2021-08-31-accounts

ROSSENDALE METHODIST CIRCUIT

Trustees’ Annual report

Circuit Reserves Policy

Year ended 31 August 2021

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 6 local churches in the circuit. (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 £36,740. The Circuit also has unrestricted trust funds available of £22,802 which means total available funds of £59,542

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 £119,507. 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 £30,381. 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 6 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.

£3,000 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.

Ros8end8le Methodist Clrcull R•ceipts and payments Account- Year endod 31st August 2021 2021 2020 Rocelpt8 Assessments Investrnenl income (Nole 11 Rent Received Estate Agents Commission Sundry items (Note 21 Newchurch Funds Received Newchvrch Expenditure Gift Donat￿n5 I tax recovered 82,842 244 9,000 -1,168 3,500 10,185 100.487 486 9,000 -1,168 1,283 2.314 103,113 1,740 111.828 Paymonts Stipends Relirernanl fund National insuranee Apprgnts'c88hip Lewy Vehicle and travel allowances Pulplt $upplie¥ Telephene & broadband District assessment Manse repairs and mainlen8n¢e (Nole 3) Other Manse costs (Note 41 Other sundry payments (Note 61 Grants lo Connexional and olhef Funds (Note S) Printing, stationery and ¢omputer supplies 57.410 6.873 3.823 51,448 6.700 3,713 267 3,740 150 729 20.080 795 1.152 18,972 I I 19,616 2,890 4,491 5,076 1,476 1,748 3,249 1,280 1.175 119,507 102,509 Surplui (d•fl¢ltl lor th• y•ar 16,394 £9,319 Balancm 4t •tart of y•ar 53.133 43,814 Bal•ncM •t end of y•ar 36,740 53.133 Sumrnary of Cash Funds Held CFB - current CFB - dep0811 Barelays Circuit Trips Ac¢ounl 26.174 3.105 5,920 1,541 36,740 31,254 3,100 17,738 1,041 53,133 TMCP Funds Circuil Model Trust Fund other Trust Funds 30,381 22,802 53,184 30,358 20.540 50,898 Total C5rcult Funds 89,923 104,031

Rossondale Methodlst Clrcult Roc•lpts aThi p•yoY4nts A¢¢ount. Yoar ond8d 31•t August 2021 2021 2020 I Invosbnent lrtcam• Surplu5 Fund Trust 9276 J T HOY￿ Trust 471c Derx)$itwrth Methodist Central Financ• 8o¥rd Ed&n, woceeds of sak. Tnjst 18123 Providence Gravey8rd Trust 14616 Surplus fund Trust 9382 167 197 211 37 41 £244 2 Sundry r•¢•lpts MIsc8llaneou8 CircJJit Fund- ger￿81 Ctyrols on troin DiBtrirt advance luThJ grant Seedr￿k1 Tru$t 500 1,Q)O £1.283 £3,500 3 Manse R•palrn and M•lDt•n•n¢• 37 08kLgnds Drwg 15 Doals Gat• 16.6S2 2,785 105 £19.816 £2,890 4 Oth•r Man•9 ¢0•1• Water rate5 Coun¢ll tsx Insurances Malni•n8nc• 817 1.927 1,128 1.198 O Grants to Conn•xlonal and oth•r fvnd• Chri$tr'ans Against Poverty Ross•nda Refug&¢ Grants St8cksts8d$ Youlh $8t7 M3 p￿i￿¢t 1,250 226 1C#J 2SO 250 £1.280 £1.476

Ro88•ndale Mètht)dl8t Glrturl Rgceipts •nd wyrrnts Account-Ye•rended 31$tAUg￿t 2021 20 2020 6 0th8r Sundry Paynxnls PrOv￿er￿ giaveyard Fire extinguisher c£￿traC1S Sundry Circuit %)ffie rent Ggneral in$urnN Lay Workers Prcpcts & Events First Trainir IT Eouipm•nt Quinquennial- Shavhorth Website Bank Charges 225 579 140 1,558 128 127 124 £3.249 £5,07e 7 Clrcult Adv4n¢• Fund ITnNt 86181 In¥•$h•nts hèld 3.980 units IValu8 £22.WOI12020 £18,8411 CF8 Monw Mi¥•J Fu £8,08t12020 £11.5161 Twstee8 Inter•8t Fu￿1 ADF 20 202Q Chang• B•l•nce browht forwa 31,1)58 -7Ch) Dth¢t AoknrK• FurKI -759 -n8 17 Drwn down for rJrcuN furh min f••8 Ch¥ng9 In unrfs val 3.459 3,797 Inlrnt 476 B41anc• carr*d fomwd £30.381 £23

