PEAK METHODIST CIRCUIT Trustees, Annual Re ort on Finance and Governance Name of Circuit: Peak Methodist Clrcuit. Circuit Number: 25113 Charity Registration Number: 1135656 Date: 11912023 - 311812024 The Charity's annual report and accounts for the year ended 31 August 2024 have been prepared in accordan with the Charities Act 2011 and the Charities.. Statement of Recommended Practice 2015 as applicable to the Financial Reporting Standard (FRS) 102. Principal Office: Bakewell Methodist Church, Haddon Road, Bakewell, Derbyshire. Staff: Superintendent Minister; Rev. Julie Letts Children & Families Worker: Pioneer Minister.. Peak Wesley Way Manager Dr. Karen Perry Rev. Jonathan Brook Ms Alex Harrison Administration: Circuit Treasurer.. Circuit Administrator.. Mr Malcolm Letts Vacant Mr Malcolm Letts acts as the principal off icer overseeing the day-t¢>day financial management and accounting for the Circuit. Names of Mana in Trustees The members of the Peak Methodist Circuit meeting are the Charity trustees, membership being made up of circuit offic8 holders, Ministers and representatives appointed by the local churches. Full membership is shown as Appendix A to thi5 report. Bankers: Royal Bank of Scotland, Drummond House Branch, Edinburgh, EH12 9JN Central Finance Board, 9 Bonhill Street, London, EC2A 4PE Investment Mana ers: TMCP, Central Buildings, Oldham, Manchester, M1 1JQ Inde endent Examiner: Mr David Young, 14 The Roost, Heather Lane, Hathersage, S32 1 DQ Mission Statement: (and ways in which the Circuit organises itself to carry out its stated aims and objectives)
The Peak Methodist Circuit is an inclusive group of churches seeking to live and shar8 lrfe in all its fullness as offered by Jesus Christ. Wa s of Workin Ministerial staff meet weekly to discuss their work and support each other. The Circuit Leadership Team meets monthly to discuss the work across the Circuit and matters affecting policy. The Circuit Meeting meets twice a year. The Local Preachers, meeting meets four times a year for support, training and to receive reports for those on Trial and on Note, as well as any Worship Leaders in training. The Property Committee meets when required to attend lo particular pieces of work. Risk Mana ement: The major risks have been identified and recorded by the Circuit Finance and Property Committee with professional advi considered and taken as required. There is a regular annual review process of monitoring incom8 and expenditure in total with the approved annual budget and budget forecast to detect trends as part of the risk management process. Safe uardin Every person has a value and dignity which comes directly from the creation of male and female in God's own image and likeness. Christians see this potential as fulfilled by God's re-creation of us in Christ. Among other things this implies a duty to value all people as bearing the image of God and therefore to protect them from harm. Methodist Connexional practice outlines commitment to the following principles.. the care and nurture of, and respectful pastoral m inistry with, all children, young people, and adults the safeguarding and protection of all children, young people, and adults when they ara vulnerable the establishing of safe, caring communities which provide a loving environment where there is informed vigilance as to the dangers of abuse. • We will carefully select and train all those with any responsibility within the Church, in line with Safer Recruitment principles, including the use of criminal records disclosures and registration with the relevant vetting and barring schemes. We will respond without delay to every complaint made which suggests that an adult, child, or young person may have been harmed, cooperating with the police and local authority in any investigation. We will seek to work with anyone who has suffered abuse, developing with them an appropriate ministry of informed pastoral care.
We will seek to challenge any abuse of power, especially by anyone in a position of trust. We will seek to offer pastoral care and support, including supervision and referral to the proper authorities, to any member of our church community known to have offended against a child, young person, or vulnerable adult. In all these principles we will follow legislation, guidance and recognised good practice The Peak Methodist Circuit commits itself to ensuring the implementation of the Connexional Safeguarding Policy, government legislation, guidance, and safe practice in the circuit and in the churches. The Peak Methodist Circuit commits itself to the provision of support, advice 8nd training for lay and ordained people that will ensure people are clear and confident about their roles and responsibilities in safeguarding and promoting the welfare of children and adults who may be vulnerable. This training is to be overseen by Safeguarding Off icers within the Circuit, including the newly formed Safeguarding team for the Peak Methodist Church. This has been formed with support from the District Safeguarding Officer (DSO). This will lead to a comprehensive Safeguarding Audit. Review of ro ress and achievements: 1. The Circuit was glad to have continued stability of ministerial staff. 2. The Circuit will continue to maintain a regular presence at Chatsworth Country Fair with a hospitality tent. 3. The Circuit maintains contact with the work and ministry of the Derbyshire Agricultural Chaplaincy Project. 4. . Continued contributions are made to Moorland House by Ministerial staff who work in conjunction with the Methodist Homes chaplain. 5. At Bakewell Academy, there is a Foundalion Governor vacancy. A local church member serves as a Foundation Governor. Collective worship and chaplaincy continue. 6. At Bamford MC, the work of 'Story Keepers, with primary school children continues to thrive. 'Godly Play, is another valued outreach, and this is held in the school. For older people, a fortnightly social gathering when a film is watched or a speaker is invited, continues to be steady, attracting new people. A further development has been the development of closer working together with the local Anglican Church. Joint services of worship are held weekly, alternating between the chapel and the church, under the umbrella name of "Village Church.. Both congregations are looking to promote activities, outside of Sunday worship, under the same umbrella name. In Fountain Square Church Tideswell, again children and young folk outreach takes Pla through Busy Bees Toddler group, Seedlings and Groundbreakers all age worship gathering. The work at Bamford and Fountain Square Church is led by the Children and Families Worker.
