ROSSENDALE METHODIST CIRCUIT
Trustees, Annual re
ort
Circuit Reserves Polic
Year ended 31 Au
ust 2024
This document includes all funds held by the Circuit Meeting as charity trustees.
Our reserves policy relates to our general lunrestricted> 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 ￿0fOld..
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
11) 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'.-
la) The ministerial oversight and pastoral care of the 6 local church centres in the circuit, one
of which closed on 3110812024, so will reduce to S.
(bl The support of a ministry team of 1 Presbyter minister, (he is supported by one
supernumerary), and 2 part time lay workers, one of who retired on 311Q812024, $0 will reduce
to 1 part time lay worker.
(c) The maintenance of the 2 Circuit manses, one of which is let {from 1010912016).
(2) Financial Plans
The Circuit assessment is reviewed annually and covers the costs of 1 (a) (b} and Ic} above
and is based on offers from each church towards a share of the total costs. This has been
supplemented since 1st September 2016 by the saving made by not employing another
Presbyter, as well as income from the manse which is let for £875 per month.
The Circuit Fund {unrestricted general fund) balance at year end was £41,267. The Circuit also
has unrestricted trust funds available of £22,371 which means total available funds of £63,638
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 £115,429. 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 £29,654. 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.
13) 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 Church Centres 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 which..
offer the Good News of Jesus.,
encourage bold ventures where churches seek to deepen discipleship.
£0 was paid out 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.
Note that applicatior15 must a150 meet the priorities of the Meihodisl Church and Ozir Calling.

Rossendale Methodist Circuit
Receipts and payments Account - Year ended 31st August 2024
2024
2023
Receipts
Assessments
Investment income (Note 11
Rent Received
Estate Agents Commission
Sundry items (Note 2)
Newchurch Receipts (Note 8)
Newchurch Expenditure (Note 8)
Gift Aid Donations I tax recovered
100,700
1,006
10,500
-1,500
10,705
8,542
-9,252
2,774
123,476
95,000
879
9,900
-1,351
9,966
8,352
-8,772
3,047
117,021
Payments
Stipends
Retirement fund
National insurance
Apprenticeship Levy
Vehicle and travel allowances
Pulpit supplies
Telephone & broadband
District assessment
Manse repairs and maintenance (Note 3)
Other Manse costs (Note 4)
Other sundry payments (Note 6)
Grants to Connexional and other Funds (Note 5)
Printing, stationery and computer supplies
62,176
7,161
4,748
309
3,133
58,706
7,291
4,331
291
3,648
425
4,303
20,824
3,745
5,355
3,677
1,396
1,328
4,266
19,688
1,779
5,500
2,196
2,976
1,4g6
115,429
115,320
Surplus (deficlt) for the year
£8,046
£1,701
Balances at start of year
33,221
31,519
Balances at end of year
41,267
33,221
Summary of Cash Funds Held
CFB
Barclays Current Account
Barclays Trips Account
18,881
10,343
12,044
41,267
7,141
17,840
8,240
33,221
TMCP Funds
Circuit Model Trust Fund
Other Trust Funds
29,654
22,371
52,025
27,876
21,328
49,204
Total Circuit Funds
93,292
82,425

Rossendale Methodist Circuit
Receipts and payments Account- Year ended 31st August 2024
2024
2023
1 Invgstment income
Surplus Fund Trust 9276
J T Hoyle Trust 471 c
Deposit with Methodist Central Finance Board
Eden, proceeds of sale, Trust 16123
Providence Graveyard Trust 14616
Surplus fund Trust 9382
415
369
266
255
65
287
153
66
£1.006
£879
2 Sundry receipts
Miscellaneous
Circuit Advance Fund - general
Events
Trips
District advantr fund grant
Charities Trust
40
1,360
4,090
5,000
255
£10,705
498
4,545
5,000
880
£9,966
3 Manse Repairs and Maintenan¢o
37 Oaklands Drive
15 Doals Gale
1,119
660
3,745
£1,779
£3,745
4 Other Manse costs
Water rates
Council tax
Insurances
Maintenance
941
2,260
1,549
749
£5.500
857
2,163
1.481
854
£5.355
S Grants to Connexional and otherfunds
Refugee Grants
Hope booklet & Thy Kingdom Come resources
Sa17
Tear Fund
M3 Project
Bacup Family Centre
Kids in Rossendale
1,196
70
734
262
200
200
460
600
650
£2.976
£1.396

