REGISTERED CHARITY NUMBER 1138103 Re ort of the Trustees and Financial Statement for the Year ended 31 Au ust 2025 for n Methodist Circuit
Re ort of the Trustees The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of the Charities Act 2011 and the Charities 'Statement of Recommended Practice ISORPI 2015 ' as applicable to the Financial Reporting Standard in the UK and Republic of Ireland IFRS 1021 leffective from l January 20151. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1138103 Principal address Wigan Methodist Circuit Circuit Office Spencer Road Whitley Wigan WNI 2QR Trustees The members of the Circuit Meeting are the Charity Trustees. A full list of trustees is included in the financial statements. Accountant and Independent Examiner Arc Accountancy Solutions Limited 51 Laverton Road Lytham St. Annes FY8 IEN Advisers The charity's investment manaEers are TMCP, Central Buildings, Oldham Street, Manchester Ml IJQ. STRucfuRE, GOVERNANCE AND MANAGEMENT The following ministers arted throughout the year: Rev Peter Powers Rev Richard Towle Rev John Hilton Deacon Kathryn Lamb Deacon Clare Purfit Governing document The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. The charitable trust is constituted by the Deed of Union 1932, the Methodist Church Act 1976, is part of the Methodist Church of UK. The trustees listed have served throughout the year. Appointment of trustees is governed by the Methodist Church Act 1976. The Managing Trustees of Churches and the Circuit are empowered by our Standing Orders to appoint new trustees and to fill vacancies arising through resignation or death of an existing trustee. Circuit Managing Trustees have regular meetings where the Circuit's main
Re ort of the Trustees areas of activity and by extension the aims of the charity are discussed and agreed. The day to functioning of the circuit Is governed by Standing Orders as set out in the Constitution, Practice and Discipline of the Methodist Church. The charitable trust is registered with the Charity Commission. FINANCIAL REVIEW Reserves policy The Managing Trustees review the major risks which the charity face and consider that there are none which would stop the charity from maintaining its objects. Assessments from individual churches have been agreed for the forthcoming year. It is the policy of the charity to maintain unrestricted funds at a reasonable level to cover unforeseen expenses. This provides sufficient funds to cover management and administration and support costs for at least 6-months. Ministerial stipends remained at the same level. The Circuit continues, via grants and donations received, to support one Family Missioner who works with local churches in the circuit and community. Two manses Iupholland Road & Spencer Road) continue to be leased and produce a regular monthly income to the Circuit. Total assessment levied on the churches was £200,719. The overall net decrease in Circuit funds for the year was £130,075. The total income and expenditure account for the year is detailed in the financial statements. The total value of manse and church property decreased in the year by £200,000 due to the sale of Blackrod church. Income from lettings has not recovered to pre-pandemic levels and the need to support individual churches continued into this financial year. The trustees consider that the funds available are sufficient to permit the trust to continue in operation in the medium term, given the agreed assessments of the individual churches and the Connexional nature of its governance. Rlsk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Safeguarding The Circuit is committed to ensuring the implementation of the Connexional Safeguarding Policy, government legislation, guidance and safe practice in the circuit and in the churches. A training programme has enabled all members needing updating training and those needinE initial traininE to attend an appropriate session. Investment Powers The Methodist Church Act 1976 authorises the trustees to make and hold investments using the general and other funds of the charity, and such investments are presently held and shown within the financial statements at their current value.
