oySHIpe
Mid Derbyshire Methodist Circuit
Registered Charity No. 1139498
Mid Derbyshire Methodist Circuit Trustees, Annual Report
for the period from 1" September 2023 to 31st August 2024
Charity registration number: 1139498
Charity Commission
2 0 MAY 2025
Recorded Received

MID DERBYSHIRE METHODIST CIRCUIT
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Page
Report of the Trustees
1 to 14
Report of the Indgpgndent Audttors
15 to 17
Statemgnt of Financlal Activities
18
Balance Sheet
19
Cash Flow Statement
Notes to the Cash Flow Statement
21
Notes to the Flnancial Stst9rn9nts
22 to 32

MID DERBYSHIRE METHODIST CIRcurr
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Reference and Administrative Details
Chari
Name
The name of the charity is Mid Derbyshire Methodist Circuit.
Re
istered Charit Number
The registered charity number is 1139498.
Charit
's Princi
al Address
Mid Derbyshire Circuit Office
Belper Community Cottage
16 Chapel Street
Belper
DE56 1AR
Statement of Trustees, Res
onsibilities
The trustees are responsible for preparing the Report of the Trustees and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practi￿).
The law applicable to chartties in England and Wales, the Charities Act 2011, Charty (Accounts and
Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial
statements for each financial year which give a true and fair view of the state of affairs of the charity and
of the incoming resources and application of resources, including the income and expenditure, of the
charity for that period. In preparing those financial statements. the trustees are required to:
select suitable accounting policies and then apply them consistently.
obseNe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going Can￿M basis unless it is inappropriate to presume
that the charty will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the chartty and to enable them to ensure that the financial
statements comply wth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and
the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 1

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Narnes of the Chari
Trustees who Mana
e the Chari
These trustees fomi the Circuit Leadership Team, who are delegated with the day-to-day running of the
circuit.
Name of person {or body)
entitled to appoint trustee (if
an
Trustee name
Office (rf any)
Dates acted rf not for whole
year
Rev Ann Miller Anderson
Superintendent
Minister
Ex officio
Dèacon Michaela Jayne
Doherty
Rev Helen Ruth Penfold
Circuit Minister
1st September to 15th
November 2023
Ex officio
Circuit Minister
Ex officio
Ex officio
Rev Timothy Paul Simms
Ruth Beresford
Circuit Minister
Circuit Sleward
Mid Derbyshire Circuit
Mid Derbyshire Circuit
Mid Derbyshire Circuit
Mid Derbyshire Circuit
Kathleen Brydon
Sandra Haycock
Lesley Wivienne Joy
Palfreyman
Paul Albert Selby
David Shirtcliffe
Circuit Steward
Circuit Steward
From 20th September 2023
1S1 to 201h September 2023
Circuit Steward
Circuit Steward
Mid Derbyshire Circuit
Mid Derbyshire Circuit
Mid Derbyshire Circuit
Mid Dèrbyshire Circuit
Mid Derbyshire Circuit
Mid Derbyshire Circuit
10
Circuit Steward
Eddie Sweet
Circuit Steward
12
Judith Anne Milnèr
Lay Employee
Lay Employee
Lay Employee
13
Roanna Joy Pilsbury
Gillian Dorothy Stamp
14
Names of an
other
eo
le who served as chari
trustees in the financial
ear in
uestion
Rev Kevin Price
Minister in Local
Ecumenical Partnership
Supernumerary Minister
Supernumerary Minister
Mid Derbyshire Circuit
16
Rev Adrian Smith
Mid Derbyshire Circuit
Mid Derbyshire Circuit
17
Rev Juan Thompson
1$1 September to 30th
November 2023
18
Rev Anthony Wells
Margaret Garratt
Paul Garratt
Supernumerary Minister
Rep to Circuit Meeting
Rep to Circuit Meeting
Rep to Circuit Meeting
Rep to Circuit Meeting
Rep to Circuit Meeting
Rep to Circuit Meeting
Mid Derbyshire Circuit
Ambergate Church Council
Ambergale Church Council
Belper Church Council
Belper Church Council
Belper Church Council
Codnor Church Council
19
20
21
Jane Gentry
Christine Nelson
22
23
Jennifer SGot¢hbrook
24
Dorothy Annette
Taylor
Kathleen Mary
Hassall
25
Rep to Circuit Meeting
Codnor Church Council
Page 2

MID DERBYSHIRE METHODIST CIRcurr
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
26
Helen Rogers
Timothy Nigel
Everard Rogers
Gill Clifton
Rep to Circuit Meeting
Rep to Circuit M*ting
Cromford Church Council
27
Cromford Church Council
28
Rep to Circuit Meeting
Rep to Circuit Meeting
Rep lo Circuit Meeting
Rep to Circuit Maeting
Rep to Circuit Meeting
Dadey Dale Church Council
Darley Dale Church Council
Darley Dale Church Council
Denby Bottles Church Council
Heage Church Council
29
Monica Render
30
Jeanette Anne Welch
31
Andrew Bales
32
Bèverley Margaret
Evans
33
Lynne Tery
Sheila Wheatley
Helen Elizabeth
Whitham
Rep to Circuit Meeting
Rep to Circuit Meeting
Rep to Circuit Meeting
Heage Church Council
Holbrook Moor Church Council
34
35
Holbrook Moor Church Council
36
John Daglish
Rep to Circuit Meeting
1st to 19th Septemb
2023
Holloway Church Council
37
Marjorie Ann Thoday
Barbara Moore
Rep to Circuit Meeting
Rep to Circuit Meeting
Holloway Church Council
Horsley Woodhouse Church
Council
38
151 September 2023 to
11 ih March 2024
From 11th March 2024
39
Pamela Jean Nelson
Rep to Circuit Meeting
Horsley Woodhouse Church
Council
40
Phyllis Shaw
Rep to Circuit Meeting
Horsley Woodhouse Church
Council
41
Brenda Jean Clarke
Rep to Circuit Meeting
Rep to Circuit Meeting
Ilkeston Church Council
42
Michael Edward
Parker
1st September 2023 to
3rd May 2024
Ilkeston Church Coun¢il
43
Tony Stevens
Mark Ratcliffe
Rep to Circuit Meeling
Rep to Circuit Meeting
Ilkeston Church Council
44
Marehay Waingroves Church
Council
45
Christine Dianne
Richards
Rep to Circuit Meeting
Marehay Waingroves Church
Council
46
Viv Walters
Rep to C1￿Ul1 Meeting
Marehay Waingroves Church
Council
47
Penny Brown
Rep to Circuit Meeiing
Matlock Methodist & United
Reformed Church Council
Mallock Methodist & United
Reformed Church Council
Matlock Moor Church Council
Matlock Moor Church Council
48
Mike Haynes
Rep to Circuit Meeting
49
Alan Piper
Christine Diane Piper
Gillian Chatto
Rep to Circuit Meeting
Rep to Circuit Meeting
Rep to Circuit Meeting
Rep to Circuit Meeiing
Rep to Circuit Meeling
50
From 11th March 2024
51
Nether Heage Church Council
Nether Heage Church Council
Ripley Church Council
52
Karen Julie Morfey
Karen Biggs
53
Page 3

