2021-08-31-accounts - Birmingham (West) And Oldbury Methodist Circuit

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			Page
Report ofthe Trustees		1	to	6
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes tothe Cash Flow	Statement
Notes to the Financial Statements		12	to	21
Detailed Statement ofFinancial Activities		22	to	23

						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E	E	E	E
INCOME AND ENDOWMENTS		FROM
Charitable activities
Assessments from churches				175,025		175p025	164,650
Donations				23,000	11,763	34,763	7,504
Other				5,594		5,594	3,000
Investment income			2	21,810	41	21,851	15,110
Assets from closed churches				531,788		531,788
To~a)				757,217	11,804	769,021	190,264
EXPENDITURE ON
Charitable activities
Support costs				152,212	526	152p738	212,907
Contribution to Methodist	funds			13,565		13,565	32,672
Grants and donations				5,000		5,000	5,000
Total				170,777	526	171,303	250,579
Net gains/(losses) on investments				(31,300)		(31,300)
NET INCOME/(EXPENDITURE)				555,140	11,278	566,418	(60,315)
RECONCILIATION OF FUNDS
Total funds brought forward				869,758	25,758	895,516	955,831
TOTAL FUNDS CARRIED FORWARD				1,424,898	37,036	1461,934	895,516

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f	f	f	f
FIXEDASSETS
Tangible assets	9	586,990		586,990	818,818
Investment property	10	680,000		680,000
		1,266,990		1,266,990	818,818
CURRENTASSETS
Debtors	11	62,829	5,056	67,885	15,431
Cash at bank		100,301	31,980	132,281	105,378
		163,130	37,036	200,166	120,809
CREDITORS
Amounts falling due within one year	12	(5,222)		(5,222)	(44,111)
NET CURRENT ASSETS		157,908	37,036	194,944	76,698
TOTAL ASSETSLESSCURRENT LIABILITIES		1,424,898	37,036	1,461,934	895,516
NETASSETS		1r424,898	37,036	1,461,934	895,516
FUNDS	13
Unrestricted funds				1,424i898	869,758
Restricted funds				37,036	25,758
TOTAL FUNDS				1,461,934	895,516

				2021	2020
			Notes	E	E
Cash flows from operating	activities
Cash generated from operations				506,668	(32,993)
Net cash provided by/(used	in) operating		activities	506,668	(32,993)
Cash flows from investing	activities
Purchase ofinvestment property				(480,000)
Interest received				235	751
Net cash (used in)/provided	by investing		activities	(479,765)	751
Change in cash and cash equivalents		in the
reporting pedod				26,903	(32,242)
Cash and cash equivalents	at the beginning
ofthe reporting period				105,378	137,620
Cash and cash equivalents	at the end	of
the reporting period				132,281	105,378

	RECONCILIATION	OF NET INCOME/(EXPENDITURE)	OF NET INCOME/(EXPENDITURE)	OF NET INCOME/(EXPENDITURE)	TO	NET CASH	FLOW FROM	OPERATING ACTIVITIES	OPERATING ACTIVITIES
								2021	2020
								E	E
	Net income/(expenditure)		forthe reporting	period	(as	perthe
	Statement ofFinancial Activities)							566/18	(60,315)
	Adjustments for:
	Depreciation charges							528	20,379
	Losses on investments							31,300
	Interest received							(235)	(751)
	(Increase)/decrease	in debtors						(52,454)	2,775
	(Decrease)/increase	in creditors						(38,889)	4,919
	Net cash provided	by/(used	in) operations					506,668	(32,993)
2.	ANALYSIS OF CHANGES IN		NET FUNDS
							At1.9.20	Cash flow	At31.8.21
							E	E	E
	Net cash
	Cash at bank						105,378	26,903	132,281
							105,378	26,903	132,281
	Total						105,378	26,903	132,281

