THE METHODIST CHURCH MILTON KEYNES METHODIST CIRCUIT ACCRUALS ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Clrcuft no NORTHAMPTON Dlstrf 23126 Roglstorod Charity - Charlty Ragl8tratlon number 1137998 If not a registered charity Her Majesty's Revenue and Customs Glft Ald number (The HMRC number Is equlvalent to a reglstered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Walès that are not registered charities are excepled from registratlon under Statutory Instrument 2014 No.242) Ministers: Rev Edson Dube Rev David Haseldlne Lotz Circuit stewards.. Jackie Comme.. Tenda i Pearc8 Doreen Bell Treasurer: David Harbe
Declarations and Scrutiny I confimi that these aceruals-based accounts rècords of the Circuit and that they indude all the year 31 August 2025 have been prapared from the ds under the control of the Circuit meeting. Signature of treasurer- David Harbey Date 12 March 2026 Name and address of treasurer- David Harbey, S Wottdward Place, Loughton Lodge. Milton Keynes MK8 9LG Presentatlon to the Clrcult Meetlng l confirm that the annual report and accounts for the year end8d 31 August 2025 were presented to the Circuit meeting held on 12" March 2026 Slgnature of the Chair of the meeting.. Edson Dub8 Date 12. March 2026 Name of the Chair of the meeting.. Rev. Edson Dube
Independent Examlnerfs Report to the Trustees of the Milton Keynes Methodist Circuit Charity Number 1137998 Responsibilities and basis of report I report to the trustees on my examination of the accounts of the Milton Keynes Methodist Circuit for the year ended 31 August 2024 set out on pages 4 to 9. As the Circuit's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities AGI 2011 1'lh8 Act,). I report in respect of my examination of the Circuit's accounts Caled out under sedion 145 of the Act and, In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515)(bl of the Act. Independent Examlnèr's Statsm8nt l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountant (England and Wales). I have completed my examlnatlon. I confimi that no materlal matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect: the accounting records were not kept in accordance wlth sectlon 130 of the accounts did not accord with the accounting records.. or the accounts did not comply with the appli&gble requiremenls conceming the fom and content of ac¢ounls set out In the Chaflties (Arxounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which Is not a matter considered as part of an independent examination. I have no concerns and have com8 across no oth8r matters in cnnnection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to b8 reached. Signed Mr. Jonathan Vowels FCA CTA DChA JVCA Ltd, Chart8red Accountants 114 High Street Cranfield MK43 ODG 12th March 2026
Mllton Keynes Methodist Circult 23126 Balance Sheet as at 31 August 2025 Gen•r•l Fund Iunrwdtrlctsdl Clt¢ult Mod•l Trusts IUnrestri¢tgdl Dèffslgnatsd Funds Iunrgstristedl R•8trlcted Fund• Endowm•nt Fund• Total 2024125 Totals 2023124 Flxod A¥sot• Clrcuit Man888 & E Investmont ment 1365 000 Invostmonts T441 Ilx•dass•ts 1365 000 Curr•nt A•••ts D8btor8 7377 7377 70358 Lo8n$ b Ihe Circu Inve8bnenls with TMCP Cenlrdl Finance Board Deposils 113,220 112,307 Cash al Bank and in hBnd Tot1 ¢urr•nt•M•t8 113220 170 065 173707 Cuff•nt Il•bllltl• Cr•dllorB (duo in undor 1 yearl Grnnts bkn thIn 202426 N•¢¢uffwDi w•tsNl•blllll•& 113 20 157 776 Tol•l••••ts 1•88 curront Il•bllllh8 1396 151 113220 1509 371 'LbTho1•rni Ilabiiftlèth Iiiuo ft•r mor•th•n on• y••l I:. Orents 8fter2024.26 Lo#ni lo Clr¢uil Pl•t••8•M 1398 151 113 220 1 509 371 1 522 77J Fund• of tho Clrcull Gener81 Fund Unrestl¢tsd Cu1 Model Trust Fur Unreslriciod 1398 1151 13913L 1415459 220 122 207 Desi n81ed Funds Unrestricted rDt¥i UnrnJlrl¢lgdFundi 1 509 371 1 527 688 274 Reslrfcted Funds Entlowmenl Fund8 859 TotslFund 1396 151 11322Q 71 Sned ¢irwil Treasurer
