SOUTH EAST NORTHUMBERLAND METHODIST CIRCUIT
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £46,905 for the year, resulting in a deterioration of unrestricted reserves which are now below the stated policy target. The trustees note that unrestricted reserves are unlikely to improve in the future due to risks associated with reducing church membership and income. Despite these financial pressures, the trustees maintain a going concern basis, asserting adequate resources for the foreseeable future.
What the accounts disclose
“The unrestricted reserves are therefore below the policy level and have deteriorated further during the year.” — page 6
“Rev. A Oakley, Rev. C J Wood-Archer Rev. D Harding and Rev. R Porter, Trustees of South East Northumberland Methodist Circuit, received salary payments totalling £145,422 (2024: £141,765) (including employer's pension contributions) for their work as Methodist ministers.” — page 20
Structured financials (annual return, FY ending 31/08/2024)
Trustees
- Rev ANTONY OAKLEYchair
- Cathryn Arnold
- Peter Michael Scott
- Rev Alan Douglas McGougan
- Rev Christopher John Wood-Archer BA.BD.MA.
- Rev Denise Harding
- Rev Richard Porter
- Tom Lloyd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £290k | £337k |
| 31/08/2024 | £1.9m | £496k |
Common questions
Is SOUTH EAST NORTHUMBERLAND METHODIST CIRCUIT financially healthy?
The accounts state that the charity reported a net expenditure of £46,905 for the year, resulting in a deterioration of unrestricted reserves which are now below the stated policy target. The trustees note that unrestricted reserves are unlikely to improve in the future due to risks associated with reducing church membership and income. Despite these financial pressures, the trustees maintain a going concern basis, asserting adequate resources for the foreseeable future. Its FY2025 accounts were independently examined.