Charity number: 1132338
ST NEOTS AND HUNTINGDON CIRCUIT
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

ST NEOTS AND HUNTINGDON CIRCUIT
CONTENTS
Page
R￿eren￿ and Admlnlstratlva Detalls of the Charity, its Trustees and Advisers
Trustees. Report
Independent Examlner'8 Report
Statement of Financlal Actlvlti88
10
Balancé Shoot
11
Note8 to the Flnanclal Statement8
12-26

ST NEOTS AND HUNTINGDON CIRCUIT
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Trustees
Rev J J Bamber, Superintendent minister
Rev S Baker, Minister
Rev N Witham, Minister
Rev P Siddall, Supernumerary minister
Ms A Pellatl, Circuit Steward (appointed 11 June 2024)
Rev H Walker. Supernumerary minister
Deacon S Roberts, Supernumerary deacon
Mrs R Butler, Circuit Steward
Mr N Bainbridge, Circult Steyrfard (resigned 10 September 2024)
Mrs L M Charlton, Circult Steward
Miss E A Cracknell, Circuit Treasurer
Mr R Ward, GDPR Champion
Mrs P R Zahner, Circuit Mission and Ministry Support Co-ordinator
Miss V J Almond, Circuit Safeguarding Officer
Mrs J M Bainbridge, Methodist Women in Britain
Mr P J Barker. World Mission Fund Treasurer
Mr A Buller. Connexional Funds Treasurer
Mr J M Green, Local Preacherfs Secretary
Mrs O M Watkins. Circuit Meeting Secretary
Mr G E J Wrycroft. Circuit Property Steward
The following trustees are elected representatives from churches within the St
Neots and Huntingdon Circuil".
Berkley Street, St Neots - Mrs B K Spencer and Mr C J Thompson
Brampton - Mr A E Cannon, Mrs D Cannon and Mrs R Parsons
Buckden - Miss C M Swepslone and Mr W Thomas
Eaton Ford - Mr B Gardiner (resigned 6 December 2023)
Hilton - Mrs S Hay, Mrs D J Whatley and Mrs H Woods
Huntingdon - Mr P R Hornsby
Over- Mr C G Smith and Mr D Ward
Ramsey- Mrs H M Tydda, Mrs C Simpson and Mr D A Whistler
Sawtry- Mrs J Anderton (appointed September 2023), Mr M Baker and
Mr M Coates
St Ives - Mr T Kelby. Mr J Knell. Mrs L E Knell and Mrs K Pickln
Warboys - Mr J K Rogers and Mr D M Watkins
Page 1

ST NEOTS AND HUNTINGDON CIRCUIT
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
(CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Charity registered number
1132338
Principal office
Huntingdon Methodist Church, 17 High Street, Huntingdon, Cambs, PE29 3TE
Accountant8
Moore, Rutland House, Minepla Business Park, Lynchwood, Peterborough, PE2 6PZ
Bankor8
HSBC plc, 12 Allhallows, Bedford, Bedfordshire, MK40 1 LJ
Central Finance Board of the Methodist Church. 9 Bonhill Street, London, EC2A 4PE
CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ
Custodian Trustees
Trustees for Methodist Church Purposes (TMCP), Central Buildings, Oldham Street, Manchester, M1 1JQ
Page 2

ST NEOTS AND HUNTINGDON CIRCUIT
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Trustees present their annual report together with the financial ststements of the charity for the year from 1
September 2023 to 31 August 2024.
Objectives and activities
a. Pollcles and objectlves
The St Neots and Huntingdon Circuit (14125) is part of the East Anglia District of the Methodist Church.
The Circuit continues to provide ministerial oversight and pastoral care of the Methodist churches in the St Neots
and Huntingdon area at Berkley Street (St Neots), Brampton, Buckden, Hilton, Huntingdon. Over. Ramsey,
Sawlry. St Ives and Warboys.
Following the closure of Great Barford and Tempsford churches In 2022123, both chapel buildings were sold in
September 2023 and the Circuil received its share of the sale proceeds. The cash balances of both chapels
were transferred to the Circuit and have been added to the projects fund.
Eaton Ford church held its final service in January 2024 but the chapel bulldlng cannot be advertised for sale
until the land Registry are satisfied Ihat the property is correctly registered. The building continues to be used by
another free church and Circuit officers have taken over responsibility for managing the finance and property for
Eaton Ford.
The Circuit's mission policy and priorities were confirmed in 2022123. The Circuit believes that members are
called together by God to be Christ-centred, disciple-focussed and Spirit-led. As part of the connexional
Methodist Church, the Circuit's role is to-
increase awareness of God's presence and to celebrate God's love.,
help people to learn and grow as Christians, through mutual support and care,. and
be a good neighbour to people in need and challenge injustice.
Members and churches are asked to..
PRAY before each meeting and activity (coffee mornings children activitles, fellowshlp groups etc}, offering
to be a channel through which God speaks to others
PUT "a conversation about the work of God in this place. as the first item on every church council agenda
LIST, at the end of every Church Council meeting, prayer points for the everyone in the church to pray for
and ensure the list is circulated
The Circuit encourages each church to shape its lrfe and witness in the communities they serve.
Page 3

