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EXETER COAST AND COUNTRY METHODIST CIRCUIT

Registered charity 1137450 · accounts filings on the Charity Commission register · also known as EXETER METHODIST CIRCUIT

Latest income
£445k
Latest spending
£552k
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net decrease in funds of £356,098 for the year ended 31 August 2023, driven by a loss on the sale and revaluation of investment property. The trustees note that reserves have been bolstered by recent property sales rather than increases in giving, and that the current level of staffing is unaffordable in the longer term. Despite these pressures, the trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future.

What the accounts disclose

Reserves policy: six months' average expenditure (held: £3.8m)
“The Reserves Policy for the Circuit is to hold a minimum sum equivalent to six months' average expenditure in the General Fund.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Westcotts (SW) LLP.

Structured financials (annual return, FY ending 31/08/2024)

Total income
£743k
Total spending
£1.1m
Reserves (reported)
£3.1m
Employees
2

Reported reserves equal ~35.3 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Devon

Income and spending

Financial year endIncomeSpending
31/08/2025£445k£552k
31/08/2024£743k£1.1m
31/08/2023£2.1m£857k
31/08/2022£498k£564k
31/08/2021£517k£576k

Common questions

Is EXETER COAST AND COUNTRY METHODIST CIRCUIT financially healthy?

The accounts state that the charity reported a net decrease in funds of £356,098 for the year ended 31 August 2023, driven by a loss on the sale and revaluation of investment property. The trustees note that reserves have been bolstered by recent property sales rather than increases in giving, and that the current level of staffing is unaffordable in the longer term. Despite these pressures, the trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2023 accounts were audited by Westcotts (SW) LLP.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with SOUTH EAST NORTHUMBERLAND METHODIST CIRCUIT.