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2021-08-31-accounts

The Nidd Valley Methodist Circuit 29/26 Financial Statements for the year ending 31 August 2021 Charity Registration No: 1135028

Nidd Valley Methodist Circuit 29/26 Staffing 2020/2021 Ministers Rev Benjamin Clowes Rev Grace Cauldwell Rev Gordon Hay Rev Mose5 John Rev Lesley Taylor Circuit Superintendent Minister Lay Employees Mrs Juliana Caukwell Mrs Pippa French Mrs Clair Webster Circuit Stewards Mr Donald Rolls Mr5 Sheila Outhwaite MrTony Pearson Mr Edward Walton Mrs Sharon Wright Senior Circuit Steward Circuit Treasurer Mr Edward Walton Charity Registration No. 1135028

The Nidd Valley Methodist Circuit 29/26 General Notes to the accounts for the year ending 31 August 2021 l. Accounting Standard The financial statements have been prepared in accordance with the Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting standard (FRS) applicable in the UK and Republic of Ireland (FRS 102) (effective from 1 January 2015) - (Charities SORP (FRS 102)). 2. Public benefi't entity The Nidd Valley Methodist Circuit meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated. 3. Basis These accounts have been prepared on the basis of historical cost. The accruals basis has been used and Trustees present accounts that show a true and fair view of the Circuit's financial position and activities. 4. Content The financial information presented is relevant, reliable, comparable and complete. Where estimates are used they are based on experience, research and judgement. The accounts are expressed in £Sterling rounded to the nearest pound. 5. FS102 SORP2015 This is the fifth year that the FRS102 SORP 2015 has applied to the Circurf( Accounts. These accounts are compliant with FRS102 and FRSI 02 SORP 2015. The accounts have been prepared in accordance with applicable charity law in England this being the Charities Act 2011 and Sl 20081629 (Charities Accounting and Reporting Regulations} and, pending the making of replacement Regulations specific to SORP 2015 in accordance with Reg 8 (4){d) of Sl 20081629, the charity trustees have departed from the requirement of Reg. 8(5) by following SORP (FRS102) instead of SORP 2005 to the extent necessary to give a true and fair view in the circumstances. 6. Going concem Based on the monetary assets and human reSoU￿S available at 31 August 2021, the trustees believe that the Circuit is a going concern. 7. Consolidation The Circuit has denominational regulatory oversight of the work of the Churches within the Circuit but has no legal or operational control of those churches and their governing bodies except in extreme circumstances. For this reason, the financial statements of the Churches within the Circuit are not consolidated into these financial statements. Wesley Centre Harrogate is registered as a separate Charity and prepares its own accounts. Charity Registration No. 1135028

  1. Income recognition Individual amounts under 'Other Income, in the Statement of Financial Activities (SOFA) will be shown separately if they are considered material. The Circuit acts as agent in two matters. . The collection from Churches and the Wesley Centre and payment in respect of various Funds controlled and administered by The Methodist Church centrally. b. The administration on occasions (application, collection and disbursement) of grants requested by Churches within the Circuit from, but not limited to, the District and Connexion. In accordance with the Charities SORP (FRS 102) the time of volunteers is not recognised
  2. Expenditu This is recognised when a liability is incurred, or a constructive obligation arises- where the amount is reliably measurable and it is considered more likely than not that there will be an outflow of economic benefits.
  3. Grants Grants made to Churches within the Circuit and Wesley Centre are recorded in the accounts when paymenl is made. Any Grant agreed but not paid at the year end will be shown as a creditor.
  4. VAT The Circuit is not required to be VAT registered.
  5. Monetary Investments The Circuit's investments are in monetary assets classrfied as basic financial instruments under FRS102 and are held by the Trustees for Methodist Church Purposes (TMCP) as custodian trustees. The valuations, at market value, are those provided by TMCP at the 31 August each year. If applicable, the unrealised gains arising on investments at the end of the year are disclosed in the SOFA.
  6. Investment Propety From time to time the Circuit may hold residential property (formerly manses) which is surplus to its normal requirements. Where this is the case and it is anticipated that the property is unlikely to be used as a manse within a 2 year period, the property is classifi'ed as Investment Propety (whether let out or not) and any lets are at market rates. The Circuit are Managing Trustees of 3 COTnmercial properties. one of which at let out under an annual li￿n￿ , one is let out under a commercial lease at an agreed market rent and one is currently vacant.

