SALFORD METHODIST CIRCUIT
Reglstered Charity No 1143819
ANNUAL REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

INDEX
Page
Adminislralive information
Truslees. Report
Independent Examiner's Report
Slalemenl of Financial Activities
Balance Sheet
10
Slalgmenl of cash flows
Notes to the Financial Slalemenls

8ALFORD MEfHODIST CIRCUIT
ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDEO 31 AUGUST 2024
TRUSTEES
Nama
Gordon Allen
Jane Austin
Lynelle Brocklehursl
Michael Brocklehursl
Elaine Buckley-Hall
Caro18 Burgess
Norman Burgess
Robert Burgess
Ruth Dawson
John Ealon
Beryl Emery
Elaine Harden
Gordon Hardman
Frederick Harrison
lan Huddleston
Harry Hunt
Mylvia Hunt
Brenda JeffrÈy
Barbara Johnson
Mavis Lamb
Fiev John Palmer
Muriel Sliles
Martin Slyan
Elizabeth Thornley
Phil Thornley
Bryan Trevor
Margaret Vaughan
Sheila Wakefield
Kimberfey WilcDX
Palrieia Wilson
Appointed by:
EmmanLJel
Circuit Meeting
Circuit Meeting
Monlon
Glazebrook
Circult MBèling
The HÈighl
Circuit Meeting
Monlon
Sl Paul's
Circuit Steward
Emmanuel
Emmanuel
Wesley
Local Preachers
Glazebrook
Glazebrook
Circuit steward
The Height
Sl Paul's
Ex-officio
Circuit Meeting
Circuit M8&ting
Circuit Meeting
Circuit Meeting
Sl Paul's
Wesley
Wesley
The Height
Local Preachers

8ALFORD MEfHOD18TCIRCUIT
ADMINISTrATIVE INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024
CIRCUIT LEADERSHIP TEAM and Circuit Stewards (all of whom are Truste851
Rev John Palrner
Mrs J Austin
Mr5 C Burgess
Mrs B Emery
Mrs B Jeffrey
Mr M Sfyan
Mrs E Thornley
Mr P Thornley
Superintendent Minister
CIRCUIT MINUTE SECRETARY
Mrs Patricia Gondongwe
SUPERINTENDENT MINISTER'S MANSE
15 Sunflower Meadow
Irlam
Sallord
Manch8s16r M44 6TD
MANAGEMENT ACCOUNTANT
Katherine France
18 Banbury Mew5
Swinlon
Manchester M27 9QZ
INDEPENDENT EXAMINER
Peter Smith BA FCA DChA
Peler Stnilh Accountancy Services
Chailered Accounlanls
9 Polruan Road
Chorllon
Manchestgr M219NR
BANKERS
Unity Trust Bank pl¢
Four Brindleyplace
Birmingham B1 2J8
INVESTMENT MANAGERS
Central Finan￿ Board of tha M8lhodi5t Church
9 Bonhill Street
London EC2A 4PE
REGISTERED CHARITY
1143819

8ALFORD MEfHODI8T CIRcurr
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Th8 Trustees present their Annual Report log8lh8r with the financial slalements of the charity for the year ended 31 August 2024.
REPORTING FRAMEWORK
The financial slalen)enls comply with th8 Charities Act 2011 and 'Accounling and Reporting by Charili8s.- Slalemenl of
Recommended Pra¢li¢e' applicable lo charities preparing their accounts in accordance with the Fin8ncial reporting Standard
appli¢able in the UK and Republic of Ireland IFRS1021 (effeclNe 1 January 20191, referred lo as the Charities SORP IFRS 1021
Isècond odilion- October 20191.
OBJECTIVES AND ACTIVITIES
Charitable Objectives
The Circuil shargs the same charllable objectives as Iho rest of the Melhodisl Church. which are sel out a5 fDIIows'.
°rhe purposes of the Melhodisl Church are 8nd shall be d6en7ed to have been since the date of Union the advancement of -
faj thé Christian faith in accordanoe with thg doctrinal standards and the disciplin6 of the M&lhodisl Church,.
(b) any charitable purpose for the lime bging of any Connexional. District, Circuit, loc&1 orother organisatson of th8 Methodist Church..
(c) any charitable purpose for th& lime bèing olany socioly or inslil(Ilion subsidiary or ancillary lo Ihe Melhodist Chur¢h,'
(d) any pun)ose for the time being of any cha17ty being a charity subsidiary or ancillary to the Methodist Church.
Aims
The Circuit seeks to INe out the calling of the Melhodisl Chur¢h, which is summarised thus..
"The calling of Ihp Methodist Church is lo respond to Ihg Gospel of God's love in Christ and lo live out 115 discipleship and mission.
Inspired by Our Calling. we aim..
lo incréase awareness of Gods pr6sonce and to celebrat& God's love
to help peopl& lo grow and learn as GhrisliAns Ilirough mutual support and care
lo be a good neighbour lo people in need ancl lo challenge injustic6
lo make mor8 followers of Jesiis Christ
Activitle5 and Publlc Benefit
The Circuit enGourages and supports the Chuichés within il in the provision of iegular public acts of worship open lo mèmbers of lh8
Church and non-niembers alike.- the provision of sacred space for prayer and conl8mplalion.. the leaching of Christianily Ihrough
Sermons, courses and srnall group5.' pastoral work. including visiting thè sick and bereaved- the protnotion of Christianity through th8
staging of events and servic8S; the provision of youth clubs, sBnior citizens. Glubs. men's m88tings and women's meeting5 el¢ with
a Christian ethos- promoting the whole mission of the Church land aiding 5D¢ial cohesion) through activities for older people. parents
and toddlgrs and other specific needs groups,. and supporting other charities in the UK and oversBas financially and with prayer.
Contrlbution of Voluntetrs
The Circuit is heavily dep8ndgnl upon, and extremely grateful for, the contribution of volunteers as il seeks to carry out ils objecliv8S.
With th8 exception ol thè stipèndiary Superinlendenl Minister. all members of the Circuit LBadership Team and all othèr Charity
Iruslee5 are unpaid volunteers.
ACHIEVEMENT AND PERFORMANCE
The Circuit recogni59S that Church life is an ever<hanging picture including the lack of numbers in worship in sorne churches. Th8
need lo fill Ihe vital roles in each Church is in a delicate balance. the number ol people able lo lake on roles has decreased. However,
in sorne pzrts of the Circvil the￿ is a Sense of renewed vision and eager anticipation of rnoving forward into the future.
The Circuit Leadership Tearn ICLTI continues to meet online throughout tha year and continues lo plan and develop our mini51ry
and mission as well as trying lo address the conc8rn5 menlionsd above. In thg ¢ours8 of the year our Lay Pastrjral Assistant Ann8
HuddleslDn who wa5 ernploy8d part lime relir&d following much appreciated servic8 by both the CDngregalions al th8 Irlam &
Cadishead end of Ihe Circuil and our Superinlendenl Minister. We welcomed Gill Clayton as her 5uc¢essor who is serving the whole
Circuit on a full-lime basi5.
The former church buildings al Palricroft and Boundary Road were sold. A lot of lime and effort went into selling these buildings with
sBveral challenges having lo be overcome.

