| Circuit | Ministers | and Officers | and Officers | and Officers | |||||
|---|---|---|---|---|---|---|---|---|---|
| Active | Circuit | Ministers: | Revd Bernardino M Mandlate |
||||||
| Revd Kido Back | |||||||||
| Revd Mmasape Zihle |
|||||||||
| Deacon Andy Packer | |||||||||
| Circuit | Lay Worker: | Mrs Caroline Dawson |
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| 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, | ||||||
| 21 Lenten 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 | Total | |||
| accounts | (Unrestricted) | (Unrestricted) | Funds | 2020-21 | 2019-20 | ||||
| f | 6 | 8 | f | 6 | |||||
| income | |||||||||
| 1 Donations and legacies |
|||||||||
| 2 Income from monetary investments |
473 | 514 | 1,721 | ||||||
| 3 Income from investment |
properties | ||||||||
| 4 Assessments on Churches |
302,987 | 302,987 | 263,900 | ||||||
| 5 Capital Receipts |
|||||||||
| 6 Grants received |
9,000 | 9,000 | 11,000 | ||||||
| 7 Other charitable income |
1,732 | 500 | 2,232 | 6,532 | |||||
| 8Total income | 304,760 | 473 | 9,500 | 314,733 | 283,154 | ||||
| Expenditure | |||||||||
| 9 Grants and donations |
13,815 | 13,815 | |||||||
| 10Salaries and associated | costs | 3 | 177,767 | 9,500 | 187,287 | 194,381 | |||
| 11 Properly maintenance | 4 | 49,702 | 49,702 | 80,073 | |||||
| 12Connexional assessment |
& | model trust | levy | 47,756 | 47,756 | 46,484 | |||
| 13District Assessment & Levy |
5,550 | 5,550 | 5,?8? | ||||||
| 14Depreciation | |||||||||
| 15Office expenses | 5 | 3,309 | 322 | 3,631 | 3,757 | ||||
| 16Other outgoings | 6 | 1,471 | 1,471 | 1,946 | |||||
| 17Total charitable expenditure |
293,840 | 5,872 | 9,500 | 309,212 | 332,428 | ||||
| 18Gains/(losses) on monetary |
investments | ||||||||
| 19Gains/(losses) on investment |
properties | ||||||||
| 20 Net income/(expenditure) | 10,920 | (5,399) | 5,521 | (49,274) | |||||
| 21 Transfers between funds |
22,000 | (22,000) | |||||||
| 22 Other gains/(losses) | 861 | 71,680 | 71,680 | 41,144 | |||||
| 23 Net movement in funds |
104,600 | (27,399) | 77,201 | (8,130) | |||||
| 24Total funds brought forward | 1,377,318 | 160,999 | 1,538,317 | 1,546,447 | |||||
| 25Total funds carried forward | 1,481,918 | 133,600 | 1,615,518 | 1,538,317 |
| General | Fund | Circuit Model | Restricted | Totals 2021 | Totals 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| (Unrestricted) | Trusts | Funds | ||||||||
| Notes tcthe | (Unrestricted) | |||||||||
| Accounts | 6 | |||||||||
| Fixed Assets | ||||||||||
| Circuit Menses 8Equipment | BS1 | 1,398,759 | 1,398,759 | 1,327,079 | ||||||
| Investment properties |
||||||||||
| investments | ||||||||||
| Total | fixed assets | 1,398,759 | 1,398,759 | 1,327,079 | ||||||
| Current Assets | ||||||||||
| Debtors | 6,106 | 6,106 | 8,694 | |||||||
| Loans by the Circuit | ||||||||||
| Investments with TMCP |
BS2 | 133,600 | 133,600 | 160,999 | ||||||
| Central Finance Board Deposits | BS3 | 29,602 | 29,602 | 53,288 | ||||||
| Cash at Bank and in hand | BS3 | 49,273 | 49,273 | 6,646 | ||||||
| Total current assets | 218,581 | 218,581 | 229,627 | |||||||
| Current liabilities |
||||||||||
| Creditors (due in under |
1 year) | 1,822 | 1,822 | 18,389 | ||||||
| Grants payable within 2021-22 |
||||||||||
| Total current liabgltles | 1,822 | 1,822 | 18,389 | |||||||
| Net currenl | assetslliabilities | 216,759 | 216,759 | 211,238 | ||||||
| Tofal assets less | current llabililies | 1,615,518 | 1,615,518 | 1,638,317 | ||||||
