The Nidd Valley Methodist Circuit 29/26
Financial Statements
for the year ending
31 August 2025
Charity Registration No: 1135028
Nidd Valley Methodist Circuit 29/26
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|---|---|---|---|---|---|---|---|
|Staffing|2024-2025|
|Ministers|Rev Benjamin Clowes|- Circuit Superintendent Minister|
|Rev Gordon|Hay|
|Rev|Lesley Taylor|
|Rev|fan|Bryon|started|01/09/2024|
|Deacon|Mr Gary|Hoare|
|Lay|Employees|Mrs|Clair Webster|
|Mrs|Katy|Morley|
|Mr|Nick|Garrett|
|Circuit|Stewards|Mrs|Sheila|Outhwaite|~|Sentor|Circuit Steward|
|Mr Tony Pearson|
|Mr Graham|Taylor|
|Mr Andrew|Brown|appointed|19/11/2024|
|Ms Anna|Cooley|appointed|19/11/2024|
|Mrs Jane|McGrail|appointed|19/11/2024|
|Mr Simon|Mullholland|appointed|19/11/2024|
|Mr|Edward|Walton|-|Circuit Treasurer|
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||||||
|---|---|---|---|---|
|Names|and|addresses|of|advisers|
|Bank|CAF|Bank|limited|
|25|Kings|Hill Avenue|
|Kings|Hili|
|West|Malling|
|Kent|
|ME19 4JQ|
|Investment|Manager|Trustees for Methodist Church|Purposes|
|&|custodian|trustees|Central|Buildings|
|Oldham|Street|
|Manchester|
|Mi|1JQ|
|Investment|Manager|CCLA Fund|Managers|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|
|HGS5|9AY|
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Charity Registration No. 1135028
The Nidd Valley Methodist Circuit 29/26
General Notes to the accounts for the year ending 31 August 2025
1. 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 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 showa 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 nineth 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 SI 2008/629 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulations specific to SORP 2015 in accordance with Reg 8 (4)(d) of SI 2008/629, 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 concen
Based on the monetary assets and human resources available at 31 August 2025, 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
Individual amounts under ‘Other Income’ in the Statement of Financial Activities (SOFA) will be shown separately if they are considered material.
8. Income recognition
The Circuit acts as agent in two matters.
- a. 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. Expenditure
This is recognised whena 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.
- 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 trustees 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 Property
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 classified as Investment Property (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 licence and one is let out under a commercial lease at an agreed 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 District 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 insurance, Telephone/Broadband 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 13 churches and Wesley Centre. 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 fotal income of the previous year. The Assessments are paid quarterly in advance and are treated as pre-payments on a receivable basis.
- Staff - 2024/2025 During the year we paid 4 Ministers, 1 Deacon, 2 part time Lay Pastors and a parttime 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 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.
-
Pensions. The Circuit paid a contribution of 20% in respect of Ministers and 6% relating to Lay Employees.
-
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, stationery & mileage (in line with Methodist Church guidelines) expenses can be made.
Charity Registration No. 1135028
22. Apprenticeship Levy
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 of terms
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.
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 and/or 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. Generaily 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 and/or 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 guidance and acting under their direction, the Managing Trustees comply with charity law, Methodist law and polity determined by Methodist Conference.
