||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|6|
|Independent<br>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<br>activities||||||||
|Assessments<br>from churches||||175,025||175p025|164,650|
|Donations||||23,000|11,763|34,763|7,504|
|Other||||5,594||5,594|3,000|
|Investment<br>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<br>activities||||||||
|Support costs||||152,212|526|152p738|212,907|
|Contribution<br>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)<br>on investments||||(31,300)||(31,300)||
|NET INCOME/(EXPENDITURE)||||555,140|11,278|566,418|(60,315)|
|RECONCILIATION<br>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<br>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<br>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<br>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<br>from operations||||506,668|(32,993)|
|Net cash provided<br>by/(used|in) operating||activities|506,668|(32,993)|
|Cash flows from investing|activities|||||
|Purchase ofinvestment<br>property||||(480,000)||
|Interest received||||235|751|
|Net cash (used in)/provided|by investing||activities|(479,765)|751|
|Change<br>in cash and cash equivalents||in the||||
|reporting<br>pedod||||26,903|(32,242)|
|Cash and cash equivalents|at the beginning|||||
|ofthe reporting<br>period||||105,378|137,620|
|Cash and cash equivalents|at the end|of||||
|the reporting<br>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<br>for:|||||||||
||Depreciation<br>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<br>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<br>activities|||||||||
|Assessments<br>from churches||||||164,650||164,650|
|Donations|||||||7,504|7,504|
|Other||||||3,000||3,000|
|Investment<br>income||||||14,891|219|15,110|
|Total||||||182,541|7,723|190,264|
|EXPENDITURE ON|||||||||
|Charitable<br>activities|||||||||
|Support costs||||||195,854|17,053|212,907|
|Contribution<br>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<br>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<br>on disposal||(14,630)|(14,630)|
||Revaluation<br>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<br>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<br>by:|||
|---|---|---|---|
||||E|
|Valuation<br>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<br>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<br>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<br>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<br>income|||||
|Property income|||21,616|14,359|
|Deposit account interest|||235|751|
||||21,851|15,110|
|Charitable<br>activities|||||
|Assessments<br>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<br>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<br>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)<br>on||fixed asset|||
|investments|||(31,300)||
|Net income/(expenditure)|||566419|(60,315)|