. Stafflng Duiing the year the circuit continued to resource. support and deploy paid staff (four ordained Ministers), together with the newly appointed (from 1" September20241 full time Circuit Governance. Compliance, Communicakn"on. and Propeity officer. Michael Brennan, and many lay volunteers in work across the circuit and in the communty. Rev'ds Gill McBride. Helen Millward and Karen Hilsden continue asco Superintendents. sharing out the responsibilities based on theirgifts and g18ces. Kai Bland in the role of Layworkersupportingboth Midge Halland LeyL8nd Churches throughout the year continuing the outreach work being done in that area. especiallywith the Sanctuary seekers. Kai's contract ended on 5 January 2026, and thank Kai for all her work as she moves on to take up a newopportunity. SIPage
Choriey & Leyiand Methodist Circuit Trustees Report & Accounts tor the Year Endlng 31" August 2025 Achievements and Performance Ministry of all God's People and Spiritual Growth Deacon Ellen Monk Winstanley has continued to develop Spiritual Growth ministry across the Circuit. Experiences have been offered for people across the Circuit to explore their faith and spiritual growth through exploringthe an Advent Bible Study across the Circuit linked through all the churches in Sunt1ayWorship, a Pilgrimage Retreat with JILI Baker, 8 Lent Bible Study again across the Circuit- including looking at"The ROOMWhe it Happens. a Lent studyon the musical Hamilton. DreamWhispering- lookingat ourgoals and dreams in life. and a Theology Bookclub based on David Wiikinson's book"When I Praywhat Does God DO? We also ran Disciple Fast Track Bible Study over 9 months looking in depth atthe 8ible. The conversation and open questions aboLrt faith in these experiences has enabled people across the Circuit to grow in their taith and discipleship. Going forward we a looking at a Worship Leaders Course, a Retreat Day with David Hardman on"Faith and Politics" and a Pitgrimage around our ar8a discovering howwe can let the outsi(Je world come into our faith. We are also looking at a storytelling experience based on Deacon Ellen's Sabbatical Later in the new year. Schools We have4 Methodist or Church of Engtsndlmethodist Schools in ourcircuit. servingover 1,200 children and theirtamilies. We also have connections to many communityschools where we have been invited in to share Harvest. Baptism, Communion and to welcomethese schools into ourchurchesto share lessons around the church building. We offer regular RE support, worship. supportto stsff and families and in churChVr5hip aswe support schools astheyface the challenges of educating in today's world. We have continued our ministry of Open the Book in sevefal schools, both faith schools and community schools. We have offered a Go(Jly Play Day across two ot ourschools and are planning a Godly Play afterschool club in the coming year. We offer ongoing supportto seniorleadershipand staff through Ofsted and SIAMS (Statutory Inspection of Anglican & Methodist Schools) inspections. There have been several of thesethis year! Regular class worship and whole schoolworship has been offed in church allowing children and their parents to experience wrShIp together. We have also offered hospitality Opportunities to the schoolaround these worships in church. We offer regular Messy Churcheswhich meet both atschooland atchurch. Ecumenlcal We continue toworkecumenicallyvtherewe c8n. and our Methodlstchurchestake an active role in the work of Churches together in Leyland, ELton, and Chortey. Outreach Outreach-As with many in the localcommunity. several otourchurches continueto respond in a variety ofways in offeringwarm spaces. Localchurches are openingtheirdoors on a regular basis to create community spaces where people are welcome. fed. and gtven spaceto socialise. responding to the needs of isolation and loneliness. In addition. some of our churches are continuing to work with many Sanctuary Seekers, offering support and ongoing supplyingof practical needs. aswell as advocacywork. Oneof ourchurches has also started 8 worship seNicefoYthosewho are Neuro-Diverse which is becoming a place of help and Support. Our churches are constantly lookingforopportunities to move beyond the walls ofthe church to engage in wtth the community in new ways. 61Page
Chorley & Leyiand Methodist Clrcult Trustees Report & Accounts forthe Year Ending 31" August 2025 Achlevements and Performance cont. Governance The Circuit sought to be fully compliant with all aspects of Chartty Commission requirements. especially in relation to the Safeguarding of Children. Young People and Vulnerable Adults. The Circuit's Safeguar(Jing Policy was renewed at the start of the year, and all necessarytraining was undertaken bythose post holders thatthe Methodistchurch deems necessary. The Circuit coordinates aspects of the work of Safegu8rdingwithin the local churches. The Circuit works closelywith the District S8feguaFding Officer. the Connexional Methodist Church and Due Diligence Checking(DDCI for DBSchecks. The Circuit acknowle(Jges the importance of the General Data Protection Regulations IGDPRI and continues the task of ensuring all its practices and those of the local churches are compliant with regulations. Trustees for Methodist Church Purposes trMCPI is the controller and responsible for general data protection issues arising in respect ot day to day matters. Property The Circuit. through the Circuit Meeting. acts as Mdnaging Trustees for circuit property. which is primarilythe manses provided as homes and working environments for the ministerial staff. In addition, because of the academisation of Leyland Infant & Junior schools with effect from 1 st April 2024 the Ciicuit assumed responsibitity as Managing Trustees for both these properties. In December 2024 a further e1ve-Month iicence to occupy the Arleywood Drive manse was entered into with the existingtenants. The Trustees continue to reviewthis to ensure best use of Charityfunds. Theformer chapels in Withnell Fold and HeskInWe sold in December2024 and Apri12025 respectively. Please see Note 5 in the Financial Statements for more details. Financlal Review Income forthe General Fund for the year ended 31 stAugust 2025 was £338,80812024: £321,346) and expenditure £358,89812024: £334,423). resulting in a deficit before investment gains & losses of £25.091.12024- (£13.077)). The Circuit ModelTrust Fund l°CMTF"I shows an increase of£291.657.12024: £191.3201 largely dueto the net sale proceedsoftheformer chapelsatwithnell Fold and Heskin. Details of income and expenditure on Designated and RestrictedlEndowment Fun(Js can be found in Notes 23c &24. Reserves/Reserves Pollcy As at 31 August 2025 the total funds of the Circuit were £2,073.977. of which General Funds were £1.255,04712024: £1640,2501. Within General Funds. £1,127.686 was held in properties, 12024: £1.533.5021, leavingfree reserves of £127.36012024: £106.6481. Based on annual budgeted operating expenditure for 2025-26 of £354.800. the Circuit currently holds unrestricted reserve8 equal to 4.3 months of expenditure. The Resetves Policy is to hold a minimum sum equivalent to 6 months. average expenditure. However a5 has been the case for several years now an element of on-going operating costs have been funded from the CMTF Interest Fund las permitted in CPDI. Assuming this practice is continued this would increase the reserves cover in the General Fund to 5.1 weeks. 71Page