SALFORD MEfHOD18T CIRcurr
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDEO 31 AUGUST 2024
Throughout the year the Circuit continued to make grants lo support the churcheg including lo the Height towards a media projector
10 enhance worship. lo Emmanuel towards signage and £2k la each church towards utility costs. A wnlribulion towards the Circuit's
relirem8nt glft to Rev Dr Andrew Lunn was also made.
The Height was built 50 years ago and part of the building has a flat roof. Following the difficulli8s @ncounlered by 5chaols built in
the same era with RAAC used for flat roofs the chur¢h Iruslees look the responsiblè decision lo have the building surveyed. RAAG
having subsequently been id8ntifi@d the church closed in March 2024. Worship for rnosl of the congregation moved lo Emmanuel
where Ihey have been warmly welcomed and have made Contributions there in stewarding and leading Local Arrangemenls. Some
of thèir outreach work conlinued, namely the Prayer Tree which has rèrnained outside Ihe church and ¢onlinues lo be filled by
members Df the cornmunily with their prayers taken each weèk to Emmanuel. A150 continuing has been the very powerful Shawl
Ministry particularly lo those in special neèd facing difficult circumstances. Thanks ID the original trustees who ov8rsaw tha original
quality build and commissioned high grads RAAC lo be used with al the limè an expected life of 100 years, Ih8r8 has bean no
del&rioralion so far in the concretè slabs making up the flat roof parl of the building, specifically the con¢ourse and corridor. Hence
lo ensure the continuèd safely of the building the struolural 8ngineer was able to recornrnend a cosl-èff@clive solution involving
installing steel beams across the skylights. the potentially most vulnerable part of the roof. The cost of this was provided by a grant
from the Cir¢uil. The church was very fortunate to engage a local builder with PAAC experience who w￿hed to SLJpporl the church
and has instslled the steel beams al cost. The work has been signed off ID@c@mber 20241 by the slruclural engineer and the church
congregallon loaks foNard to reopening in January 2D25. This will allow the church's other outreach aclivilie5 which arè depandenl
on the buildlng being open to re51art as well as offering once More good spa¢& at reasonable cost lo many community groups. The
church has good ecumenical links and joint activities include spècial services, a weekly series of lunchtime meetings for Lenten
reflèctions and a joinl Christm85 card designed compelilively by a Child from a local primary school lo advertise services over the
sèason. The Height Gongrègalion have Continued lo be involvèd during the closure.
As al The Height, Sl Paul's Shawl Ministry continues lo be a much-valued outreach ministry. Glazebrook has good links with the pre-
school group that uses the premisès and Ihroughoul the year short services are led in the church by Rev John Palmer with children.
staff and parents supported by members of the congregation.
After the closures of both Palricroft and soon after Boundary Road most of those two congregations join8d our Wesley church. The
amalgarnalion of the three congiegalions has been very succe55ful resulling in one united church. They ar8 actively engaged in
seeking opportunitips for oulr8ach. The regular joint $8rvicgs beNveen Glazebrook. Sl Paul's and Wesley strengthen the bond
between these churches. Sl Paul's and lalledy Wesley have shared SDme Special services e¢umenically rnainly around wèek of
Prayer lor Christian Unily, Lent. Easter and Christmas.
Monlon Church has good ecumenical link5 with occasional joint service5 throughout the year including a joint Chrislma5 card wllh
the local Anglican Church which is d81iv8r8d in the local neighbourhood. Worship is well allended and forlnighlly holds an evening
service which has fairly good allendance and appreciated by members from across the Circuit. Monton is often used as a base for
special Circuit Service5 and regularly h051s the Local Preachers meeting. Two years ago, Monlon welcomed two Hong Kong families
whos8 children enjoy Junior Church which 15 very w811 run. Monton Toddler Group is a well-8slablished group and run by a dedicated
team of Church members. Monlon is a Stewardship Church with an emphasis on gifts as well as financially being used lor God. so
does no Church fundraising except occasional coffee mornings for Chrislian Aid 81c.
Monlon Church offers space lo community groups and there are weekly outreach aclivilie5 led by tnembers including the conlinualion
ol their Warm Space initiative when the hall is open for several hours on a Friday offering chal and rofreshmenls. During the course
Df the year the hall was refurbished as a lovely community space with beller storage facilities. Also, some windows were replaced
with a grant from the Circuit. The premises are not just used by Church groups and outside groups bul by the District for training
sessions i.e. Safeguarding and EDI courses. As a Church Monlon is being encouraged by the superinlendenl lo ensure that the
premises are in a good slate of repair with beller naliceboards. In early 2025 il 15 hoped lo have a Mission and Outreach Meeting to
explore better signag8 outsid8 the Church then moving this forward with an aBhi8vable Mission Plan for the néxt few years.
The building of Emmanuel Church and Community Centre was difficult and Ihe conlinuing upk&ep of the building ha5 been and
continues lo be challeriging. How8ver, thanks lo somg very dedicated service of some members al Emmanuèl and with ragular
lellings the building is probably in as good shape as il has ever been. together with the continued maintenance of the cleanliness of
both th8 worship space and 5uoh a busy community Genlre. There are some weekly chur¢h IBd activities there including Brew and
Chal and a Craft Group and a thriving Boys. Brigade. And il CDnlinues to Dffer a home lo many much-needed community groups as
wall as a Food Bank and Salford Food Parcels.
Across the Circuit rnany of our churches hold regular Coffee Moming5 which are very well allended and much appreciated both
within the churches and lo¢al community. For some p8oplg they are very much seen as a lifeline.
Churches continua 1018ad LAS as filling the Prèaching Plan beGotnÈs increasingly difficult. The Circuit continues lo fund copies of
Roots tnagazine lo all churches and also provides a 5ubscriplion for the Vine resources which include lully scripted services.
Our new Pastoral A5Si51ant Gill Clayton serve5 th8 whole Circuit and Is offering great support to members as well as to OUT
Superinlendenl Minister in this aspect of his work. She has also begun to offer and 5UPPOrt aclivilies such a5 Messy Church and
short meetings of reflections al key limgs in the Church year. Our Circuit Adminislralor, Patricia Gondongwe, and our Circuit Financo
Officer, Katherine Francts, both continue to offer exc8118nt support for the smooth running of Circuit affairs,
The new North W851 District made up of the former Manch8sl8r and Stockport, Liv8rpool, Lancashire. BDllon & Rochdale and
Cumbiia Dislricls came into being on 1 Seplember 2024. We awail lo see how this will impact our churches and District particularly
in the area of mission and outreach.

