| 31"August 2021 were | :- | ||
|---|---|---|---|
| Unrestricted funds |
|||
| General Fund | 839,910 | ||
| Designated Funds |
|||
| International Youth Exchange |
E9,551 | ||
| Training Network |
610,038 | ||
| Continuing Development |
in Nlinistry | K23,259 | |
| Synod Reserve | f.98,269 | ||
| Nlanse Reserve Fund | R66,527 | ||
| Restricted Funds | |||
| Synod Advance Fund | R712,356 | ||
| Chair's Discretionary | Fund | R4,460 |
| THE METHODIST CHURCH - WALES | THE METHODIST CHURCH - WALES | THE METHODIST CHURCH - WALES | SYNOD | SYNOD | SYNOD | SYNOD | SYNOD | District No | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Statement ofFinancial Activities | (SOFA) for the year ended 31 | August 2021 | |||||||||
| Other | Synod | Chair's | |||||||||
| Notes | to | General | Advance | Discretionary | |||||||
| the | General Fund | Funds | Fund | Trust14008 | Fund | Total | Total | ||||
| accounts | (Unrnstdeted) | (Unrneeieledl | (Reeeieledl | (Unrestricted) | (Reeeielnd) | 2020-21 | 2010-20 | ||||
| 9 | |||||||||||
| Income from | |||||||||||
| 1 | Donations and grants |
35,804 | 35,804 | 50,549 | |||||||
| 2 | Connexional Advance |
8 Property Fund | 864 | 134,670 | 135,534 | 126,454 | |||||
| 3 | Income from investments | 422 | 2,424 | 13,293 | 15 | 16,154 | 24,868 | ||||
| Income from charitable | activities | ||||||||||
| 4 | Assessments on circuits |
3 | 32,352 | 32,352 | 57,174 | ||||||
| 5 | From Circuit Model Trust Funds | 69,818 | 69,818 | 59,909 | |||||||
| 6 | Contribution to the cost ofthe Chair |
42,214 | 42,214 | 40,825 | |||||||
| 7 | Other (Property) | 0 | 0 | ||||||||
| 8 | Total income | 111,234 | 422 | 206,912 | 13,293 | 15 | 331,877 | 359,779 | |||
| Expenditure | |||||||||||
| Expenditure on activities |
|||||||||||
| 9 | Grants and donations | 7 | 28,328 | 171,779 | 200,108 | 299,960 | |||||
| 10 | Salaries and associated costs | 8 | 108,234 | 108,234 | 110,241 | ||||||
| 11 | Cost ofthe Chair | 5 | 42,214 | 42,214 | 40,825 | ||||||
| 12 | Property Maintenance | 9 | 9,968 | 5,063 | 15,031 | 11,940 | |||||
| 13 | Office expenses | 10 | 4,552 | 4,552 | 4,132 | ||||||
| 14 | Synods, committees, | Conference | 11 | 4,005 | 4,005 | 11,035 | |||||
| 15 | Training | 102 | 102 | 1,989 | |||||||
| 16 | Other outgoings | 28,409 | 209 | 1,236 | 1,347 | 9 | 31,211 | 37,524 | |||
| 17 | Total expenditure | 225,813 | 209 | 173,015 | 6,410 | 9 | 405,456 | 517,646 | |||
| 18 | Net income before | investment | -114,579 | 213 | 33,897 | 6,883 | 6 | -73,580 | -157,867 | ||
| 19 | Transfers between |
funds | 14 | 124,650 | -12,110 | %6,040 | X6,500 | 0 | 0 | 0 | |
| 20 | Gains on revaluation | offixed assets | |||||||||
| 21 Realised end unrealised gains Ilosses on investm ants |
13 | 118,626 | 118,626 | -39,002 | |||||||
| 22 | Net movement in funds |
10,071 | -11,897 | 42,143 | 79,009 | 6 | 4s,046 | -1as,ssa | |||
| Reconciliation offunds:- |
|||||||||||