In Hope, at the Hub, the presence of the Pioneer Minister, Rev Jonathan Brook, continues to attract all ages to the point where a toddler group and youth group are established, as is the Sunday gathering. The sense of family is enhanced by a lthatsApp group which is constantly reTriving new members. Thoughts are now taking place as to how the chapel building can be re-structured to meet the needs of the growing mission work. In Bakewell, the outreach group continues to be quietly effective in the town. The long-standing healing ministry has now developed into Healing on the Streets when, on the first Sunday each month, a trained team offer ministy to the public as they pass by the Padlock Bridge. The warm Space continues to thrive, In Hathersage, the Repair Café gets busier. A quiet corner where people can talk in confidence and receive prayer has been a recent addition. Ecumenical collaboration is with tha Repair Café and with a successful Messy Church which is held monthly. The church continues to meet in the hall during wint8r months. This is an Eco-initiative which reduces fuel costs. The church had previously achieved ECO Church Bronze award. Silver has now been awarded. 7, The Circuit Leadership Team (CLT) continued the Oversight & Trusteeship work to the point where the Circuit voted on moving into a multi-site way of working This was adopted by all chapels, apart from Hathersage and Sparrowpit, and Fountain Square Church (FSC) FSC would like to join but URC legalities need to be addressed first. The new multi-site operation is The Peak Methodisl Church. Trustees were appointed to meet bi-monthly to, in effect, be the Church Council for the multi-site churches. Hathersage and Sparrowpit will continue to hold their own church councils. Whilst the Peak Methodist Church is in its infancy, it is believed that it will help develop not just a sustainable way forward but a way forward that will enable growth and freedom for members to engage in mission, as well as devalop personal discipleship. This is to be done through reducing the number of office holders required, developing teams with various skills i.e. The Safeguarding Team, Discipleship Team... 8. Circuit stewards will meet regularly to ensure that the multi-site church and those standing outside of it will continue to work cohesively as a Circuit. 9. Links wilh Cliff College continue to be maintained. 10. 'The Peak Wesley Way,, a walking pilgrimage between Matlock and Edale, has been launched with significant success. A Pilgrimage Manager has been appointed, a website and Facebook page established, guidebooks and journals created, volunteer welcomers recruited from church and village communities. Bookings received indicate the pilgrimage is going to be a viable outreach both in terms of discipleship, working with the wider communities, and providing income. Financial Review: During the year, the Circuit received income of £253.5k and drew a further £83k from Reserves - Total 336.5k (2022-23. £538.3k) This figure is inflated by the following eXptIOnal items: _ £22.9k from Connexional Priority Fund {CPF) levy refunds,
£82.5k Peak Wesley Way (PWW) grants & income and £34k from Circuit Churches in respect of lay worker salaries. The Circuit disbursed £364K (2022-23.. £281 k) resulting in a deficit of £110.6k (2022- 23.. Surplus £183.3k. However, after taking into account exceptional items the true position was a deficit of £64.3k) The disbursements included costs of £83.2k regarding PWW. The £83k transfer from Reserves was taken to cover the budgeled shortfall of £68k to assist with cashflow, and a further £15k to provide a separate pot for any missional grants awarded to the Circuit churches. From the missional funds, the sum of £9k was distributed to Hope Methodist Church as the 3rd and final payment to support the work of the Pioneer Minister at Hope Methodist Church, £6.6k as the 1st of 3 payments to Sheff ield District to support the work of the Peak Park Rural Development Enabler (PPRDE) and £670 to support the work of Healing on the Streets in Bakewell. Further grants from the Circuit's Circuit Model Trust Fund {CMTF) were made to Edale MC (£1 Ok) towards the refurbishment project there and £28.5k towards the PWPN project (Overall agreed contribulion to be £35k). Net current assets plus investments now amount to £258k (2021-22.. £368.8k.) Consequently, the Standard Fonn of Accounts have been prepared on a going concern basis. The Circuit currently owns the freehold to two manses (Bakewell & Hathersage) and 1 further church property in Thornhill which is currenlly commercially let. Several other church properties remain under the Circuit's control following closure for worship (Baslow, Great Longstone, Litton & Braokniell Bethlehem Sunday School). The Baslow & Greal Longstone properties are used in tha PVVW project and the Bradwell Bethlehem property is to be sold to provide further reserves for potential use in the development of the Circuit's missional activities. Income Trends: Circuit income is primarily drawn from the assessments paid by the Circuit churches and rental income paid by extemal users of empty church buildings. Contributions are also received from two of the Circuit Churches to cover the salary costs of the Childrens & Family Worker and from another Circuit Church to cover the Pioneer Minister's salary alongside grants from Circuit & District. Significant Income is now being received in respect of P. enditure Trends: The major costs are in relation to stipends and related costs of Ministers, the assessment paid to Sheffield District and upkeep of buildings. Stipend expenditure has increased each financial year in line with conference approved increases. There were also signfficant costs in respect of PWW (matched by grants and income as mentioned above). The Circuit is part of the Sheffield District and is accountable to the Methodist Conference.
