##
##
||||Page||
|---|---|---|---|---|
|Report of the Trustees|||to|9|
|Report of the Independent
Auditors||10|to|11|
|Statement
of Financial Activities||12|to|13|
|Balance Sheet||14|to|15|
|Cash Flow Statement||16|||
|Notes to the Financial Statements||t7|to|26|
|Detailed Statement
of Financial|Activities|27|to|28|
##
##
##
##
|OBJECTIVES AND ACTIVITIES|OBJECTIVES AND ACTIVITIES|||||||||
|---|---|---|---|---|---|---|---|---|---|
|Objectives
and alms||||||||||
|The purposes
ofthe Methodist
Church are and shall bedeemed to have been since the||date|of union the advancement
of:|||||||
||The Christian
faith in accordance
with the doctrinal
standards
and the discipline|ofthe Methodist||Church||||||
||Any charitable
purpose forthe time being of any Connexional,
District, Circuit,|local|orother organisation|||ofthe|Methodist|||
||Church|||||||||
||Any charitable
purpose for the time being of any society or institution
or subsidiary||or ancillary|tothe|Methodist||Church;|||
||Any purpose for the time being of any charity being a charity subsidiary
or ancillary||to the Methodist||Church.|||||
|In setting|our objectives and planning
our activities the Circuit has given careful consideration||tothe Charity Commission's|||||general||
|guidance|on public benefit and in particular to its supplementary
public benefit guidance
on advancing|||our|objectives||as|set|out|
|above.||||||||||
|The calling ofthe Methodist
Church
isto respond to the Gospel of God's love in Christ and to live out its||||discipleship||in worship|||and|
|mission.|We will use the Circuit's resources to:|||||||||
||Increase awareness
ofGod's presence and celebrate God's love;|||||||||
||Help people to grow and learn as Christians
through
mutual
support and care;|Bea|good neighbour||to people
in need and|||||
||challenge
injustice;|||||||||
||Make more foffowers ofChrist.|||||||||
|In aff ofthe above we will seek towork ecumenically
wherever
possible. We will follow the Holy Spirit who is calling||||||us to:||||
||LOVE God with aff our heart, soul, mind, and strength;|||||||||
||LOVE one another, asJesus loved his followers,
; LOVE aff others, even enemies, as God does and;|||||||||
||be DISCIPLES OFJESUS,becoming
like Christ. behaving
like Christ, bringing|others to meet||and follow||Christ|working|||
||for GOD'S KINGDOM that God's will be done in the Church,
and on earth for|all, as it is in heaven.||||||||
|We seek|to put our Mission Statement
into action
in the following
ways:|||||||||
||Resourcing
worship
in each church, as required,
week by week and also by worshipping
together as awhole Circuit to|||||||||
||celebrate particular
special occasions within the Circuit;|||||||||
||Exercising
ministry
ecumenically
with a number
of ministerial
colleagues
from|other denominations|||with whom||we|are|in|
||partnership
to varying degrees;|||||||||
||Involving
Supernumerary
(retiredI ministers
in leading worship and other aspects ofCircuit life|||as far as they wish||||and|as|
||their circumstances
permit;|||||||||
||Continuing
partnerships
with Methodist
charities and other agencies and charities;||Supporting|chaplaincy||within|the MHA|||
||Care Homes within the Circuit;|||||||||