| Long term liabilities | ||||||||||
| (due after more than | one year) | |||||||||
| Grants payable after 2018-19 | ||||||||||
| Loans to the Circuit | ||||||||||
| Netassets | 1,615,518 | 1,615,518 | 1,538,317 | |||||||
| Funds ofthe Circuit | ||||||||||
| General Fund (Unrestdcted) |
BS5.1 | 1,481,918 | 1,481,918 | 1,377,318 | ||||||
| Circuit Model Trust Fund (Unrestdcted) | B65.2 | 133,600 | 133,600 | 160,999 | ||||||
| Designated Funds (Unrestricted) |
8S5.3 | |||||||||
| Total Unrestricted | Funds | 1,481,918 | 133,600 | 1,615,518 | 1,538,317 | |||||
| Restricted Funds |
||||||||||
| Endowment Funds |
||||||||||
| Total Funds | 1,481,918 | 133,600 | 1,615,518 | 1,538,317 |
| Assessments | paid by churches | 2020/21 | 2019/20 |
|---|---|---|---|
| Barking | 43,837 | 42,478 | |
| Barkingside | 28,768 | 27,876 | |
| Beacontree Heath | 19,179 | 18,528 | |
| Gantshill | 28,768 | 27,876 | |
| Goodmayes | 28,768 | 27,876 | |
| Grange Hill |
8,219 | 10,393 | |
| Ilford | 27,399 | 26,515 | |
| Old Dagenham | 12,000 | 24,051 | |
| Seven Kings | 26,028 | 25,220 | |
| The Drive | 34,248 | 33,090 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| MANSE PROPERTY COSTS | |||||
| Quinquennial | &Testing Reports | 1,230 | 890 | ||
| Insurance | 4,820 | 3,236 | |||
| Manses Cncl. | Tax, Water Rates, Genl Mntce. | 13,103 | 14,618 | ||
| Manse Repairs &Renewals | |||||
| 19Bethell | Avenue | 1,070 | 2,960 | ||
| 7 Hastings | Avenue | 1,021 | 300 | ||
| 46 Lyndhurst Gardens |
-3,307 | 18,130 | |||
| 27Shafter | Avenue | 29,765 | 36,939 | ||
| 28,549 | 58,329 |
| Circuit | Office rent | 2 000 | 3000 |
|---|---|---|---|
| TOTAL | PROPERTY EXPENSES | 4~9702 | ~80073 |
| OTHER O | UTGO | INGS | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Account | Examination | Fee | 732 | 720 | |||
| Preaching | Fees | ||||||
| Sundries: | |||||||
| Compliance | survey | contribution | |||||
| Refreshments | |||||||
| Circuit | events | 240 | 122 | ||||
| Other | 499 | 1,105 | |||||
| 739 | 1,226 | ||||||
| 1,471 | 1,947 |
| 1.1Cost or Valuation | 1.1Cost or Valuation | 1.1Cost or Valuation | Buildings | Equipment | Total | |
|---|---|---|---|---|---|---|
| f | ||||||
| Cost/valuation | brought forward | 1,327,079 | 1,327,079 | |||
| Gains on Manse | Properties | 71,680 | 71,680 | |||
| less accumulated | depreciation | 0 | ||||
| Net Book Value | carried forward | ~1398759 | ~1398 | 759 |
| Trustees | for Methodist Church Purposes deposits |
for Methodist Church Purposes deposits |
for Methodist Church Purposes deposits |
2021 | 2020 |
|---|---|---|---|---|---|
| 133600 | 160 999 | ||||
| CHANGES | IN INVESTMENT VALUES | ||||
| Carrying | (market) | value at beginning | ofyear | 160,999 | 165,737 |
| less Net transfers | and charges | -27399 | -4738 | ||
| Carrying | (market) | value at end ofyear | 133600 | 160 999 |
| ossible alances |
balances are not shown as negat held at 31August 2021 |
ive. | ||||
|---|---|---|---|---|---|---|
| General | Designated | Total | ||||
| Central | Finance Board | 29,602 | 29,602 | |||
| HSBC Bank | 49,273 | 49,273 | ||||
| Totals | 78875 | 0 | 78875 |
| 855.3Designated | Funds | Funds | ||
|---|---|---|---|---|
| 31-Aug-21 | 2020 | |||
| Balance | 0 | 0 | ||
| Manse Maintenance | Fund | |||
| 31-Aug-21 | 2020 | |||
| Balance | 0 | 0 |
| Comparative Stateme |
nt | of Fina | ncial Ac | tivities | (SOFA) | for the year | ended 31A | ugu | st 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Notes to | Circuit Model | |||||||||
