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SOUTHWARK AND DEPTFORD CIRCUIT

Registered charity 1134402 · accounts filings on the Charity Commission register

Latest income
£323k
Latest spending
£280k
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total reserves at year-end were £1,906,756, with unrestricted funds of £1,854,715. However, the trustees note that readily available reserves were only £113,834 after accounting for fixed assets, restricted funds, and liabilities. The trustees report that financial risks have increased slightly due to the cost of living crisis affecting income, though the circuit continues to pay assessments which remain the main source of income.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At the year-end, the actual readily available reserves of the circuit were £113,834 (2022/3: £118,857) after allowing for Fixed assets, restricted funds and liabilities.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Circuit is part of the London District and is also accountable to the Methodist Conference. The total amount of related party transactions as at 31/08/2024 is £239,868
“The total amount of related party transactions as at 31/08/2024 is £239,868 (2022/23 £226,935)” — page 20
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Greenwich · Lewisham · Southwark

Income and spending

Financial year endIncomeSpending
31/08/2025£323k£280k
31/08/2024£253k£270k
31/08/2023£237k£308k
31/08/2022£257k£284k
31/08/2021£267k£386k

Common questions

Is SOUTHWARK AND DEPTFORD CIRCUIT financially healthy?

The accounts state that total reserves at year-end were £1,906,756, with unrestricted funds of £1,854,715. However, the trustees note that readily available reserves were only £113,834 after accounting for fixed assets, restricted funds, and liabilities. The trustees report that financial risks have increased slightly due to the cost of living crisis affecting income, though the circuit continues to pay assessments which remain the main source of income. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE CO-MISSION INITIATIVE TRUST1£173k
THE SOLA TRUST1£27k
CHURCH BURGESSES TRUST1£15k

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