| 23 | Total funds brought forward | 431,781 | 219,541 | 744,499 | 1,026,861 | 4,454 | 2,427,136 | 2,624,005 | |||
| 24 | Total funds carried | forward | 441,852 | 207,644 | T12,356 | 1,105,870 | 4,460 | 2,472,182 | 2,42T,136 |
| Other | S)srod | Chair's | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | to | General | Advance | D(screttonarJJ | ||||||||
| the | General Fund | Funds | Fund | Trust 14000 | Fund | Tolal | Total | |||||
| accourds | (Unrestrkled) f |
(Unrestncred) f |
(Res(dc(ed) f |
(Unresslcred) f |
(Res@tered) F |
2020-21 f |
20t$.20 f |
|||||
| Fixed Assets | ||||||||||||
| Tangible | Fixed | Assets | 15 | 396,090 | 350,000 | 746,090 | 761,090 | |||||
| Total | fixed assets | 396,090 | 350,000 | 746,090 | 761,090 | |||||||
| Current | Assets | |||||||||||
| Debtors | 16 | 5,852 | 5,852 | 132,237 | ||||||||
| Investments with TMCP |
17 | 66,527 | 712,356 | 754,012 | 4,460 | 1,537,355 | 1,352,348 | |||||
| Central Finance | Board Deposits | 131,566 | 131,566 | 141,985 | ||||||||
| Cash at | Bank and in hand |
39,910 | 9,551 | 1,858 | 51,319 | 54,023 | ||||||
| Total current asseta | 45,762 | 207,644 | 712,356 | 755,870 | 4,460 | 1,726,092 | 1,680,593 | |||||
| Current | Liabilities | |||||||||||
| Creditors {due | in under 1 year) | 19 | 0 | 14,547 | ||||||||
| Total current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 14,547 | |||||
| Total | assets | less current liabilities | 441,852 | 207,644 | 712,356 | 1,105,870 | 4,460 | 2,472,182 | 2,427,136 | |||
| h)et assets | 441,852 | 207,644 | 712,356 | 1,105,870 | 4,460 | 2,472,182 | 2,427,136 | |||||
| Funds | ofthe | District | ||||||||||
| General | Fund {Unrestr(cted) | 441,852 | 441,852 | 431,781 | ||||||||
| Other General Funds | 207,644 | 207,644 | 219,541 | |||||||||
| Trust 14508 | 712,356 | 712,356 | 1,026,861 | |||||||||
| Total unrestricted funds |
441,852 | 207,644 | 712,356 | 0 | 1,361,852 | 1,678,183 | ||||||
| Chair's Discretionary Fund |
4,460 | 4,460 | 4,454 | |||||||||
| Synod Advance | Fund | 1,105,870 | 1,105,870 | 744,499 | ||||||||
| Tots)Funds | 23 | 441,852 | 207,644 | 712,356 | 1,105,870 | 4,460 | 2,472,182 | 2,427,136 |
| Circuit | No | Circuit Name |
|---|---|---|
| 2/03 | Bangor &Holyhead | |
| 2/06 | Bridgend | |
| 2/07 | Buckley &Deeside | |
| 2/09 | Cardiff | |
| 2/10 | Ceredigion | |
| 2/12 | Conwy &Prestatyn |
| 2/13 | Gwent Hills 8 Vales |
|---|---|
| Mid Glamorgan | |
| 2/16 | Mission |
| 2/18 | Neath Port Talbot |
| Newport8 Lower |
|
| 2/19 | Wye |
| 2/20 | South West Wales |
| 2/24 | Swansea 8 Gower |
| Welshpool & Bro |
|
| 2/25 | Hafren |
| 2/26 | Wrexham |
| 2/27 | Vale ofGlamorgan |
| costs are | met mostly | by the Synod. | |||
|---|---|---|---|---|---|
| 20'I9-20 | 2018-19 | ||||
| Stipend of | Chair of | District, Rev Dr Stephen | Wigley | 31,905 | 31,065 |
| Employer's | National | Insurance contributions |
and | 3,443 | 3,075 |
| Apprenticeship Levy |
|||||
| Employer's | pension | contributions | 6,866 | 6,685 | |
