2020-08-31-accounts - Hull (Centre And West) Methodist Circuit

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Yorkshire	North KEast District District No I Circuit No	29137
lainisters	Rev A Rigby-Jones (Superintendent)
	Rev till Asiedu
	Rev Dr l Ballard (left 31August 2020)
	Rev R Barlow
	Rev D Button (left 31August 2020)
	Rev LHaynes (from 1 September 2020)
	Rev DSpairs
	Rev AStead
Circuit Stewards	Mrs S Green (Senior)
	Mr D Rennie
	Mrs SVince
	Mrs SWeatherall
	Mr GWoolley
Circuit Treasurer	Mr M Lucas

										Hull (Centre	and	West) Circuit
							Balance Sheet asat31August		2020
							Uniestricted	Circuit Model	Restncted	Endowment		Totals \his	Totals last year
								Trust Fund		Funds		year
								(Unrestricted)
								f
Tangible Fixed Assets*
						Notes
land 8Buildings						10	2,237,100						2,416,006
Equipment						10	572					572	672
Investment	properties
Investments								8,403		2,305		10,708	10,901
			Totalfixed assets				2,237,672	8,403	0	2,305		2,248,380	2,427,579
Current Assets
Debtors and	Prepayments					12	22,193					22,193	19,266
Other
Trustees for Methodist				Church
I'urposes	deposits							398,078		580		398,658	186,646
Central Finance Board				Deposits			317,587	(97,348)				220,239	310,835
Cash at Bank and in hand							43,222		9,044			52,266	23232
		Total current ossets					383,002	300,730	9,044			693,356	539,979
re itorsan	ccrua			dueinun	er
							74,100	0	0		0	74,100	91,205
Net current	assets (liabilities)						308,902	300,730	9,044	580		619,256	448,774
Total assets	less current			liabilities			2,546,574	309,133	9,044	2,885		2,867,636	2,876,353
loans and creditors		due		aBer1year				0	0		0	0
Provisions for liabiTities			and charges
							2,546,574	309,133	9,044	2,885		2,867,636	2,876,353
Funds ofthe Circuit
Unrestricted	funds						2,546,574					2,546,574	2,738,636
Circuit Model Trust		Fund (Unrestricted)						309,133				309,133	134,588
Restdicted funds												9,044
Endowment	funds									2,885		2,885	2,881
				Total Funds			2,546,574	309,133	9,044	2,885		2,867,636	2,876,353

YEAR ENDED 31AUGUST 2020	YEAR ENDED 31AUGUST 2020
				2020		2019
Cash flows from operating	activities:
Net (expenditure)/income
for the year ended 31August 2020					(8,716)		(76,829)
Adjustments for:
Depreciation charges				736		1,144
Loss/(Gain) on investments				192		(134)
(Gain)/Loss on sale of property				(36,998)		12,890
(Increase)/decrease in debtors				(2,927)		(2,621)
(Decrease)/increase in creditors				(17,105)	(56,102)	{1,438)	9,841
Net cash (used)/provided	by operating		activities		(64,818)		(66,988)
Cash flows from investing	activities:
Sale/(purchase) ofproperty				215,903		(167,500)
(Purchase) ofequipment				(636)	215,267	0	(167,500)
Change in cash and cash equivalents		in	the year		150,449		(234,488)
Cash and cash equivalents	at1September 2019				520,713		755,201
Cash and cash equivalents	at31August		2020		671,162		520,713

Hull (Centre and	West) Circuit
Notes tothe Accounts
1Basis ofaccounting
The financial statements have been prepared under the Chaiities Act 2011 in accordance with the 2014version ofAccounting	and Reporting	by charities:
Statement ofRecommended practice (SORP)applicable to charities preparing their acmunts in accordance with the Financial	Reporting Standard for Smaller
Entities applicable in the UK (effective from 1)anuary 2015)—the Chafities SORP (FRSSE)—in replacement forthe SORP's 2005version specified in its related 200g Regulations and in acmrdance with the 'true and fair override' provision contained therein. "
2Funds
The funds held consfitutei General Funds held for any purpose ofthe Circuit which are Unrestricted. The Circuit Model Trust Sanding Orders and iscategorised as unrestncted. Restriksed funds which are held for a narrower purpose. There is also an material fund are disclosed in the final note tothese accounts. Any funds may be represented by more than just orsh.	Fund has wide purposes Endowment fund. Details		defined ofeach		in
3Accounting policies
Basis
These accounts have been prepared on the basis of historical costexcept that investments are shown at their market value at the end ofthe year, on the
aecruals basis to show a true and fair view ofthe Cir«uit's finandel position and activities.
Income Recognition Income is induded in the statement ofFinandal Activities (SOFA) when the Circuit becomes entitled tothe resources, and the trustees are		reasonably	certain
they will receive the resources; and the monetary value can be measured with sufficient reliability.
Resources Expended This is remgnised when a liability is incurred, or a constructive obligation adises, that results in the payment being unavoidable. Liabilities are recognised as soon as an outflow ofeconomic benefit isconsidered more likely than not under the legal or constructive obligation commining the Greeit to pay out
resources.
Grants Grants made by the Circuit from its own funds are recognised in full when the Circuit accepts that there is a legal or operational obligation		to make the
payment.
VAT Since the Circuit isnot VAT registered, a0 inp..:VAT ischarged with the expenses to which it refers.
Tangible fixed assets for use by the Circuit
These are capitalised ifthey can be used for more than one year. The freehold propeny is s,.own in the acmunts at2015deemed values using the buildings insurance value atthat date or cost ifpurchased subsequently. No depredation is provided on the buildings bemuse the trustees consider the current residual fair value (on the assumption that they had reached Lhe end of their useful economic life by the year-end) tobe not less than their current value. Any depreciation would not be material. The properties have been reviewed
for impairment.
investment Properties Investment properties - no property is currently deemed to not be held forthe long term purposes ofthe charity.
Investments
Investments are valued in the balance sheet at market value atthe year end. Investment income is included in the accounts when receivable and any gains				or
losses on revaluation atthe year end are shown in the SOFA
Debtors and Prepayments
Debtors comprise amounu owed tothe Grcuit and also indude the prepayment ofthe September stipend in August.
Creditors
Creditors indude sundry expenses owing and also the 1stquarter assessment received in August.

