**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 wyrr*nts 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)
D*th¢t AoknrK• FurKI
-759
-n8
17
Drw*n 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 (TnJ*t 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•str*COrn
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￿1*6bsite}. Pbase refer lo gUid￿Ct
noles r£gwdirs tr￿sle15 thfr Cyeuit ￿ (￿¥￿t￿l Circuit or￿￿￿1￿)n
INTERN*L
CW0I415ATK*4S
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• EndL*AYn•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& 2*thJtrST/*LL
Post Code
Dale
delete or circle as appropriate
Sep-21
2015Qrcul R a￿j P.yJs
Sof5