Circuit Accruals Accounts 2024-25 THE METHODIST CHURCH REPORT AND ACCOUNTS (ACCRUALS BASIS) for the year ended 31 August 2025 GRIMSBY & CLEETHORPES METHODIST CIRCUIT Rogi5tèred Charity - Rggistration nurnber 1133244 Lincolnshire Circuit No 1715 Mlnlsters Rev Neil Vickers Rev Susan Chambers Rev Katie Deakins Circuit Stewards Ann Conn Elizabeth Kershaw Melanie Dickerson Elaine Watkinson Bethany Waikinson Ruth Constant Circuit Treasurer Bethany Walkinson Grimsby & Cleethorpes Methodist Church Clrcult Circuit No 1715 Legal and Administratlve Informatlon Charity number 1133244 Principal address 107 Welhome Avenue Grimsby North East Lincolnshire DN32 OBP 8ankers HS8C UK 55 Victoria Street Grimsby DN31 IUX Independent exarniner Ellzabeth Kate 8rown LL8IHonsl FCA CTA Nicholson5 Chartered Accounts Newland House The Poinr Weaver Road Lincoln LN6 3QN Name of Circuit Grlmsby & Cleethorpes Methodist Church Circuit Circuit No 1715 Contents Page Trustees report 1-4 Independent examiner's report Statement of fi'nancial attivities Balance sheet Notes to the financial staternents 10-13 GRIMSBY AND CLEETHORPES DIST CIRCU TrU5TEES ANNVAL REPORT Fortho aréndtd 3151 AUGU5T2025 Introdurtlon TheTrustee5 arÈ pleasèd to presenttheirAnnual Report of thÈTrusteesofthe Grlmsby & CleethorpesMethodi5t c￿rCUIt(hereinafter referred to a5 The ClrcuiWI for the year ended 31$1 August 25. The trustees have ￿0Pted the promsions of Ae¢ountlng and Reportln8 by Charltles= statement of Recomrnended Practice applicable to charities preparing their accounts It) accordan￿ wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFR51021 lÈffed(ve l January 20191. Aims4nd or¢&nI￿tion The purposes of the Methodist Church are. and shall be deemed to have been since the D*e of Union, the advancement of-. al The Christian faith in accordance with the dodrinal standards and dlsclpllne of The Methodist Church.. bl Any charltable purpose for thè tlmè being of any Connexlonal, Distrlct, CITCUIt. Local or otherorganisation of The Method15t ch￿￿h,. cl Any charitable purpose for the time being of any Society ar iD5titutlon subsidlary or anclllary to The Methodist Church,. dl Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Mahodlst Church Worshlp takes place acrossthe arèa covered by the Clrcuit in pla￿$ set out in the list ol operating Church¢s listed below, which are open to anyone who may wish to ￿l57t them without any charge. The Circuit produces a quarterly preaching plan to en5yre that regulaT arts of worship take place at all the churches and chHpels in1ts8eographical area and thatthefollowing actiwtiestake pla¢e to furtherthe objèrtlves Set out above The teaching of Christianitythrough sermons, courses and small Eroups. The resourcinB of pastoral Work including visitin8 the sick and bereaved. Taking religious assemblles in lotal schools. Promotion of Christianlty throu8h the 5ta8ing of events and services. Prow5ioTr ol thaplaincy services where appropriate. Publlc Benefft TheTrustee$ have had regard to the Charity Commisslgn's guldance on public benefit. bri￿ tinanclal r¢¥l¢WI￿ the year The main source Df Income in this and everyyear 15 the assessrr*r*ts paid by the churches within the Circuit area. In the yearto 315t August 2025. the assessments totaled £180,73412024: £201,552?. In addition. the Circuit received rental income from surplus properties totalling £7,91112024.' £9,270>, and proceeds from the sale ol surplus properties of £68.94012024.. £NILI. The maln expèndlture this year Is for the sripends of minlsters and the salaries of lay employee5. togetherwith related employment tosts. including the provislon of manses to ministers and the reimbutsemeDt of travelliN8 and other costs. totalling £152.61612024.. £153,028). other costs include contributlons to the Dlstrlct, £8,70012024-. £7.2651 and to the meth￿l$t Church Fund t¢ furtherthe wotk of the wlder Methodist Church £49,3CO12024: £4L1661. stipends have Increased annually in Ilne wIth conference approved percentages and lay employees are pad, in a¢¢ordance wSth Methodist standing Orders, no less than the hourly rates set by the Living Wage Foundation. At 31 August 2025 the net currer*L unrestricted. 