2022-08-31-accounts - Canterbury And East Kent Methodist Circuit

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				Statement of Financi	Statement of Financi	a I Activities	(SOFA)	for the	year ended 31August 2022	year ended 31August 2022	year ended 31August 2022
						Unrestricted		Funds		Restricted	IEEndowment
											Furids
												o	Total	Tote I
					50Z	o v IO			oi si	e		E	2021-22	2020-21
									CI
1	Donations and legacies
2	Income from monetary	investments				149		707		162		1,159	2,178	1,290
3	Income from investment	properties				12,600							12,600	12,600
4	Assessments on Churches					277,779							277,779	398,597
5	Capital Receipts						174,386						174,386	290,679
6	Grants received					10,000							10,000	13,691
7	Othercharitableincome					60,171							60,171	81,222
8	Total income					360,700	175,092			162		1,159	537,113	798,079
9	Grants and donations				8	55,12D						613	55,734	55,535
10	Salanes and associated	costs			9	305,098							305,098	336,579
11	Property				10	60,911							60,911	47,198
12	Office expenses				11	17,245		624		46		326	18,241	18,823
13	District Assessment &Levy				12	75,440	8,449						83,890	77,249
14	Depreoation					828							828	828
15	Other outgoings				13	4,209							4,209	4,252
16	Totalcharitable expenditure					518,852	9,073			46		940	528,912	540,464
17	Net Income before investment			gains/loaves		(158,153)	166,019			116		219	8,201	257,615
19	Gains/(losses) on monetary		investments		14			(44)		(28D)		(1,992)	(2,315)	5,732
20
	Gains/(losses) on property		disposals/revaluations		15	109,831							109,831	212,073
21	Net incoming/(outgoing)	resources before transfers				(48,322)	165,975			(164)		(1,773)	115,717	475,420
22	Transfers between funds					150,003	(150,000)				(3)		(0)
23	Reclassification offunds				16									(460,000)
24	Other gains/(losses)
						101,681	15,975			(167)		(1,773)	115,717	15,420
26	Total funds brought forward					2,265,717	218,979			16,D34		114,670	2,615,400	2,599,980
						2867,398	234,954			15,867		112,897	2,731,117	2,615,400

										Restdicted	Ih Endowment	Ih Endowment
						Unrestdicted		Funds
											Fvncls
									'ul	Vl			Total 2022	Totals 2021
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Fixed Assets
Circuit Menses &Equipment				851	1,881,515								1,881,515	1,791,043
Investment properties				851	381,882								38'1,882	363,351
Investments				852				656		4,176		29,720	34,551	36,862
		Totoidxed	assets		2,263	397		656		4,176		29,720	2,297,948	2,191,256
Current Assets
Debtors				853	118,350								118,350	174,163
Loans bytheOrcuit
Investments with TMCP							234,293			11,693		S3,'178	329,169	312,821
Central Fmance Board		Deposits		854	53,708								53,708	33993
Cash at Bank and in	hand				20,446								20,446	8,298
		TotoIcurrent	assets		192,504		234,298			11,693		83,178	521,672	529,28D
Current liabiTrties
creddors (due in under 1year)				855	88,504								88,504	105,136
Grants payable within		2022 23
	Total current Imbgities				88,504							0	88,504	105,136
Net current essew/Clio bilities)					104,001		234,298			11,693		83,178	433,169	424,144
Total assets		less current liabilities			2,367,398		234,954			15,867		112,898	2,731,117	2,615,400
Long term l ab lities			(due
after more than one year)
Grants payable a*er2022-23
Loans to the C rcu t
		Net	assets		2,367,398		234,954			15,867		112,898	2,731,117	2,615,400
Funds ofthe Circuit
General Fund (Unrestncted)				356.1	2,367,398
Circuit Model Trust	Fund (unrestricted)			856.2
							234,954
Designated Funds (unrestncted)
Total Unrestricted			Funds										2,602,351	2,484,696
Restncted Funds				857						15,867			15,867	16,034
Endowment Funds				857								112,898	112,898	114,670
		TotolFulids			2,367,398		234,954			15,867		112,898	2,731,117	2,615,400

			General	CMTF	Desig	Restricted	Total	2021
Letting Income:
80 Linden Avenue,	Herne Bay		12,600				12,600	12,600
		Totals	12,600	0	0	0	12,600	12,600

