2023-08-31-accounts - Birmingham (West) And Oldbury Methodist Circuit

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							2023	2022
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	E	E	E	E
INCOME AND ENDOWMENTS			FROM
Charitable activities
Assessments from churches					161,390		161,390	151,520
Donations						10,005	10,005	10,005
Other					3,000		3,000	3,438
Investment income				2	30,990		30,990	7,375
Assets from closed churches			and gains on fixed
asset investments					809,585		809,585	297,917
Total					1,004,965	10,005	1,014,970	470,255
EXPENDITURE ON
Charitable activities
Support costs					232,906		232,906	180,441
Contribution to Methodist		funds			56r459		56,459	33,548
Grants and donations					44,257		44,257	100
Total					333,622		333,622	214,089
NET INCOME					671,343	10,005	681,348	256,166
RECONCILIATION OF FUNDS
Total funds brought	forward				1,684,060	34,040	1,718,100	1,461,934
TOTAL FUNDS CARRIED FORWARD					2,355jl03	44,045	2,399,448	1,718,100

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	6	6	f	6
FDIE0ASSETS
Tangible assets	8	460,990		460,990	586,990
Investment property	9				350,000
		460,990		460,990	936,990
CURRENT ASSETS
Debtors	10	159,205		159,205	15,745
Investments	11				150,000
Cash at bank		1,758,535	44,045	1,802,580	619,883
		1,917,740	44,045	1,961,785	785,628
CREDITORS
Amounts falling due within one year	12	(23,327)		(23,327)	(4,516)
NET CURRENT ASSETS		1,894,413	44,045	1,938,458	781,110
TOTAL ASSETSLESSCURRENT LIABILITIES		2,355,403	44,045	2.399,448	1,718,100
NET ASSETS		2,355,403	44,045	2,399,44S	1,718,100
FUNDS	13
Unrestricted funds				2,355,403	1,684p060
Restricted funds				44,045	34,040
TOTAL FUNDS				2,399,448	1,718,100

					2023	2022
				Notes	E	E
Cash flows from operating	activities
Cash generated from operations					143,044	8,502
Net cash provided by operating		activities			143,044	8,502
Cash flows from investing	activities
Sale oftangible fixed assets					658,663	297,917
Sale of investment property					350,000	180,000
Interest received					30,990	1,183
Net cash provided by investing		activities			1,039,653	479,100
Change in cash and cash equivalents			in the
reporting period					1,182p697	487,602
Cash and cash equivalents	at the beginning
ofthe reporting period					619,883	132,281
Cash and cash equivalents	at the end		of
the reporting period					1,802,580	619,883

RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING	OF NET INCOME TO NET CASH FLOW FROM OPERATING	OF NET INCOME TO NET CASH FLOW FROM OPERATING	ACTIVITIES
				2023	2022
				E	E
Net income for the		reporting	period (as per the Statement ofFinancial
Activities)				681,348	256,166
Adjustments for:
Profit on disposal	offixed assets			(532,663)	(297,917)
Interest received				(30,990)	(1,183)
Decrease in debtors				6,540	52,140
Increase/(decrease)		in creditors		18,809	(704)
Net cash provided		by operations		143,044	8,502
ANALYSIS OF CHANGES IN NET FUNDS
			At 1.9.22	Cash flow	At 31.8.23
			f	E	E
Net cash
Cash at bank			619,883	1,182,697	1,802,580
			619,883	1,182,697	1,802,580
Liquid resources
Deposits included	in cash
Current asset investments			150,000	(150,000)
			150,000	~150,000)
Total			769,883	1,032,697	1,802,580

INVESTMENT INCOME	INVESTMENT INCOME
		2023	2022
			E
Property	income		6,192
Deposit	account interest	30,990	1,183
		30,990	7,375