Charity Registration No. 1135028
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Nidd Valley Methodist Circuit
29/26
Statement of Financial Activities (SOFA) for the year ending
31 August 2025
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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|pA|
|Funds|Trust|Fund|Funds|Funds|2024-2025|2023-2024|
|{unrestricted)|||(unrestricted)|
|income|a£|eng£|| "oo£|| P|£|a£|||£|
|1|Donations & Legacies|N1|350|5,839|6,189|100|
|2|Income from|monetary investments|N2|14,141|13,438|27,628|33,856|
|3|Income from|investment|properties|N3|14,720|14,720|14,620|
|4|Assessment on Churches|N4|328,205|328,205|327,817|
|5|Pension|Funds additional contribs refunded|NS|i¢]|59,000|
|6|Grants & Contributions|received|N6é|17,000|17,000|17,000|
|7|
|8|
|Total|Income|||svaare]|13,438||5.839]|aa]|393,742||452,393]|
|Expenditure|
|9|Grants & Donations|paid|N7|4,000|it)|4,000|3,868|
|10|Stipends / Salaries|NB|258,712|258,712|240,608|
|10a|Telephone & Travel|N9|412,866|12,866|13,391|
|10b|insurance &|Utilities|Ni0|21,612|21,612|20,880|
|10c|Associated Staffing Costs|N11|979|979|7,669|
|10d|Supernumaries Preaching Fees|9,532|9,532|8,439|
|10e|Youth Work|2,168|2,168|1,054|
|41|Property Maintenance - Manses|N12|20,555|20,555|80,059|
|dia|Quinquennial Reports|8,666|8,666|2,369|
|11b|Rented property costs|Ni3|6,506|6,506|2,886|
|12|Connexional|Asst & Model|Trust Levy|N14|12,947|12,947|11,629|
|413|District Assessment & Levy|67,908|67,908|61,732|
|14|Bank charges|950|940|3|1,893|1,525|
|15|Office|Expenses|3,668|3,668|3,697|
|16|Other outgoings|Ni5|4,170|4,170|5,342|
|17|Total charitable expenses|||aza292||1387]|||a||6,202]|465,208|||
|19|Gains/(Losses} on Monetary investments|N18|3,125|35|3,160|36,489|
|20|
|:|sncnn|i|
|21|Net|Income|
|/ Expenditure|||39833]|149354]|5.830]|as]|106,406)|17,608|||
|23|Property sold - valuation|per accounts|
|24|Net|movement|in funds|||32596]|67925]|s.830||a6]|106,406]|7,608|
|25|Total|Funds|brought|forward|||||2,535,740]|299,205f|io|a.t62||2,826,206]|2,808,598]|
|26|Total|Funds|carried|forward||__2s69,305||357,220||[5.830|——,z08|]|2,932,612]|2,826,206)|
|Net Total Funds carriedforword|2,568,345|357,220|5,839|1,208|2,932,612|2,826,206|
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Charity Registration No. 1135028
Nidd Vailey Methodist Circuit
: : i
29/26
Balance Sheet as at 31 August 2025
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|---|---|---|---|---|---|---|---|---|
|A|8|Cc|D|
|General|Circuit|Model|Restricted|Endowment|Total|Total|
|Funds|Trust|Fund|Funds|Funds|34-Aug-25|31-Aug-24|
|(unrestricted)|||(unrestricted)|
|Fixed Assets|£|£|£|£|£|£|
|Circuit Manses & Equipment|N47|1,384,445|1,384,445|1,384,445|
|Investment|Properties|Ni7|701,078|701,078|701,078|
|Investments - TMCP/CCLA|-|shares/units|N18|352,123|19,157|125|371,405|368,244|
|Total|Fixed|Assets|2,437,646||19,157]|oo]|as||2,456,928||2,453,767|
|Current Assets|
|Debtors|N19|18,617|18,617|17,718|
|investments|- TMCP/CCLA -|interest funds|N18/N19|43,580|338,063|382,726|313,564|
|Central|Finance|Board|Deposits|Ni8/N19|133,726|133,726|122,373|
|Cash at Bank|N19|29,252|5,839|35,091|17,679|
|Total|Current|Assets|
|Current|Liabilities|- due <|1 year|
|Creditors|94,476|94,476|98,895|
|0|0|
|Total Current Liabilities|ga7e||sof|[so]Sio|9a76|]|98.895|
