| Page | ||||
|---|---|---|---|---|
| Trustees' Report (including reference and administrative |
details) | f -5 | ||
| Statement of financial |
activities | |||
| Balance Sheet | ||||
| Statement ofcash flows |
||||
| Notes to the financial | statements | 9- 17 | ||
| Declaration | ||||
| Independent examiner's report |
19 | |||
| The following pages | do not form part ofthe financial | statements | ||
| Detailed statement of |
financial | activities | 20 —21 |
| V Jordan | Treasurer | Rev. G Higgs | Chairman | ||
|---|---|---|---|---|---|
| AJ Stephens | M D Haydon | (Resigned | 2/7/2023) | ||
| I Hodgins | P Courtney | ||||
| A De Viell | (Resigned | 2/7/2023) | E Norton | (Resigned | 1/3/23) |
| Z Haydon | L Stewart | ||||
| N J Morris | C Hodgins | ||||
| M Coutts | D Baker | ||||
| A Alexander | (Resigned | 2/7/2023) | C George | (Resigned | 2/7/2023) |
| A Littler | A Morris | ||||
| J Morris | EWarren | ||||
| H Mitchell | M Beswetherick | ||||
| C Smith | K Beswetherick | ||||
| J M Stephens | BGriffiths | ||||
| P Horn | ECouch | (Appointed | 2/7/2023) | ||
| G Rolfe | H Robins | (Appointed | 2/7/2023) | ||
| G H Horn | (Resigned | 2/7/2023) | I Oboh | (Appointed | 2/7/2023) |
| C Sado | (Appointed | 2/7/2023) |
| Unrestricted | Restricted | Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|---|---|
| Note | funds | funds | Total 2023 | funds | funds | Total 2022 | ||
| E | E | E | ||||||
| Income and Endowments | ||||||||
| Donations, grants and legacies |
449,833 | 449,833 | 336,607 | 336,607 | ||||
| Assessments on Churches |
75,400 | 75,400 | 75,400 | 75,400 | ||||
| Other charitable income |
17,513 | 1,080 | 18,593 | 12,933 | 1,634 | 14,567 | ||
| income from monetary investments |
4,139 | 643 | 4,782 | 533 | 595 | 1,128 | ||
| Other | 12,004 | 12,004 | 1,137 | 1,137 | ||||
| Total | 109,056 | 451,556 | 560,612 | 90,003 | 338,836 | 428,839 | ||
| Expenditure on charitable |
activities | |||||||
| Grants and donations | 9 | 12,236 | 12,236 | |||||
| Salaries and associated costs | 7 | 40,036 | 81,212 | 121,248 | 38,480 | 65,576 | 104,056 | |
| Property maintenance - menses |
827 | 827 | 2,751 | 2,751 | ||||
| Property maintenance - other |
16,708 | 16,708 | 18,014 | 18,014 | ||||
| District Assessment & Levy |
27,087 | 27,087 | 30,305 | 30,305 | ||||
| Depreciation | 12 | 673 | 4,728 | 5,401 | 897 | 5,994 | 6,891 | |
| Office &other expenses incl |
costs | |||||||
| of distributed food |
8 | 7,360 | 301,072 | 308,432 | 8,264 | 203,348 | 211,612 | |
| Telephone &travel |
2,081 | 4,818 | 6,899 | 1,166 | 1,699 | 2,865 | ||
| Insurance, utilities etc. |
8,144 | 856 | 9,000 | 8,163 | 964 | 9,127 | ||
| Total | 98,444 | 409,394 | 507,838 | 90,026 | 295,594 | 385,620 | ||
| Net income/(expenditure) | for year | 10,612 | 42,162 | 52,774 | (22) | 43,242 | 43,219 | |
| Transfers between funds |
19 | |||||||
| Net movement in funds |
10,612 | 42,162 | 52,774 | (22) | 43,242 | 43,219 | ||
| Reconciliation offunds: |
||||||||
| Total funds brought forward |
145,743 | 1,010,429 | 1,156,172 | 145,766 | 967,188 | 1,112,953 | ||
