At the September 2022 Circuit Meeting the following Reserves Policy was approved:
To maintain a minimum reserve based four months’ expenditure (excluding Ministers’ stipends), half
of which to be held by the Circuit with half to be held by circuit churches, plus approximately one
year’s budgeted expenditure on manse maintenance, a £1,000 allowance for mission initiatives and
an allowance for future stationing costs.
The minimum reserves required under this policy at 31 st August 2022 were £46,612 to be held by the
Circuit plus £28,612 to be held by circuit churches in respect of the circuit assessment.