REPORT OF THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 FOR METHODIST CHURCH: GORNAL & SEDGLEY CIRCUIT Sandwell Accountancy Services Ltd Certified Publi¢ Accountants Suite A, Old Bank Buildings Upper High Street Cradley Heath West Midlands B64 SHY
Methodist Church: GORNAL & SEDGLEY CIRCUIT Contents Page Declarations & scrutiny Independent examinerfs raport to the member Statement of financial activities Statement of financial position Notes to the financial statements The followlng pages do not fomi part of the flnanclal statements D8tailed statement of finan31 activitr'es 11 Notes to the detailed statement of financial activities 12
Methodist Church: GORNAL & SEDGLEY CIRCUIT Declaratlons & Scrutlny Year ended 31 August 2025 I confim) that these Accruals based acc(yJnts for the year to 31st August 2025 have been prepared from the records of the Circuii and that Ihey include all funds under the ntrol of the Circuit meeting. snabJre of treasurer............ ol Dale...... Name and address of treasur&r Mlss J O Beardsmore Penryn 93 Summer Lane Lowfjr gomal Dudley DY3 2HA Pr•$entatlon to tho Clrcult m••tlng I confirm that the annual report and accounts for the year ended 31st Augu$l 2025 werelwlll bo presented to the Clrcuit meeling held on l Q F&S. 2oZ-&.. Slgnalure of the Ch8ir ol the meetsng Name of the Chair of rh8 meeting Rev Stephen Willgy Page 1
Methodist Church: GORNAL & SEDGLEY CIRCUIT Indepèndent Examlnerfs Report to the Member of Methodlst Church.. GORNAL & SEDGLEY CIRCUIT Year ended 31 August 2025 I report lo the member on my examination of the financial sLments of Methodist Church.. GORNAL & SEDGLEY CIRCUIT for the year ended 31st August 2025. R•sponslbllltlo6 and bas1$ of f•POrt I report In respect of my examination of the accounts as carried out under section 145 of the Chanties Ad 2011. In carrying out my èxaminats(x) I have followed the DirecOn$ given by the Charity Commission under section 14515llb} of the Act. Ind•p•nd8nt txamln•rf $tat•ment I have complèted my examination. I nfirffl that no malerlgl matters have come to my attention in connectlon wlth the examatIon giwng me cause to belleve.. 8ccoun¥ng fgcords worg not kopt in acwdane8 wrth $8Ctlon 130 of the Act.. or the financbal Statements do not accord wth those rewds. I have no concerns and hove come across no other matters in connection with the 8xaminalSon lo which attontion should be drawn In the report in order to onable a proper understanding ol the accounts 1¢ be reached. I have no obtained IndendeI veftficalkJn of all invèstments wth the Trustees lor M8lhodi$t Church Purposes or held in other trust$, bank balances and funds al the Cantral Finonce Board of the Melhodlsl Church whSch are indwidualty In 8xcèss of ten Ihousand pounds al the balanee gh¥el dale Swaranjlt Singh Sohal FCPA Suite A, Old 8ank 8uildlngs Upper High Street Cradley Heath W9sI Midlands B64 SHY Pag0 2
Methodist Church: GORNAL & SEDGLEY CIRCUIT Statement of Flnanclal Activitles Year endad 31 August 2025 2025 Restricted funds Total funds Total funds 2024 unrestn.cted fvnds Nott InGome and •ndowm•nts Other Income Assessment income 7,400 69.381 7,400 69,381 11,327 71,000 Total Incom• 76,781 76.781 82,327 ExpgndltUT• Expenditure on charitsble actiwties 130,156 130,156 102,250 Total •xp•ndlturo 130.156 130,156 102.250 Nel galns on Investments 9,380 9,380 9.490 N•t Incom• and n•1 mov•rn•nt In fund* {43.995) 143,9951 110,4331 R•con¢lllatlon ol funds Total funds brought loard Transfer befvleen funds 597, 132 110.SOOI 542.637 18,004 10,SOO 615,136 625,569 Total fund• ¢•rrf•d forward 28,504 571.141 615,136 The Slaleménl of Itnanclal aetfvitles includes all gain$ and bsses re¢c43ni8ed in the year. All Incom8 and gxpendilure derive from conliriuing aclivth"es. The not•s on pag•$ 5 to 9 forn? part of th•se Ilnan¢lal statements. Page 3
