REGISTERED CHARifrf NUMBER: 1139890 REPORT OF THE TRUSTEES AND FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31 AUGUST 2025 FOR NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT J(knson Tidsal Limiled Chte Accountants & statutory 81 Burton Road C)wbyshre CE1 1TJ
NOThINGHAM TRENT VALLEY METHODIST CIRCUIT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 R•port ofthe Trutws 1 to 8 R•port ofthe Indepwd•ntAuit4)rn 9 10 11 St•t•hMDt of Flnanclal A¢thltt•6 12 8alanc• Sh••t 13 Cash Flow Stst4mont 14 Not•s to th• C••h Fkn¥ Ststsm• 15 Not•8 to th• Hnan¢lal St•t•m•nts 16 lo ZJ
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR EMDED 31 AUGUST 2025
Tho IWSt•as present their report wth the fmwal lh• tharity f the year entsy 31 Atyjust 2025. The
t••s have a(W the prows)ns of Ac¢tyJnlw¥J and Rerrfry by Chan5 sta1wnl of R8conThnded Practi8
aF)lICab to charites pr•parin9 Iheir a¢counts in arxwdwc titb th• Fartl Raportry Stan¢Jard apOlcab in th• UK
and RewNi¢ ol Ireland IFRS 1021 leffedive 1 Jarrfwy 20191.
OBJECTIVES AND ACTIVITIES
In seth'ng our objeciivts and plannir¥ our the Cwujit MeetThJ convws Ihree trn a year. ha5 gwen careful
considerath?n to the Charrty CommissKMts' g•neial on p1 betfft and. Partm&r. tu its supplenY•nlary
public benefrt 9uklance on aJvan¢sng our
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 ACHIEVEMENTS ANO PERFORIAANCE Tho Cirtsjit Siaff ths year has ¢onsi5ted of4 ftdl staff - ts r•OJc•d to 3 in Apn"12025 Vve no knger employ a Lay Chaain to work alrywjshya thè orrlained thatA•"n at the universits.es but hoFe to (hj so again in rnar futu. also employ a urcuit administration mager. We a ¢uitA)ntt Tho aroJit is register•d as an Eco cxcuit. FNe 1ndpilJ thyr¢hes aw ntw regt. Ihree havè athiwed Bronze $talu5. on8 ha$ ¥ch¥•d S4knr Siabts and is aThiThJ for Gokl. Some churches Offèr worshy via l or repyded trnhp. In the cirruil provth weekty M4ne worship SuTrJay ovenings. Th• twtiJit wtinued th) lease manse al Er¥Jskngh Gathns kn a cl Syrian relugees. During the year ¢hurchB5 acrw tlp (arwbt have offered WFP)rt to ar1$r n••ds Mi their thal ¢Unl8S, e.g. thiough offering wami spaces. lurthes, aTrJ fo(x1bdnks. Spirilual, and maltiia sFtyyt b ftjeS s8ekwwJ ar¥J wied leave tg slay continu•s to bt given by vari¢xts chw¢hes. Support wKIKle$ ¢lothry. •s$Wrti tra. rthrs. bwdes. provisron of Bibles. Suitcases aThJ houng deposit5 have teen g¥tn to thos• nkni¥vJ ¢yth hrAets. English Cla5Sè5 take place at Tolon Church and Bib fellowshps havg in the hotd$. has bEen rnaintawl with thos• moving to c4her Pa ol counlry. Many members aU¢XS thè clwrches a inv ttms in a volurlw pacity. Trinty Church aryloys a part-trn lay worker with fi11 ¥UPFM. Beeston Methodkt Churth c11Th? wilh ¢jeVeknt th 19 offer 21$1 Céntury premise8 for G¢KI¥ woth in the mmunty. Woth on the spire was c(X7)pleted lasl wr. otractorS cOntse workij on the rernaiThlèr of th gvelopnent with wcrf5hip now lirw tho sch00kn. Endre during the year and ¢cffjmitt8d èxpenditure as at Ihe yoar ermj lotalled £1,463.LW. ¢ir¢vifs principal sourc8 of inccffie is ts ass•ssmwi rawf Ircdn 9 clr¢he5 in Ihe Qrcuil E8L ehur¢h ctsntributs¥ to a$$m6nt in prCwI trj its in¢(r• athj memtwship. Th8 ¢iu main iteftK8 of thè s1i)ends of ts wesl)ykns and dexon. expenses Incurr in the rninvstry, and the maintenance and Olhtf èxpenses oflhe mws where th&y livè. The increase in stipgnds in the fnaMal y•ar wrds aFvo¥Bd at the Melhoth51 16% 01 exsxnditure Circuit contributim to the Distnct and of a s¥Jnrfant p•t is tr) fuThY Ihe worft ol th? wider MWhti¢list Chuh. Moni&s have r#is•J by 1gHry mms church over recert y•ars. Th• Circuit Leadership tearn have tlevebped a MI0 kn'cffl Fd wth Ihe folkM"TvJ purp). Investrwt personal. prciects oi bud(Sing that is exF¢d to to gruwN new Christsans andlor nèw Mthodi$t membe Investment ) budding works towards Melhodkst Churth's god ol nat-zero emissions. Investrnent in the improvemenl andlor replacemw)i ofman5e5, Wfmk trmards N•12èro 1$8. . Gts have been ven to Chur5 lo ass*1 1h Ihan Ll5u P¥2