ST NEOTS AND HUNTINGDON CIRCUIT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectives and activities {continued)
b. Actlvlties undertaken to achleve objectivos
The Circuit recognises the wide range of activities being undertaken in local churches, either offering direct
Christian teaching or creating an environment where people can share their faith with others.
The Circuit churches which remain active have all been open for public worship during the year, providing an
accessible and welcoming venue for all Christians, and those wishing to know more about the Christian faith, to
meet, talk and worship together. The Circuit believes that the message of the Christian faith has an important
role in helping communities to live together in peace and harmony.
The Circuit is fully committed to the Methodist Church's policy on safeguarding and continues to provide ongoing
training and support for people undert8king leadership roles within the church, especially those working with
children and young people, andlor vulnerable adults. Training in Unconscious Bias and Equality. Diversity and
Inclusion continues to be offered as part of the Connexional Methodist Church's commitment to being a church
which is inclusive and lustice-seeking,
c. Maln actlvltlos undertaken to further the charlty's Purpos￿ for th• publlc benefit
The Circuit has considered the Charity Commission's general guidance on public benefit and believes that the
activities undertaken are for the benefit of all members of the Circuit churches and the wider community.
Structur•• governance and management
a. Constitution
St Neots and Huntingdon Circuit became a registered charity, number 1132338. on 26 October 2009.
b. Method8 of appolntment or •l•ctlon of Tru8t••s
The management of the Circuit is the responsibility of the Trustees who are elected and co-opted under the
terms of the Deed of Union (1932) and Methodist Church Act (1976).
Trustee appointments include..
All presbyters stationed within the Circuit (ex-officio)
All supernumerary presbyters and deacons within the Circuit (if they wish to be appointed as a trustee)
All Circuit Stewards, including the Circuit Treasurer and Chair of Manse Committee (if not a Circuit Steward)
The Circuit Meeting Secretary, Circuit Safeguarding Officer, Local Preachers, Secretary, GDPR Champion,
Methodist Women in Britain representatives and treasurers of Connexional Funds and the World Mission
Fund
Representatives from each church within the Circuit to include: a church steward, the treasurer and at least
one church representative elected by the local church council. Churches with over 50 members are eligible
to elect two representative Members.
Page 4

ST NEOTS AND HUNTINGDON CIRCUIT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structure. governance and management (contlnued)
c. Organisational structure and d•cision-maklng policies
The Board of Trustees is known as the Circuit Meeting and meets quarterly to receive reports and discuss the
Circuit's activities. Circuit Meeting members comprise Circuit officers and representatives from member
churches, as set out on page 1.
Day to day responsibility for the pastoral needs of the Circuit is delegated to the Superintendent minister,
presbyiers and other members of the ministerial team. Circuit Stewards exercise responsibility for property and
finance, alongside pastoral ministry to the ministers and their families and sharing collective responsibility and
oversight for the spiritual and material well-being of the Circuit.
d. Pollcle8 adopted for the inductlon and training of Trustees
New trustees are encouraged to read Charity Commission Guidance on the responsibllitles of trustees under
charity law and also to read and follow the procedures sel out in the Constitution and Discipline of the Methodist
Church as well as undertaking training on Unconscious Bias and Equality, Diversity and Incluslon.
e. Pay policy for koy management personnel
Stipends and allowances are paid to presbylers stationed in the Circuit. in accordance with the rates agreed by
the Connexional Pay and Allowances Committee. Presbyters are only paid for their role within the church and not
for their roles as charity trustees. Circuit Stewards and all other trustees act in a voluntary capacity and do not
receive any remuneration.
f. Financlal rlsk management
The Trustees have assessed the malor risks to which the charity is exposed, in particular those related to the
reputation, operations and flnances of the charity, and are satisfied that systems and procedures are in place to
mitigate exposure to the major risks wherever possible. Ongoing training in key areas helps to raise awareness
of potential difficulties within the context of local churches and in the Circuit environment, and also provides
opportunities to discuss ways of mitigating those risks wherever possible.
The most slgnificant financial risk to the Circuit in 2023124 was the challenge of meeting increased costs with
reduced income following the closure of 3 churches in recent years. The premises used by Methodist churches
in the St Neots and Huntingdon Circuit are legally owned by the Trustees for Methodist Church Purposes
(TMCP) but the Circuit is entitle to receive a proportion of proceeds from the sale of any church buildings. As
noted above, income from the sale of Great Barford and Tempsford chapels was received in 2023124 and
£40,000 of these capital receipts has been used to support the assessment contributions from ongoing
churches. A similar share of capital income is expected to be used over the following 4 years to enable the
Circuit to maintain the current level of paid staff. All expenses continue to be closely monitored to seek to ensure
that the Circuit, and the churches it supports, are able to continue to operate effectively and efficiently.
Page 5