Methodlst Church: GORNAL & SEDGLEY CIRCUIT Statement of Flnancial Posltlon 31 August 2025 2025 2024 Not• Flx•d assets Investment5 370.326 360,946 Curr•nt assets Investments Cash at bank and In hand Prgpayments 10 153,193 50,538 179,728 73.296 3.663 203.731 256.685 Cr•dltors.' amounts lalllng du• wlthln ono year N•t ¢urr•nt asset• 11 12.9161 200,815 12.4951 254,190 T¢>tal ass•t5 le88 ¢urr•nt Ilabllltl•• 571,141 615,136 571.141 615.136 Funds olth• ¢h•rlty Roslricled funds Unreslncled funds 28.504 542.637 18,004 597.132 Total ¢harlty funds 12 571.141 615,138 Th• not•s on pagqs 5 to 9 form part of thw financial stat•m•nts. Page 4
Methodist Church.. GORNAL & SEDGLEY CIRCUIT Notes to the Flnanclal Statements {¢onthiiMdl Year ènded 31 August 2025 A¢¢ounllng pollcl•s Ba$ls of preparatlon The financial statements have been preparo¢J on the historif21 cost basis. oxcept that fixed asset investments are shown al their insurance value al the end ofthe year. The accnjals basis has been used and accoLtnts show a Inje and fair view of the Circuivs financial position and aclivi119S. Golng ¢on¢ern There are no material uncertainties about Ihe Circuifs abiltty lo rnntinue. Incomlng rosources All incorne Included in the statement of financial activities when entrtment has passed to tho Clrcull. it Ss probable that Ihe economic benefits èsyociated witt) the transadion will fbw to tho Circuit and the amount can be r&liat•ly measured. The following specfflc policies are applied lo parttcular categones of income.. Individual amounts calogodsed as Other Income In tho SOFA wlll b8 sh¢)wn separately rf they ar8 considered material. The Clrcurt acts a$ agent in tsvo wayB'. The collection from Churches and payment over of theii contributions to various Furvjs controllod and admini$ter¢d by Th8 Mothodist Chur¢h- "Connexlonal Funds- The adminSstrallon lapp1kalk. colkntion and disbursemenll ol grants requesl8d by Churchg¥ within the CSrcuil from, but not limited to. the Dislnct and Connexv)n In all thése matters th8 tranSa"On8 aro not rellected in tho SOFA because they are the Incomg of either the Connexbon or Churches as approprlala R••our¢•• •xp•nd•d Expenditurels recoJnlse(J on an accnjals basis as a Iiats'lty is incurred. ExpendibJr8 includes VAT which cannot be fulty recovered. and Is da$sifigd under headlngs of tho stalemgnt of flnancial activities to whi¢h rt felales.. Inv•$tm•nt property Investment property Is rgvalued lo its insur8nce value at each reporting date arnl any chonges in fair value are recognised in income or expendituig. Page S
Methodist Church: GORNAL & SEDGLEY CIRCUIT Notes to the Financlal Statements (GoftUnu•d) Year ended 31 August 2025 othar In¢om• Unre5tn¢ted Funds Restn"ct8d Total Funds Funds 202S Incorng fvom Investment propertses Bank & CFB interesl received TMPC inler8sI received 7.316 7,316 7.400 Unrestricted Funds ReSt¢d Total Funds Funds 2024 Income from investment prop8ttses Bank & CF8 Inlgrgst receivod TMPC interest received 103 11.224 103 11,224 11,327 11,327 A••ossrn•nt Incom• Unr&$tricted Totsl Funds Unr88lrlctod Total Funds Funds 2025 Funds 2024 Galn on di8posal of ianglblè fixed assets hold for charity's own use A88a8sments 89.381 89,381 71,000 71.000 71,000 69.381 69.381 71.000 Exp•ndltur• on charltabl• act1v1t1 by fund typ• Unreslrlctod FuTh18 Rèstricted Total Funds Fund8 2025 Restricted Funds Circu*t Model Trust Goneral funds Support costs 6.970 122.951 235 6,970 122,951 235 130.156 130,156 Unrestnctsd Funds Restn'cled Total Funds Funds 2024 Restricted Funds Circurt Model Trust General funds Support costs 9.169 92.050 1.031 9,169 92,050 1,031 102.250 102.250 Page 6
Methodist Church: GORNAL & SEDGLEY CIRCUIT Notes to the Flnancial Slatements (¢ontsnu¢¢J Year ended 31 August 2025 Exp•ndlture on charStable activltl•s by xtlvlty type Activths urwjertaken directty Support Totsl lunds costs 2025 Total fund 2024 Restricted Funds Circuit Model Trust General funds Govamance costs 6.970 122,951 6,970 122,951 235 9,169 92,050 1,031 235 129.921 23S 130,156 102,250 N•t galns on Snv•$tm•nts Unrestn'cted Total Fund• Unrestricted Total Funds Funds 2025 Funds 2024 Gainslllos¥o$1 on Investment property 9,380 9,380 9.490 9,490 N•t Incom• Not Sncome Is 8t8tèd after Chargin(Cred.rj}.. 2025 2024 Galns on disposal of langiblo fixed assets Ind•p•nd•nt •x•mSnatlon f••$ 2025 2024 Fees payable lo the independent examiner for.. Independent examination of the financial statements 235 1,031 Page 7