| Total funds carried forward | 156,355 | 1,052,591 | 1,208,946 | 145,743 | 1,010,429 | 1,156,172 |
| Unrestricted | Restricted | Totals this | Totals last | ||||
|---|---|---|---|---|---|---|---|
| funds | Funds | year | year | ||||
| Notes | |||||||
| Fixed Assets | |||||||
| Tangible fixed |
assets | 12 | 2,018 | 616,067 | 618,085 | 623,493 | |
| Total fixed assets | 2,018 | 616,067 | 618,085 | 623,493 | |||
| Current Assets | |||||||
| Stock | 13 | 13,612 | 13,612 | 12,301 | |||
| Debtors | 14 | 6,315 | 5,036 | 11,351 | 10,273 | ||
| Central Finance Board | Deposits | 15 | 43,530 | 43,530 | 29,737 | ||
| Cash at Bank | and in hand |
15 | 124,166 | 483,684 | 607,850 | 567,196 | |
| Total current | assets | 174,011 | 502,332 | 676,343 | 619,507 | ||
| Current liabilities Creditors (due in under |
1 year) | 16 | 19,674 | 65,808 | 05,482 | ~06,020 | |
| Total current | liabilities | (19,674) | (65,808) | (85,482) | (86,828) | ||
| Net current assets/liabilities | 154,337 | 436,524 | 590,861 | 532,679 | |||
| Net assets | 156355 | 1052591 | 1208940 | 1106172 | |||
| Funds ofthe | Circuit | ||||||
| General Fund |
(Unrestricted) | 17 | 156,355 | 156,355 | 145,743 | ||
| Total Unrestricted Funds |
156,355 | 156,355 | 145,743 | ||||
| Restricted Funds |
1,052,591 | 1,052,591 | 1,010,429 | ||||
| Total Funds | 156355 | 1 052 591 | 1 208 940 | 1 156172 |
| Totals this | Totals | |||||||
|---|---|---|---|---|---|---|---|---|
| year | last year | |||||||
| 6 | F | |||||||
| Cash from operating activities |
49,665 | 47,992 | ||||||
| Net cash used in operating activities |
49,665 | 47,992 | ||||||
| Cash flows from investing activities |
||||||||
| Dividends, interest and rents from investments |
4,782 | 1,128 | ||||||
| Proceeds from the sale of property, plant and Purchase of property, plant and equipment |
equipment | ~I,800) | ||||||
| Net cash provided by investing activities |
4,782 | 672 | ||||||
| Cash flows from financing activities |
||||||||
| New borrowing | ||||||||
| Repayments of borrowing |
||||||||
| Net cash used in financing activities |
||||||||
| Change in cash and cash equivalents |
in the | reporting | period | 54,447 | 47,320 | |||
| Cash and cash equivalents at the beginning |
of the reporting | period | 596,933 | 549,613 | ||||
| Cash and cash equivalents at the end |
of the | reporting | period | 651,380 | 596,933 | |||
| Reconciliation of net income to net |
cash | flow from | operating | activities | ||||
| Net income for the reporting period (as per |
statement | of financial | activities) | 52,774 | 43,219 | |||
| Adjustments for: |
||||||||
| Depreciation and amortisation charges |
5,408 | 6,891 | ||||||
| Profit on the sale of fixed assets | ||||||||
| Loss on the sale of fixed assets | ||||||||
| Gains on investments | ||||||||
| Dividends, interest and rents from investments |
(4,782) | (1,128) | ||||||
| Decrease/(increase) in stocks |
(1,311) | (1,021) | ||||||
| (increase)/decrease in debtors |
(1,078) | 52 | ||||||
| increase/(decrease) in creditors |
(1,346) | (21) | ||||||
| Net cash used in operating activities |
