Methodist Church in Ireland
Latest income
£36.8m
Latest spending
—
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity returned a funds surplus of £3m for the year ended 31 December 2024, with total income increasing to £36.7m and resources expended rising to £34.9m. Per the trustees' report, unrestricted reserves stood at £234.5m against a policy target of covering fixed assets, investments, and approximately six months of consolidated expenditure. The trustees confirmed adequate financial resources to continue operations through 31 December 2026, citing cash and investment holdings equating to over 18 months of total spend.
What the accounts disclose
Payments to trustees: Trustees who are also ministers/employees received stipends/emoluments.
“The aggregate total emoluments including pension contributions for this work and not in their role as trustees amounted to £3,383k” — page 54
Per FY2024 accounts as filed with CCNI.
Related-party transaction: Grants to related parties
“Grants to related parties 108 597 705 899” — page 38
Per FY2024 accounts as filed with CCNI.
Related-party transaction: Emoluments for Conference members serving as ministers/employees
“Grants to related parties 108 597 705 899” — page 38
Per FY2024 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2024 accounts as filed with CCNI.
Reserves policy: cover the fixed assets and investments together with approximately 6 months of consolidated expenditure (held: £234.5m)
“The Trustees reserve policy is to maintain reserves to cover the fixed assets and investments together with approximately 6 months of consolidated expenditure.” — page 14
Per FY2024 accounts as filed with CCNI.
Defined-benefit pension deficit: £673k
“£673k deficit relates to the Pension Reserve which is held to cover the pension liability arising from obligations to the defined benefit pension scheme”
Per FY2024 accounts as filed with CCNI.
Independent examiner: Ernst & Young LLP
Per FY2024 accounts as filed with CCNI.