2025-08-31-accounts - Southampton Methodist Circuit

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31[st] August 2025

Southampton Methodist Circuit (26/01)

Annual Trustees Report For the year ended 31[st] August 2025

Registered Charity No: 1142521

31[st] August 2025

Southampton Methodist Circuit (26/01)

Annual Report 2024/25

The Trustees present their report along with the financial statements of the Circuit for the year ended 31 August 2025. The financial statements have been prepared in accordance with the accounting policies set out in the accounts and comply with SORP and applicable accounting standards.

Section A: Reference and administration details

Charity name SOUTHAMPTON METHODIST CIRCUIT Registered charity number 1142521 Charity's principal address c/o St James Road Methodist Church St James Road Southampton SO15 5HE Contact Address held c/o 66 Shanklin Road by Charity Commission Southampton SO15 7RF

Trustees / Members of the Circuit Meeting

Trustees on the date the report was approved are:

Trustee name	Office	Name of person (or body) entitled to appoint trustee
Rev John Hughes	Presbyter	Ex Officio
Rev Stephen Robinson	Presbyter	Ex Officio
Rev PennyThorne	Presbyter	Ex Officio
Rev Anthony Parkinson	Supernumerary Minister	Ex Officio
Mrs Christine Hughes	Circuit Administrator and LPWL Secretary	Circuit Meeting
Mrs Manosree Fordham	Circuit Steward	Circuit Meeting
Mr Richard Forbes	Circuit Steward	Circuit Meeting
Mrs Debbie Craggs	Circuit Steward & SafeguardingOfficer	Circuit Meeting
Mrs Gill Robinson	Circuit Steward	Circuit Meeting
Lynne Matthews	DPC Representative	Circuit Meeting
Mrs Rita Duell	Hedge End Methodist Church Treasurer	Hedge End Methodist Church
Mrs Jennie Hunkin	Hedge End Methodist Church Steward	Hedge End Methodist Church

31[st] August 2025

Southampton Methodist Circuit (26/01)

Mrs Pam Wickes	Hedge End Methodist Church Representative	Hedge End Methodist Church
Mr Neil Hitch	St James Road Methodist Church Treasurer	St James Road Methodist Church Council
Mr Russell Hack	St James Road Methodist Church Representative	St James Road Methodist Church Council
Mrs Jemma Hack	St James Road Methodist Church Representative	St James Road Methodist Church
Ms Alicia Gilbert	St James Road Methodist Church Representative	St James Road Methodist Church
Mr David Woodbury	Trinity Local Ecumenical Partnership Treasurer	Trinity LEP Church Council
Mrs Sue Sapsard	Representative Trinity Local Ecumenical Partnership	Trinity LEP Church Council
Mr Mark Price	Waterside Methodist Church Treasurer	Waterside Methodist Church Council
Mrs Lesley Butterfield	Waterside Methodist Church Steward	Waterside Methodist Church Council
Mrs Linda Matthews	Waterside Methodist Church Representative	Waterside Methodist Church
Mrs Eric Gerrey	Woolston Methodist Church Treasurer	Woolston Methodist Church Council
Mr Andrew Franks	Woolston Methodist Church Steward	Woolston Methodist Church Council
Mr David Edmonds	Woolston Methodist Church Steward	Woolston Methodist Church
Mr David Woodman	Synod Representative	Circuit Meeting
Mrs Christina Pritchard	Synod Representative	Circuit Meeting
Michael Bliss	Synod Representative	Circuit Meeting
Don Skinner	Synod Representative	Circuit Meeting

Legal Representatives:

Elected by the Circuit Meeting 26[th] June 2024:

Any two of the following charity trustees of the Charity are authorised to approve, sign and execute any document to which the charity trustees of the Charity from time to time are a party with the intention that any document executed under this authority will have the same effect as if executed by all of the charity trustees of the Charity:

Debbie Craggs
Richard Forbes
David Woodman
Neil Hitch

31[st] August 2025

Southampton Methodist Circuit (26/01)

Names of staff members during the year:

Superintendent Minister:

Rev John Hughes

Presbyters:

Rev Stephen Robinson Rev Penny Thorne

Lay Workers:

Mrs Christine Hughes Mrs Rachel Madgwick

Names and addresses of advisers:

Bankers:

The last transaction on the Co-operative account was 7th September 2023 with the balance being £87. We are in the process of closing this account.

Day-to-day funds:

Lloyds Bank plc PO Box 1000 BX1 1LT

Investment funds:

Central Finance Board of the Methodist Church 9 Bonhill Street, London EC2A 4PE

Trustees for Methodist Church Purposes (TMCP) Central Buildings Oldham Street Manchester M1 1JQ

Independent Examiner:

Chris Goodhead Knight Goodhead Limited 7 Bournemouth Road, Chandler’s Ford, Eastleigh, Hampshire SO53 3DA

Solicitors:

Blake Morgan LLP New Kings Court Tollgate Chandler’s Ford, Eastleigh Hampshire SO53 3LG

Southampton Methodist Circuit does not retain any permanent legal advisers.

31[st] August 2025

Southampton Methodist Circuit (26/01)

Section B: Structure, Governance and Management

Governance:

Description of the charity’s trusts:

Type of governing document:

Deed of Union (1932) and Methodist Church Act (1976)

How the charity is constituted:

Act of Parliament

Trustee selection methods:

Appointed by local churches and existing trustees
• Ministers are automatically trustees

Additional governance issues (Optional information)

Induction/Training:

Range of guidance produced by Methodist Connexion.
Leaflet ‘The Role of a Trustee in The Methodist Church’ given to each trustee.
Structure:
Part of the Southampton District.
Accountable to the Methodist Conference.

Related Parties:

None.

Risks:

Considered by the Circuit Leadership Team.
Take professional advice as required.
A regular review process.
Adopted Safeguarding training carried out at regular intervals

Safeguarding:

Every person has a value and dignity which comes directly from the creation of male and female in God’s own image and likeness.

Christians see this potential as fulfilled by God’s re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm.

Methodist Connexional practice outlines commitment to the following principles:

The care and nurture of, and respectful pastoral ministry with, all children, young people and adults.
The safeguarding and protection of all children, young people and adults when they are vulnerable.

31[st] August 2025

Southampton Methodist Circuit (26/01)

The establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse.
We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes.
We will respond without delay to every complaint made which suggests that an adult, child or young person may have been harmed, cooperating with the police and local authority in any investigation.
We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
We will seek to challenge any abuse of power, especially by anyone in a position of trust.
We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person or vulnerable adult.
In all these principles we will follow legislation, guidance and recognised good practice.

The Southampton Circuit commits itself to ensuring the implementation of Connexional Safeguarding Policy; government legislation, guidance and safe practice in the circuit and in the churches.

The Southampton Circuit commits itself to the provision of support, advice and training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable.