49,665 | 47,992 | ||||||
| Analysis of cash and cash equivalent | ||||||||
| Central Finance Board Deposits | 43,530 | 29,737 | ||||||
| Cash at Bank and in hand |
607,850 | 567,196 | ||||||
| Total cash and cash equivalents | 651,380 | 596,933 | ||||||
| Reconciliation of net debt |
||||||||
| 1stSept 2022 | Cash-flow | 31st Aug 2023 | ||||||
| Cash and cash equivalents | 596,933 | 54,447 | 651,380 | |||||
| Debt under 1 year |
||||||||
| Debt over 1 year | ||||||||
| 596,933 | 54,447 | 651,380 |
| 2 Donations and |
legacies | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Unrestricted | Restricted | Total Funds | Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | Funds | Funds | 2022 | |
| 2 | 2 | 2 | 2 | |||
| Donations | 369,978 | 369,978 | 279,041 | 279,041 | ||
| Grants Received | 79,855 | 79,855 | 57,566 | 57,566 | ||
| 449,833 | 449,833 | 336,607 | 336,607 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | Funds | Funds | 2022 | ||
| 2 | 6 | 2 | 2 | '2 | 2 | ||
| Activities for | |||||||
| generating | funds | 12,004 | 1,080 | 13,084 | 1,137 | 1,634 | 2,771 |
| Fundraising | events | ||||||
| Rental income | 17,513 | 17,513 | 12,933 | 12,933 | |||
| 29,517 | 1,080 | 30,597 | 14,070 | 1,634 | 15,704 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | Funds | Funds | 2022 | |||
| Interest | received | 2 | 2 | 2 | 2 | 2 | ||
| Central Board |
Finance | 1,308 | 1,308 | 109 | 109 | |||
| Other | Banks | 2,831 | 643 | 3,474 | 533 | 595 | 1,128 | |
| 4,139 | 643 | 4,782 | 642 | 595 | 1,237 |
| 2023 | 2022 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2023 | Funds | Funds | 2022 | ||||||
| 2 | 2 | 2 | 9 | 2 | 9 | 2 | |||||
| Printing and Stationery |
12,544 | 12,544 | 9,015 | 9,015 | |||||||
| Professional fees |
|||||||||||
| Accountancy | fees | 1,570 | 200 | 1,770 | 1,570 | 500 | 2,070 | ||||
| Independent examination fees |
350 | 700 | 1,050 | 350 | 700 | 1,050 | |||||
| Staff expenses | 769 | 1,315 | 2,084 | 667 | 443 | 1,110 | |||||
| TMCP Charges | 258 | 332 | 590 | 259 | 340 | 599 | |||||
| Training | |||||||||||
| Sundry costs | 4,413 | 24,629 | 29,042 | 5,418 | 25,788 | 31,206 | |||||
| Grants for white | goods | 4,386 | 4,386 | 12,076 | 12,076 | ||||||
| CAB (financial | inclusion | grants) | 21,768 | 21,768 | |||||||
| Foodbank provisions |
235,198 | 235,198 | 154 | 486 | 154486 | ||||||
| Total | 7,360 | 301 072 | 308432 | 8,264 | 203 | 348 | 211 612 | ||||
| 9Grants and | donations | ||||||||||
| 2023 | 2022 | ||||||||||
| Unrestricted | Restricted | Total Funds | Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2023 | Funds | Funds | 2022 | ||||||
| Other donations | |||||||||||
| Other | 12,236 | 12,236 | |||||||||
| Total | 12,236 | 12236 | |||||||||
| 10Direct and | support | costs | |||||||||
| 2023 | 2022 | ||||||||||
| Unrestricted | Restricted | Total Funds | Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2023 | Funds | Funds | 2022 | ||||||
| 2 | 9 | 9 | 2 | ||||||||
| Direct costs | 88,380 | 395,094 | 483,474 | 79,943 | 284,415 | 364,358 | |||||
| Support costs: | |||||||||||
