South WanNlckshire Methodist Clrcult Reglstered Charlty Number 1154830 Trustees, Report and Audlted Accounts lor the year ended 31 August 2025 PDF processed with CutePDF evaluation edilion www.CutePDF.com
South Warwlckshlre Methodist Circult Trustees, Report for ihe year ended 31 Auiust 2025 Introduction Thls report and accounts covers the year to 31 August 2025. The CSrEvit seeks to live out the callin8 of the MethodI5t Church to respond to the gospel of God's love In Chrlst and to live out its discipleship and to.. increase awarenes5 of God's presence and to lebrate God's love help people tu 8row and learn a5 Chrtstlans through mutual support ènd Care be a 8ood nel8hbour to people In need and to challenge injustice The mlssion of ihe South Warwlckshlre Methodlst Circubt is to encoura8e and SUPPDrt people to be open and responsive to God. each other and the world. Revlew of the year The Statement of Flnanclal Actlvltles shows a net deficit on the General Ft4nd, before Investment and other reco8nlsed galns and losses, of £84,949 for the year. This rellEct5 planned utillsatlon of reserves to fund a poliry of spendlnB reserve5 on new Initiative5 to spread the word of God. During the year a new Leamington Spa manse was purchased and refurblshed to make it suitable lor a mlnlster. WheTh a Methodist Church closes, rhe managln8 trusteeshlp of any land and bulldings passed tr the ClrcuS1. If the plon is to dlsp05e of the buildlngs they are reco¢nlsed at lalr value In the Finantlal Statements of the Clrcuit. The galn aris5ng on reco8nlslng the value Is shown In the Statement ol Financial Activity and they are tla551fied as current a55et Investrnents Dn the Balance Sheet. The former church at Fenny Compton was sold lor E88.849 net of c05ts. This matched it ¢arrylng value ar the prevlous year end. Net expendlture of E37,470 on the Circult Model Trust Fundls after a District Advance Fund contrlbution of £61,599. At the year end totèl reserves were £3.S48,669. Of thèi £3.089,422 is held In fixed assets or property awaltln8 Sèle. come tr nds The princlpal funding sources durln8 the year were.. 11 Generul Fund A55es5rnents received from the churche5 in the Clrcuit.. £265,00212024.. £269,998). 21 Circuit Model Trust Fund.. Inve5trnent Income of £27,17712024.. £33,628). endlture The priThclpal items of Expenditure were the stipends of rninisters and provlslon of thelr maJse5, as WEII a5 the sa13ries of lay workers ernployed by the Circuit. Stipends increase each year In Ilne with increases approved by the Methodist Conferente. Lay workers are paid at or abDve the VIng Wa8e (determined each November by thè Livin8 Wage FoundatlDnl. Lay worker salaries are reviewed periodically to take account of any change in the Scope and scale of re5ponsibilitie5. individual performance and local cornparators.
Pogej South Warwickshlre Methodist Circult Trustees, Report lor the year ended 31 August 20251contlnued) ndlture trends ntlnued An a55essment of £62,56812024.. £56,8321 was pald to the Birmin8ham Methodist Dlstrlct. to support the work of the Methodist Dislri¢t and the wider Methodist Church. The annual contributlon to the District Athance Fund, £61.59912024: £33.4471. was an Increasè from the previou5 year as a result of the higher Model Trust Fund balance. The contrlbutlon is made under Standing Order 955161 and is a tarlff based on ClrcuSt funds held by the Trustees for Methodist Church Purposes at the prevlous year end. F ndbal At 31 Au8USt 2025 net current assets were £825,890 12024: £1,599,738). Once a bulldln8 Is sold the net proceed5 betome part of the Circuit Model Trust Fund. The transfer between funds of £502,422 represents Clrcult Model Trust money used to pay for the new manse less sale proceeds added to the Clrcult Model Trust Fund. Consequently, there is a 51Bnlficant reduction durlng the year. r 2025 26 and ears The Clrcuit alms to cover normal ongoing costs from ihe assessment IneDme. The cost of addltlonal mlssion activltiesls to be met from reserves. as15 rè aration of a ounts and le al fr¥mewo The Charity's annual report and account5 for the year ended 31 August 2025 have been prepared sn accordancè wlth the Charities Act 2011 and the Charities.. Statement of Recomrnended Practice 2019 as applicablè to the Flnancial Reportlng Standard IFRSI 102. These flnancial statements are subject to audlt owing to the gross asset value of the CSrcuSt exceeding the relevant threshold. Charity reilstratlon number: 1154830 Maln communlcatlon address . 9 Northvalè Close. Kenllworth, CV8 2EN
South Warwlckshire Methodist Clrcuit Tfustees, Report for the year ended 31 August 2025 (eontinued) Charlty trustees The members of the South Warwlck5hire Methodlst Circuit meetlng are the Charity Trustees. membership belng made up of clrcuit office holders, minlstèrs and representatives appolnted by the local churche5 (see Appendlx to Trustees, Report for a full list of Trustee51. The Circuit meeting delegate5 the day to day running of the clrcuSt to a leadership tearn. Clrcult Leader5hlp Team for the yeDr to 31 Au8USt 2025 Active circuit mlnisters Rev lain Ballard Rev Sally lones Deacon lane Mllls Rev Tlna Brooker Aev Richard Wilde Ipart timel Shella Brown Christopher Bensu)n David Witham (Treasurer) Davld Wltharn acted as the prlncipal officer overseeing the day to day financlal maTra8ement and accounting for the Clrcuit durin8 the year. Clrcultstewords Audltors JW Hinks LLP- Chartered Accountants and Statutory Audltors 8ankers Central Finance Board of the Methodlst Church Trustees for Methodist Churth Purposes CAF Bank Alms and or8anlsatlon The charlty's oblective is to act as a resource provider in South Warwlckshlrè for the MethodI5t Church. The purposes of the Methodist Church are and shall be deerned to have been since the Date of Union the advancement of: al The Chrlstian faith In accordance with the doctrinal standards and diKipline of The Methodlst Church,. bl Any charitable purpose for the tlme being of any Connemional. Di5tricL Circuit, local or other or8ani5ation of The Methodist Church,. cl Any charltable purpose for the trme being of any society or institution subsidiary or anclllary to The Methodist Church; dl Any purpose for the tlme bein8 of any charity being a charity subsldiary Dr anclllary to The Method15t Church.