Payments:

Payments were made to Trustees as detailed in the accounts presented to Circuit and with this report.

The Managing Trustees approved total of grants and loans paid over or agreed during 2024/25 as follows:

SMH received a grant of £118.

No new loans were granted during the year. Of the outstanding loan to St James Road Methodist Church (dating from 2022), £51,068 was repaid during the year, leaving an outstanding balance of £71,676 at 31 August 2025.

31[st] August 2025

Southampton Methodist Circuit (26/01)

Summary of the main activities and achievements from 1 September 2024 to 31 August 2025

Circuit Mission Statement: The circuit adopted the following policy which will be regularly reviewed.

The Southampton Methodist Circuit exists to support and enable the work of the churches in the Circuit, for themselves and others, to:

seek to become, increasingly, followers of Jesus Christ
increase awareness of God’s presence and celebrate God’s love
help people to grow and learn as Christians, through mutual support and care
be good neighbours to people in need and challenge injustice
make more followers of Jesus Christ

The core values by which the Circuit lives out this purpose are to:

underpin everything we do with God-centred worship and prayer
nurture a culture in the Church which is mission-oriented, people-centred and flexible
affirm the importance of wise, proper, innovative and courageous use of our resources of people, property and finance
recognise those fragile pieces of work that need to be sustained as a mission priority
give attention to areas where new work should be begun
celebrate that the Safeguarding of others is at the heart of all we say and do
acknowledge that compliance with legislation is an essential part of our looking over each other in love

The priorities of the Circuit are to (not ranked in order of priority):

encourage fresh ways of being Church
support and affirm the value of existing work which focuses on mission
encourage and support mission orientated work in churches which lack financial or other resources
develop confidence in evangelism and in the capacity to speak of God and faith in ways that make sense to all involved
support community development and action for justice, especially among the most deprived and poor – in Britain and worldwide
encourage churches to review their life and their use of resources
foster a climate of learning and development
build partnerships with other churches, faith groups and organisations with whom we share common values
act in ways that contribute to the care of the earth
encourage cooperation between churches
explore spirituality and nurture spirituality in others

31[st] August 2025

Southampton Methodist Circuit (26/01)

Healthy Churches – The Circuit Leadership Team are continuing to seek the way forward for the Circuit.

Hedge End We continue to support local and international charities and regularly take items to the local food bank. We are trying to look outwards more and to this end continue to develop our mission plan. We have services for a school at Christmas and Easter and are developing our links with them. We have a weekly coffee morning which is well attended by members and people from the community. We our building to share our faith.

St James Road continues to offer and develop its activities for church members and the wider community as an expression of its Christian values and ethos. The building is used by many outside groups including the NHS and Blood Donors. Through its Vision Teams it plans the church programme that responds to both local and international needs and also enables valuable involvement of volunteers. The church is seeing an increased participation of people moving into the area from other countries, many of whom are students or working locally at the Hospital or Universities. It continues to develop partnerships with local community groups to respond to need.

Trinity, Totton has had a positive year. Girls Brigade continues to thrive and attend parade services. The change in the management structures have enabled us to look in greater depth at issues around running the church. Our annual Prayer week in August was well attended. We continue to seek opportunities to share our faith with the community.

Waterside continues to serve the communities of Fawley and Dibden Purlieu and surrounding areas through its worship based in its Fawley building and outreach focussed through its Dibden premises, Soul Café. We are also seeking to develop our relationship with the Fijian Methodist Fellowship based in Marchwood.

Woolston continues to actively support community focused initiatives in an area where there is some deprivation. They are the hosts of a thriving Sea Scouts group and several parade services are held during the year. The Stay & Play group meets weekly during term time. There is a weekly Thrift Shop and a monthly Indoor Market. The church planted a Community Herb Garden at the front of their building for local residents to take snipping’s for their cooking. They are the hosts for the Dalian Players who offer several productions throughout the year at affordable prices for local people to attend. Services are faithfully attended by members and non-members who have recently drawn up a new Mission Plan to demonstrate their desire to continue their work as a worshipping community.

We support the Street Pastors across the city in all the work that they do.

We are continuing looking for ways to increase our presence in the community and deliver new options for outreach and working together.

We are also actively supporting Churches Together through our local churches, and actively support Methodist Homes locally at Hampton Lodge and lead worship there twice a month.

31[st] August 2025

Southampton Methodist Circuit (26/01)

Circuit Mission Fund:

It has been agreed that any funds received from the sale of properties in the future will be placed in a Circuit Mission Fund, which will be held by TMCP, and will be used to enhance our existing buildings, bringing them up to date for the use in the 21[st] century, and any missional requirements that may be agreed by the Circuit Meeting.

Public Benefit:

Southampton Methodist Circuit carries out a range of activities in pursuance of its mission. The trustees consider that these activities, summarised below, provide benefit to those who are members of the Circuit through the local Methodist churches and the wider community of Southampton.

Religious Activities:

Acts of worship and pastoral care:

The Circuit produces a quarterly preaching plan to ensure regular acts of worship take place at each of the Methodist churches under its remit (Hedge End, St James Road, Trinity LEP, Waterside and Woolston). These are open to all people, without charge.

The Ministers have pastoral care for these churches.

Baptisms, Weddings and Funerals:

The Ministers conducted baptisms, weddings and funerals at each of the local Methodist churches in the Circuit. These services are available at the discretion of the Minister. No charge is made for baptisms. A modest set fee is usually charged for weddings and funerals.

Section D - People and property

Presbyters, Deacons and Local Preachers:

The Circuit spiritually and financially supported 3 Presbyters (2.5 posts).

We have 20 Accredited Local Preachers, 1 Local Preacher (On Trial) and 6 Supernumerary Ministers of which some would have taken services and preached in the Circuit’s churches during the year. There are 5 Local Preachers and 2 Supernumerary Ministers that are not authorised to lead any worship or take any appointments as they have not undertaken the necessary Safeguarding and/or Equality Diversity & Inclusion training as laid down by Methodist Conference.

Lay Workers:

The Circuit has a part time lay worker for administration and a part- time lay worker to work with families and young people at St James Road Methodist Church.

31[st] August 2025

Southampton Methodist Circuit (26/01)

Property Management:

The Circuit maintained 3 manses:

47 St John’s Road, Hedge End, Hampshire, SO30 4DL
130 Bellemoor Road, Shirley, Hampshire, SO15 7QY
20 Winchester Way, Totton, Hampshire, SO40 8JS

The Circuit was responsible for two church properties, which were no longer used for Christian worship as detailed below:

Totton Christian Centre: This building, formerly known as Totton Methodist Church, was taken back under the full management of the Circuit in January 2023 having previously been managed on the Circuit’s behalf by Churches Together in Totton. The building was subsequently put up for sale. The sale was completed on 30[th] May 2025. The sale price was £211,000.00 and after solicitor’s fees and disbursements the amount received by the Circuit in their Trustees for Methodist Church Purposes (TMCP) account was £201,291.00.

