The Nidd Valley Methodist
Circuit 29/26
Financial Statements
for the year ending
31 August 2024
Charity Registration No: 1135028

Nidd Valley Methodist Circuit 29126
Staffing
2023-2024
Ministers
Rev Benjamin Clowes
Rev Gordon Hay
Rev Mose5 John
Circuit Superintendent Minister
Rev Lesley Taylor
Deacon
Mr Gary Hoare
started 01109/2023
Lay Employees
Mrs Clair Webster
Mrs Katy Morley
Mr Nlck Garrett
started 22IOV2024
Clrcuit Stewards
Mrs Sharon Wright
Mrs Sheila Outhwaite
Mr Tony Pearson
Mr Graham Taylor
Mr Edward Walton
Senior Circuit Steward
appolnted from 0110912023
Clrcuit Treasurer
Names and addresses of advisers
Bank
CAF Bank Ilmited
25 Klng5 Hill Avenue
Kings Hill
West Malling
Kent
ME19 4JQ
Investment Manager
& custodian trustees
Trustees for Methodist Church Purposes
Central Buildings
Oldham Street
Manchester
Ml IJQ
Investment Manager
CCLA Fund ManageTS Limited
PO Box 12892
Dunmow
Essex
CM6 9DL
Independent Examiner
P Jackson FCCA
Jackson Whitwham Chartered Certified Accountants
Unit 9, The Innovation Centre
Conyngham Hall
Knaresborough
H65 9AY
Charity Registration No. 1135028

The Nidd Valleymethodist Circuit 29/26
General Notes to the accounts for the year ending 31 August 2024
l. Accounting Standard
The financial statements have b￿n prepared in accordan￿ 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 benefit 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 eigth year that the FRS102 SORP 2015 has applied to the Circuit
Accounts. These accounts are compliant with FRS102 and FRS102 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 concern
Based on the monetary assets and human resources available at 31 August 2024,
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.
a. The collection from Churches and the Wesley Centre and payrnent 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. Expenditure
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 payment 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 classified as basic financial
instruments under FRS102 and are held by the Trustees for Methodist Church
Purposes {TMCP) as custodian tiustees and CCLA Investment Management Limited.
The valuations, at market value, are those provided by TMCP and CCLA 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 propety (formerly manses) which
is surplus to its normal requirements. Where this is the case and it is anticipated that
the properly is unlikely to be used as a manse within a 2 year period, the property is
classified as Investment Propety (whether let out or not) and any lets are at market
rates.
The Circuit are Managing Trustees of 3 commercial properties, two of which are let
out under an annual licen￿ and one is let out under a commercial lease at an
agTeed market rent.
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 District.
This is remitted quarterly to the District. The majority of the costs of the Distiict
relates to the salaries for Lay Employees. 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,
maintenance, buildings insuran￿, 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 benefils-in-kind.
17. Assessment on Churches
The Circuit comprises 13 churches and Wesley Cenlre. Each church is assessed to
meet the majority of the overall net cost of running the Circuit. Other income is
received from investment income, property letting income and grants received from
various sources.
The annual Assessment is usually approved by the church treasurers via email. It is
then 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 formula is based on the
number of members and total income of the previous year. The Assessments are
paid quarterly in advance and are treated as pre-payments on a receivable basis.
18. Staff - 2023/2024
During the year we paid 4 Ministers, 1 Deacon, 2 part time Lay Pastors 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
sl
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
sl
are increased from 1 April each year such that no one is paid less than the Real
Living Wage. All are paid at or above the Living Wage figure.
19. Pensions.
The Circuit paid a contribution of 26.90/0 in respect of Ministers and 6 % 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 one Minister had a sabbatical.
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, printing, stalionery &
mileage (in line with Methodist Church guidelines) expenses can be made.
Charity Registration No. 1135028

