2021-08-31-accounts - Plymouth Methodist Mission Circuit

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			Page
Trustees' Report (incfudlng reference and administrative		details)	1-5
Statement ofIfnanclal actlvltles
Salance Sheet
Statement cfcash flows
Notes to the Rnanclal statements			9-17
Dedaratlon			18
Independent examiner's report			19
The fogowlng pages do not form part ofthe hnanctal		statements
Detailed statement offlnanclal	acUvlttes		20-21

V Jordan
AJStephens	Rev. G Higgs	Chairman
I Hodglns	GHHom
A De Vlsll	H Mitchell
8Westlake	NJ Morris
LSharp	M D Haydon	(Appointed	1/1/21)
M Coutts	P Courlney	(Appointed	1/1/21)
AAlexander	E Norton	(Appointed	1/1/21)
H M Robins J Morris	LStewart C Paterson	(Appointed (Appointed	1/1/21) 1/9/21)
M Jenner	C AJago	(Appointed	1/9/20)
C Smith	C Hodglns	(Appointed	1/1/21)
J M Stephens
P Hom
G Rolfe

Other relevant o	rgsnisatlons acting on behalf	rgsnisatlons acting on behalf
Bankers:	Lloyds TSBBank Pic
	8 Royal Parade
	Plymouth
	PL1 1HB
Solkitors	Gill Akaster
	25 Lockyer Street
	Plymouth
	PL1 2QW
Accountants	Prydis Accounts	Limited
	The Parade
	Liskeanl
	Comwall
	PL146AF

			UnreslrkM	Restricted
		Note	funds	funds	Total 2021			Total 2020
					f'			f
Income and Endowments
onstlons, grants snd legeckxr		2		428,229	428,229	79,845	367,721	447,566
Assessments on Churches		3	115,000		115,000	121,700		121,700
Other charitable Income		3	8,372	15,212	23,684		21,672	21,672
Income fram monetary Investments		4	336	1,262	1,598	624	1,091	1,715
Other		5	2275		2475	342		342
Total			125,983	444,703	570,666	202,511	390,484	592,995
Expenditure on charitable	esther
Grants and dcnabcns		9	123	7,237	7,360	390	0	390
Sakxles and ssscckrted costs		7	73423	62,343	135,566	71,417	58,398	127,813
Property maintenance -menses			1430	-	1,230	1,006		1,008
Pmparty maintenance -other				6,470	6,470		5,424	5,424
District Assessment 8 Levy			26,264	-	25,254	26,408		26,408
Dspree lsgcn		12	1,197	4,042	5,239	1,595	3,639	5,234
Cfire &other expenses		8	5,795	247,055	252,650	4,998	195,276	200,274
Telephone 6travel			1,249	2,672	3,921	2,712	1,346	4,060
Insrxancs, utllNes etc.			10,628	15,489	26,117	11,501	17,779	29480
Total			118698	345308	484007	120028	279862	399890
Net Incomel(expendltum)	foryear		7,285	99,395	108,679	82483	110,822	193,106
Transfers between funds		19	1,856	(1,856)		(625)	625
Net movement In funds			9141	97539	108,679	81,858	111,247	193,105
Reconcllladon offunds:
Total funds brought fonrard			136,825	869649	1 006,274	54767	758402	813169
Total funds carried forward			145,786	967,188	1,112,953	136,625	889,649	1,006,274

			Unrestricted	Restricted	Totals this	Totals last
		Notes	fundsf	Funds f	year'f	yearf
Fhed Assets
Tanglbk9 fixed esses&		12	36M	624994	328682	619M7
Total fixed assete			3&588	624,994	628,582	819,067
Current Assets
Stock		13		11,280	11,280	62,670
Debtors		14	5,291	5,036	10,327	9,577
Central Rnancs Board	Deposits	15	28,699		28,699	36,310
Cash at Bank end In hand		15	129229	3915!6	620 914	377 413
Total current assets			183,219	408,001	571~0	485,970
Cunent liebl98es
Creditors (due in under	1 year)		21,041	65808	86849	98,763
Total current llabllltles			(21,041)	(65,808)	(86,849)	(98,763)
Net current assetsfgablltles			142,178	342,193	484,371	387407
Net assets			1467M	967187	1 11 953	~&DOS 4
Funds ofthe Cbc nit
General Fund (Urrestdcted)		17	145766		146 &M	136325
Total Unrestricted Funds			145,766		145,788	1M,626
Restdcted Funds		18		967,188	967,188	869,649
Total Funds			145&M	967188	I 112963	~15M 74

