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BUXTON METHODIST CHURCH
TRUSTEES’ ANNUAL REPORT AND ACCOUNTS
for the year ending 315* August 2025
1
ADMINISTRATIVE INFORMATION
Name of Church: BUXTON METHODIST CHURCH
Name and address Rev'd Andrew Parker for correspondence: Chapel Street BUXTON
- Derbyshire SK17 6HX
Charity status:
- During 2009 Buxton Methodist Church became a registered charity. Number 1129654
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|---|---|---|---|---|---|---|---|---|
|MEMBERSHIP|OF|BUXTON|CHURCH|COUNCIL|2024/25:|
|Rev Andrew|Parker|(Chair)|Church|Appointed|members|
|Dick|Silson|(Circuit|Steward)|John|Anfield|Glynis|Leyland|
|Peter Johnson|(Circuit|Steward)|Sue|Anfield|Kate|MacLean|
|Wendy|Jones|(Church|Steward)|Robin|Evison|Anna|Quick|
|Anne-Marie|Bentley|(Church|Steward)|Pip|Strachan|Christine|Hodkinson|
|lan|Stubbs|(Church|Steward|&|Nick|Taylor|Ron|Sinclair|
|Treasurer)|Michelle|Boardman|= Angela|Crawford|
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Number of Church Members as at 315 October 2024: 88
AIMS AND ORGANISATION
Buxton Methodist Church has accepted the definition of its aim and purpose given by the Methodist Church in Britain. We exist to:
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WORSHIP: LEARNING AND CARING:
Increase awareness of God’s Help people to learn and grow
presence and to celebrate as Christians, through mutual
God's love support and care
SERVICE: EVANGELISM:
Be a good neighbour to people Make more followers of Jesus
in need and to challenge Christ
injustice
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The Managing Trustees of Buxton Methodist Church are the ‘Church Council’, which is responsible for overseeing the life and mission of the church in accordance with our stated aims and objectives and in accordance with the Constitutional Practices and Discipline of the Methodist Church. It consists of people elected from amongst the members of the church and those who are members by virtue of their office.
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Several sub-committees are appointed by the Church Council to assist it in its work and are responsible to it.
The Church Leadership team and Church Stewards, elected by the church members, ensure, with the minister, that Church Council Policy is carried out and they have responsibility for the day-to-day life of the church.
REVIEW OF PROGRESS AND ACHIEVEMENTS 1/9/2024 — 31/8/2025
Church Mission Plan
We continue to review and update our mission plan keeping our focus on the vision for our church as: ‘All are welcome and all are working together for God in our community’ and ‘our aim is to be a cohesive, caring church community. Learning, worshipping and witnessing to the love of God’.
WORSHIP
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e Worship is central to our life. We aim to provide worship that is relevant and accessible for all and relating it within the context of the world and local community. Our weekly Sunday morning services are attended by about 60 — 70 people, with ages ranging from under 5’s, through teens and up to those who have attended the same church for over 70 years!
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e We began the year with a very special 175'" Anniversary weekend celebration. There was a Saturday afternoon tea and a special service on the Sunday morning. This anniversary weekend provided time to give thanks for what is past, enjoy what is happening and trust in what is to come.
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e We hold a monthly evening informal service — Praise@6 - which provides a time for singing, learning new songs, discussion and activities. Through the use of on-line videos we can hear songs recently released by groups popular with those who attend. Praise@6 is particularly valued by some of our families who see this as a time of being together in church.
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e We have continued a pattern of quarterly Taizé services. The quiet and reflective aspect to these services is in contrast to a morning service and this is appreciated by people both from the Methodist Church and ecumenically. Approximately 20 people attend.
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e There continues to be an active Worship Group. This group plans our three all age services for harvest, Advent/Christmas and Lent/Easter. They are also planning the quarterly Own Arrangement services which are required due to the shortage of preachers across the circuit.
SERVICE
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e Our Saturday Café continues and is busy with its regular clientele.
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e All We Can: We continue to support All We Can as a partner church and regularly hold collections and support their appeals.
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e The Church Council makes donations annually amounting to 10% of our regular giving income. This is shared between the following regular contributions: Methodist Mission in Britain Fund; Methodist Fund for World Mission; Action for Children; All We Can (Methodist Relief and Development); Methodist Fund for Church Property and JMA, and local charities chosen on an annual basis.
