2023-08-31-accounts

The name ofthe	Charity	South Devon Methodist	South Devon Methodist	Circuit	Circuit
Charity registration number		1132517
Principal Office		100Fore Street, Kingsbridge,			Devon TQ7 1AW
Superintendent	Ministers	Revd. Daniel Haylett
Lay Minister		Mrs. Rachel Mitchell
Circuit Meeting	Secretary	Mrs. Helen Hibbard	(resigned		31August 2023)
		(not replaced)
Circuit Administrator		Mrs. Fiona Van Es
Circuit Safeguarding officer		Mrs. Carole Knights
Circuit Property	Manager	Mr. Roy Mitchell

		General Funds (unrestricted)	Circuit Ilodel Trust Fund (unrestricted)	Circuit Ilodel Trust Fund (unrestricted)	Restricted Funds	Restricted Funds	Totals this year	Totals last year
RECEIPTS	Note
Assessments		22,510					22,510	25,490
Capital receipts
Bank and CFBinterest and Investment income		1,081		2,467		13	3,561	518
Rental Property income		52,740					52,740	46,580
Other receipts		140			2,108		2,248	3,239
TOTAL RECEIPTS		76,471		2,467	2,121		81,058	75,827
PAYMENTS
Ministerial Staff Costs		36,058					36,058	34,451
Manse Costs
District Assessment		5,222					5,222	5,797
Administration and Office costs		11,129		226			11,355	9,734
Worship and Discipleship		1,177					1,177	1,087
Grants and donations				1,987		240	2,227	6,135
Property costs		7,220					7,220	10,839
Other payments					1,096		1,096	5,697
TOTAL PAYMENTS		60,806		2213	1,336		64,355	73,740
NET RECEIPTS/PAYMENTS FOR THE YEAR		15,665				785	16,704	2,087
Total funds brought forward	from last year	63,468		79,470	1,182		144,120	142,465
Sub total		79,133		79,724	1,967		160,824	144,552
Transfers and adjustments
Ubrealised gain (loss) on investments				(191)			(191)	(432)
TOTAL FUNDS AT END OF YEAR		79,133		79,533	1,967		160,633	144,120

		General Funds	Circuit Trust	Circuit Trust	Model Fund	R estricted	Total this	Total last
		(unrestricted)	(unrestricted)				year	year
SUMMARY OF CIRCUIT	CASH AND INVESTMENT FUNDS			HELD
Cash at Bank		24348				1,967	26,315	35,759
Central Finance Board
Cash balance		54,785					54,785	28,891
Trustees for Methodist	Church
Purposes - Cash balances					79,533		79,533	77,003
Trustees for Methodist	Church
Purposes - Investment	funds							2,467
		79,133			79,533	1,9B7	160,B33	144,120
Total Funds held by internal		organisations
Total as at 31August 2023		79,133			79,533	1,967	160,633	144,120
Total as at 31August 2022		63,468			79,470	1,182	144,120	142,465

OTHE	R ASSETS AND LIBILITIES	R ASSETS AND LIBILITIES	Notes
Land	and Buildings			1,228,104	1,228,104
Loan	to Circuit	Church			16
Other	Liabilities	- HMRC payroll taxes (paid quarterly)	2&3	(1,451)	(1,407)
				1,226,553	1,226,713

						Circuit	Model	Model
			General		Funds				Restricted			Totals this
			(unrestricted)			Trust Fund (unrestricted)			Funds			year	Totals last year
1		OTHER RECEIPTS
		Minister's Council Tax Refunded										0	309
		Donations towards costs of HWS			140							140	0
		Charity Fundraising (from churches)							2	108		2,108	2,930
					140			0	2,108			2,248	3,239
		The charity fundraising and loan repayements		are not, by		their nature,		income ofthe			Circuit.
2		MINISTERIAL STAFF COSTS
		Salary (incl housing allowance)			29,054							29,054	27,847
		Employers Nl and Apprenticeship			2,941							2,941	2,843
		Ministers Pension			1,743							1,743	1,671
		Travel, Training &Retreat costs			2,344							2,344	2,119
		HMRC creditor 8/F			1,407							1,407	1,378
		HMRC creditor C/F			(1,431)							1431	(1,407)
					36,058						0	36,058	34,451
	3	ADMINISTRATION AND CIRCUIT OFFICE	COSTS
		Administration staff costs			8,225							8,225	7,016
		HMRC creditor C/F			(20)							(20)	0
		Office utilities and phone			1,008							1,008	563
		Administration and stationery			623							623	765
		Professional fees and Insurance			538			226				764	644
		Advertising and website			100							100	100
		Circuit equipment										0	134
		Other sundry expenses			655							655	512
					11,129			226			0	11,355	9,734
	4	GRANTS, DONATIONS &OTHER PAYMENTS
		District Levy (CMTF)					1,987					1,987	2,045
		Circuit Charity - Donation										0	2,000
		Circuit Charity - Church Fundraising								240		240	4,583
		Other Grants and Donations										0	2,090
		Restricted fund - transfer to beneficiary							1,096			1,096	1,098
		Paid on behalf ofCircuit Church										0	16
					0			0	1,336			3,323	11,832