Moooa Charliy Re815trthn Number 1161615 arcult I24 Staffordshire Moorlands Methodist Clrcuit Flnancial Statements for the Year to 31 August 2025
Staffordshire Moorlands Methodist Circuit Financial Statements for the Year to 31 August 2025 Contents Page Trustees Report Independent Examiners Report Approval by Treasurer and Chalr Statement of Financial Activities 2025 10 Statement of Flnanclal Artlvltles 2024 11 Balance Sheet 12-14 Notes to the Financial Statements
Staffordshlra Uoorlands M•thodlst Clrcutt Trust0 Annual report Intrrxlucllon and akng "The St8ffordshir8 Mo(YlarKts Methcrtli8t c[t ré commilted to tantlY seeking opportunrti88 to transfm wple's kves throwh an active arKI livino faith in JARu< Chri•V. Tho realty of our day-tTrday wltrws18 eVkIer in so4JOVernlng Methodlst Churches and on8 Ecum8nical Partnornhip beton the MethfyJi8t Church arKI the United Refomied ChurGh. In communty lffe iogetrr in rna[ tMB. nw81 vtllages arKI semi-urban settings W8 S8ek to live oul our faith, 8UPWtin9 arKI erKouratyng eath other in outreath, mlsglon and evanwism. The pa8t year seen an inrn8e in th08e offering a8 Local PrOacTr and Wor8hip Lead?rn thin ts Ctrcuit, as 11 as a developing forxts on wothna Iwond the wall$ of our chur¢he8 - actNe in communits88 by means of k)cal falrs and gathirwJ8. We have for the first tlme u••d our recently acqulfed Clrwit HLfde Box as a m8ans of b8lrYJ morè vi8iblo and thi8 ha8 generatad intore8t acro8 tho CirlL Partnershlp worklng has oxrtlnul 88 a way of thyarirw aupwt in •ll kir•d8 of way•- addrn88lng the pr•8slng need8 of food povw, Ijoiakni and m8rrt health Challeng88. Durfng tha year wa have rewitad a full timo Church arKI Communlty Worker in Cheddleton, to look at bringiNJ n6w ways of boing church. Th18 ha8 been jointly funded by ts Chester and Stoktron-Trent M¢thod18t striCt (fow yews). hope to rerat thlg way of working In other communiiie8 durir¥ the comlng year. Brl•f financlal r•vlw of th• y••r The ffnandal offerfng of lTrJivklual to ow cIrlt Wet is SUp•m0nt8d in our commltment to invut1j in people by a regular planned wttlidrawai from what have b88n 8ignifieant rerIal. Having takén the d8ci8ion l#1 yeel to r•diK• our level of ordainod ¥taff from 3 to 2 (from 6epternt 1•12024} Started to k#)k ai ways of staffing th8 cIrlt Ministy n••d8. At the end of thi8 year that team CA)mpises 1 thiklren and famlly's worker, 1 administrator. 2 ordained Ministern, 1 Church and Communty Worker. This ontinue8 to be a 8lgnifi(xm Inve8trnen( the Circuit rwnain8 commffted to Ihis bvel of thurch arKI commuimty ertrJagemont 18 the gift• and graces our staff offer. Income aTrJ èxp•ndir• xro txoadty in lin8 vith our mlBolon 8tatern and policy. we continu8d to Inv8gt from reserve8 to fund our staffi costs of £131.088. Our net movement on fvnds 18 £132.483 for the year. Our carried fotwaTKI funds are £2,332,256 - we anticipate th88e nd8 wll b6 required to fund workiTrJ 4XFxial n••d• as well l)elng Avaljablg for investment to I(1 fwrth88 for ml3slon KOJeth. The level of re88rv88 18 undor eon8tant revlvw by thé C11t Traa8urer and Leadership Team.