NOTTINGHAM TRENT VALLEY PAETHODIST CIRCUIT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 FIIIAWCIAL REVIEW Re80The• polky The TrseNes policy for th• uNe51ncted gewal fund B lo hokl a minim of one qts¥tets woth èath of sli)ends, th5tiict assessment and Ma related costs ol inwr3rr, CO1 tsx and water, plus one quart•f$ transfer to Ihe manse maintenance ac£ount Thi$ OILY based inth¥u#l thurches havin9 a teserves '¢Y eguwaKnt to th8 6-monlh $ugge5t•d by the Connexm and three qu of them mO•tsThJ thi8 requirement. The reseNes poly of Ihe mansè rnainteThar 15 to a fftrwnum tsf3 rrth$ of wu6arannLHI exFendilwe. ottr deshJnated lumjs hav• no reser pohcy as funds wed for approv purposes unbl thèy are Èxhausted. Thè trustee$ are m#Nllul olthw"r respJnskn"Msto us• with SXan(liTrJ Ofd•rs. The rgserves hdd at énd ofthe yearwe as fc4cME". untricted fwKIs General Fuftd Circuit Mod81 Twst FuTrJ i Total unT•str18d funds | DeswJnated funds Tr•nity lund .. Totsl desonat•d fund8 Reslrided fvkKIs Ch¥aincy Fund ' Total reslricled fvnds Total funds Total undesty3nated and unrestrided fwds Less." Inv8St8d in mar 1.286.261 1..012 26.714 714 2.879,969 2.853.255 1.730. 1.123.159 ,. Uncommittèd reserves. wdily avaiL PAY AND REIAUMERATION The orcuit paid stip¢Trts for four Minisrs for partof the year. r1¢9 thr•• in April 2025. l Minrtsters am r•quired by Ihe coTr$titutM)n of the b• iruslo•s oflhe charity. l the Minisr•rs also seNed as I[tee$." Ihey [1 re1 Y rwTrjMi0n for beirJ trusts. authorrty lor lh• to pay the slwnd5 01 Minisigrs and the salar$ ot Lay Errfjknyees ar• also tru¥tee$ rtained in ts g¢)v•mir¥J docJThnt GOING CONCERN The trustees havo r•v•Md Ihe cUMS of th8 orcuit and ¢onsid&r that adequate assets aNI resourtss continue to be avalable to lund its actNities lor 1h• Sjweseeable futwe. trustees teheve Ihal Ih•y havo put Surtabk mea5ure5 In plac8 to ensure Ihat thtr thwity rmtinue tts OFWat8 aTJ devebp its ath"¥eS. The tnffjtees ther•lor• b•heve that the preParats" ol Ihe annual report and on a gory bas 15 arwpwte Page 3
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 AUGUST 2025 SAFEGUARDtt Every person has a v4ue arKI dignity whKh c(Aiw direclly from thè crgatw)n of mak and ferna in God s own image and likeness. Christians see Ihis Potenlial a5 frjfiled by Gc¥ls us in thisl Arnong ojhw thir this inp15 8 duty lo value all FtsP as be2Th)9 the wna3e of Gcl a1 Iher&for• to proted fr(m ham. Methcrfjisi Connexional pre ouUine5 ccffimthwnt to the foJltring F.. The rxe and nurture of. and resp pastal rrirwsby wikn. allchilkn. yourJ per•). and adults. The saf•guar(krg and prot•a¥)n aH c1mk1ll. ywrrfJ p•opl•, and a(hAls when tlw are yurable. The establtshirvj ol sale, caring Cc•Tr7NJ which wovwje a énvirorffient lTrwe is informed vigilanc• a$ to the dangtrrs of abuse. We will carefrdy seled al tIKe itrwn th• church, in * wrth Safer Recruitment prinap. MKludirg th• us• of crwninl di5d05ur8s * re9iStratth ith tho levant barring We 11 re5poTrJ without dday to 4ry swts an lt. thld. or yourYJ pwson may have been CODpefatiThJ wAth )d aUtlty in any inv•strJation. We will seèk to work wrth •)y(YE who has $e abjsè, them an appwriate mhiistry of infom)ed pastc¥al care. will seek tD chaIr¥Je ofF¥Y, especaa4T by anyo in a posilw ofwtssl. We w11 seek to offer pastty ahd supprt su{wi5n arJ r8f8rral to Ihe proper aulhorities, to any rMrnbe oltht thurth ec¢Nnunfy known to ha offeThJed a chikl. young Fef8on, or VUb)erab adutt. . In ¥1 th•s• F¥iKiF4es lolkyATIESV51abM. arJ rec•gn¢•J gc4)d prre. Tho Nottinghaffl Trent Valkny ¢1 Commits itseff to ensuring the lmpkrnentslK ol Saf•guadry PrArty. sMTht leglti. guwjance. and s• practic8 in th? c1rt aThJ in d¥Jrche5. the wovision ofswort advre aThY traw)¥¥J fof lay ordd [(¢) that ensure are clear aNI confidenl their 10$ and SpOnbIls in saleguardiTrJ and w•Watè ofchldren and lUN5 who may be vvlnwaile. STRUCTURE, GOVERNANCE AND MAIIAGEIENT Govemlng do¢urnont charty i8 contrglkd by ts YO[¥j doarynt. a Int cblu an unir4rpcrted tharty. The gDvemiry dcrument lor CJ"IfA•I VJ th• D••J of UnKffl119321 aTrJ MethcJBt Cr¢hA¢t(lg7s). Deta go¥eM arraThJements are ¢xrtW wmlwn the Prncits and ofthe Methodist Church ICPOI by or¢kr dthe annual Melhodist C(Mnce. Day to day management of the Circurt Is uThltsken ty Ihe QrrAMt Leadernhw t•am made ofthe Circurt Msnis18Tr the Cirturt Stewards. the Circurt Accountant, Ihe C"Kctyl AthrM5trator The of the Noltingham and Derby Ieth)dl D[1 8TrJ is xcountthi to the I C4)nf The following chur¢lws •rn p•rt ofthe Cwcuit Beeston Methodist Chuf¢h, 88eston aston m9th0dl Churth, Br•aston Chrtsl Church Melhodis¢ Church. LorwJ Eaton Mgtfv)dist Church. Wollaton KingSWDod Melhosist Chur¢h. WcAlaton Sandiacre M#ihtsJist Church. S2ThJi Staplef0 M8thodist Crch. Slapklord Tolon Methodist Church, To& Trinty Methodkst Ctsjrch. Long Eats