ST NEOTS AND HUNTINGDON CIRCUIT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Achlevements and performance
Main achi•v•m•nts of the charity
General activities
All churches within the Circuit meet for worship every Sunday, as well as offering other fellowship groups and
activities to enable people of all ages to meet together to explore the Christian faith. Some churches are able to
offer live-streaming of services and other events through Zoom and YouTube which enables those with digital
access, who are unable to attend services, lo continue to share in worship. Written worship materials are also
clrculated to those who are unable to attend worshlp or ac￿$$ onllne events.
Circuit aciivities continue to be financed by contributions made by each of the member churches, as agreed on
approval of the Circuit budget. In 2023124 assessment contributions of £175,000 were requested and a total of
£173,232 was received.
The majority of Circuit expenditure continues to relate to the costs of employing the ministerial team and
maintaining the four Circuit manses. In addition, the Circuit is required to contribute towards the costs of the East
Anglia District and the Connexional team via the district assessment and travel fund. The Circuil al80 oversees
the training and development of Local Preachers, lay workers and volunteers so that they are also able to lead
worship and lead the local church communities in their activities.
Outreach Minist Pro'ect
Two children and families workers continue to serve at St Ives Methodist Church and Berkley Street Methodist
Church in St Neots. In accordance with Methodist guidelines, the St Neots and Huntingdon Circuit is the
employing body for these appointrnents.
Both appointments are fixed term contracts, with the St Ives appointment being financed by a grant from the
Circuit and funds raised by the local church, and the St Neots appointment being financed by a grant from the
East Anglia District, the use of designated Circuit funds and funds raised by the local church. In both cases,
funds raised by local churches to finance the outreach ministry appointments are held within the Circuit's
restricted funds and any unused funds will be returned to those churches at the end of the project.
Both appolntments are reporting gr0￿h in the development of mlnistry among young people and their families,
wlth the pald workers being supported by teams of volunteers.
Page 6

