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
eX￿ptIOnal 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
a7￿9
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
$4
Summary of th8 Circuit accounts for the year ended 31 August 2024 and Internal Organisatons repo￿n￿ to the Circuit Meet'ng. Nota that the funds ol an
Intemgl Organisats'on *vuld no￿allY be Restrictsd funds unless r( could be clearty shown that thay could be used for any Methodtst purpw. This se¢tion
must be completed to arrive at the gr055 recaipts and payrnents totsl$ ofthè Circurt. Ir gr05s income excaads th8 Accruals thr8shdd of £250,CW, Ihan thg
A¢¢rual$ rngthod of a￿OUnting 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 C1￿Ult and connxted Cifcuii Qfg8nisab"ons.
INTERNAL
ORGANISATION8
Net Receipt81
rnents
Openmg
nce8
Recei
ents
Ad u5trr*nts
Closi
balar￿
103
Chatsworth Cou
F4iT
¢.3
Mission in Brrtain
11X)
e4
World Mis8#)n Fund
410
410
¢7
Sub lot81 of Intem81
Ofg8n1$8tions lunds
e%
6,•6•
17591
1.392
633
Clieult ie¢ounts Itotsls
brought forw4rd from
Pag• 2- to¢•ls column)
CL)
263.
3,4•1
110.027
806
389,2¢14
2158,821
HELD BY CIRCUIT
268.384
389.150
110.786
666
370,696
259.264
Coniinu? on ? wparwe
•heet rf nO¢e8￿ry and
brino the lo1&16 forward
TOTAL RECEIPTS
TOTAL
PAYMENTS
SECTION F
OPENING
BALANCES
CLOSINQ
BALANCES
CIRCUIT. CASH FUNDS HELO •t 31 Au
ust 2024
Calh In har
B8nk Curr•nt A¢¢ount
onk l A￿￿nI
31 188
r4
Centrnl Flnan¢e Bcklr
rru$lees l•r Melhc*JiBt 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 MethL*ist Church PUr￿)¥e
91 any olheT Inve5trnen15 Inol the cash e*rnenl of TMCP IfU5t a¢¢ounts this Imerted In lir* ￿)
Pwk SFA•F Dt 31*fvAyrt2024
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 AUgL￿1 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 cuRRE￿r 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
a7￿9
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
$4
Summary of th8 Circuit accounts for the year ended 31 August 2024 and Internal Organisatons repo￿n￿ to the Circuit Meet'ng. Nota that the funds ol an
Intemgl Organisats'on *vuld no￿allY be Restrictsd funds unless r( could be clearty shown that thay could be used for any Methodtst purpw. This se¢tion
must be completed to arrive at the gr055 recaipts and payrnents totsl$ ofthè Circurt. Ir gr05s income excaads th8 Accruals thr8shdd of £250,CW, Ihan thg
A¢¢rual$ rngthod of a￿OUnting 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 C1￿Ult and connxted Cifcuii Qfg8nisab"ons.
INTERNAL
ORGANISATION8
Net Receipt81
rnents
Openmg
nce8
Recei
ents
Ad u5trr*nts
Closi
balar￿
103
Chatsworth Cou
F4iT
¢.3
Mission in Brrtain
11X)
e4
World Mis8#)n Fund
410
410
¢7
Sub lot81 of Intem81
Ofg8n1$8tions lunds
e%
6,•6•
17591
1.392
633
Clieult ie¢ounts Itotsls
brought forw4rd from
Pag• 2- to¢•ls column)
CL)
263.
3,4•1
110.027
806
389,2¢14
2158,821
HELD BY CIRCUIT
268.384
389.150
110.786
666
370,696
259.264
Coniinu? on ? wparwe
•heet rf nO¢e8￿ry and
brino the lo1&16 forward
TOTAL RECEIPTS
TOTAL
PAYMENTS
SECTION F
OPENING
BALANCES
CLOSINQ
BALANCES
CIRCUIT. CASH FUNDS HELO •t 31 Au
ust 2024
Calh In har
B8nk Curr•nt A¢¢ount
onk l A￿￿nI
31 188
r4
Centrnl Flnan¢e Bcklr
rru$lees l•r Melhc*JiBt 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 MethL*ist Church PUr￿)¥e
91 any olheT Inve5trnen15 Inol the cash e*rnenl of TMCP IfU5t a¢¢ounts this Imerted In lir* ￿)
Pwk SFA•F Dt 31*fvAyrt2024
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 AUgL￿1 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 cuRRE￿r 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