Charity Number: 1137672
Bradford North Methodist Circuit
Trustees, Annual Report and Financial Statements
for the Year Ended 31 August 2024

Bradford North Methodist Circuit
Contents
Page
Charity Information
Report of the Trustee5....................................................................................................
Independent Examiner's Report.......................................................................................
Statement of Financial Activities......................................................................................
Balance Sheet....
Notes to the Financial Statements
io

Bradford North Methodist Circuit
Charity Information
Administrative Information
The Circuit was registered as a charity with the Charity Commission in England and Wales on
31 August 2010.
Circuit Number:
Charity Registration Number=
27132
1137672
The Circuit comprised the following 12 churches at 31 August 2024:
Allerton, Baildon, Bolton, Calverley, Christchurch LEP, Crag Road, Northcliffe LEP, Saltaire,
St Andrews {Undercliffe), Thackley, Thornton, Wilsden LEP. The Bradford North Circuit took control
of the Crag Road premises from April 2023 with the view to run as a Community Hub.
Superintendent Minister:
Rev. Philip Drake
Circuit Office
Baildon Methodist Church
Newton Way, Baildon
West Yorkshire BD17 5NH
Circuit Treasurer:
Clive Grimshaw
27 Killinghall Drive
Bradford
BD2 4RX
Trustees:
The Trustees who are the members of the Circuit Meeting are
listed in Note 15
Leadership Team:
Rev. Philip Drake
Rev. Nicholas Blundell
Rev. Christine Crabtree (Resigned 3110812024)
Rev. Joy Sykes (Appointed 01/0212024)
Rev. Lisa Quarmby (Appointed 0110912024)
Rev. Derek Hoe
Rev. Geoff Reid (Resigned 17106/2024)
Rev. Rob Drost
Rev. Pat Malham
Rev. Sarah Jemison
Mrs Clair Schofield
(Administrator)
Circuit stewards:
Mr Stuart Ayrton
Mr Clive Grimshaw
Mrs Jennifer Conroy
Mr Roger Butterfield
Mr Anthony Butterfield
Lay Employment Officer:
Vacant
Local Preachers. Secretary: Mr Stuart Ayrton
Property Officer:
Mr Ashley France
Safeguarding Officers:
Mrs Jean Morris (Resigned 31/0812024)
Mr Roger Morris (Resigned 3110812024)

Bradford North Methodist Circuit
Charity Information
Principal address:
Baildon Methodist Church
Newton Way
Baildon
Shipley
West Yorkshire
BD17 5NH
Bankers:
Barclays Bank UK PLC
Leicester
LE87 2BP
Solicitors:
Barton Legal Limited
12 New Road Side
Rawdon
Leeds
West Yorkshire
LS19 6HN
Independent Examiner:
Jessica Lawrence FCA CTA
Azets Audit Services Ltd
12 King Street
Leeds
LSI 2HL

Bradford North Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
structure, Governance and Management
The financial statements have been prepared in accordance with the accounting policies set out in
the notes to the financial statements and comply with the charity's governing document, the
Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their financial statements in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland.
The Governing Document: Deed Of Union (1932) and Methodist Church Act (1976)
Constituted..
Act of Parliament
Selection of Trustees:
Appointed by local churches and existing Trustees
Ministers are automatically Trustees
Structure:
Part of the Yorkshire West District of the Methodist Church
Accountable to the Methodist Conference
Risks:
Considered by the Leadership Team
Take professional Advice when required
Adopted Safeguarding Policy
The Trustees consider the key management personnel to be the Circuit Leadership Team which
consists of all ministers appointed to the Circuit, including supernumeraries, Circuit Stewards,
Treasurer, Property Officer, Safeguarding Officers, Local Preachers, Secretary and Circuit Lay
employees.
Objectives and Activities
The Bradford North Methodist Circuit has worked to the priorities set nationally by the Methodist
Church, in response to its understanding of its calling:
"The calling of the Methodist Church is."
to increase awareness of God's presence and to celebrate God s love.
to help people to grow and learn as Christians, through mutual support and care.
to be a good neighbour to people in need and to challenge injustice.
to make more followers of Jesus Christ.
Priorities for the Methodist Church=
In partnership with others wherever possible, the Methodist Church will concentrate its prayers,
resources, imagination and commitments."
to proclaim and affirm its conviction of Gods love in Christ, for us and for all the world,"
and
to renew confidence in God s presence and action in the world and in the Church.
As ways towards realising this priority, the Methodist Church will give particular attention to..
underpinning everything we do with God-centred w0￿h1p and prayer,.
supporting community development and action for justice, especially among the most
deprived and poor - in Britain and worldwide,"
developing confidence in evangelism and in the capacity to speak of God and faith in ways
that make sense to all involved,.
encouraging fresh ways of being Church,"
nurturing a culture in the Church which is people-centred and flexible.
The Bradford North Circuit works to enable the local churches which constitute the Circuit to fulfil
their mission and ministry, in the light of the above priorities.

