2020-08-31-accounts

ROSSENDALE METHODIST CIRCUIT

Trustees’ Annual report

Circuit Reserves Policy

Year ended 31 August 2020

This document includes all funds held by the Circuit Meeting as charity trustees.

Our reserves policy relates to our general (unrestricted) funds which are freely available to be used for all or any of the purposes of the Circuit.

Other funds are also included for the sake of clarity and openness and to show that the Circuit has a policy for the management of all its money and not simply those which are identified as reserves.

Aims

Our aims are twofold:

• 1) To secure and sustain the Circuit’s viability and future at a time when we have seen a reduction in the number of Presbyters in Rossendale and a significant decline in the number of Presbyters available for Stationing

• 2) To give reassurance to the general public that the Circuit, which is a charity, intends to use all the money coming into its care for the purposes of the Charity.

3 Step Process

(1) Mission policy

The Circuit’s Mission policy is set out in a separate document and has been approved by the Circuit Meeting (as the charity trustees).

Essentially, it provides for:-

(a) The ministerial oversight and pastoral care of the 7 local churches in the circuit. (1 of the churches subsequently closed with effect from 1[st] September 2020, reducing the number to 6). (b) The support of a ministry team of 1 Presbyter minister, (he is supported by one supernumerary), and 2 part time lay workers .

(c) The maintenance of the 2 Circuit manses, one of which is let (from 10/09/2016).

(2) Financial Plans

The Circuit assessment is reviewed annually and covers the costs of 1 (a) (b) and (c) above and is based on offers from each church towards a share of the total costs. This has been supplemented since 1[st] September 2016 by the saving made by not employing another Presbyter, as well as income from the manse which is let for £750 per month.

The Circuit Fund (unrestricted general fund) balance at year end was £53,133. The Circuit also has unrestricted trust funds available of £20,540 which means total available funds of £73,673

Under Standing Orders, the Circuit must meet its financial obligations in relation to the support of its ministers and the maintenance of the manses. The total cost for the last financial year was £102,509. The cost for employing 2 lay staff is met by savings from only having a single Presbyter.

Whilst our reserves policy is to try and hold at least six months’ expenditure in hand, we have a budget set which is broadly neutral in that the anticipated expenditure is matched by the estimated income and as such we always have sufficient funds in hand to meet any unexpected calls on our reserves. This is our Operational Continuity Reserve" – OCR.

Circuit Model Trust Fund (Restricted fund) balance at year end was £30,358. This fund derives from sales of chapels and manses and is restricted by the Conference. This restriction is an internal regulation though the fund can be used for a variety of purposes. The Circuit

has in place a Circuit grant scheme for Church who can apply to the CMTF for grants of up to £3,000. The total amount available in any one year has been limited to £5,000.

(3) Reserves Policy

The Charity Commissioners have agreed that it is appropriate for the trustees to set a policy for the management of this fund and that that policy is set out below:-

Money held in the CMTF has been earmarked by the trustees for the following purposes:-

• £10,000 for general Circuit purposes

• The Circuit has committed to maintain all 7 Churches in the Circuit but has also stated a clear objective of Making Jesus Known . Thus, the priorities are not simply to maintain at all costs but rather to maintain Churches so that they can make Jesus known in all areas of Rossendale. Therefore, the very limited resources of the advance funds are targeted at activities which seek to Make Jesus Known and interact with the local communities. The funds will support projects[1] which: o offer the Good News of Jesus;

• encourage bold ventures where churches seek to deepen discipleship.

£0 was paid out at during the year for general Circuit Purposes, but the trustees believe it is likely that most of these funds will be required within the foreseeable future.

