2022-08-31-accounts - Birmingham (West) And Oldbury Methodist Circuit

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						2022	2021
				Unrestricted	Restricted	Total	Tota I
				funds	funds	funds	funds
			Notes	f	f	f	f
INCOME AND ENDOWMENTS		FROM
Charitable activities
Assessments from churches				151,520		151,520	175,025
Donations					10,005	10,005	34,763
Other				3,438		3,438	5,594
Investment income			2	7,375		7,375	21,851
Assets from closed churches				297,917		297,917	531,788
Total				460,250	10,005	470,255	769,021
EXPENDITURE ON
Charitable activities
Support costs				179,889	552	180,441	152,738
Contribution to Methodist	funds			33,548		33,548	13,565
Grants and donations				100		100	5,000
Total				213,537	552	214,089	171,303
Net gains/(losses) on investments							(31,300)
NET INCOME				246,713	9,453	256,166	566,418
Transfers between funds			13	12,449	(12,449)
Net movement in funds				259,162	(2,996)	256,166	566,418
RECONCILIATION OF FUNDS
Total funds brought forward				1,424,898	37,036	1,461,934	895,516
TOTAL FUNDS CARRIED FORWARD				1,684,060	34,040	1,718,100	1,461,934

				2022	2021
		Vnrestricted	Restricted	Tots I	Total
		funds	funds	funds	funds
	Notes		E	f	E
FIXEDASSETS
Tangible assets		586,990		586,990	586,990
Investment property		350,000		350,000	680,000
		936,990		936,990	1,266,990
CURRENT ASSETS
Debtors	10	15,745		15,745	67,885
Investments	11	150,000		150,000
Cash at bank		585,843	34,040	619,$83	132,281
		751,588	34,040	785,628	200,166
CREDITORS
Amounts falling due within one year	12	(4,518(		(4,518)	(5,222)
NET CURRENT ASSETS		747,070	34,040	781,110	194,944
TOTAL ASSETS LESSCURRENT LIABILITIES		1,684,060	34,040	1,718,100	1,461,934
NET ASSETS		1,684,060	34,040	1,718,100	1,461,934
FUNDS	13
Unrestricted funds				1,6$4,060	1,424,898
Restricted funds				34,040	37,036
TOTAL FUNDS				1,718,100	1,461,934

				2022	2021
			Notes	E	f
Cash flows from operating	activities
Cash generated from operations				306,419	506,668
Net cash provided by operating activities				306,419	506,668
Cash flows from investing	activities
Purchase of investment property					(480,000)
Sale of investment property				180,000
Interest received				1,183	235
Net cash provided by/(used	in) investing		activities	181,183	(479,765)
Change in cash and cash equivalents		in the
reporting period				487,602	26,903
Cash and cash equivalents	atthe beginning
ofthe reporting period				132,281	105,378
Cash and cash equivalents	atthe end	of	the
reporting period				619P83	132,281

	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
						2022	2021
						f	f
	Net income for the reporting			period (as per the Statement ofFinancial
	Activities)					256,166	566,418
	Adjustments for:
	Depreciation charges						528
	Losses on investments						31,300
	Interest received					(1,183)	(235)
	Decrease/(increase)		in debtors			52,140	(52,454)
	Decrease in creditors					P04)	(38,889)
	Net cash provided	by operations				306,419	506,668
2.	ANALYSIS OF CHANGES IN NET FUNDS
				At	1.9.21	Cash flow	At 31.8.22
					f	f	f
	Net cash
	Cash at bank			132,281		487,602	619,883
				132,281		487,602	619,883
	Liquid resources
	Deposits included	in	cash
	Current asset investments					150,000	150,000
						150,000	150,000
	Total			132,281		637,602	769,883

2.	INVESTMENT	INVESTMENT	INCOME
						2022	2021
						f	f
	Property	income				6,192	21,616
	Deposit account interest					1,183	235
						7,375	21,851
3.	INCOME	FROM CHARITABLE ACTIVITIES
						2022	2021
						f	f
	Assessments		from churches			151,520	175,025
	Donations					10,005	34,763
	Other					3,438	5,594
						164,963	215,382
4.	CHARITABLE		ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs E	note 5) f	Tote Is E
	Support costs					180,441	180,441
	Contribution to Methodist			funds	33,548		33,548
	Grants and donations				100		100
					33,648	180,441	214,089

SUPPOR	T COSTS
			Governance
		Other	costs	Tota Is
		E	E	E
Support	costs	178,311	2,130	180,441

							2022	2021
							E	E
Wages and salaries							91,737	82,296
Social security costs							7,984	8,053
Other pension costs							20,371	20,598
							120,092	110,947
Staff costs include stipends			paid to	ministers	and salaries	paid to lay workers.
The average	monthly	number ofemployees			during the year was as follows:
							2022	2021
Ministers							3	3
No employees	received emoluments			in excess ofE60,000,

TANGIBLE FIXEDASSETS
		Freehold
		property
		E
COST
At 1September 2021and 31August 2022		652p210
DEPRECIATION
At 1September 2021and 31August 2022		65,220
NET BOOK VALUE
At 31August 2022		586,990
At 31August 2021		586,990
As ar 31August 2022 the Circuit owned 3	manses (2021:3).
INVESTMENT PROPERTY
FAIR VALUE
At 1September 2021		680,000
Disposals		(180,000)
Transfer to current assets		(150,000)
At 31August 2022		350,000
NET BOOK VALUE
At 31August 2022		350,000
At 31August 2021		680,000
Fair value at 31August 2022 is represented	by:
		E
Valuation in 2021		350,000