|Net|Current|Assets/iabllities|130,699||338,062]5,839||4,083]|475,684|
|Long Term|liabilities|- due >|1 year|
|Total Long Term Uabitities|Te)|ee)|ee)|||
|Net|Assets|2,568,345|357,220|5,839|4,208|2,932,612|2,826,206|
|Funds|of the Circuit|
|General|Fund|(Unrestricted)|2,568,345|2,568,345|2,535,749|
|Circuit Model Trust Fund|(Unrestricted)|357,220|357,220|289,295|
|Restricted|Funds|5,839|5,839|0.|
|Endowment Funds|1,208|1,162|
|Total Funds|2,568,345|357,220|5,839|1,208|2,932,612|2,826,206|
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Charity Registration No, 1135028
Nidd Vailey Methodist Circuit
29/26
SOFA Notes for the year ended 31 August 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| NI | Donations& Legacies | ||||||
| Donations | Unrestricted | 350 | 100 | ||||
| Legacy | Tockwith | Restricted | 5,839 | 0 | |||
| 6,189 | 100 | ||||||
| N2 | IncomefromMonetaryInvestments | ||||||
| CFB&TMCP | Unrestricted | 14,141 | 15,275 | ||||
| CircuitModelTrust | 13,438 | 18,528 | |||||
| Restricted | 0 | 0 | |||||
| Endowment | 49 | 53 | |||||
| Total | 27,628 | 33,856 | |||||
| N3 | incomefrominvestmentProperty | ||||||
| Letting | 56 Park Gate, Knaresborough | 13,000 | 12,900 | ||||
| Letting | Car Park,Tockwith, York | 1,720 | 1,720 | ||||
| Total | 1472014620 | ||||||
| ee eee eee |
|||||||
| N4 | Assessmenton Churches | ||||||
| Church | |||||||
| Bilton area | 27,540 | 30,397 | |||||
| Gracious street | 80,556 | 80,856 | |||||
| Harlow Hilt | 11,972 | 10,884 | |||||
| Kearby | 3,540 | 3,220 | |||||
| Killinghalt | 8,440 | 8,884 | |||||
| KirkHammerton | 3,465 | 3,648 | |||||
| Pannal | 34,444 | 36,260 | |||||
| ParkGrove | 13,872 | 12,612 | |||||
| Scotton | 3,772 | 3,432 | |||||
| Starbeck | 33,884 | 33,828 | |||||
| Trinity | 42,092 | 38,268 | |||||
| WesleyChapel | 15,212 | 16,016 | |||||
| Woodlands | 49,416 | 49,512 | |||||
| Total | 328,205 | 327,817 | |||||
| aeee | |||||||
| N5 | PensionFundsadditionalcontribsrefunded | refunded | |||||
| Additional contributionsmadeNov22 -refunded | . | 0 | 59,000 | ||||
| Total | 0 | 59,000 | |||||
| nn | |||||||
| N6 | Grants& Contributionsreceived | ||||||
| DistrictGrant | forDeacon | 17,000 | 17,000 | ||||
| Total | 17,000 | 17,000 | |||||
| cece |
Charity Registration No, 1135028
Nidd Valley Methodist Circuit 29/26
| SOFA Notesfortheyearended | SOFA Notesfortheyearended | 31 August2025 | ||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| N7 | Grants&Donationspaid | |||
| Paid | ||||
| Gracious Street | - solar panels | 4,000 | ||
| Gracious Street | - live streaming phase 2 | 1,080 | ||
| Gracious Street | - Energy audit | 929 | ||
| Trinity | - Energyaudit | 929 | ||
| WesleyCentre | ~- Energyaudit | 930 | ||
| Total | 4,000 | 3,868 | ||
| N8 | Stipends/Salaries | |||
| GrossStipends/Salaries | 204,492 | 183,955 | ||
| Employers National Insurance contributions | 20,787 | 16,184 | ||
| Employers Pension contributions | 33,433 | 40,469 | ||
| Total Staff costs |
258,712 | 240,608 | ||
| Average numberofStaffemployed | employed during year | 8 | 8 | |
| i | ||||
| N9 | Telephone& Travel | |||
| Telephone costs | 5,290 | 6,724 | ||
| Travel | 7,576 | 6,667 | ||
| Total | 12,866 | 13,391 | ||
| N10 | Insurance& Utilities | |||
| Council tax | 14,216 | 14,099 | ||
| Insurance | 4,652 | 4,539 | ||
| WaterCharges | 2,744 | 2,242 | ||
| Total | 21,612 | 20,880 | ||