  7. Methodist Connexional Funds The Methodist Church Connexion raises assessments against Districts. The Districts remit these assessments quarterly to The Methodist Church Fund. The Districts, in our case The Yorkshire North & East District, raise assessments against their Circuits to cover the Methodist Church Connexion assessment plus the costs of the DistricL This is remitted quarterly to the District. The majority of the costs of the District relates to the stipend of the District Chair, hislher expenses and the provision and maintenance of a Manse. Sometimes the Circuit may act as agent for ad hoc collections for various funds controlled and administered by The Methodist Church. Charity Registration No. 1135028

  8. Endowment Funds Where the Circuit holds money which may not be spent and must be retained as capital to generate an income, the money or assets to be retained are classified as an Endowment Fund. The capital is shown in the balance sheet in the column for endowment funds. The income may be restricted or unrestricted depending upon the terms of the endowment.

  9. Ministers, manse costs The Circuit is required to provide accommodation for each minister in the Circuit and their families and this is seen as a benefit to the Circuit. In view of Her Majesty's Revenue & Customs (HMRC) concessions the Ministers are expected to occupy the manse provided for them. The Circuit bears the cost of building repairs, maintenan￿, buildings insurance, TelephonelBroadband if in the name of the Circuit, Council Tax and Water rates. These figures do not need to be separately disclosed to HMRC as they are agreed by HMRC as benefits-in-kind.
  10. Assessment on Churches The Circuit comprises 14 churches and Wesley Centre and each is assessed to meet the majority of the overall net cost of running the Circuit. Income is received from investment income, property letting income and grants received from various sources. An Assessment is annually detennined by a meeting of the church treasurers which is presented to the Circuit Meeting for approval. At the present time it is usual for a contribution to be included from the Circuit Reserves. The fomiula is based on the weekly Sunday Church Services collections, the Sessional (room lets) income and, in some cases, the net income relating to leases. The Assessments are paid quarterly in advance and are treated as pre-payments on a re￿1vable basis. Some churches make grants to the Circuit with regard to the funding of special types of Mission.
  11. Staff - 202012021 During the year we paid 5 Ministers. 1 part-time Manager for the Wesley Centre, 1 part time Lay Pastor and a part-time Circuit Administrator. No employees received an income of more than £60,000. There is no accrual for holiday pay as the holiday year ends on 31 August. Stipends are increased from
  12. September each year on the percentage increase as approved for Ministers by The Methodist Conference which meets in July each year. Lay employees salaries are increased from 1, Aprtl each year by the percentage increase of the Real Living Wage. All are paid at or above the Living Wage figure q9. Pensions. The Circuit pays a contribution of 26.90/0 in respect of Ministers and 6Yo relating to Lay Employees.

  13. Sabbaticals. Each Minister is entitled to a 3 months sabbatical every 7 years and the expenses incurred are met by the Connexion with the Circuit continuing to pay the Stipend. During the year no Ministers had sabbaticals. Charity Registration No. 1135028

  14. Payments to Trustees. It is generally not our practice to reimburse voluntary trustees involved in the administration of Circuit affairs although claims for postage, stationery & mileage expenses can be made, the rate for tnileage claims being 45ppm with an extra 5ppm for passengers.