Chorlay & Leyiand Methodist Circuit Trustees Report & Accounts for the Year Ending 31"August 2025 Going Concern Following a review of the financial posttion at the date of signing these accounts and projections forthefollowing 12 monthstheTrustees considerthatthe cnarity is a goingconcern. Structure, governance and management Governing document The governing documentforthe circuit isthe Deed of Union11932}and Methodistchurch Act 119761. Detsiled governance arrangements are outlined within the Constitution81 Practice and Discipline of the Methodist Church by order of the Annual Conference ICPDI. Governance TheTrustees meetthreetimes ayear. Dayto daymanagementofthecircuit is undertaken bythe Circuit Leadership team, comprised of the Ministers and Circuit Stewards listed on Page 4 above. Appolntment of Trustees Trustees are appointed in accordance v*th the provisions ot CPD Trustee Indu¢tlon and Tralnlng A range of guidance produced by Methodist Connexion to support the effective running of the circuit, specifically the leaflet'The Role of a Trustee in The Methodist Church, is given to all new Circuit meeting members as induction to their role as trustees. Related Partles In addf(ion to the trustees who served during the year, the Trustees consider the following organisations to be related parties for the purposes of (Jisclosure of related party transactions: With effecttrom 1" September2024the Circutt is part ofthe Northwest Engnd District} and is also accountable to the Methodist Conference. The following Methodist Churches are linked to the circuit: Adlington United Reformedlmethodist Church Eccleston MethodistChuTch Leyland Methodist Church Spen(Jmore Lane Methodist Church Chorley Methodist Church Euxton Methodist Church Hillside Methodisi Church Midge Hall Methodist Church Whittle-le-Woo¢Js Methodist Church Fundraising standards The Charity does not carry out 8ny significant fundraising activities Referenc8 and Administrative Detalis Reference and administrative details are shown on Page 1 ofthis document. Trustees The Trustees who served the Charity during the period ofthe report are 89 shown on Page 4 of this report 81Page
Chorley & Leyiand Methodist Circuit Trustees Report & Aceounts forthe Year Ending 31" August 2025 Trustees. Responslblllties The trustees are responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable lawand United Kingdom Accountingstandards (United Kingdom GenerallyAccepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company and the group and of the incoming resources and application of resources. includingthe income and expenditure, of the chafltaf)le group for that period. In preparing these financial statements. the trustees are requiied to: select suitable accounting policies and then applythem consistently- observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent: state whether applicable UK accounting standards have been followed. subject to any material departure disclosed an(J explained in the financial statements- and prepare th8 financial statements on the going concern basis unless it is in8ppropriate to assume th* the charitable company will continue in business. The trustees are responsible tor keeping proper accounting records that disclose with reasonable accuracy at any time the financial posttion of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Insofar as the current trustees are aware, there is no relevant audit information of which the charitable company's auL1itors is un8ware' and the trustees have taken all steps they oughtto have taken to makethemselves aware ot any relevant audit information and to establish that the auditor is aware of that infomiation. Approved by the Trustees on 11- March 2026 and $igne¢l on It8 behalt by: GTrQo Rev'd G M¢Brlde- Chair Tru8tee 91Page
Choriey & Leyiand Methodlst Cl11 Trustees Report &Accounts for the Yoar Endlng31 August 2025 Chorley & Leyland Methodlst CITculL.......................-- No...01108 Declarations and Scnrtiny I conflrm that these accTuais-based account$ forthe year to 31 August2024 have been prepared from the r8cord8 01 the Circuit and that Ihey Include attlunds underthe contn)l ol the Circust Meeting Signature of tfeasurer.. ... Name and Bddress of treasurer. Ryan Francls Scott 122 Brownedge Road. Lostock HaiL Preston. PR55AE Presentatlon to the Cl1¢ M••tlng I confirm that the annual report and accounts forthe yearended 31 August 2025 were presented to the Circuit Meetin8 on 11" March 2026................-..-.-.-.. Slgnature ofthe Chair of the meetint. RevG McBiide..... . Date: 11" March 2026........................ 10IPage
Choriay & Leyiand Mothodl•t Clrcuh Tn4Stees Report &Accounts forthe Year Endlng31• August 2025 Statement of Nnanthl A¢llvltles ISOFA) for the year ended 31 Awist 2025- £$ Totsl 375 375 213 23.333 22,616 C•wi Rttdpts Gwants rd Other charltsble g¢llthles Oth¥bKomè $27 5nffin Grantsand donatlo lartes •nd assoda1(0Sts Pmperty 2,767 229.107 29217 IOYZ7 3.607 220W3 229.107 Z9.227 87.175 Olficee¥penses IrJ3 L45S 10276 2L473 Galnlllossl Galnll105sI [The$t prDperts& m• CwmttY¢orGTrntsfromCMfF 1976) P76) (2409 416 1404J40) 14048401 164M) 1187A211 Nat trK•MlE%pqndl1WQj Tiansletsbeiween funds I.045 IU3.0451 1.64Q250 I250> U7&J20 L737J52 Grart$141Jdefrom Fun¢ts blf Grant Irstriwt Pfrfftjfjkn R¢le•Md Total FwMlsfAsrfodFoLw•Td . inJ20 121Page
ChoFt8y& Loyland Ptsthodl#Clriwlt Trusts85 Roport & A¢¢ounts forthe Yoor Endlng" Aygu•t2025 The Circult'¥tru3te8s ire respMsil)tè foren8uringthatthe annu8treportd enroTthey89rto 31 August 2024 prvsant atrue and falrvlew ottheclrcuivs IoMe and eXPWKIAufortheYearand of Its 8ssets and Ibalmllties atthe balance 8heet The trustew ¢onsiderth•t•n audlt ts not n•cessgrylor thlsytar under secllon 144 olth• Ch8rfI88Pth2011 andthat8n Indepgnd•nt &tamlnatlon 15 ne8ded. It18 my resp&blty1o". n¢the aowints under 14S ofthe Chafft1•9 Act2071 folLowthe procedures ilid dtr4vn In thegenernld1ra?ntsO¥ fp/thè Charfty Commlsslon under sectlon 145ISllbl of the Charltles th2011 stewIer pwtlclthr mfttteTS have comoto myattentlon. N8mtof CirculL' (orlty& L85I8iKI........-......-....-.-...-.--.-._--...--.