23 Turnberry Close, Botley: This manse had been unoccupied since August 2023 and was surplus to requirement in this part of the Circuit. The sale was concluded on 16[th] September 2024 and as this was a sale of a manse made in order to purchase the manse in Totton, the Trustees for Methodist Church Purposes (TMCP) did not receive any of the monies. The amount received by the circuit was £454,262.59 and Rev John Hughes negotiated a reduction in the solicitor’s fees from £7,500 to £6,000.

Registration as a Charity:

The Southampton Methodist Circuit formally registered as a separate charity on 21st June 2011.

Volunteers:

A substantial part of the Circuit’s ministry is accomplished by volunteers. All Circuit Stewards are volunteers as are other members of the Circuit Meeting, apart from the Ministers and the employed Lay Workers.

All the local preachers are volunteers.

Supernumerary Ministers are entitled to claim a fee when they lead worship as laid down by Methodist Conference.

31[st] August 2025

Southampton Methodist Circuit (26/01)

Section E - Financial review

The figures are as shown in the Financial Statement which is presented with this report

Our Reserves Policy can be considered in two parts:

The policy relating to those unrestricted funds that we need to ensure are available to meet the day-to-day running costs of the Circuit. These comprise our Central Finance Board (CFB) Reserve account and cash balances held in the Lloyds Bank, and Cooperative Bank current accounts as adjusted for other current assets and liabilities.
The policy relating to current and future use of funds held with the Circuit Model Trust Fund (CMTF) by the Trustees for Methodist Church Purposes (TMCP). For the avoidance of doubt, this includes those investments held in the CFB “Mixed Fund”.

The aim of this policy is threefold:

To secure and sustain the Circuit’s viability and future.
To give reassurance to the general public that the Circuit, which is a charity, intends to use all of the money coming into its care for the purposes of the charity.
To ensure that the Circuit is not unnecessarily holding funds which might otherwise be better used for the mission of the wider Connexion.

We aim to hold at least four months' and no more than eight months' normal expenditure, in the General Fund (including the Central Finance Board general account). Our 31 August 2025 balances were £1,376,483 (Unrestricted Funds minus property values). Our total expenditure (excluding that on grants, property purchases and Connexional property levy) was £272,472 for the year to 31st August 2025. Our reserves should, therefore be £140,000 we therefore exceed this figure as at the year end, but the excess will be used to offset the losses that we are facing over the coming years, due to the loss of income to our churches due to the pandemic.

The use of remaining capital assets in the CMTF and the CFB Mixed Fund is kept under review by the Circuit Leadership Team and the Circuit Meeting in the light of the Circuit's objectives for mission. During the next year the Circuit leadership will continue to assess our use of the capital released in achieving our stated mission objectives.

The Reserves Policy is reviewed on an annual basis to ensure that the funds held are in keeping with the aims of the Circuit as outlined in its Mission Policy. The Circuit does not exist for the purpose of retaining unnecessary capital and the Circuit Leadership Team and the Managing Trustees are committed to ensuring the effective use the Circuit’s Reserves for the stated aims of the Circuit.

Deficit:

No fund is materially in deficit.

31[st] August 2025

Southampton Methodist Circuit (26/01)

Section F- Other optional information

No additional information.

Section G – Declaration

The Trustees approved this report on _______ This report was signed on their behalf by:

Signature Date Full name Rev John Hughes Position Superintendent Minister and Chair of the Circuit Meeting Signature Date __ Full name Debbie Craggs Position Managing Trustee

Southampton Methodist Circuit

Independent Examiner’s Statement

Independent Examiner’s Report to the Trustees of the

Southampton Methodist Circuit

I report to the trustees on my examination of the accounts of Southampton Methodist Circuit for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity trustees of Southampton Methodist Circuit you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's report

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

(1) accounting records were not kept in respect of Southampton Methodist Circuit as required by section 130 of the Act; or

(2) the accounts do not accord with those records; or

(3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities 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 come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Name Chris Goodhead FCA Signature Relevant Professional qualification or body FCA, Institute of Chartered Accountants in England and Wales Address Knight Goodhead Ltd, 7 Bournemouth Road, Chandlers Ford SO53 3DA Date

Circuit No: 26/1

Southampton Methodist Circuit

Statement of Financial Activities (SOFA) for the year ended 31 August 2025

	Notes to		Circuit Model	Designated
	the	General Fund	Trust	Funds	Restricted	Endowment	Total
	accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds	2024-25
		£	£	£	£	£	£
Income
1 Donations and legacies	4	-	-	-	-	-	-
2 Income from monetary investments	6	1,955	38,914	-	139	-	41,008
3 Income from investment properties		-	-	-	-	-	-
4 Assessments on Churches		190,715	-	-	-	-	190,715
5 Capital Receipts		-		-	-	-	-
6 Grants received		-	-	-	-	-	-
7 Other charitable income	5	9,088	5,242	-	-	-	14,330
8Total income		201,758	44,156	-	139	-	246,053
Expenditure
9 Grants and donations	7	118	-	-	-	-	118
10 Salaries and associated costs	11	129,350	-	-	-	-	129,350
11 Property maintenance		16,483	-	-	-	-	16,483
12 Connexional assessment & model trust	levy	-	86,037	-	-	-	86,037
13 District Assessment & Levy		40,848	-	-	-	-	40,848
14 Depreciation		21,804	-	-	-	-	21,804
15 Office expenses		569	-	-	-	-	569
16 Other outgoings	8	29,643	4,242	-	12	-	33,897
17Total charitable expenditure		238,815	90,279	-	12	-	329,106
18 Gains/(losses) on monetary investments		-	75	-	-	(46)	29
19 Gains/(losses) on investment properties		(864)	-	-	-	-	(864)
20Net income/(expenditure)		(37,921)	(46,048)	-	128	(46)	(83,888)
21 Transfers between funds	18	(505,784)	505,784	-	-	-	-
22 Other gains/(losses)	18		-	-	-	-	-
23Net movement in funds		(543,705)	459,736	-	128	(46)	(83,888)
24 Total funds brought forward		2,544,466	703,022	14,034	1,849	2,026	3,265,397
25 Total funds carried forward		2,000,761	1,162,758	14,034	1,977	1,980	3,181,509