  15. Apprenticeship Le Although the Circuit is registered as a separate Charity, HMRC have classified The Methodist Church as a large employer in view of which the Apprenticeship levy applies to the Circuit from April 2017
  16. Glossary oftem7S CFB. Central Finance Board of the Methodist Church. Provides a Common Deposit Fund. Church. A group of members from fewer than 10 to more than 300. Circult. A group of Methodist Churches within an area- usualty between 10 and 30 Churches. Circuit Meeting. A meeting of The Managing Trustees of the Circuit. Usually persons appointed by their local Churches and others by virtue of a role they undertake for the Circuit andlor their local Churches. For example; The Ministers appointed to the Circuit and Circuit Stewards. CLT. Circuit Leadership Team. A group of Circuit Trustees responsible for the day to day running of the Circuit and dealing with policy formulation. Generally the CLT comprises the Ministers appointed to the Circuit, the Circuit Stewards and, sometimes. Lay Employees. CMTF Circuit Model Trust Funds. Generally speaking this is money relating to the sale of Methodist Property. Connexion. The Methodist Church in Great Britain which includes the Head Office at Methodist Church House in London, all Methodist Districts. Circuits and Churches. Connexional Funds. The Designated andlor Restricted Funds held and administered by the Connexion in furtheran￿ of its charitable and Mission objectives. Dlstrict. A group of Circuits usually within the same geographical area. DAF District Advance Fund. A levy fund from which grants are available. Lay Employees. People employed under a Contract of Employment TMCP Trustees for Methodist Church Purposes. Under an Act of Parliament the legal owner and Custodian Trustee of all Methodist Model Trust propety, include church buildings and let out properties, manses, Legacies. Endowments and Accumulated Funds. Charity Registration No. 1135028

Nidd iialbey M"ethodlst¢lrcuft 29126 5tstement of Nngncial A¢tl¥ltles ISOFAlfortheyearendl 31 August 2021 General Funds lunrestr]ttEdl CITcult Model Trv5LFpnd vnre5trided RÈStilcted Funrfs End0wm￿t Funds Totsl 20￿￿2021 Yotal 20x9-2010 Donatbng& Legacies Incorne flom monetarylnve&tments Iniomefrom Investment prop2rtie5 A5se55ment on thurches Galn OD 54le of prowrty Grants & CoThtrlbUtlons*￿￿ed Nl N2 5,212 14,4JO 322.269 902 6.117 6.598 26,078 374.i)5 N3 14,410 32126 207,867 9582 NS 207,867 N6 9￿82 9A20 YouthÈFafit rotallnrome 351,473 208.769 560.245 416.691 Expe￿di￿re Grants& Donatlon5 pakl Sllpends IS31ar￿5 Telephone &Travel InSU￿T￿ & Utllities A55odatÈd 5t3ffln8Costs 5up2Fnvm3rles PreathlngFees Youth Wttrk PropEfty MalTrtenan¢e-Man5e5 Qulnquennlal Reports rtentsd propertycosts ConnexlonalA5St&Model TrustL DlsirittAssevAmert& L B¥nkchar8es OFficeExpenses Otheroutgolngs Totolthtsiftableexpenses trlonce5 1825 2.825 222,160 6.2 19,623 1,487 L345 5,WO 210.137 9,936 18,553 7,211 4,275 40 io N8 221160 6.225 19.623 1.487 N9 lob NIO ioc Nll L345 Ioe 14.770 14,770 9.040 3.478 263,582 74￿52 45D 43,731 8.247 IY,798 447 li M12 its 11 Ilb Nia 3A78 12 N14 263,582 74￿52 413 77,368 13 14 3,141 1827 36Z.186 -10.713 3.141 27 5.985 5,944 417167 16 N15 17 263,617 -54T,848 624805 476 18 GalnsllL055esl on rewdluatP)noFpropertle5 GaIn￿(Lo￿5eSj on MDnetarylnvestments N16 5L251 3.068 54,339 -20,617 19 N17 21 Netkncome/EMpendl( .5>780 21 -Jl221 -4093 22 Trdnsferbetweenfunds PropErty5old-v31uation pÈrauounts rd¢tmovemth¢thfvnd5 23 LI>£":J5￿- .J

451N16 -S00,WO 500,OQK) 21 41.093 25 Totsi Fundsbrou8hiforward 26 TotalPoTndscorrfedAorymrd 2,821,(59B 2.391696 17,420 I,Q65 83 1860,675 2W9,583 821362 1839U3 tharftyRe*tiaTJon Nts. 1135028