| eee | ||||
| N11 | AssociatedStaffingcosts | |||
| Fixtures, fittings& Equipment | 386 | 832 | ||
| Gas EquipmentService - manses | 0 | 764 | ||
| Removal costs | 0 | 4,853 | ||
| Supervision Expenses&Training | 20 | 15 | ||
| Training&Studycourses | 30 | 147 | ||
| Worship Books/Materials | 543 | 1,058 | ||
| Total | 979 | 7,669 | ||
| nT |
Charity Registration No. 1135028
Nidd Valley Methodist Circuit 29/26
:
| SOFANotesfortheyearended | SOFANotesfortheyearended | SOFANotesfortheyearended | 31August2025 | ||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Ni2 | Manses | ||||
| Manse Maintenance | 20,555 | 80,059 | |||
| Total | 20,555 | 80,059 | |||
| N13 | RentedpropertyCosts | ||||
| 56 Park Gate, Knaresborough | 6,506 | 2,886 | |||
| Total | 6,506 | 2,886 | |||
| N14 | =ConnexionalAsst &Model TrustLevy | ||||
| District LevyonCMTfund | 12,947 | 11,629 | |||
| Total | 12,947 | 11,629 | |||
| N15 | Otheroutgoings | ||||
| Apprenticeship Levy | 1,277 | 1,131 | |||
| . | Bankfees | 60 | 60 | ||
| CircuitStewards expenses | 193 | 107 | |||
| Harrogate Hub-annualdonation | 200 | 200 | |||
| Hospitality / catering | 248 | 183 | |||
| Independent Examiner's Fee | 1,080 | 1,080 | |||
| Leeds Methodist Loans & GrantsSoc-annual subs | 70 | 70 | |||
| Payroll Charges | 480 | 480 | |||
| Recruitment expenses | 0 | 88 | |||
| Relocation Expenses | 0 | 72 | |||
| StationingAppointmentexpenses | 0 | 418 | |||
| Supernumeraries -thankyou gift | 0 | 400 | |||
| Tockwith Graveyard Maintenance | 460 | 940 | |||
| Misc items under £100 | 102 | 113 | |||
| Total | 4,170 | 5,342 | |||
| i | |||||
| N16 | ChurchClosure -HampsthwaiteMC |
||||
| Insurance | -1,123 | ~3,306 | |||
| Utilities | -204 | -1,437 | |||
| Closurecosts | 0 | -75 | |||
| Sellingcosts | -9,141 | -1,308 | |||
| SalesProceeds | 210,000 | 0 | |||
| Connexional Levy | ~53,846 | 0 | |||
| 145,686 | -6,126 | ||||
| ee |
Charity Registration No. 1135028
29/26
:
Nidd Valley Methodist Circuit
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N17 Summary of Circuit Property as at 31 August 2025
Property RegLandref. 2023-2024£ Revaluation£ 2024-2025£ } Manse | Let£ £
Emerald Close 407,050} fT 407,050] 407,050 |
Leadhall Lane 250,000] | 250,000] 250,000) |
275,000] | 275,000} 275,000] |
Woodlands Drive 215,000] | 215,000/ 215,000 |
York Road 237,395| | 237,395] 237,395] |
Park Gate | [wvezeasa7] | 4 | 214078; | 24078]| 2ato7st
Wesley House 1o0,000| | 100,000] |Ss 200,000
32/34 Cheltenham Parade 390,000] | 390,000) =| ~—SCdtS (390,000
GraveyardsTT
Kirby Overblow pevesosisa] 6 [| of OT
Tockwith |nvxavoss2] 6 [| of fTCCU
sub totals 211,078 490,000
Totals 2025 nd2,085,523 i) 0 2,085,523 1,384,445 701,078
Totals 2024 2,085,523 1,384,445 O 701,078
Notes 1 =“Valued at cost price in August 2007
2 Awaiting a valuation
3 ‘Based on valuation by FSS of Harrogate July 2018
4 Based on the Sum Insured in 2013
5 Based on valuation by FSS of Harrogate in 2012
& Graveyards have no market value
----- End of picture text -----
No property is considered to be valued higher than market value
The Circuit is the Managing Trustee for Wesley House, 32 Cheltenham Parade and 34 Cheltenham Parade, Harrogate. it was agreed by the Circuit Meeting that the net rents for these properties would be collected by Wesley Centre Harrogate and be part of their accounts.
