# # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||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|||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |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|||||||||||| |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.|||||||||| |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.|||||||||| |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.||||||||||| |||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||||||||||| ||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| ## |||||||||||'a|||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||||Cl|||| |||||||||||N|ID|Cl|| |||||||||||N|IO|N|| |||||||||||N|||| |||||||||||||E|| |||||||||||4I
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