1 Note that applications must also meet the priorities of the Methodist Church and Our Calling.

Rossendale M•thodl$t Clrcult Recelpts and payments Account- Yoar ended 31st August 2020 2020 2019 Rocelpt8 Assessments Investment income (Note 1) Rent Received Estate Agents Commission Sundry items (Note 2) Grfl Aid Donations I lax recovered 100,487 486 9.01)) -1,168 1.283 1.740 111.828 98,549 533 9,000 -1,124 560 1.498 109,016 Payment8 Stipends Rel1￿ment fund National insLtran¢e Apprenticeship L8V V8hide and travel all¢)wance8 Pulpit suppl18$ Telephone & broadband District assessment Manse repairs and maintenarte (Note 3) Other Manse costs INolg 41 Other sundry payrnenls (Note 61 Grants lo Connexional and other Funds {Nole 5) Prlnllng, stallonery and computer supplies 51.448 6.7Cw) 3.713 267 3.740 47.118 8.034 2,992 365 6,835 475 914 19.032 771 4,265 3.791 1,250 1.692 729 20.080 2,8 4.491 5.076 1,476 1.748 102,509 97.533 Surplus {daficltl for the yoar £9,319 £11,483 Balancgs at •tart of year 43.814 32,331 Balanc￿ at end of year 53.133 43,814 Summary of Cash Fund$ Held CF8 - current CFB - deF>osiI Bar¢lays Clrcult Trips Account 31.254 3.100 17,738 1,041 53,133 27.092 3,075 13,233 414 43,814 TMCP Funds Circuit Model Trust Furvj Other Trust Funds 30.358 20,540 50.898 31.058 20.758 51.816 Total Clr¢uit Funds 104,031 95,630

Rossendah M•thodlst Clrcult R•c•lpts and p•ym•nts Account- Yw•nd•d 31st August 2020 2020 2019 1 InNpstsnent Income Surplu5 Fund Trust 9276 J T Hoyle Tfu5t 471c Deposit wrth Meihodlst C4ntr81 FinarrR Board Eden, proceeds ol sale, Trust 16123 PrOvId￿¢￿ Gr8veyard Try￿t 14616 Surplus fwd Tnjst 9382 197 298 211 134 33 41 £486 £533 2 Sundry re¢•lpt# Miscellaneous Clr¢uitAdv8r￿8 FuTh1- 96n•r8 Carols on train Dlstrlct advance fund gr• Seedfiek4 Trust 283 1.283 3 Mèn•• Repalr• and M•lnt•n•nc• 37 Oakland5 DrtV8 1S Doals Ga 2785 105 771 £771 4 O1h•r Manm co•1• Water r8te8 Council tsx In$ur8nce$ Maint•nart• 834 1,927 1,128 601 1,0&7 S Gr•nt• to Conn•xlonal and oth•rfund• Chdstians Against Pov8ty R0s89TrJ Refugee Gran15 1,250 226 1.2SO £1,476 £1,250

Ro8sendah M¢thodlst ClrGull R￿￿pts •nd pa)Thnts Account. Y•ar •nd•d 31stAuyu5t 2020 2020 2019 fj i)thrSundry Payments Providence graveyard Fire extiT¥JU5her ¢ontr• sU￿ry Cwcuit offKe rent General insurance Lay Worters Projects & Events First TrainiTrJ QuirNuennial- Nmhurch Quinquennial- Shawforth Website 8ank Chary¢5 85 593 1.227 936 140 140 418 127 124 71 £5,076 £3,791 7 Clreult Ad¥wK• F￿￿ ITru•t 8518) Investrnents hek1 3,980 unrts (Value £18,841112019 £19.1WI CF9 Manw mix￿ FuThJ £11.51812019 £11,878) Tr[k4t￿ IntW•9t F￿j ADF 2020 2019 Chan Balance br¢JugM fomwd 31.1)58 Dknirkt Fu￿1 .776 -77S Own dwi for rArrJJit lun Admin f•05 42 Chawe kn unts ¥8lue 235 73 Interes1 476 670 8¥1orKg cwrl&J fmrd 31.058 .£7(K)