South Warwick5hire Methodist Circult Trustees. Report for the year ended 31 August 2025 Ifontinuedl Alms and organlsatlon Icontinuedl The Circuit encourages and Supports the Methodist churches In South Warwlckshlre in.. the organisation and resourcin8 of regular public acts of worship which are open to members of the church and non members alike. - the tea¢hin8 of Christ13nity through serrnon5, courses and small groups. the re50urcln8 of pastoral work Including visitlng the Sick and bereaved. tsking religious assemblies in local schools. -promotion of Chrlstlanity throu8h the 5taglng of events and seNltes. -provlsion of club5. activltles and support groups wlth a Chrlstlan ethos. supportln8 Other charities In the UK and Dverseas flnancially and with prayer. The Clrcuit reviews its aSms, objective5 and a¢tlvitles and identifies DPPOrtunitles for future actlon. It promotes misslon and Blves appropriate support to churches that demonstrate that they are outward looklng. mlssion focused, not averse to change and taklng rlsk and, where posslble and approprlate, seekin8 to V40rk In partnership wlth others. Publlc Benefli The trustees conflrm that they have had regard to the Charity Cornmlsslon's guidance on public benefit. Structure. Gov•rn•nce ¥nd Mana8*ment The 8overnln8 document for the clrcult Is the Deed of Union119321 and Methodlst Church Act119761. Detailed governance arrangements are outlined withln the Constitutional Practice and Di5clpllne of the Methodlst Church by order of the annual conference ICPDI. Day to day management of the Circult is undertaken by the Clrcult Leadershlp tearn. Selectlon ot Trustees and TraInI of Trustees Trustees are appointed a5 set out in the Constitutlonal Practlce and Dlsclpllne of the MethodSst Church. Appolntment Is made by local churches or existing trustees or. In the case of mSni5ters, on statlonlng In the Clrcuit. A r3nge of guldance produced by Methodist Connexion 10 SUPPOrt the effective runnin8 ol the Clrcuit 15 given to CSrcult Meetin& mernbers. In particular the leaflet'The Role of a Trustee In The Methodist Church, is given to all new Circuit Meetin8 mernbers as Inductlon to their role as trustees. oiher trainln8 is provided to Trustees appropriate to their role and responsibility withln the Clrcuit. Related Parties The CirEUIt was part of the Birmingham District. untill 31 August 2025 when that distrlct combined wlth another to form the West Midland District, and15 also aetountable to the Meihodist Conferenc2. The followin8 Methodist Churches and Local Ecumenical Projects ILEPI are linked to the Clrcult.. cubbinON, Dale Street, Henley in Arden. Kenilworth, Kineton, Radford Road ILEPI. Stockton ILEPI, Stratford upon Avon. Welford on Avon. Warwlck, Wellesbourne and Whitnash. The tiustees and their close family members are also related parties.
South Warwick5hire Methodlst Clrcult Trustees, Report for the year ended 31 Au8U5t 202S l¢ontlnuedl Poge S Rlsk Management The major risks have been identified and recorded by the Circuit Leadership Team wlth professlonal advice tèken as required. There is a regular annual review process undertaken and recorded. Income and expend5ture is compared with the apprDved annual budget on a half yearly basss to detert trend5 as part of the rlsk management process and avold unloreseen calls on reserves. S•le8uardlni Every person ha5 a value and dignlty whSch comes dlrectly from the creatlon of male and female in God's own Imagè and Ilkene$5. Christians see this potentlal as fulfilled by God's re-creatlon of us in Chrlst. Among other thlngs th15 Implles a duty to value all people as bearing the image of God and therefore to protect them from harm. MethodSst Connexional practice outlines commitment to the followlng pr5nclples-. the care and nurture of, and respectful pastoral mlnlstry with. all children. young people and adults. the safeguirdin8 and protectlon of all children. young people and adults when they are vulnèrable. thè e5tablishin8 of safe, caring communltles which provide a loving envlronment where there Is nformed vigilance as to thè dangers of abuse. We wlll carefully select and train all those with any responslblllty wlthin the Church, In line with Safer Recruitment princlples. Including the USÈ of crlmlnal records dlsc105ures and re8lStratlon wlth the relevant vettln8 and barring schemès. We will respond wlthout delay to every complaint made which suggests that an adult, child or youn8 person may have been harmed. cooperating with the pollce and local authority in any investigatlorn. We will seek t() work wlth anyone who has suffered abuse, developing wlth them an appropriate ministry of Informed pastoral care. We will seek to challenge any abuse of power, especlally by anyonè In a positlon of trust. We will seek to offer pastoral care and support, includlng superv15ion and referral to the proper authorities, to any mernber of our church communlty known to have offended 08aln5t a child, young person or vulnerable adult. • In all these prin¢iple5 we will follow leglslatlon, guldance and recogni5ed 8ood practlce The Circuit commits Itself to ensuring the implementation of Connexional Safeguardlng Policv- government legislation, 8uidance and safe practlce in the clr¢uit and In the churche5. The Circult commits Itself to the prov15ion of support, advlce and traSning for lay and ordained people that will ensure people are clear and confident about their roles and responsibllities irtr safeguarding and promoting the welfare of children and adult5 who may be vulnerable.
