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2025-08-31-accounts

Charity Number: 1160063

Airedale Methodist Circuit

T Annual Report and Financial Statements

for the Year Ended 31 August 2025

Airedale Methodist Circuit

Contents

Page
Charity Information ............................................................................................ 1
...................................................................................... 2
Independent Examiner
............................................................................ 6
Statement of Financial Activities ........................................................................... 7
Balance Sheet .................................................................................................... 8
Notes to the Financial Statements ........................................................................ 9

Airedale Methodist Circuit

Charity Information

Reference and Administrative Information

Circuit Number: 27/31 Charity Registration Number : 1160063

The Circuit comprised the following churches at 31 August 2025:

Aire Valley (including Bingley, Ilkley Road and Long Lee congregations); Cononley (LEP); Craven (Cross Hills, Eastburn, Silsden and Steeton congregations); 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 (Resigned December 2025) Pippa Lupton (Resigned December 2025) Chris Partington (Resigned January 2026) New Places for New People Pre-Loved 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 Co-Ordinator Daniel Spencer (Appointed February 2025) Facilities Co-Ordinator James Huntington (Appointed December 2025) Trustees: The Circuit Meeting members are the Trustees of the Charity (listed in Note 18). Circuit Stewards: Claire Corp Pam Helyar (Resigned August 2025) Peter Howarth (resigned September 2024) Graham Iliff Circuit Safeguarding Officer: c/o Rev Clare Stainsby and Esther Gregory-Witham Circuit Treasurer: Mr Graham Iliff Circuit Office : Airedale Methodist Circuit Office 80 Kirkgate Silsden Keighley BD20 0PA Independent Examiner : Jessica Lawrence FCA CTA Azets Audit Services Limited 12 King Street Leeds LS1 2HL

1

Airedale Methodist Circuit

5

Structure, Governance and Management

The financial statements have been prepared in accordance with the accounting policies set out in the 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

Worship

Learning and Caring

The Church exists to help people to grow and learn as Christians, through mutual support and care.

Service

The Church exists to be a good neighbour to people in need and to challenge injustice.

Evangelism

The Church exists to make more followers of Jesus Christ.

of God.

of the world.

Objectives:

As stated in the Governing Document, the purposes of the Methodist Church are the advancement of:

2

Airedale Methodist Circuit

5

Structure and Decision Making

autumn and spring and elsewhere as needed.

The Circuit Leadership Team (CLT), comprising the Ministers, Lay Workers and Stewards, are 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 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 Management

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.

Public Benefit

Airedale Methodist Circuit carries out a range of activities in pursuance of its mission. The Circuit will use resources for mission-based projects. 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. 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 well as in safeguarding to help foster a culture of safety, respect and welcome for all. Baptisms, weddings and funerals supported church and local community members at times of particular need and Messy Church gatherings youngsters wonderful opportunities to develop friendships and skills in the supportive context of a faith community.

3

Airedale Methodist Circuit

5

Achievements and Performance (continued)

The New Places for New People (NPNP) Project, supported by significant Connexional and District funding, continued to develop at The New Place in Keighley following the closure and surrender of the leases of the Preloved shop in the Royal Arcade. Regular open sessions several times a week are drawing large numbers of people across a wide age range into this warm and welcoming environment, supported by volunteers and staff who follow a daily worship pattern. Significant outreach was also offered by the Bingley Foodbank.

People and property

Ministers, Lay Employees and Volunteers

We are blessed by faithful and committed volunteers who work alongside the staff, but the Circuit and many churches are increasingly struggling to fill vacancies. Recognizing the scale of these challenges, continue to be witnessed to into the future. In meetings with congregations, churches and Circuit trustees, a number of changes were prayed about and discussed. It was agreed that during 2025-26 Bingley, Cross Hills and Lees will become Project centres to focus on mission, managed by the Circuit. Eastburn, Ilkley Road, Long Lee and Marsh will close and suitable opportunities will be found to give

Thanks were expressed to those who stepped down from their roles, including Sarah McDonald-Howard for NPNP, Tim Sharp after many years on Circuit Property Group, and Pam Helyar following many years as a Circuit Steward. The Circuit is thankful for all they have contributed.