R￿sp¢s •bxI payThn¢s Accwnt. Year end¢d 31st August 2020 8 Marffj Purclwsed Colt Ins vduo 37 Oaklands Orlve Ra%thS £88,51X) £257,567 15 Ch)aL% Gate B￿uP 2013 £173,OtKI £244,923 abfft c0515 excILtrJg wy l, eslaie ormilarlees g Clrcul¢ Tru•t FuDd• 2020 2019 Change In pho1 valug .179 su￿$ Funds J r HoWe Trusl Provpjence graveyard Pncee(ts ol sakry H &￿11[15 rrerronal SurpbJ$ Fur 12.466 98 2.249 5.098 155 474 12,645 96 2,289 5,098 154 474 £20,7S8 40 -£218 4) 8urplus fund¥ ITrust 92761 Inv￿1￿￿nts hehj 2,105 uni¢s Ivaluo £9.985112019 E10.1441 CFB Manog¢d Fur¥J £2.500.89 Trus¢••s Internst FurKI- ADF Income rece￿ ty Ihe &'r¢J￿1 Was £19712019 £298} b}J T Hoyl• Tnt trntht471¢1 Invesim¢nty hebj £9812019 £981 Tru518¢ IntWg8t FLryI In￿me receNe(J by was È112019 £1 c) Prtyld•bK• Gr•v•y•rd F￿￿1 146161 Inveslrnents hekl 475 unts (Value £2.249112019 £2.2891 CFB Ma￿￿ FuThJ DuriThJ the year income of £4112019 E641 ha5 teen received d) Proo•ed¥ of Sah l•x Ed•nl ffru•l 161231 Inve51men15 he £5.09812019 £5.0981 TrLtees Intèrost FuThJ ADF During the Mcorne of £3412019 £331 has •) H c￿11￿ lund (TnMt T1￿> Investments he&J 22 unrts (Value £104112019 £1￿> CF8 M8napJ Mityj FuTrJ £5012019 £481 Trustees Interesl FuTh1- AOF t￿li￿j Ihe year Inc(ne of £1 was to the bthc fj Surplus funds (Tryst 93821 Investments heky È474 Tnjstees Int￿$¢ FuThJ- ADF Incorne recwv&l by the Cwcurt was £312019 E31

CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS Ro M6fA)bwr FOR THE YEAR ENDED 31 AUGUST 2020 Circutl Botton and Rochdale Dl8trl¢t C1￿Ult no 06114 R•glstsrnd Chaflty- Chartty Regl8lJation numbor 1139489 If not a registered charity H•r Male•ty8 R￿en￿• and Cu¥tom• Gift Ald number (The HMRC number is equivalent to a reglsteyed charity number in lem)8 of evmlence of charitabl8 slatus and may be used to give to donoTr or grant fundern v•ishing to see evidence of the organisation's charltable status. M6thodisl Charities in Eng18fKI and Wales that ate nol rogislered charities are 8XCePted from registration under Statutory Instrument 2014 No.2421 Mini8ter8: Rev D Burrow Circuit st￿Id5'. Mrs J Glo Mr K Evans Treasurer. Mr M Butterwyth 1015 2015 Clntt R￿j P

20ACCOUNTS FOR THE YEAR ENDED Jq AUGUST 2020 obi Clr¢ult Un- Total lut SECTION A Funds Ftyxl 81 RECEIPTS a2 Assessmenvshare 1(Kl.487 100.4B7 98.549 a3 Ca r(al re￿1 8ank and CFB irrterest aTrJ Investment inc¢y 476 962 a5 Grants a6 Othar raceipts TOTAL RECEIPTS 10.855 10.85S 9.934 87 111J28 478 112.304 la8 109,886 SECTION b1 b2 PAYMENTS Slpends, salarigs, NIC. Penslon &)d travel ¢osls 82.129 62,129 2.89D 5B.508 771 Manse Costs 2.8 Adminislralion 4,469 4.531 7,811 19.807 b5 District Asso$srnent 776 Grnnts & donatiov 1.476 b7 b8 Other paymonts TOTAL PAYMENTS 11,465 11.485 103.347 10,223 98.370 b9 102.509 838 Ib91 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR ¢1 362 Tol81 fvnds brou ht foNd from last 43,814 31.058 63,321 Sthbtotsl e1+¢2 Transfers and ad'uslments 338 235 CS TOTAL FUNDS AT END OF YEAR Ic3+¢4) $3,133 30.358 83.491 ¢8 74.872 SECTION D FOR INFORMATION ONLY: IK)NEY RECEIVED AND PASSEO ON TO EKfERNAL ORGANISATIONS tlws• amounts should not b• includ•d In tolal r•r•l d1 Balan￿ brou hl forward froffl last d2 Offeri sIGffls - received for exlemal Offeri¢vJslGifts- passed to extern￿ organtsalths BALANCE STILL ro BE PAID d1+d2.d3 isalions 03 d4 2015 CvgxtR * P.x1s 2c*5