Circuit No: 26/1

Southampton Methodist Circuit

Statement of Financial Activities (SOFA) for the year ended 31 August 2024

	Notes to		Circuit Model	Designated
	the	General Fund	Trust	Funds	Restricted	Endowment	Total
	accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds	2023-24
		£	£	£	£	£	£
Income
1 Donations and legacies	4	144	-	-	-	-	144
2 Income from monetary investments	6	2,196	27,585	-	166	-	29,947
3 Income from investment properties		-	-	-	-	-	-
4 Assessments on Churches		178,025	-	-	-	-	178,025
5 Capital Receipts		-	683,712	-	-	-	683,712
6 Grants received		-	-	-	-	-	-
7 Other charitable income	5	13,095	77,070	-	-	-	90,165
8Total income		193,460	788,367	-	166	-	981,993
Expenditure
9 Grants and donations	7	56,577	-	-	-	-	56,577
10 Salaries and associated costs	11	125,757	-	-	-	-	125,757
11 Property maintenance		230	39,087	-	-	-	39,317
12 Connexional assessment & model trust	levy	-	420,696	-	-	-	420,696
13 District Assessment & Levy		48,288	-	-	-	-	48,288
14 Depreciation		66,872	-	-	-	-	66,872
15 Office expenses		813	-	-	-	-	813
16 Other outgoings	8	80,876	16,691	-	10	-	97,577
17Total charitable expenditure		379,413	476,474	-	10	-	855,897
18 Gains/(losses) on monetary investments		-	2,918	-	-	94	3,012
19 Gains/(losses) on investment properties		81,000	-	-	-	-	81,000
20Net income/(expenditure)		(104,953)	314,811	-	156	94	210,108
21 Transfers between funds	18	127,479	(127,479)	-	-	-	-
22 Other gains/(losses)	18	-	-	-	-	-	-
23Net movement in funds		22,526	187,332	-	156	94	210,108
24 Total funds brought forward		2,521,940	515,690	14,034	1,693	1,932	3,055,289
25 Total funds carried forward		2,544,466	703,022	14,034	1,849	2,026	3,265,397

Circuit No: 26/1

Southampton Methodist Circuit

Balance Sheet as at 31 August 2025

Notes to the Accounts Fixed Assets	Notes to the Accounts Fixed Assets	£ General Fund (Unrestricted)	£ Circuit Model Trusts (Unrestricted)	£ Designated Funds (Unrestricted)	£ Restricted and Endowment Funds	Totals 2025 £
Manses,Churches and Equipment	12	1,801,070	-	-	-	1,801,070
Investmentproperties		0	0	0	0	0
Investments	13	-	40,703	-	1,980	42,683
*Total fixed assets*		1,801,070	40,703	-	1,980	1,843,753
Current Assets
Debtors	14	11,476	35,242	-	-	46,718
Loans bythe Circuit	14	71,676	-	-	-	71,676
Investments with TMCP		-	1,086,719	-	1,977	1,088,696
Central Finance Board Deposits		62,463	-	-	-	62,463
Cash at Bank and in hand	14	78,100	94	14,034	-	92,228
*Total current assets*		223,715	1,122,055	14,034	1,977	1,361,780
Current liabilities
Creditors (due in under 1 year)	15	24,024	-	-	-	24,024
*Total current liabilities*		24,024	-	-	-	24,024
*Net current assets/liabilities*		199,691	1,122,055	14,034	1,977	1,337,756

*Total assets less current liabilities*		2,000,761	1,162,758	14,034	3,957	3,181,509

Long term liabilites (due afer more than one year)
Loans to the Circuit						-
						-
*Net assets*		2,000,761	1,162,758	14,034	3,957	3,181,509
Funds of the Circuit
General Fund(Unrestricted)		2,000,761	-	-	-	2,000,761
Circuit Model Trust Fund (Unrestricted)		-	1,162,758	-	-	1,162,758
Designated Funds(Unrestricted)		-	-	14,034	-	14,034
*Total Unrestricted Funds*	17	-	-	-	-	3,177,552
Restricted Funds	17	-	-	-	1,977	1,977
Endowment Funds		-	-	-	1,980	1,980
*Total Funds*		2,000,761	1,162,758	14,034	3,957	3,181,509

Signed

Circuit Treasurer

Southampton Methodist Cicuit

Circuit No 26/1

Cash flow statement for the year ended 31 August 2025

		2025	2024
Statement of cash flows	Note	£	£
Cash from operating activities
Net cash used in operatingactivities		(111,301)	(370,792)
Cash flows from investing activities
Dividends,interest and rents from investments		41,008	29,947
Proceeds from the sale of property,plant and equipment		655,554	1,638,712
Purchase of property,plant and equipment		(16,851)	(1,237,065)
Purchase of intangible assets		-	-
Proceeds from the sale of investments		-	-
Purchase of investments		-	-
Other		-	-
Net cash provided by investing activities		679,711	431,594
Cash flows from financing activities
New borrowing		-	412,250
Repayments of borrowing		-	(312,386)
Net cash used in financing activities		-	99,864
Change in cash and cash equivalents in the reporting period		568,410	160,666
Cash and cash equivalents at the beginning of the reporting period		674,976	514,310
Cash and cash equivalents at the end of the reporting period		1,243,386	674,976
		2025	2024
Reconciliation of net income to net cash flow from operating activities		£	£
Net income for the reporting period ( as per statement of financial activities)		(83,888)	210,108
Adjustments for:
Depreciation and amortisation charges		21,804	66,872
Profit on the sale of fixed assets		-	(683,712)
Loss on the sale of fixed assets		-	-
(Gains)/losses on investments		(29)	(3,012)
Gains on investment properties		864	(81,000)
Dividends, interest and rents from investments		(41,008)	(29,947)
(increase)/decrease in debtors		98,672	144,416
increase/(decrease) in creditors		(107,716)	5,483
Net cash used in operating activities		(111,301)	(370,792)
		2025	2024
Analysis of cash and cash equivalent		£	£
Cash in hand		154,691	90,733
Short term deposit (less than 3 months)		1,088,696	584,243
Total cash and cash equivalents		1,243,386	674,976

Circuit No: 26/1

Southampton Methodist Circuit

Notes to the Accounts

1. Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable for charities preparing their accounts in according with FRS 102.

Public Benefit Entity

Southampton Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are intially recognised at historic costs or transaction value unless otherwise stated in the relevant accounting policy below.

Going concern

The trustees believe that the circuit is a going concern.

2. Funds

The funds held constitute: General Funds held for any purpose of the Circuit which are Unrestricted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose . There are also the following Endowment funds as listed. Details of each material fund are disclosed in the final note to these accounts. Any funds may be represented by more than just cash.

3. Accounting policies

Basis

h These accounts have been prepared on the basis of historical cost except that investments are shown at their market value at the end of the year, on h b d h b i f hi i l h i h h i k l the accruals basis to show a true and fair view of the Circuit’s financial position and activities.

Income Recognition

Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources, and the trustees are reasonably certain they will receive the resources; and the monetary value can be measured with sufficient reliability.

Expenditure

This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow of economic benefit is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out resources.

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 operational obligation to make the payment. When the grant is recurrent over more than one year the balance payable in future years is treated as a provision for future commitments in the Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in accordance with the originally agreed terms.

VAT

Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.

