2022-08-31-accounts - Plymouth Methodist Mission Circuit

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Trustees' Report (including reference and administrative	details)
Statement offinancial activities
Balance Sheet
Statement ofcash flows
Notes to the financial statements
Declaration
Independent examiner's report
The following pages do not form part ofthe financial	statements
Detailed statement offinancial activities

VJordan	Treasurer	Rev. G Higgs	Chairman
AJStephens		M D Haydon
I Hodgins		P Courtney
ADe Viell		E Norton
BWestlake	(Resigned 30/06/2022)	LStewart
N J Morris		C Paterson	(Resigned	24/01/2022)
M Coutts		C AJago	(Resigned	18/10/2021)
A Alexander		C Hodgins
H M Robins	(Resigned 30/06/2022)	D Baker	(Appointed	01/09/22)
J Morris		CGeorge	(Appointed	01/09/22)
H Mitchell		A Morris	(Appointed	01/09/22)
C Smith		EWarren	(Appointed	01/09/22)
J M Stephens		M Beswetherick	(Appointed	0'i/09/22)
P Horn		K Beswetherick	(Appointed	01/09/22)
G Rolfe		BGriffiths	(Appointed	01/09/22)
G H Horn		A Littler	(Appointed	01/09/22)
		Z Haydon	(Appointed	18/10/21)

Bankers;	Lloyds TSBBank	Pic
	8 Royal Parade
	Plymouth
	Pl 1 1HB
Solicitors	Gill Akaster
	25 Lockyer Street
	Plymouth
	PL1 2QW
Accountants	Prydis Accounts	Limited
	The Parade
	Liskeard
	Cornwall
	PL14 6AF

			Unrestricted	Restricted		Unrestricted	Restricted
		Note	funds	funds	Total 2022	funds	funds
			E	F		E	E
Income and Endowments
Donations, grants and legacies Assessments on Churches			75,400	336,607	336,607 75,400	115,000	428,229	428,229 115,000
Other charitable income Income from monetary investments Other			12,933 533 1,137	1,634 595	14,567 1,128 1,137	8,372 336 2,275	15,212 1,262	23,584 1,598 2,275
Total			90,003	338,836	428,839	125,983	444,703	570,686
Expenditure on charitable activities Grants and donations Salaries end associated costs		9 7	38,480	65,576	104,056	123 73,223	7,237 62,343	7,360 135,566
Property maintenance -menses Property maintenance -other District Assessment & Levy Depreciation		12	2,751 30,305 897	18,014 5,994	2,751 18,014 30,305 6,891	1,230 25,254 fl,197	6,470 4,042	1,230 6,470 25,254 5,239
Office & other expenses incl of distributed food	costs	8	8,264	203,348	211,612	5,795	247,055	252,850
Telephone &travel Insurance, utilities etc.			1,166 8,163	1,699 964	2,865 9,'i 27	1,249 10,628	2,672 15,489	3,921 26,117
Total			90,026	295,594	385,620	118,699	345,308	464,007
Net income/(expenditure)	for year		(22)	43,242	43,219		99,395	106,679
Transfers between funds						1,856	(1,856)
Net movement in funds			(22)	43,242	43,219	9,141	97,539	106,679
Reconciliation offunrls:
Total funds brought forward			145,766	967,188	1,112,953	136,625	869,649	1,006,274
Total funds carried forward			145,743	1,010,429	1,156,172	145,766	967,188	1,112,953

			Unrestricted	Restricted	Totals this	Totals last
			funds	Funds	year	year
		Notes	F	E
Fixed Assets
Tangible fixed assets		12	2,691	620,802	623,493	628,582
Total fixed assets			2,691	620,802	623,493	628,582
Current Assets
Stock		13		12,301	12,301	11,280
Debtors		14	5,237	5,036	10,273	10,327
Central Finance Board	Deposits	15	29,737		29,737	28,699
Cash at Bank and in hand		15	129,098	438,099	567,197	520,914
Total current assets			164,072	455,436	619,508	571,220
Current liabilities Creditors (due in under	1 year)	16	21,020)	65,800	(06,028	~06,849
Total current liabilities			(21,020)	(65,808)	(86,828)	(86,849)
Net current assets/tiabi!it!as			143,052	389,628	532,680	484,371
Net assets			14 748	1010490	1190173	1'12053
Funds ofthe Circuit
General Fund (Unrestricted)		17	145,743		145,743	145,766
Total Unrestricted Funds			145,743		145,743	145,766
Restricted Funds		18		1,010,429	1,010,429	967,188
Total Funds			140743	1010429	1180172	'1112003