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¢ Additionally we raise money for local causes and national and international appeals throughout the year. We participate in Christian Aid Week and support an annual local Christian Aid sponsored walk.
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e Our Rainbows, Brownies and Guides continue to meet and maintain very good numbers.
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|
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e The weekly Baby and Toddler Group provides a much-needed time for adults and pre-school children to meet, play and interact.
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e The church is a major provider of high quality rooms and facilities for the local community. The church is well used as a venue for the Buxton Fringe and a number of concerts are held during the three week festival. We intentionally welcome groups whose aim reflect our values but they provide something we cannot do ourselves. For example, we welcome Transition Buxton Repair Café which supports our eco aims of reuse items rather than take them to landfill. There is also a Bereavement Group which provides valuable pastoral care.
LEARNING and CARING
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e We held a study group through Lent on the theme ‘Calling a Wounded Earth Home: what kind of people may we need to be to face the challenges of climate change?’ The resources were developed by Green Christian as part of their Borrowed Time project.
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e We endeavour to be more environmentally responsible, in line with our mission policy of caring for God’s creation. (We achieved a bronze Eco Church award in February 2024 but have not yet progressed to silver.)
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e ‘Inbetweeners’ took part in the annual Christian Aid sponsored walk and what is becoming the traditional snowdrop walk.
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e Funerals: The minister took a number of funerals in the name of the church and families are invited to the annual memorial service in December.
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e Pastoral Work: The church aims to be a caring community for both its members and non-members alike. The Pastoral group meets once a quarter and tries to make sure pastoral contact is maintained with those in times of need. This may be through visits, phone calls and sending cards at Christmas and Easier.
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e We organised a very popular Daffodil Tea in March which not only raised over £600 for church funds but provided a lovely afternoon for people spending time together.
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e In December a church recipe book was launched, again with the aim of raising funds but also provided a good opportunity for people to share favourite recipes.
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e Churches Together in Buxton has struggled to attract members, however there are still a faithful few who occasionally meet and events are planned through the year. There is a shared ecumenical ministry at the outdoor Remembrance Sunday service and Annual Wells Dressing Festival. The Methodist Church hosted the Week of Prayer for Christian Unity service and there are also well supported Lent Lunches, which take place in the Buxton Parish Church Hall.
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e Sunday Club: Our Sunday Club provides a wonderful weekly opportunity for children to come together, learn and build friendship both with their peers and with those in the wider congregation. The number of children remains steady at about 6 — 10.
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e Holiday Ciub: This year our theme of ‘Kingdom Builders’ led us to think how we build God’s Kingdom. During the week, 20 adults volunteered in many different roles from catering to tidying up and 25 children enjoyed the crafts, music, games and activities.
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e 3Generate Group: This group of young folk aged eight and over meets once a month for various activities. The highlight of the year is attending the national Methodist 3Generate weekend at the NEC. This year a group of 20 of our 8 - 14 year olds joined over a thousand others from all over the country to explore faith in a wide variety of ways. To help towards the cost of the weekend, the group did sponsored events through the year.
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- e Safeguarding: We continue to maintain our church as a safe place to meet and review our procedures as and when necessary. The Methodist Foundation Module training is offered every 6 months and we invite those who are new to their role and those who need refresher training to attend the class on our premises. The Church Council reviews and adopts the Safeguarding Policy annually.
EVANGELISM
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¢ We publish a quarterly magazine containing a variety of information from the groups and about different events which celebrates the diverse life of the church community. A survey of the congregation was undertaken to see if the magazine was a worthwhile investment for the church and the feedback was overwhelming support for its continuation.
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e The weekly sheet has also becomea significant publication and is very much appreciated by those who receive it in hard copy or by email.
-
¢ We also have an increasing presence on Facebook with regular posts and photos about events and activities.
OTHER SIGNIFICANT WORK
There wasa significant amount of time and energy put into our ‘Working Together’ project which grew from the question of ‘why are did we undertake the Raise the Roof project?’ The answer to the question was because we wanted to continue to be an active church in the centre of Buxton providing a much-needed resource for the community. At the end of the roof project, however, we realised that without improvements to our economic situation, we would exhaust our reserves within five years. The aim of the Working Together project was therefore to address two key areas: finance and volunteer resources. We secured a small grant from The National Lottery Heritage Fund to enable us to engage a business planning consultant and set up a steering group, which included Council members and representatives from two of our building user groups.
