Charity Number: 1160063
Airedale Methodist Circuit
Trustees. Annual Report and Financial Statements
for the Year Ended 31 August 2024

Airedale Methodist Circuit
Contents
Page
Charity Information
Trustees, Annual Report ...
Independent Examiner's Report............................................................................
Statement of Financial Activities...........................................................................
Balance Sheet....................................................................................................
Notes to the Financial Statements
io

Airedale Methodist Circuit
Charity Information
Reference and Administrative Information
Circuit Number:
Charity Registration Number:
27131
1160063
The Circuit comprised the following churches at 31 August 2024:
Aire Valley (including Bingleyi Ilkley Road and Long Lee congregations)- Cononley (LEP)- Craven (Cross
Hills, Eastburn, Silsden and Steeton congregations Cowling having just ceased to meet); Cullingworth;
Eldwick (LEP); Marsh.
and Worth Valley (including Lees, Oakworth, Oxenhope and Keighley
congregations).
Circuit staff:
Ordained..
Superintendent Minister:
Rev Clare Stainsby
Ministers:
Rev Helen (Nel) Shallow
Rev Tracy Birks
Lay."
Church Workers:
Glenda Coogan
Pippa Lupton
Chris Partington
New Places for New People
Project Worker:
Sarah McDonald-Howard (resigned September 2024)
Adam Denno (appointed April 2025)
Circuit Administrator and
Communications Officer:
Esther Gregory-witham
Finance Officer:
Edwin Tate
Finance Assistant..
Daniel Spencer (appointed February 2025)
Trustees:
The Circuit Meeting members are the Trustees of the
Charity (listed in Note 18).
Circuit Stewards:
Claire Corp
Pam Helyar
Peter Howarth (resigned September 2024)
Graham Iliff
Circuit Safeguarding Officer:
c/0 Rev Clare Stainsby and Esther Gregory-witham
Circuit Treasurer:
Mr Graham Iliff
Circuit Office:
Airedale Methodist Circuit Office
80 Kirkgate
Silsden
Keighley
BD20 OPA
Independent Examiner:
Jessica Lawrence FCA CTA
Azets Audit Services Limited
12 King Street
Leeds
LSI 2HL

Airedale Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
Structure, Governance and Management
The financial statements have been prepared in accordance with the accounting policies set out in the
notes to the financial statements and comply with the charity's governing document, the Charities Act
2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to
charities preparing their financial statements in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland.
The Governing Document: Deed of Union (1932) and Methodist Church Act (1976)
Constituted:
Act of Parliament
Selection of Trustees:
Appointed by local churches and existing trustees
Ministers are ex officio trustees
Structure:
Part of the Yorkshire West District of the Methodist Church
Accountable to the Methodist Conference
Vision and Objectives
Our Vision and Purpose
We are God's people here, listening for God's voice, worshipping, caring, encouraging faith
experiences and taking action to build God's Kingdom in a variety of ways.
Worship
The Church exists to increase awareness of God's presence and to celebrate God's love.
We are committed to making worship inclusive, welcoming and accessible for all across the circuit.
We are encouraging prayer, and seeking new opportunities for prayer experiences.
We are encouraging people to notice God alive and at work, both in the Bible and in the world today.
Learning and Caring
The Church exists to help people to grow and learn as Christians, through mutual support and care.
We offer care to the families of our churches, and to the people of the communities around us.
We encourage opportunities to learn more about our faith.
We are committed to hospitality and generosity.
Service
The Church exists to be a good neighbour to people in need and to challenge injustice.
We are ready to offer support to help the needs of our communities, and people of the wider world.
We are seeking ways of actively caring for creation.
We are ready and willing to challenge injustice wherever we see it.
Evangelism
The Church exists to make more followers of Jesus Christ.
We are encouraging a willingness among our church people to speak of their own experience of love
of God.
We are committed to living in a way that draws others to Jesus.
We are seeking ways of sharing our faith with others.
In all these things, we want to be a blessing within and beyond God's Church, for the transformation
of the world.
Objectives:
As stated in the Governing Document, the purposes of the Methodist Church are the advancement of:
a) the Christian faith in accordance 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 organisation 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.

