2023-08-31-accounts - Harrow And Hillingdon Methodist Circuit

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						2022
Comparadve year information		Notes	unrestricted	Restricted		Total
Year ended 31 August 2022 Incomln and Endowmen			funds 6	funds 6		fundsf
Charitable activities
Circuit assessment			479,878			479,878
Donations and lsgac/es
Donat/ons received			20			20
Grants received
Investment income and	interest
Investment income and interest		9	9,811			9,811
Rent from menses		10	50,450			50,450
Other
Leitings (Lighthouse Centre)			14952			14952
Income and Endowments			555 111			555111
~Ex e~nttu e~o
Charitable act/vities
D/rect mission and m/nistry		6a	288,492			288,492
Distr@Iassessment 5 levy		6b	90,524			90,524
Maintenance ofproperty		6c	70,208	3,378		73,586
Properly on rent costs		6d	11,876			11,876
Grants & donetrons (oulgorng)		6g	76,577		913	77,490
Depreciation				72,077		72,077
District Levy		6b	11,469			11,469
Circuit Administration		ae	101421			101421
Expo//dltufe			650567	76	368	726935
(Loss)/gain on investmenl	assets	12	23,815			23815
Net Income/(expenditure)			119271	76368		195839
Net Transfer between funds			225,293	(225,293)
Net movement in funds			106,022	(301,661)		(195,639)
Fund balances sl 1Sept 2021			611,806	8,305,334		8,917,140
Fund balances at31Aug	2022		717,828	8,003,673		8,721,501

								As restated	As restated	As restated	As restated
								2022	2022
		slotss	unrestricted	Restricted		2023		unrestnded	Reslricled		2022
			funds	funds				funds	funds
Fixed assets			E	E		E		E	E		E
Tangible fixed assets		13		8,290,848		6,290,846			6,362,923		6,362,923
Investments		14	340018	1 640	000	1	980018	355099	1640	000	1995099
			340018	7 930846		8,270 864		355,099	8,002,923		8358022
Current assets
Investments		14	204,791				204,791	205,223			205,223
Cash al bank and in hand			90,190		637		90.827	112,882	1,500		114,382
Short term deposits			tfig,rn				169771	172,931			172931
			464752		637		465 389	491036	1	500	492 536
Debtors and prepayments		15	36,180				36,180	49,163			49,163
			500932		637		601 669	540 199	1	500	541699
due vgtbtagg~ea
Creditors end accruals		16	83,318		137		83,455	78,033			78,783
Fund for Ministry in advance		8	91731				91731	99437			99437
			176049		137		176186	177,470		750	178220
Ret current assets			325883		500		326383	362 729			363479
Total assets less current
liabilities			665901	7931	346	8	697247	717828	8003	673	8721 501
Total net assets			666901	7931	346	8	597247	717828	8003	673	8721 501
ftccccuurrgglirtgftftrnds
Generalfunds		20	355,446				355,446	407,717			407,717
Designated Funds
Circuit Model Trust Funds		20	252,982				252,982	260,368			260,368
Properly Maintenance	Fund	20	33,609				33,509	27,509			27,509
Communication Fund		20	9,617				9,617	11,005			11,005
Lighthouse Cenae		20	12.801				12,801	9,584			9,584
Youth 8 Family Work	fund	20	1,646				1,646	1,645			1,645
Restricted Funds
Benevolent Fund		20			500		500			750	750
Freehold Manse Fund		20		1,878,256		1,878,256			1,878,256		1,878,256
Revaluation reserve		20		6052	590	6	052 590		6 124	667	6 124667
Accumulated Funds			665 901	7 931	346	8	597247	717828	8003	673	8721 501

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									As restated
							Notes	2023	2022
								6
Net cash		inflow/(outflow)		from Operating		Activities	19	(99,098)	(154,846)
Dividends,		interest, and		rents from investments				71,949	60,261
Net cash	provided		by (used		in) Investing	Activities		71,949	60,261
Change	in	the cash	and	cash equivalents				(27,149)	(94,585)
Cash and		cash equivalents			at the start ofthe
period								492,536	587,122
Cash and		cash equivalents			at the end ofthe
period								465,389	492,536

in total bel	ow and in note 17in	detail.
			2023	2022
Connexional	funds contdbutions	B/F	750	45
Contribution	received		12,401	11,043
Less: Amounts paid over			(13,151)	(10,338)
				750