Tangible fixed assets for use by the Circuit

These are capitalised if they can be used for more than one year, and individually cost at least £1,000. The freehold property is shown in the accounts at 2015 deemed values or actual purchase price if purchased later. Depreciation is provided at 2% Straight Line on the property, which is estimated to be 50% of the value. No depreciation is provided on land. Fixtures, fittings and equipment are depreciated at 25% Straight Line.

Investment Properties

Investment properties are held for their rental and/or sale potential.

Investments

Investments are valued in the balance sheet at market value at the year end. Investment income is included in the accounts when receivable and any gains or losses on revaluation at the year end are shown in the SOFA.

Financial instruments

The Circuit has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial instruments issues' of FRS 102 to all of its financial instruments.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debtors and Prepayments

Debtors include the prepayment of the September stipend in August, and loan to St James Road Methodist Church which is being repaid.

Creditors

Creditors include both sundry expenses and deferred income, specifically the 1st quarter assessment received in August, as well as the outstanding balance of a loan from MCA given within the year and paid in full post year end.

Circuit No: 26/1

Southampton Methodist Circuit

4. Donatons and legacies	Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Donatons Legacies	0 - --144 - - -- -
Total 5. Charitable actvites - other	- - - - 144 Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Connexions Letngs Other	- - -- - 9,088 - -9,08813,095 - 5,242 -5,24277,070
Total 6. Investment income	9,088 5,242 - 14,330 90,165 Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Interest received	1,955 38,914 13941,00829,947
Total 7. Grants and donatons	1,955 38,914 139 41,008 29,947 Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Woolston Waterside Diocese of Winchester Hedge End Pension Fund Other	- - - -2,477 - - --4,000 - - --50,000 - - -- - - - - - 118 - -118100
Total 8. Other outgoings	118 - - 118 56,577 Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Insurance Rates and utlites Legal and professional Interest paid Repairs and maintenance Accountancy Travel Pulpit Expenses Telephone Bank Charges Sundry Expenses Total	5,107 - -5,1078,986 14,916 - -14,91620,744 - 3,102 - -- 3,10224,806 - 2,218 -2,21819,057 - - --- 2,400 - -2,4007,030 5,508 - -5,5088,081 - - --240 3,990 - -3,9904,134 86 - -862 738 2,024 122,7744,497
	29,643 4,242 12 33,897 97,577

Circuit No: 26/1

Southampton Methodist Circuit

9. Payment to Trustees

Payments made to trustees for additional services provided to the Circuit by agreement with the Circuit Meeting Number of trustees who were paid expenses Nature of the expenses Expense payments primarily relate to reimbursement for travel and refreshment costs.

£	This year - 5	Last year
		-

	5	5

Total amount paid

10. Fees for examination or audit of the accounts

Independent examiner’s or auditors' fees for reporting on the accounts

Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor

£	968	900

£	2,400	5,880
£	-	-

11. Paid employees Staff Costs paid during the year were:

Gross wages, salaries and benefts in kind £ Employer’s Natonal Insurance costs £ Pension costs £ Levies £ Admin Charge £ Contributon from Meon Valley Circuit £ Total staf costs £ Average number of staf employed during the year were:	103,457
	10,099
	14,942
	373
	480
	-
	129,350
	5

Circuit No: 26/1

Southampton Methodist Circuit

12. Tangible Fixed Assets

One manse was sold during the year, and one investment property.

	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.
Cost or valuaton	£ 211,000 211,000 0 0 0 0 211,000 - Investment Propertes
	£ Investment Propertes	Manses £	Other buildings £	£ Other fxed assets including motor vehicles	£ Fixtures, ftngs and equipment	£ Payments on account and assets under constructon	Total £
Balance brought forward	211,000	2,311,546	0	0	16,125		2,327,671
Additons		16,851			0		16,851
Revaluatons(+/-)							0
Disposals	211,000	460,000	0				460,000
Transfers *(+/-)	0		0				0
Balance carried forward	0	1,868,397	0	0	16,125	0	1,884,522
Accumulated depreciaton *Basis* Rate		50/50 split SL 2% 25%
Balance brought forward	0	63,583	0		12,647		76,230
Depreciaton charge foryear(-)		18,515	0		3,289		21,804
Revaluatons(+/-)							0
Disposals(-)		14,582					14,582
Transfers*(+/-)							0
Balance carried forward	0	67,516	0	0	15,936	0	83,452
Net book value
Brought forward	211,000	2,247,963	-	-	3,478	-	2,251,441
Carried forward	-	1,800,881	-	-	189	-	1,801,070

The "transfers" row is for movements between fixed asset categories.

** Indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also indicate the rate of depreciation: for straight line, depreciation is based on the anticipated life of the asset (in years); for reducing balance, a percentage annual deduction is made each year.

Circuit No: 26/1

Southampton Methodist Circuit

13. Investments

The funds that support the Circuit Model Trust Fund and the Manses Fund are held by TMCP in Trustees Interest Funds on which interest is credited to the accounts each month. These are regarded as medium and long term investments.

TMCP is the legal owner and Custodian Trustee of all Methodist Model Trust property, including Legacies, Endowments and Accumulated Funds. Trust property is held for and on behalf of local Managing Trustees who are responsible for the day to day management of trust property. TMCP ensure that, through providing guidance and acting under their direction, the Managing Trustees comply with charity law and Methodist law and polity as determined by the Methodist Conference.

Analysis of investment movements

Analysis of investment movements
	Thisyear Prevyear
Investments listed on a recognised Stock Exchange	42,683	42,654
Investments held in common investment funds,
Securites not listed on a recognised Stock Exchange
Other investments
Total	42,683	42,654
Change in investment values
Carrying (market)value at beginningofyear	42,654	39,642
Add:additons to investments at cost	-	-
Less:disposals at carryingvalue	-	-
Netgain/(loss)on revaluaton	29	3,012
Carrying (market)value at end ofyear	42,683	42,654

Circuit No: 26/1

Southampton Methodist Circuit

14. Analysis of current assets

Debtors and prepayments Prepayments and accrued income Other debtors Loans Total debtors and prepayments Analysis of cash at bank Bank balance Total Cash and Bank Analysis of current liabilites and long term creditors Other Creditors £ Total Current Liabilites £	This year £ 11,476 35,242 71,676 118,394 92,228 92,228 24,024 24,024	Last year £
		13,161
		81,161
		122,744
		217,066

		65,645
		65,645

	24,024	131,740
	24,024	131,740

15. Analysis of current liabilities and long term creditors

16. Capital Commitments and Contingent Liabilities

At the 31st August 2025 the Circuit has no capital commitments.

No Contingent liabilities were identified at 31st August 2025.

