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|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|||
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||||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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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||||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|
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||||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|
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|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.|||||||
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