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
54
Elaine Grout
Rep to Circuit M*ting
Rep to Circuit Meeting
Rep to Circuit Meeting
Ripley Church Council
Ripley Church Council
St. Andrew's Church, Langley
Mill. Church Council
Tansley Church Council
55
Scott Handbury
Anne Brown
56
57
Peter Charles
Norman
Rep to Circuit Meeting
58
Sylvia Nom)an
Irenè Bourne
Rep to Circuit Meeting
Rep to Circuit Meeting
Tansley Church Council
United Church of All Saints,
Stanley Common. Church CounGiI
Wellspring Church, Wirksworth,
Trustees
59
60
Sheila Ivy Redfern
Rep to Circuit Meeting
61
Susan Margaret
Watts
Rep lo Circuit Meeting
Wellspring Church, Wirksworth,
Trustees
62
Alan Hickingbotham
Andrew John Pierson
Rep to Circuit Meeting
Rep lo Circuit Meeting
Rep to Circuit Meeting
Circuit Safeguarding
Officer
West Hallam Church Council
West Hallam Church CoLtncil
63
64
Lesley Ann Tooley
Anne Kettlew811
West Hallam Church Council
65
Mid Derbyshire Circuit
Custodian Trustees
Trustees for Methodist Church Purposes (TMCP) is the legal owner and Custodian Trustee of all
Methodist Model Trust property. Trust property is held for and on behalf of local Managing Trustees who
are responsible for the daY-t￿daY management of trust propety. The Managing Trustees act under the
guidance and direction of TMCP and thus comply with charity law and Methodist law and policy. as
determined by the Methodist Conference.
Name and Address of Auditor
David Mellor FCA
Johnson Tidsall Chartered Accountants & Ststutory Auditor
81 Burton Road
Derby
DE1 1TJ
Name of Su
erintendent Minister
Rev Ann Anderson
Page 4

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Ob'ectives and Activities
Summa
of the Pur
ses of the Cha '
as set out in the Govemin
Document
The purposes of the Methodist Church are and shall be deemed to have been since the Date of Union the
advancement of:
a) The Christian faith in accordan￿ with the doctrinal standards and discipline of The Methodist Church
b) Any charitable purpose for the time being of any Connexional. District. Circuit, local or other
organization of The Methodist Church
c) Any charitable purpose for the time being of any society or institution subsidiary or ancillary to The
Methodist Church
d} Any purpose for the time being of any charity being a charity subsidiary or ancillary to The Methodist
Church
Summa
of the Main Activities in Relation to the Pur
oses of the Chari
The Members of the Circutt Meeting are the Managing Trustees for the shared resources (e.g. manses,
other properties, financial assets and personnel) related to the group of Methodist churches known as the
Mid Derbyshire Methodist Circuit. At the end of August 2024, the circuit had 18 Methodist worship centres
and 4 Local Ecumenical Partnerships (LEPS) in its geographical area. The Methodist worship centres at
Marehay and Waingroves are managed by a single Church Council: the others all have their own Church
Council.
For worship, a quartedy preaching plan is produced to ensure regular acts of worship take pla￿ in all the
worship centres" all the acts of worship are open to all people. without charge. The circuit also provides
monthly services of worship at Maple Leaf House in Ripley, a purpose-built MHA nursing home for people
with dementia. Circuit services are organised from time to time to encourage worship and fellowship for
the whole circuit. and new styles of worship are offered with the intention of engaging people in the
community, especially children, young people and families.
For mission, the Circuit Mission Plan VRS updated and adopted by the Trustees in December 2023. The
Mission Plan is based on the Nottingham and Derby District Mission Plan and focuses on the key
components of A Methodist Way of Lrfe, a resou￿ prodU￿d by the Methodist Connexion to help people
on their journey of discipleship. The Circuit Mission Plan includes.. events and activities to build
relationships within the circuit and to deepen faith. exploring spirituality wtth people on the periphery of the
churches. offering hospitality and activities to engage people in the local communities. and providing
training opportunities. The Circuit Mission Plan will continue to be reviewed and updated regularly.
Public Benefrt
We confirm that the Managing Trustees have had regard to the Charity Commission's guidance on public
benefit. The document The Five Golden Rules of being a Trustee. from the Methodist Church, is issued to
everyone who becomes a Trustee. The Circuit Mission Plan will continue to be reviewed regularly by the
Trustees so that tt continues to set OLrt activities which support the purposes of the Mid Derbyshire
Methodist Circuit.
Page 5

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Achievements and Perfonnance
Summa
of the Main Achievements of the Chari
Circuit Worshi
and Pra
er
Muddy Church
Muddy Church continued once a month during the yeaT. Individuals and families from church
congregations and on the periphery of church have attended. It is a Pla￿ for people of all ages to gather
outdoors and to connect with the Spa￿ and with God. The intention is that the time together will be fun
and engaging and it is a place to enjoy creation. nature and being together. As well as a different venue
being explored each month on a Sunday aftemoon, this year there was also a Muddy Church Campout at
Bonsall Camp over a weekend in June. Forty-three people attended, including eleven volunteer helpers.
The theme of the weekend was Restoration. based on the stories of Jesus and Peter. There was a range
of faith experience, with some people having very little faith. Everyone who went was happy with the
event and there was a great feeling of fellowship.
Rooted
This quarterly event has continued throughout the year at different venues in the circutt. It is a
contemporary worship event, including testimony, prayer, active worship and a simple meal. This year,
one of the venues was an outdoor event.
Christianity Month
May 2024 was designated as Christianty Month in the Nottingham and Derby Methodist District. The
circuit had two initiatives to join in with Ihis..
1. Thy Kingdom Come is a global ecumenical prayer movement that invites Christians around the world
to pray from Ascension to Pentecost for more people to come to know Jesus. The circuit held a 2417
prayer event from 9th to 191h May, wtth people in the churches praying either alone or in groups at
home or in their church for half-hour sessions. It included a period of one hour praying via Zoom.
2. The circuit had a Prayer Calendar for the month of May: each church, each Minister and other groups
in the circuit were allocated one day in May. They wrote a prayer or prayer points which were put on
the circuit Facebook page and the circuit website on the relevant day, along with a photograph relating
to the church or people.
Cliff College Festival
Several people from the circuit attended CliffFest in May 2024 at Cliff College. a Christian theological
college in Calver. Derbyshire. The 2024 festival was called Rerouted and included worship, teaching and
activtties for all ages.
servI￿s of Celebration and Commemoration
These services have been of a traditional nature. except the Circuit Praise SeNice:
circu￿ Advent Celebration
Circuit Ash Wednesday Service
World Day of Prayer Service (ecumenical)
Circuit Celebration Service for a Local Preacherfs 60 years of preaching
Circuit Easter Offering Dedication Service
Circuit Praise Servi
Open Air Songs of Praise Service
Page 6