Re ort of the Trustees OBJECTIVES AND ACTIVITIES The objectives and aims of the ManaginE Trustees are to oversee and further the work of the Methodist Church. To this end, those activities which come within the oversight of the Managing Trustees are to provide ministerial oversight, manage circuit property including manses, contribute, as agreed. to District and Connexional assessments and be mindful of development opportunities for the Circuit. In order to do this the Managing Trustees, raise assessments on individual Methodist Churches in the Wigan area in accordance with Standing Orders. They may also make grants to individual churche5 for property, Ministry and Mission as permitted and governed by the Standing Orders. The Managing Trustees believe that these activities and the church resources are for the public benefit as, through its work the Managing Trustees enable pastoral ministry, spiritual engagement and contribute to community development in the Wigan Area. The Managing Trustees have noted the Charity Commission's guidance on public benefit. ACHIEVEMENT AND PERFORMANCE The Wigan Circuit seeks to be a close union of its individual churches. Everyone connected with a church should expect to feel that they are an important part of the church family and be supported. Through our common faith in Christ we seek, in prayerful action, to share and spread the love of Jesus throughout the local and wider community. Opportunities for gathering as a circuit have increased during the year. As well as circuit worship and events, groups of churches in geographical proximity share worship regularly. The circuit continues to place an emphasis on training for mission. This includes training in Safeguarding, Equality, Diversity and Inclusion, and Unconscious Bias, that we may be a group of churches more able to serve our diverse communities. The twelve churches acr05S the circuit continue to serve their local communities through coffee mornings, luncheon clubs, toddlers, friendship groups, family support groups, crdft groups and book clubs, all reaching out into the community. We have strong links with the two Methodist/Anglican Schools in our circuit. The town Centre church works with the homeless and offers a food bank which is strongly supported by all the other circuit churches. Many church buildings are used on a regular basis for community activities by outside agencies including AEe Concern, Healthy Living, as well as the Redeemed Church of God, the Quakers, ACE, Different nurseries, they are also home for a number of scout and guide association groups. We continue to offer prayer space5 and warm place5 for anyone and are sUPPOrting local schools and families with food parcels and pastoral care as appropriate. A lot of the work in the circuit is done on a voluntary basis and includes that of Circuit and church officers, commissioned Lay Persons, Local Preachers and Worship Leaders, members and secretaries of all the church committees and those assisting in running children's work etc. Our financial management continues to be supported by Transforming Church and Communities organisation to manage day to day circuit finances, and with our accountant the circuit is able to monitor our financial activities effectively. From a financial perspective, the Managing Trustees consider that the performance of the charity this year has been satisfactory. Stipends and salaries have been covered, circuit property managed and kept in reasonable repair and external expenses covered. The circuit has completed the sale of Blackrod Church premises, which has supported the income and expenditure deficit during the year. The Circuit's four ordained staff continue to serve the twelve Local Churches.