		Church		General		Total	2021
St.Peters Canterbury				95,484		95,484	95,488
Challock				2,916		2,916	2,913
Faversham				22,164		22,164	22,158
Old Wives	Lees			902		902	2,798
St.Johns				36,000		36,000	36,000
Marshside				3,404		3,404	2,549
Herne Bay				21,912		21,912	21,907
Birchington				9,444		9,444	9,447
Garlinge				13,572		13,572	13,569
Margate				13,200		13,200	13,200
Hardres Street				33,288		33,288	33,288
Broadstairs				21,996		21,996	20,000
Monkton				2,124		2,124	2,120
Dea I				26,148		26,148	26,148
Dover-Beacon				34,104		34,104	34,104
River				40,908		40,908	40,908
Sturry				20,004		20,004	20,000
Whitsable	-	URC		800		800
Assessments		written off		(120,591)		(120,591)
			Totals	277,779	0	277,779	396,597

		CMTF	Total	2021
Gross sale proceeds		266,000	266,000	460,000
COF Levy on Property Sales		(76,257)	(76,257)	(160,486)
Selling Agents fees		(9,996)	(9,996)	(4,690)
Legalfees		(2,866)	(2,866)	(2,597)
Surveyors fees		(2,495)	(2,495)	(1,547)
	Totals	174,386	174,386	290,680

Circuit	Mission Enabler	Mission Enabler		General	Total	2021
District advance - Deacon				10,000	10,000	10,000
Government	rants-furlou	h				3691
			Totals	10,000	10,000	13,691

			General	Total	2021
Payments for salanes:
		St.Peter' s	15,813	15,813	21,806
		Whitstable	19,059	19,059	18,263
		Ramsgate	16,746	16,746	14,554
		Margate	1,150	1,150	26,314
Misc			375	375	285
Than et circuit residua	I	funds
Donations			7,029	7,029
		Totals	60,171	60,171	81,222

8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations	8 Grants &Donations
Grants and donations as hsted below were agreed and/or made dunng the year. Where a grant has been made from the Circuit Model Trust Fund, Restricted or Endowment Funds and the grant monies are for use within the Circuit they are treated as a transfer between Funds. The tables below (one for each fund type) detail the new grants agreed and paid over this year, this years meta lment ofgrants agreed in prior years and the future instalments ofgrants to be paid.
						This Year New								General
	Grantee Donee				Agreed	Paid External		Paid Internal Tfr		Carried forward	Unpaid b/fwd	Pied this year Ext	Paid Internal Tfr	Carried forward	Total Paid Ext	Tote I Paid Int Tfr
United Reformed		Church										51,1,20			51,120
Crosslinks												4,000			4,000
				Tata Is							0	55,120			55,120
					This Year New								Circuit	Model Trust
	Grantee Donee				Agreed	Paid External	Paid internal Tfr			Carriied forward	Unpaid b/fwd	Pied this year Ext	Paid Internal Tfr	Carried forward	Total Paid Ext	Tote I Paid Int Tfr
				Tote Is
					This Year New								Designated
	Grantee	Donee			Agreed	Paid External	Paid Internal Tfr			Carried forward	Unpaid b/fwd	Pied this year Ext	Paid Internal Tfr	Carried forward	Tote I Paid Ext	Total Paid int Tfr
				ToteIs
					This Year New								Restricted
	Grantee	Donee			Agreed	Paid External	Paid Internal Tfr			Carried forward	Unpaid b/fwd	Pied this year Ext	Paid Internal Tfr	Carried forward	Tote I Paid Ext	Tote I Paid int Tfr
Circuit Churches
			Deal	&Dover
				ToteIs
					This Year New								Endowment
	Grantee	Donee			Agreed	Paid External	Paid Internal Tfr		Carried forward		Unpaid b/fwd	Pied this year Ext	Paid Internal Tfr	Carried forward	Tote I Paid Ext	Tote I Paid Int Tfr
Circuit Churches
			Deal &Dover										613			613
				Totals									613			613

			Full Time
Ministers	and	Deacons	(7)	Part lime	General	CMTF	Desig		Restricted		Endow		Tote I
Stipends			167,571		167,571								167,571
Pension	Fund	Contribution	41,225		41,225								41,225
National	Insurance		14,891		14,891								14,891
Travel			11,785		11,785								11,785
App Levy			1,141		1,141								1,141
Costs			576		576								576
			237,190		237,190								237,190
Iayworkers			Full Time (7)	Part Time	General	CMTF	Desig		Restricted		Endow		Total
Salary			49,958		49,958								49,958
Pension	Fund	Contnbution	1,551		1,551								1,551
National	Insurance		1,258		1,258								1,258
			52,767		52,767								52,767
Administration		Staff	Full Time (1)	Part Time	General	CMTF	Desig		Restricted		Endow		Tote I
Salary			13,643		13,643								13,643
Pension	Fund	Contribution	819		819								819
National	Insurance		680		680								680
			15,141		15,141								15,141
Stipends	&Salaries Totals				305,098	0		0		0		0	305,098