22. ApprentI￿ShIp Levy
Although the Circuit is registered as a separate Charity, HMRC have classified The
Methodist Church as a laige employer in view of which the Apprenticeship levy
applies to the Circuit from April 2017
23. Glossary of terms
CFB. Central Finan￿ Board of the Methodist Church. Provides a Common Deposit
Fund.
Church. A group of members from fewer than 10 to more than 300.
Circuit. A group of Methodist Churches within an area - usually 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.
CCLA CCLA Fund Managers Limited. Managers of investment funds transferred to
the circuit from Hampsthwaite Methodist Church when it Ceased to Meet.
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 and the Circuit Stewards.
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 furtherance of its charitable and Mission
objectives.
District. 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 Property including
church buildings and let out properties, manses, legacies, Endowments and
Accumulated Funds.
Trust property is held for and on behalf of local Managing Trustees who are
responsible for the day to day management of Trust property. TMCP ensure that,
through providing guidan￿ and acting under their direction, the Managing Trustees
comply with charity law, Methodist law and polity determined by Methodist
Conference.
Charity Registration No. 1135028

Nidd Valley Methodist Clrcult
29126
Statement of Financlal Activities (SOFA) for the year Ènding
31 Aueust 2024
Nate5
Genetal
Funds
luorewffictedl
ClrcuTrt Model
Trust FuNd
lunresiirctedl
Restrtrte
Fvnd5
EndowmÈfit
Funds
Totsl
202>2024
Total
2022-2023
Income
DonalloThs & Le8acies
Income from mot)etèry Investments
lftcome from InvestmentpropertlÈs
Assessment on Churches
Nl
IIK>
N2
15,275
14.620
327.817
18.S28
53
33,B56
14.620
3Z7,817
59.1
I7,￿￿]
22,189
14.620
350,193
N3
N4
Pen51oll Fund5 3ddltl¢)n31 contribs refunded
N5
59.(
Grants & ContrlbLrtions received
N6
17,(XKI
Totollncome
374.812
77,528
452.393
387,102
Expendlture
Grants & Donatlons pèld
Stlpendsl Salarles
Telephone & Travel
Insurance & UtllltSes
N7
3.868
3,868
240,608
13,391
20,880
7,669
8,439
1,054
80,059
2,369
2.886
11,629
61,732
1,52S
3,697
5,342
465 148
io
N8
240.608
13.391
176.210
11,090
16,828
7,548
6,925
loa
N9
lob
NIO
20.
7.669
IOC
Assotlèied Stafflng Costs
Supernumarles Preathlng Fees
Youth Work
Nll
iod
8,439
1.054
,059
2,369
2A86
Ioe
li
Property Malntenante- Manses
Ilulnquennlal Reports
Rented propertycosts
ConneMloTral Asst & Motdel Trust Levy
01strlrt A55e55rnent & Levy
Bank charges
Olflce Exptn5es
Other outgolnKs
rotolchurltoble txpens¢s
lances
N12
38,328
4,359
7,614
16,683
60,B72
1,703
3,848
5,903
357.975
Ila
Ilb
N13
12
N14
11.629
13
61.732
14
774
15
3.697
5.342
452,742
-77,930
16
NJS
17
12,403
50
-11755
18
Galn51llossesl on Church closure
GalnsllLossèsl on Monètary InvÈstrnÈnts
N16
-6,126
35.107
.6,126
36A89
-5,292
841
19
N18
1.373
20
21
Net In¢ome/Expendlture
66.498
59
17,608
24.676
Transfer between fuTrds
48.927
48,927
23
Pioperty sold- valuatlon per accounts
Nét movementlnlunds
24
-22
IX.571
59
17,608
24.676
2S Tolal Funds bfou8ht fO￿ard
26
rotqlFunds¢qrrl¢dlonv¢7Td
2535,771
1535.749
271.724
289.29S
L103
1.162
2.808,598
2.826 2t76
783 922
2.808.598
Net TotolFunds corffjedfonvord
2.535.749
289.295
1.162
2.826206
18Q&598
(Tr￿[ty Re￿¥1￿ No. 1135D28