Bradford North Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
When reviewing the aims and objectives of the charity and planning future activities the Trustees
have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public
benefit guidance published by the Charities Commission.
Achievements and Performance
In the last year we have:
continued work on a Circuit strategy document which was agreed by the Circuit Meeting in
March 2022, was reviewed in March 2023 & 2024 and will be further reviewed in March
2025;
welcomed a new Deacon, Joy Sykes, into the circuit, in February 2024, as part of a joint
appointment with the neighbouring Bradford South Circuit, and whose work focuses on the
developing circuit project at Crag Road- established a regular cross-circuit meeting to
support this joint venture.
made preparations to receive a new Presbyter, Rev Lisa Quarmby, into the circuit, in
September 2024; and for the Rev Nick Blundell to continue in the circuit, changing from a
full time to part time from September 2024;
received a newly trained Local Preacher onto full plan, and presented long service awards
to three Local Preachers at a Circuit Service in November 2023.
encouraged churches to support a new circuit 'Second mile. project, BEACON (Bradford
Ecumenical Asylum Concern), which was agreed at the Circuit Meeting in March 2024,
setting in place plans to welcome its Chair of Trustees, Rev Sarah Jemison, to speak at the
Circuit Meeting in September 2024, and to lead an afternoon introductory session to the
work of BEACON in October 2024;
implemented the Circuit Project based at the premises of the former Crag Road church
(which closed in April 2023); Crag is an area with significant elements of deprivation;
established a Management and Development group to oversee the work- engaged with
other organisations to begin to create community partnerships for the work at Crag-
completed the sale of the premises at Haworth Road, following the closure of the church.
continued to review Circuit property, including manses, with reference to long-term viability
and ecological consequence.
explored ways of working with circuit churches to introduce or improve digital resources,
including projection facilities and broadband, allocating funding for this purpose.
explored ways of supporting circuit churches to make environmental improvements to their
buildings, with a proposal to be brought to the Circuit Meeting in March 2025; supported
two churches to make applications to the District Emergency Climate Fund to further work
on sustainability-
supported our circuit prayer network, linking and resourcing the diverse activities of our
churches.
continued to produce weekly worship material (online and posted out) to support those
who could not get to services, or who are housebound.
explored ways of replacing the retiring circuit safeguarding officers including the possibility
of creating a paid post for this purpose, thus making our churches safer and more
welcoming communities;
continued to offer Creating Safer Space training for over 70 people in the circuit; and, with
the help of outside facilitation, delivered a workshop on Domestic Abuse. adopted a
Domestic Abuse policy for the circuit;
instigated Connexional training module on Equality, Diversity and Inclusion, with the
participation of circuit and church officers;
held a further joint meeting of the Circuit Leadership Teams of the Bradford North and
Bradford South Circuits, with the aim of looking at future possibilities for increased
cooperation.
cooperated with the Yorkshire West District and neighbouring circuits in making plans in
readiness for Bradford's City of Culture celebrations in 2025, including an exhibition of
works from the Methodist Modern Art Collection.
continued to develop our relationship with Bradford South Circuit, through support of the
ministry of Rev Andrew Stead in the city centre (St Arnold's);
supported the provision of facilities for a listening and counselling service at Touchstone,
through renewal of a grant from the circuit;
supported the ecumenical work of Churches Together groups, including the hosting of a
debt worker at one of the circuit churches-