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 REFERENCE AND AfMthNISTRATIVE DETALS Regl8i¢v¢d Charlty numb¢r 1139830. re9iSter•d in En9laTrJ atKI 1#1&5 Prin¢Sp•l addm staple1d Meihothst Church 40 Eat+Jns Ro>J Stapknford Nottiiw¥)anhire NG9 7EA Circult Mlnl•tsn and off0 Re¥d m¢¢, Supennkntsnl lni5ter lfrm) 1st Sepmb•r20231 Revd Andrew c lfrom 1st Sepknter 20231 | Revd. Amohl Oixon IloA¥l 2W251 Ctacon S4n Street Cirojrf Stewards . knn Sarnltrs s Tanya c¢ Steprt P 5 Glenda Tayk Ex. Offick).. Mr Jthn Vtdon cir11 JIKe Ctrorrpon Mr. Jcknn HMIs( ,, AdmiThstrat•Jn M8n Mr5. Cheryl NIh lo S8pknrfW24 Mrs Hen Ltr•MthG•ary lfrun No¥erttt 3)24) Ntrs. Mannah Knighton was ¢traCtsd as CiTciMiAc¢ounlanl to Jwe 25 trs NariNJer Kaui contraded as C1Ul1 Aecountt from Jw 2025 Methodk¥t minrsters are its the Q"ruMt by Corrferw. Cw¢ut offickq15 are wtynt•d by lh8 Circuit Me&twrfJ Ireffi rne[rs ol ¢hwche5 wrth tIE Q"ro•t Al I¢LkSlJ•S t¢ membw5 Df the Methodk81 ChJrch. F1 memb•rship i8 shown In AprtryJ"x A to Ihi$ repcwl Page 5
NOTTINGHAM TRENT VALLEY METHODIST CIRCUtt REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 8ank•r4 CAF Bank Lbj 25 Kings Hill AveTh "ngs Hill IN•si Mallirg Kent ME194Ja Centra Finance Boa 9 BonMI Street Londc EC2A 4PE AuditOVS Johnson Tidsall Limrted Chartered Ac¢ounknts & Slat¥lory A1rtOr 81 Burton Ro•J D•rby O•fbyshire DE1 1TJ Payrtsll SeICe$ Taxabon Sti[Ces Ltd 4 Cross Slreet 8egSton Nottin9ham NG9 2NX Page 6
NOTTINGHAM TRENT VALLEY METHODLST CIRCUIT REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 AUGUST 2025 STATEMENT OF TRUSTEES. RESP014SI81TEs The tru5t88s ar8 reSb for preparhng Ihe ReFQrt of the TteeS and the financial stalements in accordanLE wlh aFplica>le Iw and Vnited KJrvJdom AccountThJ StarSwd5 IUThted Kmgthjm GWra Accd AC"rj Praeb¢81. Charty law requi$ the tn¢lees lo (¥ewe fi[wla1 stakn15 fL¥ eath finarK4al y8ar UTrJgr law. Ihe Ifustees have eleclwj to prepare the finanual 51atfjm8nts accordanTr Unrtod KInrn Greraty AePts Aco)untiN4 PradKe Iunited Kin¥JomAttourttiNd Standards and aPptab lawl. Undw d)arity Lv the trustees nwst not approve the fiTranThal slatements u$ a safjsfied thal they gNe a true and fair VIEW of the State of alf3irs 01 Ihe ch• of the IrOrning resources * aFPltIOn of resour. incJL¥Jing th• inc¢Th ar¥J expendrtufy. ol chatty lor Ihat PUKrfI. In those finarwl slatn?s. the tsustees are fequirnd to sel•¢l acc(wffjts"NJ pc1•$ It observe Ihe ffthods and prw5 in Charits SORP.. make I8ments and eslwnates that are reasonable [Trt". state wlthw applicabkn accouniivJ standwds lolkr•rnd, SL11 to ary malenal departu disd088d and explaird in th• siat•Mts.. ppare lh fmanoal slatW7Yts on tr gcry wless rt ¥ inapprow•ts lo that chanty will con1& in business. The trvstets ar• r•srywbk• lor k8•piwJ FY0r ac¢w)lry mctyds Osclos• 7rrith r•asonabt• acoJra¢y at any lrn the finanual posil¥)n Ihe thanty and to enabbe them to enswe that tt f¥wal stat•)nts rA)mpty th Chaiits Act 2011 and Th8 Chaiity lknwnts aTrJ Report51 Reyulations 2008 Tlw aL%o resp(ffib lor safeguardiNJ the sw5 of Ihg ¢ho1ity and heno for takwwJ weasonabl8 St8rA for Ihè and d8teclim of frawj othèr irreguLqrilies. Training in lh• Orintste is olFw•d al ntrUs1$ St aftw Ilw apF4)ukn•nt. Twsteos. Ann Report was akvo¥ed by Ileethr*J on ....... ....... ..... Straned on teholl of ts ChanVs TnBtees". R•v Tony Malcolm Superintendenl minislef Senior Cirojit Steward AW P•9• 7
NOINGHAm TRENT VALLEY METHODIST CIRCUIT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2025 Cli#t Church IA•thodlBt Chur¢h Mr. Da¥ Br¢>wn M5. Suzanne Browm Mb55 Pauh"ne BuntiThJ Ms. jOhOn Rev Tony Makolm. SyMteThJeTrt Rev Andrew chkleY Rgv Amokl Dixon Ito 20251 Osa¢on Sian Street Grany•wood PAothodlBt Chl¢h MrAnty Hw# Mrs BTra Bak1Lxk Ifrtffi Wt 20241 Mrs Pam Grayling (from Jun• 20251 Mr5 GIMian Watts Ifwom JLme 20251 Mr Martffi Sykes Rev Stuart Bell Rev Susan Hr Rev Judi Smwt Rev A910n Trobiwi (to Jan 20251 Circult Si•ward• Mrs Ann Sanders Mrs Tanya C¢x Stephen Pid(enr¥J Mrs Glenda Taylor Ex. Olf¢io"_ Mr John Wa King8wood Methothst¢huh Mr5. Tanya Cook Mr. John Mastyn Rob Ceursmont Lyn Nelx I Bosto Clrcuft Officer Mr John Hirthn Mr. Ray Howard Mrs Heather Ro Mrs Daphne Bal Mrs Tw Shaw Hannah Knthton Ito Jun¢ 251 Dr Paula Dawson Sandl•¢rn IA•thodl•i Chur¢h Mts. Lyn Hay•s Mts. Pat Mts Mi. John Wc Mrs Hn Newh Stspl•ford Il•thodl•t Chur¢h Mr5. Daphne Bal Mrs. J•an Trn•man IArs Doroihy T•W•y 8•uton M•thodhtChyrch Mi Tony Beardsa4 Mr Makolrn Mr Ray Howa Mr. Andrvw Taylor r Davrtl Lowe Ilo Sept 20 Toton IA•thodht¢hw¢h M$. Judrth Coomb•r Mfs Hlary Cra Brna8ton MothodbtChI¢h Mr5. Nancy PhJnThr Mrs Margaret Stor Mrs Gil Stsr Trnity hl•thodistChur¢h Mfs Tw Bi¥ Mrs Sue Br Mr. Rh Hindson Mr Cokn Jones lfrfm Sepl 3)241 Pty•8
