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|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|
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|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|
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||||||||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|
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|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|
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|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|
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|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|
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|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|
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|||||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||
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|||||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|
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||||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|
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|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||
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