Rossendale Methodist Circuit
Roceipts and payments Account- Year ended 31st August 2024
2024
2023
6 Other Sundry Paymgnts
Providence graveyard
Fire extinguisher contracts
Sundry
Shawforth Buffet
General insurance
Leaving Gifts
IT Equipment
Quinquennials
Website
Bank Charges
455
505
302
655
392
398
140
250
140
65
335
1,700
230
132
175
£2.196
£3.677
7 Circuit Advancè Fund (Trust 8518)
Investments held
3,980 units ￿alue £21,560112023 £20,011) CFB Managed Mixed Fund
£8.09412023 £7,865) Trustees Interest Fund ADF
2024
2023
Change
Balance brought forward
27,877
28,711
-834
District Advan¢e Fund levy
-697
-718
21
Drawn down for circuit funds
Admin fees
-79
-82
Change in units value
1,548
-888
2,436
Interest & Dividends
1,005
853
152
Balance carried forward
£29,654
£27,876
£1,778
8 Newchureh Recgipts & Expenses
Receipts
VVHP contribution
Lellings
2024
8,542
2023
7,892
460
£8,352
£8,542
Expenses
Gas
Electricity
Water
Insurance
Grass Culling
Boiler Cover
Legal Fees
Valuation Report
5,426
631
527
2,506
162
4,711
692
460
2,489
120
300
£9,252
£8,772
-£710
-£420

Rossendale Methodist Circuit
Receipts and payments Account- Year ended 31st August 2024
8 Manses
Purchased
C03t Ins value
37 Oaklands Drive Rawtenslall
2000
£88,500 £363,451
15 Doals Gale Bacup
2013
£173,000 £345,609
New¢hurch Melhodisl Church
2020
NIA
£2,808,894 Transferred lo Circuit SÉ
The above costs exclude any legal, eslale agents or similar fees
9 Circuit Trust Funds
2024
2023
Changg in
capital valuo
819
Surplus Funds
J T Hoyle Trust
Providence graveyard
Proceeds of sale
H Collins memorial
Surplus Funds
13,904
98
2.573
5,098
187
511
£22,371
13.085
98
2.388
5.098
172
488
£21,328
185
15
24
£1,043
al Surplu$ fund$ ITrust 9276)
Investments held
2,105 units (Value £11,403112023 £10,584) CFB Managed Mixed Fun
£2,500.89 Trustees Interest Fund - ADF
Income received by the Circuit was £41512023 £3691
bl J T Hoyle Trust (Trust 471cl
Investments held
£9812019 £981 Trustee Interest Fund
Income received by Circuit was £512023 £31
c) Providence Graveyard Fund (Trust 146161
Investments held
475 units (Value £2.573112023 £2,388) CFB Managed Mixed Fund
During the year ineome of £6512023 £661 ha5 been reTrived
d) Proceeds of Sale lex Edenl {Trust 16123)
Investments held
£5,09812023 £5.0981 Trustees Interest Fund ADF
During the year income of £25512023 £153) has been received
e) H Collins memorial fund (Trust 71691
Investments held
22 units (Value £119112023 £111) CFB Managed Mixed Fund
£6812023 £611 Trustees Interest Fund - ADF
During the year ineome of £15 was added lo the balance
n Surplus funds ITrust 93821
Investments held
£488 Trustees Interest Fund - ADF
Income received by the Circuit was £012023 £01
During the year income of £24 was added lo the balance
Newchurch funds
£1,282 Still held in name of Newchurch {2023 £1,185)

TRIPS
Trips ReTripls
Trips Payments
Surplus on Trips
£ 18.131
-£ 13,694
4,437
OTHER INCOME
Standing Order Re￿[pts
Christmas Party
Blues Brothers night 1
Blues Brother5 night 2
840
650
400
410
TOTAL INCOME
6.737
EXPENSES
Guided Retreat Bus
Guided Retreat Tickets
RCC October event deposit
TOTAL EXPENSES
GRANTS PAID
Refugees
Hope booklet & Thy Kingdom Come resources
M3 Project
Bacup Family Centre
Kids in Rossendale
1,179
45
460
600
650
TOTAL GRANTS PAID
2,934
SURPLUS
3,804
Opening Balance 0110912023
Surplus
Closing Balance 3110812024
8,240
3.804
£ 12.044
£ 12.044

