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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||||||||
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||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|
##
|||||||||||||||11||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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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.||
##
##