Airedale Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
structure and Decision Making
The Circuit Meeting is the charity's trustee body that 15 ultimately responsible for decisions. It meets in
autumn and spring and elsewhere as needed.
The Circuit Leadership Team (CLT), comprising the Ministers, Lay Workers and Stewards, are the
Circuit's key management personnel in charge of directing and operating it on a day to day basis. Their
work includes guiding the Circuit's life and work, preparing proposals for and implementing the
instructions of the Circuit Meeting, and discharging its responsibilities in areas that include worship,
mission, finance, property, staffing, employment and safeguarding. The CLT has delegated authority
such as to approve urgent property repairs, and itself delegates tasks to individual or groups of staff
and volunteers, such as the Circuit Property Group.
The responsibilities of the Circuit stewards include:
being treasurers of the Circuit funds, with particular input from the Circuit Treasurer and the
Finance Officer;
maintenance and upkeep of the manses, with particular input from the Circuit Property Group;
and
bringing to the Invitation Committee andlor Circuit Meeting proposals about Ministers to serve.
The Circuit staff meet regularly and work as a team sharing responsibilities across the Circuit. The
Ministers and Church Workers have pastoral charge of different churches.
Risk Mana
ement
The Trustees have examined the major strategic and operational risks facing the Circuit and have
established the necessary systems to manage or mitigate these risks.
In particular-
suitable insurance cover is in place.
the Circuit's finances are kept under review and financial policies have been approved.
the Circuit has adopted the Methodist Church Safeguarding Policy and other related policies, and
has rolled these out to the churches; it has appointed a Circuit Safeguarding Co-ordinator.
appropriate Disclosure and Barring Service (DBS) checks are made and there are regular audits
of Safeguarding practices across the Circuit and all its churches.
Circuit Leadership Team continues to monitor risks, seeking professional advice where necessary.
We confirm that the Trustees have had regard to the Charity Commission's guidance on public benefit.
Airedale Methodist Circuit carries out a range of activities in pursuan￿ of its mission. The Circuit will
use resources for mission-based projetts. These may be paid by the charity in the form of grants to
external parties. The Trustees consider that the activities, summarised below, provide benefit to those
who are members of the Circuit through the local Methodist churches and to the wider community.
Achievements and Performance
Faith and Outreach
Regular worship across the Circuit included services at congregation, Church and Circuit level, with the
shared gatherings giving opportunities to praise God and develop relationships in vibrant larger groups.
They included the Barn Carol Service and Summer Praise to which the Chair of District came to preach.
Online worship included the Fresh Aire reflections via Facebook and services streamed from Oakworth
to reach those who were unable to meet in person.
Pastoral care was given by ministers, lay workers and church support networks as the outworking of
Jesus, love and compassion for everyone. Training was offered in Equality, Diversity and Inclusion as
well as in safeguarding to help foster a culture of safety, respett and welcome for all. Baptisms,
weddings and funerals supported church and local community members at times of particular need and
Messy Church and GI￿, the Circuit's youth group, served children, young people and families.
Oakworth's Pantomime gave youngsters wonderful opportunities to develop friendships and skills in the
supportive context of a faith community.

Airedale Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
Achievements and Performance (continued)
The Circuit's New Places for New People (NPNP) Pmjert developed and flourished, bringing exciting
opportunities for mission supported by significant Connexional and District funding as well as Circuit
contributions. The project seeks to reach out to those who may have no experience of church, and build
community and faith in response to Jesus's love. Sarah's employment as the Project's worker led to
expansion of the Preloved Shop, with the Circuit providing a second unit in Keighley's Royal Arcade. The
purchase and preparation of The New Place property in Keighley enabled a much wider range of
activities and it was not long before regular open sessions several times a week began to draw
increasing numbers of people across a wide age range into this warm and welcoming environment,
supported by volunteers and staff who follow a daily worship pattem.
Significant outreach was also offered from many other venues including the Bingley Foodbank, Keighley
Hall's Welcome Cafe, and several Warm Spaces and other groups in the Circuit's churches.
Peo
le and
ro
Ministers, Lay Employees and Volunteers
At the start of the year, we welcomed our new staff: Rev Tracy Birks as minister. Chris Partington as
Church Worker. and Sarah McDonald-Howard for the NPNP Project.
Almost every artivity in the Circuit depends on the support of a wide range of faithful and committed
volunteers, who often work alongside the staff. The Circuit is blessed by its personnel, but there is
recognition that as congregations and churches reduce in number and struggle to fill their own roles,
there are fewer people still to draw upon for Circuit roles, at the same time as the need for the Circuit's
support continues to grow, in areas such as property, finance and safeguarding.
Recognizing the scale of these challenges, the staff team and Circuit stewards worked hard to prepare
the foundations for developing a sustainable plan for the future, based around the Circuit's Vision and
Purpose statement and following the earlier creation of the three multi-congregation Churches. 'Bright
Hope for Tomorrow, was launched, with regular newsletters to inform and encourage while exploring
how to grow worshipping communities that would remain a faithful and effective witness to God's love
and grace for future generations. A key priority here is to release people's time and energy to focus on
worship and mission and reduce administrative burdens such as property management, with so many
ageing buildings needing to be looked after by such a small number of people.
Thanks were expressed to those who stepped down from their roles, including William Jowitt after many
years on Circuit Property Group, and Peter Howarth following many years as a Circuit Steward. The
Circuit is thankful for all they have contributed, and grateful that they both continue to serve in many
different ways.
Property matters
In January 2024 the purchase of The New Place completed. This newer, smaller church property in
Keighley, under the Circuit's Managing Trusteeship, is a replacement for Exley Head and a home for the
NPNP Project. It was capitalized in our accounts at a value of £190,000 but the purchase and
preparation costs were recorded as expenditure.
In March 2024, the sale of Keighley Methodist Hall (already under the Circuit's managing trusteeship) to
the Anglican Church completed for £20,000 which is recorded in the accounts as income. Its
congregation remains part of Worth Valley Church. Preparations continued towards the sale of Exley
Head, the sale via long lease of Denholme's burial ground, and Circuit Meeting approved the sale of the
former Cowling Methodist Church. These properties will be accorded a value in future accounts in line
with our accounting policies. Recognizing that these more complicated sales may take some time to
complete, Circuit Meeting also approved the sale of the former manse in Sutton-in-craven which the
tenants vacated before the year-end. This was to try to ensure further sale proceeds coming available
in good time for when they are needed, which is anticipated to be in the second half of the year ending
31st August 2026. The Circuit also rented out its other former manse in Silsden from April 2024.
The Circuit approved an environmental policy and encouraged a focus on ecological sustainability, with
many churches achieving their bronze or silver Eco Church awards. This aligns with District priorities
and the Methodist Church's commitment to Net Zero by 2030.