Bradford North Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
Achievements and Performance (continued)
continued to support local leadership teams in a significant number of churches;
monitored our method of determining local church financial contributions to the work of the
circuit;
continued with a system of yearly review to ensure that churches and circuit remain GDPR
compliant; and
enabled three local ecumenical partnerships in the circuit to continue their work while
reflecting on future challenges and possibilities.
Future Plans
Challenges moving forward continue to include developing team ministry in such ways that local
lay leadership and ministries are supported and enabled to develop, and working with local churches
to determine, and put into practice, a realistic long-term strategy for best use of resources for
ministry and mission to the communities of North Bradford. This will be done in alignment with the
objectives laid out in the Circuit Strategy document, and through ongoing review of future ministry
needs.
Financial Review
The Statement of Financial Activities shows net income for the year, before other recognised gains,
of £200,197 (2023 net expenditure of £165,450) after grants paid of £nil (Note 5 to the financial
statements). The total reserves at 31 August 2024 stand at £2, 175,313 (2023: £1,973,983). The
Trustees consider the financial position to be satisfactory.
Principal Funding Sources
Principal funding sources for the year to 31 August 2024 are the Assessments received from the
twelve churches within the Circuit. The principal expenditure was the salary costs of the three
Ministers, one Deacon and two lay staff employed by the Circuit.
Reserves Policy
The Trustees have established a policy whereby the unrestritted funds not committed or invested
in tangible fixed assets ('the free reserves,) held by the Circuit are six months of expenditure
amounting to £221,716 for the year ended 31 August 2024. At 31 August 2024 the free reserves
amounted to £916,001 (2023: £710,178) thus above this target. The reserves policy will be
reviewed annually.
Fundraising
We strive to achieve the highest fundraising standards, and we value our supportive funders.
We stay up to date with developments in charity regulation, data protection and the Fundraising
Preference Service (FPS) to make sure we are legally compliant and adhering to all guidelines. We
follow the Institute of Fundraising's Code of Practice. No complaints about fundraising were received
during the year.

Bradford North Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
Trustees. Responsibilities
The charity Trustees are responsible for preparing a Trustees. annual report and financial
statements in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Circuit Meeting to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the
Charity and of the net income or net expenditure of the Charity for that period. In preparing those
financial statements, the Circuit Meeting has:
selected suitable accounting policies and applied them consistently;
observed the methods and principles in the applicable Charities SORP-
made judgements and estimates that are reasonable and prudent-
stated whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements; and
prepared the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
The Circuit Meeting is responsible for keeping records which disclose with reasonable accuracy at
any time the financial position of the charity and to enable them to ensure that the financial
statements comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports)
Regulations.
It is also responsible for safeguarding the assets of the charity and hence for taking steps for the
prevention and detection of fraud and other irregularities.
Approved on 13th March 2025 and signed on behalf of the Circuit by:
PW )rAk&-
Rev. Philip Drake
Superintendent Minister

Bradford North Methodist Circuit
Independent Examiner's Report to the Trustees of Bradford North
Methodist Circuit
I report on the financial statements of Bradford North Methodist Circuit for the year ended
31 August 2024.
Responsibilities and basis of report
As the charity Trustees you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Act 2011 ('the Art,).
I report in respect of my examination of the charity's accounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given by
the Charity commission under section 145(5)(b) of the Att.
This report, including my statement, has been prepared for and only for the charity's trustees as a
body. My work has been undertaken so that I might state to the charity's trustees those matters I
am required to state to them in an independent examiner's report and for no other purpose. To the
fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
charity and the charity's trustees as a body for my examination work, for this report, or for the
statements I have made.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination
because I am a member of Institute of Chartered Accountants in England and Wales, which is one
of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention
in connection with the examination giving me cause to believe that in any material respect..
l. accounting records were not kept in respect of the charity as required by section 130 of
the Act. or
2. the accounts do not accord with those records. or
3. the accounts do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008
other than any requirement that the accounts give a true and fair view which is not a
matter considered as part of an independent examination.
I 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.
J655i6L7 LL7kvf6P766
Jessica Lawrence FCA CTA
Azets Audit Services Ltd
12 King Street
Leeds
LSI 2HL
1610412025