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT Oplnlon We have auditeol Ihe finaa5 Statents of NollwthJn TnI Vky Methcxjst CUlt Ilhe'chaity'i for the year ended 31 Awjust 2025 whth thè Skiémènl ol FinancMI Athtss. the BalarKe Sh88t. Ihe Cash R¢)w Slatemenl aThJ notes to the fmancial si•ments. incknng a of $19nrftart accountirrfJ polic4e5 The financial report9 framew¢)rf¢ that has teen aFpIEd rs awicth and Un1tod kngdom AntIng StanLlards Iunited Geralty Accepted AccnI Pwlrel. In our opinKJn Ihe finanoal stamèrts' ve o and fair of th8 stat• ol lh• diws affan as at 31 Au91>)25 and ol ts inccrfning re3ourc•s aThY appKatson of reswrces. Ihe year then ded. . hav• ort propwty prepaied acUrdan wrth Uniw Gener• AcLeptwl Amintry PrxtKe.' and hav• b8•n W•par In accordan wth Ihe of11 chart5 Act 2011 B•¥S• for oplnh)n W• eondueted our a[dan wth International stard5 on Aalling IUKI {ISAs {UKII and law. Our r8sponsi)ilk88 under Ilk)88 Standards a ¢Jp5crthd in ih? Audito. iesponstjthb.es the autht of the financkql statements secbon of our reF4)rt. th a 1rnlepenM ell charty in act¢darKe with the ethical requirements that are relevant to our aj11 of Ihe fin0a1 5taterrtsnts in Ihe VK. In(ry FRCS Elhal Stsnd8rd. and we have fulfilled our otsr ethical responsthlths in aEc(YdarKe wth Ihe5e bekn Ihat Ilw audit ewderKe we hav8 Obt.ned is suffia.ent and to prtyxl• a basts wr opwwc Conclu•loM r•latlng to goMvJ In athliting the financial staternents. conckbjed tw the trlee$. of gDW [ern ba50 of ac¢ountirvJ In lh• pr•paratitsn ol ts finan081 staknnts o apKryNth. Based on wryk we have perf(1. haN ncl any man"al urKÈrtaintie5 relating to e¥eTrts or conditiDn$ Ihal. tndmdualty or colk¢b¥dy. May caa svJniftant dtyjbt ffi the chaws ability to nIInue as a goir#J corKèm for a peFk>J of at least mc)ths fttyn when the rThal slalements are aulhcw¢ed ts issue. Our responSibrtrf and the respM$S tsu$85 g)HvJ ¢nrn are dwcrte¢J in the rebvant sections ofth15 rw. Other thforrnatlon The Irustees are reSp)nS for the otsr infcmtKM). Tr olh•r inf0mtion co11588 the inf0m)a1Tr iThJu(Jed in the Annual Report, olher than the finala1 $twwts and w Rewl Ind•F•r•Jeni AudilC¥5 ihereon. Our opinion on finala1 ststements d$ nottthrthè ¢Jthèr arvl except to t eXtent0thei$e expl In connectKJn with •Jdit of finanual stateThnts, our re¥wsbty 1$ to read the other information and, in doiThJ so. ¢Sthr whlh•i th• othèr 1nfoffnacfi KiStent wrth Il finarKi31 statements or our knowkd98 obtained in the audit or othtmse aFfa to be matenalty misststed 11 we elfy suth material in¢onsiBtenae$ or appartt materk?l rntsstatemBnts. are requirgj to wtlher 9iV•S risè to a matèrial misstatemenl in Ihe rinanoal statement5 themsel45. Ir. based w the have p•rf¥ynd, wè concILe that there is a material misstatement ol tIw"5 olher InLataTr. we we req(MrwJ to rw Ihat have nthing io rewt in this ward. Matt•v8 on which w• ar• requlr•d to report by •x¢•pti We have Th)thiny to fewrt in respect of the fokn"r9 m•tt•rs Charib•S {Ants RekxKtsI Regulakn5 2CK18 require5 to report b) you if. in our wnion." Ihe informabon given in Report ol Ihe Trustees i& ¥i any n¥n81 r•5p•d with the fancIal $tstements; or sulknt accwntiThJ ¢($ ha not kept" or fmancial statemert5 arè not in •Jreerr*Mwiih th• atetyJnknJ Trcords and relurrs,. or have [1 received dl the infrnlion aTrJ exp4MtKyi$ w• wequwe for owaud P•Je 9
REPORT OF THE INDEPENDEKf AUDITORS TO THE TRUSTEES OF NOTTINGHAM TRENT VALLEY mHoDIST CIRCUIT R••ptsnlbllltle8 Ottrust• As •yp1aed more fulty in the Statement G4 Twstees. Re5F¥tls. t truslees are respowbk for th¢ prepaiatson of Ihe financial slatemerts which gvè a tnk and faw suc int•mal eontrol as twstee$ thtemiine Is nectrs5ary to wwble lh• w•parabon ol fla1 stakn ttwl aR fr8• from materBI misststsmènt, whelher due to Iraud or error. In prnparing th8 finaTh0 stmerts, trtee$ we for ass•s$i the canty'$ abi lo conlinue a$ going eoncewn. disclosing. as aFpkable. maltws ielated to g¢rvJ cone•m usirg the gn9 con¢em basis of accoun1g urtess the tn&ste•s •iUw intend to IAwKJaie the chanty to c•as• ¢peraborts. or have no realkstK atternalive bul to do so. Our f••pon8bilitlos