ST NEOTS AND HUNTINGDON CIRCUIT
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Financial review
a. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
b. Rasarve8 poIIcy
An annual budget is prepared by the Circuit Treasurer and reviewed by treasurers from each of the churches
within the Circuit, before being presented to the Circuit Meeting. The budget provides for ministerial and
administrative support costs, contributions to District expenses and an allowance for the maintenance of the
circuit's manses.
Details of all Circuit reserves are set out in note 12 to the financial statements but the key reserves are:
1. General fund the Circuit aims to hold an average of six months operating expenditure in general reserves,
currently expected to be a minimum of £100,000. In 2023124, £87,777 was transferred to the general fund
from the Circuit Model Trust Fund, £40,000 being the contribution agreed for 2023124 and the balance being
an advance to support ministry in forthcoming years. Similar transfers are expected to be made annually for
the nexy 3 years in order to provide the necessary ca5hflow to support the current levels of activity.
2. Ministry and training fund a separate fund wa5 created several years ago when the costs of stipends and
lay employment were lower than planned due to unforeseen staffing changes. Surplus funds were
transferred into a Ministry and training fund, and used to offset the rise in costs when new staff V￿re
appointed. The fund was fully utilised in 2023124.
3. Project fund - In prevlous years, income from the letting of the Ramsey manse was set aslde In a Projects
fund to enable the Circuit to grant support to local churches. In 2023124, lettlngs income has been used by
the Circuit to support its own ministry costs but the balance of funds held by Great Barford and Tempsford
churches has been added to the Projects fund to increase the Circuit's capacity to support other churches.
Other designated funds are maintained for the value of manses held a8 fixed assets and to facilitate operational
costs. such as manse repairs and maintenance. removal costs and the benevolent fund.
c. Principal rlsks and uncertaintles
The principal financial risk faced by the Circuit is uncertainty over future levels of funding. The Circuit has chosen
to invest the capital receipts from the sale of Great Barford and Tempsford chapels into maintaining current
staffing levels to support mission and outreach activities. The Circuit is seeking to reach out to new people and
communities to increase the number of members, but there is an inherent uncertainty about the long-term future
of the churches within the Circuit and, consequently. the Circuit itself.
The Circuit's insurance policy includes buildings insurance for the four Circuit manses, contents insurance for
manse property belonging to the Circuit. trustee indemnity insurance and public liability insurance.
Page 7

ST NEOTS AND HUNTINGDON CIRCUIT
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Statement of Trustee5' responslbllltles
The Trustees are responsible for preparing the Trustees. Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financia1 year which give a true and fair view of the state of affairs of the charity and of its incoming
resources and application of resources. including its income and expenditure, for that period. In preparing these
financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements,.
prepare the financial statements on the going concern basis unless it Is Inappropr18te to presume th8t the
charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charity's transactions and disclose with reasonable accuracy at any time the financia1 position of the charity
and enable them to ensure that the financi81 statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
Rev J J Bamber
Superintendent minister
Date: 12 March 2025
Mlss E A Cracknell FCCA
Circuit treasurer
Page 8

ST NEOTS AND HUNTINGDON CIRCUIT
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Independent Examinerfs Report to the Trustees of St Neots and Huntingdon Circuit ('th•
charity,)
We report to the charity Trustees on our examination of the accounts of the charity for the year ended 31 August
2024.
Responsibllltles and Basis of Report
As the Trustees of the charity you are responsible for the preparation of the accounts in 8ccordance with the
requirements of the Charities Act 2011 ('the 2011 Act')-
We report in respect of our examination of the charitys accounts carried out under section 145 of the 2011 Act
and in carrying out our examination we have followed the applicable Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act.
Independent Examlner's Statement
Since the charitls gross income exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a
member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact th8t the charity ha5 prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in
preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance
with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January
2015.
We have completed our examination. We confirm that no matters have come to our attention in connection with
the examination giving us cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records. or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter considered as part of an independent
examination.
We 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.
This report is made solely to the charitls Trustees. as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. Our work has been undertaken so that we might state to the charitrfs
Trustees those matters we are required to state to them in an Independent Examiner's Report and for no other
purpose. To the fullest extent permitted by law, we do not a￿pt or assume responsibility to anyone other Ihan
the charity and the charity's Trustees as a body, for our work or for this report.
Signed..
Dated:
2E/¥/*
Carolyn Rossiter
Moor•
Chartered Accountants, Rutland House. Minerva Business Park. Lynchwood. Peterborough, PE2 6PZ
FCA
Page 9

ST NEOTS AND HUNTINGDON CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestrlcted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
223,018
173,232
11,700
17,217
35,582
258,600
173,232
11,700
17,217
28.462
196,155
11,175
7,632
Total Incoma
425,167
35,582
460,749
243.424
Expendituro on:
Charitable activities
228,152
41,438
269,590
253, 855
Total •xpendlture
228,152
41,438
269,590
253, 855
Net incomel(expendlture) before net
gainsl(1083o8) on Investments
Net gainsl(losses) on investments
197,015
535
(5,856)
191,159
535
(10.431)
(306)
Net incomel(expendlture)
Transfers between funds
197.550
(13,329)
{5,856)
13,329
191,694
(10,737)
13
Not movement in funds
184,221
7,473
191,694
(10,737)
Roconclllatlon of funds:
Total funds brought forward
Net movement in funds
1,226,505
184,221
18,347
7.473
1,244,852
191,694
1,255, 589
(10.737)
Total funds carried forward
1,410,726
25,820
1,436,546
1.244,852
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 26 form part of these financial statements.
Page 10