Re ort of the Trustees STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees are responsible for preparing this report and the financial statements in accordance with applicable law and United Kingdom Accountin8 Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charitie5 in England and Wales, the Charities Act 2011, Charity IAccounts and Reportsl Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year. The statements must give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently- observe the methods and principles in the Charity SORP,. make judgements and estimates that are reasonable and prudent,. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the Clrcult Meetlng on 2310612026 and slgned on Its behalf by: Rev. Peter E. Powers Superintendent Minister Wigan Circuit
Re ort of the Trustees Appendix Managing Trustees 2024125 The trustees are the members of the Circuit Meeting as set out below as at 31 August 2025-. Circuit Staff Circuit Stewards Sec. of Circuit m Sec. of Preachers, meeting Circuit Treasurer Circuit Pro World Mission Fund MHA Revd Peter Powers,. Revd Richard Towle; Deacon Kath Lamb; Deacon Clare Purfit Mrs Olwen Calland- Mr John HuEhes- Mrs Ruth Ade-Hall Actin Sec Mrs Elaine Meehan Mr Ken Vernon Vacant Icircuit staff coverl Vacant Circuit staff cover Vacant Mrs Susan Foster Mrs Carol Littler Mrs Viv Lowe Treasurer. Steward + 2 re s from Church Councils Mrs Be l Bourne- Mr Allen Howarth.. Mrs nes Hou hton.. Denise Howarth Mrs Rosalind Smith- Mrs Jill Prosser,. Mr Alan Rob Mrs Liz Schofield Mrs Mar orie Johnson. Mrs Kathleen Lord. Mrs Mar aret Wri ht,. Mr David Lord Mrs Ruth Cha man. Mr Brian Seed. Mrs Vivienne Fletcher. Mr Ste hen Tebbit Dr John R lance,. Mrs Gill Harri50n,' Mr John Hu hes Mr Gary Calland.. Mrs Olwen Calland,. Mr Gary Waterworth Mr Eric Ashcroft- Mr Keith K naston,. Mrs Anne Finch- Mrs Elaine Waterworth Mr Sam Ocran.. Mrs Mar aret Parker- Miss Ruth Russell- Mrs Trish Green Mrs Elaine Ashcroft,. Mr Ton Bostock- Mrs Evel n Barrow,. Mrs Sue Roberts Mr Brian Kelly,. Mr Bryan Shepherd,. Mrs Mary Lloyd,. Mrs Carol Littler Mr Andrew Sharrock,. Mr James Porter,. Mr John Grayson,. Mr David Pilkington Mr Martin Ade-Hall,. Mrs Janet Thomas,. Mrs Ruth Ade-Hall,. Mrs Liz Maxwell Action for Children Circuit Safeguarding As Bis ham Clowes Crooke Goose Green Ince Orrell Post Queen's Hall Shevin on Spencer Road Standish The Vale
an Methodist Circuit Statement of Financial Activitie for the Year Ended 31 Au ust 2025 CirGuil Model Trust Designed General Fund (Unrestricted Fund$ Iunrestrictedl & Designatedl lunrestrictedl Restricted Funds Totsl 2024.25 Total 2023-24 Note Income 1 Donations and legacies 1,375 26,460 27,835 20,387 2 Incorne from monetsry investments 3 InoJrrÉ from investment propert8 4 Assessments on Churches 85 20,145 20,238 14,986 29,183 29,183 31,911 200,719 200,719 188,656 5 Capital ReTrip15 & Levy refund 141.462 141,461 447,884 e Grants reTrived 7 Other charitable intome 8 Transfer of account balantes from B12ckrod Church & Worsley Mesnes 6,230 12,000 18,230 22,668 14,375 9 Total Incomo 237 592 161 607 740 867 Expenditure Expenditure on charitable 10 Grants and donations 11 SIip8nds. salarS, NIC and pension costs 9,339 9,339 45,551 180,830 12,614 193,444 188,004 12 Property maintenance 59,278 59,278 86,629 13 Di5trictAsse55tnent & Levy 58,126 25.137 83,263 62,099 14 Purchase of propety 15 D&ptIatIOn 16 Offic. administration and travel expenses 19,675 1,468 21,143 18,467 17 Other outgoing8 18 Total charitable expendlture 19 Net income before invesiment losseslgains 20 GainsllLoss8sI on monetary investments 21 GainsllLoss881 on Investment propert18s revaluation and disposa18 22 Net incomellexpenditurel befor8 transfers 1,280 1,280 1,121 328 528 367 747 401 871 135002 606 338 996 14,3531 14,3531 108.109 135007 60 23 Transfers belween funds 75,000 175.0001 25 Reclassification of funds 1195.6471 1195,6471 1404,6731 26 Other gain8lllos8esl 27 Net rnovernent in funds 215936 606 130075 28 Funds brought forward 34,390 451,827 41,434 527,651 188,461 29 PrDperiy funds broughiforward 2,192,352 2.192.352 2.488.916 30Total Funds broughtforward 2 226 742 451 827 41434 2 720 003 2 677 377 3ITotslfvnd5 carried foard 2 010 806 2 589 928 2 720 003