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Monthly Prayer servI￿s
Weekly Prayers via Zoom
Discipleship
An Advent Ref]ection for Preachers and Worship Leaders led by Rev Ann Anderson, the
Superintendent Minister.
Ministers and Local Preachers preached on the book of Genesis in some churches during June 2024 as
part of the national Bible Month.
Circuit Mission
Reimagining the Circuit
Members of the circuit churches met together three times during the year to consider the mission of the
circuit.
The Dwelling Place
A Wami Space was offered at The Dwelling Pla￿ during the winter months. This was changed to a free
food café., a free lunch is offered on Fridays frorn 1 O'clock and the Food Cabin is open from 2.00pm to
4.00pm where a family can buy 10 items for £5 or 15 items for £7 for a family of 6 or more. The Circuit
purchases food from Fareshare and from local supemiarkets. The Food Cabin is not a foodbank;
however, one emergency food parcel can be given to a family if they have not re￿iVed benefits and have
run out of money.
A monthly Memory Café, for people living with dementia and their families, was started and ran for about
six sessions. A Toddler Group also ran for a few months. Unfortunately. everything except the Food Cabin
and free lunch had to stop running when Deacon Michaela Doherty's appointment was curtailed because
of her ill health. A Family and Outreach W0￿er. Rachel Barclay. was appointed to continue the work at
The Dwelling Pla￿. she began working in the circuit on 1st August 2024. The circuit planned to start a
new Toddler Group in September 2024. There was no worshipping community at The Dwelling Place
during the year but a Tea Time Church service was planned to start in September 2024. A Craft Group
continues to meet at The Dwelling Pla￿. Methodist Women in Britain meeting for the wider Methodist
community took Pla￿ there. as well as meetings for the Circuit.
Big Questions of Faith
A group of people started meeting during 202312024 for coffee and cake, using the Methodist resource
Conversations Against Mundanity to discuss the bigger questions of life and faith. The group started with
a few non-church people and about five church-goers in support. Some of the church-goers dropped out
which left a small number of people with limited support. It was decided that the group would not continue
meeting; but the leaders keep in touch wth the members and they meet in other contexts. One non-
church person has a passion to reignite the group" it is hoped that appropriate support can be found.
Mission Weekend
A Mission Weekend took pla￿ on 14° and 1P October 2023. On Saturday 14th October a Duggie Dug
Dug Circus Praise Party was led by Doug Horley. who is a well-known song writer and has a national and
intemational ministry with children. This was aimed at primary sch￿1 children and their families but was
open to all. Approximately 60 children and 100 adults attended. On Sunday 15° October a circuit all-age
service was led by Doug Hodey; about 120 people from across the circuit attended the seNice.
Page 7

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Follow the Star
An Epiphany Trail was provided at two churches in the circuit on 61h January 2024. It was based on the
story of the Wise Men's journey and included crafts, activities, refiection and prayer. This was aimed at
families but was also suitable for individuals.
Events for Adults
Guy Willcock, a Community Partnerships Manager with The Leprosy Mission, came to speak to a group of
people from the churches about the work of The Leprosy Mission.
A mission event for adults, with a speaker, was planned but had to be postponed because of ill health.
Coach Trip
About 240 people travelled on five coaches to Scarborough in August 2024. There were church members
and people on the fringe of the church and 65 children were included. Each child was given £5 to spend
and younger children also re￿iVed an activity bag.
Trainin
The circuit has provided training as follows:
Safeguarding training was provided in the Circuit and the District. Training vrfas completed by those
people in circuit and church roles requiring such training.
Equality, Diversity and Inclusion (EDI) training has been completed by Worship Leaders as well as the
people who did the training during the previous year. People who take up roles requiring this training will
complete the training online.
Food Hygiene and Allergy Awareness training was completed by 11 people from local Methodist
churches. this is in addition to the 75 people who completed the training during the previous year.
24 people achieved a QNUK Level 3 Award in Emergency First Aid. The Trustees wish to make sure that
there is someone with first aid training at every circuit event or servi￿.
The Mid Derbyshire Methodist Circuit had a new website created in 2020 by Thenmedia. Their Chrestos
software is also used for making the quarterly preaching plans. sin￿ 2020, there have been a number of
new circuit staff members so 5 people were trained this year on the use of the cloud technology and
website provided by Thenmedia.
Data Protection
The Circuit has fulfilled its responsibilities regarding the General Data Protection Regulation. The Privacy
Policy, from the Methodist Church, is available for the public. The Circuit Data Protection Annual Checklist
was completed and retumed to the Trustees for Methodist Church Purposes.
Circuit Staffin
The Circuit welcomed one new minister in September 2023." Rev Tim Simms, a Circutt Minister. At this
time, the Circuit had 4 Ministers: 3 Presbyters and a Deacon. Deacon Michaela Doherty requested her
appointment should be curtailed because of ill health in November 2023. the request was accepted by the
Circuit. Rev Helen Penfold agreed to continue working full-time for the remainder of her appointment. i.e.
until 31st August 2026.
The responsibilities of the Circuit Property and Facilities Manager role were reconsidered and the post
was readvertised as a full-time role. Four other Lay Employee roles were also advertised during the year:
a Farnily and Outreach Worker, to be based mainly at The Dwelling Place,. a Local Lay Pastor, to work in
three churches in the circuit. a CAMEO (Come And Meet Each Other) Worker, focused on working with
people aged 55 and above. and a Youth, Family and Children's Worker. The Family and Outreach
Worker, Rachel Barclay, began wod( at The Dwelling pla￿ and at St. AndreWs Church, Langley Mill. in
Page 8

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
August 2024. Philip Stainer was appointed to the role of Circuit Property and Facilities Manager., he will
start work in the Circuit in November 2024. Anne Welch was appointed to the role of Local Lay Pastor.,
she will start work in the Circuit in October 2024.
Circuit Pm
ert
During the year, five houses which were not needed for ministers, housing were put up for sale. Three of
the houses have been sold and the sale of the other two houses are expected to be completed in the
early part of the 2024-2025 connexional year. The proceeds of the sale of one house will go towards the
Ilkeston Methodist Church propety project: the upgrade of the Wilmot Street building. The proceeds from
the sale of the other houses will be used for mission, including an ea) project.
The Methodist Church has a target of becoming a net zero carbon emissions church by 2030. the plars is
called Action for Hope. As part of this plan in the Mid Derbyshire Circuit, the proceeds from the sale of the
house in Loscoe will go into a fund to set up a missional eco project to help church buildings and
ministers, manses to be made carbon neutral. Churches will need to apply for a grant with a robust
mission statement. One third of the cost of a project may be given as a circuit grant. the church should
provide one third of the cost and should apply for a grant from the District or from an extemal source for
the other third.
Building projects are ongoing in three churches in the circuit. The Nottingham Road church building in
Ilkeston has been sold and the money from the sale is being used to refurbish the Wilmot Street building,
where the congregation is now worshipping. The levy on the sale may be reclaimed for the work on the
Wilmot Street building. The Belper church hall has not yet been sold" work will begin during the next
connexional year on upgrading the kttchen facilities. The church and the hall at Darley Dale Methodist
Church are separate buildings and part of their building project is to link the two buildings together to
enable them to be used more flexibly and to create easier access.
A request for cessation of worship at Cromford Methodist Church was to go to the District Synod on
Saturday 21# September 2024. It has been suggested that it would be better to sell the church with
outline planning permission. The Circuit Property and Facilities Manager will be asked to do this when he
starts work in the circuit in November 2024.
The Circuit Office was tidied. decorated and refvmished by a group of volunteers from one of the circuit
churches. It can now more easily be used for meetings in the circuiL
Future Plans
Tea Time Church services will begin at The Dwelling Place in September 2024.
There will be a Circuit Celebration Service to admit Rachael Walker as a Local Preacher and to Trlebrate
60 years as a Local Preacher for David Gent and 70 years as an ordained minister for Rev Kenneth Cupit.
mission event for adults with Paul Kerensa, a Christian comedian, is planned to take place in
September 2024.
It was agreed that another Mission Weekend, induding a Praise Paty and Circuit Atl-Age servi￿ would
take place in November 2024.
The Circuit Stewards will review and re-advertise two Lay Employee roles: the CAMEO (Come And Meet
Each Other) Worker, focused on vdorking with people aged 55 and above. and the Youth, Family and
Children's Worker.
It was agreed that a Circutt Holiday Club will tske pla￿ during the February 2025 half-terni school
holiday. Play it by Ear. a drama group. has been booked to lead this.
An Alpha Course did not take place during the year but it is hoped to run an Atpha Course at The Dwelling
Place during the year 202412025.
Page g