Methodist Church: GORNAL & SEDGLEY CIRCUIT Notes to the Financlal Stataments l¢onthu•dJ Year ended 31 August 2025 Inv•stments Investm•nt prop¢rt1•8 C¢st or valuaOn At 1st September 2024 Addrtions Disposals Fair valu8 mov8ments 360,946 9.490 At 31st August 2025 370,326 Impalrmttnl At 1st S•ptèmb•r 2024 and 31st August 2025 Carrylng amount At 31 st August 2025 Al 31st August 2024 370,326 360,946 In¥••tment prop•rtl•• Invtsslment propertles are valued al insuranGe value. 2025 2024 101 Vl8wfield Crescent 370.326 360,948 370,326 360.946 10. Inv•stm•nts 2025 2024 TMCP Funds Central Fin8n¢g Deposit Accourrt 153.193 177,847 1,879 153,193 179,726 11. Cr•dltorn: amounts falllng du• wlthln on• y•ai 2025 2024 Accruals and deforred Ineome Trade Credf(ors 600 2,316 2,916 1.000 1,495 2,495 Page 8
Methodist Church: GORNAL & SEDGLEY CIRCUIT Notes to the Financial Statements (conllnuedj Yoar ended 31 August 2025 12. Analys1$ of eharltabl• fund¥ Unrestrlcted funds At 1s1 September 2024 At31st August 2025 Gains and losses Inm Expendrture Transfers General Funds Circuit Model Trust Fund TMCP Property 56,847 69.381 1123.186) 25.000 26,042 179,339 360,946 7,400 16.970) (35.5001 144,269 370,326 9,380 597, 132 76,781 (130,156) 110,5001 9.380 542,637 At 181 Sgplember 2023 At 31$1 August 2024 Galns and ses Income ExpendrtUT8 Transfers Genèral Funds Circuit Model Trust Fund TMCP Propety 33.825 71,103 193.081) 45.000 56,847 222,284 351,456 607.565 11.224 19.169) 145,0001 179,339 360,946 9,490 82.327 {102,250) 9,490 597,132 R•strl¢t•d fund• At 1st Sgptembgr 2024 At31st Augu$t 2025 Expenditure Transfgrs Major Property Reserve Ministers Removal Rosorye Account Manse Inspection Reserve account Manse Rental Ac¢(yJnt 16.S95 7,000 23,595 1.225 4.725 18.004 10,500 28,504 At 1st Sgptember 2023 At31st August 2024 Income Expendrture Transfers Major Property Reserve Ministers Removal Reserve Account Manse Inspection Reserve account M8nse Rental AccoLtnt 16,595 16.595 1,225 1.225 184 18,004 18,004 Page 9
Methodist Church: GORNAL & SEDGLEY CIRCUIT Management Infom)atlon Year ended 31 August 2025 Th• followlng pagos do not forni part of th• fln•n¢l•l slat•m•nt•. Page 10
Methodist Church: GORNAL & SEDGLEY CIRCUIT Detailed Statement of Financial Activities Year ended 31 August 2025 202S 2024 Incomg and •ndowm8nts Investmgnt Incom• Incom8 from investrnenl pioperties 8ank & CF8 interest received TMPC Snler8sl received 103 11.224 7.316 7,400 11,327 Othor In¢om• Gain on disposal of tangible fixed assets hekl lor ch8rlVs own use Assessments on ChurGhes 69,381 71,000 69.381 71,000 Total Incom• 76,781 82.327 Expandltur• Exp•ndltur• on Charltabh a¢tlvltl•$ Slipends, salartos. NIC. Pgnsion and travel costs Mansg $1S Othèr outgoings District a$$es$ment & Lewy Administration costs Independent examlner's fee {67.0321 160,7011 131,9951 15,7691 15181 14611 (29,6721 133,5111 17041 17771 12351 11,0311 1130,1 S61 {102,2501 Total •xp•ndlture 1130,156) 1102.2501 Not galns on Inv•$tmonl$ Gainslllossesl on investment prope 9,490 Not In¢om• 143,9951 110,4331 Pago 11
Methodist Church: GORNAL & SEDGLEY CIRCUIT Notes to the Detailed Statement of Flnanclal Actlvltles Year ended 31 August 2025 202S 2024 Exp•ndltur• on chafltable actlvttlas Rèstricted Funds A¢tlvlti•s undertaken dlrn¢ty Manse costs Other outgoing$ Clrcult Mod•l Trust A¢tlvld•$ undertak•n dlr•¢tly Other outgoings Oi5trlel assessment & lewy Office expenses 6.392 S78 8,540 629 6,970 9,169 G•n•ral funds A¢tlvltlgs undertakon dlrn¢tly Sthpgnds, $alar1es, NIC. pension 8nd travel Manse costs Other oulgoings Oistncl assessment & Levy Office expensos 67,032 31,995 518 23,280 126 60.701 5,789 461 24,971 148 122.951 92,050 Govemane• ¢o•ts Independent examiners fe9$ 235 1,031 Exp•ndltur• on chirltabl• actlvltl 130,158 102.250 Pag• 12