8ALFORD MEfHOD18TCIRCUIT
TRUSTEES. ANNUAL REPORT
FOR THE YEAR ENOED 31 AUGUST 2024
FINANCIAL REVIEW
The Circuit Assessment income was 3°/. IDwer than the previous year. This reduction was offset by increased rental income from
Li8berl Drive and Old River Close.
Lieberl Drive continues ID b@ let lo good tenants and the new tenants of Old Rivor Close are working out well. While the laller was
between lenan15 in September 2023. the Circuit took the opportunity lo refurbish the property.
Both Boundary Road and Patricroft sold al auction, and tho sales were CDmpl818d a month later In April 2024.
The procgeds from Boundary Road w8rB £148.4k, which is In linè with the Driginal 8xp8clalion.
Thè proceeds from Palricroft were £224.6k. Since Palricrofl Gea5ed Ic worship in 2020, Ihg expecled proceeds havè fluclualed
significantly. In the 2022123 AccDunls, £198k ol the Unrealised Loss on Revaluation relates to Palricroft. On completion of the sale,
£93k of the Realised Gain relates to Patricroft.
In 2023124, Boundary Road transferred £4.4k of Unre51rlcted funds lo the Circuit. In 2022123, Palricroft had transferred £6.7k of
Unre51ricled Funds and £11 k ol Reslricled Funds lo the Circuit.
As in the previoLJS year, the Circuit made a grant of 2k to each of the 6 Churches in the Circuit lowards rising ulilily bills. The Circuit
also madè olh@r gran15 01 £2.1 k.
In 2021, the Melhodisl Church appe81ed for contributions to the Pension Fund. The Circuit sent £53.8k. This year. Connexion relumed
the full amount plus interest of £4.604.
In 2024125. the Circuit Leadership Team (CLTI is expecting a number of grant applications from the churches.
Going forward, th8 Circuit curyenlly has a healthy cash position. While thgre will undoubtedly be pressures on Church incom8 and
IherefDr8 Circuit a55essmenls due to the cost of living pressures and olhor factors, these funLls should allow the Circuit lo support
ils Churches and the objectives of the Methodist Church.
Risk management
The Circuit Mèeting continues lo dèvelop procedur8s for identifying and addressing the risks facing the charity. 51 has already
enhanced ils financial pro¢èdures and, in common with other Churches, has developed robust procedures for safeguarding children,
young people, and vulnerable adulls.
Principal Funding Sourc85
Contributions from the Churches by way of Circuit Assessment ¢onlinu@ to be Ihp tnain source of funding, accounting
for 66 /,12023.' 77'/.- 2022.. 86 /.) of normal unrestricted incorne. The Circuit Assessment itself was only 3D/. Iow8r than the previous
year, and so the reduction in il as a percentage of norrnal unrestricted income is due lo increased Inveslm&nt income. Rental income
Ifrorn the former manses al Old Riv&r Close and Liebert Drivel accounted for 20 /. {2023.. 20Yo', 2022-. 13./1 of normal unr651ricled
income.
Investmont Policy and Review
Money held in the Circuit Model Tru51 Fund leffeclively thè balance of previous sales of property) is kept as ca5h-, the Circuit continues
lo bp alert lo Ihg potential lo achieve enhanced income by inv851ing part of this Fund in oilhGr equily-basgd or fixed interest funds
operaled by the Melhodisl Central Finance Board. bul the imperative lo relain good levels of liquidily in recent years justified a more
cautious approach. The situation is k8Pt under regular r8view, bul Ihg likslihood of swilching out of cash is Gonsidered sufficiently
rernole that the Model Trust Fund balance continues to b? classified a5 a current las opposed lo longer-terml asset.
Re5ervg5
Th8 Circuit seek5 to use all ils a55els for its charitable purposes, vvhilsl continuing lo secur& and maintain Ihg Circuit's financial
vlabilily. 11 seeks lo sel a balanced r&venue budget, in order Ihgt the ongoing normal costs of ministry, mission and management
are mel frorn inve3lmenl incom8. grants and donations, and Circuit Assessment. An ongoing programme of ralionalisalign of thè
Circuit's property portfolio was linked with the developrnenl of a medium term plan, which continues to seek ILTr identify future
requiremen15 of managernenl and mini51ry and to use part of the sale proceeds in 5UPPOrting those requiretnenls and developing
more innovativ8 schemes of mission and ministry.
In ordEr lo meet its ongoing financial obligations including the payment of slipttnds and Dr Di51ricl and Connexional a55&ssmènls
quarterly in advanc8 - and to meet unforeseen cirrurn51anc8s, the Circull n98ds lo maintain suffici8nl free res8rves. Th8Sg reserves
would enable the Circuil lo maintain ils mission and ministry in the short term if. for whatever reason, any individual Churches
ancDunler difficulties in paying Ih8ir assessmen15. Fr88 reserves are d8fined as unrestric18d rgserves le55 the inveslrnenl in tsngible
fixed assets. Having previously determined that free reserves should be equivalent lo belween 3 and 4 months of normal revenue
operallng costs. the irnpacl of the pandem1¢ on Church finances prompted the dècision lo hold an amount equivalent lo 6 months ol
normal costs. equating lo belween £75,000 and £80.000. At the end of the year, the free reserves stood al circa £585k. The Circuil
remains cornmilled lo ulilising these lo support the mission and ministry of the Church over th8 coming year5.