Nidd Valley Methodist Clrcult 29126 Nalance Sheet as at 31August 2021 Note5 EenEral rcultmod TrustFund {uNestrictedl Restiltted Fund5 Endovffj￿nt Fur￿$ Total 314Uk21 31-kntr20 Unre5thcted xed A55ets arcullM4D5e5& Equlpfflent Investment Propertie5 InvertmÈnlswllh TMCP-shares T￿t￿rINe￿A5$ets N16 N16 17 1,384,445 701,078 242,879 IA28A02 1,38q,445 701,078 Z61787 1348,810 l3￿,445 1.101.07B 208,447 1791970 19,779 19.779 129 229 CutreTht Nssetg Debtors lftve5tmentswilh TMCP- InteTe51funds CÈntral FlnaB¢e Depos￿$ Cash at Bank N18 N17IN18 N17IN18 N18 15,557 14,7S5 63.622 713 164240 15,557 431,573 6a.622 71306 583,058 15.534 16,418 91124 ,132 415,861 TotolCuffentAssets 414861 957 Current LiubTlltles-dtse< iyear fredlt(Ys N18 103,Dt ID3.OLI5 93,595 101006 93.595 Et CutrentAsseE￿IIlbwrIeS 63.234 415.861 957 48613 Lon8Témi fsabmllles-due >iyeor Cfedltors rotolioAJTermLloblNtlet NetAssets Z839.583 Fundsofthe arcts Gen￿11 Fund Iunrestrrirtedl CircuitMvdelTrtsst Fund IUnre#rfttédl ReSt￿tte￿ Funds EndowmentFunds 1391,636 2,391.636 435,640 2,821.098 17A20 435.640 1,086 065 TotsiFunds 139 636 434640 l.t￿ 282436Z IW.583 CharltyR415traiion 1135028

Nidd Valley Methodlst Circuit 29126 SOFA Notes for the year ended 31 August 2021 2021 2020 Nl Donatlons & Legocies Donations Unrestricted 400 N2 Incomefrom Monethry Investments CF8&TMCP Unrestrlcted rcuit model Trust R￿rirted Endowment 5,212 902 6,249 341 Totol 6,117 6.598 N3 Incomefrom Investment Property Letting 56 Park Gate. Kna￿$bOroUgh Letting Car Park. Tockwith, York LettlnE 7 Park Road. Harro8ate 12,690 1.720 12.480 1,658 11,940 Tottsl 14.410 26,078 N4 Assessment on Chur¢hes Church Bilton area Gracious street Hampsthwaite Harlow HTrll Kearby 35,248 67,988 9,400 10,328 3,184 8,020 4.237 38,020 12,194 2,406 32,900 29.912 36,341 90,710 9.694 10,650 2,464 8,269 4,335 39,196 16,897 3,311 33.918 30,838 17,018 20,740 49,814 Klrk Hammerton Pannal Park Grove Scotton StarbÈck Trlnitv Wesley Centre Wesley Chapel Woodlands 20,116 48.316 To￿1 322,269 374.195 N5 6oln on5ale¢Aproperty Property sold Valualion per accounts Sale costs- Legal & Professional Park Road (see N14J 720,OOD -500,000 -12.133 rotol 207,867 N6 Gmnts & Contributlons recelved Contributions Gracious St. MC Starbeck MC 4,350 5,232 4,2Th) 5,220 Totr31 9,582 9,420 Charity ReElsirat4on No. 1135028

Nidd Valley Methodist Circuit 29/26 SOFA Notes for the year ended 31 August 2021 2021 2020 N7 Grants & Donation5 pald Paid Circuit Member Circuit Member yearl course fees & c05ts - year2 1 I course fees & costs 825 2,000 2,000 reed not et Wesley Centre Woodlands aid external signage - new AV system 1,000 2.000 Total 2,825 5,000 N8 Stlpend5/Solories Gr055 Stipends/Salaries Employers National Insurance contributions Employers Pension contributions 171,520 36,204 14,436 162,619 34,356 13,162 Totol Staff costs 222,160 210,137 Average number of Staff employed during year N9 Telephone & Travel Telephone costs Travel 3.918 2.307 4,639 5.297 Totol 6,225 NIO Insurance & Utllitles Council tax Insurance Water Rates 12,437 4,100 3,086 12,017 4,196 2,340 Total 19.623 18.553 Nll Assocltttedstaffing costs Children & Families items Fixtures. fitting5 & Equipment Gas Equipment Service- manses Removal costs Supervision Expenses & Training Training & Study course5 Worship Books/Materials 430 166 731 480 1,249 297 3,510 944 891 Totol 1,487 7.211 Charlty Registration No. 1135028