| Printing and |
stationery | 12,544 | 12,544 | 9,015 | 9,015 | ||||||
| Insurance and utilities |
8,144 | 856 | 9,000 | 8,163 | 964 | 9,127 | |||||
| 8,144 | 13,400 | 21,544 | 8,163 | 9,979 | 18,142 | ||||||
| Governance | costs: | ||||||||||
| Accountancy | services | by | 1,570 | 200 | 1,770 | 1,570 | 500 | 2,070 | |||
| Independent | examiner | ||||||||||
| Independent | examination | 350 | 700 | 1,050 | 350 | 700 | 1,050 | ||||
| 1,920 | 900 | 2,820 | 1,920 | 1,200 | 3,120 |
| 16Credit | ors and accrue | d expens | es | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Creditors | 8 | 8 | ||||
| Deferred | circuit assessments | 17,500 | 18,850 | |||
| Donations | due to external | organisations | 250 | 250 | ||
| Amount due to Plymouth |
Methodist | Central | Hall | 64,608 | 64,608 | |
| Accru ale | 2,760 | 2,760 | ||||
| Other creditors | 360 | 360 | ||||
| Total | 85,478 | 86,828 |
| 2023 | 2022 | ||
|---|---|---|---|
| Deferred income brought forward |
18,850 | 18,850 | |
| Assessment income received in Deferred income carried forward |
the year | 74,050 ~77.500 |
75,400 ~778,850 |
| Assessment income recognised |
in the year | 75,400 | 75,400 |
| Fund | Balance at | Balance at | ||||||
|---|---|---|---|---|---|---|---|---|
| 31-Aug-22 | Income | Expenditure | Transfers | 31-Aug-23 | ||||
| 8 | 2 | 9 | 2 | |||||
| Property | 584,408 | 584,408 | ||||||
| Plymouth | Foodbank | 478,713 | 451,189 | (409,062) | 520,841 | |||
| Circuit Model Trust Fund | 11,916 | 367 | (332) | 11,951 | ||||
| Amounts | due to PMCH | (64,608) | (64,608) | |||||
| Total restricted | 1,010,429 | 451,556 | (409,394) | 0 | 1,052,591 | |||
| General | Fund | 65,899 | 109,056 | (98,444) | 0 | 76,511 | ||
| Designated - Plymouth |
Foodbank | 79,844 | 79,844 | |||||
| Total Funds | 1,156,172 | 560,612 | (507,838) | 1,208,946 |
| Fund | Balance at | Balance at | ||||||
|---|---|---|---|---|---|---|---|---|
| 31-Aug-21 | Income | Expenditure | Transfers | 31-Aug-22 | ||||
| 2 | 2 | 2 | 2 | |||||
| Property | 584,408 | 584,408 | ||||||
| Plymouth Foodbank |
435,193 | 338,774 | (295,254) | 478,713 | ||||
| Circuit Model Trust Fund | 12,194 | 62 | (340) | 11,916 | ||||
| Amounts due to PMCH |
(64,608) | (64,608) | ||||||
| Total restricted | 967,187 | 338,836 | - | 295,594 | 1,010,429 | |||
| General Fund |
65,922 | 90,003 | — | 90,026 | 65,899 | |||
| Designated - Plymouth |
Foodbank | 79,844 | 79,844 | |||||
| Total Funds | 1,112,953 | 428,839 | (385,620) | 1,156,172 | ||||
| 20 Net assets by fund | 2023 | 2022 | ||||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
| Fund | Fund | funds | Fund | Fund | funds | |||
| 2 | 2 | 2 | 8 | 2 | 2 | |||
| Tangible assets | 2,018 | 616,067 | 618,085 | 2,691 | 620,802 | 623,493 | ||
| Current assets | 174,011 | 502,332 | 676,343 | 164,072 | 455,435 | 619,507 | ||
| Creditors: ( 1 year | 19,674 | 65,808 | 85,482 | 21,020 | (65,808 | 86,828 | ||
| Net assets | 156,355 | 1,052,591 | 1,208,946 | 145,743 | 1,010,429 | 1,156,172 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Income | |||||||
| Circuit Assessments | 75,400 | 75,400 | |||||