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Milton Keynes Melh(xlist CircLtit Year ending 31 $1 August 2025 Nots8 to Accounts 1. Basls of accounrt0 The financial statements havè been prèpared und$r the Chariti•s Act 2011 in accordance with the 2014 version of Aiwunting and Rewrting by Ch8rities.' Statement of Recommended Pr8Ctice ISORPI 8ppllcabl6 to eharftI6S preparing their accounts in accordance with FRS102- the Charities SORP IFRS1021 and ts.ng note ofthè Updots Bullotin 1 i85ued in 2016. 2. Funds Th8 funds hold constituta.. Ganaral Funds hald for any purposo ol the Clrojil which are Unrestricied. The Circurt Model Trust Fund has wide purposes defined in StanditYJ Orders and is categorised as unre3trictèd. Rostricted funds whlch are hakj for a narrowor purposo. Details ol each mat&rrdl fund are disclosed in the final nots to th8$9 iuFts. Any ftjnds m8y bo r&pwentsd by Ih8n Iu8t Lxsh. 3. A¢eountlng poll¢l•• B••l$ Th•80 8c¢ounts have been prepared on the basls of hlstorScal cost #xcepl that Invo$tm$nts aw shown at thalr markat value at the end of the year, on the accrua18 ba818 to show a true and fair view of the ClroulY8 flnand81 posloon and o¢tlvits'g$. In¢omlng R•iour¢•¥ Irttm6 18 indikled in th& Stat8m8nt ol Finoncial Acts'vitl88 ISOFAI when the Circuit becom8s entitled to thè r¢os, and thé trustèes ar8 rea8tsn8bly cort8+n they will rec4 th• r980urw: and th• monatary valua can be m8a8Ufed with Sufflent reliabillty. R••ouKM Exp•nd•d Th1$18 rocognisod whon 8118blllty18 in¢urr•d. or 8 ¢on8tru¢tiVo obllgatlon orlsss, that rasults In the payment belng unavoidable. Liabilities ar8 recwni88d as soon 88 an ouffiow ol economic benefit18 con8id8red rnore likely than not und•r th818g81 or construcUv• obllgatlon committing the Clrcult to Pay Out r8sourc88, Gr•nts Grants made by the CircuK from it8 own fvnd8 are reccunl8ed in lull 8t the Um6 ol agreoment orwh•n Clr¢utt pts that thgr& 1$ a leg81 or ¢¥)eration81 obllgatitsn to mak& th& paym¥nt. VAT Slnce the Clr¢ull16 not VAT regl8ter8d, all Input VAT18 charged wlth tho expens•s to whi¢h ft r•f8rs. T•nglbl• flx•d u••t• lor UM by th• Clrcult Tgnglbl& ftxed asséts aré capitalls8d If th8y can b8 used lor mor8 than one year, and COBI al least £500, The freehold proparty Is ghown in thè accounts at 2020 d8•m•d v8lu•s- 47 Buckln ham Road 23 Whlte Horse Driva 5 Plowman Closa SLon &llow Drtve £355 000 £410000 £2SO 000 £350,000 No dopr8clation Is provld8d on th8 buildlng bocause th8 trustees consider the current residua1 falr value of th• mgn8• buildings lon the aBsumption that rt had reached the erbd of its Y$Ul g¢onomi¢ lifg by tha yaar-8ndl to be not less than Its current V81ue. Any depreciation would not be matsrial, The properts'es have boen Vi#Wad for impalmient. Inv••tmont Properl1•• Inv8Stmont pr0pSrt- no propty Is currantty d88mod to not te held for the k)ng-tem purpos9$ of tha charty. Inv•8tmgnts Inv8stm8nts ara valued in th& balawe sheet at market value at the year end. Investment income is indudod In th8 accounts when receivable and any gains or10$se5 on r8valuation at thè yèar-end are shown in the SOFA. D•btors and Pr•paym•nt• Thè prapaymant Induded Sn tho accounts Is in stipends for ministers for Septemtr*r 2024. Cr•dltors Cr8dth include both sundry expense6 and 3pecthcally the firnt quartèr ass•ssm•nt r•c•lv•d In August.
Milton Kgynes MelhcJist Circuit Year ending 31&t August 2025 4. P•ymont to Trust••s Thgm w8re no payments made to truste8s for additiCn81 servi¢08 prtsvid$d to the Cir¢ult by agroomont th the C1Ult Meeting, this exdLKlès stipends. Trust80 en$08 202412S 39 £0 2023124 48 £0 Number ofTrust89S Totsl arnount Expense payments primarily relat& to rèimbumm•ntfortravd and compuU)g costs 5. Fw• for •x•mln)tlon or audlt of th• accounts 2024125 2023124 Indepondgnt 9xamirfS or audbtors, fees for repKJrtirrfJ on the acc£Junts Othèr f8&s leg". advlc8. accountanry Serwcesl paid to the independent eX8mSnor or 8udltor £924 e. Pald •mploy• 8t&ff ct¥ pdd durlno th• wrw•rn.' Gross wag&s, salarl•s and benefits In kind EMoyer,S Nalonal InSUrar costs Ponslon costs Tot818t8ff 2024125 2023124 401 123 99 17 Av•rng• numb•r of full4lm• •qulvalont omploy•o• In th• y1 w•r•: 0.35 0.77 7. C•pltsl Commltm•nts and Contlnq•nt Ll•blllth• At the 3131 Augu3t 2025 Iher¥ 8r• no ¢8pltal c¥)mmltm8ntg. No Contirvdent IkgbS1111&9 worg Identifi¥d at 31$t August 2025. 