**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)th*rSundry 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 or*milarlees
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• Tn*t 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 TrL*tees 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 foN*d 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 N*thtySst PUFPD50. This ￿lon
E¢w*S moth￿ ANDA tXFFEREP4T FORM L*•Jb) kle1￿$1 %beb*tel. Pl*¥tr rafortr) th8 gL¥dAnc&
INTER14AL
ORGANI8ATIC¢•$
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
c*i¢urr.¢A8M FUIlDs￿ •tJl
Cath knmnd
414
13
8*nk
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