8ALFORD MEfHODI8T CIRCUIT
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
Current Needs and Future Plans
Within the context of the calling gf the Methodi51 Church las set out above). Ihg Circuit plans 10..
continue lo support and encourage each local congregation in mission and rninislry.,
establish and d@velop a training culturo within the Circuit, encouraging lay preachers in their devalopmenl. supporting
probationers and facilitsling the developrnenl of presbyters in training.,
continue lo review and actively manage the Cireuil's inve51menls in its financial and propgrty resources. seeking lo
s@18clively release resources for mission, mlnislry and outreach.,
work through tha Methodist Church stationing procedur8s to secure the appointment of new minisl8rial slafl as vacancies
are identifièd.,
continue lo work ecurnenlcally, especially in supporting and developlng established and new Local Ecumenical Partnerships
and with particular focus on the Angli¢an-Melhodist Covenant-
develop both at Circuit and local level medium lerrn plans for strategic development
Going Concorn
The Trusle&s have reviewed the circum51an¢8s of the Circuit and ¢onsider that adequate resources continue lo be availablè lo fund
ils a¢lNili6s for the foreseeable future. The Trustees are therefore ol the view that the charity is a going concarn.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Salford Methodist Circuit is part of the Melhodisl Church of Great Britain. The managing trustèes operate within the Melhodisl Churrh
Connexion and as such, their governing document is th& Conslilulional PraclicÈ and Discipline ICPDI of the Melhodisl Church. The
document is available for inspection by appoinlm&nt at 15 Sunflower Meadow, Irlam, Manchester M44 6TD.
Salford Methodist Circuit is registered 8s a separate charity. number 1143819.
Connected Charltlgs
The Churches forming th8 Circuit are IhÈmsalves chari11gs and, as they are responsible for Ih8ir own financlal affairs, they are not
reported in thes& slalemenls.
Appointment of Trustees
All mini51ers, presbyleral and diaconal, stationed In the Circuit by the Conference or de8med lo be resident in the CirGuII arè members
of the Circuit Meeting.
The follDwing are gx otficlo mBmbers of the Circuit Meeting..
Cir¢uil Stewards
appointed by the Circuit Meeting
Circuit Me81ing $8crelary
appointed by the Circuit Me8ling
Repre5enlalivès lo District Synod appointed by the Circuit Meeting
Local Preacheis Secrglary
appointed by thè Local Preach8rs' M8eling
Each Church is represented by a Church Steward. Ihe Church Treasurer and r@presenlalives appointed by th9 Church Council in
relation to the number of ChLJrch rnembers (one represenlalive for every 50 members). The Circuit Meetin9 has the power lo co-opt
other members as necessary. As at 31 ALJgust 2024 ther8 w8r8 30 members of the Circuit M98ting.
Trusteg rècrultmgnt, Inductlon and tralnlng
As outlined above, the appointment of the majority of the members of the Circuil Meeting is outside the conlfol of the Meeting. In
appointing the Circuit Leadership Tearn and other officeis, the Meeting has rggard lo the balance of ski115 and gifts that are nged8d
to further tha work of th8 Church. New mèmbers of the Lèad8rship Team aro inducted by tha Leadership T8am.
Organlsation
The Circuit Meeting is convened three limes a year. The Circuit Leadershlp Team. appointed by the Circuit Meeling, is responsible
for acting on behalf of the Circuit Meeting al other limes. The Leadership Tearn tneels al lea51 six limes per ye8r. The Circuit
Meellng retains responsibility for Selling the rnission priorities of the Circuit, the overall strategy lo delivèr those priorities. the invitation
of ministers, the oversight of local churches, the adrni55ion of people lo the office of Local Prearher, and decisions on fo)rmal
explorations of calls to ministry and candidates for thè ordained minlslry.
The Leadership Team is as51sled in the task ol financial oversight by the Circuit Finance Officer.
The Methodist Church appoints a minister lo be the Superinl8ndent Minislar of the Circuit, whose duties ar8 sel out in thE Standing
Ordgrs of the Church.

8ALFORD MEfHOD18T CIRCUIT
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED ai AUGUST 2024
Pay and Remuneration
Stipends and allowances for presbyters and d8acons (collectively mini518rsl are $8t annually by the Methodist Conference, and the
Circuit is responsible for meeting thosè costs for all ministers appointed by the cOnfe￿nce to the Circuit. Fuller disclosure is contained
in Note 21 to the accounts.
TRUSTEE5' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The law applicable lo charitie5 in England and Wal8s requires the Circuit Meeting to preparè financial slalemenls for each financial
year which give a tru8 and fair view ol the stsle of the Charity and of the surplus or deficit of the Charity for that period. In preparing
those financlal slalèmÉnts. the Circuit Meeting has..
s8lectod suitable accounting policies and appli8d them consi5tenlJy
made judgements and estimates that are reasonable and prudent
$181ed whether applicable accounting standards have been followed, subject lo any malerial departures disclosed and
explained in the financial stalemènls
prepared Ihg linancial stolements on the going conc8m basis
Th8 Circuit Meeting is responsibl8 for k88ping records which disclose with reasonable accuracy al any lime the finan¢ial position of
the charity and lo enable them to ensure that the financial statem@nts comply wilh applicable regulations. 11 is also responsible for
safeguarding the assets of the charity and hènce for taking steps for the prevention and dèl8clion of fraud and other irregularili&s.
ON BEHALF OF CIRCUIT MEETING
REV JOHN PALMER- TRUSTEE
Dale-