||Providing
regular cornrnun
ication ofuseful information
and links on relevant issues:|||||||||
||Providing
practical and prayer support tochurches to enable them toresource|their|local mission.|||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Trustees|Trustees|Trustees|Trustees||||
|---|---|---|---|---|---|---|
|The Circuit Meeting comprises the following||||trustees|and non-voting|members.|
|Circuit Ministers|||||||
|Rev Michael Giles - Superintendent|||Minister|and chair of Circuit meetings|||
|Rev Lorna Valentine|||||||
|Rev Silas Wood (Deputy Superintendent|||||||
|Rev Chris Sandy (from 01/09/2021)|||||||
|Rev Leslie Noon (from 01/09/2022)|||||||
|Circuit Stewards|||||||
|Michael
Carr|||||||
|Nicholas Guy|||||||
|Jane McVey|||||||
|Alan Davis to 31/01/2024)|||||||
|Philip Timms|||||||
|Christina
Sawkins (nee Costin Webb)|||||||
|Circuit Finance
Steward|||||||
|Alan Davis (from 01/09/2022-||11/06/2023)|||||
|Michael Carr (from 12/06/2023)|||||||
|Circuit Property
Steward|||||||
|Richard Ward (non voting member)|||||||
|Circuit Safeguarding
Officer|||||||
|Stephanie
Field|||||||
|Circuit Meeting
Secretary|||||||
|Mary Millar to (11/06/2023)|||||||
|Replaced
by Anne Cooper|as Circuit||Meeting|Minute|Taker.||
|Local Preacher
Meeting|Secretary||||||
|Janet Watts|||||||
|Supernumerary
Ministers|||||||
|Rev Casa Howes|||||||
|Rsv Julie Bradshaw|||||||
|Methodist Ministers resident||in Circuit District|||||
|Synod Representatives|(DSR)||||||
|Maryan Pateman|||||||
|to 14/02/2024|||||||
|Jenny Snelson|||||||
|Roz Addington|||||||
|John Caves (to31/08/2023)|||||||
|Margaret Byass from|||||||
|01/09/2023|||||||
|Church Representagives|||||||
|Ampthflb'
to 31/trd/2023|||||||
|Brian Kerr (to 14/03/2022|to||||||
|31/08/2023)|||||||
|Patsy Aston (to 31/08/2023)|||||||
|Ann Jones (from 14/03/2022 to|||||||
|31/08/2023)|||||||
|Debbie Bushman
(from 08/03/2021|||to 31/08/2023||||
||||||REPORT OFTHE TRUSTEES|REPORT OFTHE TRUSTEES|
|---|---|---|---|---|---|---|
|||||FOR|THE YEAR ENDING|31AUGUST 2023|
|Beeston|||||||
|Sonia Butler|||||||
|Jennifer Sutdiffe|||||||
|Cynthia Dent (to31/10/2023)|||||||
|Mary Migar (from 01/11/2023)|||||||
|Ciaphem|||||||
|Rosemary Isaacs|||||||
|Helen Gadsden|||||||
|Carolyn Maynard|||||||
|Clophig to 31/Dgr2023|||||||
|Anne Cooper (to31/08/2023)|||||||
|John Errick (to 31/08/2023)|||||||
|Fraser Wood (to31/08/2323)|||||||
|Flltwick to3f/SV2023|||||||
|Angela Brydon (to|31/08/2023)||||||
|Margaret
Olney (from 01/11/2022 to|||31/08/2023)||||
|Anne Foley (from|15/02/2023 to 31/08/2023)||||||
|Qreenssnd
Community||hfethodlst|Church|(Amptrff/Cfophill/Ritwickj||from 01/00/23|
|Patsy Aston|||||||
|Margaret Byass|||||||
|Mervyn Barden|||||||
|Glennis Barden|||||||
|Margaret Braybrook|||||||
|Hen/ow|||||||
|Susan Watson|||||||
|Brenda Ballantine|||||||
|Pat Larman
(to09/03/2023)|||||||
|Howard
Memorial|Church (Conflngton)||||||
|Ruth Caves|||||||
|Ken Oliver|||||||
|Kempeton
Eeet|||||||
|Roger Skipper|||||||
|Rosemary Simms|||||||
|Barbara Tipping|||||||
|Julia Constant|||||||
|Kempeton
West|||||||
|Peter Smith|||||||
|Lynda Smith|||||||
|Jean Preayman|||||||
|Langiord|||||||
|Jenny Broadbridge|||||||
|Gwen Arnott|||||||