							Totals this	Totals
							yearf	last year F
Cash from operating activities							149947	148778
Net cash used In operating activities							191,M7	448,778
Cash flows from Investing a tlvttles
DMdends, interest and rents from investments							1,598	1,715
Proceeds from the sale of property, plant Purchase of property, plant and equipment Net cash provided by Investing sctMtles		and	equipment				~4, 734 13,158	1,715
Cash flows from financing activities
New borrowing
Repayments of borrowing
Net cash used in Ilnandng activities
Change In cash and cash equivalents	In	the	reporting	period			135,891	150,493
Cash and cash equivalents at the beginning			ofthe reporting		period		413,723	263,229
Cash snd cash equivalents at the end	of	the	reporting	period			549,614	413,722
Recontdtiatkm ofnst Income to net	cash flow from			operating		activtthrs
Net Income forthe reporting period (ss per statement				of5nandal		actlvNes)	106,679	193,105
Adtustments for.
Depredatlcn snd amortisatlon charges							5,239	5,234
Profit on the sale offhed assets
Loss on the sale offixed assets
Gains on Investments
Dividends, interest and rents from Investments							(1,598)	(1,715)
Decrease/(Increase) In stocks							51,390	(46,196)
increase)/decrease In debtors							(750)	(1,082)
increase/(decrease) In creditors							(11,913)	(588)
Net cash used In operating actMties							149,047	148,778
Analysis ofcash snd cash equivalent Central Finance Board Deposits Cash at Bank snd In hand							28,699 839914	36,309 377413.
Total cash and cash equivalents							549,813	413,722
Reconciliation ofnet debt
		1st Sept 2020			Cash-flow		31stAug 2021
Cash and cash equivalents			413,722			135,891	549,613
Debt under 1 year
Debt over 1 year
			413,722			135,891	549,613

2 Donations snd	legacies
		2021			2020
	Unrestricted	Restricted	Toad Funds	Unrestrkted	Restricted	Total Funds
	Funds	Funds	2021	Funds	Funds	2020
	E	E	F.	E	E	E
Donations		338,297	338,297	79,845	98,489	178,334
Grants Received		89,932	89,932		289,232	289,232
		428 229	428229	79845	387721	447 686

Other Charitab	le	Income
		UnreslrkM	2021 Restricted	Total Funds	U~	2020 RestrkM		Total Funds
		Funds	Funds	2021	Funds	Funds		2020
		E	E	E	E	E		E
Mlvlges for
generating funds		2,275	15412	17,487		9,521		9,521
Fundmislng events
Rental Income		8,372		8,372		12,151		12,151
		10847	15 12	25859		21 672		21 872
4Investmsnt	Income
			2021			2020
		Unrestricted	Retrkted	Total Funds	Unrestricted	Restrkted		Total Funds
		Funds	Funds	2021	Funds	Funds		2020
Interest received		E	E	E	E	E		E
Central Fluence Board		57		57			171	713
Other Banks			1,203	1,541	82		920	1,002
			1203	1 598	624	1	091	1715

8ONce and	other expenditur	e
		Unrasktcted		2021 Restricted	Total Funds	Unrestricted		2020R~	Total Funds
		Funds		Funds	2021	Funda		Funds	2020
		e	e	e	e		e	e	e
Prtnffng and Statcnsry		1,484		3,557	5,041			3,416	3,484
Professional fees								199	199
Accountancy fees		1,492		1,070	2,562	1,324		1,214	2,538
Independent examlnatkm fees				700	1,050				1,050
Staf expenses			357	1,077	1,434	3,211		1,509	4,720
TMCP Charges			161	537				360
Tralrang								1,206	1,206
Sundry costs		1,951		16,943	17,894			8,388	8,433
Grants for whffe goads				23,013	23,013
Oasis Project costs				9,570	9,570			7,117	7,117
Fccdbank provtakms				191588	191588			171167	171167
Total		5	795	247 055	252 850	4	998	195 76	200 74
9Grants and	donaBons
				2021				2020
		Unrestricted		Restricted	Total Funds	Unrestricted		Restricted	Total Funds
		Funds		Funds	2021	Funds		Funds	2010
Other donadons
Other					7360
Total					7 360
10Direct and support costs
				2021				2020
		Unrestricted		Restricted	Total Funds	Unmstrlcted		Restrtctsd	Total Funda
		Funds		Funds	2020	Funds		Funds	2019
		e		e	e	e		e	e
Direct costs		106,074		259,046	365,120	106,785		256,753	363,538
Support costs:
Prlntlng and staffonery		1,484		3,557	6,041		68	3,416	3,484
Insurance and utlllffes		10,628		15,489	26 117	11,501		17779	29,280
		12,112		19,046	31,158	11	589	21 195	32764
Governance	costs:
Accountancy	services by	1,492		1,070	2,562	1,324		1,214	2,538
Independent	examiner
Independent	examination		350	700	1 050		350	700	1050
		1,842		1,770	3,612	1,674		1,914	3,588