CIRCUIT
RECEIPTS AND PAYMENTS
ACCOUNTS
THE METHODIST CHURCH
STANDARD FORM OF ACCOUNTS
ROSSENDALE METHODIST
Circuit
FOR THE YEAR ENDED
31 August 2024
District
Circuit no
06114
Registered Charity - Charity Reglstratlon number
1139489
If not a registered charity His Maje8ty'8 Revenue and Custom8 Gift Ald number
(The HMRC number is equivalent to a registered charity number in terms of evidence of charitable status
and may be used to give to donors or grant funders wishing to see evidence of the organisation's charitable
status. Methodist charities in England and Wales that are not registered charities are excepted from
registration under Statutory Instrument 2014 No.242)
Ministers..
Rev D Burrow
Circuit StevRrds'.
Mr8 J Kin.9...................................................................................................................................
Mrs J Webster
Treasurer..
Mr M Butterworth
SFA circuit-r andJ-2024
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ACCOUNTS FOR THE YEAR ENDED 31 August 2024
ROSSENDALE METHODIST
Clrcuit
Clrcult
r•strlctod Model Trust Re8trlctod
Funds
Fund
Fundi
Total• thls
year
Totsl• last
y•ar
SECTION A
a1
RECEIPTS
Note
Assessmenvshare
100,700
100,700
95,000
a3
a4
itsl recei
ts
Bank and CFB interest and
Investment income
1,006
1,005
2,011
1.732
a5
Grants
Other receipts
TOTAL RECEIPTS
21,769
21,769
124,480
21,143
117,875
a7
123.475
1,005
(a8)
SECTION B
b1
b2
PAYMENTS
Stipends, salaries, NIC. Pension and
travel costs
74,394
1,779
7,400
19,688
2,976
74,394
1,779
7,479
20,385
2.976
70,819
3,745
8,033
21,542
1.396
b3
Manse Costs
Administration etc
79
b5
District Assessment
697
Grants & donations
b7
b8
Other payments
TOTAL PAYMENTS
9,192
115,429
9,192
116,205
10,785
116,120
b9
776
{b9)
SECTION C
NET RECEIPTSIPAYMENTS FOR
THE YEAR
¢1
a7-b9
8,046
229
8.275
1,755
c2
Total funds brou
ht forward from last
ear
33,220
27.876
61.096
60,229
Sub total
c1+c2
28,105
69,371
61.984
Transfers and ad'uslments
1,548
1.548
c7
888
TOTAL FUNDS AT END OF YEAR {¢3+c4)
41,266
29,653
70,919
(c8}
61,096
(c6)
SECTION D
FOR INFORMATION ONLY: MONEY RECEIVED AND PASSED ON TO EXTERNAL ORGANISATIONS
these amounts should not be included In total recei
tslpayments above)
d1
Balance brou
ht foNiard from last
ear
d2
Offerin
sIGifts received for external or
OfferingslGifts - passed to external organisations
BALANCE STILL TO BE PAID
d1+d2-d3
anisations
d3
d4
SFA circuit-r andJ-2024
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ROSSENDALE METHODIST
¢I￿Ul1
SUMMAR
IT ACC
NT
AND INTERNAL
ATI
NRE
TING T
SECTION E
Pl••89 follow th• Guldanc• No
¢om
Surnmary of th8 Circuit accounts for the year ended 31 August 2024 and Intem81 Organisalws repJrting to th8 Circuit Me•ting. Notè that the fiJnd$ of
8n Intemal Organisation w)uld norrnally ba Re$trict8d fU￿AS unless it could be cleorfy shown that they ￿Uld be used for any Methodist purpose. This
se¢￿'0n mu¥l bg Wrnplet￿ lo onive at the gross receipts and payrnent8 totals of the Circuit. If gros¥ income exce*J6 thè Aecruals Ihrèshold of
£250.000, then the Acuual8 rnethod of aC￿UntIng AND A DIFFERENT FORII must be use(1 to ￿port the accA)unts Ise8 Methodist websiiel. Pl￿80
refer to Ibe guidancè notas regarding transl8rs betsveen the Circuil and ¢)Jnnected Circuit Organisation8.
INTERNAL
ORGANISATIONS
OpDnkng
enl¥
Ad
Cbs
Sub tot81 of Inl•mwl