Stipends and Salaries	Stipends and Salaries	an	d Associated Costs Cont.	d Associated Costs Cont.	.
Cost ofSuperintendent,			Presbyters and Trustees
The Superintendent	ofthe Circuit, the			other Presbyters		and the	remaming	members ofthe CLT are		considered
as Key Management	Personnel. The Superintendent				chairs meetings ofthe CLTand Circuit Meetings. The
members ofthe Circuit		Meeting are the trustees ofthe				Circuit. The stipends, employer's			NIC and employer's
pension contributions		and other expenses ofthe Presbyters ofthe Circuit are paid by the							Circuit.
The manses are provided			by the Grcuit	and the Circuit		maintains	the property. The value		ofthe Council		Tax and
water charges paid by		the Circuit is not		disclosed here as HMRC does not regard the as a					benefit-in-kind		in the
hands ofthe minister.
Each Presbyter in entitled			to a 3 month	sabatical every		5years and the expenses incurred			by the Presbyter are
met by the Connexion		with the Circuit		continuing to pay the stipend. There				have been no	sabatical	during the
year.
Payments to trustees
Fees and Expenses	paid		to Circuit Trustees during		the period 1 September			2021 to 31 August 2022
			Expenses		Travelling
			incurred	and	expenses
Trustee			reimbursed		reimbursed			Fees Paid
Rev EAggrey-Ogoe				109		1,857
Rev C Wagstaff				101		1,376
Rev T Nicholls				1,178		1,342
Rev W Hampton				71		1,248
Rev M Cooper				133		603
Deacon J Everingham				54		2,348
Deacon M Lugumi				127		851
Mr M Baybutt				90		361
Ms L Beverton				100
Mr N Dobson				567
Mrs T Yates				72		33
Ms C Barker				103
Totals			2,705			10,019					12,724

Manses
			General	CMTF	Desig		Restdicted	Endow	Total
CouncilTax			24,766						24,766
Water charges			3,956						3,956
Insurance			6,856						6,856
Light and heat			316						316
Repairs			18,105						18,105
Whitstable URC			5,400						5,400
		Totals	59,399					0	59,399
Letting Expenses
			General	CMTF	Desig		Restricted	Endow	Total
Agents fees			1,512						1,512
		Totals	1,512						1,512
Other property expenses
			General	CMTF	Desig		Restffcted	Endow	Total
		Totals
Property Totals			60,911	0		0	0	0	60,911
Office &Administration	cocts
			General	CMTF	Desig		Restricted	Endow	Total
Printing, postage and stationery			1,607						1,607
Telephone			3,684						3,684
Bank charges			93						93
Computer costs			1,320						1,320
Office expenses			2,958						2,958
Professional services			3,385						3,385
Independent examiners fee			4,200						4,200
TMCP admin/investment	fees			624			46	326	996
		Totals	17,245	624			46	326	18,241

					Notes	Notes	to the financial	to the financial	statements	statements	for	the year	the year	ending 31August 2022	ending 31August 2022	ending 31August 2022
851	Menses	&Other Property
	Buildings compdises of 6 menses				located	m Canterbury,		Faversham,		Whitstabie,			Deal. Dover and		Thanet.	Buildings also include a
	church loacated in Faversham			(Whitehigh
	Investment property is 1 manse				located	in Herne Bay
	1.1Cost	orvaluation
														Plant,	Fixtures
					Investment Properties				Land		Buildings			machinery and motor vehicles	fittings and equipment			Assets under construction	Tote I
	6alance	brought	forward			363,351					1,790,215					8,905		0	1,799,120
	Additions	in the	year
	Revaluations						18,531					91,300							91,300
	Less: Disposals		in the year
	transfers	between categories
	Balance	cardied	forward			381,882					1,881,515					8,905		0	1,890,420
	1.2Accumulated depreciation			and
	impairment provisions
					Basis				N/A		N/A			N/A	SL
					Rate										3 years
	Balance	brought	forward													8,077			8,077
	Depreciation charge for the year																828		828
	Impairment provisions
	Revaluations
	Disposals
	Transfers
	Balance	carried	forward													8,905			8,905
	1.2 Net book value
	Balance	brought	forward			363,351				0	1,790,215				0		828	0	1,791,043
	Balance	carried	forward			381,882				0	1,881,515				0		0	0	1,881,515
											Property				Type			Value
								79Preston		Park					Manse			325,311
								235outh Canterbury				Road			Manse			411,317
								80 Linden Avenue							Investment			381,882
								22 Higview		Road					Manse			311,165
								89a Ramsgate			Road				Manse			484,078
	Schedule	of Menses, Investment			property &			23 Riverdale							Manse			349,644
	Churches	Closed for Worship
																		2,263,397

	Names ofrelated parties	Names ofrelated parties	Party
JAM			Connexion
The Methodist	Church	Fund	Connexion
Mission in Britain			Connexion
Presbyters &Deacons		Fund	Connexion
Property Fund			Connexion
World Mission	Fund		Connexion