855ets of the Circuit were £157,34512024.' £1646751, compared with total revenue expenditure forthe year of E284,37612024'. £437,227, which includes sydnificant expenditure on the Be8¢onthorpè property followln8 th fire not refunded by Methodist Insurance). The Circuit employs three full-tirne rnini5ters. These ministers are supported by one pastora asslstant, nine supernurnerary ministers. four dedicated Csrtult stewards and two parttime adrnini5trators. The ortuit supports the ministry of a youth and cornmunity church Hnrf a charitable housing project for elderly people within the Grim5by area. Acts of worship take place at each of the churche5 ewery Sunday. apart from Healing which Is every other5unday, supported by local preachers and worship leaders. The year began wlth e￿Ven churches led bythree lull tirne m5nlst¢rs. Church membershlp ¢ontinued to be a Cause for ¢oncern wlth membershlp down to 36L Central Hall contlnues to be an ongoing concern. Messy thurch tontlnues at ImmSngham. There has also been a rrK)vetowards more circuit serwces in a year. Re8ular meetings are beinE held with treasurers to monitorthe cost of heating and 8Èttera rlslng expenses. Groups are meeting to begin preparation workforthe move to a one church circuit. Plans made for 2025126 Cir¢ultflnancial plansforthe comlngyeèrhave been prepared on the basisof 3 presbyter5. Anticip*ed costof limng stlpend and pay increa5e5 combined wlth ah increase in the assessments paid to the 0i5tric¢ #nd ConnÈxlon are also to be applied. The level of as5e5srnents requested from the churches in the Or¢uit has increased to help tts dèfray the artticipated increased costs of the Circuit although there has bÈÈn some re￿sta￿￿ from some Churches. Movlng ForvArd TO actively consider the role of thurch mis%on in the North East Lin¢oln5hlre area and how best to use the resource5 available to serve the community by preparing for the introduction of Icircuitlchurch. Churches are Encouraged to prayerfully consider the way fvtward of the circuit. Stiurtur•, Gov4rnant* •hd ManJKemont The governing document for the Qrcuit is the Deed of Union119321 and Methodist Church Act119761. Detalled governance arrangements aré outllned within the Constltut5onal Practl¢e and Dlstipline of the MethodSst Church by order of the annuhl conference ICPDI. Day to day management of the Circuit Is undertaken by the Clrcuit Leadership team Icompri%nE the presbytef5 antl Cirtult stewards) and the Lotal Preachers meetlng. Trustee Yraining A range of guidance is produted by Methodist Connexion to support the effective running of the CircuiL including the leallet rhe Role of Trustee in The Methodist Church,. RElated Partles The Circuit is part of the Lincoln5hlre Distrlct and 15 also accountable to the Methodist Conference. 13 operatin8 thurches are linked to the Circuit and are Ilsted in Appendix 8 to thls Report. Risk MJnJgern•nt Major risks. both physltal and financial, are identifled and recorded and professional adwice taken as required. There 1$ a reeular annual review Pro￿5$ undertaken and recorded. Income and Expenditure is monltored in total and is compared wtth the approved annual budget to deteet trends as part of the risk management prO￿$S to avold unforeseen calls on reserves. Safeguordlnr Every person has a value and dignity whith comes directlyfrom the creation of male and female in God's ¢wn image and likeness. Christians See this potential as fulfllled by God'5 re-creatlon of us ln ChTlst. Amon8 Other thin8s this implies a duty to value all people as bearing the image of God and thereforè to protect them frorn h8m. Methodist Connexional practice outlines commitment to the following PTinciple5: the care and nurture of, and respertful pastoral rnini5try with, all children, youn8 people and adults the safeguardlng and protertitrn of all children. young people and adults when they are vulner4ble theÉstabllshin¥ of sale, caringcommunitie$ which provide a lovingenvironmentwherethere isinformed vlgllanceasto tht dangers of abuse. The Circuitwill carefully selectand train all thosewith any responsibillty withlnthe Church, In Ilne with5afer Reerultmentprincl￿eS, including the use of trimin81 records dlstlosures and re8lStration with the relevant vetting barring schemes. The Circuit wll respond without delayto every complaint made which suggests that an adulL rhlld or young person may have been harmed, coopèrating with the poli￿ and local authority in any investigation. The Clrcult wlll seek to work with anyone who has suffered abuse, developing with them an appropriate mlnlstry of informed pastoral care. The Circuit will seek to challenge any abuse of power, especlally by anyone in a p051tion of trust The Circuit will seek to offer pastoral care and support. includingsupervlsion and referral to the properauthorfYes, to any member of our church community known to hwe offended against a child, young person or vulnerable adult. In all these principles the Clreuitwill follow legislation. guidance and re¢ognlsed good practice The Circult commit5 Itself to ensurin8 the implementation of Connexional Safe8uardln8 Poliry. government leglslation, guidance