2020-08-31-accounts - Barking Dagenham & Ilford Methodist Circuit

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Ministers	and Officers	and Officers	and Officers
Active	Circuit		Ministers:	Revd Bernardino M Mandlate
				Revd Angela Pothecary
				Revd Kido Back
				Revd Mmasape Zihle
Circuit	Lay Worker:			Mrs Caroline Dawson
Circuit	Stewards:			Miss Lesley Bentall (Senior)
				Mrs Lorna Brown
				Mrs Foluso Famoyin	Egbo
				Mr Philip Korsah
				Mrs Sarah Ocran
Treasurer:				Mr Desmond John
Administrator:				Mrs Jackie Saito
Independent			Examiner:	Wettone Matthews,	Market House,
				21Lenten Street, ALTON			GU34 1HG
Investment		Bankers:		Central Finance Board		of	the Methodist	Church
				Trustees for Methodist		Church Purposes

				Notes to			Circuit Model
				the	General	Fund	Trust	Restricted	Total	2019-	Total
			accounts		(Unrestricted) f		(Unrestricted) 5	Funds		20 f	2018-19 E
Income
1 Donations and legacies
2 Income from monetary investments						341	1,380			1,721	2,204
3 income from investment	properties
4 Assessments on Churches					263,900					263,900	259,981
5 Capital Receipts
6 Grants received								11,000		11,000
7 Other charitable income						6,532				6,532
8Total income					270,773		1,380	11,000		283,154	262,155
Expenditure
9 Grants and donations
10Salaries and associated	costs			3		183,381		11,000		194,381	188,238
11 Property maintenance				4		80,073				80,073	66,528
12Connexional assessment	&	model	trust	levy		46,484				46,484	41,573
13District Assessment & Levy							5,787			5,787	6,035
14Depreciation
15Office expenses				5		3,425	331			3,757	5,611
16Other outgoings				6		1,946				1,946	2,575
17Total charitable expenditure						315,310	6,118	11,000		332,428	310,560
18Gains/(losses) on monetary		investments
19Gains/(losses) on investment		properties
20 Net income/(expenditure)						(44,536)	(4,738)			(49,274)	(48,375)
21 Transfers between funds
22 Other gains/(losses)				BS1		41,144				41,144	35,016
23 Net movement in funds						(3,392)	(4,738)			(8,130)	(13,359)
24Total funds brought forward					1,380,711		165,737			1,546,447	1,559,806
25Total funds carried forward					1,377,318		160,999			1,538,317	1,546,447

				Generalpund	Circuit Model	Restricted	Totals 2020	Totals 2019
				(Unrestricted)	Trusts	Funds
			Notes tothe		(Unrestricted)
			Accounts		2
Fixed Assets
Circuit Menses 6 Equipment			891	1,327,079			1,327,079	1,285,935
Investment properties
Investmsnts
Total	fixed assets			1,327,079			1,327,079	1,286,936
Current Assets
Debtors				8,694			8,694	6.697
Loans by Ihe Circuit
Investments with TMCP			062	160,999			160,999	165,737
Central Finance Board Deposits			853	53,288			53,288	78,414
Cash st Bank and In hand			853	6,646			6,646	14,948
Total current assets				229,627			229,827	263,794
Current uabuitles
Creditors (due in under 1 year)				18,309			10,389	3,282
Grants paysbie within 2018.19
Tolsl current liabilities				18,389			10,389	3,282
Nel cunwnt asselsrusblSties				211,230			211,238	280,812
Total assets less current llsblgf les				1,638,317			1,630,317	1,548,447
Long term Babgltles
(due after more than one year)
Grants payable afier2018-1S
Loans to the Circuit
	Net assets			1,538,317			1,530,317	1,546,447
Funds ofthe Circuit
General Fund (Unrestricted)			895.1	1,377,318			1,377,318	1,380,711
Circuit Model Trust Fund (Unrestricted)			695.2		180,999		160,999	165,737
DeslSnated Funds (Unrestricted)
Tetsl Unrestrlcfed		Funds		1,377,318	180,999		1,630,317	1,S46,447
Restricted Funds
Endowment Funds
	Tofal Funds			1,377,318	180,999		1,538,317	1,&46,447