							Totals this	Totals
							year	last year
							F	F
Cash from operating activities							47,992	149,047
Net cash used in operating activities
Cash flows from investing activities
Dividends, interest and rents from investments							1,128	1,598
Proceeds from the sale of property, plant Purchase of property, plant and equipment Net cash provided by investing activities		and	equipment			~(i,800 -672		i14,754) -13,156
Cash fiows from financing activities
New borrowing
Repayments of borrowing
Net cash used in financing activities
Change in cash and cash equivalents	in	the	reporting	period			47,329	135,891
Cash and cash equivalents at the beginning			ofthe reporting		period		549,613	413,722
Cash and cash equivalents at the end	of	the	repor6ng	period			596,933	549,613
Reconciliation of net income to net	cash flow from			operating		activities
Net income for the reporting period (as per statement				offinancial		activities)	43,219	106,679
Adjustments for:
Depreciation and amortisation charges							6,891	5,239
Profit on the sale offixed assets
Loss on the sale offixed assets
Gains on investments
Dividends, interest and rents from investments							(1,128)	(1,598)
Decrease/(increase) in stocks							(1,021)
(increase)/decrease in debtors							52
increase/(decrease) in creditors							(21)	(11,913)
Net cash used in operating activities							47,992	98,407
Analysis ofcash and cash equivalent
Central Finance Board Deposits							29,737	28,699
Cash at Bank and in hmtd							567,197	520,914
Total cash and cash equivalents							596,934	549„613
Reconciliation ofnet debt
		1stSept 2621			Cash-flow		31stAug 2022
Cash and cash equivalents			549,613			47,320	596,934
Debt under 1 year
Debt over 1 year
			549,613			47,320	596,934

2 Donations and	legacies
		2022			2021
	Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	TotalFunds
	Funds	Funds	2022	Funds	Funds	2021
	6	6	6	8	6
Donations		279,04'I	279,041		338,297	338,297
Grants Received		57,566	57,566		89,932	89,932
		336,607	336,607		428,229	428,229

			2022			2021
		Unrestricted	Restricted	Total Funds	Unrestricted	Restricted	Total Funds
		Funds	Funds	2022	Funds	Funds	2021
					6	6
Activities for
generating	funds	1,137		2,771		15,212	17,487
Fundraising	events
Rental income		12,933		12,933	8,372		8,372
		14,070	1,634	15,704	10,647	15,212	25,859

4 Investment inco	me
		2022				2021
	Unrestricted	Restricted	Total Funds	Unrestricted		Restricted	TotalFunds
	Funds	Funds	2022	Funds		Funds	2021
Interest received	6	6	F	F			F
Central Finance		56	56		57		57
Boald
Other Banks	533	539	1,072		338	1,203	1,541
	533	595	1„128		395	1,203	1,598

8Office and	other expenditur	e
				2022				2021
		Unrestricted		Restricted		Total Funds	Unrestricted	Restricted	Total Funds
		Funds		F nil	de	2022	Fuilds	Funds	2021
		S	K	S			S	S	8
Printing and Stationery				9,015		9,015	1,484	3,557	5,041
Professional fees
Accountancy fees		1,570			500	2,070	1,492	1,070	2,562
Independent examination fees			350		700	1,050	350	700	1,050
Staff expenses			667		443	1,110	357	1,077	1,434
TMCP Charges			259		340	599	161	537
Training
Sundry costs				25,788		31,206	1,951	15,943	17,894
Grants for white goods				12,076		12,076		23,013	23,013
Oasis Project	casts							9,570	g,b70
Focdbsnk provisions				154,486		154,486		191,588	191,588
Total		8,264		203	348	211612	5,795	247 055	252 850
9Grants and donations
				2022				2021
		Unrestricted		Restricted		Total Funds	Unrestricted	Restricted	Total Funds
		Funds		Funds		2022	Filnds	Funds	2021
Other donations
Other							7,360		7,360
Iotal							7,360
10Direct and support costs
				2022				2021
		Unrestricted		Restricted		Total Funds	Unrestricted	Restricted	Total Funds
		Funds		Funds		2022	Funds	Funds	2021
		8		8		S	8	6	8
Direct costs		79,943		284,415		364,358	104,744	324,492	429,236
Support costs:
Printing and	stationery			9,015		9,015	1,484	3,557	5,041
Insurance and utilities		8,163			964	9,127	10,628	15,4S9	26,117
				9,979		18,142	12,112	19,046	31,158
Governance	costs:
Accountancy	services by	1,570			500	2,070	1,492	1,070	2,562
Independent	examiner
Independent	examination		350		700	1,050	350	700	1,050
		1,920		1,200		3,120	1,842	1,770	3,612

		Menses	Other land	Other land	Other fixed	Other fixed	Total
			and	buildings		assets
				6
Cost or deemed	cost
As at Sep 2021		284,408		300,000		117,045	701,453
Additions this year						1,800	1,800
Less; Disposals	in the year
At 31 August 2022		284,408		300,000		118,845	703,253
Depreciation As at Sep 2021 Charge foryear						72,869 6,691	72,869 6,891
Eliminated on disposal
At 3'I August 2022						79,760	79,760
Net book value
At 31 Auqust 2022		284,408		300,000		39,085	623,493
At 31 August 2021		284,408		300,000		44,176	628,584
13Stock
The impairment	ofstocks recognised as an expense			in the year amounted		to ENII (2021 - RNII).
14Debtors
					2022		2021
							6
Other debtors					4,826		4,826
Prepayments Accrued income					5,447		4,325 1,176
Total

