Mid Cornwall Circuit, The Methodist Church

Registered charity 1135006 · accounts filings on the Charity Commission register · also known as TRURO CIRCUIT, THE METHODIST CHURCH

Governance of 14 churches in the Mid Cornwall Circuit of the Methodist Church in line with the Standing Orders of the Methodist Church

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Latest income
£934k
Latest spending
£1.3m
Registered
2010
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net expenditure of £394,523 for the year ended 31 August 2025, resulting in total unrestricted funds of £2,649,098. The trustees note that the policy is to hold three months of expenditure in hand, with free reserves currently at £205k against an approximate target of £200k. Significant increases to staffing costs were attributed to stipend increases set by the Methodist Conference and external factors including National Insurance increases.

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

What the accounts disclose

Reserves policy: three months expenditure in hand (approximately £200k) (held: £2.6m)
“The policy of the Circuit is to hold three months expenditure in hand (approximately £200k). Free reserves are currently £205k.”
Per its FY2025 accounts as filed with the Charity Commission.

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

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

Total income
£934k
Total spending
£1.3m
Reserves (reported)
£200k
Employees
13

Reported reserves equal ~1.8 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Other (83% 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 (4.9%) (benchmarks).

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Trustees · trustee networks

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

Operates in: Cornwall

Income and spending

Financial year endIncomeSpending
31/08/2025£934k£1.3m
31/08/2024£877k£564k
31/08/2023£2.1m£526k
31/08/2022£421k£451k
31/08/2021£282k£291k

Common questions

Is Mid Cornwall Circuit, The Methodist Church financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £394,523 for the year ended 31 August 2025, resulting in total unrestricted funds of £2,649,098. The trustees note that the policy is to hold three months of expenditure in hand, with free reserves currently at £205k against an approximate target of £200k. Significant increases to staffing costs were attributed to stipend increases set by the Methodist Conference and external factors including National Insurance increases. Its FY2025 accounts were independently examined.