Nldd Valley Methodist Clrcult
29126
Balance Sheet as at
31 August 2024
Notes
Gefierol
ctrcuit Mod
Trust Fund
(U￿eStI1￿edJ
Restrirt
Funds
Endowment
Funds
Total
31-AfjJg-24
Total
ai-Aug.23
lunrestrlrtedl
Flxed A5sel5
Clrcuit Manses & Equlprnent
Investment Prnpertles
Inve5tments-TMCP/CCL4- shareslunlts
Totol FlxedAssels
N17
N17
N18
1,384,445
701.078
348.998
1,384,445
701,078
368,244
2.453.767
1,384,445
701,078
331.756
2.417,279
19,122
124
1434.521
J9.J22
J24
Current Assets
Deblors
Inveslmenis- TMcp/CCLA- Inte¥est lunds
Central Flnance Board Dep051ts
Cash at Bank
N19
N18IN19
NJ8/N19
N19
17,718
42,353
122.373
17,679
200.123
17,718
313,564
122,373
17,679
47J.334
17,434
295,971
152,450
12.811
478.666
270,173
1,038
rotJl CvrrentAsstts
270.173
1,038
Currenl Llabllllle$- due < l year
Ciedltors
N19
98095
98,895
87,347
rotolCvrrentUubllltle5
895
87.347
Nel Cvii*ntAsséisfllttbllltl*s
IOJ.228
270.J73
1,038
372.439
391,319
Lon8Yerm Ilabllltles- dye > l yeor
Credltois
rotollonq Teim Uobllllles
AletAssets
154749
289,29S
J,162
Z826,206
2,808.598
Funds of the Clrcult
General Fund Iunrestrlctedl
Clfcult Model Trust Fund IunTe51rlrlEd)
Restflcted Funds
Endowrnent Funds
2,535,749
2,535,749
289.295
2,S35,771
271,724
289.295
1,162
Tolt71Fund5
2,535.749
289.295
1.162
2.824206
1808.598
Ch3rii fle
5tiationNo. 1135028

Nidd Valley Methodist Circuit
29126
SOFA Notes for the year ended
31 August 2024
2024
2023
Nl lyonatlons & legaties
Donations
Unrestricted
100
100
N2 Incomefrom Monetury Investments
CFB & TMCP
Unrestrlcted
Circuit model Trust
Restricted
Endowment
15,275
18,528
13,270
8,888
53
31
TotGI
33.856
22,189
N3 Incomefrom Investment Property
Lettlng
56 Park Gate, Knaresborough
Lettln8
Car Park, Tockwith, York
12,900
1,720
12,900
1,720
Totol
14,620
14,620
N4 Assessment on Churches
Church
Bilton area
Gracious street
Harlow Hlll
Kearby
KlllinEhall
Kirk Hammerton
Pannal
Park Grove
Scotton
Starbeck
Trlnlty
Wesley Centre
Wesley Chapel
Woodlands
30,397
80,856
10,884
3,220
8,884
3,648
36,260
12,612
3,432
33,828
38,268
31,809
84,008
10,368
2,928
8,992
3,792
38,168
12,796
3,120
38,256
34,792
18,000
18,152
45.012
16.016
49,512
Total
327,817
350 193
N5
Pen51on Funds addltlonoltontrlbs refunded
Additional contributions made Nov21- refunded
59,000
Totoj
59,000
N6 Grants & Contrlbutlons received
Disrlct Grant for Deacon
17.000
Totaj
17.000
Chari
Re
istration No. 1135028

