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2022-08-31-accounts

FOR THE Y E AR E NDED 31AUGUS T 202 2
2022 2021 2021 2021
Notes Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds funds Funds
Incomin
and Endowments		 from F 6
Charitable
activities
Circuit assessment 479,878 479,878 479,878 479,878
Donations
and legacies
Donations
received		 20 20 5,000 5,000
Grants received 10,000 10,000
Investment
income and		 interest
Investment
income and interest		 9 9,811 9,811 5,650 5,650
Rent from manses 10 50,450 50,450 44,100 44,100
Other
Lettings (Lighthouse
Centre}		 14952 14952 4,961 4,961
Income and Endowments 555111 555111 534,589 15,000 549,589
~Ex enditote
on
Charitable
activities
Direct mission and ministry 6a 288,492 288,492 261,405 261,405
District assessment
& levy		 6b 90,524 90,524 90,524 90,524
Maintenance
ofproperty		 6c 70,208 3,378 73,586 70,457 1,622 72,079
Property
on rent costs		 6d 11,876 11,876 15,599 15,599
Grants 8 donations
(outgoing)		 6g 76,577 913 77,490 23,524 3,652 27,176
Depreciation 72,077 72,077 46,606 46,606
District Levy 6b 11,469 11,469 12,371 12,371
Circuit Administration 6e 101421 101421 92,166 5,000 97,166
Expenditure 650 567 76 368 726 935 553,675 69,251 622,926
(Loss)/gain
on investment		 assets 12 23,815 23,815 43,258 219,200 262,458
Net Income/(expenditure) 119,271 76368 195639 24,172 164,949 189121
Net Transfer between
funds		 225,293 (225,293) 352 (352)
Other recognised
gains and
losses:
Gains on revaluation
ofcharitable
properties 1,480,515 1,480,515
Net movement
in funds		 106,022 (301,661) (195,639) 24,524 1,645,112 1,669,636
Fund balances at 1 Sept 2021 611,806 8,305,334 8,917,140 587,282 6,660,222 7,247,504
Fund balances at 31 Aug 2022 717,828 8,003,673 8,721,501 611,806 8,305,334 8,917,140

R THE YEAR ENDED 31AU R THE YEAR ENDED 31AU GUST 2 022
Comparative
year information		 Notes Unrestricted Restricted 2021
Year ended 31August 2021 funds funds funds
Incomin
and Endowments		 from
Charitable
activities
Circuit assessment 479,878 479,878
Donations
and legacies
Donations
received		 5,000 5,000
Grants received
Investment
Income and Interest		 10,000 10,000
Investment
income and interest		 5,650 5,650
Rent from manses 44,100 44,100
Other
Lettings
(Lighthouse
Centre)		 4,961 4,961
Income and Endowments 534,589 15,000 549,589
Charitable
activities
Direct mission
and ministry		 6a 261,405 261,405
District assessment 6b 90,524 90,524
Maintenance
ofproperty		 6c 70,457 1,622 72,079
Property
on rent costs		 6d 15,599 15,599
Grants 6g 23,524 3,652 27,176
Depreciation 6g 46,606 46,606
District Levy 6b 12,371 12,371
Circuit Administration 6e 92,166 5,000 97,166
Expenditure 553,675 69,251 622,926
Gain on investment
assets		 43,258 219,200 262,458
Net expenditure 24,172 164,949 189,121
Net Transfer between
funds		 352 (352}
Net movement
in funds		 24,524 1,645,112 1,669,636
Other recognised
gains and		 losses:
Gains on revaluation
ofcharitable
properties 1,480,515 1,480,515
Fund balances at 1 September 2020 587,282 6,660,222 7,247,504
Fund balances at 31August 2021 611,806 8,305,334 8,917,140