Reserves Polic The Reserves Policy of the Circuit is to hold a minimum sum equivalent to 4 months, average expenditure. This should be suff icient to meet any unforeseen item of major expenditure on manses andlor be able to continue, in the short tern, funding planned activities in the event of any inability from Circuit churches to raise the full Circuit assessment. Plans for 2024-25 Circuit Invitation Committee to progress the Stationing process towards the appointment of a new Superintendent Minister in place of the current Superintendent who will be 'sitting down, at the end of the Conn8xional year. Pioneer Worker and Children & Families worker to continue in the Circuit. Current staff levels to be maintained. Continue to develop 'Th8 Peak Wesley Way., Seek ways of undertaking discipleship and mission work in Litton Chapel where permission is to be sought to close for worship and prayerfully consider the future use of the building Develop the strategy for the Hub and the chapel building. If agreed, this is likely to see significant building work being undertaken. Sale of Bradwell Bethlehem Sunday School and Wesley Villa, in Tideswell to financially facilitate proposed initiatives. Consider the future use of the Bakewell Manse. Aims and o anisatlon. Charity objective is to act as a Resource provider within the area of the Peak District for the Methodist Church. The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the advancement of.. a) The Christian faith in accordance with the doctrinal standards and discipline of The Methodist Church. b) Any charitable purpose for the time being of any Connexional, District, Circuit, local or other organisation of The Methodist Church. c) Any charitable purpose for the time being of any society or institution, subsidiary, or ancillary to The Methodist Church. d) Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist Church. The organisation and resourcing of regular public acts of worship open to members of the church and non-members alike. The teaching of Christianity through sermons, courses, or small groups.
The resourcing of pastoral work including visiting the sick and bereaved. Taking religious assemblies in loc21 schools. Promotion of Christianity through the staging of events and services. Provision of chaplaincy services to local educational institutions. Public Benefit We confirm that the trustees have had regard to the Charity Commission's guidance on public benefit. Structure Govemance and Mana ement The governing document for the circuit is the Deed of Union (1932) and Methodist Church Act (1976) Detailed governance arrangements are outlined within the Constitutional Practice and Discipline of the Methodist Church by order of the annual conference (CPD). Day to day management of the circuit is undertaken by the Circuit Leadership Team (CLT) and Circuit Ministers. Trustee Trainin A range of guidance produced by Methodist Connexion to support the effective running of the Circuit, specifically the leaflet 'The Role of a Trustee in The Methodist Church, is given to all new Circuit meeting members as an induction to their role as trustees. Related Parties The Circuit is part of the Sheff ield District and is also accountable to the Methodist Conferern. The following Methodist Churches are linked to the circuit: Bakewell, Bamford, Baslow, Bradwell, Calver, Castleton, Edale, Great Longstone, Hathersage, Hope, Litton, Sparrowpit, Fountain Square Church Tideswell, Woodlands and Youlgreave. Great Longstone and Baslow have aSed worshipping, but as stated above, are included in the Peak Wesley Way as 'champing' venues. The Circuit are working hard to discern the right course of action for all our chapels. Approved by the Peak Methodist Circuit and signed o LLr'°r:O& Supe ntendent Minister Circuit Treasurer Name: Rev Julie Letts Name: Mr Malcolm Letts
Peak Methodlst Clrcult- Charl Number 1135656 - List of Mana in Trustees NAME POSITION CIRCUIT Rev Julie Letts Rev Dr Martyn Atkins Rev May Gladwin Rev Fran Johnson Rev Gill Sharp Superintendent Supernumerary 5upernurnerary Supernumerary Minister (Without appointment) CircuitTreasurer Circuit Steward Circuit Steward Circuit Steward Circuit Steward Archivist Child & Youth Worker Pioneer Minister Malcolm Letts Aline Danks Tom Donoghue Heather Thomas Sheila Travis Jennifer Fox Karen Perry Rev Jonathan Brook CHURCH BAKEWELL BAMFORD BRADIIJELL CALVER CASTLETON EDALE HATHERSAGE HOPE LIThON SPARROWPIT TREASURER David Down Malcolm Letts David Down Vivien Gibblngs Malcolm Letts Robert Helliwell Hilary Shaw Malcolm Letts Myra Barley Hilary Batterbee SENIOR STEWARD Heather Thomas Margaret Marsden Doreen Wood Maureen Houghton Ellen Outram Kate Burnett Christine Hose Chloe Donaghue Graharn Johnson Geoff Schrecker REP Christopher Harrison Bruce Hix Sheila Reynolds Caroline Jackson Diana Allen Emma Heath Janet Walls {non- Voting) Jean Jackson Judy Skelton TIDESWELL WOODLANDS YOULGREAVE Margaret Brignell Andrew Skelton Alison Mullins Jill Whitnell Richard Cotterill Margaret Gladwin
CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS PEAK METHODIST Circuit FOR THE YEAR ENDED 31 August 2024 SHEFFIELD District Circuit no 25113 Registered Charity- Charity Registration numb•r 1135656 If not a registered charity Hi8 Majesty's Rovonuo and Customs Gift Aid numb•r (The HMRC number is equivalent to a registered charity number in tems of evidenc8 of charitable status and may be used to give lo donors or grant funders wishing to see evidence of the organisation's charitable status. Melhodisl charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrumenl 2014 No.242) Ministers.. REV JU LI E LErrs.QSUPERINTENDEN.T).................................................................................. Circuit Slewards.. Mrs Aline Danks Mr Torn Donoqh!!e Mr Malcolm Letts Mrs Heather Thomas Mrs Sheila Travis Treasurer.. Mr Malcolm Letts Peak Methodlst Clrcubt SFA a8 al 318t AthJust 2024 1015
ACCOUNTS FOR THE YEAR ENDED 31 August 2024 PEAK METHODIST Clrcult Lln. Clrcult strl¢ted Model Trust Restrlcted Fund$ Fund Funds Totals Ihls Totsls la•t year SECTION A a1 RECEIPTS a2 Assessmenushare 83,223 94 294 a3 a4 Ca ital recei ts Bank and CFB interest and Investment income 308,620 1,787 230 12,041 22,898 353 14,181 23,128 122,932 253,464 8,446 Grants Other receipts TOTAL RECEIPTS 122,932 208,172 52,950 464,310 44.939 353 a8 SECTION b1 b2 PAYMENTS stipènds, salaries, NIC, Pension and trav81 costs 149 864 149,884 14.579 5.048 132,419 12,745 4,038 35 037 b3 Manse Costs b4 Administration etc 840 27 b5 District Assessmenl 30,200 b6 Grants & donations 38,531 11 920 b7 on Manselchurch Sales b8 Other payments TOTAL PAYMENTS 93,302 310,746 93,302 383,491 9,022 280,629 bg 52,718 27 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR c1 a79 102 574 326 110,027 183,681 Totsl funds brou ht forward Irom18St ear 67,656 294 629 369 204 215286 Sub total c1+c2 34,918 286,850 398,967 Transfers and ad'ustments 83 302 302 556 c7 29,783 ¢5 TOTAL FUNDS AT END OF YEAR Ic3+c41 48,384 203,850 6,943 258,621 369,204 SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS the8e amoun18 Should not be Included In total recel Ipaym•nts above) ht fomard from last d1 Balance brou eaT d2 Offerin OfferingslGifts a5sed to external organisations BALANCE STILL TO BE PAID d1+d2-d3 sIGifts - received for external Or anisations 3990 d3 3,990 d4 Pgak M¢thodlst Clrcu4tSFA as at 31stAugust 2024 2of5
PEAK METHODIST Clrcult SUMMAftY F CIRCUIT ACCOUNTS AND NTERNAL OROANISATION REPORTINO TO Th CIR UIT SECTION $4 Summary of th8 Circuit accounts for the year ended 31 August 2024 and Internal Organisatons repon to the Circuit Meet'ng. Nota that the funds ol an Intemgl Organisats'on vuld noallY be Restrictsd funds unless r( could be clearty shown that thay could be used for any Methodtst purpw. This se¢tion must be completed to arrive at the gr055 recaipts and payrnents totsl$ ofthè Circurt. Ir gr05s income excaads th8 Accruals thr8shdd of £250,CW, Ihan thg A¢¢rual$ rngthod of aOUnting AND A OIFFERENT FORM must u5•d to report th 4ccovn151588 Mathodi¥t Wgbsitg). Plea rrfer to lh• 9uidan not regarding transfers btho¢n the C1Ult and connxted Cifcuii Qfg8nisab"ons. INTERNAL ORGANISATION8 Net Receipt81 rnents Openmg nce8 Recei ents Ad u5trrnts Closi balar 103 Chatsworth Cou F4iT ¢.3 Mission in Brrtain 11X) e4 World Mis8#)n Fund 410 410 ¢7 Sub lot81 of Intem81 Ofg8n1$8tions lunds e% 6,•6• 17591 1.392 633 Clieult ie¢ounts Itotsls brought forw4rd from Pag• 2- to¢•ls column) CL) 263. 3,4•1 110.027 806 389,2¢14 2158,821 HELD BY CIRCUIT 268.384 389.150 110.786 666 370,696 259.264 Coniinu? on ? wparwe •heet rf nO¢e8ry and brino the lo1&16 forward TOTAL RECEIPTS TOTAL PAYMENTS SECTION F OPENING BALANCES CLOSINQ BALANCES CIRCUIT. CASH FUNDS HELO •t 31 Au ust 2024 Calh In har B8nk Curr•nt A¢¢ount onk l AnI 31 188 r4 Centrnl Flnan¢e Bcklr rru$lees l•r MelhcJiBt Church Pu 304,315 214,117 f6 Other fundl SU8 TOTAL 389.204 Ic61 268.621 Ic81 Total Tund8 held tsy Internal OFganwtiorA Ilhe closin b8Lqnce totals atpJwe le12 1,392 •11 833 •12 TOTAL CASH FLINDS HELD 8Y CIRCUIT 370,696 269,264 SECTION G Ai At OTHER ASSETS and LIABILITIES èw 2023 31Au ult 2024 ITNeBtm8nt8 Include End•[rt5 •?rJ Lil L8nd and Suildin 8ee not88 re Insurgnce w7lue 1 725 365 (Xher A69et8 Loan - arnount outstandin I[d Olmf 14 Include onty Funds ld al the Central Finance Board 15 Include onty CFB Funds heha al TruBtees foF MethList Church PUr)¥e 91 any olheT Inve5trnen15 Inol the cash ernenl of TMCP IfU5t a¢¢ounts this Imerted In lir ) Pwk SFA•F Dt 31fvAyrt2024 Jots