|Stephanie
Barker|||||||
|Lldllngton
LEP|||||||
|Tim Mason|||||||
|Joseph Peaff to|||||||
|31/08/2023|||||||
|Jeff Bulled (from August||2023)|||||
|London Road|||||||
|Andrew Constant|||||||
|John Caves (DSR|to31/08/2023||||||
|Courtney
Aims|||||||
||||||Page 7||
||||||REPORT OFTHETRUSTEES|
|---|---|---|---|---|---|
||||||FOR THE YEAR ENDING 31AUGUST 2023|
|Ezekiel Kumar|—|non voting member||from|01/09/2023|
|Oakley||||||
|Jeanette Letch||||||
|Graham
Follelt||||||
|Noel Evans (to|01/04/2023)|||||
|Olive Kirkrnan|(to 01/02/2024)|||||
|Ruth Johnson|(to 31/05/2022)|||||
|Paul Lowe (to 31/08/2023)||||||
|Janice Skerman||(from 25/10/2022)||||
|Carman Rowe||||||
|Keith Gaunt||||||
|Liz LiNe (to 21/02/2023)||||||
|Lynne Gound
(to||29/02/2024)||||
|Pufnoe Heights||||||
|Jenny Snelson||||||
|Sue Allen||||||
|Andrew
Dennison||||||
|Sandy||||||
|David Germany||||||
|Andrea Thorpe|(to 08/02/2023)|||||
|Jenny Endersby||(from 08/02/2023)||||
|Jane Germany||||||
|Shembrook||||||
|Mike
Bonney||||||
|David Barnes||||||
|Marian
Blyth||||||
|Mairi Perks||||||
|Andi Pepper||||||
|Derek Willows (to 31/05/2022)||||||
|Joe Pepper from||07/07/2022||||
|Stewertby||||||
|Elaine Sullivan|-|Non voting member||||
|Trinity (S/gg/eswsde)||||||
|Owen Williams||||||
|David Harrison||||||
|Heather Harrison||||||
|Upper Ca/decote||||||
|Kirn Curtis||||||
|Jon Payne||||||
|Sandra Payne|(frcm 1 September||21)|||
|Writing ton||||||
|Keith Lilley||||||
|Paul Phipp||||||
|Jeanette Pearce||||||
|Iyootton||||||
|Thea Lea (to 22nd April 2023)||||||
|Brian Addington||(frcm 1August 22)||||
|Roz Addington||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted||Restricted|
|---|---|---|---|---|---|---|
||||Notes|fundsf|CMTF
F|funds
6|
|INCOME
AND ENDOWMENTS||FROM|||||
|Charitable
activities|||||||
|Work ofthe Circuit||||325,821|||
|Other trading
activities||||43,330|||
|Investment
income||||10,166|13,648||
|Other income||||130,779|756,269|71|
|Total||||510,096|769,917|71|
|EXPENDITURE ON|||||||
|Raising funds||||22,636|||
|Charitable
activities|||||||
|Work ofthe Circuit||||406,988|274,531|200|
|Total||||429,624|274,531|200|
|Net gains/(losses)|on investments|||29,352|(661)||
|NET INCOME/(EXPENDITURE)||||109,824|494,725|(129)|
|Transfers
between|funds||18|106,828|(106,828)||
|Net movement
in|funds|||216,652|387,897|(129)|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought|forward||12|3,698,614|365,701|1,221|
|TOTAL FUNDS CARRIED FORWARD||||3,915,266|753,598|1,092|
##
##
|||||||31.08.23|31.08.22|
|---|---|---|---|---|---|---|---|
||||||Endowment|Total|Total|
||||||funds|funds|funds|
|||||Notes|5|8||
|INCOME
AND ENDOWMENTS|||FROM|||||
|Charitable
activities||||||||
|Wed' ofthe Circuit||||||326,821|345,465|
|Other trading
activities||||||43,330|33,019|
|Investment
income||||||23,814|3,845|
|Other income||||||887,119|586,724|
|Total||||||1,280,084|969,053|
|EXPENDITURE ON||||||||
|Raising funds||||||22,636|8,214|
|Charitable
activities||||||||
|Work ofthe Circuit||||||681,719|376,915|
|Total||||||704,355|385,129|
|Net gains/(losses)|on investments||||f612)|28,079|568,563|
|NET INCOME/(EXPENDITURE)|||||(512)|603,808|1,152,487|
|Transfem
between||funds||18||||
|Net movement