OR THE YEAR EN	OR THE YEAR EN	DED 3	1AUGUST 2	023
Resources ex ended			Unrestricted	Restricted	2023	2022	2022
			funds	funds		Unrestricted	Restricted
						funds	funds
a. Direct mission and Minist
Stipends (including	allowances		193,383		193,383	185,471
&apprenticeship Levy)
National Insurance			18,181		18,181	17,440
Ministers' Pensions			50,706		50,706	46,627
Ministers' Pensions	—Deficit					21,000
contribution
Travel			4,119		4,119	3,602
Telephones			8,867		8,867	7,612
Conferences and training			3,218		3,218	4,135
Removal expenses			5,287		5,287
Relocation grant						600
Hospitality/Events			92		92	5
Total			283,853		283,853	288,492
b. District Assessment		8 Lev
DAF Contributions			10,124		10,124	11,469
District assessment			102,776		102,776	90,524
Total			112,900		112,900	101,993
c.Maintenance of	ro	e
Church Quinquennial			1,450		1,450	4,620
Inspections
Manse repairs (see	note	11)	42,932		42,932	34,444	3,378
Property insurance			10,911		10,911	9,951
Property water rates			2,100		2,100	1,992
Council tax			16,980		16,980	15,814
Other Utilities			4,492		4,492	3,387
Total			78,865		78,865	70,208	3,378
d. Rental costs
22 Belmont Road - management fees			3,156		3,156	3,024
147Pinner View - management fees			3,575		3,575	3,481
Manse Repairs (sse	note	11)	6,428		6,428	5,371
Total			13,159		13,159	11,876

	Resources ex	Resources ex	ended	Unrestricted	Restricted			2022	2022
6.	~dti 6			funds	funds	2023		Unrestricted	Restricted
								funds	funds
								E	E
	e.Circuit administration
	Printing, postage and			3,468		3,468		4,148
	stationery
	Circuit lay employee			81,2'I 0		81,210		72,413
	remuneration	(See note
	6f)
	Lighthouse Centre			906			906	601
	Expenses
	Vestry expenses			496			496	568
	IT			1,566		1,566		1,858
	Sundries			1,787		1,	787	1,892
	Audit fees			4,820		4,820		5,900
	Professional fees			1,290		1,290		12,134
	Investment management			880			880	912
	fees
	Bank charges			983			983	985
	Total			9?,406		97,406		101,421
	f.Circuit La	Em lo ee
	Remuneration		related
	costs
	Remuneration			73,908		73,908		65,184
	Pensions (ER)			1,751		1,751		2,639
	NIC (ER)			4,856		4,856		3,891
	Payroll fees			320			320	360
	Apprenticeship		Levy	375			375	339
	Total (in 6e above)			81,210		81,210		72,413

FO	R THE YEAR ENDED	R THE YEAR ENDED	31AUGUST	31AUGUST	2023
	Resources ex ended		Unrestricted		Restricted		2022	2022
6.	~dti d		funds		funds	2023	Unrestricted	Restricted
							fundsf	funds f
	g.Grants &Donations
	Donations
	Benevolent Giving				250	250
	Methodist Church	Fund	5,000			5,000	5,000
	Vine Home Worship						200
	Resources
	Bereavement Care			200		200	200
			5,200		250	5,450	5,400
	Grants
	Eastcote M.C							83
	Hayes M.C							83
	Hayes End M.C							83
	Kenton M.C.							83
	North Harrow M.C						768	83
	North Hillingdon M.C							83
	Northwood M.C							83
	Ruislip M.C.							83
	Ruislip Manor M,C.		5,500			5,500
	South Harrow M,C.		6,000			6,000		83
	Wealdstone M.C.						1,659	83
	Yiewsley M.C.		1,488			1,488	68,750	83
	Revd Dr LConradie		2,000			2,000
			14,988			14,988	71,177	913
	Total		20,188			20,438	76,577	913