INDEPENDFNT EXAMINERS. REPORT
TO THE TRUSTEES SALFORD MEFHODIST CIRCUIT
FOR THE YEAR ENDED 31 AUGVST 2024
I rep(Jrt ta the charity InJ%lees on my examinat￿n of th¥ acoounls of the rhahty rot the yoarended 31 Augus12024 orp set oul
onpages 9 lo 21.
Responsibilitle$ artd ba$l¥ of r¢pfyrt
/1.* the chority's IN8tg96 you ore respon$itslo forih¢ pr&paration ottheaccoun15 iTr9CGord8nc8 Wth the requirements ofthe Charities
Att 20111'ih& Att,).
I reF>Qrt in respect of my ¢xamtn8tion of the charfty s accounts (%rri¢xl rAJt under settlon 145 of Ibe Ad and ID carrying out my.
rtxaminmllon I ho¥0 follt)wed 811 the &ppliGable threctigns giv¢n by tho Ch8riEy comrni5s￿n under 5¥Ctiw 145fS){b! of ACÈ.
Ind*pondgnt ¢xafftin•fs slkt"omont
Your aiiéntioii is drawn Iv the facl Ili#t Ihe ¢h4rily ht$ prepafèd fintin￿al $18temeiits ii) 8tLoidance with ArLotsnlinu Jnd Reporting
by Charilieg preparing (hair ac¢ounis in 8ccordance with the Fin#ncl41 keporting Stond8fd app5icatJle in th6 UK (FRS 1021 in
prel0r4n￿ to (ho Accounling #nd Repurtip.g by Charities.. Stal¢menl of R¢corrtmendod Practice issue*".on l April 20Q5 5knii¢h is
telgrred to In tho extant fogul&tions but Mas now btets wiU)drawn.
l uoderstand that Ihig has been done in tsr¢er for f￿￿0¢￿4{ stalemenis to providv a tru¢ and fAif vl4w in accorda(L& with Generally
Accepled A￿unt￿l9 Practice offtsctNe for roporting pvriod5 begwning Dn or afi$r 1 Jawary 2QlS.
Slncè tho charity's 9r¢ys ift¢omtt ¥xcftod¢d £250,000 your examiner muBt b¢ a m¢mbw of a bo4ty listed in s¢olion 14uf ol tho Ad. I
onfim Ihal l arn w&lifie¢ tv trJn¢*rt&%8 +the ftxamiD41iun booatsst l a meml)grof tho I¢AÈrn¥ whi¢h is ¢sne of fh¥ list¥d txs4i¢s,
I hove corripletfjd my p.xgmin4tion. I confim that m8lersal rnatt￿ have ¢om¢ to my oltèrntion in connec1￿￿ *ilTr, gxamiTr8tson
giving m& cause to ts¢liB4'e th8t in afly rn8tsrial rn¥peel'.
8ttountivg rgGords ript kgpl in r*spKI gf the clwrity as r9quired lyy section 130 of Ihe Act. or
thg a¢Gounlg do not aoxrd witts thos¢ records.. or
the acwunls do nol" comply witt7 ihe applicable roquiremenls ￿n￿rnIng Iba fom conjonl vf ?rnunls sai out in th8
Charitifs$ (Aecaunrs and Reports) Reoulalions ?QQ6 olher Ihan any ￿q(lifernenl lh* Ifie a￿￿￿nIS give a 'true and fair view.
whi¢h i% not a maltLY eonsidoJ&d as part of an independ￿1 examination.
I ha¥8 no c<)neems and havo com¥ no other malterg In wnnectlon %hfth the examinallon to vihkh allenlion should b& drawn
in ts4i$ report ID order lo enable a Pfop&r undergtandlng of the 8￿QllI1tS Iv bè r#a¢he(t.
Pot•r Smlth gA FGA O¢hA
Fgr ond an behalf of..
P61er fimitb Accounlenw Servjcos
Chartered Axguntonts
9 Polruan Road
ChurEton
Manthe$ieF M219NR
Dat6.. ￿l8¢&h 19 2Q25

SALFORD MEfHODI8T CIRCUIT
STATEMENT OF FINANCIAL ACTIVITIES
AS AT31 AUGUST2Q24
Not95
Unreslrlcled
Rgslric19d Endownwnt
Total
Total
Funds
Funds
Funds
2D24
2023
Incomrng resourcBs from ganeraled funds..
Donalions
104.366
1D4,366
IOT,8T3
Rental incotne
31.520
31,520
21, 700
knveslment income- bank interest
17,084
10
17,096
4,510
Other income (funds Iranstsrred inl
4.412
4,412
17.688
TOTAL INCOME
157,382
10
157,394
157,771
EXPENDITURE
Costs ol generating funds
3.964
3,964
2, 716
Expenditure on charitable activities
102,035
1D2,035
164,58T
TOT￿ EXPENDITURE
105,999
105.S99
167,303
NET INCOMEIIEXPENDITUREI
BEFQRE TRMSFERS
51,383
10
51,395
(9,532)
OTHER RECOGNISED GANS & ILOSSESI
Reali5ed gain on sale of ¢vrrenl inve51menl a55el
Gain3111055esI on rèvaluation ol
current investment assets
96,632
96,632
13
1202,500)
NET MOVEMENT IN FUNDS
14
148.015
10
148,027
(212,032J
TOTPL FUNDS BROUGHT
FoRw￿RD
14
1,060,664
2,877
662
1.U64,203
1,2T6.235
TOTAL FUNDS CARRIED
FORWPRD
14
1.208,679
2.879
672
1,212,229
7,064,203
The notes on pages 12 10 21 form part of these financial 51atemenl5.