ST NEOTS AND HUNTINGDON CIRCUIT
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Flxed assets
Tangible assets
Current asset8
10
999,500
999,500
Debtors
Cash at bank and in hand
29,892
452,465
16,169
272,976
482,357
289, 145
Creditors: amounts falling due within one
year
12
(45,311)
(43, 793)
Net current a88et8
437,046
245,352
Total assets less current liabilities
1,436,546
1,244,852
Total net assets
1,436,546
1,244,852
Charlty fund8
Restricted funds
Unrestricted funds
13
25,820
1,410,726
18,347
1,226,505
13
Total funds
1,436,546
1,244,852
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Rev J J Bamber
Superintendent minister
Date: 12 March 2025
Miss E A Cracknell FCCA
Circuit treasurer
The notes on pages 12 to 26 form part of these financial statements.
Page11

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
General information
St Neots and Huntlngdon Methodist Church Circuit is a charity registered in England and Wales (charity
number 1132338)- The Circuit office is based at Huntingdon Methodist Church, 17 High Street,
Huntingdon, Cambs PE29 3TE.
Accounting policles
2.1 Basls of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 2015), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011,
St Neots and Huntingdon Circuit meets the definitlon of a public benefit entity under FRS 102.
Assets and liabilities are initially recognlsed at hlstorlcal cost or transaction value unless otherwise
stated in the relevant accounting policy.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for partlcular
purposes. The aim and use of each designated fund is set out in the noles to the flnanclal
statements.
Restricted funds are funds which are to be used in accordance with specific restrlctlons Imposed by
donors or which have been raised by the charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income
will be received and the amount of income receivable can be measured reliably.
2.4 Expendlture
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party. it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
charitls objectives, as well as any associated support costs.
Page 12

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.4 Expenditure (continued)
Grants are recognised in full once there is a legal or constructive obligation to transfer economic
benefits to a third party. Grants offered subject to conditions which have not been met at the year end
are noted as a commitment, but not accrued as expenditure.
2.5 Intorest rec•ivablo
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity. this is normally upon notification of the interest paid or payable by the instilulion
wilh whom the funds are deposited.
2.6 Tangible fixed assets and depreclatlon
Tangible fixed assets are initially recognised at cost. net of any provislon for impairment.
The charitls only assets are the four manses which are included at historic cost and held by the
Trustees for Methodist Church Purposes (TMCP) as custodian trustees for the Circuit.
No depreciation is provided on the buildings because the trustees consider the residual value of the
manses to be not less than cost. The manses are regularly inspected and there are no indications of
impairment.
2.7 Investments
The investments of the Circuit are held by the Trustees for Methodist Church Purposes (TMCP) as
custodian trustees, but represent short term cash deposits and are, therefore, included as cash at
bank. The valuations, at market value, are those provided by TMCP. The unrealised gains arising on
investments at the end of the year are shown in the Statement of Flnancial Actlvlties.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Llabllities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event. it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Page13

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
2.11 Penslons
The charity contributes to the Methodist Ministers, Pension Scheme, a defined benefit scheme for the
benefit of presbyters stationed within the Circuit. It is not possible, in the normal course of events, to
identify on a consistent and reasonable basis, the share of underlying assets and liabilities belonging
to the St Neots and Huntingdon Circuit. As a consequence, the charity accounts for this scheme as rf
it was a defined contribution scheme and the amount charged to the Statement of Financial Activities
represents contributions payable to the scheme in respect of the accounting period.
The charity also operates a defined contribution pension scheme for the benefit of lay employees
which is administered by the TPT Retirement Solutions (formerly known as The Pensions Trust).
Contributions payable in respect of the accounting period are charged to the Statement of Financial
Activities,
Income from donations and legacies
Unrestrlcted Restricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Donations
Berkley Street Methodist Church
St Ives Methodist Church
Great Barford church funds
Tempsford church funds
Capital receipts
Sale of Great Barford chapel
Sale of Ternpsford chapel
Grants
6,000
1,750
6,000
1,750
16,911
4,655
16,911
4,655
67,950
132,757
67.950
132,757
East Anglia Dlstrict (St Neots)
Benefact Trust (Huntingdonl Sawtry)
Other donatlon8
3,824
9,300
3,824
9,300
2.000
World Mission Fund
Connexional Funds
General donations
3.078
11.630
3,078
11,630
745
3,060
11,804
11,598
745
223.018
35,582
258,600
28,462
Tot812023
11.598
16.864
28.462
Page 14

