Name of Church . MET*?&!I! ! Declarations and Scrutiny I confirm that these accruals-based accounts for the year to 31 August 2020 have been prepared from the records of the Church and that they include all funds under the control of the Church trustees. Signature of treasurer 7- 12- Lg21 Name and address of treasurer . ILL Post Code..S..1........... Presentation to the Church trustses I confim that the annual report an accounts for the year ended 31 August 2020 vl¥&lwill be" presented to the meeling of theEkn&'trustees held on .... Relevant professional qualification of independent examiner ECA Name of firm (where appropriate) Address 24q -E£k Date delete or circle as appropriate September 2020 North Staffs Circurt Circuit No 1122 statement of Financial Activities (SOFA) for the year ended 31 August 2021 pknte5 to the CireL4tModel Genewal Fund Conneuional Re5tiicted Endowment Funds Funts Fut)ds rotsl 2020-21 Income l Donat￿n5 and le9acies 2 lYKome trorn Thxttsry irnvestrrnts 3 trorn invÈstrt*nl pwn*s 4 Assessments cn Churches 5 Caprtal Re¢¥pts 6 Grants reGwv£d 7 OtlerchaitabÈ incame 8 Total income 176 8.758 188.068 8.S17 191761 9.370 206.372 8.758 Expenditure 9 Granis and donatic￿5 10 Saiang5 and 8s¥otiaiwJ Costs 11 Property maintenan 12 a85essment & rtM)dd tnffjt ￿¥y 13 0islrictAsse5STn8rt & LeLy 14 Depretigtion 15 exFen$e8 16 Other oulgiNngs 17 Total charitable expenditure 18 Gain51llDssesl on moretsry InvestNtnts 19 Gainslllos5851 on Inv85t[r￿ntpWb￿5 20 14et incomellexpenditurel 21 Tr?nsfers betW￿rn fut￿5 22 OIherga1n￿l￿5gts1 23 Net movement in fur 24 Tgttl fund5 brought forward 25 Tots11￿￿ds Earned foThva 1.0 153.664 1.853 159,866 32,503 6.202 14.288 35.072 46,2Q3 16.187 16,1ft7 530 257.142 11.661 2D,590 3.887 223.8B7 173.117 -20,590 36,380 17.$ 23.282 13.505 1.095.670 1.107.175 53.8eo 23,282 196.399 1.378.975 1,575.374 167.104 265,072 432.176 15.7 20.233 36,023 North Slaffs Circuit CirC￿lt No 1122 Balance Sheet as at 31 August 2021 GN General Fund lun￿￿triE1•11l cIr¢u￿ Model Tru•t& IUnre*trl¢iedl D9Bl9natod Fund Endowmènt Fundi Totsl Totsig 2018120 FU￿dI Accounts Flx•d A•*ots circ￿11 Mansès & EqU￿￿ent S1 954.805 954.805 931.523 roial fl¥6d?58•f5 954,808 954.805 931,623 8S2 10,606 10.6L* LoaTrs by th• Circuil InveslrnEnts with TMCP Central Finance BtsAid Depoillè C•$h ai Bank and In hA Tdial ctsir•nt4•*•rJ BSJ 8S4 432.170 432.17$ 139.081 51.562 634,325 265,072 140,2D8 $3,493 471,911 58.025 B$6 51.S82 4J2,176 38,023 BS6 1J,T5fj 22.481 2,000 24,461 447,452 A¢¢tyAia BS8 Tot•1 ¢wr•n¢ li•hlllllg 15,756 820.669 Not rurr•nl **s•tsAi•bllltle& 152,37Q 432,176 J1.02J 4J2,176 31,023 1.$7$.374 1,378,976 duo aft•r more than one Gr4fi11 p8 •b18 Alitr 2018-19 e•r N¢t •Ésets 1,107,170 432.176 36,02J 1,STS,374 1.378,975 Funds of th• Clrcult 1,093.670 265.072 4J2,176 432.176 09s1gnatqd Fund5 IUnre6trl¢tedl rtri¥i uni•srilctedFunds 1.S39.351 36 023 1,3S8,742 20,23J J6,02J Endtswmeni Fund¥ Total Funds 1.107.175 432.176 36,023 1,$75.374 1,378,975 Signed Circurt Treasurer North affordshire Circuit li 22 Notes to the Accounts l Basis of Accountlng The financial staternent5 have been prepared in accordance wilh Accountitkg and Reporting by Charities". Sr3tomÉnt of Recornmended Przctice ISORPI applicable to ch3rit*s preparing their accounts in accordance with FR5102- the Charities SORP IFR51021 and takine note of the Update Bulletin I tssued in 2016. 