8ALFORD MEfHOD18T CIRCUIT
BALANCE SHEEr
AS AT 31 AUGUST 2024
Not9$
2024
2024
2023
2023
FIXED ASSETS
Tangible fixed assets
Investments
10
623.845
672
630,035
662
11
624,517
630.697
CURRENT ASSETS
Debtors
12
11,601
16,867
Investmen15
13
276,400
181, 616
Cash al Bank and in Pknd
607,597
619,198
474,883
CREDITORS
ounts falling due in onè year
14
31,485
41,377
NET CURRENT ASSETS I ILIABILITIESI
587,713
433.506
NET ASSETS
1.212,230
1,064,203
FUNDS
Unrestricted
15
1,208,679
2,879
6T2
1.060,664
2,871
Restricted
15
Endowrnpnl
15
662
TOTAL FUNDS
1,212.229
1.064.203
The notes on pages 12 10 21 form parl of these financial slalemanls.
Approvgd by thg Circuit MgDtlng and authorisad for issuo on:
And signed
their behalf by..
44
REV JOHN PALMER- TRUSTEE

THE MEfHODI8T CHURCH-THE 8ALFORD CIRCUIT
STATEMENT OF CA8H FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Note5
Cash us8d In operating activitie5
20
35.864
(244)
Ca5hllaws from Investing activiti85
leresl and dividends
17,096
373,032
11UI
39D,118
4,570
Proceeds of sale of inveslmenls
Purchase of inve51menls
Cash provided byllusgd inl investing activities
4,510
Cashflows from financlng actlvlties
Repayment of borrowing
Cash used In flnanclng activities
In¢reaselldecreasel in cash & cash aquivalents in the year
425,981
4,266
Cash and cash equivalents brought forward
181,616
177,35Q
ash and cash equlvalents carrled forward
607,597
181.616
Cash and cash gquivalonts conslst of.,
Cash al bank and in hand
607,597
181,616
6QT,597
181,$16
The note5 on pages 12 10 21 forrn part of these financial slalemenls.
11

8ALFORD MEfHODI8T CIRCUIT
NOTES TO THE FINANCIAL STATEMENfJ FOR THE YEAR ENDED 31 AUGUST 2024
1 ACCOUNTING POLICIES
The following accaunling policies have b&en applied consislenlly in dealing with items, whlch are considered material in relation lo
the charity's financlal slalèments.
Scopg of the financlal stat¢monts
The financial slalemenls relate solely to Salford Melhodisl Circuit.
Basis of preparation
The a¢counls (financial slalemen151 have been prepar8d in accordance with the Slalemenl of R&¢omm8nded Practice.. Accounting
and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applictsble in the UK and
Republic of Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and
Rapublic of IrBland IFRS 1021 and the Charili8s Act 2011 and UK Generally Accepted Practic8 as il applies from 1 January 2015.
The account5 (financial slalgmenlsl have been prepared lo give a'lrue and fairf view and have departed from the Charities (Accounts
and Reports) Regulations 2008 only lo th8 8xl8nl required to provide a 'lrue and fair vi8w'. This departure has involvèd frjllowing
Accounting and Reporting by Charities preparing Iheir accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic of Irelancl IFRS 1021 issued on 16 July 2014 rather than the Accounling and Reporting by Charilies: Slalemgnl
of Rècommènded Practice effective from 1 April 2005 which has since been withdrawn.
The charity conslilules a public benèfit èntity as dèfinod by FRS102.
Income
Total InGoniing ReSoU￿e$ as shown in the Statement of Financial Adivilies represents the nel amounts from all sources.
Income is recognised in the accounting period in which il is receivable, except in the following circumstances, when the income is
def&rr8d and included in credilors..
The income relates to a future accounting p8riod
A sales invoice has been rais8d ahead of the work being carried out and the charity is not conlraclually enli11gd to the
income until the work has bgen done
Not all the terms and conditions of Ihe grant have been mel, including th8 incurring of expenditure and the grant
conditions are such that unspent grant mu51 b8 refundèd.
In¢om8 includes grants in respect of r8venu8 and capital ilerns.
Incotne recognition
All income is recogni5ed once the ¢harily has enlitiemenl to Ihe income, il is probable that the income will be recelved and the amounl
of income receivable can be measured reliably. The following applies to particular types of income..
Grants, whgther of a capital or revenue nature, are recognised when tha charity has entillemgnl to the funds, any performanee
conditions have been mel and il is probable Ihal the income will be received.
General donallons from individua15 and olhgr bodias (not being of the nature of a grant) are recognised when rec8ivabl@.
Church Assessments are recognised in the period for which they have been given and any advance payments ar8 d&ferred in lin8
with the policy below.
Deferred Income
Income is only deferred and Includad in creditors when..
The income relates to a future accounting period
A sales invoice has been raised ahead of the worK being carried out and there is no contractual enlillem@nt lo the
income until the work has been done
NDt all the terms and conditions of the grant have been m81, including the incurring of exp8ndilura and tho grant
condilions are such that unspent grant musl be refunded
Expenditure and irrecoverable VAT
Expenditure is recogni5Ed once there is a legal gr constructiv8 obligation lu tnake a payment to a third party,11 is probablg that the
selllemenl will b8 required and the amDunt Df tha obligation can be rnèasured reliably. Expendllurè is classified under the following
2clivily heaclings..
Costs of raising funds
including Ihu5e asso¢ia18d with fundraising aclivili8s and inve51menl management c051.
Charitable aclivilias
osts of undertaking the wijrk of the charity.
Th8 charity is not regi518r8d for VAT and cannot recov8r any input tax charg8d. Costs are slated Inclusive of VAT were charged.
12