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Tot81
funds
2023
Assessment
173,232
173,232
196,155
Total 2023
196, 155
196, 155
Incom• from other trading activitle8
Income from fundraising events
Unrestrlcted
fund3
2024
Total
fund8
2024
Tot81
funds
2023
Lettings income
11,700
11,700
11.175
Total 2023
11,175
11,175
Investment Incoma
Unrestrlcted
funds
2024
Total
funds
2024
Total
fvnds
2023
Interest received
17,217
17,217
7,632
Total 2023
7,632
7,632
Page 15

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analy818 of expenditure by activities
The Circuit is considered to have one activity but expenditure has been grouped under four headings, to
separate expenditure according to income streams. Circuit Ministry is funded by the assessment,
Outreach Ministry by local churches and District grants, CMTF Grants from reserves and Connexional
Funds from specific donations which are administered centrally by Circuit officers.
Activiti•s
undertaken
dlrectly
2024
Total
funds
2024
Total
funds
2023
Circuit Ministry
Outreach Ministry
CMTF Grants
Connexional Funds
222,220
26,682
6.000
14,688
222,220
26,682
6,000
14,688
215. 187
23,801
14,867
269,590
269,590
253,855
Details of the actual costs incurred are shown in the following note..
Page 16

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by actlvltles (contlnued)
Analysis of dlrect costs
Circuit
Ministry
2024
Outreach
Minlstry
2024
Connexlon-
al Funds
2024
Total
funds
2024
Tot81
funds
2023
CMTF
2024
Staff costs
District
Assessment
141.375
26,682
168,057
156,124
42,935
42,935
41,918
Methodist Church
Fund
Telephone
Travel
Utilities
Maintenance of
manses
14,688
14,688
7,724
6,335
13,989
14,867
8,609
5,535
12,233
7,724
6,335
13,989
4,977
4,977
6,000
6,209
3,544
Grants
Conlribulions to
Dislricl Advance
Fund
Miscellaneous
expenses
Apprenticeship
levy
Bank Charges
6,000
1,410
1,410
1,604
2,611
2,611
2,379
667
197
667
197
626
209
222,220
26,682
6.000
14,688
269,590
253.855
Total 2023
215.187
23.801
14.867
253.855
The £6,000 CMTF grant was to Sawtry Methodist Church. for the latest stage of their building and
development project.
Independent examiner's remuneration
No fees have been charged by Moore for the independent examination of the accounts.
Page 17

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Staff costs
2024
2023
Wages and salaries
Social security costs
Pension contributions
132,854
10,306
24,897
124, 149
9,307
22.668
168,057
156,124
The average number of persons employed by the charty during the year was as follows:
2024
No.
2023
No.
Presbyiers
Outreach workers
Administrative staff
The average headcount expressed as full-time equivalents was..
2024
No.
2023
No.
Presbyters
Outreach workers
No employee received remuneration amounting to more than £80,000 in either year.
Circuit Stewards and other trustees are all voluntary positions, but reimbursement of mileage and other
expenses incurred on behalf of the charty may be claimed from the Circuit.
As presbyters are members of Circuit Meeting, they are also trustees of the charity. Presbyters receive a
stipend and the benefit of work-related accommodation through the provision of a manse, in respect of
their work for the Methodist Church. No remuneration is paid in respect of their position as trustees of the
charity.
Remuneration paid to key management personnel (including pension contributions) during the year
amounted to £122,779 (2023 £113,385) paid to 3 full time presbyters.
Page 18

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10.
Tangibla fixed assets
Freehold
property
Cost or valuation
At 1 September 2023
999,500
At 31 August 2024
999,500
Net book value
At 31 August 2024
999,500
At 31 August 2023
999,500
11. Debtors
2024
2023
Due wlthln ono year
Prepayments and accrued income
29,892
16,189
12. Credltors: Amounts falllng due wlthin one yoar
2024
2023
Accrual3 and deferred income
45.311
43. 793
Deferred income represents Circuit assessment contributions received in advance totalling £42,642 (2023
£40,080).
Page 19