Bradford North Methodist Circuit
Statement of Financial Activities for the Year Ended 31 August 2024
General Circuit Model Restricted Endowment
Fund
Trust Fund
Funds
Funds
{Unrestricted) (Unrestricted)
2024
Total
2023
Totsl
Note
Income from:
Donations and legacies
Donations
600
600
600
Assessment or Share
242.742
242,742
351,276
235,163
Sale of chapel
Charitable artivities
351.276
Grant5
12,688
13.481
643
12,688
35,679
643
Investment Income
21.482
710
23,558
1,792
261,113
Other income
Total income
270,154
372,758
710
643,628
Expenditure on:
Charitable Artivities
stipends and staff costs
District Assessment
Admin, insurance, professional
telephone and travel
138.146
53.340
29,000
167,146
53,340
171,525
50,320
39.793
59.088
38
98,919
105,739
15,934
45.945
31,034
721
15,934
45,945
57,142
721
21,330
4,874
38,627
790
Maintenance on manses
Expenditure on other Circuit property
Depreciation
other expenditure
Grants and donations
25,008
i.ioo
4.284
4,284
2,858
30,500
426,563
Total expenditure
329.197
113,096
1,138
443,431
Net {expenditure)/income before
other reco
nised
ains
Realised and unrealised gains on
investments
Transfers between funds
(59.043)
259.662
(428)
200,197 {165,450)
1.133
1,133
(650)
(5.016)
(64.059)
5.000
265,795
16
Net movement in funds
(428)
22
201,330 (166,100)
Funds brought forward
Funds carried forward
1,593,409
1,529,350
367,240
633,035
13,234
12,806
100 1,973,983 2,140,083
122 2,175,313 1,973,983
A comparative Statement of Financial Activities for the year ended 31 August 2023 is shown in Note 16.
There were no recognised gains and losses for 2024 and 2023 other than those included in the Statement of
Financial Activities.
The notes on pages 10 to 21 form part of these financial statements.

Bradford North Methodist Circuit
Balance Sheet as at 31 August 2024
General Fund Circuit Model Restricted Endowment
(Unrestricted)
Trust Fund
Funds
Funds
(Unrestricted)
Total
Funds
2024
Total
Funds
2023
Note
Fixed assets:
Tangible assets
Listed Investments
Long Term Loan
1,230,605
1,230,605 1,225,825
15,779
14,646
10,000
1,246,384 1,250,471
15,779
1,230,605
15,779
Current assets:
Debtors
Cash deposits
Cash at bank and in
hand
14,665
302,072
14,665
122 964,656
20,488
643,729
649,656
12,806
33,280
33,280
141,806
350,017
649,656
12,806
122 1,012,601
806,023
Creditors: Amounts
falling
due within one year
Net current assets
Creditors: Amounts
falling due after more than
one year
Total net assets
io
(51,272)
(22,000)
(73,272) (58,711)
298,745
627,656
12,806
122 939,329
747,312
io
(10,400)
(10,400) (23,800)
1,529,350
633,035
12,806
122 2,175,313 1,973,983
Funds of the Circuit
General Fund
11/12
Circuit Model Trust Fund 11/12
Total Unrestricted Funds
Restricted Funds
1,529,350
1,529,350 1,593,409
633,035
367,240
2,162,385 1,960,649
12,806
13,234
122
loo
633,035
633,035
1,529,350
11/12
11/12
11112
12,806
Endowment Funds
Total Funds
122
1,529,350
633,035
12,806
122 2,175,313 1,973,983
The notes on pages 10 to 21 form part of these financial statements.
These financial statements were approved by the board of Trustees on 13th March 2025 and signed on its behalf.
k&&*rèrtJ pkl¥p/ )rA
Rev Philip Drake
Superintendent Minister and Chair of Trustees