forlhe •udit ol the fvwKlal •tstsm•nts We havo bo8n app¢xrt&Y as wdi15 wder 144 of the Charites Aa 2011 arml report In OrdanCe with the Act anol revant rgulatK)ns made or havirvj èllect thereuTrJer. Our otiectr4es are lo obtain asswarK ab)ui 7thether fmaKial statrnils as 8 whok are free from mat•rial mis5tatemenl. whether ¢Juè to tra1 ry efror. and to a Re f)1 Ihe Ind•ndon1 ALbYitor8 Ihal Iluth our opini. ReasonaAe assurance a hJh It of a$swa. tJt i5 Tr)1 a gwarantee thai an audit conducte£l In aC0)rda wrth ISA5 IUKI will ahvays ¢Ject a material rr58tnnl when it exists. Mi&atements can 8ri5e from fra or error and are Coered material if. iMJviKJvaly or in the gate. tty COU reawftgbly be expected to influence Ihe ecC¥)rric d8eiSh)ns Ser$ ten the ba515 01 Ilw fmwal stttthnts. IrrewlaiitEs, iU&l9 Irwd. aTr Ins$ thf rw)n<xYtWnce aThJ wlaiK$ V¥ de%gn wrKwJures ui li• with our reswn$knths. ouuifted to dea maiia¢ rThsstathrn•nts in respect C ryulaTitie5. induding fraud. T ethnt to whith ow procedwes we cap48 of delecw Wre9¥r1D•s. ¢nc&Jding Fra1 1$ (ts1 b8b)w' In aThY asessiro the nsks matia nwsSet resFd of iwreguiarityes. includ419 fraud .Th• nature aThJ trol envircxNment olthe thwity .Our ¢is¢u$sions wilh rnznwnt and gomaK• incbjiry Thether IW had knlNg& of any actual. sw•ciod or ed fraud .Th• Int•rnal contrd8 to mib9 Ihe rffrawj Followng our we have bjenl1r tlE ams I1¢h artr de8j lo have tt eas1 potential for fraud or .The reCLy. ion d rtaI Incom• frcm frnehokd inves1n .The r8ccgwDon cl assessments Trom churthes .The valuation of esth"mates In resrct of I11 M¥•sIn .The Valuati ol [anal irNeslments -Managennt OV8rride W• cornidered law5 awKJ thal wer• c•ntral to the ot thè eority iudiT3 charity law and empknyment law. folkwArwJ proc•Jur8s vesFert of tt rnks v&tsre we J8ntrfnd thè p(ntial for mat•rial At the KAanThng sl•Je of the w• (xthJ15 Fe by tr• board Of tNstees. V4e also e8rriJ out a r•vhryw of the minules ol tNs18e meebrvjs In(xne tran5ac1K lestin9 was prforn8d to lesl of This nclLKd •Jfeeing rentsl income to ase$ in respect of freehokt inv8sknent prcyerts to ensufg that al recei¥e(I wular in¢effle in Ihe year. We also caNd out a wiew ol monthty 355e5srts frc¥n churches a sei by annual bwJg8t. Wre the were P8rK)ds ol no inc4)m• in r•5pect of IOj wNesknRnt referreil to riod $tstem8n15 from managiro agents appointed by th• tsus1888 TrLL8tees' Bwd minL*os Ihe re06 kn thi5. P¥90 10
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF No1NGHAm TRENT VALLEY METHODIST CIRCUIT In Df as5855rn8nts on thurcls. w• r•f•iTBd ks Tr[tse8. B¢)aftl minut85 lo ju$tify Pay0 carried out a $ub5equ8nt events ievew to deletmw dEblor bala$ aftèr dai?. We test the Valuat of •Siunatss in resred of frethDbJ w¢jIrtIeS ty oblawiiTrJ a trstee$. valuation. valuation of inw•stsnents was tsslgj to fr¢th Ctntrtl Board of the Melhrxlist Church. Freéhdd woperlies helL1 at deerned cost or valualwi I•Sled lo tjuslees. ¥aatioNS in¢JKalioNs of ifty¥m•nt. None were thn1. consthrnb.on was yi¥en to the rehwce on lh• ol•xrrts in res1 ofthe mawemant ofth& rental investrnent A 8arnF4e ol j(MJmal ertres wer• t•sièd for appyoprialew and eTrwiri8s mJe ol mana9•m•nt as lo the prrthdu i pla for postiThJ joumal entri#s. Ouring our aLNIrt we o)nsKred any large. unusual journaLs or transactior outside the normal course of I81. Very l•wjouma15 posted w) trEar. The finanoal st•ménts w• reviewed aWMJe dre thed(Ists k) Klents"fy uNsual or unexpected rdalicffiships or any amas of non-corryAkqnce. rs(x&% h8kJ wih mantyement there it was ¢onsider&l adJit)n•l di8¢1(6urns w•r• TeqL¥wed. Wè remained alert to any IThJatsc ¢)f fratyj. rnr Thstat&nI or rs[Wnpli with and rogulJtions throughout the autht )duding those reW'rg 10 financ41 slaternents. A lurther descripthin of our rn4)Dnsbliies art of Ihè f•1 stts lo&Jted c•) Ihe Finan¢wl Report Counol's websiiti at W#Nf.frC.L¥g.uklaIespo1knths. This desup1K p•1 C ow Report of the IndeFetYJent Audito. Use of our report This report 15 made SOlY to ¢ariVs trusl••s. as a tkn. in cordan wth Pt 4 of th8 Charits IA¢counts and Report51 Re9ulations 2CQ8. Our h8$ b••n undertaken so Ihat mght $tat• to tha charitys trnstees those matter5 we are reqwr•J to 8ta lo them in an audrtors. Tewt and for no othw p¥rFX. To thè fulltsi èxtènt perrnitted by Lqw, we do not accept or assume r•sponsiblty to anyor otyF than the chanty ¢h?IW8 trLle•s as a body, lor our audit woth, Sjr lfv$ report or for th• op#)1¢ havef08d. Johnson rid$1 Limrted Chartefe<l Accountts & Sfalulory Audit 81 Burton Road DeY DeYshIre DE1 1TJ Dat•". Page 11