Circuit No: 26/1

Southampton Methodist Circuit

17. Loans

17. Loans
Source		Purpose of loan				Amount brought forward	New borrowings	Loan interest	Repayable in the year
						0			0



Repayment due					Totals	0	0	0	0

Due within 12 months	31/08/2023		0
Due between 1 and 5 years	31/08/2024			31/08/2025		31/08/2026		31/08/2027
Due later than 5 years
Note: the two totals X and Y must agree

Circuit No: 26/1

Southampton Methodist Circuit

17. Detailed analysis of individual fund movements

Unrestricted Funds

Unrestricted Funds
Unestricted Fund Name	Opening	Income	Expenditure	Gains/losses	Transfers	Closing Balance	Purpose of the fund
General	2,544,466 ~~l~~	201,758	238,815	(864)	(505,784)	2,000,761
CMT	703,022	44,156	90,279	75	505,784	1,162,758
Connexions	14,034	-	-	-	-	14,034	Pioneer connexions project funding
						-
						-
Totals Restricted Funds	3,261,522	245,914	(329,095)	(789)	-	3,177,552

Restricted Fund Name	Opening Balance	Income	Expenditure	Gains/losses	Transfers	Closing Balance	Purpose of the fund
Endowment funds	2,026	-	-	(46)	-	1,980	John Cannon Bequest
Northam funds	1,849	139	12	-	-	1,977	For outreach in and around Northam
						-
Totals	3,875	139	12	(46)	-	3,957

Endowment Name	How the capital is invested			The current value of the capital			Annual income	What the income was used for





	Totals			0			0

Southampton Methodist Circuit DECLARATIONS

Treasurer

I confirm that I have prepared the accounts from the records of the Circuit and that they include all funds under the control of the Circuit Meeting

Signature of Treasurer Date Name Richard Forbes Address 66 Shanklin Road Southampton SO15 7RF

Presentation to the Circuit Meeting for approval.

I confirm that the Accounts have been presented to the Circuit Meeting on

and were approved. Signature of the Chair of the meeting Name of the Chair of Rev John Hughes the meeting Date

Independent Auditor's Report Southampton Methodist Circuit

Opinion

We have audited the financial statements of Southampton Methodist Circuit (the "Charity"), for the year ended 31 August 2025, which comprise the Statement of Financial Activities, Balance Sheet, Cash flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable to the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

give a true and fair view of the state of the Charity’s affairs as at 31 August 2025, and of its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other matter

In the previous accounting period the trustees of the Charity took advantage of audit exemption under s144 of the Charities Act 2011. Therefore, the prior period financial statements were not subject to audit.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Independent Auditors' Report Southampton Methodist Circuit

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the information given in the trustees’ report is inconsistent in any material respect with the
- financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not obtained all the information and explanations necessary for the purposes of our audit.

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 144 Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations.

We identified the laws and regulations applicable to the Charity through discussions with trustees and other management and we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence.

We assessed the susceptibility of the Charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud and considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

Independent Auditors' Report Southampton Methodist Circuit

To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships, tested journal entries to identify unusual transactions and investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance; and
enquiring of management as to actual and potential litigation and claims;

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Knight Goodhead Limited is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Use of our report

This report is made solely to the Charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

CJ GOODHEAD FCA

Dated:

Senior Statutory Auditor

Knight Goodhead Limited

Chartered Accountants and Statutory Auditors

7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA

Southampton Methodist Circuit

Independent Examiner’s Statement

Independent Examiner’s Report to the Trustees of the

Southampton Methodist Circuit

I report to the trustees on my examination of the accounts of Southampton Methodist Circuit for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity trustees of Southampton Methodist Circuit you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.

Independent examiner's report

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

(1) accounting records were not kept in respect of Southampton Methodist Circuit as required by section 130 of the Act; or

(2) the accounts do not accord with those records; or

Circuit No: 26/1

Southampton Methodist Circuit

Statement of Financial Activities (SOFA) for the year ended 31 August 2025

	Notes to		Circuit Model	Designated
	the	General Fund	Trust	Funds	Restricted	Endowment	Total
	accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds	2024-25
		£	£	£	£	£	£
Income
1 Donations and legacies	4	-	-	-	-	-	-
2 Income from monetary investments	6	1,955	38,914	-	139	-	41,008
3 Income from investment properties		-	-	-	-	-	-
4 Assessments on Churches		190,715	-	-	-	-	190,715
5 Capital Receipts		-		-	-	-	-
6 Grants received		-	-	-	-	-	-
7 Other charitable income	5	9,088	5,242	-	-	-	14,330
8Total income		201,758	44,156	-	139	-	246,053
Expenditure
9 Grants and donations	7	118	-	-	-	-	118
10 Salaries and associated costs	11	129,350	-	-	-	-	129,350
11 Property maintenance		16,483	-	-	-	-	16,483
12 Connexional assessment & model trust	levy	-	86,037	-	-	-	86,037
13 District Assessment & Levy		40,848	-	-	-	-	40,848
14 Depreciation		21,804	-	-	-	-	21,804
15 Office expenses		569	-	-	-	-	569
16 Other outgoings	8	29,643	4,242	-	12	-	33,897
17Total charitable expenditure		238,815	90,279	-	12	-	329,106
18 Gains/(losses) on monetary investments		-	75	-	-	(46)	29
19 Gains/(losses) on investment properties		(864)	-	-	-	-	(864)
20Net income/(expenditure)		(37,921)	(46,048)	-	128	(46)	(83,888)
21 Transfers between funds	18	(505,784)	505,784	-	-	-	-
22 Other gains/(losses)	18		-	-	-	-	-
23Net movement in funds		(543,705)	459,736	-	128	(46)	(83,888)
24 Total funds brought forward		2,544,466	703,022	14,034	1,849	2,026	3,265,397
25 Total funds carried forward		2,000,761	1,162,758	14,034	1,977	1,980	3,181,509

Circuit No: 26/1

Southampton Methodist Circuit

Statement of Financial Activities (SOFA) for the year ended 31 August 2024

	Notes to		Circuit Model	Designated
	the	General Fund	Trust	Funds	Restricted	Endowment	Total
	accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds	2023-24
		£	£	£	£	£	£
Income
1 Donations and legacies	4	144	-	-	-	-	144
2 Income from monetary investments	6	2,196	27,585	-	166	-	29,947
3 Income from investment properties		-	-	-	-	-	-
4 Assessments on Churches		178,025	-	-	-	-	178,025
5 Capital Receipts		-	683,712	-	-	-	683,712
6 Grants received		-	-	-	-	-	-
7 Other charitable income	5	13,095	77,070	-	-	-	90,165
8Total income		193,460	788,367	-	166	-	981,993
Expenditure
9 Grants and donations	7	56,577	-	-	-	-	56,577
10 Salaries and associated costs	11	125,757	-	-	-	-	125,757
11 Property maintenance		230	39,087	-	-	-	39,317
12 Connexional assessment & model trust	levy	-	420,696	-	-	-	420,696
13 District Assessment & Levy		48,288	-	-	-	-	48,288
14 Depreciation		66,872	-	-	-	-	66,872
15 Office expenses		813	-	-	-	-	813
16 Other outgoings	8	80,876	16,691	-	10	-	97,577
17Total charitable expenditure		379,413	476,474	-	10	-	855,897
18 Gains/(losses) on monetary investments		-	2,918	-	-	94	3,012
19 Gains/(losses) on investment properties		81,000	-	-	-	-	81,000
20Net income/(expenditure)		(104,953)	314,811	-	156	94	210,108
21 Transfers between funds	18	127,479	(127,479)	-	-	-	-
22 Other gains/(losses)	18	-	-	-	-	-	-
23Net movement in funds		22,526	187,332	-	156	94	210,108
24 Total funds brought forward		2,521,940	515,690	14,034	1,693	1,932	3,055,289
25 Total funds carried forward		2,544,466	703,022	14,034	1,849	2,026	3,265,397

