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|Circuit|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|||
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|||||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|
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|Assessments|paid by churches|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|
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|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|
##
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|||||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|
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||||||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|
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