| the | General | Fund | Trust | Restricted | Total | 2019- | Tots I | |||
| accounts | (Unrestricted) | (Unrestricted) | Funds | 20 | 2018-19 | |||||
| f | 6 | F | 6 | |||||||
| Income | ||||||||||
| 1 Donations and legacies |
||||||||||
| 2 Income from monetary investments |
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 |
«,000 | «,000 | ||||||||
| 7 Other charitable income |
6,532 | 6,532 | ||||||||
| 8 Total income | 270,773 | 1,380 | «,000 | 283,154 | 262,185 | |||||
| Expenditure | ||||||||||
| 9 Grants and donations |
||||||||||
| 10Salaries and associated | costs | 3 | 183,381 | «,000 | 194,381 | 188,238 | ||||
| «Property maintenance |
4 | 80,073 | 80,073 | 66,528 | ||||||
| 12Connexional assessment |
& | model trust | levy | 46,484 | 46,484 | 41,573 | ||||
| 13District Assessment 8 Levy |
5,787 | 5,787 | 6,035 | |||||||
| 14Depreciation | ||||||||||
| 15Office expenses | 5 | 3,425 | 331 | 3,756 | 5,6« | |||||
| 16Other outgoings | 6 | 1,946 | 1,946 | 2,575 | ||||||
| 17Total charitable expenditure |
315,310 | 6,«8 | «,000 | 332,428 | 310,560 | |||||
| 18Gains/(losses) on monetary |
investments | |||||||||
| 19Gains/(losses) on investment |
properties | |||||||||
| 20 Net income/(expenditure) | (44,537) | (4,738) | (49,275) | (48,375) | ||||||
| 21 Transfers between funds |
||||||||||
| 22 Other gains/(losses) | BS1 | 41,144 | 41,144 | 35,016 | ||||||
| 23 Net movement in funds |
(3,393) | (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 |
| General Fund | Circuit Model | Restricted | Totals 2020 | Totals | |||||
|---|---|---|---|---|---|---|---|---|---|
| (Unrestricted) | Trusts | Funds | 2019 | ||||||
| Notes to the | (Unrestricted) | ||||||||
| Accounts | 2 | ||||||||
| Fixed Assets | |||||||||
| Circuit Menses 5 Equipment | BS1 | 1,327,079 | 1,327,079 | 1,285,935 | |||||
| Investment properties |
|||||||||
| Investments | |||||||||
| Total | fixed assets | 1,327,079 | 1,327,079 | 1,285,935 | |||||
| Current Assets | |||||||||
| Debtors | 8,694 | 8,694 | 6,697 | ||||||
| Loans by the Circuit | |||||||||
| Investments with TMCP |
BS2 | 160,999 | 160,999 | 165,737 | |||||
| Central Finance Board | Deposits | BS3 | 53,288 | 53,288 | 76,414 | ||||
| Cash at Bank and in hand | BS3 | 6,646 | 6,646 | 14,946 | |||||
| Total current assets | 229,627 | 229,627 | 263,794 | ||||||
| Current liabilities | |||||||||
| Creditors (due in under | 1 year) | 18,389 | 18,389 | 3,282 | |||||
| Grants payable within |
2018-19 | ||||||||
| Total | current liabilities | 18,389 | 18,389 | 3,282 | |||||
| Net current | assets/liabilities | 211,238 | 211,238 | 260,512 | |||||
| Tolal assets less | current liabilities | 1,538,317 | 1,538,317 | 1,546,447 | |||||
| Long term liabilities | |||||||||
| (due after more than one year) | |||||||||
| Grants payable after 2018-19 | |||||||||
| Loans to the Circuit | |||||||||
| Net assets | 1,538,317 | 1,538,317 | 1,546,447 | ||||||
| Funds ofthe Circuit | |||||||||
| General Fund (Unrestricted) |
BS5.1 | 1,377,318 | 1,377,318 | 1,380,711 | |||||
| Circuit Model Trust Fund (Unrestricted) | 865.2 | 160,999 | 160,999 | 165,737 | |||||
| Designated Funds (Unrestricted) |
BS5.3 | ||||||||
| Total Unrestricted | Funds | 1,377,318 | 160,999 | 1,538,317 | 1,546,447 | ||||
| Restricted Funds | |||||||||
| Endowment Funds |
|||||||||
| Total Funds | 1,377,318 | 160,999 | 1,538,317 | 1,546,447 |