The work of min in alt is a 1p lay and ordained, paid and volunteer workers, and offer our gratefvl thank8 to each or. We are especjally thanklul for the ntInued work wItrS of our Local Pr8th5, some ofwhom are no longer leading worship week by week but e supp(¥ti¥e in tyayw, aloTrJside tha 8ignhS¢ant support ovided by ow supemumerary ministers. Income trends c[rlt Incom8 Is wimarfly drawn from tho al$8 pald by th8 ¢X1t dwrches. We have $é8n first hand tho 8truggle8 of local ¥jre9ati to maintain their givirYJ in the light of the economic Sttuatlon and tr falling numbets of attermkn. W8 are grateful for tho continued COMMMent to that diScning. Our Income from local churths this year was £172,080- 8w)pl8ment•d by income on invested fvnds of £38.640 and Caw r•cwt6 of£136,716. Exp•nd1r• trond Stipend exp8nditure ha8 Intxea8od eath finandal year In Ine with th• Methodi8t Conf8r8nc• approved Increa. 19% of expendf(ure18 the CITlt ccxrtrlbution to the Distrfct annd Conn8th1, of which slgnfficant part 18 used to fund the work of the wider Methodist Church. We anticlpate further income in the year to Augu8t 2026 in of othgr Methodl8t Churche8 8uthor188d for 8ah. The balanGe on Circuit Mod81 Tru8t Fund balance amounted to £532.183 whlch was ld on dep11 with the Trust for Methodi8t Church Purpo8e8. Plan• for 202W2026 Clrcuit ffinanci81 plans lor the coming year have been prepared on the basi8 that there will 2 full time ordained staff with anti co8t of IivrvJ 8tiPe inu8a808 comblned wlth the 888e88ment paid to the distriGL The ba81s for fulfilllng our finandal commltment8 remang a p Systém for irxlividual churches. This system will need to Ix r8viAd rf it to fdl St of the budget requlred. In the long8r terni. We Continue lo review our calltro In the Ight of regtrlctlons faced by Socioty at large, th8 ago profilo of our con9regationJ and likely re8outcets going loard. We wlll b8 alming to It in antrcipated that atthough the sce of the circuit may diminish in temis of numbers ot churche8, our commrlment to thing more closety together will in fact mean that we have a greater cApaaty for wtreach In arKI vsllw than has been the ca8e for a number of year8. We are aGtivety seekiry partsshIpS wlth groups whkh 1kriShIng within soaety.
11 M•y2MS CW•. StknTrrt sr10 1 tr O(ThJ 2W25, 8ept 202a) Mr• Mion Astr
Independ&ttexanirkw AtrOhvWAC4 Ilakn De Coo>, RI tkn La Ror ChemlM¢, Carf Gu•. GY5 7¢ Bankw8 Charlty 014eth• Is to act as • R•8ourc• th• wea chea8. Date of Unlon th• adVan[*m ot. Methodht Chu. thurch and non ** Publk Ben•nt
Structure, Govwnance and ManagThnt The goveming document for the circuit is the Deed of Union (1932) and Methodist Church Act (1978) Detailed governan arraNJemerrts are outlined wrthin the Constitutional Practice and Dtscipline of the Methodist Churth by order of the annual conference (CPD). Day to day management of the circuit is undertaken by th• Circuit Leadership team along with the Local Preachers me¢ting. the Cirll Finan and Property Committee and the Circurt Policy Commrttee. Tru•tse Tralnlng A range of guhlance produc8d by Methodist Connexion to support the effective running of the circult, specifically the leknt 'The Role of a Trustee in The Methodist Church, 16 given to all new Circuit meeting member8 as indudion to their role as truste•s. R•lat•d Partl•8 The Circuit is part of the Chester and Stoke on Trent District and is also accountable to the Methodist Conference. The followng Methodlst churc aro linked lo tr* ¢Ilt a8 at 31.8.2025 Boundary. Wellspring {Cheadle and Tean), ErKlon, Ipstone8, orcOt8, Rudyard, St Andrew8 Cheddleton, Waterhou8e8 and Wdey Rocks. Trinrty Church in LeeK vthlch 58 a Methodilt & URC Local Ecumenical Partner8hip, [8 al80 part of th18 circuit. Rl•k Manag•m•nt Th• major risks have been identified and recon by the Circutt Flnanee and Property Committeo with professional adw'ce taken ag required. Therelg a regular annual rwew process undertaken arKI recorded. Income and Expenditure is being moniiored in totsl arKJ Is compared th the approved annual budget on a ha yearly basi8 to d8t8(a trends a8 part of the risk management proces8 to avoid urrforeseen calls on reserves. Safeguarding Every person has a value arKI dnty which ccffies directty from the Greation of male and female In God's own image and likeness. Chrith'ans see this potential as fUlled by God'g re-creation of us in Christ. Among other things this implies a duty to value all peo8 as bearing th8 image of God and therefore to protect them from harm.