Name of Circuit- PEAK METHODIST CIRCUIT No 25113 Declarations and Scrutiny I confirm that these Receipt and Payment 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 the control of the Circuit meetina. Signature of treasurer Nam8 and address of treasurer Mr Malcolm Letts, The Manse, Oddfellows Road Hathersage, Hope Valley Post Code S32 1 DU Presentatlon to the Clrcult meetlng I confirm that the annual report and accounts for the year ended 31 August 2024 will be presented to the Circuit meeting held on Signature of the Chair of the meeting Name of the Chair of the meeting YLLK i É TTS Date Iq(qlz Independent Examiner's Report to the Trustees of the Peak Methodist Circuit Charlty Number 1136656 Responslbllitles and basls of report I report to the trustees on my examination of the accounts of the Peak Methodist Circuit for the year ended 31 August 2024 set out on pages 1 to 5 As the Circuit's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the Act,) I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. delete or circle as appropriate Peak Methc*Ji$l Clr¢urt SFA a8 at 316t Augu612024 4015
Name of Circuit - Peak Methodist Circuit No 25113 Independent ExamEnerfs Statement I have completed my examination. I confim that no material matters have come to my attention in connedion with the examination (other than that disclosed belo) which give me cause to believe that in, any material respect., the accounting records were not kept in accordance with section 130 of the Act; or the accounts do not accord wilh the accounting records. I have no concems 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. I have 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 independent examiner Name of independent examiner Relevant professional qualification of independent examlner Name of fim (where appropriate) IF ¢rAft ROOS I Address Post Code Date delete or circle as appropriate Peak Methodl81 Clr¢uit SFA as al 31gt AUgL1 2024 5of5
PEAK METHODIST CIRCUIT NOTES TO THE ACCOUNTS- YEAR TO 31 AUGUST 2024 The Peak Methodist Circuit forms part of the Methodist Connexion in Great Britsin and these accounts are prepared in accordance with the Constitution, Practice and Discipline of that Church. They confo to the Statement of Recommended Practice 'Accounting for Charities, dated 2015 and relevant accounting standards. 1. Accounting Policies a) The accounts of the Circuit come within the guidance of the Charity Commission legislation. b) The manses are included in the Balance Sheet, the figures used are Ihe agreed true and fair value of the 2 properties which are Bakewell £464,849 and Hathersage £366,432. TOTAL: £831,281. Also included is a property at Thornhill with an 8Stimated value of £396,960 giving an overall Fixed Asset valuation of £1,228,241. 2. Income - 2022123 2023124 Assessments 94,294 83,223 Bank, CFB Interest & Investment Income., _ Trust 13134 18 CF8 939 Trust 1114 Trust 14238 46 RBS DIA 100 Trust 907 14 CMTF Trust 2967 23 Trust 874 191 Plmv Income {23124) 31 1442 80 344 25 1120 7112 1927 12041 25 187 214 14425 212 82549 Other Receipts Lettings Stewardson Contributions Re Pioneer Minister Contributions Re YW Salary Other Income Basl¢)w Hire Fees & Rowsley Asset Sales Refund of Fees ReThomhill & Rowsley Sa18 of Thomhill & Rowsley Refund of Pension Reserve Fund Donation CPF Levy Refunds RE PVVW TOTALS 3900 19,786 11,279 200 1,045 2,315 308,620 3900 20,793 13,123 2.737 60 10,000 22,898 253,463 464,310
202212023 202312024 3. Expanditure - Ministerial Stipends Lay Worker Salaries Employers Nat. Ins Pension Contnbutions Preaching Fees Methodist Church Admin & Levy TOTAL 57,270 45,077 7,953 17,227 250 60,102 59,941 9,767 18,314 660 128,769 149,864 - Travel Costs TOTAL 132,419 152,063 Manse Costs - Council Tax Water Rates Insurance Re Manse & Circult Office Repairs 4,154 6,185 1,485 921 12,745 6,175 6,461 843 1,100 14,579 Administration Costs Manse & Office Telephone5 & Domain Name 1,977 Stationery 443 Postage 70 Ops Mgr LaptoplPIW Mgr Laptop 874 CPD/Get Messy 187 Photocopy Rental & Costs (10) TMCP Adrnin Costs 497 TOTAL 4,038 2,119 826 161 835 203 37 867/ 5,048/ Ministry Costs Thomhill Chapels Ins & Energy Costs PA T Testing Graveyard Grass Cutting Church & Other Quinquennialslsurveys Hospitality Supemumerary Away Day Prayer Handbooks (Net) Worship Leading Material Costs Re Sales of Manse & Churches Greal Longstone Church Costs: Rowsley MC CostslLitton Costs Baslow MC Costs Unrealised LosslGain on Trust 14238 Unrealised LosslGain on Trust 2967 Unrealised LosslGain on Trust 874 TOTAL 86 125 576 600 287 145 210 210 172 35 494 107 425 1,693 2,828 701 1,594 50 27 274 9,373 3,578 1,411 2,138 (31) (47) (478) 8,445 District Assessment 35,037 43,547/ Grants & Donation5 11,920 57,151¥