South Warwlckshire Methodlst Clrcult Trustees, Report tor thè year ended 31 August 2025 Icontlnuedl Reserves Policy The Reserves Policy for the Cirtuitls to hold a mlnlmum sum equivalent to 4 months, average expeThdlture. Thls should be sufficient to meet any unforeseen item of major expendrture on manses and contlnue planned actlvltles for the short term In the event of any inability to ralse the full circuit asse55ment from churches. At 31 August 2025, the CSrcult held reserves of £825,890, excluding reserves held as tangible fixed a55ets. Thls represents £646,766 In excess of the amount determined under the Circuit'5 reserves policy. The Cir¢uSt continues to develop a strate8V to utlllse surplus reserve5 for the furtheranct cf its Dbjectives. The Clrcuit Meeting has agreed that the followlng costs should be excluded from the base for calculat5n8 assessments on churches and will be funded from re5erves'. Manse refurbi5hrnent costs In exce55 of regular malntenance Costs of part time presbyters for the length of thelr appolntments Cost of addltional mission focussed rninistry Costs of malntainin8 and admlnlsterlng surplus property Grants The poliry 5s contlnuln8.
South Wwitk8hlr• MethodSsl Clr¢ult Trust••s' Rgportlorth¢ y•ar •Jded 31 Avo¢ 2025 (¢ontlnu•dJ Thé trustees are re5ponsIid for preparkn8 the Report gf the Yru5tees and the flnanclal $tafements In accordance wlth p[able and Unlted KIdaM A¢countln£ 5tsrthrds IVnlte(l Kid0M 6•nornlly Acc•pted AccouThtln8 Practl¢•l. The law opsCabIe to charftles In EnBland andw41es.the CharlknAct 2011, Charlty IAtCOUnts Reports) Re8u100ns 2CW andthe provlslons of the trustdqed requlras the trust•es to prepare fln•ndal stsiements lore•ch flnwthl yearwhl¢h glve4 true and hlr vt•w of the state of èffalr¥ of ihe thirlty Ind of tho IrKomln¥ rn50vrces and appllcatk>n of r•sources. Includln8th• Income PendIt of the charftyfor that peTl&d. In prepaTlng those ffn¥thI stitmrtents. th• trust•es requlred to -select Sultae account potleS and then opply them conststentW,' - observe the rnethodsaThl prfndples In the Charlty 50RP: . makelu(em•ntsand estInlIS that are reasonable and prudenl. - prepare ihe na[lI statemonts on the go1 concern tsa$ unless It15 In•pproprthte to pre5um¢ thjt th•crity111 rontFnue In bwJrw55. Th•trust•os are re5ponslt4• fork•eptftff prop•raccountln8 record5 whlch dlsdose wlth rèasomble accuracyat anytlmeth• finandal posltlon of the charfty Ind to en•bk th•m to •nsure th•t the finandal statements comply wlth the Chirttlos Act 2011, the ChBrty IA¢counts and fl•portsl Rp8ulatlon5 2008 and the pro¥W5 Dlthe tntst dEed. They are a>so r•spon51ble lor saleuuardlrb8the a5s8ts of the chorlty and hence fortaklng reasoTrabJ• 5tepsforthe preventlon and detectlon ol fraud and other Irre8ularftle$, Apwoved by orderofthe board of truAee5 on 17Junv2026andsJ¥ned on itsbohalfty.. Rev loln Bollord SupertntendentMln15ter
Appendlm A Poge 9 South Warwick$hlre Methodist CIKuSt Circuit Meetln8 Membership MINISTERS Rev Dr lain Ballard Rev Sally Jones t>ea¢on Jane Mi115 Rev Tina Brooker OTHER MINISTERS RESIDING IN THE CIRCUIT WHO WISH TO BE MEMBERS OF THE CIRCUIT MEEnNG Rev E Brian Mason Rev Richard WiLda Rev Oavid Butterworth Fr¢)m 11 Saptemb8r 2024 CIRCUIT STEWARDS David Witham - Treasurar Sh8ila 8rown Chrlstopher Benson LOCAL PREACHERS REPRESENTATIVES Russ611 Blackw911 CHURCH REPRESENTATIVES Dale Str•et & Cubblnilon June Gabbllas Jill Lloyd Mark Whllehouse Davld Sandv Graham HLe Derek Dwyer Klnetorb & Wellsbourne fioger Cart8r Keith Hi¢ks L Jane Aimell Sandra auaiterman Trlcla Wilkinson SRlly Mccawley Jonathon BurTQWS Flona Pethlck Margaret Bull Andrew Davidson Heather Chamberlain Janel Grant Philip Ledgard R Margar8t 81akemor8 A1reW Stedè Anne Oliver Julie 8arr Ken Hayward Trevor Wllls Ethard Timmins Mauri Mills To 11 Mqy 2025 To 11 May 2025 From 11 May 202S to 16 June 2026 From 16 Jun8 2026 From 11 Seplemb8r 2024 To 18 September 2025 To 9 June 2026 Frorn 9 June 2026 Kenllworth From S Juno 2025 Rdford Road stockton Stratford upon Avon Inc Henley In Arden Warwlck & Whltnash To 1 4Jrll 2025 Welford upon Avon OTHERS APPOINTED Climate Chanie Safeguardlng Archlvlst CLEG Mark Boulton Penglop9 Sharps Edward Royle Lindsey Sulliva To 3 D•¢ember 2024