Circuit No: 26/1

Southampton Methodist Circuit

Balance Sheet as at 31 August 2025

Notes to the Accounts Fixed Assets	Notes to the Accounts Fixed Assets	£ General Fund (Unrestricted)	£ Circuit Model Trusts (Unrestricted)	£ Designated Funds (Unrestricted)	£ Restricted and Endowment Funds	Totals 2025 £
Manses,Churches and Equipment	12	1,801,070	-	-	-	1,801,070
Investmentproperties		0	0	0	0	0
Investments	13	-	40,703	-	1,980	42,683
*Total fixed assets*		1,801,070	40,703	-	1,980	1,843,753
Current Assets
Debtors	14	11,476	35,242	-	-	46,718
Loans bythe Circuit	14	71,676	-	-	-	71,676
Investments with TMCP		-	1,086,719	-	1,977	1,088,696
Central Finance Board Deposits		62,463	-	-	-	62,463
Cash at Bank and in hand	14	78,100	94	14,034	-	92,228
*Total current assets*		223,715	1,122,055	14,034	1,977	1,361,780
Current liabilities
Creditors (due in under 1 year)	15	24,024	-	-	-	24,024
*Total current liabilities*		24,024	-	-	-	24,024
*Net current assets/liabilities*		199,691	1,122,055	14,034	1,977	1,337,756

*Total assets less current liabilities*		2,000,761	1,162,758	14,034	3,957	3,181,509

Long term liabilites (due afer more than one year)
Loans to the Circuit						-
						-
*Net assets*		2,000,761	1,162,758	14,034	3,957	3,181,509
Funds of the Circuit
General Fund(Unrestricted)		2,000,761	-	-	-	2,000,761
Circuit Model Trust Fund (Unrestricted)		-	1,162,758	-	-	1,162,758
Designated Funds(Unrestricted)		-	-	14,034	-	14,034
*Total Unrestricted Funds*	17	-	-	-	-	3,177,552
Restricted Funds	17	-	-	-	1,977	1,977
Endowment Funds		-	-	-	1,980	1,980
*Total Funds*		2,000,761	1,162,758	14,034	3,957	3,181,509

Signed

Circuit Treasurer

Southampton Methodist Cicuit

Circuit No 26/1

Cash flow statement for the year ended 31 August 2025

		2025	2024
Statement of cash flows	Note	£	£
Cash from operating activities
Net cash used in operatingactivities		(111,301)	(370,792)
Cash flows from investing activities
Dividends,interest and rents from investments		41,008	29,947
Proceeds from the sale of property,plant and equipment		655,554	1,638,712
Purchase of property,plant and equipment		(16,851)	(1,237,065)
Purchase of intangible assets		-	-
Proceeds from the sale of investments		-	-
Purchase of investments		-	-
Other		-	-
Net cash provided by investing activities		679,711	431,594
Cash flows from financing activities
New borrowing		-	412,250
Repayments of borrowing		-	(312,386)
Net cash used in financing activities		-	99,864
Change in cash and cash equivalents in the reporting period		568,410	160,666
Cash and cash equivalents at the beginning of the reporting period		674,976	514,310
Cash and cash equivalents at the end of the reporting period		1,243,386	674,976
		2025	2024
Reconciliation of net income to net cash flow from operating activities		£	£
Net income for the reporting period ( as per statement of financial activities)		(83,888)	210,108
Adjustments for:
Depreciation and amortisation charges		21,804	66,872
Profit on the sale of fixed assets		-	(683,712)
Loss on the sale of fixed assets		-	-
(Gains)/losses on investments		(29)	(3,012)
Gains on investment properties		864	(81,000)
Dividends, interest and rents from investments		(41,008)	(29,947)
(increase)/decrease in debtors		98,672	144,416
increase/(decrease) in creditors		(107,716)	5,483
Net cash used in operating activities		(111,301)	(370,792)
		2025	2024
Analysis of cash and cash equivalent		£	£
Cash in hand		154,691	90,733
Short term deposit (less than 3 months)		1,088,696	584,243
Total cash and cash equivalents		1,243,386	674,976

Circuit No: 26/1

Southampton Methodist Circuit

Notes to the Accounts

1. Basis of accounting

Public Benefit Entity

Going concern

The trustees believe that the circuit is a going concern.

2. Funds

3. Accounting policies

Basis

Income Recognition

Expenditure

Grants

VAT

Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers.

Tangible fixed assets for use by the Circuit

Investment Properties

Investment properties are held for their rental and/or sale potential.

Investments

Financial instruments

The Circuit has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial instruments issues' of FRS 102 to all of its financial instruments.

Debtors and Prepayments

Debtors include the prepayment of the September stipend in August, and loan to St James Road Methodist Church which is being repaid.

Creditors

Circuit No: 26/1

Southampton Methodist Circuit

4. Donatons and legacies	Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Donatons Legacies	0 - --144 - - -- -
Total 5. Charitable actvites - other	- - - - 144 Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Connexions Letngs Other	- - -- - 9,088 - -9,08813,095 - 5,242 -5,24277,070
Total 6. Investment income	9,088 5,242 - 14,330 90,165 Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Interest received	1,955 38,914 13941,00829,947
Total 7. Grants and donatons	1,955 38,914 139 41,008 29,947 Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Woolston Waterside Diocese of Winchester Hedge End Pension Fund Other	- - - -2,477 - - --4,000 - - --50,000 - - -- - - - - - 118 - -118100
Total 8. Other outgoings	118 - - 118 56,577 Unrestricted Restricted £ £ £ £ £ Circuit Model Trust Fund 2025 Total 2024 Total
Insurance Rates and utlites Legal and professional Interest paid Repairs and maintenance Accountancy Travel Pulpit Expenses Telephone Bank Charges Sundry Expenses Total	5,107 - -5,1078,986 14,916 - -14,91620,744 - 3,102 - -- 3,10224,806 - 2,218 -2,21819,057 - - --- 2,400 - -2,4007,030 5,508 - -5,5088,081 - - --240 3,990 - -3,9904,134 86 - -862 738 2,024 122,7744,497
	29,643 4,242 12 33,897 97,577

Circuit No: 26/1

Southampton Methodist Circuit

9. Payment to Trustees

£	This year - 5	Last year
		-

	5	5

Total amount paid

10. Fees for examination or audit of the accounts

Independent examiner’s or auditors' fees for reporting on the accounts

Other fees (eg: advice, accountancy services) paid to the independent examiner or auditor

£	968	900

£	2,400	5,880
£	-	-

11. Paid employees Staff Costs paid during the year were:

Gross wages, salaries and benefts in kind £ Employer’s Natonal Insurance costs £ Pension costs £ Levies £ Admin Charge £ Contributon from Meon Valley Circuit £ Total staf costs £ Average number of staf employed during the year were:	103,457
	10,099
	14,942
	373
	480
	-
	129,350
	5

Circuit No: 26/1

Southampton Methodist Circuit

12. Tangible Fixed Assets

One manse was sold during the year, and one investment property.