--. No: 0110B Batyls otlnd•pond•ni Examin•r R•port My 8xamln•tlonwa$ carrled OLbt In OCCOFdancelthtbe8wmldlrectlons lryth&Ch8rlty Commigsion. An examination in¢lud•8 a mitwofth• COunting kept byth8 chaittyand a ¢omparlson of the accourtg With those record& Italso includes conskleratlon of anYunU?1 items. In nature or Scale. or clisclosur•s4n the account& seeklngexty8nior4from thetru¥tee¥ concgmlng $LFch matters. The procedu$ undertaken do not pThwJe•Uth• ld8th81 ouid b? reouired in an audlt 8nd. consequently. no opinion 18 as tOTwhethertho accountsprnsenta true and l•trvleK Myrnport 18 Ilmit•d tothose matters 88t out In th¢ 8totynent bo1Th Independent Ex8nknw siaieff In cannectlon ryth mythmlnadon. no mtsha8 com•trJ myattth)tlon (ottmrthan a8dl¥ciOgedbeioj twhlch mo re8#ongtA•cou8eto I)tha1 rWth• rffjulremonts to k•epaccounth4rec(xth kn accOrd¥th 8ectlon l&lofthe Chariti88 Act 2011 to prepaie Jcc(Kints4¥Cb wSth Ihe 8ccountwwrncord•wO compiywtthth• 8ccounliii8ftquirBments ofthsChaffti¢8Act 2011 Mt bBgn mel or 121 to wfftlch. In my oplnlon. attention yh(xJid b&drnwn In orderto •nabi• a propwunderandlng ol the accounts to b8 rtèched. I not obtsinsd Independentvarlllcation of 8illnv•8tmgntswith the Trustees for MethodlstChur¢h Purpo¥eg or held In other tru9t bank baLar8 ènd funds atthe Central Hnanee 808rd ofthe Methodjst chwchWhh iThlhkluW In ex8 ofHO.000{I thoUa pwnd8}8tthe bal8n¢e8heetdat& Slgnatttro ot Independ•rtavmlner. -. Name ol Independtnt ttamin•r.J8¢ql1n0 M Ad R•lgvgnt profesglonal quallllcatlon otlndependentexaminer. Nla Address". 2 Stable MIIIv*X)od Clos& Fold. Ch¢xlo% &4R D4t•.' 111Page
Chorley & Leyiand Methodist Clrcuit Trustees Report & Accounts for the Year Ending 31" August 2025 Balance Sheet as at 31 August 2025- £s General Cln¥it Deslgnated Furtd5 Totals 2025 Totals 2024 Ttust Fund Funts circu Manse5 & Equipment Investment properties 748.1 748.190 1,127,686 405,816 379.496 379,496 38,028 38,136 Investrnents 19 38.028 38JJZ8 lJ65.714 1,571.638 Total FLxed Assets L127y6 24.313 99.870 460.746 12,059 99,603 OebtOTS 19.222 69.820 19,222 69.820 752.511 Loans by the Circult Investments withTMCP Central Finance Boord Deposits Cash at Bank and in hand Total Current Asseis 21 752.511 IL739 85.599 6.969 11.766 4.9)3 4.753 23.610 102,118 967282 22 696,591 75211 9.656 Current liabilttles Creditors IduÈ in under I yearl Grants payable withlrt l year Total Currerrt Llabllllles 23 59.OJ9 59,019 89.9C8 59.019 59.019 9.656 fA16.682 NetCurrtntAsfetslLlaMltles 127361 752511 Total Assets lesscufrtnt Llalxlttles I2557 2,073,977 2.178320 lorvx terrn liabillties Idut after mtye Grants poyable after lyear LoaDsto the Clrcuit n5 Zm3.977 2.178320 Net Assets I3557 Funds oFthe Cirwlt General Fund Circult Model Trust Fund Designated Funds Total Unrestrirted Funds 24a126 24b126 24d26 1255W7 1.255.047 790.539 18.735 1,640,250 498,882 19,468 2,158,600 790539 2J164.321 Re5tritted & EndowTnent Fun¢ts 9,656 19.720 25126 9,656 Total Furtds 1255J)47 735 9.656 U173,977 2,178,320 131Page
Chorley & Leyiand Methodist Circult Trustees Report & Accounts for the Year Endlng 31" August 2025 Cash flow statement for the year ended 31 August 2025 - £s 2025 2024 Cash from operating activities Net cash used in operating activities {60,075) 127,4921 Cash flows from Investing activities Dividends, interest and rents from investments Proceeds from the sale of property, plant and equipment Purchase of property, plant and equipment TMCP Charges & Levies Net cash provlded by investing activitles 27,403 404,840 23,333 238.302 126,2791 405,965 115,1941 246,441 Cash flows from financing activities Loan5 Granted Grant5 made from fund b/f Repayments of borrowing Grants Made Net cash used in financing actlvltles 164,0001 {41,2501 94,050 128,8581 140,057) Change In cash and cash equivalents In the reporting perlod Cash and cash eqLsivalents at the beginning of the reporting period Cash and osh equlvalents at the end of the reporting perlod 305,832 572,408 878,240 218,950 260,714 572.408 Reconclllation of net Income to net cash flow from operatin8 actlvltles 2025 2024 Net Incorne for the reportlng period { as per st*ement of financial activitles) Adlustments for. Profit on the sale of fixed assets Closed Churches Transferred In Loss on the sale of fixed assets Losses on investments Dividends. interest and rents from investments TMCP Charges & Levies Grants Made Ilncreaselldecrease in debtors Increase/ldecreasel in creditors Net cash used in operating activltles (63,0931 440,767 151,2801 1405,8161 976 108 127,4031 26,279 28,858 5.091 130.8901 (60,075) 12.5811 {23,3331 15,194 111,1861 10,743 127,492) Analysis of cash and cash equlvalents Cash in hand Short term deposit Iless than 3 months) Total cash and cash equivalents 102,118 776.121 878,240 99,603 472,804 572,408 141Page
Choriey & Leyland Methodlst Clrcult Trustees Report & Accounts for the Year Ending 31 August 2025 Notes to the Flnanclal Statements for the year ended 31'August 2025 1) Basis otAccounting and Accounting Policies a) Accountlng standard The financial statements have been prepared in accordance with Accounting8ndReportingby Charities.. Statement of Recommended Practice (SORP) applicable to charities preparinglheir accounts in accordance with the Financial Reporting Standaid applicable in the UKand Republic of Ireland IFRS1021. effectNe from 1 January 2015. Icharities SORP IFRS10211. b) Public Benefit Entity The Chorley & Leyiand Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost oriransaction value unless otherwise stated in the relevant accounting policy notelsl below. c) Ba818 These accounts have been prepared on the basis of historical cost except that the investments are shown at their market value atthe end of the year. The accruals tsasis has been used. and the Trustees present accounlsthai show a true and fairview of the Circutt's financial positiori and activities. dl Content The financial information presente(J is relevant. reliable. compardble and completè. Where estirnates are used these awe based on experience. research Bnd judgement. The accounts are expressed in £sterling. rounded to the nearest pound. e) Going Concern Based on the monetary assets and human resources available at 31 August 2023. the trustees believe that the Circuit is a going concern. t) con801idation The Circuit h8s denomrn8tlonal regut8tory oversight in respect of the Wofkofthe Churches within the Circuit but has no legal oroperaiion81 control of ihose Churches and their governing bodies except in extreme circumstances. Forthis reason, the financial statements of the Churches within the Circuit are not Consolidated into Ihese financial statements. The income and expenditure relatingto ihe Women5 Network- Chorléy & Leyland Circuii are consolidated into tttese tinancial statements as this group does tsllwtthin the overallgovernance of the Trustees. Income Recognttlon Income is brought into 8ccount when there is entitlement. and the amount is reliably measurable once it is rnore likely than not thai the economic benefit of the income will be forthcoming. IndDiidual amounts categorised as Other Income in the SOFA will be shown separately if they are considered material. The Clrcuit acts as agent in three matters: The collection from Churches and payment over of their contrlbutlons to varlous Funds ¢ontrolled and adm5nistefed byThe Methodist Church, known as'connexional Funds,. The admintstration (application. collection and disbursement) of grants requested by Churches wTth4n the Circuit from. but not limited to. the District and Connexional. 151Page