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d in the total expenditure abov	d in the total expenditure abov	e are support	and governance	costs as follow	s:
Resources ex ended		Support	Governance	2023	2022
~ddt d		costs	costs	Unrestricted	Unrestricted
		8	6	8	f
District Assessment	& Levy	112,900		112,900	101,993
Maintenance ofproperty		78,865		78,865	70,208
Property on rent costs		13,159		13,159	11,876
Circuit administration		89,432	7,973	97,405	101,421
		294,356	7,973	302,329	285,498
Analysed between		294,356	7,973	302,329	285,498
Charitable activities

Circuit Assessment	Circuit Assessment	Circuit Assessment	2023 Unrestricted	2022 Unrestricted
				6
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	45,535
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

						2023	2022
Funds for Minist in Advance (Circuit Assessment)						Unrestricted f	Unrestricted 6
Cannon Lane MC						5,783	6,083
Christ Church URC-MC						1,950	1,950
Eastcote MC						1,790	1,990
Hayes MC						4,634	5,234
Hayes End MC						5187	5,087
Kenton MC						3,845	3,945
North Harrow MC						10,163	10,463
North Hillingdon	MC					2,552	2,853
Northwood MC						11,109	11,409
Pinner MC						10,310	10,610
Ruislip Ickenham	Road		MC			10,335	10,635
Ruislip Manor MC						2028	6,383
South Harrow MC						8,689	6,969
Trinity URC-MC						798	848
Wealdstone MC						11,195	11,495
Yiewsley MC						3,383	3,483
Total						91,731	99,437
						2023	2022
						Unrestricted	Unrestricted
						6	6
Funds for Ministry	in	Advance		B/F	*	99,437	99,437
Received dudng	year					472,173	479,878
Less: funds for Ministry			in Advance		C/F*	(91,731)	(99,437)
Circuit Assessment		(Note 7)				479,878	479,878

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Investment	e	Unrestricted	Restricted	2023	2022	2022
income		funds	funds		Unrestricted	Restricted
		F	F		f	E
Belmont Road		25,200		25,200	25,200
Pinner View		26,050		26,050	25,250
Total		51,250		51,250	50,450
~M" R		Unrestricted	Restricted	2023	2022	2022
		funds	funds		Unrestricted	Restricted
Manses housing	ministers	6		f	5
Fieldings		7,214		7,214	5,221
Kingsfield Avenue		15,682		15,682	3,272
Love Lane		1,895		1,895	4,274	3,378
Mount Pleasant		10,303		10,303	5,594
Sharps Lane		2,158		2,158	3,251
Stirling Road		777		777	1,627
ParkAvenue		1,900		1,900	300
Other Properties		3,003		3,003	10,905
Total		42,932		42,932	34,444	3,378
Rented manses
Belmont Road		2,776		2,776	4,278
Pinner View		3,652		3,652	1,093
Total		6,428		6,428	5,371

Loss /Gain	on		investments	Unrestricted	Restricted	2023	2022	2022
				funds	funds		Unrestricted	Restricted
				6			6	f
C F8 Managed		Mixed Fund		(15,080)		(15,080)	(23,815)
units
(Loss)/Gains	on		investments	(15,080)		(15,080)	(23,815)

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FOR TH	E YEAR EN	DED 31A	UGUST	2023
		Balance at
20.Funds		1 September 2022	Incoming resources	Resources expended	Transfers	Revaluation gains and losses	Balance at 31 August 2023
Unrestricted
General funds		396,248	544,362	(564,063)	(10,000)	(11,101)	355,446
Designated	Funds
Circuit Model Trust funds		271,837	7,465	(22,341)		(3,980)	252,982
Property Maintenance
funds*		27,509		(4,000)	10,000		33,509
Communication funds		11,005		(1,488)			9,517
Lighthouse	Centre funds	9,584	17,696	(14,478)			12,801
Youth and	Family Work
funds		1,645					1,645
Restricted	Funds
Freehold Manse funds		1,878,256					1,878,256
Benevolent	funds	750		(250)			500
Love Lane	Manse funds
Revaluation	reserve	6,124,667		72,077			6052590
		8,721,501	569,523	(678,698)		(15,080)	8,597,247