10.	DEBTORS:AMOUNTS	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE	FALLING DUE WITHIN ONE	YEAR
							2022	2021
							E	E
	Other debtors						15,745	67,885
11.	CURRENT ASSET INVESTMENTS
							2022	2021
							E	E
	Investment	property	—transfer from fixed assets				50.000
12.	CREDITORS:	AMOUNTS		FALLING DUE WITHIN ONE YEAR
							2022	2021
							E	E
	Other creditors						4,518	5,222
13.	MOVEMENT	IN FUNDS
						Net	Transfers
						movement	between	At
					At 1.9.21	in funds	funds	31.8.22
					E	E	E	f
	Unrestricted	funds
	General fund				107,163	(51,385)	70,000	125,778
	Circuit model trust fund				14,256	298,031	122,449	434,736
	Property fund				1,266,990		(180,000)	1,086,990
	Bequests fund				36,489	67		36,556
					1,424,898	246,713	12,449	1,684,060
	Restricted funds
	Akrill fund				12,449		(12,449)
	Beginagen 2	fund			24,587	9,453		34,040
					37,036	9,453	(12,449)	34,040
	TOTAL FUNDS				1,461,934	256,166		1,718,100

			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	f
Unrestricted		funds
General fund			161,617	(213,002)	(51,385)
Circuit model		trust fund	298,462	(431)	298,031
Bequests	fund		171	(104)	67
			460,250	(213,537)	246,713
Restricted	funds
Beginagen	2	fund	10,005	(552)	9,453
TOTAL FUNDS			470,255	(214,089)	256,166

				Net	Transfers
				movement	between	At
			At 1.9.20	in funds	funds	31.8.21
			E	E	E	E
Unrestricted		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		36,489
			869,758	555,140		1,424,898
Restricted	funds
4kri I I fund			12,432	17		12,449
Beginagen	1fund		13,326	(502)	(12,824)
Beginagen	2 fund			11,763	12,824	24,587
			25,758	11,278		37,036
TOTAL FUNDS			895,516	566,418		1,461,934

				Incoming		Resources	Gains and	Movement
				resources		expended	losses	in funds
				E		E	f	f
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	1	fund		(1)		(501)		(502)
Beginagen	2	fund		11,763				11,763
				11,804		(526)		11,278
TOTALFUNDS				769,021		(171,303)	(31,300)	566,418
A current	year		12months	and prior year 12months combined	position	is as follows:
						Net	Transfers
					movement		between	At
				At 1.9.20		in funds	funds	31.8.22
				E		f	E	E
Unrestricted		funds
General fund				(101)		55,879	70,000	125,778
Circuit model			trust fund	14,602		297,685	122,449	434,736
Property fund				818,818		448,172	(180,000)	1,086,990
Bequests fund				36,439		117		36,556
				869,758		801,853	12,449	1,684,060
Restricted	funds
Akrill fund				12,432		17	(12,449)
Beginagen	1fund			13,326		(502)	(12,824)
Beginagen	2 fund					21,216	12,824	34,040
				25,758		20,731	(12,449)	34,040
TOTALFUNDS				895,516		822,584		1,718,100

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted		funds
General fund			438,663	(382,784)		55,879
Circuit model		trust fund	298,510	(825)		297,685
Property	fund		480,000	(528)	(31,300)	448,172
Bequests	fund		294	(177)		117
			1,217,467	(384,314)	(31,300)	801,853
Restricted	funds
Akrill fund			42	(25)		17
Beginagen	1fund		(1)	(501)		(502)
Beginagen	2 fund		21,768	(552)		21,216
			21,809	(1,078)		20,731
TOTAL FUNDS			1,239,276	(385,392)	(31,300)	822,584

			2022	2021
			E	E
INCOME AND ENDOWMENTS
Investment income
Property income			6,192	21,616
Deposit account	interest		1,183	235
			7,375	21,851
Charitable activities
Assessments from churches			151,520	175,025
Donations			10,005	34,763
Other			3,438	5,594
			164,963	215,382
Assets from closed churches
Assets from closed churches			297,917	531,788
Total incoming resources			470,255	769,021
EXPENDITURE
Charitable activities
Contributions to	Methodist	funds	33,548	13,565
Grants and donations			100	5,000
			33,648	18,565
Support costs
Other
Wages			91,737	82,296
Social security			7,984	8,053
Pensions			20,371	20,598
Telephone and	travel		7,126	7,829
Other property	costs		24,029	7,094
Manse costs			14,805	14,445
Depreciation				528
Carried forward			166,052	140,843

				2022	2021
				f	E
Other
Brought forward				166,052	140,843
Other expenses				3,892	6,866
Administration				8,367	2,989
				178,311	150,698
Governance	costs
Accountancy	and	legal fees		2,130	2,040
Total resources	expended			214,089	171,303
Net income before		gains and losses		256,166	597,718
Realised recognised		gains and losses
Realised gains/(losses)			on fixed asset investments		(31,300)
Net income				256,166	566,418