To support its expanding responsibilities the Circuit appointed Daniel Spencer in February 2025 as Finance Assistant. In April 2025, the Circuit welcomed Adam Denno to serve as the NPNP project worker at The New Place.

Property matters

In February 2025, the sale of the former manse in Sutton-in-Craven completed. The sale price less Connexional levy exceeded its carrying value in the Circuit accounts by £24,935 which was recorded as income (profit on sale). Work continues towards selling the former Methodist Churches at Cowling and its other former manse in Silsden.

The Circuit continues to encourage a focus on ecological sustainability, and Silsden has been selected for significant District support to showcase the installation of heat pumps in a church building. This

Financial Review

The Statement of Financial Activities shows net expenditure after recognised losses for the year of £159,187 (2024 £164,084) and the total reserves at 31 August 2025 stand at £1,719, 691 (2024 £1,878, 878). But these figures include the finances of Bingley Foodbank and Exley Head, the profit on sale of the Sutton manse 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, the Circuit would be seen on one calculation to be running at a deficit in the region of £119,000, compared with around £139,000 in 2024).

for the NPNP Project, interest and rental income, while the main items of revenue expenditure were the employment and (where applicable) accommodation costs of the staff, the Connexional and District Assessments, and operating costs including property costs.

continues to be funded from the proceeds from property sales. The financial position will be carefully

4

Airedale Methodist Circuit

Achievements and Performance (continued)

The Trustees aim to hold sufficient free reserves (unrestricted funds not committed or invested in fixed costs were £238,972 and the free reserves were £341,949 (2024 - £276,410) which would sustain the Circuit for a little over 8 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

After the Year End

The Circuit took on the Managing Trusteeship of Lees, Cross Hills and Bingley and appointed James Huntington as the Facilities Coapproved the sale of the Keighley manse for when Rev Clare leaves around August 2026.

The Circuit gave thanks to Glenda Coogan, Pippa Lupton and Chris Partington for all that they had done, as they resigned from their posts.

The Circuit Stewards followed the stationing process to seek a replacement Superintendent Minister from September 2026, and prepared to advertise for new Project workers to support the mission at Lees, Cross Hills and Bingley.

Trustees Responsibilities

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:

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 detection of fraud and other irregularities.

Approved by the Circuit and signed on its behalf by:

Reverend Clare Stainsby

Date:

5

Airedale Methodist Circuit

In Circuit

Report to the Trustees of Airedale Methodist

I report to the trustees on my examination of the financial statements of Airedale Methodist Circuit for the year ended 31 August 2025.

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 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 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

I report in respect of my examination of the Charity 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 body. My work has been undertaken so that I might state to the Charity

extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity made.

Since the Charity in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I 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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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.

