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← Grimsby And Cleethorpes Methodist Church Circuit

2023-08-31-accounts

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Ann Conn
J Derek Holroyd
Elizabeth Kershaw
Melanic Dickerson

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Statement
of Financial		 Statement
of Financial		 Activities Activities {SOFA)for the year ended {SOFA)for the year ended {SOFA)for the year ended {SOFA)for the year ended 31August 2023
Flottergate
JShort		 31August 2023
Flottergate
JShort		 31August 2023
Flottergate
JShort		 31August 2023
Flottergate
JShort
Notes to Circuit Model Designated Homes Trust
the General Fund Trust Funds Restricted Endowment Total
accounts (Unrestricted) (Unrestricted) (Unresbicted) Funds Funds 2022-23
E K K K
Income
1
Donations and legacies		 4 95 0 0 95
2
Income rrommonetary
investments		 5 T,652 1,191 608 9,452
3
Income Irominveslment
properties		 5,866 0 0 5,866
4 Assessments
on Churches		 188,505 0 0 188)505
5
Capital Receipts		 6 0 5T,892 0 57,892
6 Grants received 0 0 0 Q
T
Other charitable income		 ? 1,692 0 0 23,806 0 25,499
8Total income 203,810 59,083 0 23,806 608 287,307
Expenditure
9 Grants and donations 0 0 0 0 Q
10Salaries and associated costs 10 125,833 0 0 D 125,833
11 Property maintenance 81,670 0 14,256 0 95,926
12Connexional
assessment
8 levy on		 sales Q 0 Q Q 0
13District Assessment
8 Model Trust		 levy 48,555 1,681 0 0 5Q,236
14Depreciation 0 0 D 0 0
15Once expenses 8,527 0 0 0 8,527
16Other outgoings 5,612 192 Q 59 5,862
17Total charitable
expenditure		 270,197 1,8T3 14,256 59 286,385
18Gains/(losses)
on monetary
investments		 0 (285} 0 0 (285)
19Gains/(losses)
on investment		 properties (30,QQD) 0 0 0 (30,000}
20Net income/(expenditure) (96,386) 56,924 9,550 549 (29,363)
21 Transfers between
funds		 53,420 (43,82Q} (9,550) 0 50
22Other gains/(losses) 12,996 D 0 (875) 12,121
23Net movement
infunds		 2997 13,1Q4 0 3 17,192
24Total funds brought
forward		 1562652 21 300 1,651 210
25Total 1'unds carried forward 153 682 0 0 20 974 1634018

Name of Circuit Grirnsby 5Cleethorpes Circuit No 17/5
Statement of Financial Activities (SOFA) for the year ended 31 August 2022
Flottergate
JShort
Notes to Circuit Model Designated Homes Trust
the General Fund Trust Funds Restricted Endowment Total
accounts (Unrestricted) (Unrestricted) (Unrestricted) Funds Funds 2021-22
Income
1
Donations and legacies		 0 0 0 0 0
2
Income from monetary
investments		 987 5% 0 634 2,Q51
3
Income from investment		 properties 8,490 0 0 0 8,490
4 Assessments
on Churches		 184,206 0 0 0 184,2Q6
5
Capital Receipts		 0 0 14,618 0 14,618
6 Grants received 0 0 0 0 0
7
Other charitable
income		 2,837 0 16,134 0 17,9T1
8Total income 196,520 530 29,752 534 227335
Expenditure
S Grants and donations 2,500 0 0 0 2,500
10Salaries and associated costs 10 130,13T 0 0 Q 130,13T
11 Property maintenance 48,137 0 56,610 0 103,T47
12Connexional
assessment		 8 levy on sales 0 0 0 0 Q
13District Assessment
8 Model Trust		 levy 44,704 4,386 0 0 49,Q89
14Depreciation 0 0 0 0 0
16OFice expenses 8,046 0 0 0 8,045
16Other outgoings 10,528 392 0 63 10,983
17Total charitable
expenditure		 244,051 4,777 55,610 63 304501
18Gainsl(losses)
on monetary
investments		 0 (461} Q 0 (461)
19Gainsl(losses)
on investment		 properties 0 0 0 0 0
20Net incornel(expenditure) (47,531) (4,698) (25,858) 471 (77,616)
21 Translers between
funds		 39,882 (66,740) 26,858 0 0
22Other gains/(losses) 410,000 0 0 (1,382} 408,618
23Net movement
in funds		 40 351 70, 0 910 331,002
24Total funds brought
forward		 1,160,301 137,6S6 22,210 1,320,207
25Total funds carried forward 156 652 67 258 21 300 1 65121Q