2.	INVESTMENT	INVESTMENT	INCOME
								2021	2020
								E	E
	Property income							21,616	14,359
	Deposit account interest							235	751
								21,851	15,110
	INCOME FROM CHARITABLE ACTIVITIES
								2021	2020
					Activity				E
	Assessments		from churches		Assessments	from churches		175,025	164,650
	Donations				Donations			34,763	7,504
	Other				Other			5,594	3,000
								215,382	175,154
4.	CHARITABLE		ACTIVITIES	COSTS
								Support
							Direct	costs (see
							Costs	note 5)	Totals
							E	E	E
	Support costs							152,738	152,738
	Contribution	to Methodist		funds			13,565		13,565
	Grants and donations						5,000		5,000
							18,565	1S2,738	171,303
5.	SUPPORT COSTS
								Governance
							Other	costs	Totals
							E	E	f
	Support costs						150,698	2,040	152,738

STAFF COSTS
							2021	2020
							E	E
Wages and salaries							82,296	78,562
Social security costs							8,053	10,141
Other pension costs							20,598	16,428
							110,947	105,131
Staffcosts include stipends		paid to ministers			and salaries paid to lay	workers,
The average monthly	number		of employees		during the year was as follows:
							2021	2020
Ministers							3	3
No employees received emoluments				in excess ofE60,000.
COMPARATIVES FOR	THE	STATEMENT OF FINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						funds	funds	funds
						E	E	E
INCOME AND ENDOWMENTS			FROM
Charitable activities
Assessments from churches						164,650		164,650
Donations							7,504	7,504
Other						3,000		3,000
Investment income						14,891	219	15,110
Total						182,541	7,723	190,264
EXPENDITURE ON
Charitable activities
Support costs						195,854	17,053	212,907
Contribution to Methodist		funds				32,672		32,672
Grants and donations						5,000		5,000

8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES-continued
		Unrestricted	Restricted	Total
		funds	funds	funds
		f	E	E
	Total	233,526	17,053	250,579
	NET INCOME/(EXPENDITURE)	(50,985)	(9,330)	(60,315)
	RECONCILIATION OF FUNDS
	Total funds brought forward	920,743	35,088	955,831
	TOTAL FUNDS CARRIED FORWARD	869,758	25,758	895,516
9.	TANGIBLE FIXEDASSETS
			Fixtures
		Freehold	and
		property	fittings	Totals
		E	f.	E
	COST OR VALUATION
	At 1September 2020	909,210	14,630	923,840
	Disposals		(14,630)	(14,630)
	Reclassification	(257,000)		(257,000)
	At 31August 2021	652,210		652,210
	DEPRECIATION
	At 1September 2020	90,920	14p102	105,022
	Charge for year		528	528
	Eliminated on disposal		(14,630)	(14,630)
	Revaluation adjustments	(25,700)		(25,700)
	At 31August 2021	65,220		65,220
	NET BOOK VALUE
	At 31August 2021	586,990		588„r)90
	At 31August 2020	818,290	528	818,818
	Cost or valuation at 31August 2021 is represented	by:
				Freehold
				property
				E
	Cost			652,210

FAIR VALUE
Additions	480,000
Revaluation	(31,300)
Reclassification	231,300
At 31August 2021	680,000

Fair value at31August	2021 is represented by:
			E
Valuation in 2021			680~
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2021	2020
			E
Other debtors		67,885	8,056
Unpaid assessments			7,375
		67MB	15,431

12.	CREDITORS:		AMOUNTS FALLING	DUE WITHIN ONE YEAR
						2021	2020
						E
	Other creditors					5,222	44,111
13.	MOVEMENT		IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.9.20	in funds	funds	31.8.21
				E	f	E	E
	Unrestdcted		funds
	General fund			(101)	107,264		107,163
	Circuit model		trust fund	14,602	(346)		14,256
	Property fund			818,818	448,172		1,266,990
	Bequests fund			36,439	50		36VI89
				869,758	555,140		1,424,898
	Restricted funds
	Akrill fund			12J32	17		12~9
	Beginagen 1fund			13,326	(502)	(12,824)
	Beginagen 2 fund				11,763	12,824	24,587
				25,758	11,278		37,036
	TOTALFUNDS			89S,516	566J18		1461,934
	Net movement		in funds, included	in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	E	f	E
	Unrestricted	funds
	General fund			277,046	(169,782)		107,264
	Circuit model	trust fund		48	(394)		(346)
	Property fund			480,000	(528)	(31,300)	448,172
	Bequests fund			123	(73)		50
				757,217	(170,777)	(31,300)	555,140
	Restricted funds
	Akrill fund			42	(25)		17
	Beginagen 1fund			(1)	(501)		(502)
	Beginagen 2 fund			11'763			11,763
				11,804	(526)		11,278
	TOTAL FUNDS			769,021	(171303)	(31,300)	566rl18