Chorley & Leyiand Methodlst Circuit Trustees Report & Accounts for theyear Endlng 31" August 2025 Notes to the Financial Statements for the year ended 31•August 2024 In all these matters the ir8nsactions are not refiected in the SOFA bec8U8e they ore the income of eitheTthe Connexion or the Churches as appropriat& Insiead. the transactions are disclosed in the Notes to the Accounts as required by SORPIFRS1021, module 19.12 In accordance with the Charities SORP IFRS 1021 Ihe time of volunteers is not recognised. Further information on this matter is provided in the Trustees Annual Report. If goods are donated, a value will be shown in the SOFA or Notes where the vaLue is considered materiol. h) Expendlture Expenditufe is recognised when a liabiltty is incurred. ora constructrve obligation arises. where the amount is reliably measurable 8nd it is considered more likelyth8n notthot there will be an outflow of economic benefit. i) Grantg Grants made bythe Circuit from its own fvnds are recognised in full atthe time of agreement to make a grant withoErt pertormance condilions or as and when the Circuil accepts that there is a leg81 or operations obligation to make the payment rf it is subject to performance conditions. When the grant to be aecrued is recurrent over more than one year. the balance payable in future years, discounted to net presentvalue where the difference is material, is treated as a provision forfuiure commitments in the balance sheei against the appropriate fund. The provision is then released in future years in accordance wtth the OrinallY88reed terms. Any futur8 payment provision is applie¢J to the fund from which the grantwiu be ultimately be paid j) VAT As the Circuit is notVAT registered, ail input VAT is charged with the expenses to which it refers. k) Tangible Fixed Assets These are capttalised if they can be used for more than one year, and Individualty c05t at least £l,C(#). Freehold property owned as at 3tst AuBUSt 201515 shown in the accounts at 2015 deemed values based on insured amounts. Property acquired afterthat date is shown at wst. No depre¢iation Is provided because the Trustees consider the curient residual value of the properties in their present condilion to be not less than their hi5tori¢al cost and, in the absence of anv material impairment. any deorecation provision for the building component of the PToperties would be immaterial. From time to time the Qrcuil may be required to assume responstbility for Church prerni5es following c105urÈ and cessation of worship. This resurts in the Circuit becoming Managing Trustees for the property. At the tirne the propertv is recognised as an asset at its anticipated net sale proceeds a5 determined by a professional valuation and after taking into consideration the to be charged by the Connexion. Any expenditure of suth assets. that is likely to enhance sale value, is capitalised at the time the expenditure is incurred. Manses whlch I no longer reqvired and subsequently offered for sale are revalued at its anticipated net sale proceeds as detemiined by a professional valuation and after taking into consideration, disposal costs and the to be tharged by the Conneyion. 161Page
Choriey & Leyiand Methodist Clrcuit Trustees Report &Accounts forthe Year Ending 31" August 2025 Notes tothe Financlal Statements forthe year ended 311August 2025 Basis of Accounting and A¢counting Policies conL l) Monetary Investments The Circuit's investrnerrts are in monetary assets classified as basic financial instrumenis under FRS102 and are h81d bythe Trustees for Melhodist Church Purposes l-TMCP-l as custodian trustees. The valuations. at market Value. are those provided byTMCP. The unre81ised gains or losses arising on invesimenls 8t the end of the year are shown in the SOFA and in Note 16 below. m) Investment Property From time to time the Circuit may hold residential property (formally mansesl which is either surplus to its normal staffing requirements or is not currently required due to different living arrangements for one or more otthe presbyiers. Where this isthe case and it is aniicipated thatthe property is unlikely io L*e used as a rnanse within a period of tsvo years, the property is classified as Investment Property Iwhether let OLrt or not). Any letting arrangements are at market rates unless there is a compelling reason not io do so furtheTance otthe Circuit's charitable objectives. n) Receivabl85 and Payables: Bank and Cash (Basic Flnancial Instruments) Debtors are ststed atihe amounts owed to the CiTCUit or prepaid. Creditors are initially recognised at settlement amount aftef any trade discounts. where normal CTeditterms apply. Subsequently crediiors that are current Liabilities are measured at the cash or other consider8tion exp8Cted to be paid. The liquid funds of bank balances 8nd deposit fund balances are shown attheir realisable values. o) Funds The trUee$ have adopted a policyfor811 unrericted reserveswhich isto maintain a minimum of six months coverfor Operating Expenses togetherwith specific designated fundsfor Major Manse Repairs, Ministers Removal Costs &Training & Development Costs. Further details can be found in Note 23 p) Ministers Mans8 Costs The Circuit is required io provide accommodation foreach minister in the Circuit and theirtsmilies. and this is seen as a benefit to the Circuit. Ministers are expected 10 OCCUPythe manse provided for them. The Circuit bearsthe cost of repairs, maintenance, buildings insurance. council tax and water charges. These figures are not sep8raieiy (Jiscloseil as bellefits in kind a8 HMRC d09$ not Segk to tax Ihese receipts in the hands of the ministers. 171Page
Chorley & L18nd Methodlst Clrcult Trustees Report & Accounts forthe Year ErKling 31" Augvst 2025 Notes to the Flnanclal Ststements for the year ended 31*August 2025 2) Glossary otTerms CF8: Central Finance Board ofthe Methodist Church- manages a Common Deposit Fund and a series of pooled investment funds for Methodist entities in Great Britain. and prowdes investment adviee to those entities. Church: a group of membeis from fewerthan 10 to more than 300. Clrcult: a group ol Methodist Churches near each other, tyPIC8ily between 10 and 30. Circult LeadershipTèam ICLTJ: a group of Circuil trustees responsible forthe day administrntion and policy formulaiion of Ihe Circuit. Generally, the CLT comprises the Presbyters and Deacons ststioned within the Circuit, iogeihei with the Circuit Stewards, of which the Circuit Treasurer is one. Circuit Meelin& The Trustees ofthe Circutt, mosi ofwhom are appointed byth8ir Ioc81 Churches an¢J others by virtue of a role they undertake for the Circuit andlor their local Churches. Connexlon: The Methodist Church in Great Brilain which includesthe Hea¢J Office at Methodist Church House, all Methodist Districts, Cireuits and Churches. Connexional Fund8: The Designated andlor Restricted Funds held and 8dmini8tered by the Connexion in furtherance of it chartiable and mission objectives. Dlgtrict: 8 group of