Puqejo South Watwickshire Methodist Circuit Statement of Flnancial Attlvities ISOFAI for the year ended 31 August 2025 Yur•nd•d 31.1.25 Yearènded 31 8.Z4 Income AssessmEnt5 from chur¢hes Lettlngs Grants orher 265,DD2 62,1?3 27.ts41 165,LhJl 61113 27,041 31.191 269.998 23.876 269.998 23.176 22.318 37.139 353,93] Zg.591 4149 33.678 Total Income J•7,777 17.177 a2Q,303. 33.61 Expendlture Stipends, salare5, Nl, Penslon Oistrlct A55e55ment Telephone & travol I72.3 Z72.105 61568 1&127 16,052 280.B51 56,832 280.851 56,83? L8,942 28.335 3.053 5.834 Maintenance on manses OffiEe costs Sur Iu5 propertles Other Expèndlture Grant5 and donatlon5 Depreciation Contrlbutlons to Olstrlct Advance Fund endlture 18,D82 15,198 39.954 I906 514 39,¥S4 3,048 15,273 9,681 2.058 2,SYO I,syo 61,SY $37J73 2.058 61.S99 .647 1,726 438,Ots 473,053 Net lexpendlturel /lncom• Other recoznised ialn5 ond IossEs Gain on dlsposal ol fixed asset Chan8e in faSr value of property held lor IJ7A701 216,439 286,439 Reclasslflcation of funds Transfers between funds Draw down from model trust 14et movement in funds RÈtonclllatlon of funds.. Total fullds broughttTrrward Tolal Ivndscarrt¢d forward 114.5861 17S8,3681 758,368 1120.0001 636.946 12fj.ll(Ki 537,a7a 112D.nllQl 1659911 120,OUU 142,711 2.519,501 115W4 I.U51.517 99L595 3.671, 414,641 I,r61.587 3.528,3fj7 3.671,008 ,619.501
StyrthWarkksNrv IA•thadlJt Clrtult B•larKe Sheets at 31 Auw5t 2025 Gmernl Fund IUnr•Sb*dl tir(ult Model Tru51 Fund Iunrutwktedl 31 Au8u5t 1014 202$ TanBlblt Flxed Aw•ts L•nd. buildin85 & equlpmént lrtve%iment property 12 2.722.7T9 I,nz.m 2.071.350 Z.722,779 1712,Th I071,35CI urre Inves rnEn Debtors and prepayments Trustees for Methodlst Church PurpoJe5 Central Fln•nce Board DeposK5 Cash at bank 14 33.842 1.421 )90,274 J5,263 390.174 68A55 15.390 291,Z92 937.987 78.185 8,5 66,455 15.398 39L rJ•dltorn •nd d¥• In urth I Is 50,143 171,223 4a4,195 J•i, 1,599,730 3.15&974 3.671,(8 F4mOsdth•Clr(ult Glneral Fund Clrcuit Model Tryst Fund 16 16 3.156.974 2.619.501 1.051.587 3.671,08 391.69S J91,69S 31,69S J.Yl.669 3..9? SlID.. 17 Junq 2016 Withom FfA Clrcuit freosvrer
South Warwrtkshire Methodist Clrcult Notes to the Accounts for the year ended 31 AuBUSt 2025 Poqe12 l. Basls of a¢countinB The flnancial Statements of the chadty, whlch Is a public benefSt entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 1021"Aciounting and Reporting by Charities.. Statement ol Recommended PradSce applicable to charities preparlng thelr accounts with the Financial Reportin8 Standard applicable In the Unlted Kingdom and Republic of Ireland IFRC 1021 (effective l January 20191" Financlal Reportlng Standard 102 The Flnanclal Reportin4 Stsndard applicable In the UK and Republlc of Ireland" and the Charltles Act 2011. 2. Publlc ben•flt entlty The charity constitutes a publlc benefit entlty a5 dellned by FRS 102. 3. Consolldatlon The Clrcult has denomlnotional regulatory oversight In respect of the work of the Churches wlthSn the Circult bui has no legal or operatiL)nal control of those Churches and their governln8 bodie5 except in extreme civcumstèntes. Fof thls reason, the financial statements of those Churches wlth5n the Clrcult are not consolidated into these flnanclal statements. 4. Accountlni pollcle5 l. Income Recognltion Incorne Is brought into account when the Clrcult becomes entitled to the resource5 and the Trustees believe It 15 more Ilkely than not that they w511 recelve the resources. and the monetary value can be measured with sufflcient rellablllty. In accordance wlth ChatIeS SORP IFRS 1021. the tlme of volunteers15 not recognlsed. 11. Expendlture ind Ll•blllde5 LiabllStles are recognised where Ir is more Ilkely than not that there 15 a legal or construcrive obli83tlon commlttlnB the Trustees to pay out resources and the 3mouni of the obllgation can be measured with reasonable CErtalnty. 111. Grnnts Wherè there are no conditions attaching to a Brant made by the Clfcult from its own funds, the grant15 recognised Sn full at the time of agreement to make the grant. Where the Cirtult Elves a granr with condltlons for its payment. being a speclfic level of 5erwlce or output to be prtswided. the grallt is only recognised In the SOFA once the rEcipient of the BTant has provlded the specified servlce Dr output. When the grant to be accured is recurrent Dver more than one year, the balance payable In future years Is rated as a provlslon for future commltments in the 8alance Sheet a8ain5t the appropriate fund, the provlslon being released In future years a5 instalrnents are pard In accordance wlth the originally a8reed term5. Iv. VAT Since the Circuit is not VAT re8i5tered, all input VAT Is charged wfth the expense5 to which it refers.