an Methodist Circuit Balance Sheet forthe Year Ended 31 Au ust 2025 Gen8ral Fund IUThr8stricted Circuit Model Trusts (Unrestricted Designated Funds IUnre5trict8d Restrict? d Funds Totals 2025 Totals 2024 Designated) Flxed Ass8t8 Circuit Manses & E m8nl Inveslmènl Properties Ichurd) 1 338 020 1 338 020 1 338 020 200 000 Inveslmenl Properties (manse5 rented out 10 654 332 654 332 654 332 Totèi fixedassèts 1 992 352 1 992 352 2192352 Current Assets Debtors 3B 804 27 775 Investments with TMCP 1.366 511.634 182 513,382 453,309 Central Finants Board De osits 510 510 488 Cash al Bank and in hand 13500 26 460 40 846 71 354 Tolal cumtassets 511 834 26 552 926 Current liabiliti85 Creditors due in under 1 e8r Gran15 able within 2020-21 Total turrtrni iièbilities 25 275 Net currentassetslablI11Ies 511 834 597 576 527 651 Totsl 8ssels less cutyenl Il&bllllles 2010806 511 834 2 589 928 2 720 003 iongtsmi liabllklÈs due after morethan ono ar Grants able after 2019-19 Loans to the Circurt Netassets 2010806 511 834 2 589 928 2 720 003 d$ of t7 Cir¢uit General Fund Unr8strict8d Circuit Model Trust Fund Unrestricted 2010806 2.037 266 2 226 742 511 834 511 834 451 827 Desi naled Funds Unrestricted Total Unrestricted Funds 2 549 100 2 678 569 Restricted Funds 40,828 Endowment Funds Total Furjds 13 2010806 511 834 2 5B9 928 2 720 003
an Methodist Circuit Balance Sheet forthe Year Ended 31 Au ust 2025 2025 2024 ststemeni ofcash IIow5 Cash from operatlng actlvltle8 Net cash used in operating activitie5 1119,3521 1106,4611 Cash fl¢)ws fr¢)m investing activities Dividend8 and Interest from Investments 20,238 141.461 14,988 447,884 Net proceeds from the sale of tsngible fixed a55els Cash balance transferred from Blackrod Church Net Gash provided by investing aGtivities 161,699 462,870 Chango In cash and cash equlvalents In the year Cash and cash equivalents at the start ofthe year Cash and cash equivalents atthe end of the year 42,347 525.151 356,409 168.742 $67,498 525,151 2026 2024 Re¢on¢iliation of movement in fund$ to net ¢a5h flow from operating activities N8t Income for the period la8 per Stal8ment of Finanoal Adivilie81 Adjustments for.. Dividends and interes15 from investrnents 1130,0751 42,626 120,2381 4.353 114.9861 1108.1091 1447.8841 404.673 (Gains)083es on property revalu2tions and dispo8aL8 Capital receipts ReClassifition of propertyfuDds Inttsase in debtors 1141,4611 195.647 111,0291 116,5491 12.0901 19,309 IDecr8asellincreas& in creditors Totsl Ga5h generated from opernting oGtivities 1119,3521 1106,4611 2026 2024 Anatysis of cash and cash equivalent Trus18es for Methodist Church Purposes deposits Central Finance Board Deposits Cash at bank 513,382 510 453,309 488 53.606 71.354 Cash and cash equlvalents atthè end of the reportlng pèrlod $67,498 521,151
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 l Basis of accounting policies i Accounting stsndard The financial statements have been prepared in accordance with Accounting andReporting by Chorities.. StutementolRecommende<l Proctice {SORPI applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FR5 1021 (effective from l January 20151- (Charities SORP IFRS 10211. li Public benefit entity The Wigan Methodist Circuit meet5 the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical costs ortransaction value unless otherwise ststed in the relevant accounting policy notelsl below. iii Basis These actounts have been prepared on the basis of historical cost except that investments 3rÈ shown at their market valuÈ 8t the end of the year. The accruals basis has been used and trustees present accounts that show a true and fair view of the Circuit's financi31 position and iv Content The financial information presented is relevant, reliable, comparable and complete. Where estimates are used these are based on experience, research, and Judgement. The accounts are expressed In £ Sterlin& rounded to the nearest pound. v FRS102 SORP2015 The accounts have been prepared in accordance with applicable charity law In England this being the Charities Art 2011, The Charities (Accounts and Reports) Regulations 2008 5120081629 and Accounting and Reportine by ch8rities'. Statement of Recommended Practice1SORPI applic8ble to charities preparing their accounts in accord8nce wirh FRS 102. vi Going concern Based on the monetary assets and human resources available at 31 August 2025. the trustees believe that the Circuit is 8 