| Yorkshire | North 8 East District | District No i Circuit No | 29/37 |
|---|---|---|---|
| Ministers | Rev A | Rigby-Jones (Supedntendent) |
|
| Rev M Asiedu | |||
| Rev R Barlow | |||
| Rev L Haynes | |||
| Deacon Alison Hyde (from 1 September 2021) | |||
| Rev DSpeirs (left 31 August 2021) | |||
| Rev A Stead | |||
| Circuit Stewards | Mrs SGreen (Senior) | ||
| Mrs SVince | |||
| Mrs SWeatherall | |||
| Mr GWool(ay | |||
| Circuit Treasurer | Mr M Lucas |
| Hull (Centre and | Hull (Centre and | West) Greeit | West) Greeit | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance Sheet as at31August 2021 | |||||||||
| Unrestricted Circuit Nlodel Restricted |
Endowment | Totals this Totals |
last year | ||||||
| Trust Fund | Funds | year | |||||||
| (Unrestricted) | |||||||||
| F. | |||||||||
| Tangible Fixed Assets* Land ik Buildings |
Notes | 2@11,922 445 |
2,311,922 445 |
2,237,100 572 |
|||||
| Equipment | |||||||||
| Investment properties Investments 12 TotalPeed amets |
2,312,367 | 9,945 9,945 |
0 | 2,729 2,729 |
12,674 2,325,041 |
10,708 2248380 |
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| Current Assets Debtors and Prepayments |
21,789 | 21,789 | 22,193 | ||||||
| Other | |||||||||
| Total current assets Trustees for Methodist Church Purposes deposits Central Finance Board Deposits Cash at Bank and in hand |
325,141 32,966 379,896 |
246,529 (31,841) 214,688 |
8,986 8,986 |
618 | 247,147 293,300 41,952 604,188 |
398,658 220,239 52,266 693,356 |
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| itors an u |
ueinu er 14 |
83,648 | 0 | 0 | 0 | S3,648 | 74,100 | ||
| yr) Net current assels (liabilities) Total ossets less current liabiTities Loans and creditors due after 1year |
296,248 0 2,608,615 |
214,688 0 224,633 |
8,986 0 8,986 |
618 0 3,347 |
520,540 0 2,845,581 |
619,256 2,867,636 |
|||
| Provisions for liabiliiies and charges Net assets |
0 2,608,615 |
0 224,633 |
0 8,986 |
0 3,347 |
0 2,845,581 |
2,867,636 | |||
| Funds of the Circuit Unrestricted funds |
16 | 2,608,615 | 2,60S,615 | 2,546,574 | |||||
| Circuit Model Trust Fund Restricted funds |
(Unrestricted) | 224,633 | 8,9S6 | 3,347 | 9,044 3,347 |
309,133 9,044 2,885 |
|||
| Endowment funds |
Total Fwids | 2,608,615 | 224,633 | 8,986 | 3,347 | 2,845,581 | 2,867,636 |
| YEAR ENDED 31AUGUST 2021 | 2021 | 2020 | |||
|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||
| Net (expenditure)/income for the year ended 31August 2021 |
(22,056) | (8,716) | |||
| Adjustments for: | |||||
| 127 | 736 | ||||
| Depreciation charges Loss/(Gain) on investments (Gain)/Loss on sale of property (increase)/decrease in debtors (Decrease)/increase in creditors |
(1,965) (34,821) 404 9,558 |
192 (36,998) (2,927) |
(56,102) | ||
| Net cash (used)/provided by operating |
activities | (48,763) | (64,818) | ||
| Cash flows from investing activities: | |||||
| Sale/(purchase) of property |
(40,000) | 40000 7 |
215,903 (636) |
215,267 | |
| (I3urchase) ofequipment | |||||
| Change in cash and cash equivalents |
in the year | )88,783) | 150,449 | ||
| Cash and cash equivalents at1 September 2020 |
671,162 | 520,713 | |||
| Cash and cash equivalents at31August 2021 |
582,399 | 671,162 |
| 1Basis of accounting The finandal statemenu have been prepared under the charities Act2011in acmrd ance with the 2014version ofAcmunting and Reporting by charities: Sbnement ofRemmmended praoice (SORp) applicable to charities preparing thdir accounts in accordance with the Financial Reporting nandard for Smaller |
1Basis of accounting The finandal statemenu have been prepared under the charities Act2011in acmrd ance with the 2014version ofAcmunting and Reporting by charities: Sbnement ofRemmmended praoice (SORp) applicable to charities preparing thdir accounts in accordance with the Financial Reporting nandard for Smaller |
1Basis of accounting The finandal statemenu have been prepared under the charities Act2011in acmrd ance with the 2014version ofAcmunting and Reporting by charities: Sbnement ofRemmmended praoice (SORp) applicable to charities preparing thdir accounts in accordance with the Financial Reporting nandard for Smaller |