2 Funds The lund5 held con5tituie: General Funds held for any purpose of the Clrcuit whkh a￿ Un￿stritted. The Circuit Model Trust Fund has wide purposes defined in Standing Orders and is categorised as ullre5tricted. Restricted funds which a￿ held ftsra narrower purpose. There a￿ no Endowment funds. 3 Accounting Policies Basis These atcounts have been p￿pared on the basis of historical costexcept that investments a￿ shown at their market value at the end of the year. on the accruals basis to show a inje and fairwiew of the Circuit'5 finatKial position and Incorning Resovrce5 Income is included in ihe Statement of Flnancial Attivtties ISOFAI when the Circutt becomes ent￿led to the resources, and the trustees are reasonab5y certain theywill receive the re50UTces; the monetary value can be measured with suFficient reliabiltty. ResourtÈs EX￿nded This is recogni5ed when a liability is incurred, or a consrruciive obligation arisos. Ihat rosults in the payment being unavoidable. L¢abilit¢e5 are recognised as soon as an outhow of economic benefit is conside￿d more likely than not under the legal orcon5trurtNe obli£ation commtttitbgthe Circuit to pay out le5our￿5. Grants Grants made by the Cirtuit from it's own funds ère recognised irs full at the time of agreement or when the Circuit accepts thai ihere i% a legal 01 Operat￿01 obligation to make the paymeTrt_ VAT Since the Circuit 15 not VAT registered, all input VAT is char¥ed with the expenses to which it refers. Tangsble Fixed Assets for use by the Qrcuit TanEiblÈ fixed assets are capitalised if they Can be used for mNe than one year. and cosr at least £1.0￿). The [￿ehOld property is shown in the accounts at 2021 in5urable values. No depreciation 15 provided on the building because the trustee5 con5iderthe cvrTent residual fairvalue of the rn3Trse building5 to be t￿t le55 than its current value. Any depreciation would not be material. Investments Investments ar& valued in the balance sheet at market value at the year end. lftvestment income is included in the accounts when recelvable and any gains or losses on revaluation aithe yearend are shown in the SOFA. Debtor5 and P￿PaYments The prepayment included in the accounts 15 ITr respecl of Presbyters stip@nd and oTrcosls paid dufittg Au8USt 2021 bLrt relating to September 2021, insurarKe paid in èdvance. Creditofs C￿dItorS include the 1st quartef or month assessment le￿Ned in August 2021. 4 In￿rne From Monets Investments General Fund CMT TOTAL InterÈst Transfer from TMCP Transfer from CFB Newcastle Church Remaining Funds St Peters Church Rernainin Funds 176 53.880 852 1.028 53.880 5949 1957 8,758 5.949 1,957 62.814 54.056 S Assessments on Churches 8aldwin5 Gate Cr05$ Heath igherland Halmer End Madeley Newcastle Sil¥erdale St LLJkes St Peters Br3dwell Wo15tanton Audlev TOTAL 5.494 9.814 17.794 12.501 8.568 2.393 21,597 9,971 16,286 21,114 42.