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Financial Review
The Financial Position at 31" Au
ust 2024
At the end of the year. on 31st August 2024, the net deficit for the year on the General Fund was
£693,812. A transfer of £997,926, representing the proceeds of the sale of three properties, was made
from the General Fund to the Circuit Model Trust Fund. The balance on the General Fund was
£2,574,078.
The net surplus for the year on the Circuit Model Trust Fund was £230.680 and the balance was
£1 ,130,891. This can be used for a variety of purposes, along with the properties managed by the circuit;
it includes a balance of £533.328 designated for the purpose of reserve projects.
There is a separate restricted fund which is designated for the sole use of The Dwelling Place.
Properties were valued as follows.. Freehold Properties £1,176.770. Investment Properties £1.255,000.
During the year, £200.000 was transferred from the Circuit Model Trust Fund to the General Fund to
contribute to stipends, salaries, general rna1ntenan￿ and administration.
Polic
for Holdin
Reserves
The Reserves Policy for the Mid Derbyshire Methodist Circuit is to hold a sum equivalent to 6 months,
average expenditure in the General Fund. This should be sufficient to meet any unforeseen rtem of major
expenditure on manses andlor to be able to continue, in the short term, to fund planned activities in the
event of the closure of a large church or an inability to raise the full assessment from churches. It is
necessary to hold sufficient working capital to enable the payment of stipends and salaries, business
expenses for the Ministers and Lay Employees and our contribution to the Nottingham and Derby
Methodist District.
Amount of Reserves Held
£2,574,078 was held in the General Account at 31* August 2024, of which £2,434,348 is represented by
freehold and investment properties. This results in a balance on free reserves of £139,730. Free reserves
are defined as the total fund balance less fixed assets. Total expendtture on the General Fund for the year
st
ended 31 August 2024 amounted to £432.917. If the reserves policy of 6 months is applied, this gives an
amount of £216.459 and indicates a potential shortfall of funds of around £77,000. The shortfall was to be
made good by a transfer of funds from the Circuit Model Trust Fund to the General Fund.
Pa
and Remuneration
The circuit paid the stipends for the following Ministers for the whole year.. Rev Ann Anderson, Rev Helen
Penfold and Rev Tim Simms. Deacon Michaela Dohews stipend was paid by the circuit until her
appointment was curtailed in November 2023.
The circuit paid the salaries for the following Lay Employees for the whole year: Judith Milner, Roanna
Pilsbury and Gill Stamp. Rachel Barclay was paid from 1st AugusÉ 2024.
All Ministers and some Lay Employees are required by the constitution of the circuit meeting to be
trustees of the charity.
All the Ministers and Lay Employees named above. except Rachel Barclay, also seNed as trustees; they
did not receive any remuneration for being trustees.
The authority for the circuit to pay the stipends of Ministers and the salaries of Lay Employees who are
also trustees is contained in the goveming document.
Deacon Michaela Doherty's stipend. Roanna Pilsbury's salary and Rachel Barclay's salary are paid from
funds for mission work in the circuit.
Page 10

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Risk IAana
ement
The circuit is largely risk averse but is prepared to underwrite considered risks when embarking on new
and imaginative initiatives. A Risk Management Policy, including a Risk Register, was adopted in
December 2023. It will be reviewed annually and approved at the first Circuit Meeting of each connexional
year.
Risks are managed by: being aware of them; quantfying their impact in terms of possible reputational,
structural and financial damage. insuring against them. and minimising them by not taking them or by
setting up control systems that promptly report any significant change in the risk.
Risks are considered by the Circuit Leadership Team. which tskes professional advi￿ as required. Risks
for the circuit are outlined below.
1) The circuit relies on the assessment received from the churches to fund its commttments, including
stipends and salaries. Failure by a church or churches to pay part. or all, of their assessment ￿Uld
limit the circuit's abilty to further its Mission Plan. The circuit has a consultation process with Church
Treasurers before setting the assessments to redu￿ the likelihood of this happening. There is a risk
that some churches will struggle financially because of the ￿st-of-[lv1ng crisis.
2) There is also a financial risk from the closure of a church or churches. There would be costs involved in
interim maintenance or if planning perMI￿On is sought for change of use before the sale of a church
building. And the church would no longer contribute its share of the circuit assessment. It has been
suggested that the Cromford church building is sold with outline planning permission
3) Risks regarding safeguarding are managed through the safeguarding prO￿dureS which are in place at
circurt and church level, including DBS checks and mandatory training; the circuit has a safeguarding
policy. Funds might be required rf abuse is ident￿led, although insurance policies would normally cover
this.
Goin
Concern
The trustees have reviewed the circumStan￿S of the circuit and consider that adequate assets and
resources continue to be available to fund its activities for the foreseeable future. The trustees believe that
they have put suitable measures in place to ensure that the charity will continue to operate and develop
its activities. The trustees therefore believe that the preparation of the annual report and accounts on a
going concern basis is appropriate.
Princi
al Sources of Income and Main Items of Ex
In the 2023-2024 accounts:
£256,839, which is 47.8 % of the circurt's general unrestricted income, was provided by the local churches.
£200,347, which is 46.3 % of general unrestricted expendÉture, was on pay and related costs.
£57,904, which is 13.4 % of general unrestricted expendtture, was on propety maintenance, including
manses and other circuit propety.
£744,719 was spent on worship centres during the year. Of which £390,000 was spent on the
Ilkeston church project, with the remainder being spent on property improvements and Levy's.
£68,556, which is 15.80/0 of general unrestricted expenditure. is our contribution to the Nottingham and
Derby Methodist District. part of this is used to fund the work of the viider Methodist Church.
During the year, income of £997,926 in the Circuit Model Trust Fund was generated from the sale of ￿0
manses and one investment property- A total levy of £327,170 was paid on the sales. Money charged as
enditure
Page 11

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
a levy goes into the Connexional Priority FurKI and is Fedistributed to support other projects in the
Methodist Church.
Changes in the economy improved the circUmstan￿S of the Methodist pension scheme so donations
made to the Pensions Reserve Fund were retumed to the donors; £15.000 was returned to the circuit.
The Trustees agreed to reduce the assessments from the churches by 20 % for the year 202312024. The
Circutt Leadership Team proposed that the assessments for 202412025 should be reduced by 101 but
that assessments should not be reduced in the following years.
Page 12

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Structure Governance and Mana
ement
ConstitLrtion and Govemin
Documents
The charity is unincorporated and is govemed by the Methodist Church Act (1976) and the Deed of Union
(1932). It was registered with the Chartty Commission on 1st September 2014.
Trustee Selection Methods
Trustees are appointed by local churches and existing trustees in accordance with the modified
constitution under Section 58 of the Constitutional Practi￿ and Di￿&plIne of The Methodist Church, which
was implemented on the fo￿ation of the Mid Derbyshire Methodist Circuit on 1st September 2014 and
amended on 1 St September 2017. Circuit Ministers are automatically trustees.
Trainin
of Trustees
The Mid Derbyshire Methodist Circuit follows the policies, prO￿dureS and guidance produced by the
Methodist Connexion, including Safeguarding, Data Protection and EDI guidance. Creating Safer Space
safeguarding training and EDI training was provided in the Circuit. The Five Golden Rules of Being a
Trustee leaflet is sent to all Managing Trustees. Guidan￿ from the Charity Commission, including the
Charity Commission News emails are sent to all Managing Trustees.
Page 13

MID DERBYSHIRE METHODIST CIRCUIT
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024
Declarations
The Trustees declare that they have approved the Trustees, Report above.
Signed on behalf of the charity's Trustees.
Signature
Full name
Ann Miller Anderson
Position
Superintendent Minister
Date
Signature
Full name
Judith Anne Milner
Position
Secretary of the Circutt Meeting
Date
Page 14