Levy on Church Salelmanse Sale PWW Costs 75,488 83,214 TOTALS OF ALL EXPENDITURE SECTIONS Stlpends, Salaries & Travel Costs Manse Costs Admin Costs Ministry Costs District Assessment Grants & Donations Levy on Church Sale PWW Costs 132,419 12.745 4,038 9,373 35,037 11,920 75,448 152,063 14,579 5,048 8,445 43,547 57,151 TOTALS 280,980 364,047 NET POSITION Income Expenditure Surplus 464,310 253,463 183,330 (110,584) True position re surplus for 2022123 is better stated as follows:. Profiusurplus as shown Less Net funds from property sales £183,330 £233 172 (£49,842) £14 425 (£64,267) Less FWW Funds still to be paid away True shortfall Explanation why the 2023124 shortfall of £110,S84 is higher than the projected shortfall of £68,000. In the original notes to my budget for last year a number of thlngs were specifically raised as not being taken into account. Projection PWW Manager Salary Contribution to PPRDE Costs - District Levy Increase Assessments rec'd after yle - Total £68,000 shortfall £20,819 £ 6,600 £ 7,350 (Higher balance in CMTF) £10 750 £113,519 shortlall
PEAK METHODIST CIRCUIT BALANCE SHEET AS AT 31ST AUGUST 2024 2022-23 2023-24 FIXED ASSETS Investment Properties (Manses) Thornhill Propertles 831,281 831.281 396 960 1,228.241 1,228,241 CURRENT ASSETS RBS Maln CIA & Deposit Alc CFB Maln Alc Circuit Model Trust Fund TMCP Trust 7335 TMCP Trust 1114 Martha Wllson Trust TMCP Trust 14238 Arthur Marsden Bequest TMCP Trust 907 Ex-Eyam School 51,339 34.831 9,673 203,851 91 1,668 477 2SO 591 294,629 91 1,637 453 Restrlcted Funds TMCP Trust 2967 Wilson Trust TMCP Trust 874 Peak Meth. Clrcult Peak Forest G/Yard 731 778 Nrf cuRREr ASSETS £368,618 £258,035 Other Assets Chatsworth Country Fair RBS Alc Chatsworth Country Fair CFB Alc 844 445 514 16 Thoynhill MCA Account TMCP Trust 13134 Surplus Funds 415 425
CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS PEAK METHODIST Circuit FOR THE YEAR ENDED 31 August 2024 SHEFFIELD District Circuit no 25113 Registered Charity- Charity Registration numb•r 1135656 If not a registered charity Hi8 Majesty's Rovonuo and Customs Gift Aid numb•r (The HMRC number is equivalent to a registered charity number in tems of evidenc8 of charitable status and may be used to give lo donors or grant funders wishing to see evidence of the organisation's charitable status. Melhodisl charities in England and Wales that are not registered charities are excepted from registration under Statutory Instrumenl 2014 No.242) Ministers.. REV JU LI E LErrs.QSUPERINTENDEN.T).................................................................................. Circuit Slewards.. Mrs Aline Danks Mr Torn Donoqh!!e Mr Malcolm Letts Mrs Heather Thomas Mrs Sheila Travis Treasurer.. Mr Malcolm Letts Peak Methodlst Clrcubt SFA a8 al 318t AthJust 2024 1015
ACCOUNTS FOR THE YEAR ENDED 31 August 2024 PEAK METHODIST Clrcult Lln. Clrcult strl¢ted Model Trust Restrlcted Fund$ Fund Funds Totals Ihls Totsls la•t year SECTION A a1 RECEIPTS a2 Assessmenushare 83,223 94 294 a3 a4 Ca ital recei ts Bank and CFB interest and Investment income 308,620 1,787 230 12,041 22,898 353 14,181 23,128 122,932 253,464 8,446 Grants Other receipts TOTAL RECEIPTS 122,932 208,172 52,950 464,310 44.939 353 a8 SECTION b1 b2 PAYMENTS stipènds, salaries, NIC, Pension and trav81 costs 149 864 149,884 14.579 5.048 132,419 12,745 4,038 35 037 b3 Manse Costs b4 Administration etc 840 27 b5 District Assessmenl 30,200 b6 Grants & donations 38,531 11 920 b7 on Manselchurch Sales b8 Other payments TOTAL PAYMENTS 93,302 310,746 93,302 383,491 9,022 280,629 bg 52,718 27 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR c1 a79 102 574 326 110,027 183,681 Totsl funds brou ht forward Irom18St ear 67,656 294 629 369 204 215286 Sub total c1+c2 34,918 286,850 398,967 Transfers and ad'ustments 83 302 302 556 c7 29,783 ¢5 TOTAL FUNDS AT END OF YEAR Ic3+c41 48,384 203,850 6,943 258,621 369,204 SECTION D FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS the8e amoun18 Should not be Included In total recel Ipaym•nts above) ht fomard from last d1 Balance brou eaT d2 Offerin OfferingslGifts a5sed to external organisations BALANCE STILL TO BE PAID d1+d2-d3 sIGifts - received for external Or anisations 3990 d3 3,990 d4 Pgak M¢thodlst Clrcu4tSFA as at 31stAugust 2024 2of5