In|funds||||(612)|603,808|1,152,487|
|RECONCILIATION||OF FUNDS||||||
|Total funds brought||forward||12|14,409|4,079,945|2,927,458|
|TOTAL FUNDS CARRIED FORWARD|||||13,797|4,683,763|4,079,945|
##
##
|||Unrestricted||Restricted|
|---|---|---|---|---|
|||funds|CIVITF|funds|
||Notes|6|6|6|
|FIXEDASSETS|||||
|Tangible assets|13|2,183,741|||
|Investments|||||
|Investmenh|14|133,100|14,908||
|Investments
property|15|1,429,400|||
|Total||3,746,241|14,908||
|CURRENT ASSETS|||||
|Debtors|16|20,435|6,666||
|Cash at bank||248,758|732,200|1,092|
|Total||269,193|738,866|1,092|
|CREDITORS|||||
|Amounts
falling due within one year||(I00,168)|(176)||
|NET CURRENT ASSETS||169,025|738,690|1,092|
|TOTAL ASSETS LESSCURRENT LIABILITIES||3,915,266|753,598|1,092|
|NET ASSETS||3,915,266|753,598|1,092|
##
##
||||31.08.23|31.08.22|
|---|---|---|---|---|
|||Endowment|Total|Total|
|||funds|funds|funds|
||Notes|f|5|6|
|FIXEDASSETS|||||
|Tangible assets|13||2,183,741|2,183,213|
|Investments|||||
|Investments|14|13,797|161,805|32,133|
|Investments
property|15||1,42$i400|1,400,000|
|Total||13,797|3)774y946|3515346|
|CURRENT ASSETS|||||
|Debtors|16||27,101|41,322|
|Cash st bank|||982,050|514,893|
|Total|||1,00$,151|556,215|
|CREDITORS|||||
|Amounts
falling due within one year|17||(100,344)|(91,515)|
|NET CURRENT ASSETS|||908,807|464,599|
|TOTAL ASSETS LESSCURRENT LIABILITIES||13,797|4,683,763|4,079,945|
|NET ASSETS||13,797|4,883,753|4,079,945|
|FUNDS|||||
|Unrestricted
funds|13||4,668,864|4,064,315|
|Restricted funds|||1,092|1,221|
|Endowment
funds|14||13,797|14,409|
|NET ASSETS|||4,683,753|4,079,945|
##
##
|||||31.08.23|31.08.22|
|---|---|---|---|---|---|
||||Notes||2|
|Cash flows from operating|activities|||||
|Cash generated
from operations|||21|(314,966)|(11,008)|
|Total||||(314,868)|(11,008)|
|Cash flows from investing|activMes|||||
|Purchase oftangible
fixed assets||||(782)|(525,442)|
|Sale oftangible
fixed assets||||766,268|1,078,771|
|Interest received||||22,886|3,442|
|Net cash provided
by/(used|in) investing|activities||778,373|555,771|
|Cash flows from financing|activities|||||
|Repayment
of loans made to
Repayment
of loans received||||4,750
(1,000)|3,500
(240,000)|
|Total||||3,760|(236,500)|
|Change
in cash and cash|equivalents|in||||
|the reporting
period||||467,167|309,263|
|Cash and cash equivalents|atthe|||||
|beginning
ofthe reporting|period|||614,863|205,630|
|Cash and cash equivalents
repodlilg
period|atthe end|ofthe||982,050|514,893|
##
##
##
##
##
##
##
##
##
|3.|INVESTMENT INCOME||||||
|---|---|---|---|---|---|---|
||||||31.0823|31.08.22|
|||||||f|
||Dividend
income||||918|403|
||Deposit account interest||||22,896|3,442|
||||||23,814|3,845|
|4.|OTHER INCOME||||||
||||||31.08.23|31.08.22|
||||||8|5|
||Sale ofchurches||||768,289||
||Gain on sale ofmenses|||||566,724|
||Funds from closed churches||||129,472||
||Gifts and donations||||1,378||
||||||887,119|566,724|
|5.|INCOME FROM CHARITABLE ACTIVITIES||||||
||||||31.08.23|31.08.22|
|||Activity|||8||
||Circuit share offers|Work|ofthe Circuit||326,821|345,465|
|8.|RAISING FUNDS||||||
||Other trading
activities||||31.08.23|31.08.22|
||||||8||
||Costs associated
with letting out the|menses|||22,838|8,214|