ASAT31 A UG UST 2 022
2021 2021
Notes Unrestricted Restricted 2022 Unrestricted Restricted 2021
funds funds funds funds
Fixed assets f
Tangible
fixed assets		 13 6,362,923 6,362,923 6,435,000 6,435,000
Investments 14 402,375 1,640,000 2,042,375 320,123 1,640,000 1,960,123
402,375 8,002,923 8,405,298 320,123 8,075,000 8,395,123
Current assets
Cash at bank and
in		 hand 112,882 1&500 114,382 103,910 5,191 109,101
Short term deposits 330,878 330,878 252,811 225,210 478,021
443,760 1,500 445,260 356,721 230,401 587,122
Debtors and prepayments 15 49,163 49,163 44,991 44,991
492,923 1,500 494,423 401,712 230,401 632,113
Creditors: amounts fallin
due within one
ear
Creditors
and accruals		 16 78,033 750 78,783 10,591 67 10,658
Fund for Ministry
in advance		 8 99437 99,437 99,437 99,437
177,470 750 178,220 110,028 110,095
Net current assets 315,453 750 316,203 291,684 230,334 522,018
Total assets less current
liabilities 717,828 8,003,673 8,721,501 611,806 8,305,334 8,917,140
Total net assets 717,828 8,003,673 8,721,501 611,806 8,305,334 8,917,140
Accumulated
funds
General funds 20 407,717 396,248 421,163 421,163
Designated
Funds
Circuit Model Trust Funds 20 260,368 271,837 131,655 131,655
Property Maintenance Fund 20 27,509 27,509 35,993 35,993
Communication
Fund		 20 11,005 11,005 12,774 12,774
Lighthouse
Centre		 20 9,584 9,584 8,576 8,576
Youth 8 Family Work fund 20 1,645 1,645 1,645 1,645
Restricted
Funds
Benevolent
Fund		 20 750 750 750 750
Freehold Manse Fund 20 1,878,256 1,878,256 2,103,466 2,103,466
Love Lane Manse Fund 20 3,378 3,378
District COVID-19 Fund 20 996 996
Revaluation
reserve		 20 6,124,667 6,124,667 6,196,744 6,196,744
Accumulated
Funds		 717,828 8,003,673 8 721 501 611,806 8,305,334 8,917,140

Notes 2022 2021
F
Net cash inflow/(outflow) from Operating Activities 19 (202,122) (83,640)
Sale proceeds
Purchase of property
Dividends, interest, and rents from investments 60,261 49,750
Purchase of Investments (3,927)
Net cash provided by (used in) Investing Activities 60,261 45,823
Change
in the cash		 and cash equivalents (141,862) (37,816)
11
Cash and cash equivalents at the start of the
period 587,122 624,938
Cash and cash equivalents at the end of the
peI loci 445,260 587,122

2022 2021
Connexional funds contributions B/F 45 12
Contribution received 11,043 13,485
Less: Amounts
paid over		 (10,338) (13,452)
750

OR THE YEAR EN OR THE YEAR EN OR THE YEAR EN DED 3 1AUGUST 2 022
Resources ex ended Unrestricted Restricted 2022 2021 2021
funds funds Unrestricted Restricted
funds funds
a. Direct mission and Ilinist
Stipends
(including		 allowances 185,471 185,471 184,672
&apprenticeship
Levy)
National
Insurance		 17,440 17,44Q 16,853
Ministers'
Pensions		 48,627 48,627 48,061
Ministers'
Pensions		 —Deficit 21,000 21,000
contribution
Travel 3,602 3,602 2,427
Telephones 7,612 7,612 7,278
Conferences
and training		 4,135 4,135 424
Removal expenses 1,082
Relocation
grant		 600 600 600
Hospitality/Events 5 5 8
Health Fees
Total 288,492 288,492 261,405
b. District Assessment 8 Lev
DAF Contributions 11,469 11,469 12,371
District assessment 90,524 90,524 90,524
Total 101,993 101,993 90,524 12,371
c.Maintenance
of		 ro ert
Church
Quinquennial		 4,620 4,620 2,772
Inspections
Manse repairs (see note 11) 34,444 3,378 37,822 35,315 1,622
Property
insurance		 9,951 9,951 9,472
Property water rates 1,992 1,992 2,509
Council tax 15,814 15,814 16,798
Other Utilities 3,387 3,387 1,473
Mission centre set up 2,118
Total 70,2Q8 3,378 73,586 70,457 1,622
d. Rental costs
22 Belmont Road - management 3,024 3,024 3,525
fees
147 Pinner View - management 3,481 3,481 3,525
fees
Manse Repairs (see note 11) 5,371 5,371 8,549
Total 11,876 11,876 15,599