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty
in the preparation of the financial statements are as follows:
Charity information
Bradford North Methodist Circuit is a charitable trust registered with the Charity Commission in
England and Wales under the registered number 1137672. The principal address is Baildon
Methodist Church, Newton Way, Baildon, Shipley, BD17 5NH.
Basis of preparation of Financial Statements
The financial statements have been prepared in accordance with the Statement of Recommended
Practice- Accounting and Reporting by Charities preparing their financial statements in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and
the Charities Act 2011 and UK Generally Accepted Practice as it applies from l January 2019.
Bradford North 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 in the relevant accounting policy.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £1.
Going concern
The Trustees have prepared financial projections, taking into consideration the current economic
climate and its potential impact on the sources of income and planned expenditure. They have a
reasonable expectation that adequate financial resources are available to enable the charity to
continue in operational existence for the foreseeable future and have adequate contingency plans
in the event that income streams are reduced. The charity still has reserves sufficient to meet its
immediate requirements. Consequently, the financial statements have therefore been prepared on
the basis that the charity is a going concern.
Bradford North Methodist Circuit meets the definition of a public benefit entity under FRS 102.
Funds
The funds held constitute-
General Funds held for any purpose of the Circuit which are unrestricted. The Circuit Model Trust
Fund has wide purposes defined in Standing Orders and is categorised as unrestricted.
Restricted funds represent grants, donations and legacies received which are allocated by the donor
for a particular project or activity.
Endowment funds represent gifts, the capital normally being unavailable for spending, and the
income from which is either restricted or unrestricted.
Details of each material fund are disclosed in the notes to these Financial Statements.
io

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
Accounting Policies (continued)
Income
Income represents all income which becomes available to the charity but excludes gains on
investments. Grants and donations are recognisable when the charity becomes entitled to receive
the funds, when it is probable that the funds will be received and that they can be measured with
sufficient accuracy. Investment income is recognised on an accruals basis and comprises of interest
receivable during the accounting period.
Sale proceeds from the sale of assets not previously capitalised are shown net of the property levy
where there is no replacement scheme for those assets.
Expenditure
Expenditure is recognised in the period in which it is incurred and includes attributable VAT which
cannot be recovered.
Charitable expenditure comprises those costs incurred by the charity in the deliverance of its
activities and services for its beneficiaries. It includes both costs that can be directly allocated to
such activities and those costs of an indirert nature necessary to support them.
Support costs include those costs incurred in supporting the work of the charity.
Liability recognition
Liabilities are recognised as soon as there is a legal or construrtive obligation committing the Circuit
to pay out resources.
Tangible fixed assets for use by the Circuit
A tangible fixed asset is capitalised where the cost of an individual asset is £1,000 or more.
The Circuit Meeting has provided a reasonable estimate of the buildi ngs. cu rrent value to the circuit.
It is the circuit's policy to revalue its buildings on a regular basis. Contents are included in the
valuation of each property accordingly no depreciation is provided on freehold property. The
Trustees consider the carrying value of the freehold land and buildings to be materially equivalent
to the carrying value.
Depreciation rates are as follows:
Manses, furniture and fittings
Equipment
At valuation
25 % straight-line basis
Transfer of church buildings into the circuit
Where a church building that is no longer under the stewardship of the church but where
responsibility for stewardship has been transferred to the circuit following the closure of the church,
the following accounting policy will be adopted. The property will be included as a current asset net
of any levy and included in income where an acceptable offer has been made for the building during
the accounting period and the sale ha5 been crystallised after the year end.
Investments
Investments are valued in the balance sheet at market value at the year end. Investment income
is included in the accounts when receivable and any gains or losses on revaluation at the year end
are shown in the SOFA.
Deposit Funds, such as TIF (Trustee Interest Fund) held via Trustees for Methodist Church Purposes
and the Central Finance Board are shown separately from Cash and Bank in the Balance Sheet.
li

