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|||||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|
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|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)|
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||||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|
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|||||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|
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||||||||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||
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|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|
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||||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|
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||||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|
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|||||||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|
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|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|
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|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|
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|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|
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|||||||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|
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|||||||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|