REPORT OFTHE INDEPENDENT AUDITORS TO THE TRUSTEES OF
MID DERBYSHIRE METHODIST CIRCUIT
Opinion
We have audtied the financial statements of Mid Derbyshire Methodist Circuit (the 'charity'} for the year ended
31 August 2024 which comprise the Ststement of Financial Aciivities. the Balance Sheet, the Cash Flow Statement and
notes to the financial statements, including a summary of SKJnificant accounbng policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kirodom Accounting Standards (United Kingdom
Generally Accepted Accounting Practs'ce).
In our opinion the financial statements=
give a true and fair view of the stsle of the charity's affairs as at 31 August 2024 and of its incoming resources and
application of resources. for the year then ended,.
have been properfy prepared in accord8nce wrth United Kingdom Generally Accepted Accounting Practice; arKI
hav6 been prepared in accordance with the requiremenls of the Charities Act 2011.
Basis for oplnion
We conducted our audit in accordance with Intemational Standards on A￿ltIng (UK) IISAS {UK}) and applicable law. Our
responsibilities under those standards are fijrther described in the Auditors. responsibilities for the audit of the financial
statements section of our report. We are independent of the charity in acwrdance with the ethical requirements that are
relevant lo otsr audit of the financial statements in the UK, including the FRC'S Elhical Standard, arKI we have fulfilled our
other ethical responsibilities in accordance wtth these requirements. We believe that the audit evidence we have obtained is
sufficionl and appropriate to provide a basis for our opiniori.
Conclusions relating to going Concern
In auditing the financial slalements, we have concluded thal the trustees. use of the going concem basis of accounting in the
preparation of the financial slalements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or (x)nditions that,
individually or collectively, may cast sign¢ficanl doubl on the charity's ability to c4)ntinue as a going concem for a period of at
least tsvelve months from when the financial statements are authorisexy for issue.
Our respoNsibilities and the responsibililies of the trustees with respect to going Co[￿eM are described in the relevant
sections of this report.
Other Infomiation
The trustees are responsible for Ihe other infonnation. The other ufftimiat•)n comwises the information included in the
Annual Report. other than the financial statements and our Rewrt of the IndepeThJent Auditors thereon.
Our opinion on the financial statements does not cover the other infomiation and. except to the extent otherwise explicitly
ststed in our report, we do not express any form of assuran￿ conclusion thereon.
In connection with our audit of the finanoal statements, our tEsponsibility is to read the other information and, in doing so,
consider whether the other infomiatton is materialty inix)nsistent Wtth the financial slalemenls or our knowledge obtained in
the audit or otherwise appears to be materially misstated. IF we identtfy such material inconsistencies or apparent material
misslalements, we are required to detem)ine whether this gives rise to a material misstatement in the financial statements
themselves. If. based on the work we have perfonned. we conclude that Ihere is a material misststemenl of thi5 Other
information, we are required lo report that fact. We have nothing to report in this regard.
Matters on vA)ich wg are required to report by exception
We have nothing to report in respect of the following matters where the CharttÈes {AcLounts and Reports) Regulations 2008
requires us to report lo you if, in our opinion=
the infomation given in the Report of the Trustees is inconsistent in any material respect with the financial statements- or
sufficient accounting records have not been kept: or
the financial statements are not in agreement with the accounting records and retums: or
we have not received all the infomiatson and explanats'ons we require for our audr(.
Responslbllitigs of trustees
As explained more fully in the Statement of Trustees. Ressy)nsibilities, the trustees are responsible for the preparation of the
financial statements which give a true and fair view. and for such intemal control as the trustees detemiine is necessary lo
enable the preparation of financial ststements that are free from material misstatement, whether due to fraud or emr.
Page 15

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
MID DERBYSHIRE METHODIST CIRCUIT
In preparing the financial statements. the tnJslees are responsible for assessing the charity's ability to continue as a going
con¢em, disclosing. as applicable. matters related to goirKJ concem and using the going concem basis of accounting unless
the trustees either intend lo liquidate the charity or to cease operations. or have no realistic attematNe bLrt to do so.
Our responslbllities for the audit of the financlal statements
We have been appointed as auditOFS under Section 144 of the Charittes Act 2011 and report in acwrdance wrf(h the Act and
relevant regulations made or having effect thereunder.
Our obje¢lives are to obtain reasonable assurance about whether the financial statements as a whole are free from matertal
misslalement, whether due lo fraud or error. and to issue a Report of the Independent Auditors that includes our opinion.
Reasonable assurance is a high level ol assurance, bul is not a guarantee that an audit conducted in accordance with ISAS
{UKI will a5ways delecl a malerial misststement when it exists. Misstatements can arise from fraud or error and are
considered material rf, individually or in the aggregate. they ￿vId reasonably be expected lo influence the economic
decisions of users taken on the basis of these financial statements. Because of the inherent limitations of an audit, there is a
risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or
nOn-c￿mpliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the
events and transactions reflected in the financial statements. as we wll be less likely to become aware of instances of non-
compliance. The risk is also gfeater regalding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion. omission or misrepresentation.
The extent to which our procedures are capable of detecttng irregularrbes. including Iraud is detailed below:
Irregularpties, including fraud. are instances of non-c£smpliance with laws arnl regulations. We design procedures in line with
our responsibilities, outlined above, to detect material misstatements in respect of irregularities. including fraud. The exlenl to
which our procedures are capable of detecting irregularities. inclLNJing fraud is detailed below:
In identifying and assessing the risks of material misststement in respect of irregularities. including fraud and non-compliance
with laws and regulations. we considered the folkJwing-.
-The nature and control environment of the charity
-our discussions with management and govemance including whether they had knowledge of any actual, suspected or
alleged fraud
-The internal controls lo mitigate the risks of fraud
Following our review, we have identified Ihe following areas which are deemed to have the greatest potential for fraud or
material misslatemenl wilhin the financial statements-.
-The recognition of rental income from freehold invesbnent properties
-The recognition of assessments from churches
-The valuation of estimates in respect of freehokl investment propeities
-The valuation of finanryal investments
-management override
We also considered any laws and regulalK)ns that were ￿ntral lo the operation of the charity including charity law and
employment law.
The following procedures were undertaken in respect of the Tf5ks where we identified the wtenlial for material misslalement:
At the planning stage of the audit, we reviewed controls pul in place by the board of trustees. We also carried out 8 ￿VIeW of
the minulgs of trustee meetings.
Income Imnsaclion testing was performed to test cnmpleteness of income. This included agreeing rental income to leases in
respect of freehold investment properbes to ensure that all propeities received regular income in the year. We also carried
out a review of monthly assessments from churches which are set by an annual budget. Where there were periods of no
income in respecl of freehold investment properties we referred to period￿ statements from managing agents appointed by
the trustees and Trvstees, Board minutes to justify the reasons for thi5.
In respect of assessments on churches. we referred to Trustees. Board minutes to justify any non paymenls and carried out a
subsequent events review lo detemiine any debtor balances cleared after date.
Page 16

