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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|E|E|E|E|
|INCOME AND ENDOWMENTS|||FROM||||||
|Charitable<br>activities|||||||||
|Assessments<br>from churches|||||161,390||161,390|151,520|
|Donations||||||10,005|10,005|10,005|
|Other|||||3,000||3,000|3,438|
|Investment<br>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<br>activities|||||||||
|Support costs|||||232,906||232,906|180,441|
|Contribution<br>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<br>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<br>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<br>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<br>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<br>from operations|||||143,044|8,502|
|Net cash provided<br>by operating||activities|||143,044|8,502|
|Cash flows from investing|activities||||||
|Sale oftangible fixed assets|||||658,663|297,917|
|Sale of investment<br>property|||||350,000|180,000|
|Interest received|||||30,990|1,183|
|Net cash provided<br>by investing||activities|||1,039,653|479,100|
|Change<br>in cash and cash equivalents|||in the||||
|reporting<br>period|||||1,182p697|487,602|
|Cash and cash equivalents|at the beginning||||||
|ofthe reporting<br>period|||||619,883|132,281|
|Cash and cash equivalents|at the end||of||||
|the reporting<br>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<br>for:||||||
|Profit on disposal|offixed assets|||(532,663)|(297,917)|
|Interest received||||(30,990)|(1,183)|
|Decrease<br>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|





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





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## 

||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|



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|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<br>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<br>fund||||||125,778|(132,639)|100,000|93,139|
||Circuit model||trust fund||||434,736|802,606|526,000|1,763,342|
||Property<br>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<br>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|





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