Airedale Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
Achievements and Performance (continued)
Financial Review
The Statement of Financial Activities shows net expenditure after recognised gains for the year of
£164,084 (2023 £70,024) and the total reserves at 31 August 2024 stand at £1,878,878 (2023
£2,042,962). But these figures include the finances of Bingley Foodbank, Exley Head and Keighleyi the
modest sale proceeds from Keighley Hall and various sale, purchase and other costs including the Model
Trust fund levy that fall beyond the core revenue operation of the Circuit. If these transactions were
excluded, then, the Circuit would be seen on one calculation to be running at a deficit in the region of
£138,000, compared with around £57,000 in 2023).
On this basis, the principal core revenue funding sources were the Assessments from the Circuit's
churches, grant funding for the NPNP Project and rental income, while the main items of core revenue
expenditure were the employment and (where applicable) accommodation costs of the staff, the
Connexional and District Assessments, and operating costs.
The Trustees consider the Circuit's financial position to be satisfactory at present. The significant rise in
the deficit results from the planned major staffing increase to drive mission. This has only been possible
because of previous sale proceeds, which have also temporarily funded the purchase of The New Place
until Exley Head, which it replaces, is sold. With a deficit of this scale, the further planned sales of the
Cowling church and Sutton manse properties will be necessary. But the trustees are also well aware
that this deficit will need to be significantly reduced as the Circuit looks towards its longer term plans,
including for the next stationing term, and the financial position is being carefully monitored.
The Trustees aim to hold sufficient free reserves (unrestricted funds not committed or invested in fixed
assets) to cover six months of the Circuit's running costs. For the year ended 31 August 2024, these
costs were £239,843 and the free reserves, excluding designated funds were £276,406 (2023
£614,111) which would sustain the Circuit for nearly 7 months. The reserves policy will be reviewed
annually.
Fundraising
We strive to achieve the highest fundraising standards and we value our supportive funders.
We stay up to date with developments in Charity regulation, data protection and the Fundraising
Preference Service (FPS) to make sure we are legally compliant and adhering to all guidelines. We
follow the Institute of Fundraising's Code of Practice.
After the Year End
The Circuit said farewell to Sarah the NPNP Project worker and thanked her for all she had done. The
Project's work in The New Place had developed to the point where the Royal Arcade premises were no
longer needed, and the Circuit surrendered its leases there. A replacement Project worker was sought,
to start as soon as possible.
The Circuit also advertised for a Finance Assistant to join and support the existing staff.
The Bright Hope for Tomorrow initiative took on greater significance as the Circuit moves towards
another stationing round and looks towards its staffing and other resourcing needs from September
2026.

Airedale Methodist Circuit
Trustees. Annual Report for the Year Ended 31 August 2024
Trustees. Responsibilities
The charity Trustees are responsible for preparing a trustees. annual report and financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Circuit Meeting 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 net income or net expenditure of the Charity for that period. In preparing those financial
statements, the Circuit Meeting has:
selected su itable accounting policies and applied them consistently
observed the methods and principles in the applicable Charities SORP
made judgements and estimates that are reasonable and prudent
stated whether applicable accounting standards have been followed, subjett to any material
departures disclosed and explained in the financial statements
prepared the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business
The Circuit Meeting is responsible for keeping records which disclose with reasonable accuracy at any
time the financial position of the Charity and to enable them to ensure that the financial statements
comply with the Charities Act 2011 and the applicable Charities (Accounts and Reports) Regulations.
It is also responsible for safeguarding the assets of the Charity and hence for taking steps for the
prevention and detettion of fraud and other irregularities.
Approved on 12th lune 2025 and signed on behalf of the Circuit by:
Reverend Clare Stainsby
Superintendent Minister and Chair of Trustees