obi Clrcu 4J. SECT￿￿ E Surnrrnryol￿ Cirwl a¢r0jn￿1¢rth&YÈ￿1 31 knJLLSt 2020a Internd totheCwvJit N(ethal tho of8n Intr￿¥ lknrns&on wjuld be Iqeslrthl ftJNIs L￿S rt t th thw4 rthjbj bè frygny NthtySst PUFPD50. This ￿lon E¢wS moth￿ ANDA tXFFEREP4T FORM L•Jb) kle1￿$1 %bebtel. Pl¥tr rafortr) th8 gL¥dAnc& INTER14AL ORGANI8ATIC¢•$ e7 gjbtyld oiint4m Or￿1￿1￿2￿$1￿na I￿￿Jg￿tIOn¥a￿ fvtyn l•JJ47 LD HYaRcvir 112J04 I•S7 338 74.872 Cothiuo on A TOTAL RE¢tPT8 TOTAL 8ECTrJN F oPE￿NG LOSING BALANCES ci¢urr.¢A8M FUIlDs￿ •tJl Cath knmnd 414 13 8nk f4 34 354 31.058 Cthwfuntt•

UB TOTAL

14.872 83,491 do •1 YOTIL FUFKts MELD BYCIICINT 74,872 Ix) 2019 485 965 M FLwl• hdd4tth•CQrirdFinw*•￿ ID15CwJlR4ThIPJ J•r¥

Narneofcircuit..................................................................... Declarations and Scrutiny I confirrn that these Re￿Ipt and Pa￿nent based accounts for the year to 31 August 2020 have been prepared from the records of the Circurt and that they include all funds under the control of the Circuit meeting. Signature of treasurer ........ Narne and address of treasurer ..MW.F...knffQl.kn)c￿(a......l.￿.I d L.Jcd.￿.￿..2￿￿ Post Code... Pre$&ntallon to the Circult meollng I confirm that the annual report and accounts for the year ended 31 August 2020 were presented to the Cirojit meeting held on . Signature of the Chalr of the meets'ng Name ofthe Chair ofthe rneets'ng Independent Examiner's Report to the Trustees of the . Circult Charlty Number .1.119*81 Rosponslbllltles and basls of report I report lo the trustees on my examination of the accounts of the ... Circuit for the year erKled 31 August 2020 set out on pages ..1 to 3. As tr￿ Circuiys truslees, you are responsible for the preparation of the accounts in accordance with Ihe requirements of the Charities Act 2011 {'the ACY). I report in respect of my examination of tt)e CircJJlYs accounts carried out under section 145 of the Act and, in caryng 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 2015 R aThY P. 4015

Name of Circuit ... Independent Examinerfs Ststoment I have completed my examination. I confim that no material mattets have come to my attention in connection with the examination (other than that disdosed belo￿> which give me cause to believe that in, any material respect the accolnts'ng records V￿re not kept in accordan(￿ section 130 of the Act., or the accounts do not accord wlth the accounting records. I have no wncems and have come across no other matters in connection with the examinatr'on to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. I havellMw* obtsined independent verification of all invesljnents with the Trustees for Methodlst Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church which are irmjividually in excess of £10,OCM) (ten thousand pounds) at the balance sheet date. Signature of Independent examiner Name of independent examiner Relevant professional qUalIfi￿110n of indepeThdent examiner Name of fim (￿ere appropriate) S.H.4a Flo￿5￿ OoraE ibl GLOSE Il &KJTh">fj¥LL . PostCoJe ..1S.@¥ l T Address Date de￿ts or circle as appropriate Sep-20 2015 4Th1 P. Sof5