| 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 | ||||||
| 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 | ofthe Methodist | Church | |||||
| Trustees for Methodist | Church Purposes |
| Notes to | Circuit Model | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| the | General | Fund | Trust | Restricted | Total | Total | |||
| accounts | (Unrestricted) | (Unrestricted) | Funds | 2021-2022 | 2020-2021 | ||||
| E | |||||||||
| Income | |||||||||
| 1 Donations and legacies |
|||||||||
| 2 Income from monetary investments |
82 | 608 | 690 | 514 | |||||
| 3 Income from investment |
properties | ||||||||
| 4 Assessments on Churches |
281,441 | 281,441 | 302,987 | ||||||
| 5 Capital Receipts |
|||||||||
| 6 Grants received |
10,000 | 10,000 | 9,000 | ||||||
| 7 Other charitable income |
2,289 | 2,289 | 2,232 | ||||||
| 8Total income | 283,812 | 608 | 10,000 | 294,420 | 314,733 | ||||
| Expenditure | |||||||||
| 9 Grants and donations |
13,815 | ||||||||
| 10Salanes and associated | costs | 3 | 182,995 | 9,460 | 192,455 | 187,287 | |||
| 11Property maintenance | 4 | 40,656 | 40,656 | 49,702 | |||||
| 12Connexional assessment |
& | model trust | levy | 47,756 | 47,756 | 47,756 | |||
| 13District Assessment & Levy |
4,180 | 4,180 | 5,550 | ||||||
| 14Depreciation | |||||||||
| 15Ofgce expenses | 5 | 3.498 | 381 | 3,879 | 3,631 | ||||
| 16Other outgoings | 6 | 2,447 | 540 | 2,987 | 1,471 | ||||
| 17Total charitable expenditure |
277,353 | 4,561 | 10,000 | 291,914 | 309,212 | ||||
| 18 Gains/(losses) on monetary |
investments | ||||||||
| 19Gains/(losses) on investment |
properties | ||||||||
| 20 Net income/(expenditure) | 6,459 | (3,953) | 2,506 | 5,521 | |||||
| 21 Transfers between funds |
|||||||||
| 22 Other gains/(losses) | BS1 | 144,083 | 144,083 | 71,680 | |||||
| 23 Net movement in funds |
150,542 | (3,953) | 146,589 | 77,201 | |||||
| 24Total funds brought forward |
1,481,916 | 133,600 | 1,615,518 | 1,538,317 | |||||
| 25Total funds carried forward | 1,632,460 | 129,647 | 1,762,107 | 1,615,518 |
| General Fund | Circuit Model | Restricted | Totals 2022 | Totals 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| (Unrestricted) | Trusts | Funds | ||||||
| Notes tothe | (Unrestricted) | |||||||
| Accounts | ||||||||
| Fixed Assets | ||||||||
| Circuit Manses &Equipment |
BS1 | 1,542.842 | 1,542,842 | 1,398.759 | ||||
| Investment properties |
||||||||
| Investments | ||||||||
| Total | fixed assets | 1,542,842 | 1,542,842 | 1,398,75$ | ||||
| Current Assets | ||||||||
| Debtors | 22.988 | 22,988 | 6.106 | |||||
| Loans by the Circuit | ||||||||
| Investments with TMCP |
BS2 | 129,647 | 129,647 | 133,600 | ||||
| Central Finance Board Deposits | BS3 | 23.703 | 23,703 | 29.602 | ||||
| Cash at Bank and in hand | BS3 | 44,385 | 44,385 | 49,273 | ||||
| Total current assets | 220,723 | 220,723 | 218,581 | |||||
| Current liabilities |
||||||||
| Creditors (due in under 1year) |
1.458 | 1,45e | 1.822 | |||||
| Grants payable within 2021-22 | ||||||||
| Total current liabi%ties | 1,458 | 1,45e | 1,822 | |||||
| Net current asseta7iabilities | 219,265 | 219,265 | 216,759 | |||||
| Total assets less current liabilities | 1,762,107 | 1,762,107 | 1,615,518 | |||||
| Long term liabilities | ||||||||
| (due after more than one | year) | |||||||
| Grants payable after 2022-23 | ||||||||
| Loans to the Circuit | ||||||||
| Net assets | 1,762,107 | 1,762,107 | 1,615,518 | |||||
| Funds ofthe Circuit | ||||||||
| General Fund (Unrestricted) |
BS5.1 | 1,632,460 | 1,632,460 | 1,481,91e | ||||
| Circuit Model Trust Fund (Unrestricted) | BS5.2 | 129,647 | 129,647 | 133,600 | ||||
| Designated Funds (Unrestricted) |
BS5.3 | |||||||
| Total Unrestricted | Funds | 1,632,460 | 129,647 | 1,762,107 | 1,615,518 | |||
| Restricted Funds | ||||||||
| Endowment Funds |
||||||||
| Total Funds | 1,632,460 | 129,647 | 1,762,107 | 1,615,518 |
| Assessments | paid by churches | 2021/22 | 2020/21 |
|---|---|---|---|
| Barking | 46,728 | 43,837 | |
| Barkingside | 31,794 | 28,768 | |
| Beacontree Heath | 22,045 | 19,179 | |
| Gantshill | 26,287 | 28,768 | |
| Goodmayes | 28,957 | 28,768 | |
| Grange Hill |
6,165 | 8,219 | |
| liford | 30,721 | 27,399 | |
| Old Dagenham | 9,000 | 12,000 | |
| Seven Kings | 26,977 | 26,028 | |
| The Drive | 33,685 | 34,248 |
| the salary costs ofth payroll costs: |
e RERP. Stipend and salary figures sh | own below are | gross and include | all associated | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Ministers Stipends | 141,376 | 138,250 | |||
