2022-08-31-accounts - Hull (Centre And West) Methodist Circuit

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				Hull (Centre	Hull (Centre	a	nd West) Circuit
Regretted	Charity	.RegletrattOn		number				1132tr62
		Yorkshire	North		&~District		District No ICircuit No	29/81
Ministers					Rev A	R'	(Superintendent)
							Rev M Asledu
							Rev RBarlow
							Rev LHaynes
						' Descon A)leon Hyde
Circuit	Stewards					Mrs SGyeen (Senior)
							Mrs SVince
							Mm SWeatherall
							Mr GWoo)le
Circuit	Treasurer

	Statement ofFfnandel	Acdvidm	Acdvidm	(SOFA)forthe year ended 31August 2022	(SOFA)forthe year ended 31August 2022	(SOFA)forthe year ended 31August 2022	(SOFA)forthe year ended 31August 2022
												Total
												2022-2022
	Income and Endowments*orm
1	Donations snd legades									37,000		37,0M	32410
2	Cha ma hie actMtlas
Za	Assessments orshare						329,068						355,725
Zb							7,121					7,121	9581
3	Other tradIng activities
3a	- Lettlngs
Sb	- Mlsceganeous
4	Investments								2506
5	Capital receipts
	Other Income
6	Total								t,ld6			375,189
	Expenditure on:
7	Stlpends, salaries, NIC &Pemion			mats		10	241,315					242515
8	Distrkt Assessment						13,915
9	Methodist Church Fund												70,ZQQ
10	Admln. , telephone &travel						14,717
11	Insurance, ubgtles, etc
12	Maintenance on menses						21,032					21,032
	Expenditure on crther'Qrcult		property							7,456			1157
14	Depredation
15	Provisions
	Professional Fees											3,642	5,097
16	Other Expemflture							76				76
17	Grants and Donations							410				50520	53,074
18	Contrlbudons to District	Advance		Fund					8,596				19,145
	Contnlwdons to Connexlonal		Pension Reserve Fund						13,920			27,000
	Oared Church Expenses						2,115
19	Total						399526		48,97
20	Net Income/(expenditure)						-62,312		47568	4562	69
21	Tmrofers between funrb
	Other recognised gains	/ gossm)		'
22	Gains/(Losses) on revaluation		of	Axed assets
23	Gains/(Losses) on Investment		assets								-181	-806	1,965
	Actuarial gains /(losses)	on defined			beneRt pension
24	schemes
25	Net movement in fu ds						-62,312		47,893	4,161		106556
	Reconoliadon offunder
26	Total funds brought forward						2,608,615		224,633	8,986	3547	2,845581	2,867,637
27	Total furtds tamed folward								176,740	23547		2,739,425	2545582
	For informabon only Money		received and passed on to			External Organisations
	Balance brought forward hum last				year
	Ofierings/Gifts -received for		External Orgs
	Oiferlngs/Gifts- passed	to External			Orgs.								452
	Balance carried forward

											Hull (Centre	and West) Grcuit	and West) Grcuit
								Balance Sheet asat 31August		2022
								Unresbicted	Grcult Model	Restricted	Endowment		Totals this year	Totals last year
									Trust Fund		Funds
									(Unrestricted)
									6
Tangible Fixed Assetsr
Land &Buildings								2@11,922					2,311,922	2,311,922
Equipment								2,233					2,233
Investment roperties
Investments									9,321		2,557		11,878	12,674
		Total			/axed	assets		2,314,155	9,321		2,557		2326,033	2+25,041
Cultent Assai".I
Debtors and Prepayments							13	23,638						21,789
Other
Trustees for Methodist			Church						167,419		678		168,097	247,147
Pu oses deposits Central Finance Board			De		oslts			230,260					230,260	293300
Cash at Bank and in hand								31,689		13,147			44,836	41,952
	Total			current		assets		285~7	167,419	13,147	678		466,831
orsan ccrua			ue		nun	ar
yr)							14	53,439				0	53,439	83,648
Net current assets (gabgitles								232 148	167,419	13,147	678		413,392	520~
Total assets less current			ffabfgdes					2,546903	176,740	13,147	3,235		2,739,425	2,845~1
Loans and creditors	due		after 1					0	0	0		0	0
Provisions for gabllities		and			cha	es		0	0	0		0	0
					Het	assets		46,303	176,740	13,147	3,235		2,739,425	2,845~1
Funds ofthe Grcult							15
Unrestricted funds								2,546,303					2,546,303	2,608,615
									176,740				176,740	224,633
Grcuit Madel Trust	Fund			Unrestricted
Restricted funds Endowmentfunds										13,147	3,235		13,148 3+35	8,986 3~7
					Total	Funds		2,546,303	176,740	13,147	3,235		2,739,425	2,845~1
'Details - see Note	11