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
Accounting Policies (continued)
Financial Instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
Debtors and prepayments
Debtors are recognised at the settlement amount due. Prepayments are valued at the amount
prepaid net of any discounts due.
Creditors, loans, provisions and grants payable
Creditors, loans and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfers of funds to a third party and the amount
due to settle the obligation can be measured or estimated reliably. Creditors and provisions are
normally recognised at their settlement value after allowing for any discounts which may be due.
Grants
Grants payable are commitments (including payments) made to third parties in the furtherance of
the charitable objectives of the charity. Single or multi-year grants are accounted for as grants
payable when either the recipient has a reasonable expertation that they will receive a grant and
the Trustees have agreed to pay the grant without condition, or the recipient has a reasonable
expectation that they will receive a grant and any condition attaching to the grant is outside the
control of the charity.
Grants to local churches for property schemes and other purposes are accounted for as liabilities
when they receive formal approval by the Circuit Meeting. On some occasions the Circuit Meeting
will be asked to indicate whether it would approve a property development or building of a new
church when the project is still at a development stage and other partners are still being consulted.
The Circuit Meeting usually indicates that it would support the investment of the proceeds of sale
of any related properties and how much it would be prepared to give in addition. Such amounts
are not considered to be binding obligations on the Circuit until such time as a formal scheme is
brought forwarded and approved by the Circuit Meeting.
Financial liabilities are only derecognised when, and only when, the charity's obligations are
discharged, cancelled or they expire.
Pensions and staff costs
The charity makes payments to the Methodist Ministers. Pension Scheme (MMPS) which is a defined
benefit5 scheme operated by The Methodist Church. The Circuit accounts for contributions paid by
circuit as defined contribution scheme as the defined benefit lability is that of the Methodist Church
not the Circu it.
Taxation
Bradford North Methodist Circuit is a registered charity and as such is potentially entitled to tax
exemption under Settion 256 of the Taxation of Chargeable Gains Act 1992 in respect of income
and gains arising.
12

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
Accounting Policies (continued)
Critical Accounting Estimates and Judgements
In the application of the charity's accounting policies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that
are not readily apparent from other sources. The estimates and associated assumptions are based
on historical experience and other factors that are considered to be relevant. Actual results may
differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis.
Revisions to
accounting estimates are recognised in the period in which the estimates are revised, if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
There are no estimates or assumptions that have a significant risk of causing a material adjustment
to the carrying amount of assets and liabilities.
Minister and Lay Staff Information
The average number of clergy and lay staff analysed by function was:
2024
2023
Clergy
La staff
Ministers and lay staff costs during the year were as follows:
Lay
staff
2024
Lay
staff
2023
Cleryy
2024
Total
2024
Clergy
2023
Total
2023
Wages and salaries
Social secu rity costs
Pension costs
99,076
9,541
29,488 128,564
1,558
11,099
97,626
9,291
35,446 133,072
2,016
11,307
134 331
32 815 167 146
132 270
39 255 171 525
No employee earned £60,000 or more during the year (2023: no employee).
The charity considers its key management personnel to be the Circuit Leadership Team as set out
on page l. The remuneration of the Circuit Ministers (clergy) and Lay staff are set out above with
further details set out in Note 13. No other members of the Circuit Leadership Team receive
remuneration from the Circuit.
13

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
Trustees. Remuneration and Trustees. Expenses
There were no expenses paid to Trustees during the year other than those referred to in Note 13.
All salaried ministers, expenses were incurred in carrying out their roles as ministers.
Information on amounts paid to Trustees is included in Note 13.
Net Expenditure
This is Stated after charging:
2024
2023
Independent examination fee (including non-recoverable VAT)
De
reciation
2,820
721
2,580
790
Grant Expenditure
Commitments Commitments
Paid in Commitments
unpaid as at i
made in 202312024
unpaid as at
September
2023/2024
31 August
2023
2024
Oryanisation
Touchstone
Christians Against Poverty
Debt Agency Grant (3 years)
Bradford South City Centre
St Arnolds {3 years)
Chaplaincy Grant {3 years)
16,200
15,000
(5,400)
(5,000)
10,800
10,000
6,000
3,200
(3,000)
3,000
3,200
40,400
(13,400)
27,000
14

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
6. Tangible Fixed Assets
Property
(Manses and
internal
contents)
Office
equipment
Total
Valuation:
As at I September 2023
Additions
Disposals
At 31 August 2024
1,225,000
17,093
5,501
(4,794)
1,242,093
5,501
(4,794)
1 242 801
1 225 000
Depreciation:
As at I September 2023
Charge for year
On disposals
At 31 August 2024
16,268
721
16,268
721
(4,794)
(4,794)
Net book value=
At 31 August 2024
At 31 August 2023
1 225 000
1 230 605
1 225 000
825
1 225 825
The historical cost of tangible fixed assets was £1,015,348 (2023 £1,015,348)
Investments
Market value at 31 August 2023
Realised
ain on investment
Market Value at 31 Au
ust 2024
14,646
15,779
Investments include unitised funds held in the Managed Mixed Fund administered by the Central
Finance Board of the Methodist Church.
The historical cost of investments held at market value was £7,918 (2023 - £7,918).
Long Term Loan
2024
2023
Loan to Yorkshire West Methodist District
10,000
Debtors: Amounts Falling Due Within One Year
2024
2023
Pre
a ments and other debtors
15