General Fund Circuit Model Restricted EndotNtaent Totals 2023 Totals 2023
incl Fl Trusts Designated Funds Funds
Hontes(Unrest (Unrestricted) Funds
Notes to the ricteto (Unrestricted)
Accounts F.
Fixed Assets
T
ible Fixed Assets		 11a 762493 762493
Investrrent
erlies		 11b 5QQ QQQ
Investrrerts 6436 20974 27410
Total Sred assets 1262493 20974 1 89903
Current Assets
Debtors 13 10 176 10176
Loans b
the Circuit		 16 18000 18,00Q
Trustee
Investment
Fund at TMCP		 35 890 73 927 109817
Central Finance Board Deposits 218946 218946
Cash at Bank and in hand 13 26 779 26779
Total current assets 0 383T19
Current
liahigties
Creditors (due
in under		 1 year) 39604
Grants
a able within 2021-22
Total currant lialt8i5es
Net current assatsyliltllltfes 0 3441%
Total assets less current SaMi5as 0 20 74 1634018
Lang term (lab(lftiee
due after
more than ane		 ear
Grants
a able after 2021-22
Loans tothe Circuit
1,632,682 20/74 1634018
Funds ofthe Circuit
General Fund
Unrestricted		 1 532 682 1 682
Circuit Model Trust Fund (Unrestricted)
Total ante strlcteol Funds 1613044
Restricted Funds
En~rt Funds 209T4 20 74
Total Funds 20974 1634018

General Fund General Fund General Fund Circuit Model Restricted Endowteent Totals 2022
inc I Fl Trusts Designated Funds Funds
Hontes(Unrest (Unrestricted) Funda
Notestothe rktet0 {Unrestrktedj
Accounts
Fixed Assets
T
ible Fixed Assets		 11a 762,493 762,493
Irnestrrert
r
rties		 11b 530000
Imestnents 6 721 21 30Q 28 Q21
Total ffxed assets 1 4&3 6721 21300 1320514
Current
As,sets
Debtors 13 9 472 9,472
Loans b
the Circuit		 22 QQQ 22 QQQ
Trustee
Irwestment
Fund at TMCP		 16 839 60 537 77376
Central Finance Board Deposits 238 598
Cash at Bank and in hand 13 30 780 30780
Total current assets 31T 68
Current
liahifftfes
Creditors (due in under 1 year} 47 532 47 532
Grants
able vithin 2021-22
Total current!iaitiftfics
Net current assetsifattti@ies
Total assets less current liaftiNes 21300 1651
Longtertn
Ifabffftfes
due after more than one r
Grants
a able after 2021-22
Loansto the Circuit
21300 1661 10
Funds ofthe Circuit
General
Fund
Unrestricted		 1 562 652
Circuit Model Trust Fund (Unreslricted
Total Unrestricted Funds 1629 10
Restricted Funds
Endowment
Funds		 21300
Totttf Funds 1662 662 67 8 0 21300 1661 10

Grimsby 8 Cleethnrpes Grimsby 8 Cleethnrpes Grimsby 8 Cleethnrpes Circuit
Unrestricted Circuit
Trust		 Mod@
Fund		 estrlcted Endownent Total
f f E E f
4.Donationsand
Legacies
Year to 31stAugust ZI23
Donations 95
Legacies
95
Yearto 31stAugust 3)22
Donations
Legacies
5.Income from monetary investments
Year to31stAugust 2023
Central Finance Board 7,616 7,616
TMCP 37 1,191 1/36
Other
Total 7 652 9 52
Year to 31stAugust 3)22
Central Finance Board 936 906
TMCP 81 1+45
Other
Total 2 51
Thisyear
E
Sale of closed Church -South Killingholme 57,892 0
Bank balances Introduced
from		 Flottergate Homes 0 14,618
57 892 14618
7.Other Charitable Income
Balances from Closed Churches
Transfer from Closed Churches 0 0
Various 1,692 2,837
Flottergate Homes Income (mainly Rents) 23 151&i
17,971
8.PaYrnent toTrustees
With the excels ion ofStipends paid to ministers, no ~yment s were made to trustees for addt iona l
services providedto the Circuit by agreement with the Circuit Messing
Number oftrustees who were paid expenses
Nature ofthe expenses
Expense paymerts primarily reiateto reimbursement
for travel		 costs
Total Amount
Paid		 1 18
9.Feesfor esamhatlon or audit ofthe accounts
lndepeident
examiner's		 oraudtors' fees for reporting
on		 the
accounts
Other fees Keg: adrice, accountancy services) paidto the nil nil
indelmxlent
examiner oraudtor
10Paid employees {including Ministers)
Staff costspaid during the Yearwere:
Gross wages, salaries and benefits in kind
Employer's
National		 Insurance Costs
Psrision Costs 34' 7'
Total Staff Costs 1X)137
Average number ofstaff anplayed (hrirg theyear were