CASH FLOW STATEMENT
YEAR ENOEO 31AUGUST						2021
Cash flows from operating	activities:
Net (expenditure)/income
forthe year ended 31August					(106,156)		(22,056)
Adjustments for:
Capital Expenditure				(2,394)
Oepreciation charges				606		127
Loss/(Gain) on investments				796		(1,965)
(Gain)/Loss on sale ofproperty						(34,821)
{increase)/decrease in debtors				(1,849)		404
(Decrease)/increase in creditors				(30,209)	(33,050)	9548	(26,707)
Net cash (usedj/provided	by operating activities				(139,206)		(48,763)
Cash flows from invesdng	acthrities:
Sale/(purchase) ofproperty						(40,000)
(Pbrchase) ofequipment							(40,000)
			r
Change in cash and cash equivalents		in the year			(139,206)		{88,763)
Cmh and Cash Equivalents	b/f				582,399		671,162
Rounding
Cash and Cash Equivalents	c/f				443,194		332,399

1Basisofctxsutrgng the flnandet~have been prepared under the Omfties Act2011ln~with the 2014verskm ofAccounting end Reporting by Charttla: ~ofR~ed Fracdce (soRF) applicable to chemise prepanng thrgr acccxsm ina~ with the Rnandal Repordng standard for smatter	1Basisofctxsutrgng the flnandet~have been prepared under the Omfties Act2011ln~with the 2014verskm ofAccounting end Reporting by Charttla: ~ofR~ed Fracdce (soRF) applicable to chemise prepanng thrgr acccxsm ina~ with the Rnandal Repordng standard for smatter
EntfHas applicable In the UK (effacive from 1January 2015)-the Chaddes SORP (FRSSE)—in replacement fordw SOIav5 2005version spedlied in its rvtated 200SRegulations and ina~ with the 'true snd fair overrtde' provtsion conbdned therein.
1Funds ' Tha ftmds hekf cotltutet General Funds hefd for any mupom ofthe cacult whfch ereUn~ The orcuh ivtodai Ttust Rmd has wkfe purposes detlned Standing Orders and Is~asunr~. Resutcud hmds wfdch are had fora narrower purpose There isalso an Endowment fund. Detags ofcack material furl d ari' drsdosad llt the flrtel tlute tothtoe auxxrmx Arrf ftxrd5 roof be~by tttora lharl )fort cetic		fn
3Accounting pe(ides
Basis These accowrw hrne been prepwed on the twas of~costexcept dwt~are shown at dxak marksa vukw Btdw end ofthe tww, on the
accrtwts bBsbto 5how 8tflw arid fall vkrw ofthe occult'5 thnndsf psltlort arid acdvhfen
intome Rcoggt)tf on litcorrla lsmduded Irt the shttenxmt (rf rralrdal Acthlrlfes (sOFA) wllBrl the clrclllt becorrws entrtlad tothe resources Bndtha tru5tees ala iasootlabiy cwtalrr they will receive the esouucen and the monahuy vakw can be~with sunldent egablnty. Resoutces Eftpended This Is Bcognbad when a Habalty isIncwred, ore~obsgadrm arises, that results ih tbe payment behg unavoidable UBMides are recognised as soon as arl outsow ofeccrnomlc benalit is onsldwed nwre Hkely than not under the legal or~obligation~the Circuit to pay out
6rants Grants made by the Qrcult from ifsown funds sre~in fug when the Orudt accepu that there is a legal or~obHgatlon tn make the
psynwnh
VAT
slnra the Orcult Isnot vAT gesteead, ag Input vAT ischarged arith the expen5es to whldr it refers.
Tangible fixed assets for use by the Cfrctdt These are capita seed lfthey can ha used for more than one ytwr. drafter)diern
The freehold property is shown ln the accounts at 201Sdeemed va(ties using the bus dinge insurance value atthat date or cost Ifpurchased subseauentb.	No
depradadon is provided an the bug dinge because the trusmrw ronsidw the cmrwtt residual fair wdue (on the assumption that they had reached the end of
their usehd economk rde by the year-end) to be not len'then value. Any depredation would not be material. The properdm hsve been reviewed touche
for irnpsfrment.
Investment Properbe
Investment properties -rm property is currently deemed to not be held forthe tong tenn purposes ofthe dwrtty. btuestntentsI~are valued in the balance sheet at market value atthe year end. Investment hrcome isinduded tn the accounts when receivable and any gains lo5585on~on Btthe year ehd are shown in tha SOFA	or
)2ebtors and prapayments
Debtors cpm prise amounts Owed Clrodt and also Indude the prepayment ofthe September stfp end In Augusc Creditors Creditors Indude sundry expenses owing and also the 1stnuaner~received in August.