Wesley Centre is responsible to the Nidd Valley Methodist Circuit but is registered as a separate charity number 1168825
Note regarding revaluation of property
All property sales are subject to a levy by TMCP being 20 % on first £100,000 thereafter 40%
Charity Registration No. 1135028
29/26
Nidd Valley Methodist Circuit
Ni8 Summary of Investments as at
31 August 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | ||||||
| Change inInvestment values | |||||||
| Carrying (Market) value at beginningofyear | 368,244 | 331,756 | |||||
| Add _ additions in investments atcost | 0 | 0 | |||||
| Less _disposalsatcarryingvalue | 0 | 0 | |||||
| Net Gain/{Loss) on revaluation | 3,160 | 36,489 | |||||
| rounding | 1 | -1 | |||||
| Carrying (Market) value atend ofyear | 371,405 | 368,244 | |||||
| Analysisofinvestmentmovements | |||||||
| Investments listed on a recognised Stock | Exchange | 371,405 | 368,244 | ||||
| Investmentsheld incommon investmentfunds | funds | 382,726 | 313,564 | ||||
| Total | 754,131 | 681,808 | |||||
| Analysisofindividualfunds | |||||||
| Unrestrictedfunds | \nvestments -TMCP -shares | Reserves & projects | 275,150 | 268,748 | |||
| Investments -CCLA -income units | Reserves & projects | 96,131 | 99,372 | ||||
| investments -TMCP- interestfunds | Reserves & projects | 43,580 | 42,353 | ||||
| General Funds | Runningexpenses | 87,118 | 58,875 | ||||
| Circuit Model Trust Fund (CMTF) | Projectfunding | 338,063 | 270,173 | ||||
| 840,042 | 739,521 | ||||||
| RestrictedFunds | 5,839 | 0 | |||||
| EndowmentFunds | 1,208 | 1,162 | |||||
| EndowmentFunds | |||||||
| Fund | Howinvested | Currentvalue | Annual Income | Usedfor | |||
| Bootland & Dunwell | 686 Trustees Interest Fund |
1,083 | 46 | Account retained | |||
| MrsM Gill | 5990 CFBManaged Mixed & |
125 | 0 | General Circuit | |||
| Trustees interest Fund | |||||||
| Totals | 1,208 | 46 |
investments
TMCP hold the CMTF in a Trustee interest Fund on which interest Is credited to the Fund each month TMCP hold other funds from which payments are made to the CFB account throughout the year. CCLA hold funds on which dividends are paid 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& Liabilities | 31August2025 | ||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Debtors | ||||
| Prepaid Stipends | 17,983 | 17,065 | ||
| Other prepayments | 634 | 653 | ||
| Total | 18,617 | 17,718 | ||
| Cash& Bank | ||||
| Balance atTMCP | 382,726 | 313,564 | ||
| Balance at CFB | 133,726 | 122,373 | ||
| Balance atCAF Bank | 35,091 | 17,679 | ||
| 551,543 | 453,616 | |||
| Creditors | <1 year | |||
| Prepaid Assessments | 87,862 | 82,085 | ||
| Independent Examiner | 1,100 | 1,100 | ||
| Grants payable | 0 | 0 | ||
| Other creditors | 5,514 | 15,710 | ||
| 94,476 | 98,895 |
Charity Registration No. 1135028
Declaration and Scrutiny
| confirm that these accruals-based accounts for the year to 31 August 2025 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 2ae \
Date: Ol. ,O1. 20264
Name and address of the Circuit Treasurer:
Edward Walton, 4 Stockwell Avenue, Knaresborough HG5 OLA
Presentation to the Circuit Meeting
| confirm that the annual report and accounts for the year ended 31 August 2025 will be presented to the Spring 2026 Circuit Meeting.
