# # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Thirak & Northallerton
Circuit|Thirak & Northallerton
Circuit|Thirak & Northallerton
Circuit|Thirak & Northallerton
Circuit|||Circuit No:|29/23| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Statement|||ofFinancial||Activities (SOFA) for the year ended|||||31August|2021|| ||||||||Circuit Model|Designated||||| |||||ucuruee
accrvrw|General
Fund
(Unrestricted)||Trust
(Unrestricted)|Funds
(unrestricted)||Restricted
Funds|Endowment
Funds|Total
31.08.2021| ||||||K||f|2|||6|6| |income||||||||||||| |1
Donadons
and legacies||||||0||||||0| |2
Income from monetary
investments||||||12|734||||220|966| |3
Income from investment|properties|||||2,241||||||2,241| |4 Assessments
on Churches|||||126,793|||||||126,793| |5
Capital Receipts||||||43,668|109,180|||||152,848| |6
Grants received||||||||||||0| |7
Other charitable
income||||||20,339||||||20,339| |8Tots I income|||||193,053||109.914||0|0|220|303107| |Expenditure||||||||||||| |9
Grants and donations||||||35,055||||||35,055| |10Salaries and associated|costs||||116,485|||||||116.465| |11Properly maintenance||||||1,375||||||1,375| |12Connexional
assessment|&|model trust||levy||2,520|7,954|||||10,474| |13District Assessment
&Levy||||||23,912||||||23,912| |14Depreciation||||||2,170||||||2,170| |15Oflice expenses||||||3,622||||||3,622| |16Other outgoings||||||13,629|24,090||||67|37.786| |17Total charhable
expenditure|||||198,748||32,044||||67|230,859| |18Gains/(losses)
on monetary||investments|||||651||||1,299|1,950| |19Gains/(losses)
on investment|||properties|||||||||0| |20 Net Income/(expenditure)||||||-5,695|78,521||||1,452|74,278| |21 Transfers between
funds||||||43,344|-43,300||||-44|0| |22 Other gains/(losses)||||||||||||0| |23 Net movement
in funds||||||37,649|35,221|||0|1,408|74,278| |24Total funds brought
forward|||||659,180||209,078|||0|33,665|901,943| |25Total funds can ied forward|||||690,829||244,299|||0|35,093|976,221| ## ||||||||||Circuit Model|oeslgnated||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||Notes to the|General|Fund|Trusts|Funds||Restricted||Endowment||| |||||||ersounts|(Unrestricted)||(Unrestricted)|(unrestncted)||Funds||Funds|Totals 2C21|Totals 2020| ||||||||2||2|||E||K||| |Fixed Assets||||||||||||||||| |Circuit Menses &E
ui|ment||||||535447||||||||535,447|537,617| |Investmant
pro erties||||||||60,000|||||||60,000|60 000| |Investments||||||||||||||||| ||Total||gxed||assets||595P47||||0||0|0|595,447|597,617| |Current Assets||||||||||||||||| |Debtors||||||||7456|||||||7,456|20383| |Loans b
the Circuit||||||||||||||||| |Investments
vnth TMCP|||||||||244299|||||35,093|279,392|242,703| |Central Finance Board|De||sits|||||45 132|||||||45 132|17,531| |Cash at Bank and in hand||||||||82,018|||||||82,018|53,103| |Tofal current|||||assets||'134,606||244,299|||||35.093|413.990|333.700| |Current
liabilities||||||||||||||||| |Creditors (due in under|1|ear||||||33,224|||||||33,224|29,454| |Grants payable
within
Total|2020)21
current liabilities|||||||33224|||||||33.224|29454| |Net cunent|assetsfffabflides||||||101,382||244 299|||||35093|300,774|304326| |Total assets fess|currenf llabgltles||||||696,829||244,299||0||0|35,093|976.221|901,943| |Long term liabilities||||||||||||||||| |due after more than|one|year)||||||||||||||| |Loans to the Circuit||||||||||||||||| |||||Nef|assets||690,829||244,299|||||35,093|976,221|901,943| |Funds ofthe Circuit||||||||||||||||| |General
Fund (Unrestricted)|||||||696,829||||||||696,829|059,100| |Circuit Model Trust Fund (Unrestricted)|||||||||244,299||||||244,299|209,078| |Desi noted Funds (Unrestricted|||||||||||||||0|| |Total Unrestricted|||||Funds||||||||||941,120|868,258| |Restricted Funds|||||||||||||0||0|| |Endowment
Funds||||||||||||||35,093|35,093|33,685| ||||Total||Funds||696,829||244,299||0||0|35,093|976,221|901.943| ## |1Basis|ofaccounting||||| |---|---|---|---|---|---| ||The financial statements
have been prepared
under the Charities Act 2011 in accordance
with the 2014version ofAccounting||and||| ||Reporting
by Charities: Statement
of Recommended
Practice (SORP) applicable to charities preparing
their accounts
In accordance
with
the Financial
Reporting
Standard
for Smaller Entitles applicable
in the UK (effective from
1 January 2015)—the Charitie SORP
(FRSSE)—in replacement
for the SORP's 2005 version specified
in its related 2008 Regulations
and in accordance
with the 'true and||||| ||fair ovemde'
provision
contained
therein.||||| |2Funds|||||| ||The funds held constitute: General Funds are held for any purpose ofthe Circuit which are unrestricted.