(excluding Investment
Properties)		 (excluding Investment
Properties)
Cost or valuation Yearto 31stAu ust2023
Residential Land Other Land Manses Other builidn gs Total
f f f f
Balance bro tforward 370,000 9,243 383,250 762,493
additions
Flotter
te Homes
Revaluations
+/-
Dis
sals-
Transl ers* x/-
Balance carried forward 370,000 9,243 383,250 762,493
Accumulated
d		 ep reel etio n
*~Basis SLor RB SLor RB
Balance bro tforward
De
eciation char efor		 ear
Revaluations
x/-
Dis
sals-
Transfers'
x-
Balance carried forwards
Net book value
Bro
tforward		 370,000 9,243 383,250 76 493
Carried forward 370,000 9,243 383,250 762,493
Cost or valuation Yearto 31stAu ust 2022
Residential Lend Other Land Menses Other builidn gs Total
f f f
Balance bro tforward 370,000 9,243 383,250 762493
Add tions
Revaluations
+/-
Dis
sais
Transfers* x-
Balance carried forward 370,000 9243 383250 762,493
Accumulated
depreciation
~~Basis SLor RB SLor RB
~*Rate
Balance bro tfonvard
De
eciation char efor		 ear
Revaluations
x/-
Dis
sals-
Transfers*
x/-
Balance carried forwards
Net book value
Bro
tforward		 370,000 9,243 383,250 762,493
Carried forward 370,000 9,243 383,250 762,493
(Investment
Prop		 (Investment
Prop		 erties)
Cost or valuation Year to 31stAu ust2023
Residential Lan d Other land Manses Other builldngs Total
f
Balance bro tforward 210,000 320,000 530 000
Additi on s
Hurnbersto
n		 50 000 70,000 120,000
Revaluations
+/-		 -60,000 -60,000
Dis osals- -30,000 -60,000 -90,000
Transfers'
x/-
Balance carried forward 230,000 270,000 500 000
Accumuasted
depreciation
**Basis SLor RB SLor RB
'*Rate
Balance bro
ht forward
D
reciation char		 efor ear-
Revaluati ons x-
Dis osals-
Transfers'
x-
Balance carried forwards
Net book value
Brou
forward		 210I000 320 000 530000
Carried forward 230,000 270 000 500,000
Cost or valuation Year to 31stAu st20?2
Residential Land Other land Manses Other builidn ps Total
Balance bro
ht forward		 30,0DD 90,000 120,00D
Additi ons
Central
Hall		 70,000 70,000 140,000
Bea cont ho r 80,000 100,000 180,000
South Killin
holrne		 30,000 60,0DD 90,000
Reva luati ons +
Dis osals-
Transfers'
Balance carried forward 210,000 320,000 530,000
Accumulated
d		 epreciatio n
**Basis SLor RB SLor RB
'*Rate
Balance bro
ht forward
D
reciationchar		 efor ear-
Revaluations
x/-
Dis osals-
Transfers*
x/-
Balance carried forwards
Net book value
Brou
ht forward		 30,000 90,000 120,000
Carried forward 210,000 320,000 530,000

Managing Trustees corn ply wit
the Methodist
Conference.		 h c h ari ty law and M ethodist
la		 w and policy as deter mined
by
This year Last Year
Investments
listed on a reco		 ised Stock Exchan
Investments
held
in comm on investment		 funds 27,410 28,021
Securities not listed on a reco ised Stock Exchan e
Other investments
Total 27,410 28,021
Chan
e in investment
values
Carryin
(market) value at be
innin		 of year 28,021 29,382
Add: additionsto
investments		 at cost
Less: di
osals at carr
in
value
Net
in! loss on revaluation		 611 1,361
Carr
in
market
value at end		 of ear 27 410 28,021
13.Analysis af current assets
Debtors and prepayments
Pre paid Stipends 10176 9,472
Accrued
incom e
Othe r debt ors
Total debtors and prepaym ants 10,176 9,472
Analysis af cash at bank
Bank balance held at HSBC 26,779 30,780
TotalCash
and Bank		 26,779 30,780
14.Analysis af curre nt liabilkies and long term credito rs
Trade Credit ors
Othe r Credit ors being pre pal d Assess m ents 39 604 47,532
Tata ICurrent
Uabilities		 39,604 47,532
15.Capital Commitments
and		 Contingent Liabilities
At 31st August 2023 the Circuit has no capital commitments (2022:Nil),
No Contingent
liabilities were		 identified at 31st August 2023 (2022: None),

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Signature gA<rt Signature S&s4th1 Zthé

There are three banking accounts held
HSBC Grimsby F21,006.48
Central Finance Board f218,945.98
TMCP Manchester 73,860.11
Surplus
Funds Account		 16,839.26
Investment
Fund		 6,580.48
SKTMCP Fund 34,667.73

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TMCP Levy SK 9,472.96
TMPC Admin
Charges		 191.69
Paid to General Account 43,820.00
Closing Balance 73,860.11
Surplus
Funds		 16,839.26
Special investments/SK 34,667.63
Closing Balance 6131,947.58