Signature of the Chair of the Circuit Meeting: ...oa se vieaeaes Name of the Chair of the Circuit Meeting: Rev Ben Clowes Date: | mF |uy | 26
Independent Examiner’s Report to the Trustees of the
Nidd Valley Methodist Circuit — Charity number 1135028
Responsibilities and basis of report
| report to the Trustees on my examination of the accounts of the Nidd Valley Methodist Circuit for the year ended 31 August 2025 set out on pages of these Financial Statements. As the Charity’s Trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
| report in respect of my examination of the Nidd Valley Methodist Circuit accounts carried out under Section 145 of the Act and in carrying out my examination, | have followed all the applicable Directions given by the Charity Commission under section 145 (5)(b) of the Act
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 the accounts, seeking explanations from 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
! completed my examination. | confirm that no material matters have come to my attention in connection with the examination (other than disclosed below *) which gives me cause to believe that in, any material respect:
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e the accounting records were not kept in accordance with Section 130 of the Act or
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e the accounts do not accord with the accounting records
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
| have 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.
Name of the independent examiner: P Jackson of Jackson Whitwham CCA
Signature of the Independent Examiner: ...Zz.
Relevant professional qualification of the independent examiner: F.C.C.A
Address: Unit 9, The Innovation Centre, Conyngham Hall, Knaresborough HG5 9AY
Date: ALVA ZS
Charity Registration No, 1135028
|
Reportp on behalfof
. og Nidd Valley Methodist Circuit 29/26 (*Church Council/ Circuit Meeting/District)
To
Districtteas Treasurer
(*Circuit Meeting/District)
We submit our annual report in accordance with the requirements of the Methodist Conference and the Charity Commission guidance in CC19.
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(i) = The trustees have established their mission aims taking into account all of the resources available in terms of people, property and money
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7 ee a ae :
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(ii) Mission initiatives/projects 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 Report/s
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(ill) We have agreed a Reserves Policy which is set out overleaf and is recorded in the trustees’ minutes and our Annual Report
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{iv) We recognise the need to be accountable as charity trustees for all the money which comes into our hands and will provide further information as required by the Circuit/Distric#/Connexion
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(v) Our Report is attached overleaf >
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- ‘ please delete as appropriate
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To be completed by Receiving Body
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Circuit Meeting/District received the RESERVES POLICY of
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Church Council/Circuit Meeting/District
Policy accepted and acknowledgement sent to the trustees
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YESL /NOL |
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Policy noted and the following enquiries made of the trustees
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Responses received and any further action taken
Circuit/District
Sigmatures — .ic.icccssecssveccevensesecuvsnasceussesees venenesseveeceennsecascccsssascseeevescsees DAt@.carsevevees
Please delete as appropriate
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RESERVES POLICY of Nidd Valley Methodist Circuit 29/26 (*Church Councill_]/Circuit Meeting[|/District[])
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1. General Funds held at Y/E 31/08/2025 £840,042
2. Restricted Funds held “ £5,839 _
3. Endowment Funds held : £1,208
4. Reserves policy for General Funds
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The Policy is to run reducing annual deficits until 2030/31 which, along with currently known one-off items of expenditure will reduce the reserves.
At this stage the scope of the Circuit Reorganisation & the Malt Kiln project (from the Circuit's point of view) are not known.
As a result, at this time, the unallocated Reserves are higher than the normal 6 months of expenditure. It is envisaged that a better view of the Circuit Reorganisation & the Malt Kiln costs will be known in the next year so that Reserves can be ear marked against the projects.
From 2031/32 our objective is to break even annually.
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Policy for Restricted Funds This represents a bequest made for the upkeep of Tockwith graveyard
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Terms relating to Endowment Funds held
None: Interest from the endowment funds is available for General Circuit purposes
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This Reserves Policy has been approved by | tue agouT MEBTING WELD on
iu AfeiL 2626
(Church Councill_)/Circuit Meeting[|/Districtl])
Full name | Full Name
|
EDWARD WAV TON OSU GORDOU WAY
Signature 4 | Signature y | |
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)
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