contiguous circuits Usually bets¥een 15 and 30. FRS: Financial Reportingstandard. FTE: Fulltime equivalent. Used in the expression of stsffing leveisvthen not aLL staff are employed on a full-tirne basis. HMRC. Her Majesty's Revenue & Customs Lay Employees: Personnel empLoyed bythe Church on gener8Lly accepted commerclal employment terms. M8nse: Accommodation provided bythe Circurtforthe Presbyters forthe period that they are stationed within the circuil MMPS: Methodist Minist¢rs' Pension Scheme Presbyters: Prob81ioner OT Ordained Methi)di8t Ministers andlor Deacons who have pastoral and administrative responsibilityforthe Churches within the Circutt QuTnqu8nnlal Report: a report prepared every five years by 8n architect or qualified building surveyor on each manse and church wilhin the Circuit outknning lin priortyorder any major repairs needed to the building SOFA: Stalement of Financial Activities. SORP: Siatement of Recommended Practice. TMCP: Trustggs for Mèthodist Church Purpos8s. thÈ lÈgsL owner and Custodi8n Trustt)& of all Methodist ModelTrust property. including Legacies. Endowments and Accumulated Funds 181Page
Choriey & Leyiand Meth4)dlst Circuit Trustees Report & Accounts torthe Year Ending 31" August 2025 Not8S to the Financial Statements for the year ended 31'August 2025 31 In¢ome from Investment Propertles General ftd 2024-25 202>24 Fomr Man5e- Arleywood Drive 12.616 C105eil Church- Hesknn io.( Totsl 22.616 The ft)rmer manse situated in Arleywood Dri Chorleywas designated as 8n Investment Property and following an options appraisalthe Trustees decided thal itwas in the best intefests of the Circuit lo rent the property and h89 been let under an annual licence since 2f December 2023. As a result of tha iransferlo the Circuit of Heskin Methodisi Church. a iicence w8s issued to Nature Trail nursery in September 2023. This arrangement ce8sed in April 2025 upon the sale ofthe church. Letting income is shown gross offees and commissionswhich are accounted for in Property Expenses (see Note 10bl. 4) Assessments on Chur¢hes 27M) Gene Fund 2024-25 202>24 Adlirwn Chorley Methodist Eccleston 4.205 42.024 19.025 43.248 19.580 29.560 Euxion 28.721 Hlllside 42,288 85,484 41.030 Leyland Metky)dist Midge Hall Sndmo Lane Whittle 42.746 41.530 21.624 21.012 10.557 10.258 Total The Circuii comprises 9 churches12024: 9} and each is assessed for a contribution to meet a proportion of the net operating costs ofthe Circuit. The calculation 1$ based on the budgetforthe year and 8ssesse¢J based on ordained and lay vwjrkei time alioced. 191Page
Chorley & Leyiand Methodlst Clrcuit Trustees Report & Accounts forthe Year Ending 31¥t August 2025 Notes to the Flnanclai Statèments tor the year ended 31•August 2025 5) Capital Receipts t11rt Model Tntst Fund Totsl 2W4-25 Withnell Fo Total 202>24 Gros5 Sale Proceeds 355.¢ CPF Levy 1107,8141 SellingAgent Fees 18,1031 Surveyor5 Fee5 16371 Legal Fees 13.5401 Other Fees 113,186 Netsales Proceeds 221.710 The former church in Withnell Fold was sold in Decembe¥ 2024 and in Heskin in April 2025, yieidlng nei sales procee¢Js of £221.720 and £183.120 respectively. The former manse at James Hace, Coppullwas sold in October 2023 yielding net $8Les proceeds of £238.302. 275.IK I82,() 630.¢JXI 1189.8931 18.1031 11.2751 19.1201 116.7691 279.730 133.4821 13.4481 11.0971 132401 11621 16381 15.5801 13,5831 6) Grants Re¢eived No grants were received in the year or in 2024. 7) Other Income General Fund On¥lt Totsl ZQZ4-25 Total 2OZ>24 FUN Furnl Funds 4.589 2.610 Trf in- W Fold & He5knn Rental Incorne- Nursery 5.220 349 5.220 349 1,328 Other 85Z7 Total Followingthe Academisaiion of Leyland Intsnt and Junior schools in April 2024, Ihe Circuit became ManagingTrustee for both these properties. A nursery schooloccupies two separate parts of the site, one under the terms of a lease and the second undef a Tenancy atwill. Rental income totalling£5,220 was received during the year12024- £2.6101 as 8 resutt of these agreements. In 2024 funds transferred in from ine ts¥o closed churches IWithnelL Fold & Heskinl tot811ed £4,589. 20IP¥ge
Chorley & Leyiand Methodist Clrcuit Trustee$ Report & Accounts torthe Year Ending 31" August 2025 Notes to the Financial Statements for the year end8d 316August 2025 8) Grants & Donations A8reed Thi5 Year Paid Thk Year 8reed Prevlous Year Carried Forward Tot•1 Pald Thi5 Year From General Fund5 Unpald b/F Thisyear 5t Johns School. Brinscall Spendmre Lane Lightint other 1.117 857 11.1171 11.1171 857 1.250 11.2501 123671 11,2501 12.3671 Totsl Paid Thi Year Paid Th Ye Carried Forward Pald Thls Year From Deslgnated Fu Fowwartl Unpald blf 3 Generate Other Total {4(K)I Pald Thi5 Year Paid This Year Pald Thi5 Year From Funds Wf Forwartl Unpth bll Forward Leyland Roof Totsl 41.250 141,2501 1412501 141,2501 141.2501 41350 Vla Funds TransFef fr(K Paid Th15 Year blf Reveed ThLs Year Carrled FoNard Pald Thls Year Euxton Solèr Pane 16.9081 119,1841 16,9081 Euxton R(x)f 19,184 3,69) 29.782 119,1841 Whittle Boiler Totsl 126m21 126m21 Ierall Total 74ffi56 I70.} 4547 170.1091 During the year grants and donations totalling£70.10912024= É3.0671 were made. The grant for the Leylancl Roof was ftjnded by converting an equivaleni amouni of the loan granted in November 2021 (which was held in General Funds) into 8 grant. The gr8nt for the Euston Roofwas funded by converting an equivalent amount of the108n granted in September 2024 into a grant. This and the grant forthe Euxton Solar Panels were funded by a trarbsfer of tunds from the GMTP Inierest Fund. All 3 8rants ¥Yere dpproveLI at the 17 June 2025 Trustee meeting. See also Note 9) Stipends, Salaries and Asgociatod C08ts a) Presbyters & Deacons Fuiifime PartTime Genero1 2025 2024 Stipends National Insurance 131.835 131.835 14.372 24.816 131.835 123.420 14.372 24.816 14,372 12.118 31,247 Pension5 24,816 Total Employment Costs Telephone & Intent Travellln Totsl 171,023 2.308 3.439 176.rn 171P23 171A)23 166,785 3,049 3.067 172,901 2,308 3.439 176.rn 3.439 176,770 211Page