Assessments	2019/20	2018/19
Barking	42,478	41,524
Barkingside	27,876	27,250
Beacontree Heath	18,528	18,167
Gantshill	27,876	27,250
Goodmayes	27,876	27,250
Grange Hill	10,393	10,381
lifo rd	26,515	25,953
Old Dagenham	24,051	24,655
Seven Kings	25,220	24,655
The Drive	33,090	32,441

Stipends/Salaries were paid to 4full-time	Stipends/Salaries were paid to 4full-time	Presbyters,	Presbyters,	as well as	as well as	as well as	2 part-time	2 part-time	2 part-time
Lay staff who were involved	in Circuit administration			and the Religious Education							Resources				Project
(RERP) operating in local Schools. No employees			received employee						benefits of		more	than		F60,000.
There is no accrual for holiday pay as it is		immaterial.		The holiday year ends on							31stAugust.
All staff are paid at or above	the London	Living Wage.			Presbyters			are members ofthe
Methodist Ministers Pension	Scheme (MMPS).		This is a defined					benefit scheme.			Lay employees						are
contractual employees and have the option ofjoining					a pension			scheme which the Circuit						has		arranged			with
The Pensions Trust. This is a	defined benefit scheme			to		which the Circuit contributes						as	employer.
The Connexion accounts for	both pension	schemes and				shows	the		figures	in the	annual		Methodist				Church
in Great Britain accounts. Restricted funds represent				a		grant from the London District						Advance				Fund		towards
the salary costs ofthe RERP.	Stipend and	salary	figures			shown	below are gross and include								all	associated
paYroll costs:
						2020								2019
Ministers Stipends								141,056									138,332
(Salaries 6104,616; ERNI E9,638; Pension
Contbns. 626,801)
Lay Salaries									37723								36,029
(Salaries E36,508; ERNI E2,244 and Pension
Contbns. f2,145)
Payroll Admin Costs						174							166
less RERP Contribution
less llford, Barking, M Ccontribution
									174										166
Pensions Trust (Lay Workers)						-39								74
less RERP Contribution
less llford M CContribution
									-39										74
Apprenticeship Levy						685							863
less llford, Barking, M Ccontribution
less RERP contribution
									685										863
Ministers Travel									4,007									5,839
Ministers Printing, Postages	ik Stationery								795									1,390
Ministers Telephone Ik Broadband					3,569								3,392
less Private Use						0			3,569						0			3,392
Ministers Support &Training									1,886										545
Relocation Allowance Ik Removal Expenses									~4525									1	608
TOTAL STIPENDS, SALARIES lk ASSOCIATED COSTS								~194381									~188		238

		2020		2019
MANSE PROPERTY COSTS
Quinquennial	&Testing Reports		890		5,420
Insurance			3,236		3,293
Manses Cncl.	Tax, Water Rates, Genl Mntce.		14,618		17,592
Manse Repairs gr Renewals
19Bethell	Avenue	2,960		2,345
7 Hastings	Avenue	300		109
46 Lyndhurst Gardens		18,130		33,689
27 Shafter	Avenue	36,939		80
			58,329		36,223

Circuit	Office rent	~3000	~4000
TOTAL	PROPERTY EXPENSES	~80073	~66 528

			2020		2019
Photocopying
Postages	and Stationery		1,354		1,923
Telephone	and Broadband		989		1,836
Sundries			1,081		1,511
TMCP Administration		charge	331		341
Total				3,757		5,611

OTHER O	UTGO	INGS
				2020		2019
Account	Examination		Fee		720		1,500
Preaching	Fees						486
Sundries:
Compliance		survey	contribution
Refreshments
Circuit	events			122		461
Other				1,105		128
					1226		588
					~1946		~2575

1.1Cost or Valuation	1.1Cost or Valuation	1.1Cost or Valuation		Buildings	Equipment	Total
					E
Cost/valuation	brought		forward	1,285,935	2,998	1,288,933
Gains on Manse		Properties		41,144		41,144
less accumulated		depreciation			~2998	~2998
Net Book Value		carried	forward	~1327079		~1327079