Nidd Valley Methodist Circuit
29/26
SOFA Notes for the year ended
31 August 2024
2024
2023
N7 Grants & Donations pald
Poid
Gracious Street
Gracious Street
Trinity
Wesley Centre
live streaming phase 2
Energy audit
Energy audit
Energy audit
1,080
929
929
930
Total
3,868
N8 Stlpends/St71aries
Gross Stipends/Salaries
Employers National Insurance contributions
Employers Pension contributions
183,955
16,184
40,469
134,459
11,846
29,905
Total
Staff costs
240,608
176,210
Average number of Staff employed during year
N9 Telephone & Travel
Telephone costs
Travel
6,724
6,667
5,338
5,752
Total
13,391
11,090
NIO Insurance & Utllltles
Council tax
Insurance
Water Rates
14,099
4,539
2,242
10,167
4,580
2,081
Total
20,880
Nll Assoclated Stofflng costs
Fixtures, fittings & Equipment
Gas Equipment Sepdice- manses
Removal cost5
Supervision Expenses & Training
Training & Study courses
Worship Books/Materials
832
764
4,853
15
147
1,058
874
5,252
542
880
Total
7,669
7,548

Nidd Valley Methodist Circuit
29126
SOFA Notes for the year ended
31 August 2024
2024
2023
N12 Manses
Manse Maintenance
80,059
38,328
Total
80,059
N13 Rented property Costs
56 Park Gate, Knaresborough
2,886
7,614
Total
2,886
7,614
N14
ConnexlonalAsst & Model Trust Levy
Dlstrict Levy on CMT fund
11,629
16,683
Total
11,629
16,683
N15 Other outgolngs
Apprentlceshlp Levy
8ankfees
Circuit Stewards expenses
Harrogate Hub-annual donation
Hospitality / catering
Independent Examiner's Fee
Leeds Methodlst Loans & Grants Soc-annual subs
Payroll Charges
Recruitment expenses
Relocation Expenses
Relocation Grant (Tax Free)
Stationing Appointment expenses
Supernumerartes - thank you gift
Tockwith Graveyard Malntenance
Misc items under £100
Land Registry costs
1,131
60
107
200
183
1,080
70
480
88
72
840
60
131
186
1,080
70
480
131
172
600
818
418
400
940
113
790
536
Total
5,342
5,903
N16 Church Closure- Hampsthwaite MC
Insurance
-3,306
-1,437
-75
-1,308
-3,019
-2,152
653
-774
Utilitles
Closure cost5
Selling costs
Transfer investments & bank account to Circuit
-6,126
-5,292
Charity Registration No. 1135028

Nidd Valley Methodlst Circuit
29126
N17
Summary of Circuit Property as at
31 August 2024
Property
Land
Reg ref.
NYK314412
Note5
2022-2023
Sold
Revaluatron
2023-2024
MansE
Let
Investment
Emerald C105e
Leadh311 Lane
Tennyson Avenue
Woodlands Drlve
York Road
407.050
250.000
275,000
215.000
237,395
407.050
2SO.000
275.000
215,000
237,395
407,050
250,000
275,000
215,tx)o
237.395
NYK222213
NYK166112
NYK480751
4YK370335
Park Gate
NYK368517
21L078
211,078
211,078
Wesley House
32134 Cheltenham Parade
NYK504084
I￿.000
390.OC¥J
loo.000
390,000
loo,000
390,000
NYK486949
Grove ords
Klrb Overblow
Tockwith
NYK369154
NYK370352
Sub tota15
211,078
490,000
Totols 2024
2,085,523
2,085,523 1.384.445
701,078
Totuls 2023
2.085.523 1384,445
701.078
Notes
Valued at cost price ln Au8USt 2￿7
Awaiting a Yaluailon
Based on rdluatlon by FSS of Haifv8ateJuty 2018
8a5ed on the Sum Insured In 2013
Based on valuatlon by FSS ol Harro8ate lo 2012
Graveyard5 have no marketvalue
No property Is (oftsidefed to bts valued hl8her than market value
The Clrcult Is the Managrng Trustee. lorwesley House, 32 Chelteftham Parade and 34 Chelienharn Parade, Hairo8ate.
It Was a8ieed by the Clrtull Meelin8 11)at the net rents lor these prupertjes would be collected by Wesley Cenlfe Harro8ate
and be part ofthelr ac¢ounts.
Wesley Cenlfe15 responslblt to Nldd Valley Methodlst Circult but Is reeistered a5 a separate chailiy number 1168825
Note re##rdln8 revaluatltsn of property
All property sales arè suble¢t to a levy byTMCP bein8 20 X on first £ILKI.LXO thereafter40%
Charity Registratron No. 1135028