South Warwickshlre Methodist Clr¢ult Notes to the Accounts for the year ènded 31 Au8u5t 2025 4. Accounting polldes Icontlnuedl V. Tanglble fixed assets These are capitalised if they can be used for rnore than one year, and Indlvidually c05t at least £250. The freehold property held at I September 2015 is shown in the accounts at 2015 deemed value, bein8 that property's insurance reinstatement value. The freehold property purthased after 15eptember 2015 is 5h¢wn at cost on acquisition. The frèehold prDperty acquired at the merger wSth part of rhe Stratlord and Evesham Circult 15 Shown at the value prevlously used In the accounts of that circuit. The land tomponent Of the freehold property Is deemed to be £50,000 per property- No deprtclation Is provided on properry because the Trustees con55dei the current resldual falr value of the property In Its present condition to be not less than the value at whlch 5t 15 Stated In the balJnce sheet and, Sn the absence of any evldence ol impalrment, any depreeiation for the bulldln85 component ol the property would be immaterlal. Depreclatlon Is provided on flxtures, fittinqs and equipment on a straight Ilne basls over three vears. ¥1. Propertl•s held tor Sale From tlrne to tlme the Circuit may be required to assume respon5ibillty for Church prerni5es lollowlng closure and essat5on of worshlp. This results In the Clrcuit Trustees becoming the mana8in8 trustees for the property so that the Tru5tee5 declde whether the property can be used in a dlfferent way to further the m¢s5ion of the Circuit or whether It 15 redundant ènd should be sold. If J declslon Is made to sell the property, it 15 classified as a current sset Investment. Slmilarly, any oiher property held lor resale would be a Current asset Inyestrnenl. Such propertles are recognlsed as an asset at Its antlcipated net sale prlce as determlneé by a profe551onal valuation and after takln8 èccounl of the levy to be charged by the Connexion. Any expendlture on the property that 15 Ilkely to enhance Its sales value is capiialised ai the time that the expenditure 15 incurred. Wherp proceeds are Intended to be spent on actlvities, the property15 Included in assets at the lower of cost and net rEallsable value. vll. Debtors, credltors. bank and c35h Debtor5 ère stated at Settlement amount or amount advanced by the tharlty. Subsequently they are measured at the cash or other consideration empected to be received. Credltor5 are Initially recognlsed at Settlement amount fter any trade dlscounts, where normal credlt terrns apply, or the arnount advanced to the CireuSt. Subsequently Creditors that are current Ilabilitles are measured at cash or other conslderation expected to be pèld. The liquid funds ol bank balance5 and deposit fund balance5 are shown at thelr realisable values. vlll. Methodlst Connexlon41 Funds The Methodist Church Connexlon ralses asses5ment5 a8ainst Clrcuits and these are paid quarterly to their Districts. The Circuits ralse assessments against Churches in the Clrcuit. The District remits to The Methodist Church Fund rn051 of the sum received from Clrcults. A small sum is retalned by the Dlstrlct to meet hs own costs.
PGqe14 South Warwickshire Methodist Circuft Notes to the Accounts for the year ended 31 AuBust 2025 4. AccountlnB policies Icontlnuedl IM. Ministers, Manse Cost5 The Circuit Is required to provlde accomodatlon for each minister In the Circuit and thelr families and ministers are expected to OCCUPY the manse provlded lor thèm. The Clrcuit bears the c05t of repalrs, rnalntenance, bulldlngs Insurance, Council Tax and water Charges, as well as the c05t of ministèrs, removal to the Circuit. Where any manse costs are viewed by HMRC 35 taxable beneflt5 to the minister, the resulting employer Nl charge 15 included as part of the Nl cost far the year. 5. ASS0mentS Irom Churches Durln8 the year end the Clrcuit comprlsed 10 church counci15 which were assessed for a contrlbutlon to meet the overall net core, ongolng ¢05t5 of the Clwult. Normally, 80% of the assessment 15 apportioned to the Churches on the basi5 of thelr adjusted income, includin8 only 50% of letting income to allow for increased running Costs and excludin8 one-off receipts, and 20% of the assessment is apportioned on the basis of their unrestricted reserves. Year ended 31.8.25 Year ended 31.8,24 Cubblngton Dale Street linc Cubblngton 20251 Kenllworth Klneton Ilnc Wellesbovrne 20251 Radford Road Stratford upon Avon and Henley In Arden WarwSck Ilnc Whltnash 20251 Wèlford on Avon WellesboLtrne Whltnash 18,324 62,136 62,664 7,153 9,228 51,148 36,144 5,393 10,400 7,408 76,104 63.504 17,408 10.248 49,268 43,284 5.186 6. Leltinis Lettlngs income relate5 to either manse5 that are not required to house Clr¢uit minlsters in the short term or church bulldings where the clr¢ult meeting is the managing trustee body rather than a local church countll. Letting income 15 shown gr0$5 of fees and commission. 7. Grants During the year the Circult clalmed gyants from the District Advance Fund relatin8 to part of the costs incured by emplDyin8 a missioner and operating the Nourish project.