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
MID DERBYSHIRE METHODIST CIRCUIT
We test8d the valuation of estimates in respect of freehold investment properb"e5 by obtaining a trustees, valuation. The
valuation of investments was tssted to reports from the Centr81 Finance Board of the Melhodisl Church.
Freehold properties held at deemed cost or valuation were tesled to tnjstees. waluations for any indications of impaimient.
None were identified.
Consideration was given to the relian￿ on the use of experts in respect of the management of the rental investment
properties.
Journal entries were remewed for appropriateness and enquiries made of management as to the procedures in place for
posting joumal entries. During our audit we considered any large. unusual journals or transaction5 outside the normal course
of business. Very fewjoumals were posted in the year.
The finanaal statements were reviewed alongside our disclosu￿ checktists to identify any unusual or unexpected
relatsonships or any areas of non-compliance. Discussions We￿ heKI w¢lh management where it was wnsidered additional
disclosu￿5 were required.
We remained alert to any indications of fraud. material misstatemenl or non-Q)mpliance with laws and regulallons throughout
the audtl including those relating to the financial statements.
A further descript¢on of our responsibilities for the audit of the financial statements is locat￿9 on the Financial Reporting
Council's website at www.frc.org.uklaudttotsreswnsibilities. Thts description fomis part of our Report of the lThJependent
Auditors.
Use of our report
This report is made solety to the charity's trustees. as a t¥Jdy. in accordan￿ with Part 4 of the Charities {Accounts and
Reports) Regulakn"ons 2008. Our audr( work has been undertaken so that we might state to the charivs trustees those
atters we are required lo state to them in an audFtors' report and for r¥) other purpose. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than the Charity and the charity's trustees as a body, for our
audit work. for this report, orfor the opinion5 we have fomied.
Johnson Tidsall Limited
Chartered Accountants
& Statutory Auditor
81 Burton Road
Deffoy
Derbyshire
DE1 1TJ
Date: .............................................
Page 17

MID DERBYSHIRE METHODIST CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Circuit
Model
Trust
Fund
Unrestricted
nds
Restricted
fund
Total
funds
Total
funds
Notes
INCOME AND ENDOWMENTS
FROM
Donations and legacies
4.401
4,401
200,867
Charltable activities
Assessments on churches
Worship cenlres
Mission and outreach
256,839
256.839
151,158
4,466
270,606
103,308
151.158
4.466
Investment income
Other income
46,311
233,881
55.835
102.140
234.081
108.946
11.533
200
Totsl
537.031
206,993
9,067
753.IVJ1
695,260
EXPENDITURE ON
Charitable activities
Assessments on churches
Worship centres
Mission and outreach
413,270
2.000
413.270
744,719
44,864
504,416
19,156
75,853
742,719
44.864
Other
10
17.647
37.832
55,479
98.196
Total
432.917
780.551
44.864
1.258.332
697 621
Net gainsllk)sses) on investments
6.312
90,384)
NET INCOMEIIEXPENDITUREI
Transfers between funds
104.114
797.926
(567,246)
797,926
(35,797)
{498,929)
(92,7451
19
Net movement in funds
(693,812)
230.680
(35.797)
{498.929)
(92,7451
RECONCILIATION OF FUNDS
Total funds brought forward
3267,890
900,211
125,014
4.293.115
4,385.860
TOTAL FUNDS CARRtED
FORWARD
2.574.078
1.130.891
89.217
3.794,186
4,293,115
The notes form part ofthese finanaal ststements
Page 18

MID DERBYSHIRE METHODIST CIRCUIT
BALANCE SHEEr
31 AUGUST 2024
2024
2023
Circuit
Model
Trust
FurKI
Unrestrict￿1
funds
Restricted
fund
Total
funds
Total
funds
Notes
FIXED ASSETS
Tangible assets
Investment property
14
15
1.179,348
1255,000
28.568
1,207,916
1,255,000
1,651,171
1,605,000
2,434.348
28.568
2,462,916
3.256,171
CURRENT ASSETS
Debtors
Investments
Cash al bank
16
17
78.145
3,701
65,795
1.096,618
3,822
85.668
6S,795
1.237.657
48.682
59,483
982.2Q9
84.212
56.827
162,357
1.166.114
60.649
1,389,120
1,090,374
CREDITORS
Amounts falling due within one
year
18
{22,627)
(35.223)
{57,850)
153,4301
NET CURRENT ASSETS
139,730
1.130.891
60.649
1,331,270
1,036,944
TOTAL ASSETS LESS
CURRENT LIABIL￿lEs
2,574.078
1.130.891
89.217
3,794,186
4,293,115
NET ASSETS
2.574.078
1.130.891
89.217
3.794.186
4,293,115
FUNDS
Unrestricted funds
Restricted funds
19
3,704.969
4.168,101
125,014
TOTAL FUNDS
3.794.186
4.293.115
The financial statements were approved by the Board of Tnjstees and authorised for issue on .
and were signed on its behalf by..
Trustee
The notes fi)m part of these )Inanaal ststements
Page 19

MID DERBYSHIRE METHODIST CIRCUIT
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
740.045)
Net cash used in operating activities
740.045
Cash flows from investing activities
Purchase of tangible fixed assets
Sale of tangible fixed assets
Sale of investment propety
12.433)
656,137
341.789
(40,0461
Net cash pn)wded byllused in) investing activities
995,493
Change in Cash and eash equlvalents Sn
the reportlng period
Cash and cash equivalgnts at the
beginning of the reporting period
255.448
149,5451
982.209
1,031,754
Cash and cash equivalents at the end of
the reporting perlod
1.237.657
982.209
The notes fomi part ofthese finanual slatements
Page 20

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
RECONCILIATION OF NET EXpEND￿uRE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Nèt expenditure for the reporting period {a$ per the Statement of
Financial Actlvltles}
Adjustments for:
Depreciation charges
{Gain)Ilosses on investments
Pmfit on disposal of fixed assets
Increase in debtors
Increasel{decreasel in credito
{498.9291
192,745}
8,188
(6,312)
(210,426)
{36,986)
4,420
10.113
90,384
17511
16,500
Ngt Cash used In operatlons
740.045
9,499
ANALYSIS OF CHANGES IN NET FUNDS
At 119123
Cash flow
At 3118124
Net cash
Cash al bank
982.209
255.448
1.237,657
982209
255.448
1237,657
Llquld rgsources
Deposits included in cash
Current asset investments
59.483
6.312
59.483
6.312
65.795
Total
1 041.692
261.760
1,303.452
The notes fomi part of these finanaal statements
Page 21

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
STATUTORY INFORMATION
Mid Dert)yshire Methodist Circuit is a charity registered in England and Wales. The charity's, registered charity
number and registered office address can be found in the refere￿0 and administrative details of the Report of the
Trustees.
ACCOUNTING POLICIES
Basis of preparing the flnancial ststements
Th8 financial statements of the charity, which is a public benefit entity under FRS 102. have been prepared in
accordance with the Charities SORP (FRS 102} 'AccountiThJ and Reporting by Charities.. Statement of
Recommended Practice applic8ble to charities preparing their accounts in accordan￿ wth the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 20191,. Financial Reporting
standard 102 The Financial ReportÉThJ StarKSard applicable in the UK and Republic of Ireland, and the Charities Act
2011. The financial statements have been prepared under the historical cost convention, as modified by the
revaluation of ￿rtain assets.
The currency basis for the preparat¥)n of these finan(ial statements is pound steding {£1.
Going concern
The trustees regulady monitor the charity's reseNes policy, risk assessment and cash flow to assess the viability of
the charity. The trustees have sold, and are in the process of selling sorne of its manses and investrnent properties.
Proceeds of sale will be set aside lo meet the ftjture plans of the trustees.To date, no material uncerlainties exist that
would affect the preparation of the financial ststemenls on a goiNJ o)ncem basis.
Signifi¢ant judgements and ostimates
The following judgements (apart from those invofving estimates) have been made in the process of applying the
charity's accounb'n9 policies that have had the mosl signfficant effecl on amounts recognised in the financial
statements..
The key source of estimation uncertainty in the financial statements is investment propety valuation. The investment
properties were infomially valued by a professional valuer in the year ended 31 August 2023. The valuation is
considered annually by the trustees and they have ￿nfIrmed no charKJes as at 31 August 2024.
Income
All income is re(x)gnised in the Statement of Finanaal Activities once the chartty has entiuemenl to the funds, it is
probable that the income will be re￿iVed 8Th1 Ihe amount can be measured reliably.
Donations, lega￿eS and similar incomiNJ resources are induded in the year in which they are re￿Ivable, which is
when th8 charity becomes entitled to the resource.
Rental income and assessments on churches Includ￿ in the period to which it relates. Amounts received in
advanco are deferred to the following period.
Income from investments and interest on s￿rt term deposits is ac(x)unted for in the year in which tt is receniable.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commitbng the charity
to that expenditure. tt is probable Ihat a transfer of economic benefits will be required in settlement and the amount of
the obligation can be measured ￿lIablY. Expenditure 5s aco)unted for on an accruals basis and has been classffjied
under headings that aggregate 811 cost related lo the category. Where costs cannot be directly attributed to Particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Grants
Grants made by the Circuit from its own funds are recognised in full at the time of agreement or whell the Circuit
accepts that there is a legal or operational obligation to make the payment.
VAT
The Circuit is not registered for VAT and all input VAT is charged with the expenses to which it refers.
Page 22