|7.|CHARITABLE ACTIVITIES COSTS|||Grant funding|Support||
||||Direct|ofactivities|costs||
||||Costs|||Total|
|||||||2|
||Work ofthe Circuit||871,919||9,800|681,719|
|8.|SUPPORT COSTS|||||Governance|
|||||||costs|
|||||||6|
||Work ofthe Circuit|||||9,800|
##
##
##
||||||31.08.23|31.06.22|
|---|---|---|---|---|---|---|
||||||6|F|
|Fees payable|to the charity's||auditors for the audit ofthe charity's|financial|||
|statements|||||9,800|6,000|
|Independent|Examiner's|fise||||(330)|
##
##
##
##
|Ministers||
|---|---|
|Administrative|support|
##
##
|12.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL|FOR THE STATEMENT OF FINANCIAL|FOR THE STATEMENT OF FINANCIAL|FOR THE STATEMENT OF FINANCIAL|ACTIVITIES||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Restricted|Endowment|Total|
||||||funds|CMTF|funds|funds|funds|
||||||8||6||8|
||INCOME
AND ENDOWMENTS|||FROM||||||
||Charitable
activities|||||||||
||Work ofthe Circuit||||345,465||||345,465|
||Other trading activides||||33,019||||33,019|
||Investment
income||||692|3,153|||3,845|
||Other income||||586,724||||586,724|
||Total||||965,900|3,153|||969,053|
||EXPENDITURE ON|||||||||
||Raising funds||||8,214||||8,214|
||Charitable
activities|||||||||
||Work ofthe Circuit||||375,699|1,116|100||376,915|
||Total||||383,913|1,116|100||385,129|
||Net gains/(losses)|on investments|||570,573|(1,044)||(966)|568,563|
||NET INCOME/(EXPENDITURE)||||1,152,560|993|(100)|(966)|1,152,487|
||Transfers
between||funds||(553,379)|553,379||||
||Net movement
in funds||||599,181|554,372|(100)|(966)|1,152,487|
||RECONCILIATION||OF FUNDS|||||||
||Total funds brought||forward||3,099,433|(188,671)|1,321|15,375|2,927,458|
||TOTAL FUNDS CARRIED FORWARD||||3,698,614|365,701|1,221|14,409|4,079,945|
|13.|TANGIBLE FIXEDASSETS|||||||Fixtures||
||||||||Freehold|and||
||||||||property
f|fittings
6|Totals
8|
||COSTS|||||||||
||At 1 September 2022||||||2,183,213|559|2,183,772|
||Additions|||||||792|792|
||Disposals||||||||0|
||Reclassification||||||||0|
||At 31August 2023||||||2,183,213|1,351|2,184,564|
||DEPRECIATION|||||||||
||At 1 September 2022|||||||559|559|
||Additions|||||||264|264|
||At 31 August 2023|||||||823|823|
||NET BOOKVALUE|||||||||
||At 31August 2023||||||2,183,213|528|2,183,741|
||At 31August 2022||||||2,183,213||2,183,213|
##
##
##
##
##
||FAIRVALUE|||||
|---|---|---|---|---|---|
||At 1 September 2022||||1,400,000|
||Revaluation||||29,400|
||Reclassification||||0|
||At 31August 2023||||1~29A00|
||NET BOOK VALUE|||||
||At 31August 2023||||1229000|
||At 31August 2022||||1,400,000|
||The Trustees for Methodist|Purposes act as Custodian Trustees holding||the title to the property.||
||The fair value has been estimated||by Richard Ward.|||
||Fair value at 31 August 2023 is represented
by:|||||
||Valuation
in 2021||||178,000|
||Valuation
in 2022||||570,652|
||Valuation
in 2023||||29,400|
||Cost||||651,348|
||At 31August 2023||||29900|
|18.|DEBTORS|||||
|||||31.08.23|31.08.22|
|||||5||
||Trade debtors|||5,160|1,439|
||Other debtom|||18,441|32,533|
|||||23,601|34,072|
||Amounts
falling due after|more than one year.||||
||Other debtom|||3,500|7,250|
||Aggregate
amounts|||27,101|41,322|
