| Thirsk 8 Northallerton Circu |
Thirsk 8 Northallerton Circu |
Thirsk 8 Northallerton Circu |
Thirsk 8 Northallerton Circu |
it | Circuit No: | 29/23 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Statement | ofFinancial Activities (SOFA) for the | year ended | 31August | 2022 | |||||||
| Circuit Model | Designated | ||||||||||
| xoua iona accounts |
General Fund (Unrestricted) |
Trust (Unrestricted) |
Funds (unrestricted) |
Restricted Funds |
endowment Funds |
Total 31.08.2022 |
|||||
| f | f | 6 | |||||||||
| Income | |||||||||||
| 1 Donations and legacies |
0 | ||||||||||
| 2 Income from monetary investments |
92 | 1,306 | 219 | 1,617 | |||||||
| 3 Income from invesbnent |
properties | 5,430 | 5/30 | ||||||||
| 4 Assessments on Churches |
136,017 | 136,017 | |||||||||
| 5 Capital Receipts |
1,215 | 57,779 | 58,994 | ||||||||
| 6 Grants received |
0 | ||||||||||
| 7 Other charitable income |
17,723 | 17,723 | |||||||||
| 8Total income | 160,477 | 59,085 | 0 | 0 | 219 | 219,781 | |||||
| Expenditure | |||||||||||
| 9 Grants and donations | 4,817 | 80,743 | 26,716 | 112,276 | |||||||
| 10Salaries and associated | costs | 116,301 | 116,301 | ||||||||
| 11 Property maintenance | 3,306 | 3,396 | |||||||||
| 12Connexional assessment |
5 | model trust | levy | 1,820 | 9,715 | 11,535 | |||||
| 13District Assessment & Levy |
24,604 | 24,604 | |||||||||
| 14Depreciation | 677 | 877 | |||||||||
| 15ONce expenses | 5,454 | 5/54 | |||||||||
| 16Other outgoings | 20,445 | 696 | 100 | 21,241 | |||||||
| 17Total charitable expenditure |
177,714 | 91,154 | 26,816 | 295.684 | |||||||
| 18Gains/(lasses) on monetary |
investments | -264 | -526 | -790 | |||||||
| 19Gains/(lasses) on investment |
properties | 0 | |||||||||
| 20 Net income/(expenditure) | -17,237 | -32333 | -27,123 | -76,693 | |||||||
| 21 Transfers between funds |
-59,931 | 60,000 | -60 | 0 | |||||||
| 22 Other gains/(losses) | 0 | ||||||||||
| 23 Net movement in funds |
-77.168 | 27,667 | 0 | .27,192 | -76,693 | ||||||
| 24Total funds brought forward | 696,829 | 244,299 | 0 | 35,093 | 976,221 | ||||||
| 25Total funds carried forward | 619,661 | 271,966 | 0 | 7,901 | 899,528 |
| Circuit Model | Designated | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes to the | General | Fund | Trusts | Funds | Restricted | Endowment | ||||||||
| aocounts | (Unrestricted) f |
(unrestricted) f' |
(unrestricted) | Fundsf | Fundsf | Totals 2022 F |
Totals 2021 f, |
|||||||
| Fixed Assets | ||||||||||||||
| Circuit Menses 8Equipment | 534569 | 534569 | 535447 | |||||||||||
| Investment pmperlies |
60,000 | |||||||||||||
| Investments | ||||||||||||||
| Tote/ | Fixed | assets | 534,569 | 0 | 534,569 | 595,447 | ||||||||
| Current Assets | ||||||||||||||
| Debtors | 7,721 | 7,721 | 7,456 | |||||||||||
| Loans b the Cimuit | ||||||||||||||
| Investments with TMCP |
271966 | 7901 | 279867 | 279392 | ||||||||||
| Central Finance Board Deposits | 49624 | 49624 | 45 132 | |||||||||||
| Cash at Bank and in hand | 60,375 | 60,375 | 82,018 | |||||||||||
| Total current | assets | 117,720 | 271,966 | 7,901 | 307,587 | 413,998 | ||||||||
| Current liabilities |
||||||||||||||
| Creditors due in under I |
ar | 32626 | 32628 | 33,224 | ||||||||||
| Total current | liabilities | 32,628 | 32,628 | 33,224 | ||||||||||
| Net current aeaetadtablfttles | 85092 | 271 906 | 7901 | 364059 | 380,774 | |||||||||
| Total assets less cunent | li chili ties | 610,601 | 271,960 | 0 | 0 | 7,901 | 899,528 | 976,221 | ||||||
| Long term liabilities | ||||||||||||||
| due after more than one | ear | |||||||||||||
| Loans to the Circuit | ||||||||||||||
| Nat | assets | 619,661 | 271,966 | 7,901 | 899,528 | 976,221 | ||||||||
| Funds ofthe Circuit | ||||||||||||||
| General Fund Unrestricted) |
819,661 | 019,661 | 696,829 | |||||||||||
| Circuit Model Trust Fund (Unrestricted) | 271,966 | 271,966 | 244,299 | |||||||||||
| Designated Funds Unrestricted |
0 | |||||||||||||
| Total Unrestricted | Funds | 891,627 | 941,128 | |||||||||||
| Restricted Funds |
0 | 0 | ||||||||||||
| Endowment Funds |
7,901 | 7,901 | 35,093 | |||||||||||
| Total | Funds | 619,661 | 271.906 | 0 | 7,901 | 899,528 | 976,221 |
| Thirsk and Northallerton Methodist Circuit Notes to the Accourris For The Year Ended 31stAugust 2022 |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Basis | 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 | aocounts | in accordance | vriith | |||||||
| the Financial Reporting Standard for Smaller Entities applicable in the UK (effective from 1 |
January | 2015)—the Charities SORP | |||||||||
| (FRSSE)—in replacement for the SORP's 2005 version specified in its related 2008 Regulations and |
in accordance | with the 'true and | |||||||||