Airedale Methodist Circuit
Independent Examiner's Report to the Trustees of Airedale Methodist
Circuit
I report to the trustees on my examination of the financial statements of Airedale Methodist Circuit for
the year ended 31 August 2024.
This report is made solely to the Charity's Trustees, as a body, in accordance with Section 145 of the
Charities Act 2011. My independent examination work has been undertaken so that I might state to
the Charity's Trustees those matters l am required to state to them in an Independent Examiner's
Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume
responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my
independent examination work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the Charity trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 ('the Act.).
report in respect of my examination of the Charity's accounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given by the
Charity commission under section 145(5){b) of the Act.
This report, including my statement, has been prepared for and only for the Charity's trustee5 as a
body. My work has been undertaken so that I might state to the Charity's trustees those matters I am
required to state to them in an independent examiner's report and for no other purpose. To the fullest
extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and
the Charity's trustee5 as a body for my examination work, for this report, or for the statements I have
made.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed
in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because l am
a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed
bodies.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the Charity as required by section 130 of the Act;
or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a true and fair view which is not a matter considered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
1610612025
Jessica Lawrence FCA CTA
Azets Audit Services Limited
12 King Street
Leeds
LSI 2HL

Airedale Methodist Circuit
Statement of Financial Activities for the Year Ended 31 August 2024
Unrestrirted Funds
Circuit
General Model Trust Designated Restricted Endowment
Fund
Fund
Funds
Funds
Funds
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations
Assessment or Share
189,231
189,231
5,517
20,050
186,615
9,192
Donations
5.517
Sale of church
20.050
Charitable artivities
Grants
35.600
10,350
773
35,600
10,350
4,650
3,000
11,349
3,778
Bingley Foodbank
Other income
2,689
1,188
other trading activities
Lettings
Investment income
14,250
1.755
1.827
16,005
30,604
19,675
24,908
27.610
1.167
Total income
226.220
27.610
47.890
312,007
258,517
Expenditure on:
Charitable activities:
stipends and salaries
District Assessments
224.413
55.716
37.498
12,992
22.963
24.453
501
24.991
249,404
55,716
38,664
25,572
65,705
27,673
2,688
10,263
4,000
152,789
54,360
12,721
23,980
43,667
17,459
2,330
16,233
3,696
Administration and travel
1.166
Insurance and utilities
12,148
37.740
432
Circuit property expenditure
Other expenditure
Grants payable
Bingley Foodbank
Independent examination
5.002
3,220
io
2,187
10,263
4,000
Total expenditure
382.536
1.166
52,075
43.908
479,685
327,235
Net income /(expenditure)
before other recognised gains
Reali5ed and unrealised gains on
investments
Transfers between funds
Net movement in funds
(156,316)
26,444
(41,788)
3,982
(167,678) (68,718)
324
3,270
3,594
{1,306)
325 313
168,997
343 146
26.444
(22,464)
2,815
3,270 (164,084) (70,024)
Funds brought forward
Funds carried forward
1.408.992
1 577 989
408.962
166,304
143 840
18,710
39,994 2,042,962 2.112,986
43 264 1 878 878 2 042 962
The notes on pages 10 to 21 form part of these financial statements.
A detailed Statement of Financial Activities for the year ending 31 August 2023 is shown at note 20.
There were no recognised gains and losses for 2024 and 2023 other than those included in the Statement of
Financial Artivities.

Airedale Methodist Circuit
Balance Sheet as at 31 August 2024
Total
funds
2024
Total
funds
2023
General Circuit Model Designated Restricted Endowment
Fund
Trust Fund
Funds
Funds
Funds
Note
Fixed assets:
Tangible assets
Investments
1.393.843
1.393,843 1.203,843
43,264
52,788
49,194
43,264 1,446,631 1,253,037
9.524
9.524
1.393,843
Current assets:
Debtors
Bank.. Central Finance Board
and Trustees for Methodist
Church Purposes deposits
Bank
23,934
23,934
22,408
144,731
92,260
134,316
371,307 772,786
63,933
232,598
21,525
21,525
85,458
55,600
480,699 850,794
Total Current Assets
92,260
134,316
Creditors: Due within one
year
Net current assets
(48,452)
(48,452) (60,869)
184,146
1.577.989
92,260
92.260
134.316
143.840
21,525
21.525
432,247 789,925
1,878,878 2,042,962
Total net assets
Funds of the circuit:
General Fund
1,577,989
1,577,989 1,408,992
92,260 408,962
143 840 166 304
Circuit Model Trust Fund
92,260
Designated Funds
Total Unrestricted Funds
143.840
1.577,989
92.260
143.840
1,814,089 1.984,258
Restricted Funds
21.525
21,525
18,710
43,264
43,264
39,994
43 264 1 878 878 2 042 962
Endowment Funds
Total circuit funds
11 1 577 989
143 840
The notes on pages 10 to 21 form part of these financial statements.
These financial statements were approved by the board of trustees on 12th June 2025 and signed on its
behalf-
SWI
Reverend Clare Stainsby
Superintendent Minister and Chair of Trustees
Graham Iliff
Trustee