As the Working Together project drew to a close, we instigated the ‘Balance the Budget’ project which focussed on the problem of the church running on an annual deficit. There was an open church meeting with clear communication about the problem and the need to increase giving and reduce expenditure, with targets for each over the ‘Balance the Budget’ transition year.
Although it was difficult to find areas to cut expenditure, the appeal to increase giving appears to have been received with a positive response and initial signs are that giving from the congregation has increased significantly. We increased our room hire charges by a higher percentage than usual and although there was understandable concern about how this might be received, groups responded with understanding and have continued to use the rooms for their groups.
We sought more volunteer helpers and the response has enabled us to set up a rota for cleaning the church, instead paying a contract cleaner, and more people providing help for Sunday services.
Andrew Parker Minister
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Treasurer's statement
Under the cloud of a gloomy external economic environment, our 2024/25 financial forecast, at the start of the year, reflected a deteriorating position, with further erosion of reserve funds falling to concerning levels. The instigation of a ‘Balance the Budget’ audit and subsequent action plan provided a reality check and the impetus for significant financial improvement.
By the year end, voluntary income (collections) increased to 17% above forecast (from (50,000 to £58,377) and lettings to 12% above forecast (from £43,048 to £48,305). With generous donations from members and some grant funding for specific projects, our total income for the year finished above forecast at £146,668, up 3.4% on the prior year. Supported by some targeted rationalisation of costs, we were able to reduce the deficit to achieve Total Funds at year-end of £85,050 from a previously projected £72,224.
This changing outlook enabled us to deliver on necessary building repairs, maintenance, accessibility and efficiency improvements. Furthermore, we were able to continue donating 10% of our voluntary income level to other external charitable causes.
In summary, year-end results for 2024/25 stabilise our financial position and support a significantly more positive and sustainable 5-year forecast.
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CHURCH RECEIPTS AND PAYMENTS ACCOUNTS
THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS
BUXTON METHODIST
Church
FOR THE YEAR ENDED 31 August 2025
o/s HIGH PEAK PARTNERSHIP Circuit Circuit no. +9704 Charity - Charity Registration number 1129654
Registered Charity - Charity Registration number
If not a registered charity His Majesty's Revenue and Customs Gift Aid number ;
(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable status. Methodist charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrument 2014 No.242)
Minister:
Rev'd A Parker
Church Stewards: Mrs A Bentley Mrs W Jones eaeoO Sn
Treasurer:
Church-receipts-and-payments-2024-25 Normal
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ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025
BUXTON Church METHODIST
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Totals|this|Totals|last|
|SECTION A|Funds|Funds|year|year|
|22 ||OfferingsRECEIPTS and Tax recovered|Pgeees67,691|12,119||79,810|ee|64,379|
|Bank|and|CFB|interest|and|
|a3||Investment|income|4,566|4,635|
|ad|||uetings|
||a5|[|Other]|[receipts]|||12,905]305]|1,081||||,13,986g06|31,38741,392|
||a6 [TOTAL RECEIPTS|||sss|133,468]|13,200]]=|146,668|141,793|
|SECTION|B|
|PAYMENTS|
|'b2 |Circuit Assessment or Share||||52320]|||52,320}|=||52,320|
|b3|Donations|||||550]||||[8880)]|5,100|
|Repairs and Maintenance|fg|36,848|26,155 ||63,003)|41,177|
|Utilities|(Insurances,|water|
|charges,|heating|&|lighting)|16,778|16,778|16,985|
|b7||Other payments|||7||_20963]__9,979|| 30,942!|27,921|
|SECTION|C|
|¢1||FORNET RECEIPTS/PAYMENTS THE|YEAR|(a6-b8)|||081,009}|(22,934)|1,710)|