			2021	2020
			6
Deferred income brought forward			28,750
Assessment	Income received In	the year	105,100	120,250
Deferred Income carried forward			(18,850)	~428, 758
Assessment	Income recognised	In the year	115ODD	121 BOD

Fund		Balance at							Balance at
		31-Aug-20 8	income 6	Expenditure 8		Transfers 6			31~g-21 6
Property		584,408							584,408
Oasis Project		68,569	36,035		(42,156)				82,448
Plymouth Foodbank		259,045	408,609		(294,909)				372,745
Keyhsm Methodist	Community	Centre 2,325			(469)		(1,856)
Circuit Model Trust	Fund	19,910	59		(7,775)				12,194
Amounts due to PMCH		(64,808)							(64,608)
		869,649	444,703		(345,309)		1,856)		967,187
General Fund		58,780	125,983		(118,897)		1,856		65,922
Designated - Oasis	Project	79,845							79,845
Total Funds		1,006474	570,888		464,006				1,112,953
Transfers between	funds
Transfers represent	recharges	for rent and services provided between	the separate		departments	ofthe		Mission
Circuit.
Fund		Balance at							Balance at
		314wg-19		Expenditure			Transfers		31~g-20
		8			6
Properiy		584,408							584,408
Oasis Project		55,034	57,954		(44,419)			0	68,569
Plymouth Foodbank		161417	331,309		(233,481)			0	259,045
Ksyham Methodist	Community	Centre 2,065	1,049		(1,414)			625	2,325
Circuit Model Trust	Fund	20,288	172		(548)				19,910
Amounts due to PMCH		(64,608)							64,608
Total restricted		758,402	390,484	-	279,862			625	869,649
General Fund		54,767	202,511	-	120,028	-	80,470		56,780
Designated - Oasis	Project						79,845		79,845
Total Funds

			2021	2020
			8	6
Income
Circuit Assessments			115,000	121,700
Oasis Project - 2020				67,635
Grants			89,932
Donations			338297
Plymouth Foodbank - 2020				330,709
Keyham Community	Centre			15
Interest receivable			1,598	1,716
Legacy				79,845
Other			17,487	341
Rental Income			8,372	1,034
TOTAL INCOME				592, 95
EXPENDITURE
Stlpends and associated costs			72,784	70,825
Staff salaries			62,782	66,988
Staff expenses			1,433	2,386
District Assessment			25,254	26,408
Costs of running and	maintaining	properties
Utll6es			20,587	22,743
Repairs and maintenance			7,700	6,432
Telephone			1,249	2,712
Oasis Project costs			9,570	7,117
Foodbank costs			191,588	171,167
Management and administration
Minister Expenses			858	2,334
Insurance			5,530	6,536
Stationary, postage end photocopylng			6,041	3,484
Motor and travelling			2,672	1,348
Accountancy			3,612	3,588
Payments to external	organisations		360
Other costa
Training costs			1,151	1,208
Other dona6ons			7,360	390
Grant for white goods			23,013	360
Fuel Vouchers			3,830
Professional fees				199
TMCP Charges			898
Sundries			11,898	8,433
Deprechdon			5,239	5,234
TOTAL EXPENDITURE NET SURPLUS/(DEFICIT)			I~IP0 484 MB	~35 399890

			Circuit	Oasis	Foodbank	Keyham
Income			6	8	8	8
Circuit Assessments			115,000
Oasis Project			26,426
Grants				18,960	70,972
Donations				1,535	336,762
Plymouth Foodbank			37,020
Keyham Community	Centre
Interest receivable			395	328	875
Legacy
Other			2,275	15,212
Rental Income			8,372
TOTAL INCOSIE			189,488	36,035	408,609
EXPENDITURE
Stlpends and associated costs			72,784
Staff salaries			62,782	25,503	36,840
Stalf expense			357		1,077
District Assessment			25,254
Costs of running and	maintaining	properties
Utilities			5,098	2,940	12,080	469
Repairs and maintenance			1,230	1,660	5,913
Telephone			1,249
Oasis Project costs				9,570
Food bank costs					191,588
Management and administration
Minister Expenses			856
Insurance			5,530
Sts6onary, postage and photocopying			1,484	1,319	2,238
Motor and travelling					2,672
Accountancy			1,842	600	1,170
Payments to external	organisations				360
Other costs
Keyham expenses			1,151
Other donations			7,360
Grants for white goods					23,013
Fuel Vouchers					3,830
Professional fees
TMCP Charges			698
Sundries			1,048		10,650
Depredation			1,197	564	3,478
TOTAL EXPENDITURE			189 918	42,156	294,909	469
NET SURPLUS/(DEFICIT)		10B680	430	8,121	113700	489