Chorley & Leytand Methodist Cir¢uit Trustees Report & Accounts tor the Year Endlng 31" August 2025 a) Notes to the Financlal Statements for the year ended 31'August 2025 b) Lay Workers & Admin Staff Full firnt TITr Gener•1 2025 2024 Sè1ary 44.286 44.286 41,759 National Insurdrte Pen5ion5 4.232 2.652 4.232 2,652 4.232 2,652 3.039 Total Ernpl¢Jyment Coms Telephone & Internet Travellin Totsl 5L169 216 51.169 216 51.169 216 264 951 951 951 52.336 47.971 c) Totals Ftyll 71rne P•rtllme Genertl Desl8roted 2025 2024 Stlpends. Sal•w & As$Oted 229.107 229.107 229.107 220.873 dl Pensions All ordained Presbyters & Deacons 8re members of the Methodist Ministers, Pension Scheme IMMPSI, which is a delined benefit scheme. The Supreme Court held in 2014that Methodist ministers Iwhich term was deemed to include presbyters 8nd deacons) are not employees of the Church. For simplicity. however. when dealingwith National Insur8nce and pension contributions. the terms'employer. and 'employee' are used as theywould be in an emplowng body. On the other hand, lay empl¢)yees are conlractual employees and do have the optlon of joining an ocoupational pension scheme. Financial details otthe MMPS be found in Zhe note to the Consolidated Repon and Financial Statements of The Methodisi Church e) Cost of Superlntendent, Preswrs & Deacons The Joint Superintendents of the Circuil. the other Presbyters and Deacons and the remaining memL)ers of the CLT are considered as Key Management Peisonnel. One of the Joint Superintendents chairs CLT and Circuit Meetings. The members of the Circuit Meeting aretheTrustees of Ihe Circuit. The stipends, employer's NIC and employers pension contribLrtions and other expenses otthe Presbyters and Deacons of the Circuit are paia Dyine CITcuIt. The manses are provided bythe Clrcuit. and the Circuit maintains the properties. Council tax and water charges are pai¢ tythe Circuit, but as HMRC does not regard this a benefit in knnd the values are not disclosed here. Each Presbyter and Deacon is entttled to a three-month sabbatical, every seven yeaTS. Expenses incurred during this are met by the Connexion. wilh the Circuit continuingto paythe stipend. Duringthe year there have been no sabbalicais. There are no addition8L costs incurred as a result of sabbaticoLs asthe remaining Presbyters and Deacons cover the work without addilion81 payment. The tot818mploymeni costsfor Presbyters 8nd Deacons can be found in Note 98 above. 221Page
Chorley & Leytand Methodist Circuit Trustees Report & Accounts tor the Year Ending 31" August 2025 Notes to the Flnanclal Statements for the year ended 31*August 2025 101 Property Expenses Duringthe yearthe Circuitwas Man88ingTrustee tor 3 manses12023-41. all of which were occupied bythe Presbyters. The Circuit was also ManagingTrustee for 8 former manse. Arteywood Drive. which was designated as investment propertywith effectfrom December 2023. The cost of on-going maintenance and improvements to all propertie5 is cufT8ntlunded on an'as incurred, basis from the Gelleral Fund. Ary majorlone-off repairs or maintenance are funded from the reserve held in Designaied Fun(Js. The CiTcuf(8Lso organises and fundsthe Quinquennial Reportsfor all Churches and Manses within the circuit. Priorto their sale the Circuit was also responsiblefor any property re18ted expenses in resped of 2 closed church8s ai WrthnelL Fold ond Heskin. Followingthe Academisation of Leyland Intsnt and Junlor schools in April 2024 the Circuit became ManagingTrustee for both these properties. The ManagingTrustees are not responsible for any property or other expenses incurred in respeci ofthese properties. a) Expenditure on Mans88 General jd Monse ndl M•intenan Water Total 2024-Z5 Total 202>24 Mairt & Imwo¥ Little C105e Warton place 1175 1.672 442 750 307 2.748 1.592 4A72 225 Windsor DrNe 2,093 512 1.029 165 271 10,503 Total General Fund$ Designated Funds Ltttle C105e L172 17fiZ2 Windsor DrNe Warton Place Total [les¥ted Fund5 Total. Manse5 5.941 iA5Z i.ln 17.622 10.503 There w8s rko significant or'one-off. expenditure on any of the properties duTingthe year or in 2024 231P8ge
Choriey & Leyiand Methodlst Circult Trusteeg Report & Accounts fortho Year Ending31¥t August 2025 Notes tothe Financial Statements forthe year ended 31•August 2025 bl Expenditure on Other Property Genertl Fund De5i8nated FuNts 202>24 Descrlptlon 2024-Z5 Investment Properties Church Quinquennial Reports Total 9.154 2.451 11.fj05 2a234 c) Total Expenditure on Property Gener31 Fund Z02>24 Designated Fund5 202>24 Trtal Fur 202>24 21)24-25 Manses 17.622 10.503 23.234 17.622 11.605 10.503 23.234 Other Prope Total 11.605 29227 33.738 29227 33.738 11) Dlstri¢t Assessment Levy General FtsrKI Clrcult Total 21>2*25 Totsl 21>2>24 Funds Fund Funds Dlstrict Expenses Methodist Chufch Fund 7,730 76.8n 10.951 61.907 14,317 76.873 24.824 - CMTF 24.824 Total IiYJA27 87.175 Due to the incorporption olthe Lancashire District into the Nonh West England Districtwith effect from 1° Sepiember 2024 a transitional approachto the determirkation of the District Assessment was pui in place. The used the previous year's assessment as adjusted for inflation. The Circuit ModelTrust levy is alculated on 8 sliding scale percentage of the Circuiis CMTF account balance as at 31 August in the previous accountingye8r. 12) Office &AdministratSon Expenses Gtn¢ral Fund Trtal 202> 24 Funts 2024- Trust Fund nds Payroll Adrnin charge Comptrter Levy- Ministers TMCP Investment Management Fees 942 776 1.455 1,455 572 877 Prlnter Cartridge5 ClrcuTt Webs 572 587 391 391 249 OtherAdmln Costs 124 Total IA55 3,(fJ2 241Page
Choriey & Leyiand Methodist Circuit Trustees Report & Accounts forthe Year Ending 31" August 2025 Notes to the Financial Statementsforthe yearended 311August 2025 131 Other Outgoings GenEral Fynd Total 2024- T¢)tal Model Trust Fund Ertdert 24 Mi55ion. Preachtn8 & Wor51Mp Supernumery Preacher Expenses Me55y Church- Buckshaw Resources 2.993 273 2.993 273 2,791 319 825 334 381 L540 1.557 Other Expenditure Tr3ining CouT5es & Events Apprentlceship Levy stsff RetreatlCLT Away Day Purchase of Rickshaws 855 1.810 1810 1.560 Insurance Premiums 854 339 Venue Hire 2,IC 2.1 1.370 5.411 Profe55ional Fees Other 478 111 9.895 10.373 1.593 Total 10276 21An 15.794 Venue Hire- In 2024 itwas agreed thatlhe Circuitwould pay a f8ir room hife fee when church premises were used for circuit events and meetings. Other IRe8trictedl-this paymentwas made to knmitless Adventure C.l.C. an entity set up to continue the work ofthe 8ueksh8w Rickshaw Project which was prewously undertaken bythe Community Pioneer who was employed by the Circuit. The payment was equ8Lto the balance held in the Buckshaw Rickshaw Restricted Fund. 14) Investment Management Duringthe yearthe Circuit paidTMCP. Ihe cusiodians of the Circuits investments, m8nogement charges based on 0.2% of the value of ihefunds as atthe beginningof the financial year. In 2025 this totalle 21.45512024.. £8771 These costs are included in ofiice & Administration Expenses in note 12 above. Realised and Unreallsed g8inslllossesl in invesie(J fun(ts are listed below. rcuii General Fund Totsl 20Z4- Total 202> Funds Trust nd EndLy*ment funds CF8 Corporate 8ond CFB Managed Mixed Fund CFB Managed Flxed Interest Fund 16.7511 2.217 57 57 1165 11651 7.115 Total 2581 15) Gainllloss) on Investment Propertles & Manses 2024-25= £976,12024.' £405.8161. In 2024 in accordance with CPD the carrying values of the former churches Withnell Fold and Hesknn were broughi into the Circuit's books. Based on estimated net sales proceeds this totalled £405,816. The eventual net sales proceeds were £404.840. resulting in a loss on disposal of £976 251Page