PogeJ5 South Warwlckshire Methodlst Clrcult Notes to the Accounts for the year ended 31 August 2025 8. Other Income from Charltable Actlvlties Unrestricted income of £31.196 Sncludes relmbursement from the Coventry and Warwickshire Unlversity Free Church Standing Committee IFCSCI of £20,359, being expenditure by the clrcult In provlding on the payroll cost of a chaplain at the Unlversity of Warwlck, and £10,000 from Cubbington Methodist Church relating to the maintenance required when the Circuit took resDon5ibilitv for their buildinA. Tear Year 9. Interest recelvable UDrpstrfrt•d tlrcult Model Trurt Fund end•d 31,8.25 ended 31,8.24 Central Flnance Board Trustee5 for Methodist Church Purpose5 CAF Bank Total Z,390 2,390 27.177 25 29,592 4,086 33,628 25 37,739 27,177 25 2,415 27.177 io. stlpends. Salarles and Assoclated costs Staff Costs paid durin8 the year were: Year ended 31.8.25 31.8.24 Totsl Total Mlnlster5 Iclrcult Trustees) Mlsslon Admlnlst. staff ratlon Gross stlpends and 53larles Employer's National Insurance costs Pension costs Apprenticeship Le Total Staff costs ISO,652 15,686 27,918 855 195,111 27,670 2,914 1,660 141 32.385 41,608 219.930 3,137 21,737 363 29.941 199 1,195 45,307 272,803 221,310 17,699 40,638 1,204 280,851 Avera8• number of full tSme •quivalent number ot Staff employed dUrf the year were . Ministers Mi5SlOn Staff Administration 4.73 5.17 1.00 1.79 7.96 1.60 7.33
Puye16 South Warwickshlre Methodlst Clrcuit Note5 to the Accounis for the year ended 31 Aueu5t 2025 10. StSpends. Salarie5 and A550clated costs Icontlnyedl No employees received employee benefit5 that lotalled more than £60,000. There Is no accrual for holidav Pav as It 1$ immaterial. All staff are paid at or above the living wage as calculated by the Living Wage Foundation. Methodist Mlnlster5 are noi employee5 of the Methodist Churth although for slmpllcity, when accountlng for Nation31 Insurance and penslon contribution5, the terms Employer and employee are used a5 they would be in an employin8 body. Contrlbutlon5 are made to the Methodlst Ministers, Pension Scheme fDr all mln15ters. Thls Is a deflned benefit scheme which 15 accounted for in the financial statements of the Methodist Church In Great Britlan. This scheme is In deficit but a plan lor the removal of the dellcit Is belng Implemented. Lay worker5 have the option of lolnSn8 a deflned contrlbutlon pension Scheme whlch the Clrcult has Set up wlth TPT Retlrernent Solutions. Each mlnister is entltled to a 3 month sèbbatical every 7 years and the expeThses Incurred by the mlnlster are met by the ConnexSon wlth the CSrcult continuing io pay the stipend, The Circuit does not accrue for hollday pay cover a5 the remalnlng staff cover ès needed wlthout extra pav. P•yments to Trust•e5 The Superlntendent Mlnlster, other minlster5 01 the Circuit and the Clrcuit Stewards constltute the Clrcult Leadershlp Team and are considered as Key Management Personel. The Superintendent chairs meetln85 Df the C5r£ult Leadershlp Tearn and the Circuit Meetln8. The Clrcult Leadershlp Team. together with church and other representatives, are rnernber5 of the Clrcult Meetlng and are the Trustees of the Clrcuit. The stipends, empltsyer's Natlonal Insurance 3nd employer'5 penslon contrlbutign5 and other expense5 of the min15ter5 of the Clrcult are paid by the Clrcult. as determined by the Methodlst Church, and are separately dlsclosed as part of stsff costs above. Manses are provlded by the Clrcult and the Clrcuit maintalTrs the prapertv. Ye•r ended 31.8.Z5 31.8.24 Payments made to trustees wh¢ are part of the leadershlp team Travel expenses Phone expenses £10.672 £3,267 £13,939 £11,461 £3,830 EIS,291 Payment5 made to trustees who are not part of the Clrcuit Leadership Team for dditional servlces- preaching fee5 and related expen5e5 £785 £475 Number of trustees who were paid expenses 11. Fees far audit of the •ccount5 Year ended 31.8.25 31.8.24 £4,020 £3.780 Audlt fees
Pagt17 South Warwlckshlre Methodlrt Clrcult Note5to the Accounts for the year ended 31 Au8USt 2025 11. T•ible FIKed A65ets Marthos Land Mans Flttlnis & Byildlttos fquipm•nt TJt•l Co¥¢ orwluatlorl Balance 8t I September 2024 Additions DSsposals Balance at 31 2025 250,( 1,819,474 50,DOD 6l,265 10.261 3,754 2,079,735 654,019 300,000 2.419,739 11,654 2.732,393 Deprecl•tlon Balance at I Septembpr 2024 Dispos31s CharBe af year Balance it 31 Auiurt 2025 8,385 11,3611 2,590 9.614 2,590 9,614 t book ¥•lu• At 31 August 2025 At 31 August 2024 300,000 zNig,7a9 1.721,779 Ba$ of d•prid•tlgn ne 3 ye•rs Puwch•s• uf 35 StJ•m•i'i mdOW ftg•d, L•imln8ton Sp Purchase prlce Plus.. Expen5e5 of purChQ Improvements to brlng up to standard 582,$00 1,9Ql 64,864 67.765 Totsl man 4t 31 Auiust2025 rompilse,. 9 Northvale Close, KonSlworth 101 West Street. Warwick 22 Gardiner Road, Klneton Gl Murcott Raad East, Whltnash la Hillsldp Road. Slramord Up Avon 35 Sl J4rTh)s's Meadow Hoad Oci Occupied by Circuit MIDlSter Let on cornmerclal tErm5 Occuple.d by Concxtlonal Mlnlster O£cupied by Clrcuit Mln15ter Occupled b Clrcult Mlnister 11. Current Im¥rtments The fail value at 31 Au6USt Is made up of the f&lowln8 prgpertIes'. jIA$t 10 31 Au8u5t 2024 Fenny Compton ch4pEI Tysae chapel Itkleton chapel ènd hall 88,849 208,D40 158,603 455,492 208,040 158.S03 366,643 Durfng the year to 31 August 1025 theformer chapel * Fenny Compton was sold. Balanee at I September 2024 88,849 Net proceeds of sale Balance at 31 AJÈust Z025 88.849
South Warnvltkshire Methodist Circu5t Notes to the Actounts lor the year ended 31 Auwst 2025 Pqgt 18 14. Oebtors 31 Auiust 102S 31 August 2024 Prepayments and actrued Income Other debtors 35.263 31.292 260, 291,292 35.263 IS. Credltors due In lem than one ye•r Accrua15 and deferred income Other creditor5 50.143 20,808 150,415 171.223 50,143 General Fund l& R•*rv•s Model Totsl Trust Fund At I September 2024 Net lexpendlturell Income tor the year Transfers between fund5 Drawdown from CMTF At 31 Ausust 2025 2,619,501 1.OSI,587 3,671,088 184,9491 137,4701 1122,4191 502,422 1502,4221 120,000 1120,0001 3,156,974 391.695 3,548,669 The purpose of the General Fund 15 for use at the dlscietlon of the Trustees In the furtherance of the objectives of the Circuif, About 96% of thls fund is held a5 freehold property and so is not available to meet expendlture in the short term. The purpose ol the Clrcuit Model Trust Fund ICMTFI Is for use at the discretion of the Trustees In the furtherance of the objectives of the Clrcuit. Its maln source of Incomels contrlbutlon5 from the sale of manses and church bulldin8s in the Circuit, after contributlons and levie5 to the Connexlon determ5ned by the Methodist Church. Althou8h technlcally an Unrestrlcted Funé under the control of the Circult Meetlnq, prior approval 15 5tlll required from the District to utllise these fund5.