Jessica Lawrence FCA CTA

Azets Audit Services Limited 12 King Street Leeds LS1 2HL

6

Airedale Methodist Circuit

Statement of Financial Activities for the Year Ended 31 August 2025

Unrestricted Funds Unrestricted Funds Unrestricted Funds
Circuit Total Total
General Model Trust Designated Restricted Endowment funds funds
Note Fund Fund Funds Funds Funds 2025 2024
£ £ £ £ £ £ £
Income from:
Donations
Assessment or Share 207,027 - - - - 207,027 189,231
Donations - - - - - - 5,517
Sale of church 24,935 - - - - 24,935 20,050
Charitable activities
Grants 2,393 - - 35,557 - 37,950 35,600
Bingley Foodbank - - - 11,362 - 11,362 10,350
Other income 3,500 - 650 - - 4,150 4,650
Other trading activities
Lettings 15,159 - - - 15,159 16,005
Investment income 10,184 8,336 - 1,193 - 19,713 30,604
Total income 263,198 8,336 650 48,112 - 320,296 312,007
Expenditure on:
Charitable activities:
Stipends and salaries 2 256,388 - - - - 256,388 249,404
District Assessments 58,400 - - - - 58,400 55,716
Administration and travel 9,060 2,606 36,292 - 47,958 38,664
Insurance and utilities 20,790 - 20,790 25,572
Circuit property expenditure 12,649 - 22,796 18,844 - 54,289 65,705
Other expenditure 25,482 25,482 27,673
Grants payable 10 - - - - - - 2,688
Bingley Foodbank - - - 10,377 - 10,377 10,263
Independent examination 4,260 - - - - 4,260 4,000
Total expenditure 387,029 2,606 59,088 29,221 - 477,944 479,685
Net income /(expenditure)
before other recognised gains		 4 (123,831) 5,730 (58,438) 18,891 - (157,648) (167,678)
Realised and unrealised gains on
investments - - - - (1,539) (1,539) 3,594
Transfers between funds 11 (52,133) 37,133 15,000 - - - -
Net movement in funds (175,964) 42,863 (43,438) 18,891 (1,539) (159,187) (164,084)
Funds brought forward 11 1,577,989 92,260 143,840 21,525 43,264 1,878,878 2,042,962
Funds carried forward 11 1,402,025 135,123 100,402 40,416 41,725 1,719,691 1,878,878

The notes on pages 9 to 20 form part of these financial statements.

A detailed Statement of Financial Activities for the year ending 31 August 2024 is shown at note 20.

There were no recognised gains and losses for 2025 and 2024 other than those included in the Statement of Financial Activities.

7

Airedale Methodist Circuit

Balance Sheet as at 31 August 2025

Total Total
General Circuit Model Designated Restricted
Endowment		 funds funds
Note Fund Trust Fund Funds Funds Funds 2025 2024
£ £ £ £ £
Fixed assets:
Tangible assets 5 1,195,200 - - - - 1,195,200 1,393,843
Investments 6 - - - - 41,725 41,725 52,788
1,195,200 - - - 41,725 1,236,925 1,446,631
Current assets:
Debtors 7 30,276 - - - - 30,276 23,934
Bank: Central Finance Board
and Trustees for Methodist 204,015 135,123 100,402 - - 439,540 371,307
Church Purposes deposits
Bank 8,617 - - 40,416 - 49,033 85,458
Total Current Assets 242,908 135,123 100,402 40,416 - 518,849 480,699
Creditors: Due within one
year		 8 (36,083) - - - - (36,083) (48,452)
Net current assets 206,825 135,123 100,402 40,416 - 482,766 432,247
Total net assets 1,402,025 135,123 100,402 40,416 41,725 1,719,691 1,878,878
Funds of the circuit:
General Fund 1,402,025 - - - - 1,402,025 1,577,989
Circuit Model Trust Fund - 135,123 - - - 135,123 92,260
Designated Funds - - 100,402 - - 100,402 143,840
Total Unrestricted Funds 1,402,025 135,123 100,402 - - 1,637,550 1,814,089
Restricted Funds - - - 40,416 - 40,416 21,525
Endowment Funds - - - - 41,725 41,725 43,264
Total circuit funds 11 1,402,025 135,123 100,402 40,416 41,725 1,719,691 1,878,878

The notes on pages 10 to 21 form part of these financial statements.

These financial statements were approved by the board of trustees and signed on its behalf:

Reverend Clare Stainsby Superintendent Minister and Chair of Trustees

Graham Iliff Trustee

Date:

8

Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

1. 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 Airedale Methodist Circuit Office, 80 Kirkgate, Silsden, Keighley, BD20 0PA.

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 1 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 are disclosed in note 11 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.

9

Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

1. 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 costs 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 Circuit 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.

10

Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

1. 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 discounts due.

Creditors, loans, 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 accounted for as liabilities in the period in which the award is made.

Financial liabilities are only derecognised when, the Charity 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 (M 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 circuit.

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 instruments. 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

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.

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Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

1. 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 1, 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.

