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|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|
##
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##
||||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|