Methodist Connexional rKa¢ti¢e ouuineg commrimant to the followng pnnciples". . the care and nurture of. and reSrEcul pastoral minth Mth. all thildren, young people and adults . the safeguarding and wotection of all chiklren. young people and adults when they are vulnerable • the 88tabli$hing of safe, caring communths Ythich provide a loving environment where there 18 infonned vlgilance as to the dangers of afxffje. • We will carefully Select and traln all th08e with ary re8powlilty within the Church. in line with Safer Recruitment principles, induding the use of criminal rewds di8do8ures and registration wrth the relevant vetting arKI barrirKJ schemes. • We will respond without delay to avory o)mplaint mada which suggests that an adult, Child or young person may have been harmed, coopwatiNJ with ts police and local authority in any inve8tlgation. . We will seek to work with anyone who has sullered abuse, developing with them an appropriate ministry of infOnrd pastoral carn. . We will Seek to challenge any abuse of p(rer. especialty by anyone in a posrtion of trust. . We will to offer pastoral care and support, inctudiThJ supervision and referral to the prop8r authorities, to any momb8r of our church communty known to have offend8d again6t chikl, yourKJ person or vulnerable aduli. • In all these winGiple8 will follow leg181atlon. guldance and recognised good praGtlce The Stafford8hlro Moorlanda Cirwit eommits ltseff to en8urlng the implementation of Connaxional Safeguarding Policy,. govemment islation, guidance and safe practice In the circuit and in the churches. The Staffordshire MoorlarKls CIrrt commrt8 it8eir to the provmion of support, advice and training for lay and ordained people that will ensure people are dear and confident about their roles and respons1kn.l.es in safeguariling aTrJ womoting welfare of children and adums who may be vulnerablo. Reserves Policy The Reserves Policy for the Circuit is to hold a minimum sum equivalent to 12 month8, average expenditure. This should be suffi(#enl to meet any urrforeseen Item of major axpendlture on manses and l or to be able to contin. in th8 short temi, funding planned adivitie$ in the event of any inabilrty to rai8e the fvll Cirojit A88e8sment from churches. Rev Julie Hassall Superintendent Minister
31 Awt2025. pag9110 trj 14. of Ihe A¢ or (knr AQ4 Malson Da Co uemJey CharffRI IslarMI8 GY5 7QP Marth 28
staffordshire Moorlands Methodist Cirojtt 1161815 Statemfrnt of Flnanclal A¢llvhlo8 ISOFA) for the year •ndod 31 August 2025 G•n•ral Fuhd Tot•1 Inrn9 l DOn•U0r 8tsJ 114 4 Ayseumants on Cluych 5 Catal Re Ino 17lOIO 138.711 Y Other Lwit8blè 8 Tot•1 In¢om• ExndItr0 9 1kn1s and dwatlo 10 and a0¢0 eiii 11 Property maintenance 12 ctsnnw0n & mod•ltrp*l Iwy t3 DL91rfci A8ao#ment & Levy 14 Depre80 1•1,900 347069 131,0 171 4204 7.210 97 24071 10 Oth¢r (Kjtyolnos 17 Totsl £h•th•bkn•xp•nd¢w• 18 0&[n(Sl on m¢818ry 18 CaIn8lltj On $tmen1 wop8r 20 N•t In¢ty•pxI1Tr) 21 Tr¥nifern 22 Otsr galnsllhxsesl 23 N•t mov•m•nt In • 24Tctal lundsbroueht fornw4rd 1STot•l fvm¢s rI1• Ivnv•rd 44970 2S1. 129.229 8•,692 1J2.485 119•,7n 3,2 1.S21.276 1,S¥628 12•,22• ,7V