8ALFORD MEfHOOI8T CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 81 AUGUST 2024
1 ACCOUNTING POLICIE5 l¢ontinuedl
Taxation
Salford Melhodisl Circuit Is exempl from Corporation Tax by reason of Its charitsbl8 Status. Income lax suffered on doeds ol covenant
and gill aid or investment incorne is reclaimed in full.
Flxed assots and deprgclatlon
The Circuit has capilalised the freehold and long leasehold properties for which it acts as the Managing Trustees al the Trustees.
valualion in 2009 or al subsequent purchase price. Depr8cialion has been provid8d since tho year ending 31 August 2015 on the
long leasehold properties at the rale of 1°k of the Trustees, valuation per annum, and at the rate of 0.67 /0 per annum on the freehold
property.
Singlo assets purchases, not forming part of a related serious of Iransaclions, costing less than £300 are not capilalised, bul are
written off as a r8v&nue expense in th& year of acquisition. Depreciation, on assets other than the long leasehold property. is provided
lo write off Ihe c05118ss the ostimated residual valu8 Df tangiblo fixed assets by equal inslalrn8nls over their eslirnal8d useful
economic lives as follows..
Propety ImproverHenls
Furniturè and fittings
1 OVD per annum on cost
25 /0 per annum on cost
Investments, galns and losses
Fixed asset investments are a form of basic financial instrument and are Inllially recorded al their transaction value and 5ub5equenlly
mèasured al their fair value as at the balance sheet dale using the closing quoted rnarket pricè. The SOFA includes the net gains
and losses arising on revaluation and on disposals throughout the year.
Gains and losses on are tsken to th8 Statement of Financial Aelivilies as they arise. Reali58d gains and losses are calculated as the
difference between sale proceeds Inel of Ir8nsaclion Costsl and the opening earrying value or CD5t, if acquired during the
year. Unreali5ed gains and losse5 are oal¢ulalgd on the difference betweèn opening and closing fair values.
Financlal instrumènts
The charity has only basic financial inslrumenis which are initially recorded al cost, and with the exception of investments las sel out
above) subsequently measured al their settlement value.
Methodist Ministers, Pension Fund
The Circuit is a tnetnbèr of the Connexional pension scheme IMMPSI which covers pr8sbylers and deacon5 of the Melhodisl Church.
The contribution rates are sel each ysar by IhB Melhodisl Conferenc8, and for the year under review thè employer conlribulions were
26.9VD of slipend12022.. 26.9 /01.
Thg MMPS is a rnulll-employerscheme, and in accordance with the guidance Issued by the Charity Commisslon, the Circuit accounts
for those contributions as if il were a defined conlribulion scheme. 11 has done 50 because il is unable lo idenhfy ils share of the
underlying assets and liabililigs on a consistent and ièasonablg basis. Contributions ar8 charged to the SOFA in thè period in which
they are payable.
Judgemsnts and key sources of èstlmation uncertainty
The preparation of th& financial slalernenls requires management lo make judgements. eslimales and assumption3 that affect Ihe
amounts roported. Thes8 eslimatps and judgements are continually review8d and are based on experi8nce and other factors,
including expectations ol future evonls that are believed ID be r8asonable under the circumstances.
13

8ALFORD MEfHODI8T CIRCUIT
NQTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
RpsirictEd
Unre51rlcted
Reslrictod
Total
Unre51ricted
Total
2 DONATION5
Church assessment
104,366
104,366
107,8T3
107.873
Donalions
104,366
104,366
107.873
107,8T3
3 OTHER TRADING INCOME
R£nlal inttome
21.520
31.520
31,520
31,520
27,700
27,700
2T,700
2T,700
4 INVESTMENT INCOME
hcom8 frorn fixed assel In￿SImentS
13.T17
12
13,729
2, 772
1,543
4.315
195
2,96T
1,543
4.510
Bank inler8sI
3,367
17,084
3.367
12
17,096
795
5 FUNDS TRANSFERRED IN
Frorn ¢lttsure of Palricrofl
6,733
10.955
17.688
From ¢lo$ure of Boundary Road
4,412
4,412
4,412
4,412
6,733
70,955
1T,688
6 COSTS OF GENERATING FUNDS
Agent$ fees re renlzl inc0rn8
3,964
3,964
3.964
3,964
2. T16
2. 716
2,716
2,716
14

8ALFORD MEfHOD18T CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
2024
Restricted
2023
Unr?5tricted
Totsl
Unrestrlcted
Restricted
TDtal
7 CHARITABLE EXPENDITURE
Dlrect costs
Stipends. Salaries & expenses
Grants lo Circuit Churches
74.178
13,985
74,178
13,985
153,6851
21,849
24,532
1,g3g
59,353
59.353
24,850
11,150
36,000
Grants to olhÈfS bodios
153.6851
21,849
Manse cosls (including dBpB¢ialionl
Dislrl¢l & Connexional assessmenls
16,284
16,284
26,651
2,630
32
24,532
1,939
26,657
2,63Q
District Advanc8 Fund leNy
Bèn8wJ18nl fiJnd payments
32
Support costs & govwnan¢o
Offic8. communittalions & othercosts
10,432
10,432
339
13, T90
13,790
Inte￿51 and charg05
339
432
432
Accountancy & legal frè5
8,467
102.035
8,467
102,035
9,415
153.405
9,415
11,182
764,58T
Grants to Clrcult Churche5 are analyspd as..
All Churche5 in Salford Circuit- toward5 eneoy tosls
12.000
12,000
Wesley Mplhodi$l Chur¢h- r8fiJrbishment
Monlon M81hodist Chutth- hall ￿turbI$hm￿nt
10,OOG
8.000
Monton Melhodisl Church- warrn spac85
2,000
The Height Melhodlst Church- towards meclia pr48clor
Emmaniiel Church LEP - towards craft and chal grDUP
2,000
2,000
Emmanuel Church LEP - towards signage
870
13,985
36.000
Grants to Other bodl95 aro analy5Bd os..
M8lhodist Church Pension Rese￿2 Fund Irefundl
Other
53.785
100
53,685

8ALFORD MEfHODI8T CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 81 AUGUST 2024
8 NET INCOMING RESOURCES AFTER TRANSFERS
This is slated arter chargingllcredilingl..
ounlanvlndependenl examin8rfs fees
Report
Depreciation
2024
2023
700
70Q
6,190
6. 190
g STAFF INFORMATION
2024
2023
a Staff costs
Stipends and salaries
Employer'5 Pension contributions
Employer's Nl conlribulions
56,002
8,316
4,057
68,375
42,586
7,322
3,389
53.297
) staff m9mber was paid more than £60,000 p.a. in either year.
b Kay managerypnt per50nnal
Th8 kay management of the charty comprise th8 trustees, which includes thè ordain8d members ol staff who are
9x officio Tnember5 of tho Circuit h￿eting bul do nDI recèivè any payment specificdly for acting as Irustsès.
The other Iru51ees do not r8cewe any remuneration for Iheir service5.
The lolal remuneration benefits of the key management
Stipends
43,130
39,963
c Average staff numbers
Th8 avgra9@ number ol ￿eMberS ol staff was 35 follows:.
2024
Av9ra99
number
2023
Avgragg
nurrQJer
Ordained 51aff lofficg hold9rs not empbyee51
Lay employees
16

