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NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT

Registered charity 1139890 · accounts filings on the Charity Commission register

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Latest income
£1.4m
Latest spending
£2.1m
Registered
2011
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted reserves stood at £3,074,992, with £174,058 in uncommitted, readily available funds. The trustees confirm the charity is a going concern based on available monetary and human resources, and the independent examiner reported no matters requiring attention regarding the accounts.

What the accounts disclose

Reserves policy: one quarter’s worth each of stipends, District assessment and manse related costs of insurance, council tax and water, plus one quarter’s transfer to the manse maintenance account (held: £174k)
“The reserves policy for the unrestricted general fund is to hold a minimum of one quarter’s worth each of stipends, District assessment and manse related costs of insurance, council tax and water, plus one quarter’s transfer to the manse maintenance account.” — page 3
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Mrs C. Smith, a trustee, is an employee of the Circuit and receives a salary.
“One trustee, Mrs C. Smith, is an employee of the Circuit and is in receipt of a salary and other employment related expenses.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The document states the Circuit is part of the Methodist Church Connexion and pays assessments to the District and Connexion. It also notes that TMCP holds funds. However, specific transaction amounts for these related party flows (other than the general assessment/levy which is an operational cost) are not broken out as distinct 'related party transactions' with specific amounts in a dedicated note, unlike the grants made. The prompt asks for disclosed related-party transactions. The assessment is a standard operational cost. The grants are to local churches (which are not consolidated). The most explicit 'related party' nature is the Connexional structure. However, without a specific note detailing 'Related Party Transactions' with amounts for the Connexion/District beyond the general expenditure, and given the strict rule to only extract what is explicitly stated as a transaction, I will look for specific disclosures. Note 12 details the District Assessment calculation but not a specific 'related party' label with a distinct amount separate from general expenditure. Note 9a mentions payments to Trustees. Mrs C. Smith is a trustee and employee. This is a related party transaction. Also, the Circuit pays the District. Is this a 'related party transaction' in the accounting sense? Yes, but often disclosed in notes. Here, it's in the main expenditure. Let's look for specific 'Related Party' notes. There are none. However, Note 9a explicitly discusses payments to trustees. And Note 14/15 don't list specific related party suppliers. The most material explicit related party *payment* is the trustee salary. The Connexional payments are operational. I will list the trustee payment.
“One trustee, Mrs C. Smith, is an employee of the Circuit and is in receipt of a salary and other employment related expenses.”
Per its FY2023 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
£1.4m
Total spending
£2.1m
Reserves (reported)
£487k
Employees
4

Reported reserves equal ~2.8 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Derbyshire · Nottingham City · Nottinghamshire

Income and spending

Financial year endIncomeSpending
31/08/2025£1.4m£2.1m
31/08/2024£1.0m£576k
31/08/2023£568k£403k
31/08/2022£319k£423k
31/08/2021£340k£432k

Common questions

Is NOTTINGHAM TRENT VALLEY METHODIST CIRCUIT financially healthy?

The accounts state that unrestricted reserves stood at £3,074,992, with £174,058 in uncommitted, readily available funds. The trustees confirm the charity is a going concern based on available monetary and human resources, and the independent examiner reported no matters requiring attention regarding the accounts. Its FY2023 accounts were independently examined.