Airedale Methodist Circuit
Notes to the Financial Statements
for the Year Ended 31 August 2024
Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows:
Charity information
Airedale Methodist Circuit is a Charity registered with the Charity Commission of England and Wales
under registered Charity number 1160063. The Charity's principal office address is Airedale Methodist
Circuit Office, 80 Kirkgate, Silsden, Keighley, BD20 OPA.
Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Statement of Recommended
Practice: Accounting and Reporting by Charities preparing their financial statements in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2019) ('Charities SORP (FRS102)') and the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted
Accounting Practice.
Airedale Methodist Circuit meets the definition of a public benefit entity under FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include
certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the
company has adequate resources to continue in operational existence for the foreseeable future. Thus
the directors continue to adopt the going concern basis of accounting in preparing the financial
statements.
Funds
The funds held constitute-
General Funds held for any purpose of the Circuit which are unrestricted. The Circuit Model Trust Fund
has wide purposes defined in Standing Orders and is categorised as unrestricted.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds represent grants, donations and legacies received which are allocated by the donor for
a particular project or activity.
Endowment funds represent gifts, the capital normally being unavailable for spending, and the income
from which is either restricted or unrestricted. Details of each material fund a￿ disclosed in note I I to
these financial statements.
Income
Income represents all income which becomes available to the Charity but excludes gains on
investments. Grants and donations are recognisable when the Charity becomes entitled to receive the
funds, when it is probable that the funds will be received and that they can be measured with sufficient
accuracy. Investment income is recognised on an accruals basis and comprises of interest receivable
during the accounting period. Sale proceeds from the sale of assets not previously capitalised are
shown net of the property levy where there is no replacement scheme for those assets.
io

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
Accounting Policies (continued)
Expenditure
Expenditure is recognised in the period in which it is incurred and includes attributable VAT which
cannot be recovered.
Charitable expenditure comprises those costs incurred by the Charity in the deliverance of its activities
and services for its beneficiaries. It includes both costs that can be directly allocated to such activities
and those cost5 of an indirect nature necessary to support them.
Support costs include those costs incurred in supporting the work of the Charity.
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the Circu it to
pay out resources.
Operating leases
Rentals payable under operating leases, where substantially all the risks and rewards of ownership
remains with the lessor, are charged to the Statement of Financial Activities in the year in which they
fall due over the period of the lease.
Tangible fixed assets
A tangible fixed asset is capitalised if its expected useful life exceeds one year, and costs £1,000 or
more. Freehold land and buildings transferred into the circuit on the merger of the 3 circuits are shown
at insurance valuation as at March 2010 and are not revalued annually. Contents are included in the
valuation of each property. Properties purchased since that date are included at historical cost.
Freehold land is not depreciated.
Freehold buildings held by the Charity are such that their estimated residual value would mean that any
depreciation charge would be immaterial. The trustees undertake periodic impairment reviews to ensure
that the carrying value of the properties held by the Circuit does not exceed their realisable value.
Freehold land and buildings may be let on short term tenancy arrangements. These properties remain
in fixed assets unless it is felt likely that the property will not be used for charitable purpose in the
future.
Transfer of church buildings into the circuit
Where a church building that is no longer under the stewardship of the church but where responsibility
for stewardship has been transferred to the circuit following the closure of the church, the following
accounting policy is adopted. The property will be included as a current asset net of any levy and
included in incoming resources where an acceptable offer has been made for the building during the
accounting period and the sale has crystalised after the year end.
Investments
Investments relate to cash held on deposit in interest bearing deposit accounts.
li

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
Accounting Policies (continued)
Deposit Funds, such as TIF {Trustee Interest Fund) held via Trustees for Methodist Church Purposes and
the Central Finance Board are shown separately from Cash and Bank in the Balance Sheet.
Debtors and prepayments
Debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid
net of any discount5 due.
Creditors, loansi provisions and grants payable
Creditors, loans and provisions are recognised where the Charity has a present obligation resulting from
a past event that will probably result in the transfers of funds to a third party and the amount due to
settle the obligation can be measured or estimated reliably. Creditors and provisions are normally
recognised at their settlement value after allowing for any discounts which may be due.
Grants to local churches for property schemes and other purposes are accounted for as liabilities when
they receive formal approval by the Circuit Meeting. Grants awarded to other charitable bodies are
accou nted for as liabilities in the period in which the award is made.
Financial liabilities are only derecognised when, the Charity's obligations are discharged, cancelled or
they expire.
Amounts recognised as provisions are best estimates of the consideration required to settle the present
obligation at the reporting end date, taking into account the risks and uncertainties surrounding the
obligation.
Pensions and staff costs
The Charity makes payments to the Methodist Ministers, Pension Scheme '(MMPS)' which is a defined
benefit scheme operated by The Methodist Church. The Circuit accounts for contributions paid for by
the ministers and the circuit as a defined contribution as no liability for past service sits with the circu it.
The charity operates a defined contribution plan for the lay staff. The assets of the plan are held
separately from the Charity in independently administered funds. All circuit contributions to the scheme
are charged to the income and expenditure account in the period to which they relate.
Taxation
Airedale Methodist Circuit is a registered charity and as such is potentially entitled to tax exemption
under Section 256 of the Taxation of Chargeable Gains Act 1992 in respect of income and gains arising.
Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
i nstru ments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value except bank loans which are subsequently measured at amortised
cost using the effective interest method.
Concessionary Loans
As permitted by paragraph 34.90 of FRS102, Concessionary Loans are initially recognised at the
amount received or paid, with the carrying amount adjusted in subsequent years to reflect repayments
and any accrued interest and adjusted if necessary for any impairment.
Critical Accounting Estimates and Judgements
In the application of the Charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
12