				Net
				movement	At
			At 1.9.19	in funds	31.8.20
			E	E	6
Unrestricted	funds
General fund			30,467	(30,568)	(101)
Circuit model	trust fund		15,118	(277)	14,841
Property fund			839,197	(20,379)	818,818
Bequests fund			35,961	239	36,200
			920,743	(50,985)	869,758
Restricted funds
Akrill fund			12,351	81	12,432
Beginagen 1	fund		22,737	(9,411)	13,326
			35,088	(9,330)	25,758
TOTALFUNDS			955,831	(60,315)	895,516
Comparative	net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted	funds
General fund			182,105	(212,673)	(30,568)
Circuit model	trust fund		125	(402)	(277)
Property fund				(20,379)	(20,379)
Bequests fund			311	(72)	239
			182,541	(233,526)	(50,985)
Restricted funds
Akrill fund			106	(25)	81
Beginagen 1fund			7,617	(17,028)	(9,411)
			7,723	(17,053)	(9,330)
TOTAL FUNDS			190,264	(250,579)	(60,315)

				Net	Transfers
				movement	between	At
			At 1.9.19	in funds	funds	31.8.21
			E	E	E	E
Unrestricted		funds
General fund			30,467	76,696		107,163
Circuit model		trust fund	15,118	(623)		14,495
Property	fund		839,197	427,793		1,266,990
Bequests	fund		35,961	289		36,250
			920,743	504,155		1,424,898
Restricted	funds
Akrill fund			12,351	98		12,449
Beginagen	1fund		22,737	(9,913)	(12,824)
Beginagen	2 fund			11,763	12,824	24,587
			35,088	1,948		37,036
TOTAL FUNDS			955,831	506,103		1,461,934

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		E	E	E	E
Unrestricted	funds
General fund		459,151	(382,455)		76,696
Circuit model	trust fund	173	(796)		(623)
Property fund		480,000	(20,907)	(31,300)	427,793
Bequests fund		434	(145)		289
		939,758	(404,303)	(31,300)	504,155
Restricted funds
Akrill fund		148	(50)		98
Beginagen 1fund		7,616	(17,529)		(9,913)
Beginagen 2 fund		11,763			11,763
		19,527	(17,579)		1,948
TOTAL FUNDS		959,285	(421,882)	(31,300)	506,103

			2021	2020
			E	f
INCOME AND ENDOWMENTS
Investment income
Property income			21,616	14,359
Deposit account interest			235	751
			21,851	15,110
Charitable activities
Assessments from churches			175,025	164,650
Donations			34,763	7,504
Other			5,594	3,000
			215,382	175,154
Assets from closed churches
Assets from closed churches			531,788
Totalincoming	resources		769,021	190,264
EXPENDITURE
Charitable activities
Contributions to Methodist		funds	13p565	32,672
Grants and donations			5,000	5,000
			18,565	37,672
Support costs
Other
Wages			82,296	78,562
Social security			8,053	10,141
Pensions			20,598	16,428
Telephone and	travel		7,829	16,862
Other property	costs		7,094	21,650
Manse costs			14,445	16,605
Depreciation			528	20,379
Other expenses			6p866	27,188
Administration			2,989	4,072
			150,698	211,887

			2021	2020
			E	E
Other
Governance	costs
Accountancy	and legal fees		2,040	1,020
Total resources	expended		171,303	250,579
Net income/(expenditure)		before gains and
losses			597,718	(60,315)
Realised recognised gains		and losses
Realised gains/(losses) on		fixed asset
investments			(31,300)
Net income/(expenditure)			566419	(60,315)