going concern. vii Consolidation The Cirtuit has denominational regulatory oversight in respect of the work of the Churches within the Cirtuit but has no legal or operational tontrol of those Churthes and thÈir gtsverning bodies èxtept in extreme tirtumstantÈs. For this rèason, the finantial statements of Churthes within the Circuit are not con501idated into these financi31 statement5. viii Intome recognition Income is brought into account when there is entitlement and the amount Is reliably measurable once it is more likely th8n not that the economic benefit of the income will be forthcoming. Indlvidual 3mounrs categorlsed as Otherirtcome in the SOFA wlll be shown separately If they are considered materlal. The Circuit act5 a5 agent in two n13tter5'. the collection from Churche5 and payment over of their contributions to various funds controlled and administered byThe Methodist Church 'Connexional Funds" the administration (application, collection 3nd disbursement) of grants requested by Churche5 Within the Circuit from, but not limited to, the District and Connexion. In all these matters the transactions are not reflected in the SOFA because they are the income of either the Connexion or Churches as appropriate. Instead, the transactions are disclosed in the Note5 to the Accounts a5 required by SORP IFRS1021, module 19.12n. In accordance with the Charltles SORP IFRS 1021, the tlme of volunteers Is not recognlsed. If goods are donated, 8 value wlll be shown In the SOFA or Notes where the v31ue is considÈred material. ix Expenditure Thi5 is recognised when a liability is Incurred, or a constructive obligation arises, where the amount is reliably measurable and it is considered more likely than not that there will be an outflow of economic benefit. io
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 x Grants Grants made by the Circuit from its own funds are recognised in full at the time of agreement or when the Circuit accepts that there is a legal or oper8tional obligation to make the payment. When the gr8nt is recurrent over more th8n one year the b818nce payable in future years is treated as a provision for future commirments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with rhe originally agreed terms. xi VAT Since the Circuit 15 not VAT registered, Bll input VAT is charged with the expenses to which it refers. xii Critical accounting estimates and judgements In the application of the Charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the C8rrying amounts of 8ssets and liabilities that 8re not re8dily apparent from other sources. The estim8tes and associated assumptions are based on historical experience 8nd other factors that are considered relevant. Artual results may differ from these estimates. The estimates and underlying 8ssumptions are reviewed on an ongoing b85iS. The trustees have made judgements and estimatÈs in rÈspÈrt of.- the fair value of Investment properties shown at falr v31ue. The trustees have dÈtermined that any dIrnt@S arising between attual amounts realised upon sale and hir valuÈ estimates will have no impact on the Circuit's bility to tontinue as 8 going concÈrn. xiii Change in accounting policy and valuation estimates During the year, the Circuit changed it5 accounting policy for functional land and buildings (manses occupied by ministers) from the rev8luètion model to the cost model. As permitted by FRS 102, the Circuit has elected to treat the carrying value of these èssets as at 31 August 2024 as thelr deemed cost. This ch8nge has been made to provide 8 more stable and proportlon8te representation of rhe Circuit's operètlonal assets. There is no Imp3tt on the tot31 funds brought forward, and prior year figures have not been restated as the transition uses the carrying amount Additionally, the trustees have refinÈd the method usÈd to determine the fair value of investment properties. Moving away from a proxy based on insurance valuations. the fair value is now determined by rÈferÈnce to observable market eviden¢e of local property prices. This chante in estimate has bÈen applied prospectively and hÈs no impatt on the opening