##
##
|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|CREDITORS: AMOUNTS|FALLING DUE|FALLING DUE|WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|
||||||||31.08.23|31.08.22|
||||||||6||
|Trade creditors|||||||6,296|2,644|
|Other creditors|||||||98,048|88,972|
||||||||100,344|91,616|
|MOVEMENT||IN FUNDS|||||||
|||||||Net|Transfers||
||||||At|movement|between|At|
||||||01.09.22|in funds|funds|31.08.23|
||||||E||6|6|
|Unrestricted||funds|||||||
|General
fund|||||3,675,776|109,824|106,828|3,892,428|
|Circuit Model||Trust Fund|||365,701|494,725|(106,828)|753,598|
|Manse repair||costs|||22,838|||22,838|
||||||4,064,315|604,549||4,668,864|
|Restricted funds|||||||||
|Circuit training||fund|||1,221|(129)||1,092|
|Endowment||funds|||||||
|Endowment|fund||||14,409|(612)||13,797|
|TOTAL FUNDS|||||4,079,945|603,808||4,683,753|
|Net movement||in funds, included||in the above are as follows:|||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|in funds|
|||||||6|6|8|
|Unrestricted||funds|||||||
|General fund|||||510,096|(429,624)|29,352|109,824|
|Circuit Model||Trust Fund|||769,917|(274,531)|(661)|494,725|
|Manse repair||costs||||||0|
||||||1,280,013|(704,155)|28,691|604,549|
|Restricted funds|||||||||
|Circuit training||fund|||71|(200)||(129)|
|Endowment||funds|||||||
|Endowmentfund|||||||(612)|(612)|
|TOTAL FUNDS|||||1,280,084|(704,355)|28,079|603,808|
##
##
##
|18.|MOVEMENT|IN FUNDS|- continued|- continued|- continued||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Comparatives|for movement||in funds||||Net|Transfers||
|||||||At||movement|between|At|
|||||||01.09.21||in funds|funds|31.08.22|
|||||||6||6|6|8|
||Unrestricted|funds|||||||||
||General
fund|||||3,071,433||1,157,722|(553,379)|3,675,776|
||Circuit Model|Trust Fund||||(188,671)||993|553,379|365,701|
||Manse repair|costs||||28,000||(5,162)||22,838|
|||||||2,910,762||1,153,553||4,064,315|
||Restrtctedfunds||||||||||
||Circuit training|fund||||1,321||(100)||1,221|
||Endowment|funds|||||||||
||Endowmentfund|||||15,375||(966)||14,409|
||TOTAL FUNDS|||||2,927,458||1,152,487||4,079,945|
||Net movement|in funds,|included||in the above are|as follows:|||||
|||||||Incoming||Resources|Gains and|Movement|
|||||||msourcas
E||expended
8|losses
f|in funds
6|
||Unrestricted|funds|||||||||
||General fund|||||965,900||(378,751)|570,573|1,157,722|
||Circuit Model|Trust Fund||||3,153||(1,116)|(1,044)|993|
||Manse repair|costs||||||(5,162)||-5,162|
|||||||969,053||(385,029)|569,529|1,153,553|
||Resbicted funds||||||||||
||Circuit training|fund||||||(100)||(100)|
||Endowment|funds|||||||||
||Endowmentfund||||||||(966)|(966)|
||TOTAL FUNDS|||||969,053||(385,129)|568,563|1,152,487|
||A current year 12months||and prior year 12months|||combined|position|isas follows:|||
|||||||||Net|Transfers||
|||||||||movement|between|At|
|||||||||in funds|funds|31.08.23|
|||||||||6|6|8|
||Unrestricted|funds|||||||||
||General
fund|||||3,071,433||1,267,546|(553,379)|3,785,600|
||Circuit Model|Trust Fund||||(188,671)||495,718|553,379|860,426|
||Manse repair|costs||||28,000||(5,162)||22,838|
|||||||2,910,762||1,758,102||4,668,864|
||Restricted funds||||||||||
||Circuit training|fund||||1321||(229)||1,092|
||Endowmentfunds||||||||||