SALFORD MEfHODISTCIRCUIT
NOTES TO THE FINANCIAL 8TATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
10 TANGIBLE FIXED NSSETS
Long
lea*hold
PropÈrti•s
Freehold land
& buildlngs
Total
Cost
As al Saplember 12023
200.000
485,745
685.745
A5 alAugusl 312024
200,000
485.745
685,745
DepreGiatlon
s al September 12023
Charge lor the year
11,997
1,333
43,713
4,857
55,710
6,190
As al Augusl 312024
13,330
48,570
61,900
NÈt book value
A5 al Allgus1312024
186.670
437.175
623,845
s al August 312023
788.003
442,032
630.035
11 FIXED pss￿ INVESTMENTS
2024
2023
rkel Wdlue brought forward
Income distributed
662
662
10
rkel value carried forward
672
662
Investments at fair value comprise..
Cash held wilhin inveslmenl porttolio
672
662
672
662
Unrestriclod funds
Restricted funds
EndowThnt funds
2024
2023
2024
2023
2024
2023
rket value broughtforward
Income distributed
662
662
10
dillons al ¢osl
Di5P05als al carrying value
Reclassrficalion ￿ Current ￿setS
Nel gainlllossl on revaluation
brk8t valu8 Carried forward
672
662
17

8ALFORD MEfHODIST CIRCUIT
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
12 DEBTORS
come receivable
1,116
15,151
16,857
Prepayments & olhar debtors
11,601
11,601
2024
2023
13 CURRENT ASSET INVESTMENTS
Property transferred from othèr Managing Trustees
Unre81ised gain on revaluation
PropBrty held for resale
418,900
202.500
216,400
2024
2023
14 CREDITORS falling due within one ypar
Assessments in advance
24,291
s.000
2.195
31,485
20,622
17,705
Other creditor5
Creditors & a¢¢ruals
3,050
41.377
58ssments brought forward weré rèléased in the year. The amounts r8laling lo subsequent ac¢ounting periods
are deferred in line with the accounting policy.
Funds in Irusl are rnonle5 collected by Circuit church￿ for knblhodisl funds and not remitted al tho year end. They
arg analys8d as follows..
World
Total
World
Total
Mlssion
other
2024
Mlsslon
other
2023
Brought lomard
Rec8ivèd in the year
Paid over
404
580
9B4
581
791
1,173
fl,173)
4D41
15801
19841
(3811
(791)
Carried forward
18

SALFORD MEfHODI8T CIRCUIT
NOTES TO THE FINAIICIAL 8TATEMENT8 FOR THE YEAR ENDEO 31 AUGUST 2024
15 STATEMENT OF FUNDS
19

SALFORD MEfHOD18T CIRcurr
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 AUGUST 2024
16 ￿N￿LYSIs OF NET AS5ET5 BETWEEN FUNDS
Fund balances at August 312024 are represented by.-
Unraslrlcted Restricted End0￿￿nt
Funds
Funds
Funds
Total
Tangible fixed assets
Fixed a55el investmenls
623,845
623,845
672
672
Net current assels
584,834
1,208,679
2.879
2,879
5B7,713
1,212,230
672
Fund balancos al August 3121J23 ar8 rapras8nt8d by'.-
Tangible fixed assets
Fixed asset imieslmenls
630,035
630,035
662
662
Nel current assets
430,629
1,060.664
2,877
2,877
433,506
1.064,203
662
17 FINPNCIAL INSTRUMENTS
The carrying amounts fDr each calegory ol financial instrument
15 as follow5..
2024
2023
Flnanclal assets
that arè inv&slmenls measured al fair valug
672
662
Ihat are debt inslrumenls measurad al amortlS8d c051
619.198
198,483
Finanelal Ilabilities
rneasured al amorti5ed cost
131.4851
(4Y,377J
Financial as5e15 measur8d al amortised c051 comprise.. cash al bank and in hand.. income r@¢eivable and other debtors., and
prepaymÉnls.
Financial liabilities measured al amortised cost comprisè.. Irado creditors.. other laxe5 and social s@curily,' accrua15', and deferred
income.
18 TUATION
The Circuit is a registered Charity and is enliued lo claim annual exempbon from UK Corporation lax.
19 C￿PITAL COMMITMENTS
There wèr& no capital commitments authoris8d and contacted for al the end of the year12023 £Nill.
20 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASHFLOWFROM OPERATING ACTll4lTIES
2024
2023
Nel incomellexpendilurel before Iransfers
Deducvladdl gain51llossesl on investments
Deducvladdl gainsllloss851 on sale of inveslm8nts
dd back deprgcialion on fixed assets
Daducl transfer in ol non cash asset Iproperiyl
Deduct intere51 income shown in investin9 activities
Deduct profivadd back losses on disposals of FA
Decreasellincreasel in debtors
Increaselldecreasel in creditors
Ngt cash generated fronSlu5ed inl DPBrating actlvltie5
148.027
(212.032J
202,500
196,6321
6,190
6,190
117,0961
f4,510J
5.266
3,4TI
4,137
9.992
35.864
20

SALFORD MEfHODI8T CIRCUIT
NOTES TO THE FINANCIAL STATEMENT8 FOR THE YEAR ENDED 81 AUGUST 2024
21 RELATED PARTY TRANSACTIONS
Stipends and alk)wan¢es lor presbyiers and deacons loolleclively known as minislersl are sel oui annually by Ihe Vethodisl
Confererice, and the Circuit is responsible for meeting those ¢osts for all Ministers appointed annually by the Conference 10 Serve the
CircuiL
The Rev J Palm8r Mnisler received tha basic stipend £29.040 12022123 £28,928) the Conexionally agreed addilional
Superinl@ndenl's allowance of £2.904 12002123 - £2.6921, the computer allowance £19412022123 £1761 and wa5 provirled with
INiing accommodation In 2023124 and 202W23.
21