SOUTHAMPTON METHODIST CIRCUIT
Financial health, per its FY2024 accounts
The accounts state that the charity exceeded its stated reserves policy target of four to eight months' normal expenditure, holding unrestricted funds of approximately £799,081 against a calculated requirement of £182,500. The trustees note that this excess will be used to offset losses due to pandemic-related income reductions, and no fund is materially in deficit.
What the accounts disclose
“We aim to hold at least four months' and no more than eight months' normal expenditure, in the General Fund (including the Central Finance Board general account).” — page 13
Structured financials (annual return, FY ending 31/08/2024)
Trustees
- Alicia Gilbert
- Andrew Franks
- CHRISTINA MARJORIE LLOYD PRITCHARD BTH PGCE
- DAVID EDMONDS
- DAVID JOHN WOODMAN
- David Anthony Woodbury
- Deborah Anne Craggs
- Eric William Gerrey
- Jemma Hack
- Jennifer S Hunkin
- Lesley Butterfield
- Linda Mathews
- MARK RAYMOND PRICE
- MRS GILL ROBINSON
- Manosree Fordham
- Michael Bliss
- NEIL ROGER HITCH
- Pamela Wickes
- RUSSELL Joshua HACK
- Rev Anthony Parkinson
- Rev Stephen E Robinson
- Richard Forbes
- Rita Duell
- Sue Sapsard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £246k | £329k |
| 31/08/2024 | £982k | £856k |
| 31/08/2023 | £261k | £258k |
| 31/08/2022 | £436k | £388k |
| 31/08/2021 | £1.2m | £732k |
Common questions
Is SOUTHAMPTON METHODIST CIRCUIT financially healthy?
The accounts state that the charity exceeded its stated reserves policy target of four to eight months' normal expenditure, holding unrestricted funds of approximately £799,081 against a calculated requirement of £182,500. The trustees note that this excess will be used to offset losses due to pandemic-related income reductions, and no fund is materially in deficit. Its FY2024 accounts were audited by Knight Goodhead Limited.