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
Accounting Policies (continued)
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised, if the revision affects only that
period, or in the period of the revision and future periods if the revision affects both current and future
periods.
Other than the non-depreciation of Freehold property, as disclosed in note I, the Trustees consider that
there are no estimates and assumptions that have a significant risk of causing a material adjustment to
the carrying amount of assets and liabilities.
Minister and Lay Staff Information
The average number of clergy and lay staff were:
2024
2023
Clergy
La
staff
Ministers, and lay staff costs during the year were as follows:
Lay
staff
2024
Lay
staff
2023
Cleryy
2024
Total
2024
Clergy
2023
Total
2023
Wages and salaries
Social security costs
Pension costs
91,020
9,295
111,125
8,262
202,145
17,557
70,272
6,422
52,485
2,719
122,757
9,141
123 348
126 056 249 404
152 789
No employees earned £60,000 or more during the year (2023: no employees).
The Charity considers its key management personnel to include the Circuit Staff as set out on page l.
The remuneration of the Circuit Ministers (clergy) are set out above with further details set out in Note
13. The remuneration of lay employees who are also members of the Circuit Meeting is shown in Note
13. No other members of the Circuit Leadership Team receive remuneration from the Circuit.
Trustees. Remuneration and Trustees. Expenses
There were no expenses paid to trustees during the year other than those referred to in Note 13. All
ministers, expenses were incurred in carrying out their roles as ministers. Information on remuneration
paid to trustees is included in Note 13.
Net Expenditure for the Year
This is stated after charging-
2024
2023
Independent Examiners fee
Accountan
services
rovided b the Inde
1,000
910
endent Examiner
13

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
Tangible Fixed Assets
Freehold land and
buildings
Total
Cost:
At I September 2023
Additions
At31Au
1,203,843
190,000
1 393 843
1,203,843
190,000
1 393 843
ust 2024
Depreciation:
AtISe
tember 2023 and 31 Au
ust 2024
Net book value at 31 August 2024
Net book value at 31 Au
ust 2023
1,393,843
1 203 843
1,393,843
1 203 843
Investments
Market value at 31 August 2023
Realised and unrealised loss in the ear
Market Value at 31 Au
ust 2024
49,194
3,594
Investments include unitised funds held in the COIF Charities Investment Fund
administered by CCLA.
Income Units
The historical cost of investments held at market value is £35,295 (2023 - £35,295).
Debtors
2024
2023
Due within one year:
Debtors
Pre
ments and accrued income
10,357
10,176
14

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
Creditors
2024
2023
Income received in advance
Accruals
37,613
10,839
55,265
Income in advance represents assessments paid by circuit churches for the year ended 31 August 2025.
Income received in advance
2024
2023
Balance at I September
Released in the year to the statement
Deferred in the year
55,265
(55,265)
37,789
(37,789)
io.
Grants Payable
During the year the Charity awarded grants to the following:
2024
Total
2023
Total
Grants made to institutions:
Marsh MC
Oxenhope MC
Silsden MC
Cullingworth MC
Oxenhope MC
Christian Links in Kei
437
1,115
170
108
980
594
614
500
hle
Schools
500
Reconciliation of grants payable
2024
2023
Commitment at I September
Grants committed in the year (as above)
Grants
aid in the
ear
Commitment at 31 Au
1,000
2,330
2,688
ust
Note 8
To comply with Charities SORP (FRS 102) non-performance grants are reported in the SOFA on approval
of application. In some cases payment may be spread over a period of time which gives rise to future
commitments. These are reported as creditors and shown in note 8.
15