RoMon¢•l• IA•th4)di5t Circuit R•¢dpts and pa￿￿1 Ac¢ount-Y•ar•nO•d 318tAugust 2021 8 Ilan8M & Other P￿￿rtY pU￿h•••d Cost Inj valu• 37 Oakland5 Drivg R•nstsll £88.S)) £270,443 15 C)akn Gats Bar￿p 2013 £173.COJ £257.167 Ne￿hUrch Metht#Yist Churth 2020 NIA £2.293.634 . Transferred lo Cirtsjil SE The atm CC4ts exdudfr any al. •slat• •3erts or 8imiLar fe Clrcult Tnmt Fund• 2021 2020 Chwnge capltsl v•l¥• 1.830 sU￿lUs Funds J T Hoy18 T￿￿t Prowdence grav•y•rd P¥oC9￿j$ of 8 H Collins m•moii#l SU￿1￿ Fund¥ 14.296 98 2.661 12,4e6 2.249 412 176 474 £22.802 21 474 •I8Urpl￿ fund8 ITru•t 92761 Inv•strn•nts h81 2.105 unts (V8kn £11,794112020 £9.￿) CFB M￿]￿d MIWJ FuTrJ £2,5(K).89 Trustees Interest FufvJ- AOF Incomè r•cèiv8d by ￿ CiroJrtW88 £16712020 £19n bl J T Hoyh Tru•t ITru•t 471¢) Inv•$trnenls held £9812020 £981 Intèwt FuTrJ In￿ recw•d by Cirojrtwas £012019 £11 ¢1 Provklenee Gr•v•y•nl Fund (TnJt 146111 Investments ￿k1 475 units (val￿ £2.661112020 £2.2491 CFB M8nag8d FuTrJ DurirvJ ￿ar Inc(mw of £3712020 £411 ha3 been rec•¥ed d) ProM•d• of sa￿ l•x Ed•nl (Tru•t 161231 Investrnents h•kJ £5.098(2￿20 £5.0981 TNst088 Inter88t FU￿ AOF riNJ the ytar IrKorrÉ of £612020 £341 has b8•n TBe•i%d •) H Collln8 fvnd ITnAt 71691 Investments heha 22 unit5 (Value £123112020 £1041 CFB Managed Mwl FuThJ £5212020 £501 Trustees Interesl Fynd- ADF fj Surplu• fvn#8 ITnMt 9382} Investments hekl £474 Trustees Inte￿$1 Fund-ADF Incomtr faC￿¥sd by the Crcuit was £112020 £31

CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS mrfdobi3( FOR THE YEAR ENDED 31 AUGUST 2021 Circull Bolton and Rochdale Dlstrlct Clr¢ult no 06114 Regl8tsred Charlty - Charlty Reglstr¥tlon numb 1139489 If not a registered charity Her MaJe8ty8 Revenue and Custom8 Glft Ald number (The HMRC number is equivalent to a registered charity numb8r in teryns of evidence of charitable status 8nd may be used lo give to dcmrs or grant funders wshing to s88 evidence of the organisation's charitabl8 slalus. Methodist charities in England and Wales that are rol registered charftles are excepted from registrati¢￿ under Slalutory Instrument 2014 No.2421 Ministers: Rev D Burrc Circuil StewaTds'. MrsJKi Mr K Evans Mrs J BarfTh)t Treasurer. Mr M Bullerv 2015 R arKI PJ15 1d5

20ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2021 Circuit Cl￿￿11 ms1￿ted Modol Tru$t Ro$trl¢tsd Funds Fund Fund5 Totals thls y••r Totals last year SECTION A a1 RECEIPTS 82 Assessmenushare 82,842 82,842 100,487 a3 a4 Capital receipts Bank and CFB interest and Investment incom8 244 628 962 a5 Grants a6 Other re￿IptS TOTAL RECEIPTS 20.027 20,027 10,855 112,304 a7 103.113 103,497 la81 SECTION b1 b2 PAYMENTS Stipènds, salaries, NIC, PenS￿n and travel costs 68,402 68,402 19,616 62.129 b3 Mans• Costs 19.616 2,890 Adminislr81ion elc 1,947 61 2.008 4,531 20,856 b5 DlstriGI Assassmenl 18,972 759 19,731 1,280 Grants & donalK)ns 1.280 1,476 b7 Other payments TOTAL PAYMENTS 9,29) 9,290 120,327 11,465 b9 119.$07 820 Ib91 103,347 SECTION C NET RECEIPTSIPAYMENTS FOR THE YEAR la7-b91 116,3941 14361 116,8301 8,957 c2 Total funds brou hl Icxwar¢J Ifom lasl 53,133 30,358 83,491 Ic61 74.872 c3 Sub t¢)tal Ic1+c2} 36,739 29,922 66.661 83,829 Transfers and adjustrnents 459 459 Ic71 13381 TOTAL FUNDS AT END OF YEAR Ic3rt4) 36.739 30.381 87.120 Ic81 83,491 Ic61 SECTION D FOR INFORMATION ONLY.. MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS theBe amounts shwld not b• Includgd In tolal r•cel p•sThents 4bob•l d1 Balance brought loThvard ITOM last year OfferingslGifts - rec8bved lor ext8rnal cffganisallc￿S OfferingslGifts- passéd to èxt8mal oryJanisalh)ns BALANCE STILL TO BE PAID Id1 + d2 - d31 d2 d3 d4 2015 CircuSt R Pms 2r15