|o2|Totallast||Year funds brought forward from|413,224]||seas_6,452)|||106,772|408,067|
|Sub|total|(c1+c2|114,233}|(29,386)|84,847|106,357|
|1o4|[Transfers and adjustments|(35,276|35,479 ||2031|(7)|||
|TOTAL FUNDS AT END OF YEAR|(c3+c4)|78,957| 6,093|||85,050]|(c8)|||106,772] (cé)||
|SECTION|D|
|FOR|INFORMATION|ONLY:|MONEY|RECEIVED AND|PASSED|ON|TO|EXTERNAL|ORGANISATIONS|
|d||(these amounts|are|not to|be|included|in|total|receipts/payments|figures|above)|£|£|
|Balance|brought|forward|from|last year|
|LJ Offerings/Gifts|- received for external organisations|a|1,000|
|Offerings/Gifts|-|passed|to|external|organisations|1,034|
|BALANCE STILL|TO BE PAID|(d1+d2-d3)|og|
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Church-receipts-and-payments-2024-25Normal
BUXTON METHODIST
Church
SUMMARY OF CHURCH ACCOUNTS AND INTERNAL ORGANISATIONS REPORTING TO THE CHURCH COUNCIL
SECTION E Please follow the Guidance Notes to complete this page Summary of the Church accounts for the year ended 31 August 2025 and Internal Organisations reporting to the Church Council/Church Meeting. Note that the funds of an Internal Organisation would normally be Restricted funds unless it could be clearly shown that they could be used for any Methodist purpose. This section must be completed to arrive at the gross income and expenditure totals of the Church. lf gross income exceeds the Accruals threshold, then the Accruals method of accounting AND A DIFFERENT FORM must be used to report the accounts (see Methodist website). Please refer to the guidance notes regarding transfers between the District and connected District Organisations.
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INTERNAL Net Receipts/ Opening
ORGANISATIONS Receipts Payments Payments Adjustments balances Closing balances
a [rowerruna | |sl | [||] ts
sfTE a
efEE EE
FSSub total of Internal | fee ee0 Oe oe
e8 |Organisations funds 9,497 9,782 (285) (3 1,280 992
Church accounts {totais
brought forward from page
2 - totals column) 146,668 |(a7) 168,593 |(b9) (c7) 106,772 85,050
solavoHURCHContinueOTA ASH FUNDS ||F [) 156,85 revs} |q@zzso] |___200 108,052]« || 86,042)«yy
if on a separate sheet TOTAL
necessary and bring the TOTAL RECEIPTS PAYMENTS
totals forward
Bees aS
SECTION F
STATEMENT OF ASSETS AND LIABILITIES
OPENING CLOSING
CHURCH - CASH FUNDS HELD at 31 August 2025 BALANCES BALANCES
Bank Current Account 10,816 (446)
Bank Deposit Account 15,272 | geal
rs | OtherTrustees funds for Methodist Church Purposes 30,090 | 30,0ao 9 9]0
SUB TOTAL - Church accounts 106,772 85,050
Total funds held by Internal Organisations (the
I | TOTALclosing balance CASH FUNDS total from above) HELD BY (e12)CHURCH 108,052 (e11) 86,042 (e12)
S88 S909 a
SECTION G At At
OTHER ASSETS and LIABILITIES 1 September 2024 31 August 2025
1 |Investments (include Endowments) 50,000 50,000
ae2 Land|value) & Buildings (see notes re Insurance 781,150 781,150
| ||
Loan(s) - show amount outstanding at year end | |
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f4 include only Funds held at the Central Finance Board
f5 Include only Funds held at Trustees for Methodist Church Purposes g1 Include any other investments (not the cash element of TMCP trusts accounts this is included in line f5
Church-receipts-and-payments-2024-25 Normal
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Name of Church .. Ba2xmtons SUS OPUSTocc. noya.foey
Declarations and Scrutiny
| confirm that these Receipt and Payment based accounts for the year to 31 August 2025 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees.
signature of treasurer... MMA II aeons Date A* Noy, 26 Name and address of treasurer ....... lan Stubbs
8 The Paddock, Buxton, Derbyshire. SK17 6XR
Presentation to the Church trustees
| confirm that the annual report and accounts for the year ended 31 August 2025 were/will be* presented to the meeting of the Church trustees held on.................
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Signature of the Chair of the meetingee
Nameofthe Chairof the meeting Brodvews farer Date... ' 0 brbe...