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT STATEMEPU OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 AUGUST 2025 2025 Totsl fvnds 2024 Total hJnd$ INCOMEAND ENDOWMENTS FROM charitsble a¢lfv*i•• General 1.106. 1.211,289 862,663 109.425 71.418 0th8r incorr 109.425 88.464 88,654 Totsl 1392.132 1 039 801 EXPENDITLIRE ON Charitable activitl•8 General 2.OS2.336 S75,e03 NET INCOMEIIEXPENDITURE {686.609) 16602031 464,1 RECONCILIATION OF FUNDS To1 funds lywjht forw¥d 1538.864 3.540,172 3.075.974 TOTAL FUNOS CARRIED FORWARD 2$5 •714 3,540 172 p12
NOTTINGHAM TRENT VALLEY METHODIST CIRcurr BALANCE SHE 31 AUGUST 202S 2026 Total lunds 2024 Total lund$ nd Notes FIXED ASSETS Ton9ible assets 11 1.730.096 1.730,096 1.730,096 CURRENT ASSETS Oebtors Cash at bk ar in h8TrJ 12 37M58 1.717 639 37.468 26,457 26.714 1.7S4ffj7 26.714 1.781.011 1,931.055 CREDITORS Arnounts falling du? wrtm one 13 1621m?} 1621.8271 196.5941 NET CURRENf $sEV3 28.714 1.169 9B4 TOTAL ASSETS LESS CURRENT LIABILMES 26.714 2.890.080 3.W,557 CREDifoRS AnN)unts falh"rrfJ due ofter mtye 14 I1111 124.3851 NET ASSETS 28.714 FUNDS UnieslriGled fuTrJs Re8trKted lur> 15 2.853.265 3.538,864 TOTAL FUNDS 2.879.969 Thef Pa98 13
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025 2026 2024 Cah Ilows frorn ¢Jwa11ng acti¥iU•• Cash g•n?raled operab'o 289 6701 Nel ¢a8h (wed InVpffjvid¢d by thib8S 269,6701 358.574 Cagh 110 from invoitkn9 4¢tlvltl•• Sal• ol t8ngib18 fixèj assets 346,303 109 Net cash wowd•d by wNestry actV4itEs Ch&n9o In ca•h and cash •qwv•l•nts the veportlng P•ri)d Cash and cash wuiv•l•nts ai th• boginning of r•porting period {160.2481 793,341 1 111257 C4#h and cash equlv•l•nts •tth• ond of th• reporting period Tl* nths part Of1 finarual statsmen18 Pagè 14
NorriNGHAM TRENT VALLEY IAETHODLST CIRCUIT MOTES TO THE CASH FLOW STATEMEMT FOR THE YEAR ENDED 31 AUGUST 2025 RECONCILIATION OF NET IExPEMDtWUREc0V1JE TO IIET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 N•t{•mp•nditix•Y¢orn• forlh• p•rlod pgrthe Stst•m•nt of Fln•nrial Aetivitie•l Adlu8kn•nts for: Depretsaln charges Profit on dispos4 of fixe(l assets Inte$t retsN•d Ilnueaseydecrn8s• in debt In¢r•as• In ¢rndrtors 1680.2031 464,198 447 63,5311 (88,4841 6.263 1109A251 N•t¢a•h lu••d InVprovld¢d by r•raons 269 6701 ANALYSIS OF CHANGES IM NET FiIIDS At IW24 Cash Ih)w At 3118125 N•t¢uh Cash al barth and IWKI 1.904.598 160.245 1.744 1.744.353 Tot•1 Th• ncrtes forn part 0fttse fmaTrial stat•mnl8 PJ* 15
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNT14G POLICES Basis of pr•pariwvJ the flnanc•l •lat•m• Th8 finawal stat•m•nts ol charity. 15 a wJfr benefft entity under FRS 102. have wepared in Jrdance with the CharfE5 SORP IFRS 1021 Accwntsr9 •KI Repth'ThJ by Charitiès.. Stateftwl of Re¢(Xmftwnd Prathce app[tab to ¢harths pwjarry their accounts in a¢an¢e with the Finanual ReFM)rb"ng StaThJa aFpIKab in IhB UK * Rep¢ ot IrelaTrJ IFRS 1021101ftctive 1 January 20191.. Finarrial Rewrting StaTrJard 102 The Finanual ReFM)rting Slandard appkabl• in Ihè UK and RepUlA of IrdarKI' and Iho Char&ts Ad 2011. The ststements have teen preF¢al undwih• hi8torThl cosl Convonti. GolThg con¢•m The trustees regularfy monitN Ihe tharty's res¥ wy. as8essTrnt ta$h Ilw to assess lh8 )1ty ol the ¢hanty. trtee5 have sc4d. and ** in Ihe process of 5elliTrJ sorre of ts manses aThJ inve5trnent propefbes. ProcJs sale wll be set asKle to meet th& luiure pk•is of thè tlUSes. To date, no malerial unc•rtainti¢s exist Ihat w(wJkl zffe¢t ofth8 fnanfi¥ slatemerrts on a 90ry o)nc8m basis. Incom• Al in¢rMi is rwnisod in Ihe Staiemvrt of FinarKaal Athils i)rt8 th8 charty has eNrfèmanl lo the ftJThJ5, it c&8ble Ihat th• intt¥ne be receNed the t ffle95ur reky. IrKomg the sa ta¥J fixed 8$8ets ts acctythiod knr year in whKh il is rg¢eivk. R1 w)come and a$8e¥srnenls ¢hutches 18 In the its il rebtes Amounis r8cWV in advance are defeed to th• Fel. Irwr from inve5trnerts arJ int• short l•rrn derrt)sts 15 accnI&l ts in Ihe year ) whth f( 15 receivaNe. EXP•ndit alAibe5 are recognised as a5 SC as is a legal or wi¥twive obh"gatb)n commitbng lh• thanty to Ih8t expeThJiur•. rt i% probable Ihat a trftt of aorn Èenefits be required in settlant and the am01 of ihe Ja)n ran l nased relk8W Exp•r•Jitur• 15 aco)unted for on an accru basis and has been dassrfd under head•vJs that