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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||
##
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##
|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)|
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|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||
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||||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|
##
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||||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||
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|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|
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||||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|
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|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|
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|||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||||||||
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|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|
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|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|