2. Minister and Lay Staff Information

The average number of clergy and lay staff were:

2025 2024
Clergy 3 3
Lay staff 5 6
8 9

Ministers and lay staff costs during the year were as follows:

Lay Lay
Clergy staff Total Clergy staff Total
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Wages and salaries 97,030 112,611 209,640 91,020 111,125 202,145
Social security costs 10,739 10,590 21,330 9,295 8,262 17,557
Pensioncosts 18,661 6,757 25,418 23,033 6,669 29,702
126,430 129,958 256,388 123,348 126,056 249,404

No employees earned £60,000 or more during the year (2024: no employees).

The Charity considers its key management personnel to include the Circuit Staff as set out on page 1. 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.

3. Trustees emuneration and Trustees xpenses

There were no expenses paid to trustees during the year other than those referred to in Note 13. All paid to trustees is included in Note 13.

4. Net Expenditure for the Year

This is stated after charging: 2025 2024
£ £
Independent Examiners fee 1,050 1,000
Accountancy services provided by the Independent Examiner 2,500 2,340

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Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

5. Tangible Fixed Assets

5.
Tangible Fixed Assets
Freehold land and
buildings Total
£ £
Cost:
At 1 September 2024 1,393,843 1,393,843
Disposals (198,643) (198,643)
At 31 August 2025 1,195,200 1,195,200
Depreciation:
At 1 September 2024 and 31 August 2025 - -
Net book value at 31 August 2025 1,195,200 1,195,200
Net book value at 31 August 2024 1,393,843 1,393,843
6.
Investments
£
Market value at 31 August 2024 52,788
Disposals in the year (9,524)
Revaluation (1,539
Market Value at 31 August 2025 41,725

Investments include unitised funds held in the COIF Charities Investment Fund Income Units administered by CCLA.

The historical cost of investments held at market value is £35,295 (2024 - £35,295).

7. Debtors

7.
Debtors
2025 2024
£ £
Due within one year:
Debtors 10,912 10,357
Prepayments and accrued income 19,364 13,577
30,276 23,934

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Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

8. Creditors
2025 2024
£ £
Income received in advance 27,080 37,613
Accruals 9,003 10,839
36,083 48,452

Income in advance represents assessments paid by circuit churches for the year ended 31 August 2026.

9.
Income received in advance
2025 2024
£ £
Balance at 1 September 37,613 55,265
Released in the year to the statement (37,613) (55,265)
Deferred in theyear 27,080 37,613
27,080 37,613
10.
Grants Payable
During the year the Charity awarded grants to the following: 2025 2024
Total Total
£ £
Grants made to institutions:
Silsden MC - 980
Cullingworth MC - 594
Oxenhope MC - 614
Christian Links in Keighley Schools - 500
- 2,688
Reconciliation of grants payable 2025 2024
£ £
Commitment at 1 September - -
Grants committed in the year (as above) - 2,688
Grants paid in the year - (2,688)
Commitment at 31 August(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.

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Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

11. Movement in Funds

Income &
For the year ended Balance
Realised/		 Balance
31 August 2025 1 September
Unrealised		 31 August
2024 **Gains ** Expenditure Transfers 2025
£ £ £ £ £
Endowment funds:
Hebden Wright Fund 43,264 - (1,539) - 41,725
Restricted funds:
NPNP Grants 2,727 36,750 (18,844) - 20,633
Bingley Foodbank 18,798 11,362 (10,377) - 19,783
Total Restricted funds 21,525 48,112 (29,221) - 40,416
Unrestricted funds:
General Funds 1,577,989 263,198 (387,029) (52,133) 1,402,025
Circuit Model Trust Fund 92,260 8,336 (2,606)) 37,133 135,123
Total 1,670,249 271,534 (389,635) (15,000) 1,537,148
Designated funds:
Manses Funds 20,536 - (9,346) 15,000 26,190
CAF Grants Funds 6,822 - - - 6,822
Victoria Park Funds 66,092 - (15,465) - 50,627
Benevolence Fund 5,620 - - - 5,620
Keighley Church Fund 29,307 - (29,307) - -
Exley Head Fund 15,463 650 (4,970) - 11,143
Total designated funds 143,840 650 (59,088) 15,000 100,402
Total unrestricted funds 1,814,089 272,184 (448,723) 15,000 1,637,550
Total funds 1,878,878 320,296 (479,483) - 1,719,691

Circuit Model Fund Transfers : to cover grant payments, property transactions and budget support during the year.