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
io.
Creditors: Amounts Falling Due Within One Year
2024
2023
Assessments in advance
Grants payable (Note 5)
Creditors and accruals
46,828
16,600
32,995
16,600
Creditors: Amounts Falling Due Over One Year
2024
2023
Grants
able
Note 5
11. Movement in Funds
Balance
I September
2023
Balance
Gains 31 August
2024
Current year
Income Expenditure Transfers
Unrestricted funds:
General Funds
Circuit Model Trust Fund
Total unrestricted funds
1,593,409
367,240
1,960,649
270,154
372,758
642,912
(329,197) (5,016)
(113,096)
5,000
(442,293)
(16)
1,529,350
633,035
2,162,385
1,133
1,133
Restricted funds:
Mabel Goldsbrough
Bequest
Trust 17586 Various
Bequests
Total restricted funds
6,299
335
(1,118)
5,516
6,935
375
(20)
7,290
710
Permanent Endowment:
Edwin Robinson Bequest
Total funds
loo
16
122
1.973,983
643,628 (443,431)
1,133 2,175,313
Restricted funds:
Mabel Goldsbrough Bequest is for the upkeep and maintenance of the Circuit's Croft Street Cemetery.
16

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
11. Movement in Funds (continued)
Balance
I September
2022
Balance
Gains 31 August
2023
Prior Year
Income Expenditure Transfers
Unrestricted funds:
General Funds
Circuit Model Trust Fund
Total unrestricted funds
1,640,801
485 251
2,126,052
246,074
(308,878)
116 546
(425,424)
15,412
1,593,409
367 240
1,960,649
650
(650)
260,671
Restricted funds:
Mabel Goldsbrough
Bequest
Trust 17586 Various
Bequests
Total restricted funds
7,193
226
(1,120)
6,299
6,738
216
(19)
6,935
13,931
442
13,234
Permanent Endowment:
Edwin Robinson Bequest
Total funds
loo
loo
2,140,083
261,113 (426,563)
{650) 1,973,983
12. Analysis of Net Assets by Fund
Current Year
Unrestricted
funds
Restricted
funds
Endowment
funds Total funds
Tangible fixed assets
Listed Investments
Net current assets
Creditors over l ear
1,230,605
15,779
926,401
1,230,605
15,779
939,329
12,806
122
2 162 385
122
2 175 313
Prior Year
Unrestricted
funds
Restricted
funds
Endowment
funds Total funds
Tangible fixed assets
Listed Investments
Long term loan
Net current assets
Creditors over I
ear
1,225,825
14,646
10,000
733,978
1,225,825
14,646
10,000
747,312
13,234
loo
1 960 649
loo
1 973 983
17

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
13. Related Party Transactions
Ministers
Stipends and allowances for presbyters and deacons (collectively ministers) are set annually by the
Methodist Conference, and the Circuit is responsible for meeting those costs for all ministers
appointed by the Conference to the Circuit.
The following ministers received the basic stipend of £29,040 (2023: £26,928)
Rev N Blundell
Rev P Drake
Rev C Crabtree
Deacon J Sykes was employed from February 2024 at 500/0 and received the basic stipend of
£8,470. In the prior year Deacon M Evans was employed at 50 % and received the basic stipend
of £13,464.
Ministers and Deacons are provided living accommodation as required by the church's Standing
Orders.
In addition to the basic stipend the following Connexionally agreed additional allowances were paid:
Rev P Drake: Superintendent Minister's allowance of £2,904 (2023: £2,693).
Lay employees
The following members of the Circuit Meeting are also employees of the Circuit and are in receipt
of salaries for the work they undertake in the capacities indicated. They do not receive payment
for acting as Trustees:
Name
Position
2024
2023
Clair Schofield
Laura Tunnacliffe
Administrator
Children's Ministry Enabler
(resigned March 2023)
Finance Officer (resigned
December 2022)
Finance Officer (appointed March
2023
18,694
19,176
8,905
Louise Rouse
4,423
Clive Grimshaw
other related party transactions
Ashley France who is a Trustee of the circuit, is a chartered surveyor employed by Batty France,
chartered quantity surveyors. Batty France provided professional services totalling £22,548 (2023:
£18,789) to the circuit during the year in relation to a number of properties held by the charity.
There was £nil outstanding balance to Batty France at 31 August 2024 (2023- £nil).
18

