LAUNCESTON AREA METHODIST CIRCUIT
Latest income
£264k
Latest spending
£223k
Registered
2010
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £312,225 for the year ended 31 August 2024, resulting in total unrestricted and restricted funds of £1,171,788. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Related-party transaction: Trustee Ann Hobden received remuneration for employment.
“In the period, the Trustee Ann Hobden received remuneration from the Charity for their employment. This is in accordance with Law and Standing Order 314 as detailed by the governing documents. The remuneration included gross wages of £14,837, £198 in employers pension contributions and £792 in employers national insurance.” — page 12
“Trustees Rev John Haley and Rev D Miller received £45,488 gross Stipends (2023: £42,815) , in addition to a £388 computer allowance (2023: £176) and £11,185 in pension contributions (2023: £18,932) for their role as Minister in the period. The Circuit paid £3,820 (2023: £3,165) in Employers National Insurance.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees Rev John Haley and Rev D Miller received stipends and pension contributions.
“In the period, the Trustee Ann Hobden received remuneration from the Charity for their employment. This is in accordance with Law and Standing Order 314 as detailed by the governing documents. The remuneration included gross wages of £14,837, £198 in employers pension contributions and £792 in employers national insurance.” — page 12
“Trustees Rev John Haley and Rev D Miller received £45,488 gross Stipends (2023: £42,815) , in addition to a £388 computer allowance (2023: £176) and £11,185 in pension contributions (2023: £18,932) for their role as Minister in the period. The Circuit paid £3,820 (2023: £3,165) in Employers National Insurance.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees Rev C Arscott and Rev D Sparey-Delacassa received super-numerary payments.
“In the period, the Trustee Ann Hobden received remuneration from the Charity for their employment. This is in accordance with Law and Standing Order 314 as detailed by the governing documents. The remuneration included gross wages of £14,837, £198 in employers pension contributions and £792 in employers national insurance.” — page 12
“Trustees Rev John Haley and Rev D Miller received £45,488 gross Stipends (2023: £42,815) , in addition to a £388 computer allowance (2023: £176) and £11,185 in pension contributions (2023: £18,932) for their role as Minister in the period. The Circuit paid £3,820 (2023: £3,165) in Employers National Insurance.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/08/2024)
Total income
£508k
Total spending
£197k
Reserves (reported)
£107k
Employees
4
Trustees
- Rev David Clive Millerchair
- Andrew Baker
- Angela Morrison
- Ann Christine Hobden
- Ann Foster
- Anthony George Stephens
- BERNARD WEST STROUT
- Barbara Sleep
- CHRISTINE JOY HORDLEY
- DAVID JOHN PETT
- DOROTHY MARY DAVEY
- Daphne Mary Tucker
- Dr Clive Anthony Vinson
- ERIC WILLIAM ROWLAND
- EVELYN ANNE ROWE
- Elizabeth Janet Ham
- Francis George Arscott
- Henry George Stanbury
- Irene Mary Stanbury
- JILL PATRICIA PRICE
- Jennifer Mary Creber
- KEITH RICHARD BROWNE
- Kenneth Scoble
- LINDA MAUREEN JONES
- Mary Cole
- Mary Lorraine Sluggett
- Neil Hillson Burden
- PHILIP PERCIVAL PARSONS
- Philip John Medland
- REV ANNE CURNOW
- REV KEITH ROBERTS
- Rev Catherine Elizabeth Arscott
- Roger John Roy Parsons
- Ruth Richey
- SANDRA JOY SMALE
- WILLIAM JOHN WHALE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £264k | £223k |
| 31/08/2024 | £508k | £197k |
| 31/08/2023 | £242k | £203k |
| 31/08/2022 | £237k | £226k |
| 31/08/2021 | £189k | £223k |
Common questions
Is LAUNCESTON AREA METHODIST CIRCUIT financially healthy?
The accounts state that the charity reported a net income of £312,225 for the year ended 31 August 2024, resulting in total unrestricted and restricted funds of £1,171,788. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.