| (Salaries E104,103;ERNI E9,966;Pension Contbns. | |||||
| E27,307) | |||||
| Lay Salaries | 38,601 | 38,086 | |||
| (Salaries E34,213;ERNI E2,335and Pension Contbns. | |||||
| E2,053) | |||||
| Payroll Admin Costs | 192 | 202 | |||
| less RERP Contribution | 0 | ||||
| less llford, Barking, | M Ccontribution | 0 | |||
| 192 | |||||
| Pensions Trust (Lay Workers) | 70 | ||||
| less RERP Contribution | |||||
| less llford M CContribution | |||||
| 70 | |||||
| Apprenticeship Levy |
707 | 740 | |||
| less Ilford, Barking, | M Ccontribution | ||||
| less RERP contribution | 0 | ||||
| 707 | 740 | ||||
| Ministers Travel |
5,121 | 2,719 | |||
| Ministers Printing, Postages &Stationery |
910 | 828 | |||
| Ministers Telephone | 8 Broadband | 3,804 | 4,938 | ||
| less Private Use | 0 | 3,804 | 0 | 4,938 | |
| Ministers Support & | Training | 1,674 | 1,483 | ||
| Relocation Allowance | &Removal Expenses | ||||
| TOTAL STIPENDS, SALARIES &ASSOCIATED COSTS | 1924$5 | 187287 |
| Account | Examination | Examination | Fee | 744 | 732 | ||
|---|---|---|---|---|---|---|---|
| Preaching | Fees | 390 | |||||
| Sundries: | |||||||
| Compliance | survey | contribution | |||||
| Refreshments | |||||||
| Circuit events | 740 | 240 | |||||
| Other | 1,113 | 499 | |||||
| 1,853 | 739 | ||||||
| 2,987 | 1,471 |
| Trustees | for Methodist Church Purposes deposits |
for Methodist Church Purposes deposits |
for Methodist Church Purposes deposits |
2022 | 2021 |
|---|---|---|---|---|---|
| 129647 | 133600 | ||||
| CHANGES IN INVESTMENT VALUES |
|||||
| Carrying | (market) | value at beginning | ofyear | 133,600 | 160,999 |
| less Net | transfers | and charges | ~3953 | -27 399 | |
| Carrying | (market) | value at end ofyear | 129647 | 133600 |
| ossible balances are not shown as nega alances held at 31August 2022 |
tive. | ||||
|---|---|---|---|---|---|
| General | Designated | Total | |||
| Central Finance Board | 23,703 | 0 | 23,703 | ||
| HSBC Bank | 44,385 | 0 | 44,385 | ||
| Totals | 68088 | 0 | 68088 |
| Notes to | Circuit | Nlodel | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| the | General | Fund | Trust | Restricted | Total | Total | ||||
| accounts | (Unrestricted) | (Unrestricted) | Funds | 2020-21 | 2019-20 | |||||
| E | r | |||||||||
| Income | ||||||||||
| 1 Donations and legacies |
||||||||||
| 2 Income from monetary investments |
41 | 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 | ||||||||
| 10Salanes and associated | costs | 3 | 177,787 | 9,500 | 187,287 | 194,381 | ||||
| 11Property maintenance | 4 | 49,702 | 49,702 | 80,073 | ||||||
| 12Connexional assessment |
&model trust | levy | 47,756 | 47,756 | 46,484 | |||||
| 13Distdct Assessment & Levy |
5,550 | s,ss0 | 5,787 | |||||||
| 14 Depreciation | ||||||||||
| 15ONce 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) | BS1 | 71,680 | 71,680 | 41.144 | ||||||
| 23 Net movement in funds |
104,600 | (27,399) | 77,201 | (8,130) | ||||||
| 24 Total funds brought forward | 1,377,318 | 160,999 | 1,538,317 | 'i,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 to the | (Unrestricted) | |||||||
| Accounts | f | |||||||
| Fixed Assets | ||||||||
| Circuit Manses 8 Equipment | 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 liabilities | 1,822 | 1,822 | 18,389 | |||||
| Net current assetslllabilitles | 216,759 | 216,759 | 211,238 | |||||
| Total assets less current liabilities | 1,615,518 | 1,615,518 | 1,538,317 | |||||
| Long term liabilities | ||||||||
| (due after more than one year) | ||||||||
| Grants payable after 2018-19 | ||||||||
| Loans lo the Circuit | ||||||||
| Net assets | 1,615,518 | 1,615,518 | 1,538,317 | |||||
| Funds ofthe Circuit | ||||||||
| General Fund (Unrestricted) | BS5.1 | 1,481.918 | 1,481,918 | 1,377,318 | ||||
| Circuit Model Trust Fund (Unrestricted) | BS5.2 | 133,600 | 133,600 | 160,999 | ||||
| Designated Funds (Unrestricted) |
BS5.3 | |||||||
| 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 |
| Signature ofTreasurer | Date | 15th March | 15th March | 2023 | 2023 | |
|---|---|---|---|---|---|---|
| Name | Mr,Desmond John | |||||
| Address | BOI Circuit Office, c/o Beacontree | Heath Methodist | Church, | |||
| The Broadway, | Dagenham, | RM8 1DZ | ||||
| Presentation tothe Circuit Meeting for approval | ||||||
| l confirm that the Accounts | have been presented to the Circuit Meeting | on | 15th March 2023 | |||
| and were approved. |