Page 19 South Warwickshlre Methodlst Clrcult Notes to the Accounts tor the year ended 31 August 2025 17.Related party transa¢t5ons Year ended 31 August Year ended 31 August 2025 2024 Pald to or Paid to or goods goods provided to provlded to related related party paitv Name of related partv Relatlonship Description ol transactlon Income from related partv Income from related partv Methodlst Churches withln the South Warwickshire Clrcuit Kenilworth Methodist Church Churches withln the Circult A Circuit Church Assessments Ishare of Circult costs) 265,002 269.998 Eco 8rant towards solar panels Eco grant towards battery storage. S,368 Stratford upon Avon Methodlst church A Clrcuit Church 4,313 Birmingham Methodist D15trirt Methodist Assessment (share of osts ol District and Methodist which Circuit 62.568 56,832 Birmingham Methodist Distrlct Methodist District in which Circult Contribution to employment and project costs 27,041 8lrmingham Methodist Dlstrlct MethodSst Olstrlct In which Clrcuit District Advance Fund contribution 61,599 33,447 Cubbin8ton Method15t Church A Circuit ChuTch Contrlbution to maintenante 10.000 KinEton Methodlst Church A Circuit Church Eco grant towards heating contro15 443 There werE no amounts owed to related parties at the year end.
South Warwickshlre Methodlst arcult Notes to the Accounts for the year ended 31 August 2025 PègE20 17. Contln8ent Llabllltles and Capltal Commltments At 31 August 2025 the Circuit has no contracted capltal commStments. However, the Clrcult Meeting had authorlsed the purchase and fittment of solar panels and batteries at the manses occupied by minlsters. The expected cost wa5 £62,000 of which £29,000 was expetted to be covered by 8rants. At 31 August 2025 there were no contlngent Ilabllltles.
p•J•21 Indepemdent Audfjtorfs Rewttothe TWU#• of South War•Jltkshlre Method15t Clrwlt Oplnlon WE have audlted the flnanclal statement5 of South Warwlckshire Methodist Clr¢ult Ithe'charity'l forthe Year ended 31 Au8USt 2025 whlch comprise of the Staternent of Flnancial Actfvltles, Statement of Cash Flow5, Balance Sheet and notes ta the financial statements, including summary Df gnIficant accountin8 pollcSes. The financial reportin8 framework th3t ha5 beet) applied in thelr preparatlon is appllcable law and Unlted Kingdorn AtcotsntSn8 Slandards, includln8 FSnancial Reportin8 Stand8Id 102 The finGncio1 Rtportlno StLTndordopplJctsble In the UKond Republlcollrelond Ivnited Kingdom Generally Accepted Accounting Practlcel. In Dur oplnlon the fln3nclal statements.. glve a true and fair view of the state of the charlt¢s affalrs as at 31 Au8utt 2025. and of bts InEomln8 reUrceS and #pplicatioft of resource5, includin4 its Income and e*penditure, for the year then efided.. have been properly prepared in accordance wlth Unlted Klngdom Generally Actepted Aceeuntlng Practlce,. Ind have been prepared in iicordance wlth the requlrements of the Chiritle5 Act 2011. 8¥1$ for oplnlon We ¢onducted our audit in accordance wlth lThternatlonal Standards on Audltlng IUKI IISAS IUKII and applicablp law. Our responsIlItIeS under those standards are further described in the Audltor's re5P0Tr51billlles for the audlt of the fln8ntial statements section of our report. We are Independent of the chtyrlty in accordance wlth the eihlcal requlrernents that gre rtlewant to our oudit of the financlol statements In the UK, Intludlngthe FRC'S EthScJl Standard. and we have lulfilled uur other ethlcal respcinslbilitles In accordance with these requlrements. We belleve that the iudlt evldence we have obtalned is sufficient and apprtsprl3te to prAde a bas15 for our oplnlon. Conclu51on5 r•l•llngto8oln8 ¢onc•rn In audltlni the flnantlal statement5. we have concluded that thetrustEes' use of the Koing cDNtem basls of 3CCOUnt5ng In the prEpar4tlDn of the Ilnanclal sialements Is appropriate. 8ased on the work we have performed, we have not Identlfled any materlal uncertalntles r13178 to events or conditlons that, Indl¥ldually ar collectlvely, may cost Si8niflcani doubt on the rhailtable ctsmpany'5 ablllly to ¢ontlnue as a 8oln8contern lor a perlod of at least iwelve months from when the flnanclal ststernent5 ar? aurhod5ed for15sue. Ouf respon5INlltles and the fespon5ibllltlès af the trustees wlth Te5pert to 8thn8 concern are descrlbed In the relevant $ectlons of th15 report. Othtr Inlorrnatlon The trustees aTe responslble for the other Informatlon. The other Inlorm•tion compr15e5 tht informatlon Includod In the trustees annual repo other than the financl315taternents and our audltor's report thereon. Our opinion on the flnanclal statements does Dot coverthe other Inforrnatlm and, except to the extent otherwlse explldtly 5t•tEd In our report, we do not express any lorrn of assurance condu5i0n thereon. In connection wlth our audlt of the flnanclal statements, our re5pgn51blllt¥ Is to read the other informatlon and, In doing so, conslder whether the ather Informatlon is materlalfy Snconsistent wlth the financlèl statements oi our knowledge obiainpd in the audlt or otheTWi52 appears to be materlalty mlsstatpd. If we Identlfy 5u¢h materlal inconsistencie5 orapparent rnaterial mlsstattmtnts, we are requlred te determlne whether there15 a material mlsstatement In the flnancial statements or a material rni55tatement of the othEr informatlon. If, based on the workwe have performed. we conclude that there is a material rnis5tatement of this other Inforrnatlon, we are requlred to report that fad. We have nothing to report In this reuard. Mwltery onwhlch we are requlred tD report by exceptlon We have nothing to report in respect of the following matter5 in relatlon to whlch the Charitles (Accounts and Reports) Re8ulatlOn5 2C¥J8 requlre us to reportto you if, in our opinion. the information gNen In theflnanclal statements Is Incon$15tent IN any materlal respect with the trustee5' report or the charlty has not kept adequate accountin8 rpcords,. or the flnanclal staternents are not in agreement with the acctruthtin8 record5 and returns,. or we have nct recEived 811 the information and explanation5 we requlre for our audit.