Restricted funds

NPNP Grants - funding for mission project in Keighley. Bingley Foodbank - funding for the relief of hunger locally

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.

15

Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

Income &
For the year ended Balance
Realised/		 Balance
31 August 2024 1 September
Unrealised		 31 August
2023 **Gains ** Expenditure Transfers 2024
£ £ £ £ £
Endowment funds:
Hebden Wright Fund 39,994 3,270 - - 43,264
Restricted funds:
NPNP Grants - 36,373 (33,646) - 2,727
Bingley Foodbank 18,710 10,350 (10,262) - 18,798
Hebden Wright Fund - 1,167 - (1,167) -
Total Restricted funds 18,710 47,890 (43,908) (1,167) 21,525
Unrestricted funds:
General Funds 1,408,992 226,220 (382,536) 325,313 1,577,989
Circuit Model Trust Fund 408,962 27,610 (1,166) (343,146) 92,260
Total 1,817,954 254,997 (383,702) (17,833) 1,670,249
Designated funds:
Manses Funds 21,610 - (21,074) 20,000 20,536
CAF Grants Funds 9,009 - (2,187) - 6,822
Victoria Park Funds 82,757 - (16,665) - 66,092
Benevolence Fund 5,620 - - - 5,620
Keighley Church Fund 27,061 9,771 (6,525) (1,000) 29,307
Exley Head Fund 20,247 840 (5,624) - 15,463
Total designated funds 166,304 10,611 (52,075) 19,000 143,840
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

16

Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

12. Analysis of Net Assets by Fund

For the year ended Unrestricted Designated Restricted Endowment
31 August 2025 funds funds funds funds Total funds
£ £ £ £ £
Tangible fixed assets 1,195,200 - - - 1,195,200
Investments - - - 41,725 41,725
Net current assets 341,948 100,402 40,416 - 482,766
1,537,148 100,402 40,416 41,725 1,719,691
For the year ended
Unrestricted
Designated		 Restricted Endowment Total
31 August 2024 funds funds funds funds funds
£ £ £ £ £
Tangible fixed assets 1,393,843 - - - 1,393,843
Investments - 9,524 - 43,264 52,788
Net current assets 276,406 134,316 21,525 - 432,247
1,670,249 143,840 21,525 43,264 1,878,878

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:

2025 2024
Name Position Salary Salary
£ £
Rev C Stainsby Minister 31,020 29,040
Rev H Shallow Minister 31,020 29,040
Rev T Birks Minister 31,020 29,040

All the above

In addition to the basic stipend, a Connexionally agreed Superintendent Ministers allowance of £3,102 (2024: £2,904) 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:

for acting as trustees:
2025 2024
Name Position Salary Salary
£ £
Glenda Coogan Church Worker 18,385 17,680
Pippa Lupton Church Worker 24,867 22,866
Chris Partington Church Worker 22,062 21,216

Other ministers

No trustees were paid preaching fees in the year (2024 none).

Other payments

No travelling or course fees were paid to trustees (2024 none).

17

Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

14. Pension Scheme

The Charity 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 20% (2024 26.9%) of

The cost of the pension scheme to the circuit for the year ended 31 August 2025 was £18,660 (2024: £23,033).

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 2025 was £6,757 (2024: £6,669). There were no amounts outstanding at the year end (2024: £nil).

15. Commitments

There were no capital commitments at 31 August 2025 (2024: 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:

2025 2024
£ £
Within one year 1,457 1,457
Between two and five years 2,549 4,005
4,006 5,462

16. Contingent Liabilities

There were no contingent liabilities as at 31 August 2025 (2024: no contingent liabilities).

