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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||
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|||||||||||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.||||||
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|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:||||||
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|||||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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