8. For Inforni•tlon only, Mon•y r•c•lv•d and p••••d On to Ext•m•l trganl*atlon• 2024125 2023124 Bd•ne• brought forward from li¥t y1 OfferirvJslGifts- r8¢ald for Ext8mal Organisatbns 0ntvj$IGffts- passed to Extemal 0rg8ni8th.ons Balanc• rrf•d forward
Milton Keynes Methodist Circuit Year ending 31 August 2025 9. Tanglblg Flxgd A•¥gts Cost or valuation Payments on aecount and as8•ts undèr conotructlon Flxtur•s. fittings and 8qulpmont Land Mans•s bulldlngs Tot41 Balanc8 brou ht I{)rd 1365.000 Addlts'on8 Revalu8tk)ns Tr8n$lgrs' +l- Balanco carrled fward 1365 000 Accumul•t•d d•pMcb•tlon 8alanc8 brou ht I00rd 08preclatlon chorg8 for Ravaluotks +l- D18 Transfar8' 88L8nce carried lOard N•t book valu• Bro ht fOard C8ff*d forwar 10. IkW••tm•nt ••••ts Th8 clrcuit has no Inv8stment proFerts'es rhg ¢ir¢ult h8$ no ty)mmon Inv8stm8nt fund holdlngs 11. Loa The Circuit currently ha8 loarK8 12. R•lat•d party transactlon8 During the year £54,633 was paid to the Northampton MethcxYi8t Dk8trKt. 8 urcuit In whlch a Tr(tea of the Mllton Kèynas Circuit Is also a Trustee12023124.. £46,056).
Milton Keynes Melhcxyist Circuit Year endiw 315t August 2025 13. R•Str1¢t Funds Roc81Pts 8IFwd 1Sè 2024 Advanca nded Trdnsfers CFwd 31 A 2025 Mission in Bntsin World Mission Fund for Pro Fund for Prasbyters and Deacons All Wg Can oth&r 150 550 700 124 274 124 824 5SO Tho Clrcult malntsins th• following fijrs.. Ission in 8rit8ln. Cfver898s Mls8lon, Fund for Prwrty. Fund lor Presbytar8 ond D&aconB. All Wo Can- Monies cs)Il•cted from churches for onward transrni$$lon to 8pèdflc funds oper8tod by the Mèthodist Church al ¢onn8xlon81 l&vel Oth•r reprgsants GAYE paymants recelvad on bèhalf of Threuit chur¢h8s and th8 leaving glft lor a rgtlring rnlnistèr Loc81 Pmoch8rs Travel- Funds hel¢ (part ondowedl t¢ assist praach8r3 with travel oxp8ns88 or furthor trainlng expor098 Clrcull Model TN$t Fund- C8Pital tyglances 8¢crued from sale of K48thodi8t pr8mi8es. whlch can b• appll&J only a8 dlrKtad by th& M8thodl8t Conlor8nce 14. Gov•mlng do¢um•nt Th• govemlng do¢umenl lor th8 Clr¢utt18 the D88d ol Unlon119321 and Melhodl&t ChUh Ac*119761. 10
Mlllon Keyn8s M8thodlst Clrcult Year èndlng 31. August 2025 Achlevemènt and Pèrfom)an¢8 Roport Th8 Milton K•yn&s M8thodlst Clrcult h8S fJ)ntinuad to work dos&ty ¥th oth8r umenical partners in the area through Church&s T)•thar In Mllton K8ynès. The PUTP088 of the Circuit are.. To erKourage and suppcrt Ictal churcheB to best work out Ihelr SSIon indudlng svangellsm To particlpot• with 8cum&nical p8rtn•rs ln acts"vitk8s rdat8(I to Mlnon Kèyn&s and surroundir¥J area To coordinate worship and mlnisty acr088 th& Clrojit To fulfil th¥ $t8tutory quIremt8 of the Meth¢xlist Circult To on8ure that oui bullding8 aro 8af8 and apprcpriate for church and communlty u8e Wlthin these purposes our strategy for tho next flve years IncludeB gro, Justice See, inclu8Neno$8 mmUnIty eryJ8g8Thnt. In detemilning the 8trat8gy, th8 Tru8t•88 have had to regard the Charity Comrnl88ion'8 guld8n¢e on publ5¢ b•n8ft1. Th• Clr¢ull ¢onlnu•g to work ¢lOlY wbth the ¢hur¢h•s to pr•par• and motty rnuId-r rolllng budgets to 886ffjt in m8n8glng church and Clrcult re80ur¢e3. The Lurch88' Indlvldu81 A8808sTrnts aro Currently m88ts"rYJ co8ts. Tha CArcu4t18 180 working closely with th8 Local Ecurnenical Partnerships who fund a significant element of in¢tsm&. Hn9 undertsken extensive work on the man8es, the Circuit 18 wnlinuing its pro3r8mme of r•gular maint•nanL on thre ol the manses. On&18 surplus to requlrem8nts and18 due to be dlsposed of In te 2025. 11