	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.	One manse was sold during the year, and one investment property.
Cost or valuaton	£ 211,000 211,000 0 0 0 0 211,000 - Investment Propertes
	£ Investment Propertes	Manses £	Other buildings £	£ Other fxed assets including motor vehicles	£ Fixtures, ftngs and equipment	£ Payments on account and assets under constructon	Total £
Balance brought forward	211,000	2,311,546	0	0	16,125		2,327,671
Additons		16,851			0		16,851
Revaluatons(+/-)							0
Disposals	211,000	460,000	0				460,000
Transfers *(+/-)	0		0				0
Balance carried forward	0	1,868,397	0	0	16,125	0	1,884,522
Accumulated depreciaton *Basis* Rate		50/50 split SL 2% 25%
Balance brought forward	0	63,583	0		12,647		76,230
Depreciaton charge foryear(-)		18,515	0		3,289		21,804
Revaluatons(+/-)							0
Disposals(-)		14,582					14,582
Transfers*(+/-)							0
Balance carried forward	0	67,516	0	0	15,936	0	83,452
Net book value
Brought forward	211,000	2,247,963	-	-	3,478	-	2,251,441
Carried forward	-	1,800,881	-	-	189	-	1,801,070

The "transfers" row is for movements between fixed asset categories.

Circuit No: 26/1

Southampton Methodist Circuit

13. Investments

Analysis of investment movements

Analysis of investment movements
	Thisyear Prevyear
Investments listed on a recognised Stock Exchange	42,683	42,654
Investments held in common investment funds,
Securites not listed on a recognised Stock Exchange
Other investments
Total	42,683	42,654
Change in investment values
Carrying (market)value at beginningofyear	42,654	39,642
Add:additons to investments at cost	-	-
Less:disposals at carryingvalue	-	-
Netgain/(loss)on revaluaton	29	3,012
Carrying (market)value at end ofyear	42,683	42,654

Circuit No: 26/1

Southampton Methodist Circuit

14. Analysis of current assets

Debtors and prepayments Prepayments and accrued income Other debtors Loans Total debtors and prepayments Analysis of cash at bank Bank balance Total Cash and Bank Analysis of current liabilites and long term creditors Other Creditors £ Total Current Liabilites £	This year £ 11,476 35,242 71,676 118,394 92,228 92,228 24,024 24,024	Last year £
		13,161
		81,161
		122,744
		217,066

		65,645
		65,645

	24,024	131,740
	24,024	131,740

15. Analysis of current liabilities and long term creditors

16. Capital Commitments and Contingent Liabilities

At the 31st August 2025 the Circuit has no capital commitments.

No Contingent liabilities were identified at 31st August 2025.

Circuit No: 26/1

Southampton Methodist Circuit

17. Loans

17. Loans
Source		Purpose of loan				Amount brought forward	New borrowings	Loan interest	Repayable in the year
						0			0



Repayment due					Totals	0	0	0	0

Due within 12 months	31/08/2023		0
Due between 1 and 5 years	31/08/2024			31/08/2025		31/08/2026		31/08/2027
Due later than 5 years
Note: the two totals X and Y must agree

Circuit No: 26/1

Southampton Methodist Circuit

17. Detailed analysis of individual fund movements

Unrestricted Funds

Unrestricted Funds
Unestricted Fund Name	Opening	Income	Expenditure	Gains/losses	Transfers	Closing Balance	Purpose of the fund
General	2,544,466 ~~l~~	201,758	238,815	(864)	(505,784)	2,000,761
CMT	703,022	44,156	90,279	75	505,784	1,162,758
Connexions	14,034	-	-	-	-	14,034	Pioneer connexions project funding
						-
						-
Totals Restricted Funds	3,261,522	245,914	(329,095)	(789)	-	3,177,552

Restricted Fund Name	Opening Balance	Income	Expenditure	Gains/losses	Transfers	Closing Balance	Purpose of the fund
Endowment funds	2,026	-	-	(46)	-	1,980	John Cannon Bequest
Northam funds	1,849	139	12	-	-	1,977	For outreach in and around Northam
						-
Totals	3,875	139	12	(46)	-	3,957

Endowment Name	How the capital is invested			The current value of the capital			Annual income	What the income was used for





	Totals			0			0

Southampton Methodist Circuit DECLARATIONS

Treasurer

I confirm that I have prepared the accounts from the records of the Circuit and that they include all funds under the control of the Circuit Meeting

Signature of Treasurer Date Name Richard Forbes Address 66 Shanklin Road Southampton SO15 7RF

Presentation to the Circuit Meeting for approval.

I confirm that the Accounts have been presented to the Circuit Meeting on

and were approved. Signature of the Chair of the meeting Name of the Chair of Rev John Hughes the meeting Date

Independent Auditor's Report Southampton Methodist Circuit

Opinion

In our opinion, the financial statements:

give a true and fair view of the state of the Charity’s affairs as at 31 August 2025, and of its income and expenditure for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.

Basis of opinion

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other matter

Other information

We have nothing to report in this regard.

Independent Auditors' Report Southampton Methodist Circuit

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

the information given in the trustees’ report is inconsistent in any material respect with the
- financial statements; or
sufficient accounting records have not been kept; or
the financial statements are not in agreement with the accounting records and returns; or
we have not obtained all the information and explanations necessary for the purposes of our audit.

Responsibilities of the trustees

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under Section 144 Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Independent Auditors' Report Southampton Methodist Circuit

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

agreeing financial statement disclosures to underlying supporting documentation;
reading the minutes of meetings of those charged with governance; and
enquiring of management as to actual and potential litigation and claims;

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Knight Goodhead Limited is eligible for appointment as auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Use of our report

CJ GOODHEAD FCA

Dated:

Senior Statutory Auditor

Knight Goodhead Limited

Chartered Accountants and Statutory Auditors

7 Bournemouth Road, Chandler's Ford, Eastleigh, Hampshire, SO53 3DA