|
|---|---|---|---|
| Entities applicable in the UK (effective from 1January 2015)—the Chadties SORP (FRSSE)—in replacement forthe SORP's 2005 version specified in its re(heed 2008Regulations and in accordance with the 'true and fair override' provision contained therein. " |
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| 2Funds | |||
| Ihe funds held consiitutei General Funds held for any purpose ofthe Circuit which are Unresmcted. The Circuit Model Trust Fund has wide purposes Standing Orders and is categorised as unrestricted. Restricted funds which are held for a narrower purpose. There isalso an Endowment fund. Details matedial fund are disclosed in the final note tothese account. Any funds may be represented by mare than just cash. |
defined in ofeach |
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| 3Accounting policies | |||
| Basis These accounts have been prepared on the basis of historical cost except that investmenu are shown at their market value atthe end ofthe year, on the |
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| accruals basis to shaw atrue and fair view ofthe Circuit's financial position and adivities. | |||
| Income Recognition Income is included in the Statement ofFinanoal Activities (SOFA) when the Circuit bemmes entitled tothe resources, and the trustees are reasonably |
certain | ||
| they will receive the resources; and the monetary value can be measured with suflicient reliability. |
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| Resources Expended This is recognised when a liability is incurred, or a constructive obligation arises, that results in the payment bding unavoidable. liabilities are recognised soon as an outflow ofeconomic beneht is considered more likely than not under the legal or constructive obligation committing the Circuit to pay out |
as | ||
| resources. | |||
| Grants Grants made by the Circuit from its own funds are recognised in full when the Circuit accepts that there isa legal or operational obligation tomake the |
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| payment. | |||
| VAT | |||
| Sincethe Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers. |
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| Tangible Bxed assets for use by the Orcuit | |||
| These are capitalised ifthey can be used for more than one year. The freehold property isshown in the aoounts at2011deemed values using the buildings insurance value atthat date or mat ifpurchased subsequently. Ho depreciation is provided on the buildings because the trustees consider the current residual fair value (on the assumption that Ikey had reached the end of their useful economic life by the year-end) to be not less than their current value. Any depreciation would not be material. The properties have been reviewed |
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| for impairment. | |||
| Investment Properties Investment properties- no property is currently deemed to not be held for the long term purposes ofthe charity. |
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| 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. |
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| Debtors and Prepayments | |||
| Debtors comprise amounts owed to)he Circuit and also include the prepayment ofthe September stipend in August. |
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| Creditors | |||
| Creditors include sundry expenses owing and also the 1stquarter assessment received in August. |
| Notes tothe Accounts (continued | ) | ||||
|---|---|---|---|---|---|
| 4.Donations and legacies | Unrestricted f |
Circuit Model Trust Fund f |
Restricted | 2021 Total f |
2020 Totalf |
| Donations | 910 | 910 | 0 | ||
| Grants received | 31,500 | 31,500 | 33,000 | ||
| Total | 910 | 0 | 32,410 | 33,000 | |
| 5.Charitable activities - other |
Unrestricted f |
Circuit Model Trust Fund f |
Restncted f |
2021 Total f |
2020 Total f |
| Lettings from non-investment properties |