Staffoftlshire McA)dands Methodist Circuit 1161616 Statoment of Flnanclal A¢llvlllM (SOFA) for th• yoar end•d 31 Augu8t 2024 Income 1 Dow)ns aThl 41.$91 17410• t715.1)Q S Capttal Roc•¥> 6 Gr8n rEcdbd 7 charttable 8 Totsl Expondlturn 9 Grarts ¢Jon8tkn 10 Salades a$80¢d (£di 11 Propety mokntonarKe 12 Connethnal 8$8essmrt & trt •y 13 DlJtrtlA58wsm8nl & L 14 Deprec 15 omc8 •xpw•s le Otharoulgolrva• 17 T)l•l ¢1•b1••xpth1 18 G&lnÈlllo$8181 C mnetary It8J 1•0.7J56 4040 190,701 $2,62B 721 6,721 20 N•1 In¢orMl•xpnd#urnl 21 Tfan8fern IL 22 Olher 23 N•t mov•m•ni In fun 24Total funds brought f¢rwar 25 Toi•l forward .114SJI 44,7J4 29Q2J1 298,231 1.J37,STI 1M1.275 fj•t.6 1.936,271 2.1•9,Tl3
Staffordshire Moorlands Methodist Circuit 1161615 Balance Sheet as at 31 August 2025 G•141 Fund C111t Endovmient Totsl 2025 IUnrestrlct¢d) TN•l8 Funds IR••trfct•d) Tolals 2024 Xotrs to the Flxad A89•t8 Circuit M8nges & Equipxnent Investment prop&lies Investments 1M29.990 1M29,991 1,365,857 1A29,990 0 1,429,990 1,365,857 Currnnt A•••ts Loan8 by the Circuit Investmenlg Voith TMCP Central Finance Board D8pJ8its Ca8h at Bank aThY In hand 631183 631183 808,555 341414 57,578 932,173 273,212 27,018 908.786 532.183 Curront Ilabllltle8 Creditors (due in undor 1 yearl Grants payable Total cunvnt Ilabllltl•s 29,907 34,332 29.907 902,266 34332 8T4453 $31183 Total assots ¢unvnt Ilabilitlos 1,8M.073 531183 O 1332.256 1240,310 Long term Ilabllltles Idue after more than one year} Grsnt8 payablè Loans to Ihe Glrcult 40,537 Not assets 1,800.073 532,183 0 2,332.256 2,199,773 Funds of th• Clr¢uft Gengral Fund IUnrFstrfcted) Circuit Mtsjel Trust Fund (Restricted) Designated Funds (Unreslncted) 1Moo.on 1.IW,073 1,591,218 531185 532.183 608.555 1332,286 2,199,773 EndryM•rt Funds Total Funds 1.800.073 532.183 0 2,332,256 2,199,773 11
Staffordshire m(rIad$ Methodtst Circult Notes to the Ac¢ounts l Basls of accountlng The finandaE statements knve beert prepred under theClwltlesArt2011 fn accordance wlth the 2014 version of Accountingand Reporting by a)aritles'. Ststement of Recommended Prartkce (SORP) applicable th drItIe$preparIng their accounts in ac¥dJ with FRS102- th¢ Charfiita SOiiP tFRS102) and t4knng note of the Update Bulletln l tssued In 2016. 2 Funds The funds held constttute.. Genernl Fund5 held forany puryoseof the Clrcultwhlch are Unrestritted. The Clrcuit Model Trust Fund bas wldepurposes defthed In Standing Orders and is categortsed a5 restricted. The Endowment funds heldat the srArt of the yearhavebtrn released durln8theyear to the General Fund Detalls ofeach rnatertal fund are dls¢lo$ed in the final nots to theseaccount& Anyhjnds maybe represented by more than jurtcaslL 3 Accountlng polldes Basls These accounts have been prepared on thebasls dhJstDrl(xl costexeeptthat Investmentsareshown atthelr market valueat the end oftheyear, on the accnwlsbasts t4 showa trnearhj Falrvlewofthe C5roJlVs Anandal p051tlon and aCtitIes. Incomlng Resour¢es Incf)me Is Included In the StatÈrn¢ntof FlnaTrdal Aetfvlties (SOFA) whett the Clrrult btcomts ¢ntltled to the resources, and the trustees are rea$onably ttrtaln they recelve the resou. alld the monetaryvaiue can be measured wlth suffldenityllablllty. Resources Expended Thts Is recogntsed when a liabL1ity ts Incurred or a cons1c¥e obllga¥on arlses. that SuIts In the payment beln8 unavoldable. uabl11e5 