Nidd Valley Methodist Circuit 29126 SOFA Notes for the year ended 31 August 2021 2021 2020 N12 Mun5es Manse Maintenance Project- Emerald Close manse 14,770 33,394 10,337 Total 14,770 43,731 N13 Rentedpropemi C05t5 56 Park Gate, Knare5boYough 7 Park Road, Harrogate 2,442 1,036 2,684 17,114 Totol 3,478 19,798 N14 ConnexlonolAsst & Model Trust Levy District levy on CMT fund Connexional Levy on sale of Park Road 435 263.147 (see N5) Total 263,582 447 N15 Otheroutgoings Apprentlceship Levy Bank fees Circuit Stewards expenses Hospitality / catering Independent Examiner's Fee Payroll Charges Relocation Grant {Tax Free} Staff Leaving Gifts Stationing Appointment Expenses Tockwith Graveyard Maintenance Misc items under£lOO Land Registry costs Sale of property- Costs 864 79 222 156 1,080 480 823 247 145 1.080 480 600 loo loo 225 187 1.234 -1.800 450 210 1,800 Totul 2,827 5,944 Charity Registration No. 1135028

Nidd Valley Methodist Clrcuit 29126 N16 Summary of Clrcult Property as at 31 Au8USt 2021 PmpÈ LaDd Reg ref. NYK314412 NYK222213 Notes 2019120 Sold Revaluatlon 2020121 MJnse Let In¥e5tmeMt Ernerald Close Leadhall Lane Tennyson Avenue Woodlands Drave York Road 407,050 250,000 275,000 215.000 237.395 407,050 250,000 275,000 215,000 237.395 407,050 250.000 275,ofM) 215.0 237,395 NYK166112 NYX370a35 ParkGate Park Road NYK368517 211,078 500.000 211.078 211,078 -soo.000 Wesle House 32134 Cheltenham Parade 100.000 390,000 100,ODD 390,000 loo.000 390,OUO 6mveyurds Kirb Oveiblow Totkwlth K369154 NYK370352 Sub rotsis 211.Q78 4￿,000 TvtotsZ021 2.585.523 -500,txx) 2.085.523 1,384,445 701.078 rotats2020 2.585.523 L384,445 0 1.201,078 Notes Vaknedat ¢0St prltslrJAtsgu5t 2(A17 Awaiting 3 ￿llUtt10Th Sold Detember2020 Based on valuation by F5S of HarroBateJuly2018 Sed onthesum Insured in 2013 Based on valuatlon byFSS of HbrrtTrgatein 2012 Graveyardshave ￿0 marketvèlue WoDdlands Drl¥e & 32134Chelteaham Parade ?recurrentfyTwithihe Land Rwstryforregi5trallon. TbeCir£utt Is the Mana8lngTrustee forwesley House. 32 Cheltenham Parade and34Cheltenham Parade, Harro8ate. It%Yés agreed byllecircuit Meetlne thatthe nei rentsforthese properbeswoukl bec01￿¢te￿ bywesley C￿tre Harro8are ard be partoftheiracwunts. We51eyCeAtre Is responslbletothe Nlddvalley Methodi5tfjrcuitbut15 re8L5tered •545eparatecharty number 1168825 Note regardln8 revaluatlov tsf property The Covld 19 pandemic has￿V$ed dI5￿ptIOn*0 the Circuliln termsof atKI frnarlces. Thls has resulted in no rwaluatlons taklngplacethls year. All propertysèle5aresubjedtoa levybylMCP bÈlng 20% onflrst£lUO.(XDthertsfter40% Char￿¥ Reg4Stratlon No. 1135028

