BUDE AND HOLSWORTHY METHODIST CIRCUIT

Registered charity 1129530 · accounts filings on the Charity Commission register · also known as BUDE METHODIST CIRCUIT

The activities and purposes of the circuit include the effective deployment of resources of ministry, including people (both staff and volunteers), property and finance, within the member churches, development of circuit policy, training of local (lay) preachers, and the organisation of circuit events including church services, quiet days and retreats, and outreach events.

Objects

The purposes of the Methodist Church are and shall be deemed to have been since the date of union the advancement of -(a) the Christian faith in accordance with the doctrinal standards and the dicipline of the Methodist Church;(b) any charitable purpose for the time being of any Connexional, district, circuit, local or other organisation of the Methodist Church;(c) any charitable purpose for the time being of any society or institution subsiduary or ancillary to the Methodist Church;(d) any purpose for the time being of any charity being a charity subsidiary or ancillary to the Methodist Church.

Area of benefit: UNDEFINED. IN PRACTICE, LOCAL.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Religious Activities · website · Get email alerts

Latest income
£193k
Latest spending
£366k
Registered
2009
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity operated on a deficit budget with expenditure of £366,460 against income of £193,427, resulting in a net deficit of £173,030. The trustees expect this deficit level to continue for the next few years, funded by proceeds from the sale of redundant chapels and unrestricted reserves. While unrestricted reserves are slightly below the stated policy target of £620,000, the trustees believe the charity remains viable with sufficient resources to meet its liabilities.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Assessments on churches (79% of income)
“Assessments on churches 153,023” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £1.1m; policy: in the region of £620,000)
“The unrestricted reserves excluding designated funds are slightly below this target”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Public profiles (found on the charity’s own website): facebook

Structured financials (annual return, FY ending 31/08/2021)

Total income
£982k
Total spending
£277k
Reserves (reported)
£2.4m
Employees
6

Reported reserves equal ~104.5 months of spending — in the top quarter for charities its size (median 7.1 months; benchmarks).

Per its annual return, largest income source: Other (78% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.0%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cornwall · Devon

Income and spending

Financial year endIncomeSpending
31/08/2025£193k£366k
31/08/2024£208k£466k
31/08/2023£318k£554k
31/08/2022£445k£277k
31/08/2021£982k£277k

Common questions

Is BUDE AND HOLSWORTHY METHODIST CIRCUIT financially healthy?

Per its FY2025 accounts: The accounts state that the charity operated on a deficit budget with expenditure of £366,460 against income of £193,427, resulting in a net deficit of £173,030. The trustees expect this deficit level to continue for the next few years, funded by proceeds from the sale of redundant chapels and unrestricted reserves. While unrestricted reserves are slightly below the stated policy target of £620,000, the trustees believe the charity remains viable with sufficient resources to meet its liabilities. Its FY2025 accounts were independently examined.