re9 an oist relaied to ts eAtegory IMr• costs ¢anrl b& ckg¢tly atbulesJ to porticJJw Itey ha¥è W axak¢J to on 8 basi$ consisnt wlh the us& of resouwAs. Gfants offered subiecl to wh ha¥e been met al ts year •nd dakn arg nrW as a ¢Mmt lyjl not accrwd as exFeTrJrture Tanglbls fixed a8ts These are ¢aprtalks•d rfthey can be lor rn0 than ore year. aThJ TrMIrvUIY oist at a51£1,0cL7. The f)kI property 6 8hpn in ts actowts at 2015 val. No thprecia1Tr is provKled becaus8 the Irt•8$ consider the currgrt Val ol the woperty i8 ts we58nt to t• noi kns than its hL%lori¢al co$t and in the absen of any e¥¥Jenc of Thpwft1. any dePratr prO¥n k•f Ihe buiklirfjs ¢ThDnenl of Ihe property wrAJkl be inmat1. Inw••knwnt propoty Fmm to t7)e thè Cwcull may hohy i•d•nik4 prwty Iforn rna$) whrh is surpth l) rts nomial staffin9 wuirnments. th"s ts tht case rt k8 arPa Ihat the kycpèrty i4 unlkkely to b8 UEgd a$ a mans• wthin a wod of ts¥o yea, the kYCVfty ckssw as InStm0 Propety Iwhether kt ¢xrt or notl and any lets affj at rnarket r$ un$ thèrv is a asc not to do so li lUrther8n ol thè Cir.$ Ilelhodist Connoxional Fund• The Metwist Church COnnex rnis85 a5sessnnls aga¥t CIrts #nd these we paid quart•dy to their Di$lri¢ts The Circuis raise ass•ssmenl8 89ainsl Churches in Ihe Circuits Thè Llistrict ouarterfy remits to tho Melhodist Church Fund rn1 of the frtyn the Cwuts. A smal svm B 181*d by th8 Disln"ct to meet ts own costs. Page 16
No1NGHAm TRENT VALLEY METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEME1s- contlnu FOR THE YEAR ENDED 31 AUGUST 2025 MinLfjt•rn' rnan ¢o•ts The Circuit is to NO• acconYnrKlty) lor 8h myister in lh8 Cirtiit Iheir families and this i¥ s••n as a benefrt to the Cl11. ¥e exrecd to w tke manse prtiwded for them. The Circu the c4)sl re, mainteTrarte. irmirance. cou11 Tax and water ¢har9es. T fb3ures are Th)t 3ep¥akty discioseil as Èenef1s.wb"ftd ts minrs as HMRC does Mt seok to lax Ihes• rttp1S in ho1$ of minist•ts. Debtorn and ¢r•dlknrn Debtors aThJ croth.r$ are wecoJrw8eJ at the in¥oK&J aft•r y thscctht offer&J. Prepayts on¢J crvals ats valued at Ihe amount tsloJLated. T•x•lSon Fund accoun Unrestri¢teL1 lund5 b8 Used in acwdanc• with th8 chaiilable at th¥ ¢&scwetiw of IP Iru5t88s. Re5trthd fund5 can onty t lor Partlr trted purpowj th• objects of the ch. Reslncti¢ns arise when jpe by lh8 don orkn lund5 ¥e ratsed kjr paricuiar wtricW purpctse5. FurtherexFlanatti) oflhè natlxe puwcl eKh 0 inchA•Y #i th• notes to th8 finanoal statèmènts P•nlon ¢ts and other pwtrf•dr•m•nt b•n•fits Thtr chaty cperates a deknd ¢oniribthh)n pa)n corti>Ubor payat4e to charity's n10Th scheme a charged tt Stoterrwtd FwKial kb¥li85 in the perK)J tCwkh Ih•y r•laiè. Fin•nciil Thtrurn•Thts Financial instrumenls we classrfied acoxrnted ts. ac4xrdiNJ to the sub5tm ofthe o)ntrathual arRngement. as either financ4al assets. fffianL?al "Irt1•S or equty instruThnts An eqLNty irstrurtxrt is any conlraci that •vKJences a resknl threst in thè ass¢ts lanY after all of is liabi&t•s. INVESTMENT WCOI 2025 2024 Oepo$it mtemst Rental income 14,865 24.560 55.385 109,425 P89• 17
NOTTINGHAM TRENT VALLEY hlETHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025 INCOAIE FROM CTri4RITABLE ACTMTES 2024 Assessmènts ffi Churthes TMCP L Gali on sal• ol te$ (ants General General General 294.771 737.214 153.898 277,849 seo.641 24.193 2025 2024 Nothtwm and Dwby &slrKt- Ch'w &ant OTHER INCOIAE 2025 2024 Actmty General General Gweral contributs.on to w•aes TMCP r•lund ¢1 wense8 of rnae$ 26.417 22.543 63.531 Mi 71.418 88,654 CHAAITAeLE ACMVITIES COSTS fvThJirg of a¢livrfi&s {see note 51 Supp)rt tiotè 61 Totals G•n•ral 6S273 2 052 33$ Direct costs in th8 year Indude £1.463.085 in relatrm to the Be•sJ) •hthc#JBI Chwch rede¥ekynent pro11. GRANTS PAYABLe 2025 2024 Grabts payable to thuds 51.091 SUPPORT COSTS lanagernent Tolals 10A31 Governance o)Sts r l) ts autht fee. Page 18
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS- conllnu•d FOR THE YEAR ENDED 31 AUGUST 2025 TRUSTEES. REIAJNERATION AND 8ENEFThS Tw$tees during thè year mckKle dergy appted to wrthw) th8 Cirojit Stipends and albwances a pa by the MethcljI Churth lor Ihe aJmi"ni$tr3tw of thJlÈ Remuneralty) and benefts p to tnstees durty year Trted to £170,546 IW24.. £172.9531. In adrt tr) sb"peNls. £963 was powj to •Jmm stalfwlx) are ako I[tes. 12024.. £33.7011. Trt•9. •xpen• Durng the y £8.432 clexpens•s rewrtused to 6 bustees13)24." £3.455 to 4 trusteg51 STAFF COSTS 2028 2024 Wages and sakn"8s 215.091 215.091 232 372 202S 2024 StiFwYs 10. llPARATiveS FOR THE STATEIAEIIT OF FINANCIAL A¢TlVtTES Un1Th•d Restrrtsd ENlowment frjnd nd Total lund8 INCOME AND EMDOIIWENTS FRI)IA Charitable a¢tivili Gewal 838.4YJ 24.193 862.683 Investment ik)eomè Other Inc( 86,194 88.654 Totsl 1 013 148 EXPENDITURE ON Chariiablo actmtb G•ra1 SS).2S8 S75,3 NET WCO 464.198 RecoMCIUATIOM OF FUNDS TclalthJThts tmought lo 3.07S.974 3,075,974 TOTAL FUNDS CARRIED FORWARD 3.538.864 3540 172 Pay 19