| fair override' provision contained therein. |
|||||||||||
| 2Funds | |||||||||||
| The funds held constitute: General Funds are held for any purpose ofthe Circuit which are | unrestricte. | The Circuit | Model Trust Fund | ||||||||
| has wide purposes defined in Standing Orders, and is categorised as unrestricted. Restricted funds |
are held for narrower 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 then just cash. |
|||||||||||
| 3Accounting policies |
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| Basis | |||||||||||
| These accounts have been prepared on the basis of histoncal costexcept that investments |
are shown | at their market | value at | the end | |||||||
| ofthe year, on the accruals basis to show a true and fair view ofthe Circuit's financial position and activities. |
|||||||||||
| Income | Recognition | ||||||||||
| Income is included in the Statement of Financial Activities (SOFA) when the Circuit becomes entitled |
to the | resources, | snd the | trustees | |||||||
| are reasonably certain they will receive the resources, and 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. |
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| Grants | |||||||||||
| Grants made by the Circuit from its own funds are recognised in full st the time ofagreement |
or when | the Circuit accepts that there is | a | ||||||||
| legal or operational obligation 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. |
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| 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 capitalised ifthey csn be used for more than one year, and individually cost at least 21,000. |
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| The freehold property is shown in the accounts at cost. No depreciation 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 msteriaL The |
properties | have | been reviewed for |
||||||||
| impairment. Depreciation on Fixtures is calculated on a suaight line basis to vwite offthe assets over |
their anticipated | useful lives. | |||||||||
| Investment | |||||||||||
| Debtors | and Prepayments | ||||||||||
| Prepayments relate to wages and insurance |
|||||||||||
| Creditom | |||||||||||
| Creditors include both sundry expenses and specifically the 1stquarier assessment received |
in August. | ||||||||||
| Impact | ofAccounting changes |
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| A statement is required ifthere has been any restatement required to previous reported information as |
a consequence | ofthe new | |||||||||
| SORP. |
| Circuit | Circuit | Model | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 5.Investment income |
Unrestricted | Trust | Fund | Restricted | Total | Total | |||
| Income from monetary | investments | 92 | 1,306 | 219 | 1,617 | 961 | |||
| Rental income | 5,430 | 5,430 | 2,241 | ||||||
| Total | 5522 | 1 306 | 219 | 7047 | 3,202 | ||||
| 6.Paid employees | |||||||||
| Staff Costs paid during | the year were: | ||||||||
| Gross wages, salaries and benefits | in | kind | 116,301 | 116,465 | |||||
| Total staff costs | 116301 | 115136 | |||||||
| Average number ofstaff employed | during the year were: | ||||||||
| 7. Tangible Fixed Assets | |||||||||
| Cost or valuation | Two | Manses | Fixtures | Total | |||||
| 6 | 6 | E | |||||||
| 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 | 15,351 | 15,351 | ||||||
| Depreciation charge for |
year | 0 | 878 | 878 | |||||
| Balance carried forward | 0 | 16,229 | 16,229 | ||||||
| Net book value | |||||||||
| Brought forward | 534,569 | 878 | 535,447 | ||||||
| Carried forward | 534,569 | 0 | 534,569 |
| Analysis | ofinvestment | movements | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Change | in investment values |
|||||
| Carrying | (market) value | at beginning | ofyear | 0 | 60,000 | |
| Net gain/(loss) on revaluation |
0 | 0 | ||||
| Carrying | (market) value | at end ofyear | KO | 660 000 |
| 9.Analysis ofcurrent assets | This year | Last year | ||
|---|---|---|---|---|
| Debtors and prepayments | ||||
| Other debtors | 7,721 | 7,456 | ||
| Total debtors and prepayments | 7,721 | 28383 | ||
| Analysis ofcash at bank | ||||
| Bank balance held in HSBC Bank (General Account) | 60,375 | 82,018 | ||
| Bank balance held in Yorkshire |
Bank (Rental Account) | 0 | 0 | |
| Bank balance held in HSBC Bank (Copier Account) |
0 | 0 | ||
| Petty Cash Account (bank | card) | 0 | 0 | |
| Total Cash and Bank | 80,375 | 82,018 | ||
| 10.Analysis ofcurrent liabilities |
and | long term creditors | ||
| Prepaid Assessments | 32,628 | 33,224 | ||
| Other Creditors | ||||
| Total Current Liabilities |
32,628 | 33,224 |
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