Nidd Valley Methodist Circuit
29/26
N18
Summary of Investments as at
31 August 2024
2024
2023
Change In Investment values
Carrying {Marketl value at beginnlng of year
Add
addition5 in investments at cost
Less
dlsposa15 at carrying value
Net Gain/lLoss) on revaluation
rounding
331,756
330,915
36,489
841
Carrying {Market) value at end of year
368,244
331,756
Analysls of Investment movements
Investments listed on a recognised Stock Exchange
Investments held In common investment funds
368,244
313.564
331,756
295.971
Total
681,808
627,727
Anulysls of Indlvlduolfunds
Unre5trictedfunds Investments- TMCP - shares
Investments- CCLA - Income units
Inve5tments- TMCP- Interest funds
General Funds
Clrcuit Model Trust Fund {CMTF)
Reserves & projects
Reserves & projects
Reserves & projects
Running expenses
Project fundlng
268,748
99,372
42.353
58,875
270,173
739,521
239,311
92,329
41,009
95,348
253,975
721,972
Restrlcted Funds
Endowment Funds
1,162
1,103
Endowment Funds
Fund
How invested
Current value
Annual Income
Usedfor
Bootland & Dunwell 686 Trustees Interest Fund
Mrs M Glll
5990 CFB Managed Mixed &
Trustees Interest Fund
1.037
125
53
Account retalned
General Circult
Totals
1.162
57
Investments
TMCP hold the CMTF In a Trustee Interest Fund on whkh Interest is credited ro the Fund each month
TMCP hold other funds from which payments are made to the CFB account throughout the year.
CCLA hold funds on whlch dlvldends are pald quarterly into the CAF Bank account
They are regarded as medium and long term investments.
Charity Registration No. 1135028

Nidd Valley Methodist Circuit
29/26
N19
Current Assets & LiabilitAes
31 August 2024
2024
2023
Debtors
Prepaid Stipends
Other prepayments
17,065
653
16,777
657
Total
17,718
17,434
Cash & Bank
Balance at TMCP
Balance at CFB
Balance at CAF Bank
313,564
122,373
17,679
295,971
152,450
12,811
453,616
461,232
Credltors < l year
Prepaid Assessments
Independent Examiner
Grants payable
Other creditors
82,085
1,100
81,990
1,100
15,710
4,257
98,895
87,347
Charity Registration No. 1135028

Declaration and Scrutiny
I confirm that these accruals-based accounts for the year to 31 August 2024 have been
prepared from the records of the Circuit and that they include all funds under Ihe control of
the Nidd Valley Methodist Circuit.
signatu￿ of the Circuit T￿aSurer
Date: Iij. Il. 2oZ4
Name and address of the Circuit Treasurer:
Edward Walton, 4 Stockwell Avenue, Knaresborough HG5 OLA
Presentatlon to the Circult Meeting
I confirm that the annual report and accounts for the year ended 31 August 2024 will be
presented to the Spring 2025 Circuit Meeting.
Signatur6 of the Chair of the Circuit Meeting:
Name of the Chair of the Circuit Meeting". Rev Ben Clowes
Date: 20)3} Lr
Independent Examiner's Report to the Trustees of the Nidd Valley Methodist Circuit
The Circuit's Trustees are ￿sponsible for ensuring that the annual report and accounts for
the year to 31 August 2024 present a true and fair view of the Circuit's income and
expenditure for the year and of its assets and liabililies al the balance sheet date. The
trustees consider that an audit is not necessary 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 come to my attention.
Basis of Independent Examlner's Report
My examination was carried out in accordance with the general directions given by the
Charity Commission. An examination includes a review of the accounting records kept by
the charity and a comparison of the accounts with those records. It also includes
consideration of any unusual items, in nature or scale, or disclosures in Ihe accounts,
seeking explanations frorn the trustees concerning such matters. The procedures
undertaken do not provide all the evidence 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 statement below.
Charity Registration No. 1135028