Fund						Balance at						Balance at
						31-Aug-21	Income	Expenditure		Transfers		31-Aug-22
						6	6		6		6	6
Property						584,408						584,408
Oasis Project 8 Plymouth			Foodbank			435,193	338,836		(295,254)			478,775
Circuit Model Trust		Fund				12,194			(340)			11,854
Amounts	due to PMCH					(64,608)						(64,608)
Total restricted						967,187	338,836		(295,594)		0	1,010,429
General	Fund					65,922	90,003		(90,026)		0	65,899
Designated -Oasis		Project				79,844						79,844
Total Funds						1,112,953	428,839		(385,620)			1,156,172
Transfers between		funds
Transfers	represent	recharges		for rent	and services	provided between	the separate	departments		ofthe Mission
Circuit.
						Balance at						Balance at
						31-Aug-20	Income	Expenditure			Transfers	31-Aug-21
						6	6		6			6
Property						584,408						584,408
Oasis Project						68,569	36,035		(42,156)		0	62,448
Plymouth	Foodbank					259,045	408,609		(294,909)		0	372,745
Keyham	Methodist	Community		Centre		2,325			(469)		(1,856)
Circuit Model Trust		Fund				19,910			(7,775)			12,194
Amounts	due to PMCH					(64,608)						(64,608)
Total restricted						869,649	444,703	-	345,309	-	1,856	967,187
General	Fund					56,780	125,983	-	118,697		1,856	65,922
Designated -Oasis		Project				79,845						79,845
Total Funds						1,006,274	570,686		(464,006)			1,112,953
20 Net assets by fund					2022						2021
			Unrestricted		Restricted	Totai		Unrestricted			Restricted	Total
			Fund		Fund	funds			Fund		Fund	funds
				6	6	6						6
				2,691	620,802	623,493			3,588		624,996	628,584
				164,072	455,436	619,508			'I63,219		407,999	571,218
				(21,020)	(65,808)	(86,828)			(21,041)		(65,808)	(86,849)
				145„743	1,010,430	1,156,173			145,766		967,187	1,112,953

Income
Circuit Assessments				75,400	115,000
Grants				57,566	89,932
Donations (inciuding	the notionai	vaiue	of donated food)	279,041	338,297
Interest receivable				1,128	1,598
Legacy Other				2,771	17,487
Rental income				12,933	8,372
TOTAL INCOME				428,839	570,686
EXPENDITURE
Stipends and associated costs				38,480	72,784
Staff salaries				65,576	62,782
Staff expenses District Assessment				1,110 30,305	1,433 25,254
Costs of running and	maintaining	properties
U tllltles				4,025	20,587
Repairs and maintenance				20,765	7,700
Telephone				1,166	1,249
Oasis Project costs Foodbank costs				154,486	9,570 191,588
Minister Expenses Insurance				2,325 5,102	856 5,530
Stationary, postage and photocopying				9,015	5,041
Motor and travelling				1,699	2,672
Accountancy				3,120	3,612
Payments to external	organisations			360	360
Other costs
Keyham expenses				1,446	1,151
Other donations					7,360
Grant for white goods				12,076	23,013
Fuel Vouchers				11,790	3,830
Professional fees
TMCP Charges and District Advance			Fund	599	698
Sundries				15,284	11,698
Depreciation				6,891	5,239
TOTAL EXPENDITURE				385,620	464,006
NET SURPLUS/(DEFICIT)				43,220	106,680

					Oasis 8
				Circuit	Foodbank
income				E	E
Circuit Assessments				75,400
Grants					57,566
Donations (including	the notional	value	ofdonated food)		279,041
Interest receivable					539
Legacy
Other				1,137	1,634
Rental income				12,933
TOTAL INCOME				90,059	338,780
EXPENDITURE
Stipends and associated costs				38,480
Staff salaries					65,576
Staff expense				667	443
District Assessment				30,305
Costs of running and	maintaining	properties
Utilities				3,061	964
Repairs and maintenance				2,751	18,014
Telephone				1,166
Oasis Project costs
Foodbank provisions					154,486
Minister Expenses				2,325
Insurance				5,102
Stationary, postage and photocopying					9,015
Motor and travelling					1,699
Accountancy				1,920	1,200
Payments to external	organisations				360
Other costs
Keyham expenses				1,446
Other donations
Grants for white goods					12,076
Fuel Vouchers					11,790
Professions! fees
TMCP Charges and District Advance			Fund	599
Sundries				1,647	13,637
Depreciation				897	5,994
TOTAL EXPENDITURE				90,366
NET SURPLUS/(DEFICIT)			43,220	306	43,526