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
ii.
Movement in Funds
Income &
Balance Realised/
I September Unrealised
2023
Gains ExpenditureTransfers
For the year ended
31 August 2024
Balance
31 August
2024
Endowment funds:
Hebden Wri
ht Fund
Restricted funds:
NPNP Grants
Bingley Foodbank
Hebden Wright Fund
Total Restricted funds
36,373
10,350
1,167
(33,646)
(10,262)
2,727
18,798
18,710
{1,167)
Unrestricted funds:
General Funds
Circuit Model Trust Fund
Total
1,408,992
408 962
226,220
27,610
254 997
(382,536) 325,313 1,577,989
343 146
92,260
1 670 249
1 817 954
383 702
Designated funds:
Manses Funds
CAF Grants Funds
Victoria Park Funds
Benevolence Fund
Keighley Church Fund
Exley Head Fund
Total desi
nated funds
21,610
9,009
82,757
5,620
27,061
20,247
166 304
(21,074)
(2,187)
(16,665)
20,000
20,536
6,822
66,092
5,620
29,307
15,463
143 840
9,771
840
(6,525) (1,000)
(5,624)
Total unrestricted funds
1,984,258
265,608
(435,777)
1,814,089
Total funds
2 042 962
315 601
479 685
1 878 878
Circuit Model Fund Transfers: to cover grant payments, property transactions and budget support
during the year.
Restricted funds
NPNP Grants - funding for the Circuit's pre-loved project.
Bingley Foodbank - fu nding for the relief of hunger locally
Hebden Wright Fund funding to support music, worship and repairs at any of the Circuit's churches.
Designated funds:
Manses fund To cover costs of general repairs and maintenance of the manses.
CAF grants fund To cover small property repairs for local churches.
Victoria Park fund - Monies put aside by the circuit to cover expenditure for any special projects.
Benevolence fund To cover donations in cases of particular hardship at the discretion of the Ministers.
Keighley Church Fund To cover costs for the day to day running of Keighley church.
Exley Head Fund To cover costs for the day to day running of Exley Head church.
16

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
ii.
Movement in Funds (Continued)
Income &
Balance Realised/
I September Unrealised
2022
Gains ExpenditureTransfers
For the year ended
31 August 2023
Balance
31 August
2023
Endowment funds:
Hebden Wri
ht Fund
785
Restricted funds:
NPNP Grants
Bingley Foodbank
Hebden Wright Fund
Total Restricted funds
3,000
11,349
1,157
(3,000)
(16,233)
23,594
18,710
(1,157)
Unrestricted funds:
General Funds
Circuit Model Trust Fund
Total
1,813,854
213,476
(265,137) {354,358) 1,408,992
335 014
408 962
1 877 013
225 895
266 767
1 817 954
Designated funds:
Manses Funds
CAF Grants Funds
Victoria Park Funds
Benevolence Fund
Keighley Church Fund
Exley Head Fund
Total desi
nated funds
28,322
6,339
85,448
5,620
24,020
21,851
171 600
(22,712)
(1,830)
(2,691)
16,000
4,500
21,610
9,009
82,757
5,620
27,061
20,247
166 304
11,060
4,379
(8,019)
(5,983)
Total unrestricted funds
2,048,613
242,491
(308,002)
20,500 1,984,258
Total funds
2 112 986
257 211
327 235
2 042 962
17

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
12.
Analysis of Net Assets by Fund
For the year ended Unrestricted Designated
31 August 2024
funds
funds
Restricted Endowment
funds
funds Total funds
Tangible fixed assets
Investments
Net current assets
1,393,843
1,393,843
52,788
432,247
1,878,878
9,524
134,316
143,840
43,264
276,406
1,670,249
21,525
21,525
43,264
For the year ended
31 August 2023
Unrestricted Designated Restricted Endowment
funds
funds
funds
funds
Total
funds
Tangible fixed assets
Investments
Net current assets
1,203,843
1,203,843
49,194
789 925
2,042,962
9,200
157 104
166,304
39,994
614 111
1,817,954
18,710
39,994
13.
Related Party Transactions
Ministers
stipends and allowances for presbyters and deacons (collectively ministers) are set annually by the
Methodist Conference, and the Circuit is responsible for meeting those costs for all ministers stationed
by the Conference in the Circuit. The following ministers received the below stipends for the year:
2024
Salary
2023
Salary
Name
Position
Rev C Stainsby
Rev H Shallow
Rev T Keen
Rev T Birks
Minister
Minister
Minister
Minister
29,040
29,040
27,104
27,104
13,371
29,040
All the above were provided with living accommodation as required by the church's Standing Orders.
In addition to the basic stipend, a Connexionally agreed Superintendent Ministers allowance of £2,904
(2023: £2,692) was paid to Rev C Stainsby.
Lay employees
The following members of the Circuit Meeting are/were also employees of the Circuit and are/were in
receipt of salaries for the work they undertake in the capacities indicated. They do not receive payment
for acting as trustees:
2024
Salary
2023
Salary
Name
Position
Glenda Coogan
Pippa Lupton
Chris Partington
Church Worker
Church Worker
Church Worker
17,680
22,866
21,216
16,393
12,637
Other ministers
No trustees were paid preaching fees in the year (2023 -none).
Other payments
No travelling or course fees were paid to trustees (2023 -none).
18