The Circuit Model Trust Fund||||| ||has wide purposes
defined
in Standing
Orders, and is categorlsed as unrestricted.
Restricted funds
are held for nenuwar
purposes
There are also the following
Endowment
funds as listed. Details ofeach material
fund are disclosed
in the note 12to these accounts.|||.|| ||Any funds may be represented
by more than just cash.||||| |3Aocounbng
policies|||||| |Basis|||||| ||These accounts have been prepared
on the basis of historical cost except that investments
are shown at their market|value st|the end||| ||ofthe year, on the accmals basis to show a true and fair view ofthe Circuit's Rnancial
posigon and activities.||||| |Income|Recognition||||| ||Income is included
in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled to the resources,|and the|trustees||| ||are reasonably
certain they will receive the resources, snd
the monetary
value can be measured
with sufficient
reliability.||||| |Resources Expended|||||| ||This is recognised
when a liability is incurred,
or a constructive
obligation arises, that results
in the payment
being unavoidable.||||| ||Liabilities are recognised as soon as an oufflow ofeconomic benefit is considered
more likely than not under the legal|or constructive|||| ||obligation
committing
the Circuit to pay out resources.||||| |Grants|||||| ||Grants made by the Circuit from its own funds are recognised
in full at the time ofagreement
or when the Circuit accepts that there isa
legal or operational
obggation
to make the payment.
When the grant is recurrent
over more than one year the balance payable
in future||||| ||years is treated as a provision
for future commitments
in the Balance Sheet against the appropriate
fund, the provision|being released|||in| ||future years as instalments
are paid in accordance
with the originally agreed terms.||||| |VAT|||||| ||Since the Circuit is not VAT registered,
all input VAT is charged
with the expenses to which
it refers.||||| |Tangible|fixed assets for use by the Circuit
These are capilalised
ifthey can be used for more than one year, and Individually
cost st least F1,000.||||| ||The freehold
property is shown
in the accounts at cost. No depreclaiion
is provided
on the buildings
because the trustees consider|||the|| ||current residual
fair value ofthe manse
buildings
(on the assumption
that they had reached the end oftheir useful economic lives by|||the|| ||year-end) to be not less than its current value. Any depreciation
would not be material.
The properties
have been reviewed
for||||| ||impairment.
Depreciation
on Fixtures is calculated
on a straight
line basis to write offthe assets over their anticipated|useful lives.|||| |Investment|||||| ||Investment
properties - The property was revalued
on 23rd August 2016by MW Darwin 5Sons Chartered
Surveyors.||||| |Debtors|and Prepayments||||| ||Debtors are largely payments
relating to the sale of properties||||| |Creditors|||||| ||Creditors
include both sundry expenses and specifically the 1stquarter assessment
received
in August.||||| |Impact|ofAccounting
changes
A statement
is required
ifthere has been any restatement
required to previous
reported
Information
as a consequence|ofthe new|||| ||SORP.||||| ## ||||For The Yea|r Ended 31stAu|r Ended 31stAu|gust 2021||| |---|---|---|---|---|---|---|---|---| |||||Circuit Model|||2021|2020| |5.Investment
income|||Unrestricted|Trust|Fund|Restricted|Total|Total| |Income from monetary|investments||57||734|170|961|2,702| |Rental income|||2,241||||2,241|1,152| |Total|||2,298||734|170|3202|3854| |6.Paid employees||||||||| |Staff Costs paid during|the year were:|||||||| |Gross wages, salaries|and benefits|in|kind||||116,465|115,136| |Total staff costs|||||||116,465|115,136| |Average
number ofstaff employed||during the year were:||||||| |7. Tangible Fixed Assets||||||||| |Cost or valuation||||Two Menses
8||Fixtures
f||Totalf| |Balance brought forward||||534,569||16,229||550,798| |Additions at Cost||||||||0| |Balance carried forward||||534,569||16,229||550,798| |Accumulated
depreciation:||||||||| |Balance brought forward|||||0|13,181||13,181| |Depreciation
charge for year|||||0|2,170||2,170| |Balance carried forward|||||0|15,351||15,351| |Net book value||||||||| |Brought forward||||534,569||3,048||537,617| |Carried forward||||534,569||878||535,447| ## ## ## |Analysis|ofinvestment
movements|||| |---|---|---|---|---| ||||2021|2020| |Change|in investment
values|||| |Canying|(market) value at beginning|ofyear|60,000|60,000| |Net gain/(loss)
on revaluation|||0|0| |Carrying|(market) value at end ofyear||f60,000|660,000| ## |For The Year Ended 31stA|ugust 2021|| |---|---|---| |9.Analysis ofcurrent assets|This year|Last year| |Debtors and prepayments|8|8| |Other debtors|7,456|20,383| |Total debtors and prepayments|7 444|20,383| |Analysts ofcash at bank||| |Bank balance held in HSBC Bank (General Account)|82,018|37,866| |Bank balance held in Yorkshire Bank (Rental Account)|0|13,950| |Bank balance held in HSBC Bank (Copier Account)|0|1,045| |Petty Cash Account (bank card)|0|242| |Total Cash and Bank|82,018|53,103| |10.Analysis ofcurrent liabilities and long term creditors||| |Prepaid Assessments|33,224|29,454| |Other Creditors||| |Total Current
Liabilities|33,224|29,454| ## |||||||||||I0||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||Cl
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