Trustees	for Methodist Church	for Methodist Church	Purposes deposits	Purposes deposits	2020	2019
					~160999	165737
CHANGES IN INVESTMENT VALUES
Carrying	(market)	value at beginning		ofyear	165,737	170,708
less Net	transfers	and charges			~4738	~4971
Carrying	(market)	value at end	ofyear		~160999	~165737

fthese ossible alances	balances across General, D balances are not shown as held at 31August 2020	esignated and Restricted negative.	Funds is arb	itrary	but wh	erever
		General	Designated		Total
Central	Finance Board	53,288				53,288
HSBC Bank		~6646		0		6,646
Totals		59934		0		~59934

		31-Aug-20	2019
Balance		0
Manse Maintenance	Fund
		31-Aug-20	2019
Balance		0	0

				Notes to		Circuit Model	Designated
				the	General Fund	Trust	Funds	Total	Total
				accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	2018-19	2017-18
						f	2	5	8
Income
1 Donations and legacies
2 Income from monetary	investments			I	798	1,406		2,204	1,619
3 income from investment		properties
4 Assessments on Churches					259,981			259,981	254,793
5 Capital Receipts
6 Grants received
7 Other chadtable income
8Total income					260,779	1,406		262,185	256,412
Expenditure
9 Grants and donations
10Salaries and associated		costs		3	188,238			188,238	180,249
11 Property maintenance				4	56,829		9,699	66,528	30,849
12Connexional assessment		&model trust		levy	41,573			41,573	42,067
13District Assessment 8 Levy						6,035		6,035	6,737
14 Depreciation
15Office expenses				5	5,270	341		5,611	4,274
16Other outgoings				6	2,575			2,575	3,125
17Total charitable expenditure					294,485	6,377	9,699	310,560	267,301
18Gains/(losses) on monetary			investments
19Gains/(losses) on investment			properties
20 Net income/(expenditure)					(33,705)	(4,971)	(9,699)	(48,375)	(10,889)
21 Transfers between funds
22 Other gains/(losses)				7	35,016			35,016	50,445
23 Net movement in funds					1,311	(4,971)	(9,699)	(13,359)	39,656
24 Total funds brought forward					1,379,399	170,708	9,699	1,559,806	1,520,250
25 Total funds carried forward					1,380,711	165,737		1,546,447	1,559,806

					General	Fund	Circuit Model	Designated	Totals 2019	Totals 2018
					(Unrestncted)		Trusts	Funds
				Notes to the Accounts			(Unrestricted) 2	(Unrestricted) f
Fixed Assets
Circuit Menses &Equipment				BS1	1,285,935				1,285,935	1,250,919
Investment properties
Investments
	Total	fixed assets			1,285,935				1,285,935	1,250,919
Current Assets
Debtors						6,697			6,697	3,806
Loans by the Circuit
Investments with TMCP				BS2			165,737		165,737	170,708
Central Finance Board	Deposits			BS3		76,414			76,414	137,881
Cash at Bank and in hand				BS3		14,946			14,946	622
Total current assets						98,057	165,737		263,794	313,017
Current liabilities
Creditors (due in under	1 year)					3,282			3,282	4,130
Grants payable within	2018-19
Total	current liabilities					3,282			3,282	4,130
Net current asselslliabilities						94,776	165,737		260,512	308,887
Total assets less	current liabilities				1,380,?11		165,737		1,546,447	1,559,806
Long term liabilities
(due after more than one year)
Grants payable after 2018-19
Loans to the Circuit
		Net assets			1,380,711		165,737		1,546,447	1,559,806
Funds ofthe Circuit
General Fund (Unrestricted)				BS5.1	1,380,711				1,380,711	1,379,399
Circuit Model Trust Fund (Unrestricted)				BS5.2			165,737		165,737	170,708
Designated Funds (Unrestdicted)				BS5.3						9,699
Total Unrestricted			Funds		1,380,711		165,737		1,546,447	1,559,806
Restdicted Funds
Endowment Funds
		Total Funds			1,380,711		165,737		1,546,447	1,559,806