fund balances. xlv Tanglble flxed assets These are pItalISed if rhey can be used for more than one ye8r, and individually cost at least £250. The Circuit has elected to treat the carrying value of functional13nd and buildings (occupied manses) as at 31 August 2024 as deemÈd cost, as permitted by FRS 102. These assets are not subsequently revalued. No depreciation is provided as the Trustees consider rhe residual value to bÈ 8t lÈast equal to thÈ carrying valuÈ. ThÈ 8ssÈts are reviÈwed 8nnu8lly for impairment. x¥ {al Investment Propertles From time to time the Circuit may hold residential property (formerly mansesl which 15 surplus to its normal stsffing requirement5. When the intention is to hold the property for capital appreciation or its rental income, the property 15 classified as investment property and carried at fair value. The fair value of the manses and church buildings includes the land on which they are built, and their Internal contents. The trustees determine fair value by reference to market evidence of local property prices. Revaluation gains or losses are recognised through the Ststement of Financial Activities. Churches which 8re closed 8re transferred into the care of the Circuit from the Methodist Church and 8re v81ued at a deemed cost b8sed Dn the valuation of an external valuer. x¥ {bl Investments The Circuit's investments are in monetary a55ets classified as basic financial instrument5 under FR5102 and are held by the Trustees for Methodist Church Purpose5 ITMCPI as custodian trustees. The valuations, at market value, are those provided byTMCP. The unrealised gains arising on Investments are shown in the SOFA. li
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 xvl Debtors and Prepayments Debtors are ststed 4t the amounts owed to the Circuit or prepaid. xvii Creditors and Accruals Creditors are initially recognised at settlement amount after any trade discounts, orthe amount advanced to the Circuit. CdItorS include both sundry expenses and specifically the 1st quarter a55e55ment received in August. xviii Ministers. manse costs The Cirtuit is required to provide atcommodation for each ministÈr in the Circuit and their familiès and this is sÈen as 8 benefit to the Cirtuit. Mini5ter5 are expected to occupythe tnan5e provided for thern. The Circuit bear5 the c05t of repair5, rn4intenance, buildings insurance, Council Tax and water charges. These figure5 are not separately disc105ed a5 benefits-in-kind for ministers os HMRC does not seek to tax these receipt5 in the hands of min5ter5. 2. Capital Receipts There was one closed church sold durlng the year 2024-25. Blackrod. All sales of Methodlst property are subjett to 8 levy by the Connexlon c3lculated on a sliding sc31e based on the gr055 sale price. The figure is shown net of this CPF Levy. The carrying amount of the as5et5 ha5 then been deducted from the procÈeds of sale. Circuit Model Trust IUnrestrict8d D95ignatsd Funds unrestricted General Fund Unrestricted Restricted Funds Total 2024-25 Gross sak Blackrod 195647 195647 CPF Lev on ro ert sales 54.259 54.259 Totsl There were three closed churches sold during the prior year 2023-24, shown in the table below. Gidlow, Trinity and Worsley Mesnes. Circuit Model Trust Unrestricted Designated Funds unrestriGted General Fund Unrestricted RestriGted Funds Total 2023.24 Gross sa 189.893 189893 CPF Lev on ro ert sales Gross sa Mesnes 214 780 214 780 CPF Lev on ro Gross s2 Gidlow 221 801 221 801 CPF Lev on ro ert sales Totsi 12
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 3. Other charltable Income Clrcult Model Trust (Unrestricted G8n8ral Fund IUnr88trictsd Restrlctsd Funds Total 2024-25 Total 2023-24 La ork8r sala recha 8S Pension reserve refund Youth and childrens work layworker salary rech8 es 5,000 12.000 Total Prlor year comparatlves analysls for Other Income Clrcult Model Trust (Unrestricted General Fund Iunrestricted Restricted Funds Totsi 2023-24 Total 2022-23 La rker sala recha es 5668 5688 6162 Pension reserve refund Youth 2nd childrens work layworker salary reeha es 5,000 12.000 Total 4. Stsff Costs Staff Costs pald Ilurfng the year were.. Ministers tru$teÈs 2024125 2023124 ends salaries and benefi'ts in kind Soa818ecurit 128010 163162 costs 874 Pension costs renlitrshi Total staff costs 640 126 766 721 167292 Expènses (Travel. accommodation and other expens&s Inrred In the nomal tourse of em lo ment 8294 Avera e number of fUll-tiff e uivalent em 88s in the ar wer&." No employee received remuneration amounting to more than £60,000 in either year. Wages and salary costs includes £nil In respect of redundancy payments in 202512024.. £nill. 13