Org#nl$*tkJn¥ fvnds
1•121
¢I￿Ul1 •¢counts Itot41•
broughtforward Iro
pag• 2- totals Column)
124,410
116.206
8,275
elo
HELD BY CIRCUIT
124480
116,205
8.27S
C4nthiuo on a Mparat•
$he8t and brfng
the totals foThvard
TOTAL RECEIPTS
TOTAL
PAYMENTS
8ECTION F
ENT
ETSA
ILIT
OPENING
BALANCES
CLOSING
BALANCES
CIRCUIT_CASH FUNDS HELD at 31 Au
ult 2024
Cash In h￿￿
B￿k Current Acclxnt
B*k Do shAc¢¢unt
f4
Con￿1 Board
Trust•eJ fcf Melh¢dl$t Chuffjh Purpow$
27.876
29.653
Olh•rfund$
SUB TOTAL
61.097
70.920
(¢81
Total funds hekl by Internal Organlsaiknns (th•
cIo8lng baLgnco tows abDvel le121
•12
TOTAL CASH FUNDS HELD BY CIRCUIT
61,097
70.920
SECTION G
OTHER A8SET8 and LIABILITIES
9rnber2tr23
31
u•1 2024
In￿*trn¢nts
¢lud* Endu*m8nts
Land 8nd Bulklin
see nolei ￿ In$uw¢• valuè
3517 954
0thorAsWI
Loqn
- showamount outltandln
ear and
oth8r LkqbI1￿Ol
f4 Include only Funds held at Iha Centr81 FlnBnce Board
15 Induda onty CF8 Fund5 held 81 Trustee5 Iw Melhgdi¥t Chur¢h Purpose$
g1 Include any olher Inv•slrnents Inol Ih? Ga$h ¢krnEnt ofTMCP Irust 8cwJnts thb18 Inserted in Ilna 151
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Name of Circuit
Declarations and Scrutiny
I confirm that these Receipt and Payment based accounts for the year to 31 August 2024 have been
prepared from the records of the Circuit and that they include all funds under the control of the Circuit
meeting.
Signature of treasurer
Name and address of treasurer .
11. s9Ld[)￿LE ,
Postcode..........
Presentation to the Circuit meeting
I confirm that the annual report and accounts for the year ended 31 August 2024 werelwill be"
presented to the Circuit meeting held on
Signature of the Chair of the meeting
Name of the Chair of the meeting
Date.o'.7........
Independent Examiner's Report to the Trustees of the
Circuit
Responsibilities and basis of report
I report to the trustees on my examination of the accounts of the
Mrniok?I sr
Circuit for the year ended 31 August 2024 set out on pages I to g As the Circuit's trustees, you are
responsible for the preparation of the accounts in accordance with the requirements 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 the applicable Directions given by the Charity
Commission under section 145(5)(b) of the Act.
delete or circle as appropriate
SFA ¢ircuil-r and p-2024.x15X
f 1

Name of Circuit .
VSS&TrJQALf S I
No..
Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination (other than that disclosed below.) which give me cause to believe that
in, any material respect..
the accounting records were not kept in accordance with section 130 of the Act; or
the accounts do not accord with the accounting records.
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.
I have&¥&(•W obtained independent verification of all investments with the Trustees for Methodist
Church Purposes or held in other trusts, bank balances and fvnds at the Central Finance Board of the
Methodist Church which are individually in excess of £10,000 (ten thousand pounds) at the balance
sheet date.
Signature of independent examiner
Name of independent examiner
A-ND'2LrfK/J Cr
Relevant professional qualification of independent examiner
FacA
Name of firm (where appropriate)
Address
/¥NLS
Post Code
Date
delete or circle as appropriate
SFA circuit-r andJJ-2024
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