THE METhODIST CHURCH GORNAL & SEDGLEY CIRCUIT aRCUIT NUMBER 28114 CHARITY REGISTRATION 1206227 Legal and Admlnlstratlve Infomiatlon Trustees servlng durfng the year to 31° Au8USt 2025:. Rec Cjohn Hartley- Retired 31° August 2025 Rev A Stephen Willey- appointed 1° September 2025 Mr Willlam Caldwell- Church & Communlty Worker Mi55 J O Beardsmore Mr D Gill Mlss Abigall Jones Mrj Turner Mrs S Twatchom Mr M P Watchorn Mr J J Jones MrT LAmphlett Mrs L J Morri5 Mrs M Elaine Hyde Mr P M Raybould Mr J Parker Mr5 J M Bennett Ms R E Harrls Mr5 J J Checketts Mrs S J Rogers Mr M Timmins Mr S Ratcliffe Mrs 8 M Priest Mrj Dee Mr5 C Parker Mr M Parker Miss G A Smith Mrs H A Newton MrG M Donnison Mrs A Jackson Mr B I Priest- deceased March 2025 Independent Examlner Mr Swanranjit Singh Sohall Sandwell Accountancy Services Old Bank Buildings, Upper High St Cradley Heath B64 SHY
Govemante and Mana8emenL The Circuit if govemed by the Methodist Church Act 1976. the Deed of Union aThl the Model Trust Deeds of the Methodist Church. The purpose of the Methodist Church are and shall be deemed to have been since the date of the union the advancement ofr.- al The Christian Faith in accordance with the doctrinal StarardS and the discipline of the Methodist church: b) Any charitable purpose forthe time being of any Connexional, District. Circult, local or other organisation of the Methodist Church cl Any charttable purpose for the tlme being of any society or institution Subsidiary or anclllary to the Methodist church. The Gornal and Sed8ley Circuit Is a group of 4 churches at the end of August 2025. 1 church is belng used under Ilcense agreements by community groups and an Independent evan8elical church. The Clrcult meetin8 is held hvo to three tlmes each year, has 8Sven careful consideratlon to the Charity Commission's general guidance on publlc benefft and. in particular, to its supplementsry publlc benefit guidance of advancing our objectlves as set out above. The Trustees confimi tIRt they have complled with the duty under the CharitSes Act 2022 to have due regard to the Charity Commissions general guldance on publlc benefft. Premlses are ava51able to other organisations that need somewhere to meet. Some churches have long tenn tenants. Uniformed or8anisatK)ns a affiliated to Some of our churches and meet on church premlses. Other outreach artlvltles and rdlsing money for other charftles. Safe8uardlng The Methodist church works in partnership wlth other Chrlstlan Churches and other agencles in delivering safeguardin8. Each church in the Circuit appoints a safeguarding rePSentatIVe and the Circuit appoints a Safe8uarding Officer to coordinate polices. prartkes and training which promotes safe prartice amongst children and vulnerable adul Rlsk Management All Churches and Manses are the subject of quinquennial Inspections and the reports on each are reviewed by the Circuit as well as the local Trustees. Attion is taken to reduce the risks of injury to all who have a legltlmate purpose to be on these premises. Flnancial Revlew The Circuit prepares eipts and payments actounts. The Circuit budget Is prepared by first anticipating the expenditure forthe forthcoming year then deterniining how that sum will be raised. Sufficient fi&nds will be maintsined to meet daY-tdaY operating expenses. induding stipends and manse costs. They 11 be topped us a required by wtthdrawal from the Model Trust Fund.
Reser¥es Polky The general fvnd derive5 its incomes principally from the church contributions (known as asse55ments). This finances the day to day runnlng costs of the circuit. The Circuit believes that it should ensure that it has income and reseNes sufficient to cover the stipends and manse costs of its Ministers and Community Worker. Changes At the I September 2025. the Gomal and Sedgley Circuit will be known at the Anthor Circuit. All assets will come under th umbrella. The Anchor arcult w511 be merging with the Blackheath and Halesowen Clrcult, whlch wlll be the receivin8 charity (charity number 11348741. The name should be In place. at the latest. by September 2026. Slgned on behalf of tF* Trustees Rev A S Willey Superintendent Minister Miss J O Beardsmore Circuit Treasurer