17. Hebden Wright Endowment

The Hebden Wright Endowmen 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 Hebden Wright charity was dissolved in July 2022. The capital of £41,725 has been shown as an endowment at 31 August 2025 (2024: £43,264).

18. Post balance sheet events

There have been no post balance sheet events to note for the year ending 31 August 2025.

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Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

19. Trustees

The following trustees have held office since 1 September 2024:

Adam Denno Andrew Houldsworth Ann Murgatroyd Anne Pearson Anne Brown (Appointed September 2025) Brenda Quail Bryn Morgan (Appointed September 2024) Christine Hambley Christine Wood Christopher Partington (Resigned January 2026) Claire Corp Clare Dewhirst Clare Stainsby Darrell Cummins (Appointed September 2025) David Ayrton David Clegg David Howarth Denise Butcher Dorothy Walker (Appointed September 2024) Eileen Sargeant Emma Sutcliffe Fiona Green Glenda Coogan (Resigned December 2025) Graham Iliff Helen Shallow James Huntington Jean Ainsworth Jenni Presland (appointed September 2024) Joan Whitfield (Appointed September 2025)

Joanne Stokes Joyce Hartley Judith Hargreaves Julie Smith (appointed September 2024) Kath Neal Kathleen Crabtree Lindsey Butler Mary Peet Maurice Baren Olwyne Pullen Pam Helyar (Resigned August 2025) Pat Keene (appointed September 2024) Peter Howarth Phil Corp Philippa Lupton (Resigned December 2025) Richard Arnold (resigned March 2025) Ronald Thompson (Appointed September 2024) Susan Cutter Susan Rishworth (Appointed September 2024) Tim Sharp (Resigned August 2025) Tony Denning Tracy Birks Tricia Mitchell (appointed September 2024) Valerie Hogg (Appointed September 2025)

19

Airedale Methodist Circuit

Notes to the Financial Statements for the Year Ended 31 August 2025

20. Comparative Statement of Financial Activities for the Year Ended 31 August 2024

Unrestricted Funds

Total
General Circuit Model Designated Restricted Endowment funds
Fund Trust Fund Funds Funds Funds 2024
£ £ £ £ £ £
Income from:
Donations
Assessment or Share 189,231 - - - - 189,231
Donations - - 5,517 - - 5,517
Sale of church 20,050 - - - - 20,050
Charitable activities
Grants - - - 35,600 - 35,600
Bingley Foodbank - - - 10,350 - 10,350
Other income 2,689 - 1,188 773 - 4,650
Other trading activities
Lettings 14,250 - 1,755 - - 16,005
Investment income - 27,610 1,827 1,167 - 30,604
Total income 226,220 27,610 10,287 47,890 - 312,007
Expenditure on:
Charitable activities:
Stipends and salaries 224,413 - - 24,991 - 249,404
District Assessments 55,716 - - - - 55,716
Administration and travel 37,498 1,166 - - - 38,664
Insurance and utilities 12,992 - 12,148 432 - 25,572
Circuit property expenditure 22,963 - 37,740 5,002 - 65,705
Other expenditure 24,453 - - 3,220 - 27,673
Grants payable 501 - 2,187 - - 2,688
Bingley Foodbank - - - 10,263 - 10,263
Independent examination 4,000 - - - - 4,000
Total expenditure 382,536 1,166 52,075 43,908 - 479,685
Net income /(expenditure) before
other recognised gains		 (156,316) 26,444 (41,788) 3,982 - (167,678)
Realised and unrealised gains on
investments - - 324 - 3,270 3,594
Transfers between funds 325,313 (343,146) 19,000
 (1,167) - -
Net movement in funds 168,997 26,444 (22,464) 2,815 3,270 (164,084)
Funds brought forward 1,408,992 408,962 166,304 18,710 39,994 2,042,962
Funds carried forward 1,577,989 92,260 143,840 21,525 43,264 1,878,878

20