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Independent Examiner’s Report to the Trustees of the
Rx TOS cocccccccsecssssessue,Church
Charity Number M29 Wut
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Responsibilities and basis of report
| report to the trustees on my examination of the accounts of[the][....................ccceeeeseeeeeeeeeees][Church] for the year ended 31 August 2025 set out on pages ... to.... As the Church’s trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Church's accounts carried aut under section 145 of the Act and, in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
- delete or circle as appropriate
Church-receipts-and-payments-2024-25 Normal
4o0f5
Name of Church .. Buxton Methodist
independent Examiner’s Statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below*) which give me cause to believe that in, any material respect:
- e the accounting records were not kept in accordance with section 130 of the Act; or e the accounts do not accord with the accounting records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
| have/nave not* obtained independent verification of all investments with the Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance sheet date.
Signature of independent examiner... Caweuoes Lee coe be bee cee ee tee eee cee veeeee en eees Name of independent examiner Cty Sine ESu2ak ety Feaweis.....
Relevant professional qualification of independent examiner RET RA. AOCCU TANT
Nameoffirm (where appropriate) ...... 000... co cec cee cee ccc eee cee cee cou vec cues cuuaee tunes sea vecunecenees Address Fort WN Steveneanwns Coa Buren cee coo vesvassisnis ass ssses tes vanivsniesiensosvivastestisteitsirsatesusussse Post Code SKU7,& OX
- delete or circle as appropriate
Church-receipts-and-payments-2024-25_Normal
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BUXTON METHODIST CHURCH Notes to the Receipts and Payments for the year ending 31st August 2025
| RECEIPTS - page 2 Section A | 2024-25 | ||||
|---|---|---|---|---|---|
| 1. Offerings and Tax Recoverable | ee | ||||
| Loose cash collections | £5,595.00 | £6,943.00 | |||
| Weekly envelopes |
£7,702.00 | £4,715.00 | |||
| One-off Gift Aid envelopes/donations | £10.00 | ||||
| BACS collections (Standing Orders) | £41,881.00 | £31,815.00 | |||
| Other Donations | £6,130.00 | £692.00 | |||
| Card Machine & Text donations | £3,190.00 | £2,270.00 | |||
| Funeral collections | £193.00 | ||||
| Bequests and Memorial donations | £1,000.00 | £6.00 | |||
| Tax recovered under GiftAid | £1,990.00 | £17,203.00 | |||
| Restrictedofferingsreceved. SS Misc donations (restricted) |
SubTotal £67,691.00 £63,644.00 SC™~—SCS—sSS—s—iYSCCCS~drCSC(Ctst~S~S~*™ £12,119.00 |
||||
| Raise the roof fund | £735.00 | ||||
| Bequests | |||||
| Sunday Club |
|||||
| Kitchen & Catering | |||||
| Sub Total | £12,119.00 | £735.00 | |||
| 2. Interestand Investment Income | Ce) | ||||
| TMCP | £23.00 | £12.00 | |||
| Methodist Chapel Aid A/c & Derbyshire Community | Bank | £837.00 | £795.00 | ||
| Special Interest bearing deposit A/c | £165.00 | £336.00 | |||
| Current A/c | £160.00 | £247.00 | |||
| Gain on Endowment investment | £100.00 | ||||
| M&G Charibond income | £3,381.00 | £3,145.00 | |||
| 3. Other Receipts Miscellaneous Sales Café |
a3 | _ «££4,566.00) |
Tee £6,308.00 |
||
| Weddings and funerals fees | £2,175.00 | £475.00 | |||
| Personal photocopies | £172.00 | £129.00 | |||
| Solar Panels | £721.00 | £524.00 | |||
| Young People | £880.00 | £435.00 | |||
| Social Events | £1,157.00 | £252.00 | |||
| Insurance claim | £1,492.00 | £347.00 | |||
| Bin collection refund | |||||
| £8,220.00 | |||||
| Young People | £816.00 | £1,073.00 | |||
| Grants | £22,095.00 | ||||
| Recipe Books | £265.00 | ||||
| ad | £31,388.00 | ||||
| 4. Grantsand Donations | Eee eeelee |
||||
| Mission in Britain Fund | £1,100.00 | £1,000.00 | |||
| Fund forWorld Mission (includes £375.00 | to JMA) | £1,475.00 | £1,350.00 | ||
| AllWe Can | £650.00 | £600.00 | |||
| Methodist Homes | £375.00 | £350.00 | |||
| Action for Children | £650.00 | £600.00 | |||
| Vision Action | £200.00 | ||||
| Juvenile Arthritus | £200.00 | ||||
| Samaritans | £200.00 | ||||
| Blythe House | £200.00 | ||||
| Peak District Music Centres | £200.00 | ||||
| Buxton Foodbank/Nightstop/Zink | £200.00 | ||||
| UNICEF Gaza Children | £250.00 | ||||
| Churches together in Buxron | £50.00 | ||||
| High PeakCVS | £200.00 | ||||
| Crescent Heritage Trust | £200.00 | ||||
| Epilepsy Action | £200.00 | ||||
| East Midlands AirAmbulance | £200.00 | ||||
| Buxton Mountain Rescue | £200.00 | ||||
| b3 | £5,550.00 ee |
£5,100.00 ee |
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ReportP on behalf of
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Buxton Methodist Church
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(Church Council! GireuitMeeting/District)
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To . .
