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

8. 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
9. 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.
10. 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.
11. VAT
The Circuit is not required to be VAT registered.
12. 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.
13. 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.
14. 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

15. 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.
16. 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.
17. 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.
18. 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
1. 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.
20. 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

21. 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.
22. 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
23. 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