R THE YEAR ENDED 31AUGUST 31AUGUST 2022
Resources ex ended Unrestricted Restricted 2021 2021
funds funds 2022 Unrestricted Restricted
funds funds
F
e.Circuit administration
Benevolent
giving
Printing,
postage and		 4,148 4,148 5,322
stationery
Circuit lay employee 72,413 72,413 74,046 5,000
remuneration
(See note
6f)
Lighthouse
Centre		 601 601 1,108
Expenses
Vestry expenses 568 568 1,191
IT 1,868 1,868
Sundries 1,892 1,892 2,838
Audit fees 5,900 5,900 4,800
Professional
fees		 12,134 12,134 1,752
Investment
management		 912 912 1,109
fees
Bank charges 985 985
Total 101,421 101,421 92,166 5,000
f.Circuit La
Em
lo ee
Remuneration
related
costs
Circuit Lay Employee 65,184 65,184 65,788 5,000
Remuneration
Circuit Lay Pensions 2,639 2,639 3,365
(ER)
Circuit Lay NIC (ER) 3,891 3,891 4,217
Circuit Lay Employee 360 360 320
payroll fees
Circuit Lay Employee 339 339 356
Apprenticeship
Levy
Total (in 6eabove) 72,413 72,413 74,046 5,000

R THE YEAR ENDED 31AUGUST 2022
Resources ex ended Unrestricted Restricted 2021 2021
funds funds 2022 Unrestricted Restricted
funds funds
F
g. Grants &Donations
Methodist
Church
Fund		 5,000 5,000 5,000
Vine Home Worship 200 200
Resources
Harlesden
M.C.		 2,500
Bereavement
Care		 200 200 200
Cannon
Lane M.C
Eastcote M.C 83 83 2,000 332
Hayes M.C 83 83 6,000 332
Hayes End M.C 83 83 2,000 332
Kenton
M.C.		 &3 83 2,000 332
North
Harrow
M.C		 768 83 851 3,000 332
North
Hillingdon
M.C		 83 83 332
Northwood
M.C		 83 83 332
Pinner M.C. 824
Ruislip M.C. 83 83 332
Ruislip Manor M.C.
South Harrow
M.C.		 83 83 332
Wealdstone
M.C.		 1„659 83 1,742 332
Yiewsley
M.C.		 68,750 83 68,833 332
Total 76,577 913 77,490 23,524 3,652
Resources ex ended Unrestricted Restricted 2021 2021
funds funds 2022 Unrestricted Restricted
funds funds
F
Depreciation (see note 13) 72,077 72,077 46,606
Total expenditure 650,567 76,368 726,935 553,675 69,251