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds
Statement of funds - current year
Balance at 1
September
2023
Balance at
Gainsl 31 August
(Losses)
2024
Transfers
Inlout
Income Expondlture
Unrestricted
funds
Désignated:
Manses
Manse repairs
Removals
Outreach -
Berkley St
Outreach -
St Ives
Benevolent
Ministry
Projects
999,500
3,345
8,400
999,500
10,368
9,800
{4,977)
12,000
1,400
21,201
(6,490)
14,711
9,133
958
7,649
14,068
161
9,294
848
(110)
(7,649)
21,566
35,634
1,064,254
(5,087)
20,988
1,080,155
General:
General
CMTF
111,620
50,631
200,209
224,958
(215,655)
(7.410
60,460
(94,777)
156,634
173,937
535
162,251
425,167
(223.065
(34,317)
535
330,571
Total
Unrestrlcted
funds
1,226,505
425,167
(228.152)
(13,329)
535
1,410,726
Page 20

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds (continued)
Balanco at 1
September
2023
Balance at
Gainsl 31 August
{Lo8ses)
2024
Transfers
inlout
Income Expendlture
Restrlcted
funds
WMF
Connexional
funds
St Ives - Church
3.078
(3.078)
87
11,630
1,750
{11,678)
(13.679)
39
7,474
6,839
2,384
Berkley Street-
District
Berkley Street -
Church
Huntlngdonl
Sawtry-
Benefact Trust
2,000
3,824
{3,824)
2,000
8,786
6,000
(13,003)
10,314
12,097
9,300
9,300
18,347
35,582
(41,438)
13,329
25,820
Total of funds
1,244,852
460,749
(269,590)
535
1,436.546
Page 21

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds (continued)
Statement of funds - prlor year
B818nc8 at
I September
2022
Balance at
31 August
2023
Transf8rs
in/out
G8ins/
(Losses)
Income Expenditure
Unrestrlcted
Deslgnat•d:
Manses
Manse repairs
Removals
Outreach -
Berkley St
Outreach -
St Ives
Benevolent
Ministry
Projects
999, 500
(1,996)
7,000
999,500
3,345
8,400
(6.209)
11,550
1,400
27,946
(6, 745)
21,201
9,133
9,133
958
7,649
14,068
1,065
14,437
14,068
(107)
(6, 788)
1, 062, 020
(6,316)
8.550
1,064.254
Genoral:
General
CMTF
100,299
64, 142
224,567
1,993
(207,073)
(1, 798)
(6, 173)
(13,400)
111,620
50,631
(306)
164,441
226,560
(208.87q)
(19,573)
(306)
162,251
Total
Unrestricted
funds
1,226,461
226,560
(215.187)
(11,023)
(306)
1,226,505
Page 22

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. SLitement of funds (continued)
BalanGe at
q September
2022
Balance at
31 August
2023
Transfers
in/out
Gains/
(Losses)
Income Expenditure
Restricted:
WMF
Connexional
funds
St Ives- Church
Berkley Street -
District
Berkley Street -
Church
3,060
(3,060)
79
11.804
(11.807)
(12,261)
11
87
15,468
4,267
7,474
2,000
2,000
{2,000)
2,000
11,581
(11,540)
8,745
8, 786
29,128
16,864
(38.668)
11.023
18,347
Total of fund8
1,255,589
243,424
(253,855)
(306) 1,244,852
Page 23