| Cash cost | paid by the Connexion (see SOFA, line 6) | 42,214 | 40,825 |
| To | For | ||
|---|---|---|---|
| Churches | 70,418 | Property | 17,990 |
| Circuits | 98,417 | Ministry | 193,357 |
| Other projects | 2,944 | Online worship 5Mission | 26,472 |
| Sub total | 172,779 | ||
| Wales Synod | 66,040 | ||
| Total | 237,819 | 237,819 |
| 2019-20 | 2019-20 | ||||
|---|---|---|---|---|---|
| Gross pay | 84,316 | 88,661 | |||
| Employer's National Insurance |
contributions | 6,799 | 6,851 | ||
| Employer's pension contributions |
to defined | ||||
| contribution schemes |
16,329 | 13,466 | |||
| Apprenticeship levy, computers |
in ministry | ||||
| allowance and payroll administration |
790 | 1,263 | |||
| Total costs of4staff | 108,234 | 110,241 | |||
| Cost ofChair (see Note | 5) | 42,214 | 40,825 | ||
| Total staff costs | 150,448 | 151,066 | |||
| Total weekly contractual | hours | oftwo (2019- | |||
| 20three) non-ministerial | staff | 40 |
| 2019-20 | 2018-19 | ||||
|---|---|---|---|---|---|
| f. | |||||
| Synods | 0 | 1,260 | |||
| Committees | 145 | 1,652 | |||
| Chair's travel | 1,544 | 2,853 | |||
| Other | 2,316 | 5,270 | |||
| Total | 4,005 | 11,035 | |||
| Other | outgoings | ||||
| 2020-21 | 2019-20 | ||||
| Cha lainc |
ex | enses | 5,171 | 5,897 | |
| Synod Enabler | Ethnic Minorities expenses | 2,739 | 3,322 | ||
| Safe uardin | excludin | salaries | 347 | 2,157 | |
| Assistant | Chairs | 15,697 | 17,272 | ||
| Other expenses | 4,455 | 5,425 | |||
| Total | 28,409 | 34,073 |
| Balance at | Balance at | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Fund | 01-Sep-20 | Income | Expenditure | Transfers | Gains/ Losses | 31-Aug-21 | |||
| f | f | f | f | f | f | ||||
| General Fund | 431,781 | 111,234 | 225,813 | 124,650 | 441,852 | ||||
| International Exchange |
8,624 | 73 | 1,000 | 9,551 | |||||
| Training | 10,024 | 14 | 10,038 | ||||||
| CDiM | 24,335 | 33 | 1,110 | 23,258 | |||||
| Synod Reserve | 107,625 | 143 | 9,500 | 98,268 | |||||
| Manse Reserve | 68,933 | 232 | 137 | 2,500 | 66,528 | ||||
| Trust 14508 | 1,026,861 | 13,293 | 6,410- | 46,500 | 118,626 | 1,105,870 | |||
| Total other | designated | 1,246402 | 13,715 | 6619 | — | 58,610 | 118,626 | 1,313,514 | |
| Total unrestricted | funds | 1,678183 | 124,949 | 232,432 | 66040 | 118,626 | 1,755,366 | ||
| Synod Advance | Fund | 744,499 | 206,912 | 173,015 | — | 66,040 | 712,356 | ||
| Chair's Discretionary | Fund | 4,454 | 15 | 9 | 4,460 | ||||
| Total restricted | 748953 | 206928 | 173,024 | — | 66040 | ?16,816 | |||
| Total Funds | 2,427,136 | 331,877 | 405,456 | 118,626 | 2,472,182 |
| Names ofConnected Organisatlons |
Receipts | Payments | Adjustments |
|---|---|---|---|
| Donor/Donee: Circuits within the Wales Synod (assessments on Circuits/grants and support) |
32,362 | 102,192 | |
| Donor/Donee: Methodist Church Fund |
236,823 | 23,130 | |
| Donee: Churches within the Wales Synod (grants) |
72,418 |