Nidd Valley Methodist Circuit 29126 N17 Summary of Investments as at 31 August 2021 2021 2020 Chonge In Investment values Carrying (Market) value at beginning of year Add additions in investments at C05t Less disposals at carrying value Net Gain/lL0551 on revaluatson rounding 208.447 229,737 -673 -20,617 54.339 Carrying (Market) value at end ofyear 262,787 208,447 Anufysls of Investment movements Investments listed on a recognised Stock Exchange Investments held in common investment fund5 262.787 431.573 208.447 16,418 Total 694,360 224,865 Anulysls oJlndlvlduolAunds Unrestrictedfvnds Investments with TMCP- shares Investments wlth TMCP- interest funds General Funds Circult model Trust ReseNe5 & projects Reserve5 & project5 Running expense5 Project funding 242.879 14,755 48,479 435,640 741.753 191,627 14,753 29,195 17.420 252,995 Re5trlctedFunds Endowment Funds 1.086 1.065 Endowment Fufftls Fund Howlnvested Cuffent volue Annuullncome Usedfor Bootland & Dunwell 686 Trustees Interest Fund Mrs M Gill 5990 CFB Managed MiKed & Trustees Interest Fund 957 129 Account retalned General Circuit Totals 1,086 Investments The Funds that stjpport the Clrtttit Model Trust F￿nd and ourfunds other than our CAF & NatWe5t bank account5 and CFB Deposlt Fund a￿ held byTMCP InTrustees InTrrèrt Fundson whlch Interest Is credlted to the accounts each month. They are regarded as medlum and longteim Investments. TMCP isthe legal owner and Custodlan Trustee of all Method¥st Model Trust Property including legacTes, Endowments and Accumulated Funds. Trust property Is held for and on beh311 of local Managin8Tru5tees who are responsible forthe day to day managemeRI ofTrust property. TMCP ensure that. through PTovIdln88￿ldanCp and actlnE undÈrtheirdire¢tN)n, the Managlng Ttustee5 complywlth charity law Methodist law and polity dEterffllned by Methodlst confe￿nce. Charlty Re8lstratlon No. 1135028

Nidd Valley Methodist Circuit 29126 N18 Current Assets & liabilities 31 August 2021 2021 2020 Debtors Prepaid Stipends Other prepayments 14,876 681 14,825 709 Total 15.557 15,534 Cash & Bank Balance at TMCP Balance at CFB Balance at CAF Bank Balance at Natwest 431,573 63,622 72,247 59 16,418 92,124 1,000 14.132 567,501 123,674 Creditors < l year Prepaid Assessments Independent Examiner Grants payable Other creditors 73,513 1,080 76.841 1,080 3,000 12,674 28,413 103.006 93,595 Capital Commitments and Contingent Liabilities Voluntary contribution to the Methodist Church Defined Benefit Pension Schemes (payable before 30 November 20211 59,000 Pledge to the Killinghall Methodist Church Building Project- expected payment in 2nd/3rd quarter of2022 so,000 Charity Registration No. 1135028

Declaration and Scrutiny I confirm that these accruals-based accounts for the year to 31 August 2021 have been prepared from the records of the Circuit and that they include all funds under the control of the Nidd Valley Methodist Circuit. Signature of the Circuit Treasurer Date: 10 11 I Name and address of the Circuit Treasurer. Edward Walton, 4 Stocthell Avenue, Knaresborough HG5 OLA Presentation to the Clrcuit Meeting I confimi that the annual report and accounts for the year end8d 31 August 2021 will be presented to the Spring 2022 Circuit Meeting. Signature of the Chair of the Circuit Meeting.. Name of the Chair of the Circuit Meeting: Rev Ben Clowes Date.. J,,11. Independent Examiner's Report to the Trustees of the Nldd Valley Methodl$t Circuit The Circuit's Trustees are responsible for ensuring that the annual report arKJ accounts for the year to 31 August 2021 present a true and fair view of thè Circuit's income and expenditure for the year and of its assets and liabilities at the balance sheet date. The trustees consider that an audit is not ne￿$Sary for this year under Section 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: examine the accounts under Section 145 of the Charities Act 2011 follow the procedures laid down in the general directions given by the Charity Commission under Section 145 (5)(b) of the Charities ACT 2011 state whether particular matters have comè to my attention. Basis of Independent Examln8r's Report My examination was carried out in accordance wilh the general directions given by the Charily Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the a￿OuntS with those records. It also includes consideration of any unusual items, in nature or scale, or disclosures in the accounts, seeking explanations from the trustees COn￿rning such matters. The procedures undertaken do not provide all the evideno that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a true and fair view. My report is limited to those matters set out in the ststement below. Charity Registration No. 1135028