Chorley & Leyiand Methodist Cir¢ult Trustees Report & Accounts forthe Year Ending 31" August 2025 Notes to tho Flnancial Statementsfortheyearended 31'August 2025 16) Reclassitication of Funds 2024-25 £1404.8401.12024, £1187,02211. This arises due to net sale proceed5 (see note 51 of properties sold in the year being Credited to the CMTF, where8S the c8rryingv8iue is heid in General Funds. The impact on over811 reserves is nil. 171 Manses & Other Property Buildings comprise 412023.651 comprising 3 manses located in Chorley. Leyiand & Brinscall togelher a former manse now designated as an investment property in Chorley. al Cost or Valuatlon Buldlng5 Tot•1 Flttlng5 and Equipment hder Constructlon Balance brouBhtforward Additlons In the year Revaluations 40516 1.127.686 1,729.622 less Disposab In the year TransfeT5 betweEn Categorie5 Total 1405.8161 379.496 1379.4961 748, 1379,4961 74&190 379A96 b) Accumulatsd Doproclatlon and Imp81rment Pml$lons Balance brought forward Depreciation charge forthe year Impairment provisions Revaluations Oisposa1s Transfer5 Total c) Net Book Volu8 Brought Forward rry Forw•rd 4058 I.1276 i.n9,622 379rt90 74•.190 748,199 d) Schedule ot Properties Property Arley Wood Drive (Mansel uttle Close Imansel Warton Place (Mansel Windsor DrNe (Manse) Total 379.496 295.C 295,000 223,162 223.162 230.028 230,028 379A96 748.190 748.190 261Page
Chorley & Leyiand Methodist Clrcuit Trustses Report & Accounts for the Year Ending 31"August 2025 Notes to the Financlal Statements for the year ended 31•August 2025 18) Investment Assets, in¢ludingTTusteestor Methodlst Church Purposes The funds that support the CiTCUlt ModelTiust Fund las Lied below) are held byTMCP in Trustees Interest. Managed Equity OT Corpor8ie Bond Funds on which interest or dividends are credited to the a¢couniS either monthly or quarterly. These are regarded 85 mediumto longierm invesiments. TMCP is the legal owner and custodian trustee of all Methodist modeltrust properry. includlng legacies, endowments and accumulated funds. Trust property is held for and on behalf of local managing trustees who are responsible forthe day-io-day rnanagemeni of tTUSt property. TMCP ensure. through providing guidance and acting undertheir direction. Ihaithe man8girbgirustees comply with charity law and Methodist law and policy as determined bythe Meihodist Conference. Invegment Fund Dets75 TNst Fund- Detsils 14ame Number Nufflb of Units Totsl 2024 prI- És Trust 9540 CFB Mana8ed Myxed Fund CFB Managed Fixed Int. nd CF8 Cor rate Bond Tot In¥esMents 2CI(N) 5.698 4.126 5A27 30.923 7.105 30.923 7,105 30,866 7.270 2C122 1.722 2C128 38.028 38,028 38.136 Trustets Interest Fund 2CIIO 752.5U 75311 460,746 Totsl 790.539 498W2 191 Debtors & Prepayments All items shown as Debtors as at 31 August 2024were received duringthe current financialyear. All sums paid in advance as at 31 August 2024 have been released in 2024-25. It is expected that 811 sums shown ijebtors & prepayments in advance at 31 August 2025 will be released in 2025-26 General Fund c111t Restrfcted Total 2025 2024 Furmts Trysi Fund EndNTmÈnt TTade Debtors Assessments Other Total Debt¢Ys Pre ayments Stipends. Pension & Nl Insurance Premlums ,C81 1.539 447 15,091 1,539 447 14.152 1,487 385 Council Tax & Water Charges Fees lating to disposal of prOrtIES Funding for 3 Generate Other 2.018 2.018 7.194 57 57 55 Totol Pre Ments 19.151 19.152 23.673 Totsl Debtors & Prepaymw 222 222 24313 271Page
Choriey & Leyiand Methodist Circuit Trustees Report & Accounts tow the Year Ending 31" August 2025 Notes to the Financial Statements forthe year ended 31LIAugust 2025 20) Loans to Chuichas Loans to churches within the Circuit may be granted bythe trusteesfor a variety of purposes. All loans are interest free. The agreed repayrneni period Irf set) is shown in the table below. Grants of £41.250, 8nd £19,842 fof the Leyland Roof project and the Euxton Roof project respectively were approved in June 2025 (see Note 111, and these have now been offset against the loans are included in the 8mounts repaid thi8 year in the iable below. thurch Bal•nce blf Granted Th1$ Year Rep31d Thls Year 8alan¢e Granted Leyland Methoditt Church- Roof Leyland Methodist Church- 8oiler Euxton Methodist Church- Roof 25-Nov-21 91. 15.lJXI 10 Years 84.870 141.2501 43,620 31-Dec-23 10 Years IS,ThM) 15,000 11.199 10 Years 152.8011 194.0511 Tthl 0919 211 Central Finance Board {CFB) and Bank Balances Monetary balances held 81 the Central Fin8nce Board of the Methodist Church. The Co-op Bank and at the Roy8188nk of Scolland plc 8re all available on dem8n(J without10ss of interesi. r¢ult Desigrwted MI¢1 Funds TFUSI Fund Genwal Fund Total 2024 Funds Central Finance Board 11.T39 85.597 4.9)3 23.610 102.117 12,059 99.602 Co-op Bank al Bank of Scotland 11.766 4,753 Total 97338 221 Creditors. Ac¢ruals and Income In Advance All iiems accrued or received in advance as at 31 Augusi 2024 except for the amount relating to the District Assessment were paid or released in 2024-25. and it is expected that the same will occur with aLL items as at 31 August 2025. 9.656 IZ5.729 Ill2 General Fund Totsl 2023 Funds Trnsl Fund Funds Incorne in Advance Asse55ments received In advance Wood Dr@ 42.334 42,334 76,953 Rent- Arle 1,398 Total Income in Advance 43974 78.351 Credhors & Accma15 Minister & Staff expenses Distrlct Assessment Manse RepaTrrs/Council Tax etc etc. 203 203 9.843 943 9,843 1,177 Other 2.158 2.158 92 T4)tal Creditors & rry¥l$ Total Credit$ (due in under I vearl 15248 15248 11.558 59Jn9 281Page
Chorley & Leyiand Methodist Clrcuit Trustees Report & Accounts forthe Year Endlng 31¥t August 2025 Notes to the Financial Statements for the year ended 31August 2025 23) Unrestrlctsd Funds a) General Fund 31-Aug-25 Balance 1.315.480 1.640.250 The purpose otthis fund is for use atthe ¢Yiscretion of thetrustses in furtherdnce of the general objectives of the Circuit, and which have not been designated for other purposes. As at 31 August 2025. 86%12024 72%) of this fund is held as freehold and long leasehold properties, being rnanses for ministers and investmeni properties. DetaiLs otgTants and donations made from the General Fund during the year can be tound in Note 8. The Trustee8 are aw8re that gr8nt applications must demonstrate public benefit and this is irue for this fLnd. 31.Auz-24 b) Circult ModelTrust Fund 31-Au25 790,539 31.4 498.882 Balance The purpose of Ihisfund is for use atthe discretion of the tTUStees in lurtherance of the genaial objectives of the Circuit. Its main source of income is from the sale of church buildings in the Circuit. Although this is technically an Unrestricted Fund under the control oftheTrustse$, Methodist Standing Orders 930, 931 and 917121 do contain some restriciions on the use of the lund. c) Designated Fund8 JI-.?4 Balan 18,735 19.468 These funds are to setve specrfic purposes but are not restricted byany documeni or deed to that purpose alone. Details of the specitic fvnds ale as follows: Manse Major Rep•lrllmpro¥ement Fund-this is a historical fund, established over time by tr8nsferring funds from the Gener81 Fund. Thefund balance as at 31 August 2025 stands at £13.30212024: £13,302). Presbyters & Daacons Remov8l Fund- used to meet the removal costs of new presbyters & deacons joiningthe circuit and was established overtime by designating funds previously held in the General Fund. The fund b8Lance 8s at 31 August 2025 stands at £6{2024. £9)61. Trolning & Dev•lopment Fund-this fund w8s estsblished during 20-21 to provide support for individuals who are lookin8 io further develop their own faith tife wilh specTfic training- The balance as at 31" August 2025 stands at £4,48612024'. £4,820) Other Do$lgnated Fund-this is used io fund'one-off Items that wouldny be cLasse¢J 8$ normal operating expenditure or be covered by one of the other designated funds. This fvnd the balance as at 31° Augusi 2025 wes £4012024: £440) 291P8ge
