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VALE OF STOUR METHODIST CIRCUIT

Registered charity 1145208 · accounts filings on the Charity Commission register

Latest income
£276k
Latest spending
£406k
Registered
2011
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that net current assets were £823,114, providing in excess of one year's cover for expenditure. The charity's reserves increased significantly during the year, partly due to the sale of a church premises, resulting in total funds carried forward of £2,189,634. The trustees report that the circuit has sufficient resources to continue operating, with no material uncertainties identified regarding its ability to meet liabilities as they fall due.

What the accounts disclose

Reserves policy: six months' average expenditure (held: £2.2m)
“The Reserves Policy for the Circuit is to hold a minimum sum equivalent to 6 months' average expenditure.” — page 7
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payments made to external organisations (gifts/offers passed on).
“Offerings/Gifts passed to external organisations 1,806”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/08/2023)

Total income
£658k
Total spending
£513k
Reserves (reported)
£2.2m
Employees
7

Reported reserves equal ~50.8 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: Dudley · Sandwell · Staffordshire

Income and spending

Financial year endIncomeSpending
31/08/2025£276k£406k
31/08/2024£371k£370k
31/08/2023£658k£513k
31/08/2022£279k£403k
31/08/2021£589k£466k

Common questions

Is VALE OF STOUR METHODIST CIRCUIT financially healthy?

The accounts state that net current assets were £823,114, providing in excess of one year's cover for expenditure. The charity's reserves increased significantly during the year, partly due to the sale of a church premises, resulting in total funds carried forward of £2,189,634. The trustees report that the circuit has sufficient resources to continue operating, with no material uncertainties identified regarding its ability to meet liabilities as they fall due. Its FY2023 accounts were independently examined.

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