4.Donations	'and legacies	Unrestricted f	Qrcuit Model Trust Fund f	Qrcuit Model Trust Fund f	Restricted	2022 Total	2022 Total	2021 Total
Donations		0					0	910
Grants received						'	37,000	31,500
Total		0		0	37,000 .		37,000	32,410
5.Charitable	activities - other	Unrestricted	Circuit IVlodel Trust Fund		Restricted	2022 Total		2021 Total
		f			f			f
Lettings from	non-investment
pl opeftias		7,121					7,121	9,381
Total		7.121			0		7,121	9,381
			Circuit Model			2022		2021
6.Investment	income	Unrestricted		Trust Fund	Endowment	Total		Total
		'.,f					f
Central Finance Board		738					738	272
TIVICP		87	(	1,106	69		1,262	1,426
Total				1,106	69		2,000	1,698
			Circuit IVlodel			2022		2021
7.Other income		Unrestricted		Trust Fund	Endowment	Total		Total
		f		f	f		f	f
Closing funds	transferred
*om dosed	church						0	11,685
Le'VV charged	ori sale
proceeds refunded							0	10,524
Total		0		0			0	22,209

Notes tothe Accounts (continued}
							2022	2021
8.Payment toTrustees							Total	Total
Number oftrustees who were paid	expenses
Nature ofthe exp'enses
Reimbursement oftravel, stage, statiorrery,		vnuchxrs		and entertaining
'Total amount paid
9.Feesfor exartrlnaborr oraudit ofthe Independent exam)ner's orauditors' Caber fees (eg.advice, accountancy	acrxxmts fees forreporting on the accounts servkes) paid tothe independent examiner					E	E3E3 1,386 1320
10.Stlpendk salaries, NIC and pension	costs
Stlpends were paid to6full-thne Ministers (2019-20:6)and the costs					were:
Stipends							158,553	156,710
Employer's National Insurance costs
Pension costs								41,195
Apprenficesh)p levy								852
Total m)nistene) remunenxtion							225~5	213463
The Grcuit also employs fug and pert-time lay staff and the costs were:
Gross salaries								24,025
Employer's National InsuranCe costs
Pension costs							625	398
Apprenticeship levy							493	389
Total lay staff remuneration							25,350	25,044
Total stlpends, salaries, NIC and permon costs
Average number offull-time equivalent lay employees			in the year were:				touche

Fixtures, fittings and equipment	Fixtures, fittings and equipment	comprises	office equipment	and a portable	baptistery.
Cost or valuation
					Fixtures,
					fittings and
			Manses	Other buildings	equipment	Total
				f
Balance brou ht	forward		1812,488	499,434	6,462	2,318,384
Additions					2,394	2,394
Revaluations (+/-
Dis osals (-)					3,540	3,540
Transfers * (+/-)
Balance carried forward			1,812,488	499,434	5,316	2,317,238
, Accumulated depreciation
		Basis			SL
		Rate			5 ears
Balance brought	forward				6,017	6,017
Depreciation charge for year					606	606
Revaluations (+/-)
Dis osals -)					3,540	3,540
Transfers* (+/-)
Balance carried forward					3,083	3,083
Net book value
Broughtforward			1,812,488	499,434	445	2,312,367
Carried forward			1,812,488	499,434	2,233	2,314,155

Trustees comply with charity Analysis of~move	law a ments	nd Me	thodist law and poli	ty as determined by the	Methodist Confere	nce.
				Grcuit Model		2022	2021
				Trust Fund	Endowment	Total	Total
				F.	6	6	f
Investments'listed on a recognised		Stock
Exchan e
Investments held in common	investment		funds,	9,321	2457	11.,878
Secudties not listed on a recognised Stock Exchange
Other investments
				9921		11,878	12,674
Change in investmem values
Canyin (market) value at beginni		ofyear		9,945	2,729	12,674	10,708
Addr additions to investments	atcost
Less: disposals at 'ng value
Net gain/(loss) on revaluation				-625	-171
Carrying (market) value at end ofyear				9,320	2,558	11,878	12,674

income received	in advance
Trade creditors
Other creditors
Total creditors and accruals

	2022	2021
Unrestrkted	Total	Total
f '	f
19,887	19,887	20,046
836	836	503
23,638	23,638	21,789
	2022	2021
Unrestricted	Total	Total
f	f	f.
53,364	53,364	79,827
		3,821
75	75
53,439	53,439	83,648

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Signature ofTreasurer	Signature ofTreasurer
Name ofTreasurer		Mr MH Loess
Address		Circuit Office
		c/o Bricknell Avenue	Methodist Church
		277 Bricknell Avenue,
		Hull HU54TJ
resentatian	to the	Circuit Itifeettng for approval.