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NORWICH METHODIST CIRCUIT

Registered charity 1134358 · accounts filings on the Charity Commission register

Religion Christian Methodist Church Norwich Circuit

Causes: Religious Activities · website · Get email alerts

Latest income
£612k
Latest spending
£704k
Registered
2010
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net income of £39,620 for the year ended 31 August 2025, a significant decrease from the previous year's £1,382,853 which included large bequest transfers. Per the trustees' report, unrestricted reserves stood at £4,059,766, which is well above the stated policy target of approximately £260,000, indicating strong financial stability despite the drop in incoming resources.

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

What the accounts disclose

Reserves policy: at least 6 months expenditure (approximately £260,000) (held: £4.1m)
“To meet these obligations, it is our policy to hold at least 6 months expenditure (approximately £260,000) in easily accessible funds within the General Fund.”
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Trustees (Ministers) received remuneration included in staff costs.
“Included within staff costs was trustees remuneration for the year of £255,937 (2024: £246,823)” — page 22
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Sumer Auditco Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£612k
Total spending
£704k
Reserves (reported)
£1.4m
Employees
10

Reported reserves equal ~24.5 months of spending — in the top quarter for charities its size (median 5.2 months; benchmarks).

Trustees · trustee networks

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

Operates in: Norfolk

Income and spending

Financial year endIncomeSpending
31/08/2025£612k£704k
31/08/2024£1.8m£644k
31/08/2023£563k£707k
31/08/2022£473k£502k
31/08/2021£428k£442k

Common questions

Is NORWICH METHODIST CIRCUIT financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net income of £39,620 for the year ended 31 August 2025, a significant decrease from the previous year's £1,382,853 which included large bequest transfers. Per the trustees' report, unrestricted reserves stood at £4,059,766, which is well above the stated policy target of approximately £260,000, indicating strong financial stability despite the drop in incoming resources. Its FY2025 accounts were audited by Sumer Auditco Limited.