(f30 20,447 188.068 6 Other Income Wolstanton Church- Salary reimburse Leaving Gilts for Minister5 The Thisiles Bi115 reirTrbur*ment Other Sundry Income TOTAL 645 2,432 436 8.517 7 Salaries and Associated Costs Geheral Fund 92.778 24.031 7,698 22,307 825 Restrirted Fund TOTAL Presbyter Stipend Presbyter Pension Presbyter Nl Lay Worker Salary Lay Worker Pension Lay Worker Nl Training Relocation Costs Mileage Presbyter Phone Pulpit Supp TOTAL 92.778 24.031 7.698 22,307 825 144 6.058 144 6.058 1.094 4,067 178 4.067 178 153.664 6202 159.866 8 Property Malntenan General Fund 4,921 1.427 1.539 Restr4(ted Fund TOTAL Manse Council Tax Manse Water Charges Circuit Insurance Gas Charges 4.921 1,427 1,539 3.920 632 1151 3,920 632 1.151 5,250 4.493 160 3.685 Manse Garden St Peters Church Bills Dlstrfct Sale F&e-Newcastle Church Thistle5 Manse Silverdale Manse Wolstanton Manse Audley Manse Quinquenni31 Costs Newcastle Church TOTAL 5250 4,493 160 3.685 4525 18.115 4.525 32,503 14,388 9 oifice Expenses Gerwal Fund 3.925 2,213 TOTAL Fund Print.Copy,P05tage P￿$bYlerS Admin OFFice Equipment Sundry ExplAudit,valuation,land registry Lay Admin Full Contras Ileamng grfts etcl CIFfice Costs Connexion Cha TOTAL 3.925 2.213 2.482 677 3.316 3,574 2.482 677 3.316 3,574 es 16.187 16.187 10 Other Out8oing5 General Fund Circuit Model Trust TOTAL Transferfrorn CFB Tran5ferfrom TMCP TMCP Admin TOTAL 530 530 530 11 Transfer Betweerb Fund5 Manse Maintenance BSI Circuit Manses & Equipment Sum Insured 228,084 222,822 261.099 242.81X) 954.805 51￿erda1e Manse Thistle5 Manse Audley Manse Wolst8nion Manse Total BSZ Debtors Presbyter 5tipendlSeptl Presbyter NIISeptl Presbyter Pensionlseptl Methodist Insurance 6671 616 1737 1583 lo￿6 BS3 TMCP Balance Openlng 8alance 1.9.20 Sale of Newcastle Church NeWcas￿e Church Funds St Peters Church Funds Interest 265.072.39 339,8AI.E 5.949.46 1,956.55 851.68 613,641.68 TMCP Admin Transfers to CFB CPF Levy on Sale of Newc35tJe Church DAF Contribution Closing Balance 31.8.21 530.14 53.880.00 115,924.64 11130.43 181,465.21 432,176A7 B54 CFB Oeposit Fund Opening B31ance 1.9.20 Assessments Transfers from TMCP 140,20S.81 134.165.00 53.880.00 176.15 328.426.96 Property Sale Charge District A55essment Presbyters Payroll Lay EmployeÈ Payroll Closin Balance 31.8.21 5.250.(KJ 35,072_IK) 123.713.95 24.d109_72 18A.445 67 139,981.29 8SS HSBC Bank Accourt Balance at 31.8.21 Add Income not yet showine Unpresented cheques 50.283.28 4.396.(K) 3117.50 51.561.78 BS6 Creditors Asse55ments'. Wolst3nton Madeley 2.314 1.897 1.708 1,707 1.217 814 Bradwell Audley Halmer End St Lukes IHSBCI 13.7 Restrirted Funds Balan 31.8.20 4.069 4,155 7.015 794 3.200 I,O(M) 20.Z33 Added 2020121 8750 14.500 6.5 6,630 Expenditure Balance 31.8.21 7.569 9.517 7.457 7.424 3,056 2020121 5250 9.138 6.058 Contingency M3D5e MaintenÈnce Ministers Relocation Quinquennial Fund Training Youih & Education 144 20,590 36,023