Independent Examiner's Statement
In connection with my examination, no matter has come to rny attention
1. Which gives me reasonable cause to believe that in any material respect the
requirements
to keep accounting records in accordan￿ wilh Section 130 of the Charities
Act 2011
to prepare accounts which accord with the accounting records and comply
with the accounting requirements of the Charities Act 2011
have not been met, or
2, to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
3. 1 have not obtained independent verification of all investments with the Trustees for
Methodist Church Purposes or held in other trusts. bank balances and funds at the
Central Finance Board of the Methodist Church which are individually in excess of
£10,000 (ten thousand pounds) at the balance sheet date.
Signature of the Independent Examiner:
Name of the independent examiner." P Jackson of Jackson Whitwham CCA
Relevant professional qualification of the independent examiner: F.C.C.A
Address:
Unit 9, The Innovation Centre, Conyngham Hall, Knaresl)orough HG5 9AY
Date..
L41ii (Trq
Charity Registration No. 1135028

RESERVES POLICY
Report on behalf of
Nidd Valle
Methodist Circuit 29126
('Church Counclll Clrcult MeetlnglDlstrlct)
To
District Treasurer
{'Circuit MeetinglDistrict)
We submit our annual report in accordance wilh the
(iii) We have agreed a Reserves Policy which 18
requirements of the Methodist Conference and the
set out overleaf and is recorded in the
Charity Commission guidance in CC19.
trustees. minutes and our Annual Report
{1) The Irustees have established their mission
(iv) We recognise the need to be accountable as
aims taking into account all of the resources
charity trustees for all Ihe money which comes
available in terms of people. pioperty and
into our hands and will provide further
money
nfomiation
as
requlred
by
the
CircuiVDistricVConnexion
(li) MissFon iniliativeslprojects have been costed
or estimates made of projected future costs
which take into account the needs of the
buildings and the requirements of the
Quinquennial Inspection Reportls
(v) Our Report is attached overleaf
please delete as appropriate
To be completed by Receiving Body
The
"Circuit MeetinglDistrict received the RESERVES POLICY of
"Church Councillcircuit MeetinglDistrict
Policy accepted and acknowledgement sent to the trustees
YES
Policy noted and the following enquiries made of the trustees
Responses received and any further aclion taken
'ClrcultlDlslrict
Slgnatures
Please delete as a
nate
Date...........-

RESERVES POLICY of
Nidd Valley Methodist Circuit 29126
('Church Council
ICSrcult MeetingWIDlstrict
General Funds held at
YE 3110812024
£739,521
Restrlcted Funds held
Endowment Funds held
Reserves policy for General Funds
The Policy is to run reducing annual deficits until 2029130 which, along with currently known one-off
items of expenditure, offset by income from the sale of the Hampsthwaite church (£145,000), will reduce
the reserves to approximately £250,000. This is equal to 6 months expenditure. From 2030131 our
objective is to break even annually.
5. Polic
nla
for Restricted Funds
Terms relating to Endowment Funds held
None,. Interest from the endowment funds is available for General Circuit purposes
This Reserves Policy has been approved by
The Circult Meeting held on 20 March 2025
('Church CounciiEIIcircuit meeting￿l01Strict[l)
Treasurer
Trustee
Full name
Full Name
8 PWL t7
WALI o
Signature
Signature