PEAK METHODIST Clrcult SUMMAftY F CIRCUIT ACCOUNTS AND NTERNAL OROANISATION REPORTINO TO Th CIR UIT SECTION $4 Summary of th8 Circuit accounts for the year ended 31 August 2024 and Internal Organisatons repon to the Circuit Meet'ng. Nota that the funds ol an Intemgl Organisats'on vuld noallY be Restrictsd funds unless r( could be clearty shown that thay could be used for any Methodtst purpw. This se¢tion must be completed to arrive at the gr055 recaipts and payrnents totsl$ ofthè Circurt. Ir gr05s income excaads th8 Accruals thr8shdd of £250,CW, Ihan thg A¢¢rual$ rngthod of aOUnting AND A OIFFERENT FORM must u5•d to report th 4ccovn151588 Mathodi¥t Wgbsitg). Plea rrfer to lh• 9uidan not regarding transfers btho¢n the C1Ult and connxted Cifcuii Qfg8nisab"ons. INTERNAL ORGANISATION8 Net Receipt81 rnents Openmg nce8 Recei ents Ad u5trrnts Closi balar 103 Chatsworth Cou F4iT ¢.3 Mission in Brrtain 11X) e4 World Mis8#)n Fund 410 410 ¢7 Sub lot81 of Intem81 Ofg8n1$8tions lunds e% 6,•6• 17591 1.392 633 Clieult ie¢ounts Itotsls brought forw4rd from Pag• 2- to¢•ls column) CL) 263. 3,4•1 110.027 806 389,2¢14 2158,821 HELD BY CIRCUIT 268.384 389.150 110.786 666 370,696 259.264 Coniinu? on ? wparwe •heet rf nO¢e8ry and brino the lo1&16 forward TOTAL RECEIPTS TOTAL PAYMENTS SECTION F OPENING BALANCES CLOSINQ BALANCES CIRCUIT. CASH FUNDS HELO •t 31 Au ust 2024 Calh In har B8nk Curr•nt A¢¢ount onk l AnI 31 188 r4 Centrnl Flnan¢e Bcklr rru$lees l•r MelhcJiBt Church Pu 304,315 214,117 f6 Other fundl SU8 TOTAL 389.204 Ic61 268.621 Ic81 Total Tund8 held tsy Internal OFganwtiorA Ilhe closin b8Lqnce totals atpJwe le12 1,392 •11 833 •12 TOTAL CASH FLINDS HELD 8Y CIRCUIT 370,696 269,264 SECTION G Ai At OTHER ASSETS and LIABILITIES èw 2023 31Au ult 2024 ITNeBtm8nt8 Include End•[rt5 •?rJ Lil L8nd and Suildin 8ee not88 re Insurgnce w7lue 1 725 365 (Xher A69et8 Loan - arnount outstandin I[d Olmf 14 Include onty Funds ld al the Central Finance Board 15 Include onty CFB Funds heha al TruBtees foF MethList Church PUr)¥e 91 any olheT Inve5trnen15 Inol the cash ernenl of TMCP IfU5t a¢¢ounts this Imerted In lir ) Pwk SFA•F Dt 31fvAyrt2024 Jots
Name of Circuit- PEAK METHODIST CIRCUIT No 25113 Declarations and Scrutiny I confirm that these Receipt and Payment 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 the control of the Circuit meetina. Signature of treasurer Nam8 and address of treasurer Mr Malcolm Letts, The Manse, Oddfellows Road Hathersage, Hope Valley Post Code S32 1 DU Presentatlon to the Clrcult meetlng I confirm that the annual report and accounts for the year ended 31 August 2024 will be presented to the Circuit meeting held on Signature of the Chair of the meeting Name of the Chair of the meeting YLLK i É TTS Date Iq(qlz Independent Examiner's Report to the Trustees of the Peak Methodist Circuit Charlty Number 1136656 Responslbllitles and basls of report I report to the trustees on my examination of the accounts of the Peak Methodist Circuit for the year ended 31 August 2024 set out on pages 1 to 5 As the Circuit's trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the Act,) I report in respect of my examination of the Circuit's accounts carried out under section 145 of the Act and, in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. delete or circle as appropriate Peak Methc*Ji$l Clr¢urt SFA a8 at 316t Augu612024 4015
Name of Circuit - Peak Methodist Circuit No 25113 Independent ExamEnerfs Statement I have completed my examination. I confim that no material matters have come to my attention in connedion with the examination (other than that disclosed belo) which give me cause to believe that in, any material respect., the accounting records were not kept in accordance with section 130 of the Act; or the accounts do not accord wilh the accounting records. I have no concems 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. I have 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 independent examiner Name of independent examiner Relevant professional qualification of independent examlner Name of fim (where appropriate) IF ¢rAft ROOS I Address Post Code Date delete or circle as appropriate Peak Methodl81 Clr¢uit SFA as al 31gt AUgL1 2024 5of5