	INCOME FRO	M CHARITABL	E ACTIVITIES
						2023	2022
			Activity			E	E
	Assessments	from churches	Assessments	from churches		161,390	151,520
	Donations		Donations			10,005	10,005
	Other		Other			3,000	3,438
						174,395	164,963
4.	CHARITABLE	ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs	note 5)	Totals
					E	E	E
	Support costs					232,906	232,906
	Contribution	to Methodist	funds		56,459		56,459
	Grants and donations				44,257		44,257
					100,716	232,906	333,622
5.	SUPPORT COSTS
						Governance
					Other	costs	Tota Is
					E	E	E
	Support costs				228,706	4,200	232,906

STAFF COSTS
						2023	2022
						E	f
Wages and salaries						102,854	91,737
Social security	costs					9,239	7,984
Other pension	costs					22,762	20,371
						134,855	120,092
Staff costs include stipends			paid to	ministers	and salaries paid to lay workers.
The average monthly		number of employees			during the year was as follows:
						2023	2022
Ministers						3	3
Lay employees						1	1
No employees	received emoluments			in excess ofE60,000.
TANGIBLE FIXED ASSETS
							Freehold
							property
							E
COST
At 1September	2022						652,210
Disposals							(126,000)
At 31August 2023							526,210
DEPRECIATION
At 1September	2022	and	31August	2023			65,220
NET BOOK VALUE
At 31August 2023							460,990
At 31August 2022							586,990
As ar 31August	2023	the Circuit owned 2 manses (2022:3).

	INVESTMENT	INVESTMENT	PROPERTY	PROPERTY	PROPERTY	PROPERTY
	FAIR VALUE
	At 1September			2022						350,000
	Disposals									(350,000)
	At 31August		2023
	NET BOOK VALUE
	At 31August		2023
	At 31August		2022							350,000
10.	DEBTORS:AMOUNTS				FALLING DUE WITHIN ONE		YEAR
									2023	2022
									E	E
	Other debtors								159,205	15,745
11.	CURRENT ASSET INVESTMENTS
									2023	2022
									E	E
	Investment	property			—transfer from fixed assets
12.	CREDITORS:	AMOUNTS				FALLING DUE WITHIN ONE YEAR
									2023	2022
									E	E
	Other creditors								23,327	4,518
13.	MOVEMENT		IN FUNDS
								Net	Transfers
								movement	between	At.
							At 1.9.22	in funds	funds	31.8.23
							f	f	E	E
	Unrestricted	funds
	General fund						125,778	(132,639)	100,000	93,139
	Circuit model		trust fund				434,736	802,606	526,000	1,763,342
	Property fund						1,086,990		(626,000)	460,990
	Bequests fund						36,556	1,376		37,932
							1,684,060	671,343		2,355,403
	Restricted funds
	Beginagen 2	fund					34,040	10,005		44,045
	TOTALFUNDS						1,718,100	681,348	—	2,399,448

		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	E
Unrestricted	funds
General fund		175,787	(308326)	(132,639)
Circuit model	trust fund	827,698	(25,092)	802,606
Bequests fund		1,480	(104)	1,376
		1,004,965	(333,622)	671,343
Restricted funds
Beginagen 2	fund	10,005		10,005
TOTAL FUNDS		1,014,970	(333,622)	681,348

				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
TOTALFUNDS			1,461,934	256,166		1,718,100

			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
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 1.9.21	in funds	funds	31.8.23
			E	f	E	6
Unrestricted		funds
General fund			107,163	(184,024)	170,000	93,139
Circuit model		trust fund	14,256	1,100,637	648,449	1,763,342
Property	fund		1,266,990		(806,000)	460,990
Bequests	fund		36,489	1,443		37,932
			1,424,898	918,056	12,449	2,355,403
Restricted	funds
Akrill fund			12,449		(12,449)
Beginagen	2 fund		24,587	19,458
			37,036	19,458	(12,4491
TOTALFUNDS			1,461,934	937,514		2,399,448

			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted		funds
General fund			337,404	(521,428)	(184,024)
Circuit model		trust fund	1,126,160	(25,523)	1,100,637
Bequests	fund		1,651	(208)	1,443
			1,465,215	(547,159)	918,056
Restricted	funds
Beginagen	2	fund	20,010	(552)	19,458
TOTAL FUNDS			1,485,225	(547,711)	937,514