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds (continued)
Unrestrlcted - Designated Fund8".
Manse Fund - the manse fund represents the value of the Circuit's four manses. held by the Trustees for
Methodist Church Purposes (TMCP) as custodian trustees.
Manse repair Fund the manse repalr reserve ensures that funds are available for repairs and
maintenance, when the need arises, funded by transfers from general funds.
Removal Fund the removal reserve ensures that funds are available for the Circuit to pay removal
expenses and the relocation allowance for ministers joining the Circuit staff, funded by an annual transfer
from general funds.
Outreach Ministry - the Circuit transferred funds from the Circuit Model Trust Fund (CMTF) to support the
cost of outreach workers in the Circuit. These funds have been used to support the children and families
worker appointed to Berkley Street Methodist Church in St Neots and St Ives Methodist Church.
Benevolent Fund the benevolent fund is avallable for use at the discretion of presbylers and Clrcult
Stewards to help anyone in need across the Circuit.
Ministry and Training Fund
surplus funds arising from the difference between planned and actual
expenditure on stipends and lay employment were transferred to the ministry and training fund in
previous years and released to pay for lay and ordained staff costs. The funds were fully utilised in
2023124.
Projects Fund net income generated by letting of the Circuit's spare manse has been credited to the
projects fund in previous years, to enable the Circuit to show its support for local church building and
other projects as the balance committed from the CMTF became depleted. In 2023124, lettings income
has been used to support the Circuit's activities but the balance of funds held by Great Barford and
Tempsford churches has been added to the fund.
Unrestrlcted . Ganeral Funds:
General Fund fund5 held in the general reserve are free resep4es available to the St Neots and
Huntingdon Circuit that have not been designated for any specific purpose.
Circuit Model Trust Fund (CMTF) - the CMTF contains proceed5 from the sale of properties belonging to
the Methodist Church in the St Neots and Huntingdon Circuit and is only available to support projects
undertaken within the Circuit. Applications for CMTF grants are made to the Circuit Leadership Team so
that the level of funding can be assessed before a decision is made by the Circuit Meeting. Current
commitments from the CMTF are shown in note 15.
Restrictod Fund3:
Connexional Funds and World Mission Fund (WMF) - the Circuit collates and forwards contributions from
local churches to Connexional Funds and the World Mission Fund. Annual statements are prepared for
the Circuit Meeting detailing the contributions made by individual churches and the totals passed on to
the appropriate organisations.
St Ives - the Circuit is the employing boL1y for the children and families outreach worker in St Ives. The
church contributed a further £1,750 towards employment costs and received a contribution of £6,839
from Circuit funds. Total salary cost of £13,679 have been charged to the restricted fund.
Page 24

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Statement of funds (contlnued)
Berkley Street, St Neots the CircuFt is the employing body for the children and families outreach worker
at Berkley Street church in St Neots. The church contributed a further £6,000 towards employment costs,
and receuved £3,824 of district funding a contribution of £6,490 from Circuit funds. Total salary cost of
£13.003 have been charged to the restricted fund.
Huntingdonlsawtry - The Circuit received a grant fo £9,300 from the Benefact Twst as a contribution
towards the proposed costs of employing a pioneer outreach worker at the Huntingdon and Sawtry
churches. Since the year end, the Circuit and the East Anglia District have committed additional funds to
the project enabling the recruitment process to commence in 2024125.
14. Analysis of net assets between funds
Analysis of net assets botweon funds - current period
Unrestrlcted Re8trict•d
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assels
Creditors due within one year
999,500
456,537
(45,311)
999.500
482,357
(45,311)
25,820
Total
1,410,726
25,820
1,436,546
Analysls of net assets betwe•n funds - prlor perlod
un￿StrICted
funds
2023
Reslricted
fvnds
2023
Total
fijnds
2023
Tangible fixed assets
Current assets
Creditors due within one year
999.500
270. 798
(43, 793)
999,500
289, 145
(43. 793)
18.347
Total
1,226,5Q5
18,347
1.244.852
Page 25

ST NEOTS AND HUNTINGDON CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15.
Grant commitm•nts
At the reporting date, the Circuit had the following commitments from CMTF..
Buckden Methodist Church £5,000 (agreed September 2023) towards the costs of installing glass doors
Ramsey Methodist Church - £5,000 (2023 £5,000) for their building project
sa￿(ry Methodist Church - £12.400 (2023 £18,400) for their building project
Circuit Outreach ministry projects - £7,126 (£7,000 having been drawn in the year for the St Ives outreach
vmrker costs in 2025)
Circuit core costs £112,223 (£200,000 was agreed to be used for the Circuit's core employment costs
over a 5 year period, of which £87,777 wa8 Withdrawn as the contributlon for 2023124 and 2024125).
16. Related party transactlon8
During the year the charity continued to employ close family members of two trustees..
Mrs E Witham, wife of Rev N Witham, one of the Circuit presbyters and a charity trustee, was
employed as the Children and Families worker in St Ives Methodist Church. In the year ended 31
August 2024 the total remuneration (including employer pension and national insurance
contributions) paid to Mrs E Witham was £13,679 (2023 £12.261).
Miss A Cracknell, sister to the Circuit Treasurer, was employed as the Children and Families worker
at Berkley Street Methodist Church in St Neots. In the year ended 31 August 2024 the total
remuneration (including employer pension and national insurance contributions) paid to Miss A
Cracknell was £13,003 (2023 £11,541).
Page 26