are recogntsedas soon &8an outtlowof economlc beneftt Is consldered more Ilkely than not underthe Iwl orconstruthe obl*aUon commlttlll8thearoJftto payoutresource& Grants Grants made bythe Clrcultfrom Its fundsare recosnlsed ID atthe tlme of a8reementorwhen the ClrcuSt aeeepts thatthere ts a legal oroperadonal obllgatlon to makethepaymen VAT Slnce the Clrcult is notVATTt¥fftrt8ll lnputVATisdryd with the expeDse5 towhlch It refw Tanglble fixed assets for use by the Clrcult Tanglble fixed assets are capltallsed if thry can be used formore than oneyear.and cost atleast £500. The freehold pry>perry shoWn In th¢accounts at the insurance v8lut. No deprtciatton Is provlded on the bulldln8S because the trustees conslder the current resldual fairv31ue of the manse build1Th (on the assumption that they had reached the end of Its usefijl economfic Ilfe bytheyear-end) to be not les5 thafj its currentvalue. Anydepredation would not be materiaL The PrrJrtyhaS been reVIew forlmpolrmenL Investment Propertles Investmentproperr5es. no property ts curntty deemedto notbe ld fortheloDgtern) purposes of the chartry. Investments Investments are wdlued Inthe balantt sheetatmaknvalue attheye4re th%Estsnent Income ts induded In the acts)unts when recelvable andaaygalty8 or10s5e50n TEwaluaiJoD atthe Yearellda Shown In the SOF Debtors and Prepaymeuts There are no Ikbtors or PaYmeftts Credltors Creditors relate to the IDdepet)dent Eyaminthnfee5and sundryexpeL 12
Staffordshtre Moorlands Methodtst Circuit 4 Paymentto Trnstees There We no payments made to tr[eSftiraddItl0na} Servi prnvldedts)theClnwltbyagreementwith the Clrcult Meetin& this exdudesstipend& Z024125 2023124 Number ofTrustees Total amount Expense payments prlmarlly relate to reimbursementfor trnvel and computlng costs 5 Fees for examlnatlon oraudlt of the a¢(ounts 2024/25 20231Z4 Independent examlnerfs or audltors, fee5 for rep)rtlng on the accounts Other fees (eg.. advlce, accountancy servlces) pald to the Independent examlner or audltor 750 750 500 500 6 Pald employees Staff Costs pald dttrfng the yearwere: Gross wages, salaries and benefits in klnd Employerfs NatEonal Insurance costs Pension costs Total staff costs 2024/25 IOS 130 2023124 150,816 11.218 14.737 131085 12,778 190.756 Average number of full.tlme equlvaleDtemployees ID th• y 7 Capltal Commltments and Conlln8eDt Llabllltles Atthe 31stAugiist 2025 there are no (apltai commltmen No Contin8ent1Sabilities were idenufied at 31stAu8USt 2025. 8 For Infornmlon only. Money rE1Ve and passed on to External O nlsatlons 2024 25 2023 24 Balance bronghtforvmrd frnm laqtyeaT 350 loo Offerin8s/Gits. received for External Organlsouons 250 OfferingslGifts- passed to External Organisations 350 Balauce carried forw?rd 350 13
Staffordshire Moorlands Methodtst Clrcult 9 Tanglble Fixed Assets fittings land MSe% bulldlop equlpment Total Balance brought forward 1365,819 1,365,819 Additionsl{Dlsposals) Revaluatlons (+l-) 64200 64.200 Balance carrled fonyard Ih30,019 1,430.019 10 Investment assets The drLvlt has no Investment propertles The clrcult has no common Investment fund IldIng5 Loans The Clrcultcurrently no outstandlD8 repaymentsas at 3118125 following the refund of£40,537 to Wellspring Tean Methodist Church 14