4.Donations	and legacies	and legacies	Unrestricted	Circuit Model Trust Fund f	Restricted f	2020 Total f	2019 Totalf
Donations						0	13,540
Grants received					33,000	33,000	38,900
Total					0	33,000	52,4)0
5.Charitable	activities	—other	Unrestricted	Circuit Model Trust Fund	Restricted	2020 Total	2019 Total
				f		f	f
Lettings from	non-investment
properties			19,545			19,545	17,749
Total			19,545		0	19,545	17,749
6.Investment	income		Unrestricted	Circuit Model Trust Fund	Endowment	2020 Totalf	2019 Total f.
Central Finance Board			1,721			1,721	2,116
TMCP			187	1,960	45	2,192	3,266
Total			1,908	1,960	45	3,913	5,382

								Hull {Centre and West) Greeit	Hull {Centre and West) Greeit
Notes tothe Accounts (continued)
									2020	2019
7.Payment toTrustees									Total	Total
t 1	i	*		'	*	i	( b
Number oftrustees who were paid	expenses
Nature ofthe expenses
Reimbursement oftravel, postage,	stafiionery,				gift vouchers and entertainin
Total amount paid								f.	1,004	1,155
8.Feesfor examination oraudit ofthe accounts
Independent examiner's orauditors' fees for Other fees (eg advice, accountancy services)				reporting on the accounts paid to the independent examiner				E f	1,320 0	1,200 0
9.Stipends, saladies, NIC and pension	costs
Stipends were paid to6 full-time Iylinisters Stipends Employer's National Insurance costs Pension costs			(2018-19i5) and the costs				were:		152,587 13,843 40,111	120,840 10,668 32,506
Apprenticeship levy Total ministerial remuneration									637 207,178	822 164,836
The Grcuit also employs full and part-time Gross salary Employer's National Insurance costs Pension costs			lay staff and the costs were;						38,266 1,839 1,233	47,520 2,398 1,795
Apprenticeship levy Total lay staff remuneration									621 41,959	663 52,376
Total stipends, salaries, NIC and pension		costs						E	249,137	217,212
Average number offull-time equivalent		lay	employees			inthe year were:

				Fixtures,	fittings
		Manses f	Other buildings f	and equipment f		Total f
Balance brought forward		1,916,572	499,434		7,354	2,423,360
Additions					636	636
Revaluations (+/-)
Disposals (-) Transfers *(+/-)		178,906			814	179,720
Balance carried forward		1,737,666	499,434		7,176	2,244,276
Accumulated depreciation
	Basis				SL
	Rate				5years
Balance brought forward					6,682	6,682
Depreciation charge foryear (-)					736	736
Revaluations {+/-)
Disposals (-)					814	814
Transfers* (+/-)
Balance carried forward					6,604	6,604
Net book value
Brought forward		1,916,572	499,434		672	2,416,678
Carried forward		1,737,666	499,434		572	2,237,672

Analysis ofinvestment movements
		Circuit Model		2020	2019
		Trust Fund	Endowment	Total	Total
		E		F	E
Investments listed on a recognised Stock
Exchange
Investments held in common investment	funds,	8,403	2,305	10,708	10,903
Securities not listed on a recognised Stock Exchange
Other investments
		8,403	2,305	10,708	10,901
Change in investment values
Carrying (market) value at beginning ofyear		8,554	2,346	10,900	10,767
Addi additions to investments atcost
Less: disposals at carrying value
Net gain/(loss) on revaluation		-151		-192	134
Carrying (market) value at end ofyear		8,403	2,305	10,708	10,901

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