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
14.
Pension Scheme
The Charity makes payments to the methodist Ministers. Pension Scheme (MMPS) which is a defined
benefit scheme. The Circuit accounts for contributions paid for by the ministers and the circuit. Those
contributions are paid over to The Methodist Church. The circuit contributes 26.90/0 (2023 - 26.90/0) of
ministers, stipends to the Methodist Church.
The cost of the pension scheme to the circuit for the year ended 31 August 2024 was £23,033 (2023:
£18,037). At 31 August 2024 £1,551 (2023: £1,953) was prepaid in respett of the scheme.
During the year the Charity made arrangements for a defined contribution pension for its lay
employees. The cost of the pension scheme to the circuit for the year ended 31 August 2024 was
£6,669 (2023: £2,854). There were no amounts outstanding at the year end {2023: £nil).
15.
Commitments
There were no capital commitments at 31 August 2024 (2023: no capital commitments).
At the reporting end date the charity had outstanding commitments for future minimum lease payments
under non-cancellable operating leases, which fall due as follows-
2024
2023
Within one year
Between two and five
1,457
1,457
ears
16.
Contingent Liabilities
There were no contingent liabilities as at 31 August 2024 (2023: no contingent liabilities).
17.
Hebden Wright Endowment
The Hebden Wright Endowment has been reported within Airedale Methodist Circuit's accounts since the
year ending 31 August 2015. Originally it was held by a separate charity relating to Hermit Hole and
then Wesley Place Methodist Churches, both long since closed. During 2016-17 the Charity Commission
approved a change in the application of income to allow it to be used to support music, worship and
repairs at any of the Circuit's churches. The Hebden Wright charity was dissolved in july 2022. The
capital of £43,264 has been shown as an endowment at 31 August 2024 (2023: £39,994) and the
generated income of £1,167 (2023 £1,156) has been shown as restricted.
19

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
18.
Trustees
The following trustees have held office since I September 2023:
Jean Ainsworth
Richard Arnold (resigned March 2025)
David Ayrton
Maurice Baren
Tracy Birks (appointed September 2023)
Denise Butcher
Lindsey Butler
janet Clark (resigned August 2024)
David Clegg
Glenda Coogan
Claire Corp
Phil Corp
Kathleen Crabtree
Sue Cutter
Tony Denning
Clare Dewhirst
Fiona Green
Christine Hambley
Judith Hargreaves
loyce Hartley (appointed May 2024)
Pam Helyar
Andrew Houldsworth
David Howarth
Peter Howarth
lames Huntington
Graham Iliff
Pat Keene (appointed September 2024)
Philippa Lupton
Tricia Mitchell (appointed September 2024)
Bryn Morgan (appointed September 2024)
Ann Murgatroyd
Kath Neal
Christopher Partington (appointed September
2023)
Anne Pearson
Mary Peet
Jenni Presland (appointed September 2024)
Olwyne Pullen
Brenda Quail
Lena Robinson (resigned August 2024)
Louise Rouse (resigned August 2024)
Eileen Sergeant
Helen Shallow
Tim Sharp
Graham Sheard (resigned August 2024)
Julie Smith (appointed September 2024)
Clare Stainsby
Joanne Stokes
Maureen Studholme (resigned August 2024)
Emma Sutcliffe
Ron Thompson (appointed September 2024)
Dorothy Walker (appointed September 2024)
Katherine Watson
Christine Wood
19.
Post balance sheet events
There have been no post balance sheet events to note in the financial statements for the year ending
31 August 2024.
20

Airedale Methodist Circuit
Notes to the Financial Statements for the Year Ended 31 August 2024
20. Comparative Statement of Financial Activities for the Year Ended 31 August 2023
Unrestricted Funds
General Circuit Model Designated Restricted
Fund
Trust Fund
Funds
Funds
Endowment Total funds
Funds
2023
Income from:
Donations
Assessment or Share
186,615
186,615
9.192
58le of chapel
Charitable artivities
9.192
Grants
3.000
11,349
3,000
11,349
3,778
Bingley Foodbank
Other income
1,128
2,650
other trading activities
Lettings
Investment income
16,495
10.395
214.633
3.180
938
19,675
24,908
258.517
12.419
12,419
1.156
15,505
Total income
15.960
Expenditure on:
Charitable activities:
stipends and salaries
District Assessments
149,789
54.360
11.091
14.661
19,717
3,000
152,789
54,360
12,721
23,980
43,667
17,459
Administration and travel
1,630
Insurance and utilities
9.319
23,950
5,636
2,330
Circuit property expenditure
Other expenditure
Grants payable
Contributions to District
Advance Fund
Bingley Foodbank
Independent examination
11,823
2,330
16,233
16,233
3,696
3,696
Total expenditure
265.137
1.630
41.235
19,233
327,235
Net income /(expenditure)
before other recognised gains
Reali5ed and unrealised gains on
investments
Transfers between funds
Net movement in funds
{50,504}
10,789
(25.275)
(3,728)
(68,718)
(521)
{785)
(1,306)
354 358
(404.862)
335 014
345.803
(5,296)
(4,884)
(785)
(70,024)
Funds brought forward
Funds carried forward
1.813.854
1 408 992
63.159
408 962
171.600
166 304
23,594
40,779
2,112,986
2 042 962
21