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 5. Trustees, remuneratlon and expenses 2024125 2023124 Payments made to trustees for additional Services provided to the reement with the Circuit Meetin Number of trustees who were aid ex enses relatin Total amount There were no tru5tees' rernuneration or other benefit5 for the ye3r ended 31 August 2025 or the year ended 31 August 2024 other than that aid to mini5ter5 and la staff in the norrnal course of their duties and disclosed above. to trustee duties 6. Fees for examination or audit of the accounts 2024125 2023124 Independent examiner's or auditor5, fees for reporting On the account5 Other fees leg-. advice, accountancy servicesl paid to the independent ÉxaminÈr or auditor Total 1,500 1,400 1,500 LAoo 7. Property DisposalslRevaluations The net gains or losses are detailed below. During the year and in accordance with note l.xv lal the investment properties have been revalued to fair value determined by the trustees. Details 2023-24 Fair Value Sale 2024-25 Fair Value GHin/l10551 U holland Road- encer Road- unreali5ed Blackrod unrealised Total 258 460 395.872 200,000 854.312 258 460 395 872 195,647 195.547 4,353 4.153 654.332 8. Reclassificatlon of Funds Circuit property is always c8rried in the General Fund but upon sale the net proceeds 8re processed through the Circuit Model Trust Fund. This requires an adjustment and any such Sales during the year Bre reflected below at the gros5 s3le price. No property W45 501d in the prioryear. Clrcult Model Trust IUnre8trlcted Gera1 Fund IUnr8Strlcted Restrlcted Funds Total 2024-25 Total 2023-24 Sale of Bkd(rod 195647 195647 Sale of Trini church 189893 Sale of Worsle Menses 214 780 Total 195 647 195 647 14
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 9. Fixed Assets Manses occupled by mlnlsters Total Deemed cost Balance brought fOard 1 338 020 1 338 020 A(Iditions Revaluations l+l-I Disposals l-l Transf&rs" l*l_I Balantr carried foward 1338.020 1.338.020 AGcurnulated depreciation Balante brought foward Depreciation charge for year Revaluations l+l-I Disposals l-l Transfers. 1+1.) Balance carried fotward Net book valu8 Brought fotward 1 338 020 Carried forward 1 338.020 1 338,020 Functional propertie51rn3nses occupied by ministersl are now held at deetned cost following a ch3nge in accounting policy15ee Note I xiii & xiv 10. Investment Properties Church buildings (held as Investmen Man$es (held as Investmen propèrties) properties) Total Fair Value 8alanfÈ broughtforward 654 332 200 000 854 332 Addrtions Revaluations l+l-I Disposals l_l 200 000 200 000 Transfers. l+l_I Balane8 carried forward 654 332 Brought forward 200 000 854 332 Carried forward 654 332 15
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 11. Analysls of debtors 2024125 2023124 Due within one Trade debtors Pre ments and accrued income Total 38,804 Z7,775 12. Analysis of creditors 2024125 2023124 Trade Creditor5 Other Creditors Pre aid Assessments Total 2,484 21,258 13. Det3iled analysis of individual fund movements Unrestricted Funds Unrestrict8 d Fund Name Opening Balancg Incoming Resource Resources Expended Transfers & Reclassificatio Gainlllosses Closing Balance Purpose of the fund General 2,226,742 237.592 1328,5281 1120,6471 14,3531 2,010,806 The general purpose5 of the Circuit Model Trust Fund lunr8Strict8d 314,747 161.607 126,6051 175,0001 374,754 Support for the mission of the Cirtuit Mo(lel Trust Fund desi Wilton Legacy Idesignaledl 137.080 137.080 Designated for maintenantè Wotk at entsr Road Designated for youth ministry across the nated 26.460 26,460 Ince Melhodisl ChurGh Tota15 2.678,569 425.659 1355,1331 1195,6471 14.3481 2,549,100 Restricted Funds Restricted Fund Name Opening Balance Ineoming Resourc85 Resources Exp8nded Transfers Closing Balance Purpose of th8 fund Aspull School 174 182 Support for Aspull School Childrens & Youth Work 22.273 12,000 112,6141 21,659 Available forfunding outrÈach and developmènt work focussed on chIldn and youth Restricted for the tnainlenance of Glosed ¢hurthes priorto repurposing or $3le John T8PP Bl8ckrod 18.987 18,987 Totsls 41.434 12,008 112,6141 40,828 16