nclud ed
in the total expenditure
ab		 ove are support
a		 nd governance costs as follow s:
6. Resources ex ended Support Governance 2022 2021
Continued costs costs Unrestricted Unrestricted
District Assessment 101,993 101,993 90,524
Maintenance
of property		 70,208 70,208 70,457
Property
on rent costs		 11„876 11,876 15,599
Circuit administration 82,475 18,946 101,421 92,166
266,552 18,946 285,498 268,746
Analysed
between		 266,552 18,946 285,498 268,746
Charitable
activities
Circuit Assessment 2022
Unrestricted		 2021
Unrestricted
Contributin
Church
Cannon
Lane MC		 24,331 24,331
Christ Church
URC-MC		 7,800 7,800
Eastcote MC 23,880 23,880
Hayes MC 20,935 20,935
Hayes End MC 20,350 20,350
Kenton MC 47,340 47,340
North Harrow
MC		 41,854 41,854
North
Hillingdon
MC		 11,410 11,410
Northwood
MC		 45,635 45,635
Pinner MC 42,442 42,442
Ruislip Ickenham
Road MC		 42,538 42,538
Ruislip Manor MC 25,530 25,530
South Harrow
MC		 27,875 27,875
Trinity URC-MC 10,180 10,180
Wealdstone
MC		 45,980 45,980
Yiewsley
MC		 41,798 41,798
Total 479,878 479,878

O R THE YEAR E N DE D 31 AU GUST 2022
2022 2021
8. Funds for Minist in Advance Unrestricted Unrestricted
(Circuit Assessment)
Gannon
Lane MC		 6,083 6,083
Christ Church
URC-MC		 1,950 1,950
Eastcote MC 1,990 1,990
Hayes MC 5,234 5,234
Hayes End MC 5,087 5,087
Kenton MC 3,945 3,945
North
Harrow
MC		 10,463 10,463
North
Hillingdon
MC		 2,853 2,853
Northwood
MC		 11,409 11,409
Pinner
MC		 10,610 10,610
Ruislip Ickenham Road MC 10,635 10,635
Ruislip Manor MC 6,383 6,383
South Harrow
MC		 6,969 6,969
Trinity URC-MC 848 848
Wealdstone
MC		 11,495 11,495
Yiewsley
MC		 3„483 3,483
Total 99,437 99,437
2022 2021
Unrestricted Unrestricted
Funds for Ministry in Advance B/F * 99,437 99,437
Received during year 479,878 479,878
Less: funds for Ministry in Advance C/F* (99,437) (99,437)
Circuit Assessment (Note 7) 479,878 479,878
Investment Investment and Interest Unrestricted Restricted 2022 2021 2021
9. Income funds funds Unrestricted Restricted
F
Dividend Income 8,173 8,173 4,346
Interest Income 1,638 1,638 1,304
9,811 9,811 5,650

10. Investment ro ert Unrestricted Restricted 2022 2021 2021
income funds funds unrestricted Restricted
Belmont Road 25,200 25,200 18,900
Pinner View 25,250 25,250 25,200
Total 50„450 50,450 44,100
Unrestricted Restricted 2022 2021 2021
funds funds Unrestricted Restricted
Manses housing ministers
Belmont Road 3,315
Fieldings 5,221 5,221 11,340
Kingsfield
Avenue		 3,272 3272 727
Love Lane 4,274 3,378 7,652 1,550 1,622
Mount Pleasant 5,594 5,594 2,176
Pinner View
Sharps Lane 3,251 3,251 3,571
Stirling Road 1,627 1,627 2,364
Park Avenue 300 300 3,802
Other Properties 10,905 10,905 6,470
Total 34,444 3,378 37,822 35,315 1,622
Rented manses
Belmont Road 4,278 4,278 2,535
Pinner View 1,093 1,093 6,014
Total 5„371 5,371 8,549
12 Loss /Gain on Investments on Investments Unrestricted Restricted 2022 2021 2021
funds funds Unrestricted Restricted
f
C F BManaged Mixed Fund (23,815) (23,815) 43,258
units
Revaluation of properties 219,200
(Loss)/Gains on investments (23,815) (23,815) 43,258 219,200

13. Tan
ible fixed assets		 Freehold
Land and
Buildings
Restricted
Funds
Cost 8 valuation
At 1 September 2021 6,435,000
Addition
At 31 August 2022 6,435,000
Depreciation
At 1 September 2021
Charge for the year 72,077
At 31 August 2022 72,077
Net Book Value
At 31August 2022 6,362,923
At 31August 2021 6,435,000