||Endowmentfund|||||15375||(1,578)||13,797|
||TOTAL FUNDS|||||2,927,458||1,756,295||4,683,753|
##
##
##
##
##
##
##
##
##
##
|RECONCIALIATION|OF NET|OF NET|OF NET|INCOME TO NET CASH FLOW FROM OPERATING|ACTIVITIES||
|---|---|---|---|---|---|---|
||||||31.08.23|31.08.22|
||||||5|5|
|Net income forthe|reporting|||period (as per the Statement ofFinancial|||
|Activiites)|||||603,808|1,152,487|
|Adjustments
for:|||||||
|Gain on investments|||||(28,079)|(558,564)|
|Prcfit on disposal of|fixed assets||||(756,269)|(578,541)|
|Interest received|||||(22,896)|(3,442)|
|Closed church investment|||with|TMCP|(130,945)|(2,234)|
|(Increaseydecrease|in|debtors|||10,471|(14,857)|
|Increaser(decrease)|in|creditons|||8,944|4,142|
|Net cash used in operations|||||(314,966)|(11,008)|
|ANALYSIS OF CHANGES|||IN|NET (DEBT)/FUNDS|||
|||||At 01.09.22|Cash flow|At31.08.23|
|||||5|5|5|
|Net cash|||||||
|Cash at bank||||514,893|467,157|982,050|
|||||514,893|467,157|982,050|
|Debt|||||||
|Debts falling due within||1 year|||||
|Total||||514,893|467,167|982,050|
##
||||31.08.23|31.08.22|
|---|---|---|---|---|
||||f|F|
|INCOME AND ENDOWMENTS|||||
|Other trading activities|||||
|Income from photocopying|||130|77|
|Rental from manse not required||in the short term|43,200|32,942|
||||43,330|33,019|
|Investment
income|||||
|Dividend
income|||918|403|
|Deposit account interest|||22,896|3,442|
||||23,814|3,845|
|Charitable
activities|||||
|Circuit share offers|||326,821|345,455|
|Other income|||||
|Gains on sale oftangible fixed assets|||756,269|578,541|
|Funds on closure ofchurches|||129,472|7,783|
|Donations|||1,137|0|
|Sundry income|||241|400|
||||887,119|585,724|
|Total incoming resources|||1,280,084|959,052|
|EXPENDITURE|||||
|Other trading activities|||||
|Costs associated
with letting out||the manse|22,636|8,214|
|Charitable
activities|||||
|Wages|||182,894|155,111|
|Social security|||16,561|14,779|
|Pensions|||38,819|36,609|
|Rates and water|||18,971|16,403|
|Insurance|||13,809|7,740|
|Light and heat|||l63l|(2,572)|
|Telephone|||3,896|4,051|
|Sundries|||2,274|558|
|District Assessment|||16,016|17,193|
|Methodist
Church
Fund|||63,720|57,632|
|Manse repairs|||10/55|17,455|
|Travel|||8,341|7,553|
|Circuit administration|||6,963|5,747|
|Quinquennial
costs|||6,150|3,450|
|Local preacher
and supernumery||fees|1,530|1,594|
|Ministerialadministration|costs||3,325|1,593|
|Stationing - inc removalcosts|||0|4,379|
|Training|||211|370|
|Finance charges|||1,660|257|
|Carried forward|||396,432|370,243|
##
##
|||||31.08.23|31.08.22|
|---|---|---|---|---|---|
|||||6||
|Charitable
activities||||||
|Brought forward||||395,432|370,243|
|District levy||||273,217|1,002|
|Licences and subscriptions||||||
|Legal &professional||||3,270||
|Grants to institions||||||
|Grants to individuals||||||
|||||671,919|371,245|
|Support costs||||||
|Governance costs||||||
|Auditors'
remuneration||||9,800|6,000|
|Independent
Examiner's|||fee||(330)|
|||||9,800|5,670|
|Totalresources
expended||||704,355|385,129|
|Net income/(expenditure)|||before gains and losses|676,729|563,923|
|Realised recognised|gains||and losses|||
|Realised gains/(losses)||on|fixed asset investments|28&079|568,563|
|Net income||||60S,808|1,152,486|