and safe practice in the urcuit and in the churches. The Clrtult commi(s itself to the prowslon of supporl advice and training for lay ènd ordalned people that will ensure people ar¢ cltar and confident about thèir roles and respon51bllities In Saf￿u3rdfj￿g and promoting the welfaTe of children and adukswho may be vulnerable. R•ser¥e5 Pollcy The Reserves Policy forthe Circuit is to hold approximately 50% of the average expenditure. This should besuffi¢lentto meet any unforeseen item of major expenditure on manses and / or to be able to continue. in the shortterrn, fundlng planned actiwties in the event of the failure of churches to meet their quarterly assessment liabilities in full. Le26 59.244 $9.244 $9244 15£.333 64724 27.519 2.166 1,234.364 71ffj70 2J.459 73 Lonsterm Ilabllitles fter nioTethatsL￿e (due N•x•¥sets 1 234 364 27.579 23,4S9 1.357.073 Genpral Fun¢ Iunresidctedi KlodolTws1 F￿nd1689 6.934 D•blors LW$ tyth*CiruJit Tru51wO ￿*s￿y*￿F￿ff￿I0tTmCP Conlr4 Fin#n¢s B¢*d 10.3$7 14.0 20.026 10.ts7 14,(KKI 25,471 16 149.666 149,ffj6 22.W3 12l397 ¢ashal ￿￿kand hha S.978 5.976 210.975 CLvr•hf Il•bllll10s Crth*lors (du9 hiwd8rl yoari GraDIg pay4blpwrtTrHn 2025-2e TotalcuThntMabllllleg 4S.¥7 45,*7 45.967 185.009 5,666 Tatsl•ssots cuFroTr1 bJlMt•s 1427602 49rs 8term IIHtylttles Idueaftermorethan oney¢arl Granlgpayabkafier2D2￿ Lojna lo￿ Circuil Ntti•8sei$ 1 427.G02 Funds of ihe GÉrLéral FMdlUnr•stsrcl8dl CifcuitfiodBITru51 Fund ILh*F51rl 1.427.5tr2 1,427W2 io,eA)D lo,￿0 tA38,ioi 6.97 2J.041 S.576 73.041 ZJ.Q41 TotslFunds 1A27.$02 10,SOD Signed Cir¢uitTr8asurer Grimsby & Cleethorpes Methodist Churth cIr￿[t Notes to the AccouTrts 2025 Grimsby CiT￿lt l Ba515 tsf aC￿Unting The flnancial ststements have been prepared under the Charitie5 Act 2011 In atcordance with the 2019 version of Accounting and Reporting by Chartties.. Statement of Recommended Prattice ISORPI applicable to charities preparing their accounts In accordance with the Financlal ReporElng Standard for Smèller Entities applicable in the UK. and in line with guideltnes 155ued by the Methodist Church. The Circuit Is cla55rfied as a 5rnall entity and Tevenues In most years fall below the £250,000 criteria for producing accwal actounts. However ès sales of assets in other years then tske income above the threshold for the sake of consistency accrual accounting has been adopted in spite of the iDCTeased workload involved. 2 Funds The funds held Include General Fund5 held for any purpose ol the Circult which ère Unrestricted. the Circuit Model Trust Fund which has wide purposes defined in Standing Orders and is categorised as Unrestrlcted. Restricted funds which ère held for a narrower purpose and are listed in the fin31 Note below 3nd Endowrnent funds whirh are also Ilsted in that Note. Any funds may be represented by rnore than just cash. 3 Accounting policies Basls These accounts have been prepared on the basls of historical cost. except that investments are shown attheir rnarket value at the end of the year, on the accruals ba515 to show a true and fair vlew of the Circuit's fina￿la1 p05itK)n and activities. Income Re￿%￿1t10￿ Income is included in the Starement of Flnanclal Activities ISOFAI when the Circuit becomes entitled to the resource5, and the trustees are ￿asonablY certain they will re￿1ve the resources,- and the monerary value can rneasured with sufficlent Resour¢es Exynded This is recognised when a liability is incurred, or a construrtive obllgation arise5. that result5 In the paymenr being unavoidable. Llabilities are recognised as soon as 3n outflow of economic benefit is considered rnore likely than not under the legal or constructive obl￿&atIon comrnittin8 the Circuitto pay out resources. Grants Grants made by the Circuit from its own funds are recognised In full at the tirne ol a8reptnent Dr when the Circuit accept5 thatthere is a legal or operational obligation to make the payment. When the 8ranf is recurrent over more than one year the balance payable in future year5 is treated as 3 provision for future commitments in the B3lan£e Sheet aealnst the approprlate fund, the provlsion belng ￿leaSed 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 expense to which it refers. io Tan8Éble fijtèd assets for use by thÈ Circuit These are capitalised if their anticipated reliable life is more thèn one year, and individually c05t at least £5.000. The tangible fixed a55ets figure is rnade up of three manses together vayed at £753.250 plu5 a plot of land adjoinin8 Keelby Method15t Church purchased by the Clrcult for £9243. The manses are valued at cost or 2019 deerned values, of which the land cotnponent in the opinion of the