| Grants | 79,855 | 57,566 | |||||
| Donations | 204,704 | 147,224 | |||||
| Notional value of donated food |
165,274 | 131,817 | |||||
| Interest receivable | 4,782 | 1,128 | |||||
| Legacy | |||||||
| Other | 13,084 | 2,771 | |||||
| Rental income | 17,513 | 12,933 | |||||
| TOTAL INCOME | 560,612 | 428,839 | |||||
| EXPENDITURE | |||||||
| Stipends and associated costs |
40,036 | 38,480 | |||||
| Staff salaries | 81,213 | 65,576 | |||||
| Staff expenses | 2,084 | 1,110 | |||||
| District Assessment | 27,087 | 30,305 | |||||
| Costs of running and |
maintaining | properties | |||||
| Utilities | 3,513 | 4,025 | |||||
| Repairs and maintenance | 17,535 | 20,765 | |||||
| Telephone | 667 | 1,166 | |||||
| Foodbank costs | 235,198 | 154,486 | |||||
| Minister Expenses | 403 | 2,325 | |||||
| Insurance | 5,487 | 5,102 | |||||
| Stationary, postage |
and | photocopying | 12,544 | 9,015 | |||
| Motor and travelling | 6,232 | 1,699 | |||||
| Accountancy | 2,820 | 3,120 | |||||
| Payments to external |
organisations | 360 | 360 | ||||
| Other costs | |||||||
| Keyham expenses | 3,788 | 1,446 | |||||
| Otherdonations | 12,236 | ||||||
| Grant for white | goods | 4,386 | 12,076 | ||||
| Fuel Vouchers | 15,750 | 11,790 | |||||
| Professional fees | |||||||
| CAB (financial | inclusion | grant) | 21,768 | ||||
| TMCP Charges | and District Advance | Fund | 590 | 599 | |||
| Sundries | 8,740 | 15,285 | |||||
| Depreciation | 5,401 | 6,891 | |||||
| TOTAL EXPENDITURE | 507,838 | 385,621 | |||||
| NET SURPLUS/(DEFICIT) | 52,774 | 43&219 |
| Foodbank | ||||||
|---|---|---|---|---|---|---|
| Circuit | Hub | |||||
| Income | 2 | 2 | ||||
| Circuit Assessments | 75,400 | |||||
| Grants | 79,855 | |||||
| Donations | 204,704 | |||||
| Notional value of donated food |
165,274 | |||||
| Interest receivable | 4,506 | 276 | ||||
| Legacy | ||||||
| Other | 12,004 | 1,080 | ||||
| Rentalincome | 17,513 | |||||
| TOTAL INCOME | 109,423 | 451,189 | ||||
| EXPENDITURE | ||||||
| Stipends and associated costs | 40,036 | |||||
| Staff salaries | 81,213 | |||||
| Staff expense | 769 | 1,315 | ||||
| District Assessment | 27,087 | |||||
| Costs of running and maintaining |
properties | |||||
| Utilities | 2,657 | 856 | ||||
| Repairs and maintenance | 827 | 16,708 | ||||
| Telephone | 667 | |||||
| Foodbank provisions |
235,198 | |||||
| Minister Expenses | 403 | |||||
| Insurance | 5,487 | |||||
| Stationary, postage and |
photocopying | 12,544 | ||||
| Motor and travelling | 1,414 | 4,818 | ||||
| Accountancy | 1,920 | 900 | ||||
| Payments to external organisations |
360 | |||||
| Other costs | ||||||
| Keyham expenses | 3,788 | |||||
| Other donations | 12,236 | |||||
| Grants for white | goods | 4,386 | ||||
| Fuel Vouchers | 15,750 | |||||
| Professional fees |
||||||
| CAB (financial inclusion |
grant) | 21,768 | ||||
| TMCP Charges | and District Advance | Fund | 590 | |||
| Sundries | 222 | 8,518 | ||||
| Depreciation | 673 | 4,728 | ||||
| TOTAL EXPENDITURE | 98,776 | 409,062 | ||||
| NET SURPLUS/(DEFICIT) | 52I774 | 10,647 | 42,127 |