Chorley & Leyiand Methodist Cir¢uit Trustees Report & Accountgft•r the Year Ending 31" August 2025 Notes to the Financial Statements for the year ended 311August 2025 24} Restricted and Endowment Funds 31- -25 314u#-24 Balance 9,656 19.720 The r8stricted and endowment funds existto supportthe causes below. The fun(Is held 8$ Investments wtthin the B81ance sheet are managed byTMCP. In the SOFAihe investment income and charges for these funds are recorde(J io the Televant fund and then a fund Iransfer is recorded to reftectthe tsct that the net income from these funds (after charges} is credited 10 the CMTF. which is an Unrestricted Fund. Thefunds held on deposil Wlth th8 Central Finance Board l°CFB"l are managed by the CFB and Ihe interest is crediie¢J to the relewdnt account. Each fund is listed beliMI and is c8tegorised according to the following key.. EE_ Expendable Endowment- Caprtal availablewtth restrictions PE- Permanent Endowment- Capit81 unavailable RL- Locally Restricted- Capit8l8nd interest available Digltal Enabler IRLI- Grants and donations received in 202(P21 for equipment and resource5 to enable digital ministry. The balance on this fund as at 31" Augvst 2025 wa5 £3,340.12024'. £3,721) uckshaw Rlckshaw Prolect {RL)-the broughi forward balance in this fund ot£9,895 was transferred to Limitless Adveniure C.l.C. an entity set up to continue the work of the Buckshaw Rickshaw Projeci which was previously undertaken bythe Communwty Pioneerwho was employed by the Circuit. Local Preachers IRLI- to be used to support those following their calling to be local preadrs. The balan on this fund at 31" August 2025 stood at £3,189.12024= £3.0551 Stjohns School IRLI- available to fund any emergèrtcy repairsatthe joint Church of En8landlMethodlst primary school in Brinscall. The balance as at 31X August 2025 stood at £l,PJ912024= £1.7201. 251 Summary of Fund Movements Cwryr TNnslers Balarte at 31N 2025 Atdasslfic fjeneral Clrcu11 Moael Trust 1.640,250 498.882 333. 1419.3321 133,1871 185.5251 IIA.137 1106,1371 1404,8401 19761 11081 1,255.046 790.539 431.089 397.? TfAal Unresblcted & Uthinated 14525ts1 3ll378 ILOB41 lfy15,586 Manse Major Repair/lmpro%eme Presbfters & Deacons Rem0¥71 oneer Ministry Training & Development Fund Other Designated Totsl Deslgn4ted Dlgital Enabler Buckshaw Rltkshaw Proled Local Preachers 13.302 J3.302 420 13341 Iw)) In41 13341 4A86 18,735 3.721 13811 19,8951 13811 19mSI 135 3,340 3,055 135 3.189 1,799 1,328 956 Stjohns School 1,720 78 78 Funds Raised fof Community Wo T¢Mal Re51riued I32B .720 213 1102761 14635291 Totsl gF PJI FWK 1743ZO 1404A401 1073,976 30IPage
Chorley & Leyiand Methodist Circuit Trustees Report & Accourrts foT the Year Ending 31" August 2025 Notes to the Flnanclal Ststements for the year ended 31¥August 2025 26) Analysls of Net Assets Between Funds Fund balances as * 31 August 2025 are represer7ted by: rcuit Model Tfltst Fund Total 2024-25 202>24 d fvNIs End¢Nimen t Fund5 1.127,68 Tangible Fixed Assets Fixed Asset Investrnents 748,1 379,496 748,1 379.496 38.028 1.027.715 159.0191 405.816 Investments 34028 752.511 38.136 CurrentAssets 246,813 IYJ,0191 18.735 9,656 696,591 Current Uabilities 189,9091 Creditors Due After OrE Year 2,178.3Z Tot Fund Value A80 n5 2.134AIO 271 Related Parties Receipts from and payments io related parties duringthe yearVre as follows- Circuit Assessmenis totalling £299.44212024- £29).8691 were received from Ihe Churches within the Circuit Isee Note 4 for further details), and payments of £84,603,12024: £72,858) were made to the North West District in respect otthe Districi Assessment. In addition. the payments scheduled below were made to Trustees of the Circuit forsupernumery Preaching Expenses. It is not generally Circuit policyto reimburse Circuit Meeting members for expenditure properly incurred In carrying outtheir duties. However as OLrtlined above the Presbyters and Deacons. are paid bythe Clrcuit for their work within the Circuit. In addition. payments Ifees andlor travel expenses) are made to Supernumerary Ministers for preaching dutiesthey undertake within the churches of the Circuit. These costs are reported as'Oth8r Outgoings. and detsils of these payments to Supernumery Ministers who are Trustees are outlined below. Trustee 20225 A Mashitr Rev R Stubblngs Dcn S Nkholls 750 170 697 Total 1655 Noie- Dcn S Nicholis resigned as a Tnjstee on 21° May 2025. therefore the amount disclosed above relates io payments made in ihe year up to and IncLudingthis dale. 311Page
Chorley & Leyland Methodist Circult Trustees Report & Accounts forthe Year Ending 31" August 2025 Notes to the Financial Statements for the year ended 31°August 2025 28) Agency Collectlons & Payments The receipts and payments belowwer& collected on behalf ofthe various Methodist Church funds as listed below. Paymentswere made in September 2025. Receipts Balance due (from) I to Circult -31Aug 25 Mission in Britain Fuftd Propery Fund World Mlssion Fund Presbyrers and Deacons Fund Tralnin8 Fund JMA 1,220 2rrf) 1.220 2(M) 1,140 1,140 1.223 ILKJ 1.223 Euxton Roof A eal Yot•l Iify)I 29) Volunteer Contrfljutlons Every entity Iconnexion, District. Circuil. Church) wthin the Methodist Church in GB is heavily rellant on volunteers who ¢ontribLrte their skiLis, time and money in the furtherance ofthe work of the Church. The Presbyters and Deacons are supported by local pr8achers and supernumer8ry ministers to ensure that worship can be held at all the churches every Sunday. In addition. mary people contribute by serving on committeesland or working in teams that de8lwith plannin& mission, manses. tinance. and safeguarding. 30) Capltal Commltment and Contingent Liabllities There were no c8pf(al commitmerrts orcontingent liabilities atthe year-end12024 nill- 31) Leatye commitm•rrt• On 26th July 2019 the Circuit acquired a prope in Little Close. Leyiand as a r8pLacement m8nse. This property is subject to 8 999y8ar lease wtth effect from 1st january 2000. The annual ground rent payable is £85. The Circuit has no other long-term lease obligatioris. There are short term obligations for telephoneslbroadband * the Circuit Manses. The total annu81 cost of these is not considered material. 32) Independent Examiner The independent exominer provided no additional services duringthe year. 331 Post Balance Sheet Everbtr On the 4" November 2025 the Circuit purch8sed 8 new manse in Leyland wilh a total acquisition cost of £365,096. The existing manse in knttle Close, Leyland is now onthe market forsale which is expected to occur in early 2028. 321Page