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES - continued
Tanglble fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings
straight line over 5 years and Straight line over 15 years
Tangible fixed assets are capilalised if they have a lrfe exceeding one year and a cost of at least £1.000.
The freehold property is shown in the financial statements at 2015 deemed cost values except for one propety
reclassified from the investment propety wrtfolio in the 2023 year. No depreciation is provided on the buildings as
the trustees consider that the cuffent residual fair value of the manse buildings is not less than its value as reflected
in the financial statements. Should depreciation have been provided, the amount would be immaterial.
The properties have been reviewed for impaimient.
Investment property
Investment prop8rty is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair
value is recognised in the Statement of Financial Acb"vities.
Investment properties are included al fair value at the balance sheet dale and an infomial valuation has been
included for the year ended 31 August 2024 based on estimates agreed by the tnjstees after taking into account the
informal professional valuation carried out as at 31 August 2023.. The truslees consider the values of the investment
properties on an annual basis in the years where a professional valualton is not carried OUL
Current asset investments
Financial investments a￿ staled at a fair valuation at the balance sheet date and are revalued annually.
Gains and losses on disposal and revaluation of investments are chaffded lo the Stalemenl of Financial Activities
(SOFA).
Debtors and creditors
Debtors and creditors are re(x)gnised at the invoiced amunt after any discount offered. Prepayments and accruals
are valued at the amount calculated.
Debtors are receivable wthin twelve months and include the September stipend paid in August.
Creditors include both sundry expenses and spe(ifully the September assessments recewed in August.
Taxatlon
The charity is exempl from tax on its charitable 2CtiMties.
Fund accounting
The charity has unrestricted funds and designated funds. All funds are used to benefit and promote its charitable
objects.
Unrestricted funds are general furKls that are available for use at the trustees, discretion in fvrtherance of any
objectives of the charity.
Designated funds are unrestricted funds set aside at the discretion of the trustees for specific purposes.
Restricted funds are those donated for use in a particular area or for specAfic purposes, the use of which is restricted
lo that area or purpose and the resth"ction ffleans that the funds can only be used for specific projects or aclwities.
When donors specify that donations and grartts are for parhcular purposes which do not amount to pre-conditions
regarding enlttlement. this income is included in inwming resources of restrict￿1 funds when receivable. The Trlevant
expenditure is then matched as restricted expenditure.
Page 23

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and puT￿se of eath fund is induded in the Th)tes to the financial ststements.
Pension costs and other post-retirement benefits
The charity operates a defined contn"butK)n pension scheme. Contributions payable lo the charity's pension scheme
are Charged to the Statement of Finanaal Actiwties in the period lo which they relate.
Financial instruments
Financial instruments are classffied a￿1 accounted for, according to the substance of the contractual arrar@ement, as
either financial assets. financial liabilities or equity instruments. An equity instrument is any contract that ev(der￿S a
residual interest in the a&sets of the company after deducting all of its liabilities.
DONATIONS AND LEGACIES
2024
2023
Donations
Legacies
Grants
401
197,586
2.600
4.000
4.401
200.867
Grants received, included in the above. are as follows-
2024
2023
Derbyshire County Council
Amber Valley District CounGil
3.000
1.000
2.600
4.000
2,600
Grants r81ate to the setting up of the food bank at the DwelliTrJ Place.
INVESTMENT INCOME
2024
2023
Rents received
Short term accounts
43,606
58,540
73,423
35,523
102.146
108,g46
Page 24

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Assessments on thurches
Assessments on churches
Worship centres
Mission and outreach
Assessments or share
Gmnls
Sale of closed churches
DwellirKJ Place income
236.194
20,645
151,158
4.466
270,606
103,308
412,463
373,914
Grants received. included in the above. are as follows..
2024
2023
Methodist Church
20,645
Grant relates to a contribution towards manse adaptation wotk.
OTHER INCOME
2024
2023
Gain on sale of langible fixed assets
Church sales items and sundry
District reimbursement- Deputy Chair
Pension repayment
218.637
533
11,QC
15,000
234 081
11.533
CHARITABLE AcTIV￿lEs COSTS
Direct
Costs Isee
note 8)
Support
sts (see
note 91
Totals
Assessments on churches
Worship centres
Mission and outreach
399.679
742.719
44.864
13,591
2,000
413,270
744,719
44,864
1.187.262
15.591
1 202,853
Page 25

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
DIRECT COSTS OF CHAR￿ABLE AcT￿lEs
2024
2023
Staff costs
District assessment
Telephone & travel
I￿SUranCe & utilities
Ilkeston project
maintenan￿ of manses
Other Circuit propety costs
Mission events and food bank
Other expenditure
Depreeiation
200,347
395,727
22,010
22.712
390,000
46,770
80,774
20,362
372
8.188
230,232
102,647
17,007
22,258
107,857
101,443
1.868
10,113
1.187.262
593.425
SUPPORT COSTS
Governance
costs
Finance
Totals
Assessments on churches
Worship centres
8,211
5.380
2,000
13,591
2,000
8,211
7.380
15,591
Support Costs. included in the above, are as follows-
Flnance
2024
Assessments
on
churches
2023
Total
activiiies
Loss on sale of tangible fixed assets
211
Govemancg costs
2024
2023
Assessments
on
churches
Worship
cenlres
Total
activrties
Totsl
activities
Auditors, remuneration
5.380
2.000
7.380
Page 26

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
10.
OTHER
2024
2023
Other expenditure
Grants and donations
Contribubons lo District fund
15.521
4,735
35.223
20,611
58,750
18.835
55.479
98.196
During Ihe year grants were awarded to churches by the Circuit trustees amounting lo £4,735 12023.. £58,750).
These were paid from the general fund.
Grants are awarded in relation lo specific churth projects.
11.
TRUSTEES. REMUNERATION AND BENEFITS
Trustees during the year include clergy appoinled to churches wilhin the Cirojit. Stipends and allowances are paid by
the Methodist Church for the administral•)n of their duties.
Remuneration and benefits paid to Injstees during the year amounted to £132,081 {2023.' £170,655).
In addition. salaries of £57,531 12023-. £50,093) were paid to Circuit employees. who are a￿0 trustees. for
administration. accountancy and pastoral seThices throughout the year.
Trustees. exp9nses
Payments to Iruslees for the reimbursement of expenses. as agreed with the Circuit meeting, amounted to £18,437
{2023: £13,424) in respect of g (2023: 10) tnjslees.
Expense payments primarily relate to the reimbursement of travel and office costs.
12.
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pension costs
158.174
13.549
28,624
181,142
15.298
33,792
230,232
The 2024 gross charge includes removal costs of £nil (2023: £7.683).
The average monthly number of employees during the yearwas as follows=
2024
2023
Administration and pastoral salaries
Stspends
No employees received emoluments in excess of £60,￿0.
The full time equiv81ent is 6 12023: 7}
Page 27