NOThINGHAM TRENT VALLEY METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS- contlnu FOR THE YEAR ENDED 31 AUGUST 2025 11. TANGieLE FIXED A&8ETS Freehok1 (ye Ccrnwr uipment Tola15 COST At 1 Strpternber 2024 131 Awl 2tr25 DEPRECIATION At 1 Septemb•r 2024 31 Awl 2025 NeT BOOK VALUE At 31 AuSt 2025 1.730.096 1730 096 At 31 AuSt 2024 1730,096 12. CEBTORS.. Amouiwfs FALLING DUE Twmirl OME YEAR 2025 2024 Tradg dettss r dgtors 28.239 17.238 13. CREOtTORS: AIA(XJNTS FALLWIG [rHl ONE YEAR 2025 2024 Trad• cmdrtors ot uedrto 79.002 82.210 14,384 621.127 14. CREDITORS: AIIOUNTS FALLING DIJE AFTER Ie TIIAN ONE YEAR 2026 2024 Olher cr&lilors P•9& 20
NOTTINGHAM TRENT VALLEY METHODIST CIRcurr NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 AUGUST 2025 1& MOVEMeNT IN FUNDS Net mo¥ement in hjnds At 119r24 3118125 Unrestrlctod lunds G•noral luTrJ Circuit Mc>Jel Tt QesKJnabJ FuThts 1.7Y8.044 1,759138 8.S47 1894.1661 1,786,591 1.056.682 982 3W8 Rtr1¢t• lun Reted Furts 1685.6091 2.863355 1A08 26.714 TOTAL FUNDS 2 879 969 Resources Movement mSOLYCS experKled in funds Unr••trietsd funds Gensr iund rcurt MtJ81 Trust {384,Tr8) 1.067A5 8.S47 1.386.726 R•8lrf¢t•d fid• Restrtht1 Furtds {1052J351 1686.609} 25A06 TOTAL FUNDS Comparnti¥tt for rnov•m•nt In Net Transfgrs At 3118124 At iW23 Unre8tri¢l#d lund General luTr Circuit Mc*Jel Tru D8Signated FuThJ5 2.135.714 939.278 11C4.8981 ,222 12.4341 1252,7721 240,338 12.434 1.778,044 1.759.838 982 3.07S,974 RtrIct•d furMI¥ R•strKted Funds 3,538.864 1.3C 1,308 TOTAL FUNDS 3 075.974 464.198 Pty8 21
NOTTINGHAM TRENT VALLEY METHODIST CIRcurr NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025 MOV&MENT111 FUNOS-c¢>1thd CaN)8rae net m¢)vemont n luThJs. li Ihe attywe are •$ I0y.. r¢80ur expethd li lunds Unmtri¢t•d funds General lund CiroJit Modd Trust Cw9nated Fur¥J5 337,851 675,497 1442.5491 195,2751 12.4341 1104,8981 580,222 12,434 1.013.148 RtrIct•d fund Restrthd Funds {550.2581 462.wao 125,3451 TOTAL FUNDS A current year 12 ftth$ year 12 nMth5 posthn is a& Sjlkths". Trnnslers At 3118125 At 1Y123 In luThJs fund$ Unr••trl¢l•d fu General luTrJ Cirojit Model Tru 2.135.714 939.278 196,3511 1113,9341 12.434 1252.7721 240,338 12.434 1.786.591 l,L5,682 3.075,974 1222.719} RlIkd fund• Restrthd Funds 2.853,255 26,714 26,714 TOTAL FUNDS 3.075.974 2 879 969 A ¢urrwt year 12 nhjnlhs arnl pncw year 12 rTk)nths n•t (d5, Uj¢d in the abovè arg as fv)Iw" Resou$ Mov•mènt lunds Uthr•strl¢t•d funds General luThJ Circu4 Modtrl Trust Oesi9nat•Y FurthJ5 730.976 1,648,898 IB27,3271 11.762.832) 196,3511 1113,9341 2.379.874 AtrICI•d fuTxl Reslricted FUN15 12,602,593) 1222.7191 125,3451 26.714 TOTAL FUNDS 2,431.933 2.627.938) 19S.W51
NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 AUGUST 2025 1& MOVEMENT IN FUKIS- ¢OMinuod Gon•rnl Fund The purF4)se of Ih• lund for at ihe disuety oftt trtee9 in the fvrtherance c4lhe general Ject•S ofthe Cwcuit ar¥J whrh hth not teen de5b3nad fix othèr pu. Abt 98% of tr•$ lthj 15 hdd as a frhold or a8eh¢)kt propwty. mans•5 fr)r nwn6lws. libtMe prwethes frcfft tin• to thrne reduNJant ch8Fels in the circ1. Clrcult hlodèl Tnmt Fund puws• of1h8 fuTrJ is vse at ihg drxwelw rfth• trtea$ in thè [therance ofthe 9Bwal ofy'e¢liv•s ol the Ciicurt Its wurc• of w)cJJme 15 •hJ foffliulcly deted cQntn"buiis from of rnan¥es and cur¢h buithrrfJ5 in Cir¢urt. Although this is technKaly Unr•strthJ Fa le1 of th8 Circuil Kleetiro, pnor approval is still required from Ihe N(rtb"ngham D•f thstr¥LI these fiJrth MethThJ¢t StaTrJiThJ Orders 930,931 and 917121 are applKabb. D••lgn•t•d Fund These hjnds ale to serve wrFoses blrt we any dctwrEnt or deed to that purpos•. Trainiw a1 Buw- re¢¥48 ovgr8eas chaitty prclects Rostrfct•d Fund- Chaplaln¢y Fund To suwort Ch¥awy work cuttenty c0Th1ed at tr* Unvrn5ity of NolbrwJh•n and from Septunt•r 2020 aljo at Nottingham Trent Uftwersty. 16. Stipend$ aj •xpensB5 waKI to trusk•s in are deladj 7 clfvse fin81 stat8rn8nts