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
14. Pension Schemes
The charity makes payments to the Methodist Ministers. Pension Scheme (MMPS) which is a defined
benefit scheme. The Circuit accounts for contributions paid to the scheme as if the scheme were a
defined contribution scheme and amounts are recognised in the income statement. The Circuit is
not a participating employer in the scheme and the liability sits with the Methodist Church. The
circuit contributes 26.90/0 (2023- 26.90/0) of ministers, stipends which are paid by the Methodist
Church.
The cost of the pension scheme to the circuit for the year ended 31 August 2024 was £25,714
(2023: £25,353). At the 31 August 2024 £1,545 was prepaid in respect of the scheme (2023:
£1,953).
Two of the Lay Employees are members of The Pensions Trust, which is a defined contribution
scheme. The cost of the pension scheme to the circuit for the year ended 31 August 2024 was
£1,769 (2023: £1,793).
15. Trustees
The following Trustees have held office since I September 2023:
David O'Loan
Janet Bell
Stuart Ayrton
Rev. Nick Blundell
Linda Bairstow
Geoffrey Briggs
Martin Bashforth
Roger Butterfield
Tim Billingsley
June Carter
Anthony Butterfield
Jennifer Conroy
Margaret Isaac (appointed 14/0912023)
John Denton
Rev. Christine Crabtree (resigned 31108/2024) Rev. Philip Drake
Ian Dobson
Carol Whitrick
Sheila Dunn
Clive Grimshaw
Ashley France
Janet Harper (resigned 3110812024)
Alun Griffiths
Judith Herne
Nigel Hainsworth
Diana Hogg
Rev. Derek Hoe
Helen Hoyle
David Hogg
Peter Jackson
Dee Kesler
Laurence Mann
Rev. Pat Malham
Colleen Middleton
Jean Morris (resigned 31108/2024)
Roger Morris (resigned 31/0812024)
jeremy Parker
Rev. Geoff Reid (resigned 1710612024)
Rev. Sarah Jemison
Norman Roper
Joyce Rossington
Deacon Joy Sykes (appointed 01/0212024)
Rev. Rob Drost
John Watmough
Clair Schofield
Heather Ayrton
Allan Barker
19

Bradford North Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August
2024
16. Comparative Statement of Financial Activities for the Year Ended 31 August 2023
General Circuit Model Restrirted Endowment
Fund
Trust Fund
Funds
Funds
(Unrestricted) (Unrestricted)
2023
Total
Income from:
Donations and legacies
Donations
600
600
Assessment or Share
235,163
235,163
Charitable activities
Transfer from circuit church
Investment Income
8.519
1.792
246,074
14,597
442
23,558
1,792
261,113
other income
Total income
14.597
442
Expenditure on:
Charitable Activities
Stipends and staff costs
District Assessment
Admin, insurance. professional telephone and
travel
utilities
117,525
50,320
54,000
171,525
50,320
73,654
32,046
39
105.739
21.330
4.874
37.527
790
21,330
4,874
38,627
790
Maintenance on manses
Expenditure on other Circuit property
Depreciation
other expenditure
Grants and donations
i.ioo
2.858
2,858
30,500
426,563
30.500
116,546
Total expenditure
308.878
1,139
Net (expenditure) before other
reco
nised
ains
(62.804)
(101,949)
(697)
{ 165,450)
Realised and unrealised gains on investments
Transfers between funds
(650)
(15.412)
{118,011)
(650)
15,412
(47.392)
Net movement in funds
(697)
{166, 100)
Funds brought forward
Funds carried forward
1,640,801
1,593,409
485,251
367,240
13,931
13,234
100 2,140,083
100 1,973,983
20