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 13. Detailed analysis of individual fund movements {continued) Prior year comparatives for detailed analysis of individual fund movements Unrestricted Funds V0re5tricts d Fund Name Opening Balanre Incorning ResourGe Resource5 Expended Transfers & ReGlas5ifiGatio Gainll10s5es C105ing BalanGe Purpose of the fund General 2.509,975 222.713 101.755 1296.5641 2,226,742 The gener81 purposes of the Circuit Model Trust Fund lunrestricted 155,585 310.690 130,7221 1121,0001 194 314,747 Support for th& mission of th8 Circurt Model Trust Fund Idesignatedl 157.080 120,0001 137,080 Design2ted for the mainten8n of closed churches prior to repurposing or sa Design8ted for the mainten8n of closed churches prior to osin ors8 Designated - Closed ChurchÈ8 18.375 126,5871 19.245 Totals 2.854,527 708.858 1388,4461 1296.3701 2,878,569 Restricted Funds Restricted Fund Name Opening Balance Incoming Resources Resources Expended Transfers losing Balance Purpose of the fund Aspull School 165 174 Support for A5puII School Childrens & Youth Wo 22.685 12,000 112,4121 22,273 Avai18ble for funding outreach and development work focussed on children 8nd youth Restritted for th& maintenance of closed churches prior to r8purposing or sal& John Tapp Blackrod 20,000 18,987 Tota15 22.850 32,009 113,4251 41,434 17
an Methodist Circuit Notes to the Accounts forthe Year Ended 31 Au ust 2025 14. Analysis of net assets between funds Fund b313nces at 31 August 2025 arÈ represented by". Circuit Model Trust (Unrestricted General Fund Iunrestricted Designated Funds Restricted Total Tan ible fixed assets 1992 352 1992 352 Current a55ets 511 834 606 302 Total 2010806 511834 2 589 928 15. Relatsd party transactions During the year the Circuit received assessment income totslling £200,71912024'. £188,656) from the various churches within the Circuit. The Circuit also Incurred assessment costs of £83,26312024.' £62,099) p8y8ble to the Distrirt. 18
Re rt of the Inde endent Exami n Methodist Ciicuit I report to ihe th)rtty tru5tee5 on my examlnatlon of the accounts ol Wi8an Methoditt Cirtuit for the year ended 31 August 2tk25 whlch are Set out on pages 7-18. R•sponslbMlllesand b•lsd r¢pvrt As the Chartty's trustees you are resw)nb1e for the preparatlon of the accounts In accordancewbth the wuirements of the Charit3 Act20111'the Arfl. Feport in re4)ert ¢Jf tny mINatIon of the charftys accounts carrfed out under sectlon 145 of the Act and in carryin8 out my Èyamination I havg. fDllowÉd all thg ApplieAbk) D5rertiotyg bythe Chartycommission lindèr sectton 14515llbl of thé Act. Independentexamlnw's smement I have eompl¢t¢d my ¢xÈrnlrt•tiort. l ¢orfrrTr thot no materfal matter5 have Cle to my attenyon In connection with the ÈNAmlnatlon which glves me cause to bell&thatkn anymaterkil respett: accounting records We not kept in respect of the tharltyas requlred by secty.on 130 of the Act. or the1CUnts do not attord withthose records., or the atcounts dg not cornply wlth the appllcable requlrements con£emln8 the form and ¢tent of a£(ots set out In the Charities IAccounts and Reports) Regulations 20D8 otherthan any requ1rernentthatt acCntsl¥e a'trueand fair vlew. which i rlrt a mattèrcrnsidered ag part o+an indÈpÈndènt ÈyAmihation. I have no concerns and have come acrogs no other rnatters In connectlon wbth the exarnlnatlon tt) whlth attentEon Should be drawn In this rcpvrtin ordcrto cnae a proper understandl*)6 ofthÈ 0¢egUntsto b¢ reo¢hed. Leanne Nield ACA Arc Accountancy Solutions knmÉtÈd 51 La¥erron Road Lytham St. Ar¢nes LanGaShl FY8 IEN Date.. 19