14. Investments Investments Unrestricted Restricted Total 2021 2021
funds funds 2022 Unrestricted Restricted
funds funds
E
Market Value 1 September 320,123 1,640,000 1,960,123 272,938 568,320
2021
Additions 106,067 106,067 3,927
Transfer of investment 852,480
property at NBV
(Loss)/Gain on Investments (23,815) (23,815) 43,258 219,200
Market Value 31August 402,375 1,640,000 2,042,375 320,123 1,640,000
2022
Debtors and Unrestricted Restricted 2022 2021 2021
funds funds Unrestricted Restricted
CPF /District Levy
Stipends in advance 21,837 21,837 20,804
Resources Subscription in 440 440 485
advance
Council tax in advance 1,203 1,203
Sundry debtors 25,683 25,683 23,702
Total 49,163 49,163 44,991
Creditors and accruals Unrestricted Restricted 2022 2021 2021
funds funds Unrestricted Restricted
16. funds funds
Sundry creditors 78,033 750 78,783 10,591 67
Total 78,033 750 78,783 10,591 67
FOR THE YEAR THE YEAR ENDE D 31AU GUST 20 22
17. Connexional funds Home World Other Methodist 2022 2021
contributions Mission Mission Funds Ch. Fund
Church:
Circuit* 53 53
Cannon
Lane		 M C 800 1,050 1,850 1,050
Christ Church URC-
MC
Eastcote M C 800
Hayes
M C		 250
Hayes End M C 750 750 500
Northwood M C 500 500
Pinner
M C
Ruislip
M C		 5,000 5,000 4,900
Ruislip Manor M C 3,000
South Harrow M C 390 390 485
Wealdstone M C 2,500 2,500 2,500
Yiewsley
M		 C
1,243 9,800 11,043 13,485

FOR THE YEAR ENDED 3 THE YEAR ENDED 3 1AUGUST 1AUGUST 2022
18. Anal sis of net assets Unrestricted Restricted Restricted Total
between funds funds Advance Manses funds
funds
Tangible
fixed assets		 402,375 8,002,923 8,405,298
Net current assets 315,453 750 316,203
Total 717,828 750 8,002,923 8,721,501
19. Cash
enerated
from		 2022 2021
~oeretione
Surplus
/ (Deficit) for		 the (195,639) 189,121
year
Adjustment
for:
Investment
income recognised		 in
statement
offinancial		 activities (60,261) (49,750)
investment
additions		 (106,067)
Depreciation 72,077 46,606
Gains on disposal
of		 fixed assets
Revaluation
of investments		 23,815 (262,458)
Movement
in working		 capital
Decrease/(increase) in debtors (4,172) 842
(Decrease)/increase in creditors 68,125 (8,001)
Cash (absorbed
by)/generated		 from (202,122) (83,640)
operations

OR THE YEAR EN DED 31A UGUST 2 022
20.Funds Balance at
1
September
2021		 Incoming
resources		 Resources
expended		 Transfers Revaluation
gains and
losses		 Balance at 31
August 2022
Unrestricted
General funds 421,163 537,886 (545,279) (17,522) 396,248
Designated
Funds
Circuit Model Trust funds 131,655 2,253 (80,988) 225,210 (6,293) 271,837
Property
Maintenance
funds* 35,993 (8,484) 27,509
Communication
funds		 12,774 (1,769) 11,005
Lighthouse
Centre funds		 8,576 14,972 (14,047) 83 9,584
Youth and Family Work
funds 1,645 1,645
Restricted
Funds
District Covid - 19funds 996 (913) (83)
Staff funds
Freehold
Manse funds		 2,103,466 (225,210) 1,878,256
Benevolent
funds		 750 750
Love Lane Manse funds 3,378 (3,378)
Revaluation
reserve		 6,196,744 72,077 6,124,667
8,917,140 555,111 (726,935) (23,815) 8,721,501