The High Peak Partnership
(Circuit Meeting/District)
We submit our annual report in accordance with . ; oo
the requirements of the Methodist Conference and (ili) We have agreed a Reserves Policy which is
the Charity Commission guidance in CC 19. set out overleaf and is recorded in the
trustees’ minutes and our Annual Report
(I) The trustees have established their mission ; ;
aims taking into account all of the resources (iv) We recognise the need to be accountableas
available in terms of people, property and charity trustees for all the money which
money comes into our hands and will provide further
information as required by the
(ii) Mission _ initiatives/projects have been Circuit/District/Connexion
costed or estimates made of projected future .
costs which take into account the needs of (v) Our Report is attached overleaf
the buildings and the requirements of the ————
Quinquennial Inspection Report/s * please delete as appropriate
To be completed by Receiving Body
The The High Peak Partnership
Circuit Meeting/District received the RESERVES POLICY of
ChurchBuxtonCouncil/GireuitMethodist ChurchMeeting/District ee
Policy accepted and acknowledgement sent to the trustees
Policy noted and the following enquiries made of the trustees
Responses received and any further action taken
|
|
Circuit/District
SIQMAtUreS ose eee cscecee ee senteeetereseeeereesenes voseneeroesserstseccuerccsecenecesereresen Dat@........eeee
Please delete as appropriate
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RESERVES POLICY of
Buxton Methodist Church (*Church Councill_|/CireuitMeeting||/District[])
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1. General Funds held at Y/E 31/08/2025 £78,957
| 2. Restricted Funds held“ |£6093|£6093||
| 3. Endowment Funds held —_“ £0 i
4. Reserves policy for General Funds
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|£6093|£6093||
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Please see spreadsheet attached.
Our reserves policy relates to unrestricted funding, including our designated funds Our policy is to maintain six months of general operating costs (50% the previous year’s expenditure on charitable activities) including Circuit Assessment, in order to be able to fulfil our responsibilities to our Minister, staff, users of our building and the wider Circuit.
In 2024/25, our total expenditure, excluding expenditure on major projects, was £142,441. The six months’ running costs figure is therefore £71,221. The unrestricted funding we had available at 31 August 2025 was £78,957. We are therefore able to fulfil our reserves policy, with £7,734 in addition, which is not excessive | The[income] Five-Year Forecast[in][each][financial] for[year,] Buxton[but][our] Methodist[residual] Church[balance] as[remains] a whole[positive] shows an[over] excess[ the][ whole] of expenditure[period.][It][only] over drops below the reserves policy level in 2029/30, so we have time to address this. Our ‘Balancing the Budget’ project has already improved our financial sustainability considerably.
(Note: £50,000 of our financial balance is responsibly invested through M&G Charifund. We acknowledge that the value of this can fluctuate, so we only recognise the original investment figure in our reports.)
- Policy for Restricted Funds
We retain restricted funds until they can be utilised for the purpose the benefactor intended. Currently these include funds raised by our young people, towards the costs of attending the 3Generate conference and other youth activities, and the residue of a donation from our former Luncheon Club, reserved for use on kitchen equipment and upgrading. (There is also a sum held on behalf of internal organisations.)
- Terms relating to Endowment Funds held
We do not have any endowment funds.
This Reserves Policy has been approved by | Buxton Methodist Church Council
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(Church Councill_]/Gireuit Meeting__]/Distriet{_])
Trustee (& Chair of the Finance Committee)
Full name: Graha
ij Hedgesff Full Name: Kate MacLean
Signature Pr// |Signatur"Rate % ack —
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