9,381 | 9,381 | 19,545 | ||
| Total | 9,381 | 0 | 9,381 | 19,545 | |
| 6.Investment income |
Unrestricted | Circuit Model Trust Fundf |
Endowment | 2021 Tote If |
2020 Total f |
| Central Finance Board | 272 | 272 | 1,721 | ||
| TMCP | 35 | 1,352 | 39 | 1,426 | 2,192 |
| Total | 307 | 1,352 | 39 | 1,698 | 3,913 |
| 7.Other income | Unrestricted f. |
Circuit Model Trust Fund f |
Endowment f |
2021 Total f |
2020 Total f |
| Closing funds transferred from closed church |
9,070 | 2,615 | 11,685 | ||
| Levy charged on sale proceeds refunded Total |
0 9,070 |
10,524 13,139 |
10,524 22,209 |
0 0 |
| Notes tothe Accounts (continued) | Hull (Centre | and W | est) Circuit | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||||
| 8.Payment toTrustees d V M |
I » | idd V |
' | ' „ |
thy | Total | Total | |||||
| Number oftrustees who were paid expenses | ||||||||||||
| Nature ofthe expenses | ||||||||||||
| Reimbursement oftravel, postage, stationery, |
iftvouchers and entertainin | |||||||||||
| Total amount paid |
f | 1,222 | 1,004 | |||||||||
| 9.Feesfor examination or audit ofthe accounts |
||||||||||||
| Independent examiner's or auditors' |
fees for reporting | on the accounts | E | 1,320 | 1,320 | |||||||
| Other fees (eg:advice, accountancy | services) | paid to the independent | examiner | f | 0 | 0 | ||||||
| 10.Stipends, salaries, NIC and pension |
costs | |||||||||||
| Stipends were paid to 6full-time Ministers | (2019-20i | 6)and the | costs | were: | ||||||||
| Stipends | 156,710 | 152,587 | ||||||||||
| Employer's National Insurance costs |
14,506 | 13,843 | ||||||||||
| Pension costs | 41,195 | 40,111 | ||||||||||
| Apprenticeship levy |
852 | 637 | ||||||||||
| Total ministerial remuneration |
213,263 | 207,178 | ||||||||||
| The Circuit also employs full and part-time | lay staff and the rxssts were: | |||||||||||
| Gross salaries | 24,025 | 38,266 | ||||||||||
| Employer's National Insurance costs |
232 | 1,839 | ||||||||||
| Pension costs | 398 | 1,233 | ||||||||||
| Apprenticeship levy |
389 | 621 | ||||||||||
| Total lay staff remuneration | 25,044 | 41,959 | ||||||||||
| Total stipends, salaries, NIC and pension |
costs | 238,307 | 249,137 | |||||||||
| Average number offull-time equivalent | lay employees | in the year were: |
| Fixtures, fittings | |||||
|---|---|---|---|---|---|
| Manses | Other buildings | and equipment | Total | ||
| 6 | |||||
| Balance brought forward | 1,737,666 | 499,434 | 6,462 | 2,243,562 | |
| Additions | 290,000 | 290,000 | |||
| Revaluations (+/-) |
|||||
| Disposals (-) | 215,178 | 215,178 | |||
| Transfers *(+/-) | |||||
| Balance carried forward | 1,812,488 | 499,434 | 6,462 | 2,318,384 | |
| Accumulated depredation |
|||||
| Basis | SL | ||||
| 5years | |||||
| Balance brought forward | 5,890 | 5,890 | |||
| Depreciation charge for year (-) |
127 | 127 | |||
| Revaluations (+/-) |
|||||
| Disposals (-) | |||||
| Transfers* (+/-) | |||||
| Balance carried forward | 6,017 | 6,017 | |||
| Net book value | |||||
| Broughtforward | 1,737,666 | 499,434 | 572 | 2,237,672 | |
| Carried forward | 1,812,488 | 499,434 | 445 | 2,312,367 |
| Analysis ofinvestment movements |
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|---|---|---|---|---|---|
| Circuit Model | 2021 | 2020 | |||
| Trust Fund | Endowment | Total | Total | ||
| 6 | E | F. | 6 | ||
| investments listed on a recognised Stock |
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| Exchange | |||||
| Investments held in common investment |
funds, | 9,945 | 2,729 | 12,674 | 10,708 |
| Securities not listed on a recognised Stock Exchange | |||||
| Other investments | |||||
| 9,945 | 2,729 | 12,674 | 10,708 | ||
| Change in investment values |
|||||
| Carrying (market) value at beginning ofyear | 8,403 | 2,305 | 10,708 | 10,900 | |
| Add: additions to investments at cost |
|||||
| Less: disposals at carrying value | |||||
| Net gain/(loss) on revaluation |
1,542 | 424 | 1,966 | -192 | |
| Carrying (market) value at end of year | 9,945 | 2,729 | 12,674 | 10,708 |
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