209gedE)rtt£ Clrtult F (¥¢C ACCOVNTS W4D Tr4TERIU SECT￿￿ E P1pag•frAk>Wt￿ GuhJanc• Not•strCOrn rrrfnary of the Cirojl acmurts lor the year 31 2021 Inle[n￿ r8￿￿l¥j tolhg Mg8try ￿￿te that th8 funds ol a 1nttm&i Oryanisalth nonhaty Re¥tr¢ed tur￿ unbss b8 dearfy thatthey us8d for any ￿￿t￿l$t pwwse. Th19 SÈ¢llon rnugt ￿ comFleted loarrNe atthetyoss Mr￿[￿9 paynwts Acuuab ttyes￿Jd of £250.(KN), then Ihg Fuals ol ac￿ting AND A OIFFERENT FORM rw5t t U50d lo repyithe aCt•￿ts (see mat￿j￿16bsite}. Pbase refer lo gUid￿Ct noles r£gwdirs tr￿sle15 thfr Cyeuit ￿ (￿¥￿t￿l Circuit or￿￿￿1￿)n INTERNL CW0I415ATK4S b￿anc@ subt0￿101 Intqm cireutt ttCOlirrt• yet4 broughtforward fr g•2.totsh cohjrnnl IOJA•7 120J27 116,8301 Ic7 83,491 87,120 HELD BY ¢fftCV IOJA97 120J27 16,830 67,120 TOTAL REC£￿T5 TOTAL PAYMENTS SECTK)W F OPENING BALANCES CLOSING BALANCES CNCUIT-CASH FUIIDS HELO ai J1 2021 BAr&CurnnlAxrAnl 18.779 7.461 Blrt D• AwJnl f4 34.354 29.278 m•Ihod￿ 30.358 30.381 SVB TOTAL 83891 {di 67.120 T¢i•l l￿dI h•ld by1n¥m￿(vrknl¥W4Itr0 08iig bolgrw trW4 ¥bov•l1•121 TOT￿ CASH FUNDS ￿L0 BYCIRcurr 83,491 67.120 SECrnM G OTHER •nd LI4JLIT 2DZO Fi¢bJJ• EndLAYn•rrt• 20,540 22802 L•nd ar￿ Buw" 502,4 2,821.244 OthèrAtswta Loan Indud¢ ontyCFB Futth h*J atTDXlYO8 fix It¢th(tht(knth F4vr

Name of Circuit . Logr£abkLé Declarations and Scrutiny I confirm that these Receipt and Payment based accounts for the year to 31 August 2021 have been prepared from the records of the Circuit and that they include all funds under Ihe control of the Circuit meeting. Signature of treasurer . 202Z Name and address of treasurer . Post Code.. Presentatlon to the Clrcult meetlng I confirm that the annual report and accounts for the year ended 31 August 2021 werelwilw presented to the Circuit meeting held on Signature of the Chair of the meeting Name of the Chair of the meeting Independent Examiner's Report to the Trustees of the Pos9&& N]of.4-. rxsrf Char6ty Number .ii31*21 Circuit Responslbllltlos and basls of report I report to Ihe trustees on my examination of the accounts of the . Circuit for the year ended 31 August 2021 set out on pages .1. to 3.. As the Circult's trustees. you are responsible for the preparation of the accounts in accordan￿ wth the ￿quIrementS 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 carrying out my examination, I have followed all Ihe applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. delete or circle as appropriate 2015 R aThl p.xls 4of5

Name of Circuit . Independent Examiner's Statement I have completed my examination. I confirm thal no material matters have come to my attention in connection wth Ihe examination (other than that disclosed below") which give me cause to believe that in, any material respect: the accounb'ng records were nol kept In accordance with sectlon 130 of the Act,. or the accounts do not accord wth the accounting records. I have no concems and have come across no other matters in connection with the examlnation to which attention should tse drawn in this report in order to enable a proper understanding of the accounts to be reached. I havell¥¥¢t•obtalned independent verification of all investments wth thè Trustees for Methodist Church Purposes or held in other trusts, bank balances and funds at the Central Finance Board of the Methodist Church vthich are indlvidually In excess of £10,000 (ten thousand pounds) at the balance sheet date. s￿nature of irKlependent examiner Name of independent examiner Relevant professional qualification of independent examiner FLCA Name of firm (where appropriate) Address ..sFI Ar ..Q&E)f4h LLos& 2thJtrST/*LL Post Code Dale delete or circle as appropriate Sep-21 2015Qrcul R a￿j P.yJs Sof5