In ￿￿[)11￿￿￿10>l with tiiy exa¥riii)alillri, no mBti¢r lias I,-Orn￿ lo my attanlitjn I Wliictri givps ￿1¥ reJsonablp Lausp. ID be.l(e.ve that In any material respeel the requirement8 lo keep a¢cLILiriliii9 records In acrordan(%) ￿*th Section 130 ot the Ch8ri1188 Arl 2011 to prepare 8ccour)l$ whi¢h arLord with the accounting Tecords and ¢omply with Ihe accountin9 reouiremeiils of the Charitie% Act 2011 have nrjl bee.n mel, or 2. lo which, in my opinion. atlerftion sliould bp. di?wn in order to enable a proper underslai)ding of Ihtr accounlg lo be reached. 3 1 have nol oblairied iiidependenl veiilicalion of all inveslmtnls wllh the Trvstee8 foi. Melhodisl Church Purposes or held in otlier IrusLs, bank balance5 and funds al Ihe Cenlfal Finaiice Board of the Melliudisl C,hurch which are individually in excess of L10.000 (ten thousand pounds> al Ihe balance sheel dale Signature of the Independent Examiner.. Name O'F the independent examiner. R A 08viII 018ulmeY & Co Relevant professional quallfiLation of tlie indeperKlenl examiner. F.C.C.A Address.. 2 Mounl Parade. Harrogate HG1 IBX Dale.. rharily ReglstratlOD No. 1135028

RESERVES POLICY Report on behalf of Nidd Valle Methodisl Circuil 29126 (°Church Councill Circuit MeetinglDistrlct) To District Treasurer ('Circuit MeetinglDistrict) We submit our annual report in accordance with the requirements of the Melhodisl Conference and the lili) We have agreed a Reserves Policy whrch is Charity Commission guidance in CC19. set out overleaf and is recorded in the IfUStees' minutes and our Annual Report {11 The trustees have established their mission aims taking into account all of the resources Iw) We recognise the need lo bè accountable as available in lerms of people. propety and charity IrLtstees for all the money which comes money into our hands and will provide further informalron as required by the CircuiVDistricVConnexron (vl Our Report 18 attached overleaf {ii) Mission initiativeslprojecls have been costed or estimates made of projected future costs which take into ￿Count the needs of the buildings and the requirements of the Quinquennial Inspection Reportls . please delete as appropriate To be completed by Receiving Body The 'Circuit MeetinglDistrict re￿iVed th& RESERVES POLICY of "Church Councillcircuit MeetinglDistrFct Policy accepted and acknowledgement sent to the trustees YESEIINO Policy noted and the following enquiries made of the trustees Responses received and any further action taken 'ClrculUDlstrlct SlgTratures Please delete as 8 ale Date............

RESERVES POLICY of Nidd Valle Methodist Circuit 29126 {"Church CouncilOIClrcuit Meeting IDistric General Funds held at YIE 3110812021 £741753 Restricted Funds held Endowment Funds held £1,086 Reserves pollcy for General Funds £OOO's ReseDies 742 Additional pastorlpioneer ministerl deacon -350 (2 at cost of £175k) Additional Pension contribution (15% £742k) -111 ( £59k to be paid & £52k potential levy) Killinghail building project 50 Forecast deficit for 21122 Net Rese]ves 30 {assessment shortfall+work on manses from 20121) 201 6 months ex nditure 5. Pollc for Restricted Funds nla 200 Ternis relating to Endowmenl Funds held None.. Interest from the endowment funds is available for General Circuit purposes Thls Reserves Policy will b8 presented to the Nldd Valley Methodist Circult March 2022 Circuit Meeting ("Church Council Circuit Meeting District Treasurer Trustee Full name Edward Walton Full Name Signature Signature