PEAK METHODIST CIRCUIT NOTES TO THE ACCOUNTS- YEAR TO 31 AUGUST 2024 The Peak Methodist Circuit forms part of the Methodist Connexion in Great Britsin and these accounts are prepared in accordance with the Constitution, Practice and Discipline of that Church. They confo to the Statement of Recommended Practice 'Accounting for Charities, dated 2015 and relevant accounting standards. 1. Accounting Policies a) The accounts of the Circuit come within the guidance of the Charity Commission legislation. b) The manses are included in the Balance Sheet, the figures used are Ihe agreed true and fair value of the 2 properties which are Bakewell £464,849 and Hathersage £366,432. TOTAL: £831,281. Also included is a property at Thornhill with an 8Stimated value of £396,960 giving an overall Fixed Asset valuation of £1,228,241. 2. Income - 2022123 2023124 Assessments 94,294 83,223 Bank, CFB Interest & Investment Income., _ Trust 13134 18 CF8 939 Trust 1114 Trust 14238 46 RBS DIA 100 Trust 907 14 CMTF Trust 2967 23 Trust 874 191 Plmv Income {23124) 31 1442 80 344 25 1120 7112 1927 12041 25 187 214 14425 212 82549 Other Receipts Lettings Stewardson Contributions Re Pioneer Minister Contributions Re YW Salary Other Income Basl¢)w Hire Fees & Rowsley Asset Sales Refund of Fees ReThomhill & Rowsley Sa18 of Thomhill & Rowsley Refund of Pension Reserve Fund Donation CPF Levy Refunds RE PVVW TOTALS 3900 19,786 11,279 200 1,045 2,315 308,620 3900 20,793 13,123 2.737 60 10,000 22,898 253,463 464,310
202212023 202312024 3. Expanditure - Ministerial Stipends Lay Worker Salaries Employers Nat. Ins Pension Contnbutions Preaching Fees Methodist Church Admin & Levy TOTAL 57,270 45,077 7,953 17,227 250 60,102 59,941 9,767 18,314 660 128,769 149,864 - Travel Costs TOTAL 132,419 152,063 Manse Costs - Council Tax Water Rates Insurance Re Manse & Circult Office Repairs 4,154 6,185 1,485 921 12,745 6,175 6,461 843 1,100 14,579 Administration Costs Manse & Office Telephone5 & Domain Name 1,977 Stationery 443 Postage 70 Ops Mgr LaptoplPIW Mgr Laptop 874 CPD/Get Messy 187 Photocopy Rental & Costs (10) TMCP Adrnin Costs 497 TOTAL 4,038 2,119 826 161 835 203 37 867/ 5,048/ Ministry Costs Thomhill Chapels Ins & Energy Costs PA T Testing Graveyard Grass Cutting Church & Other Quinquennialslsurveys Hospitality Supemumerary Away Day Prayer Handbooks (Net) Worship Leading Material Costs Re Sales of Manse & Churches Greal Longstone Church Costs: Rowsley MC CostslLitton Costs Baslow MC Costs Unrealised LosslGain on Trust 14238 Unrealised LosslGain on Trust 2967 Unrealised LosslGain on Trust 874 TOTAL 86 125 576 600 287 145 210 210 172 35 494 107 425 1,693 2,828 701 1,594 50 27 274 9,373 3,578 1,411 2,138 (31) (47) (478) 8,445 District Assessment 35,037 43,547/ Grants & Donation5 11,920 57,151¥
Levy on Church Salelmanse Sale PWW Costs 75,488 83,214 TOTALS OF ALL EXPENDITURE SECTIONS Stlpends, Salaries & Travel Costs Manse Costs Admin Costs Ministry Costs District Assessment Grants & Donations Levy on Church Sale PWW Costs 132,419 12.745 4,038 9,373 35,037 11,920 75,448 152,063 14,579 5,048 8,445 43,547 57,151 TOTALS 280,980 364,047 NET POSITION Income Expenditure Surplus 464,310 253,463 183,330 (110,584) True position re surplus for 2022123 is better stated as follows:. Profiusurplus as shown Less Net funds from property sales £183,330 £233 172 (£49,842) £14 425 (£64,267) Less FWW Funds still to be paid away True shortfall Explanation why the 2023124 shortfall of £110,S84 is higher than the projected shortfall of £68,000. In the original notes to my budget for last year a number of thlngs were specifically raised as not being taken into account. Projection PWW Manager Salary Contribution to PPRDE Costs - District Levy Increase Assessments rec'd after yle - Total £68,000 shortfall £20,819 £ 6,600 £ 7,350 (Higher balance in CMTF) £10 750 £113,519 shortlall
PEAK METHODIST CIRCUIT BALANCE SHEET AS AT 31ST AUGUST 2024 2022-23 2023-24 FIXED ASSETS Investment Properties (Manses) Thornhill Propertles 831,281 831.281 396 960 1,228.241 1,228,241 CURRENT ASSETS RBS Maln CIA & Deposit Alc CFB Maln Alc Circuit Model Trust Fund TMCP Trust 7335 TMCP Trust 1114 Martha Wllson Trust TMCP Trust 14238 Arthur Marsden Bequest TMCP Trust 907 Ex-Eyam School 51,339 34.831 9,673 203,851 91 1,668 477 2SO 591 294,629 91 1,637 453 Restrlcted Funds TMCP Trust 2967 Wilson Trust TMCP Trust 874 Peak Meth. Clrcult Peak Forest G/Yard 731 778 Nrf cuRREr ASSETS £368,618 £258,035 Other Assets Chatsworth Country Fair RBS Alc Chatsworth Country Fair CFB Alc 844 445 514 16 Thoynhill MCA Account TMCP Trust 13134 Surplus Funds 415 425