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
13.
COMPARATIVES FOR THE STATEME1￿ OF FINANCIAL ACTIVITIES
C1￿Ult
Model
Trust
Fund
UnrestricteAI
funds
Restricted
lund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
200,867
200,867
Charitable activities
Assessments on churches
Worship cenlres
270.606
270,606
103,308
103,308
Investment income
Other income
76.730
11.533
32,216
108,946
11,533
Total
358.869
135.524
200.867
695,260
EXPENDITURE ON
Charitable activitie5
Assessments on churches
Worship centres
Mission arKI outreach
504,416
1,833
504,416
19,156
75.853
17.323
75.853
Other
r/.845
20.351
98.196
Total
584.094
37.674
75.853
697,621
Net gainslllosses) on investrnents
90,000
3841
90,384
NET INCOMEI(EXPENDITURE)
Transfers between funds
1315,225)
174.000
97.466
174.0001
125,014
192.7451
Net movement In funds
1141.225)
176.534)
125,014
192.7451
RECONCILIATION OF FUNDS
Total funds brought forward
3.409,115
976.745
4,385,860
TOTAL FUNDS CARRIED FORWARD
3.267.890
900.211
125,014
4,293.115
Page 28

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
14.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Totals
COST
Al 1 September 2023
Additions
Disposals
1,614.270
60,749
2.433
1,675.019
2.433
437.500
437.500)
At 31 August 2024
1.176.770
63,182
1 239,952
DEPRECIATION
Al 1 September 2023
Charge for year
23.848
8.188
23.848
8.188
Al 31 August 2024
32,036
32,036
NET BOOK VALUE
Al 31 August 2024
1.176.770
31,146
1,207,916
At 31 August 2023
1.614.270
36.901
1.651.171
Freehold land and buildings were valued by the trustees in September 2015. Under transition to FRS 102 these
values were adopted as deemed cost.
The title to the propertie5 is held on behaw of the Mid Derbyshire Methodist Circuit by the Trustees for Methodist
Church Purposes.
15.
INVESTMENT PROPERTY
FAIR VALUE
At 1 Seplember2023
Disposals
1,605.000
350,000
At 31 August 2024
1.255,000
NET BOOK VALUE
At 31 August 2024
1.255 000
At 31 August 2023
1,605.000
Fair value at 31 August 2024 is represented by=
Valuation in 2021
Valuation in 2022
Valuation in 2023
Valuation in 2024
1,118,455
851,545
1365,000)
350 000
1,255 000
The investment properties were infomially valued by the trustees as at 31 Augusl 2024.
The historic cost of the properties is not known.
Page 29

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
15.
INVESTMENT PROPERTY- continued
The title to the properties is held on behalf of the Mid Derbyshire Meth)dist Circuit by the Trustees for Methodist
Church PufPOSes.
16.
DEBTORS: AMOUNTS FALLING DUE W￿H1N ONE YEAR
2024
2023
Other debtors
48.682
17.
CURRENT ASSET INVESTMENTS
2024
2023
Other
65.795
59,483
18.
CREDITORS: AMOUNTS FALLING DUE ￿THIN ONE YEAR
2024
2023
Other creditors
57.850
53,430
19.
MOVEMENT IN FUNDS
Net
movement
in funds
Trdnsfers
belween
funds
At
3118124
At 119ll3
Unrestricted funds
General fund
Clrcuit Model Trust Fund
Revaluation
2,506,345
900.211
761.545
104.114
(567,2461
(797,926)
797.926
1.812,533
1,130.891
761.545
4.168.101
(463,1321
3,704,969
Restricted funds
DweS1ing Place
125.014
{35,797)
89,217
TOTAL FUNDS
4,293.115
498,9291
3.794,186
Nel movement in funds, induded in Ihe above are as follows:
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
Unrestrictgd funds
General fund
Circuit Model Trust Fund
537.031
206 993
(432.917)
780.551
104,114
567.246
6.312
744,024
11.213A68)
6,312
(463,1321
Restrlcted funds
Dwelling Place
9,067
(44.864)
135.797)
TOTAL FUNDS
753,091
1.258.332
5,312
498,929}
Page 30

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2024
19.
MOVEMENT IN FUNDS - continued
Comparatives for movement In funds
Net
movement
in funds
Transfers
between
funds
At
3118123
At 119122
Unrestricted funds
General fund
Circuit Model Trust Fund
Revaluation
2,557.570
976,745
851.545
1225.225)
97.466
90.000)
174.000
1174.0001
2,506.345
900,211
761,545
4,385,860
(217.7Sg1
4,168,101
Restricted funds
Dwelling Place
125.014
125,014
TOTAL FUNDS
4.385.860
92.745
4.293.115
Comparative net movemenl in funds. included in the above are as follows:
Incoming
Resources
expended
Gains and
losses
Movement
in funds
Unrgstricted funds
General fund
Circuit Model Trust Fund
Revaluation
358,869
135.524
(584.094)
137.6741
(225,2251
97,466
90,0001
13841
90,0001
494,393
{621.768)
190.3841
1217,759}
Restricted funds
Dwelling Place
200.867
(75,853)
125,014
TOTAL FUNDS
695.260
697,6211
90.3841
92,7451
The Circuit Model Trust fund includes a balance of £533.328 {2023-. £549.9091 which is a desunaled fund for the
purpose of ReseNe Projects. The movement in the year represents interest received less payments lo Darley Dale
Church and administration (x)sts. This fund is likdy to be utilised further within the next tsvelve months.
The funds that support the Circuit Model Trust Fund are held by the Tnjstees for Methodist Church PurFoses ITMCP)
n Trustees Interest Funds on which interest is (Trjited on a monthFy basis.
TMCP is the legal owner and Custodian Tnjstee of all Mefhodisl Model Trust propety. inctuding accumulated funds.
Trust property is held for and on behalf of local managing Iruslees who are responsible for the day to day
management of trust propety. TMCP ensure that. through providirvJ guidance and acting under their directi()n, th
managing tTuslees comply with charty law and methodist law and policy as determined by the Methodist Conference.
Restricted fund: Dwelling Place
This relates tr) income from a legacy released by the Trustees for Methodist Church Purposes {TMCPI for the sole
used of the church and buildings at Mansfiekl Road, Heanor, DE75 7AQ.
Expenditure relates to the repair and maintenance of church buildings and their utilisatK)n for outreach work within
the area, including a food bank which CoMmen￿d in November 2023.
Page 31

MID DERBYSHIRE METHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024
19.
MOVEMENT IN FUNDS- continued
Transfers between funds
During the year a transfer of £200,000 was made from the Truste&% for Methodist Church Purposes ITMCPI to the
General fund. The funds were released o assist wth funding stipends. salaries and general administt3tion of the
charity.
In addition, there was a transfer of £997,￿6 from 1he Gener81 fund to the Trustees for Methodist Church Purposes
ITMCPI. This represented the sale proceeds on di5FK)sal of two manses a￿1 one investment property in the year.
The costs of these assets had been represented in the general fvnd but since TMCP act as custodian for the assets,
the sales were effected through the TMCP account and they retain the funds for future draw downs as requested by
the Circuit, subject to levies paid.
The net amount transferred from the General fund to the Trustees for Met￿diSt Church Purposes TMCPI amounted
to £797,926.
20.
RELATED PARTY DISCLOSURES
Stipends and salaries paid to trustees in the year are dets1￿ in note 9 of these financial statements.
Page 32