Trustees is £409,243. No Ilepreciation is provided on any of the bulldings because the trustees Conslder their current residual fairvalue lon the assumption that they had reached the end of their useful economlc lives by the year-endl to be not less than its current value. Any depreciation would not be mhterial. The properties have been reviewed for Impalrment. Investment Properties Thls includes several items. The first, a Cottage which formed part of the Laceby Methodist Church site. Thls redundant church was sold a fewyears ago but the Cottage wa5 retsined bythe Circuit and held for investment purposes as it had sitting tenant. The second relate5 to the Grimsby Central Hall property. retained bythe Circuit a number of years aeo after YÉ ceased to operate as a Churth. It has contert hall facllities 8nd is rented out to a third party. There ère two redundant Churche5 P3ssed to The Circuit for sale. The first Is Beaconthorpe which sold this year for a total ol E68,940 8nd TMCP collected £9,788 01 this arnount.. however Methodist Insurance would not pay out on the insurance policy so there was no settlement in that respect. There was a loss on 5è1e of the property of £51,060. The second is Hurnber5ton Methodist Church. The sale of this redundant property is expected to take place shortly and should appear In next year's accounts. Pending sale these a￿ intruded as Investment Propertie5 in line with guidelines issued by the Methodlst Church. Rental incorne arises from the La￿bY and Central Hall properties and is IncluLled in the SOFA 35 income Irom Investment Properties" as a means of hishlightine the materiality of the income. Investment5 Inve5trnents are valued In the balance Sheet at market value at the year end. InVest￿nt Income is included in the accounts when reeewable and any galns or losses on revaluation at the yearend are shown in the SOFA. Oebtors and Prepayments Debtors relate to the payment of the September stipends in August, which is a cost paid In advance of the servlce to be received. Creditors Creditors relate to Assessments received frorn Churches in advance. lrnp•¢t f>f Accountin8 l otherfhange$ In Sept 2021 responsibilty for the day to day operations of Methodist Flottergate Home5 (prev Charity Reg 2195331 was transferred into the rnain Circuit Accounts ICh3rty Reg 11331041 . Thi5 h3s been intluded within these Circuit Accounts fTOrn that date and Is included under Restricted Funds. An Action plan to ￿verSe tho initlal severe Sosse5 being incurred ha5 been put in place and is now producing early encouraging results. A programme of necessary prerDi5e5 improvemnt Is taking place and will continue into future years. However expensive necessary roof repl4cement will also need to take place in the near future. The value of the Building. continues to be excluded Irom these accounts untll legal ownership is lully established folbwing a review of Trust dorumentation. Taxation The charity Is exempt from tsx on ￿$ charltable athvitles. li Grlmsby & Cleethorpes Methodlst Church Clfcult Cl￿￿1¢ 1715 Unrestricted CFrcuit M¢)del Trust Fund Restrirted Endowment Ttstal 4. Donations and Legacte5 YÈ•r to 31st August 2025 Donations Legacies Yearto 315t August 2024 Don8tions Legarie5 5. Income from monet3ry Invesiments Yearto 31st August 2025 Central Flnance Board 4,422 955 4.422 TMCP 2.205 449 3.609 other Total 5.378 2,205 449 8,032 Yearto 31st August 2024 Central Finance BoaTd 9,023 506 9,023 2,121 TMCP 1.614 Other Total 9,530 L614 11,144 6. Capltal Recelpt5 Thls year La$t year Sale of Closed Church- Beaconthorpe 68.940 68,940 7. Other Charitable Inwme Pension Reserve Fund Refund of donation made in 2022 16,284 2,11 32 From Circuit Churche5 Misc 263 Flottergate Homes Incorne Imalnly Rents) 28,4 27,376 45.798 28,663 8. Payrnent to Trustees With the exception of Stlpends paid to ministers. no payments were made to trusteesfor adrfitlonal seNlces provided to the Circuit by agreernent with the Circuit Meeting Thls year Last year Number of trustees who were pald expeTr5e5 Nature of the expenses Expense payments primarily relate to reimbursement for travel costs Total Amount Paid 8,356 1,949 12 9. Feesfor examination or audit of the accounts IndepenéÈnt examiner's oraud¢tors' fees for reporting on the 750 2SO other fee$ leg.. advice, accountanry services) paid to the independent eKaminer or auditor 10 Paid employees linclLtding Ministers) Staff ttssts paid during the year werÈ= Gros5 W4ge5, 5è1èriÈs and benefits in kind Empbyer'5 National Insurance Costs 111.606 105,081 18,612 8,738 Pension Costs 10,480 23,431 Total staff Costs 140,698 137,249 Avera8e number of staff employed durin8 the year were 13