ptrge 22 R¢sponslb51hies oltwstees As explained more fully In the trustees. reswnslbillties Statement. the trustees are responslble for the prep3ratiM of the financlal Statements and tor be5ng 5Otisfied that thev Eive a true and f3lrview, and for Such intemal contrcl as the tru5tee5 determine 15 necessary to enablE rhè preparation of finan£lal statement5 that are free from mèterial rnisstaternent, whether due to fraud or error. In prep3rin8 the flnancial statements. the trustees are resFK)nslble for 3S5e55in8 the charit¢s abllity to cmtinue as a 8oln8 concern, dlscloslng, as applicable, matters related to 8oing concern and u5in8the 60in8 conrn bas15 Qf accountlng unlessthe trustees either intend to Ilquldate the charity or to cease operatlons, or have no realistlc akert)èLlve but io do so. Audltorf5 resportslblllt forthe audtt olth• Ilnantlil sta¢em•nts We have been appointed a5 audltcr under sectlon 144 of the Chorities Act 2011 and report In accordance th re8ulions made under sKtion IS4 of thot Act. Our objective5 are to obtain reasonable a5surancp about whether the financial Statements a5 a ¥¥hole are free from materlal mlsstaternent, whether dve io fraud or erTor, and to issue an audltor's report that Incjudes our oplnion. Reèsonable a55tsrance15 è hl8h level of 35surance, but Is not a Buarantee that an audit conducted sn accordènce wlth ISAS IUKI wlll alway5 detect 3 material mlsstotemenr when It exlsts. M155tatements can arlse from fraud or error and are consideted materlal If, Indlvldually or it) the a88re8ate, they could reasonably be expected to Snfiuence the econornic dtclslon5 of users t•ken on the basls of these fininclal st4tements. Irregularltle5, Includln8fraud, are Instance5 of non-complSance w5th law5 Ind re8ulatlon5. We desl8n procedurès In Ilne wlth gyr re5POn51bllltles, outllned above, lu detect materldl mls5tatements In rE5Ptct of Irreqularltles. Includlnl fraud. The extent to whlch our procedures are capable of We Identllied areas of law5 and re8u13tlons thai could reAschably be expected to have a moterlal effect on the flhaTrclal statements and discuk5ed the PDliclÈs and procedures regardln8 compllanre. Spetiflc areas consldered were as follows.. Enqulring wlth mana8ement and others to 8ain an under5tandln8 of the or¥anlsgtlon bt5elf Inrludini opratlDnS, Ilnanci41 reportlnd and known fraud or error. Evaluatln8aDd under5tandln8 the Intemèl eontrol 5VSt¢m. Perftrrminl analytlcal PTocedures os expected or une¥pected variances In accounr balances or classe5 of transactlons appear, Te5tlng documentation 5upportln8 account balances Of classes oftransattlons. Because of the inherent limltatlons of an Judit, there Is a rlsk that we wlll noi detecr all irreBulèrltles. Ineludln8 those leadln8ta a rnaterlal rn15Statem2nt in the financial statErnent5 or non-compllance with regulation. Thls risk 5c3$e$ ihe more that compllance wkh a law gr re8Jlation is removed from the evenls and transaction5 reflected In the tinanclal Statements, as we will be le55 likely la becorne aware of Instance5 of non-complSance. The rlsk is also grtater re8ardin8 Irregularltits occurrln8 due to fraud rather than error, as fraud Involves Intent10nal concealment, forgery, tolluslon, omission or misrepresentètlon. A further descriptlon ot Dur responslbllltles for the audit of rhe financial statements is IDrated on the Flnandal Reportlng Councll'5 webslte at.. https.'//www.frc.or8.uk/Our-WorklAudltlAudit-and-assurance/5tandards-and-8uldancelStand8rds-and-8uldHnce-for-audltor5lAudltors. responsSbillties-fof-èuditlOescription.of-audltors-re5ponsiblllties-for-audil.aspx. Thls destription form5 part of our auditor's report. We communicate wlth those charged wlth governante re8ardibg, arnong other matters, the planned scope and timln4 of the audit and signifltant audit findln8s. Includln8 any slgnlficant deficiencles in internal control that wè identlfy durln8 our audlt. Use of our r•port Thls repurt Is made 501ely to the chafltls trusiees, 2s a body, In accordance with Part 4 of the Charlt1È5 (Accounts and Reportsl Regulatiuns 2008. Our audit WDrk has been undertaken SD that we mi8ht state to the charlvs trustees those matters we are requlred to state to them Sn an atsdltor's report and for no other purpo5E. To the lulle5t extent permitted by law, we do not accept ur assume respon5ibillty to anyone ether than the charlty and the ¢hariWs trustEes as a body, for our audlt bvork, for this report, orfor the Dpinions we have formed, IW Hlnks LLP Chartered Accountsnts and Statutory Auditors 19 Highfidd Road Edgbaston Birmingham West Mldlands B15 3BH Ju 17 June 2026