| Contents | Page |
|---|---|
| Trustees' Annual Report. | 3-14 |
| Statement ofFinancial Activities | 15 |
| Balance Sheet. | 16 |
| Notes to the Accounts | 17-32 |
| Declarations and Scrutiny . |
33-35 |
fortheir own reserves which we fee 3.4 The mix offunds |
fortheir own reserves which we fee 3.4 The mix offunds |
l conti | nue to be stretched |
in this c |
|---|---|---|---|---|
| The reserves held at the end ofthe |
ear | were as follows | ||
| Unrestricted funds |
||||
| General Fund | 956 | |||
| District Advance Fund | 145 | |||
| Total unrestricted funds |
1,101 | |||
| Rock Trust a restricted District Disci le Enabler |
fund a desi |
nated | fund | 41 |
| Total funds | 1,286 | |||
| Total unrestricted funds Less:Tiedu in freehold |
ro e | /assets | 1,101 723 |
|
| Total readil available |
reserves | 378 |
| District | Designated | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | Advance | Funds | |||||||||||
| tothe accounts |
General Fund (Unrestricted) |
Fund (Unrestricted) |
(Restricted ) |
Restricted Funds |
Total 2019-20 |
Total 2018-19 |
|||||||
| Income and Endowments | from: | ||||||||||||
| 1 | Donations and legacies | 356 | 356 | 503 | |||||||||
| 2 | Income from investments | 3,654 | 4,761 | 2,524 | 10,939 | 12,606 | |||||||
| 3 | Incomefrom charttable activities |
||||||||||||
| 4 | Assessments on circuits |
128,000 | 128,000 | 123,523 | |||||||||
| 5 | From Circuit Model Trust | Funds | 103,856 | 103,856 | 104,042 | ||||||||
| 6 | Contribution tothe cost ofthe |
Chair | 41,050 | 41,050 | 39,963 | ||||||||
| 7 | Con nexional Advance &Property |
Fund | 55,273 | 20,549 | 75,822 | 70,049 | |||||||
| 8 | Other income | 2,032 | 2032 | 8,192 | |||||||||
| 9 | Total income | 175092 | 163890 | 20549 | 2524 | 362055 | 358878 | ||||||
| Expenditure on charitable |
activities: | ||||||||||||
| 10 | Grants and donatons | 17,562 | 3,902 | 2,232 | 23,696 | 293,936 | |||||||
| 11 | Salaries and associated costs, inc | Chair | 142,861 | 142,861 | 108,470 | ||||||||
| 12 | Property | 24,325 | 24,325 | 26,109 | |||||||||
| 13 | Office expenses | 11,046 | 970 | 292 | 12,308 | 17,044 | |||||||
| 14 | Synods, committees, Conference |
10 | 10,198 | 10,198 | 17,096 | ||||||||
| 15 | Otheroutgoings | 14940 | 14940 | 18024 | |||||||||
| 16 | Total expenditure | 220932 | 4 | 872 | 2 | 524 | 228 328 | 480 679 | |||||
| 17 | Net unrealised gains on fixed |
assets | 0 | 220 000 | |||||||||
| 17 | Net unrealised gains/(losses) investments |
on | -1887 | -2 | 001 | -3888 | 2699 | ||||||
| 18 | Net income | %7727 | 159018 | 20549 | -2 | 001 | 129839 | 100898 | |||||
| 19 | Transfers between funds | 13 | 51 549 | -51 | 549 | 0 | 0 | 0 | 0 | ||||
| 20 | Net movement in funds |
3822 | 107 | 469 | 20 549 | -2 | 001 | 129839 | 100898 | ||||
| Reconciliation offunds: | |||||||||||||
| 21 | Total funds brought forward |
952 199 | 37 | 555 | 20 549 | 146150 | 1 156453 | 1 055555 | |||||
| 22 | Total funds carried forward | 956021 | 145024 | 41098 | 144149 | 1 286 292 | 1 156453 |
| Notes tothe Accounts |
Notes tothe Accounts |
General Fund |
General Fund |
DAF | Designated Funds |
Restricted Fund |
Total | Total | Total 31/08I2019 |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A b |
Fixed assets Tangible fixed assets |
14 | 723,286 | 723,286 | 720,000 | |||||||
| c | Investments with TMCP |
15 | 110,997 | 484,606 | 0 | 144,149 | 739,752 | 741,544 | ||||
| d | Total fixed assets | 834283 | 484606 | 0 | 144149 | 1 | 463038 | 1461 544 | ||||
| e f |
Current assets Debtors and prepayments |
1,179 | 1,179 | 2,470 | ||||||||
| 6 h |
Central Finance Board deposits Cash atbank |
17 17 |
126,163 'l,245 |
41,098 | 167,261 1,245 |
145,746 -1,142 |
||||||
| i | Total current assets | 128,587 | 0 | 41,098 | 169,685 | 147,074 | ||||||
| Less: Current liabilities | ||||||||||||
| j k m |
Creditors due in under oneyear Gran ts payable in 2020-21 Total current liabilities |
18 19 |
6,849 6849 |
5,150 178,488 18363& |
11,999 178,488 190487 |
4,436 182,657 187093 |
||||||
| n | Net current assets/liabilities | 121,738 | -183,638 | 41,098 | -20,802 | -40,019 | ||||||
| p | Total assets less current liabilities | 956,021 | 300,968 | 41,098 | 144,149 | 1,442,236 | 1,421,525 | |||||
| Less: Long term liabilities | ||||||||||||
| (due after more than one year) Grants payablefrom 2021-22 |
155,944 | 155,944 | 265,072 | |||||||||
| r | Net assets | 956021 | 145024 | 41098 | 144,149 | 1 286292 | 1 156,453 | |||||
| Funds ofthe District | ||||||||||||
| s t |
General Fund (unrestricted) District Advance Fund(unrestricted) |
20.1 | 956,021 | 145,024 | 956,021 145,024 |
952,199 37,555 |
||||||
| U | Total unrestricted funds |
1,101,045 | 989,754 | |||||||||
| 41,098 | 41,09& | 20,549 | ||||||||||
| Designated Funds |
||||||||||||
| v | Restricted Fund | 21 | 144,149 | 144,149 | 146,150 | |||||||
| w | Total Funds U derthea th |
dtynrthet | st esgi | natthrarme | 956021 tingnn |
145024 41098 i$~ |
144149 gest |
1 286 292 | 1 156453 | |||
| Signed by Rev | Dr David M Chapman, Charof | District and signed by Lynne Ling, Synod Secretary |
||||||||||
| } )~ 2.o&I | 16 | Date ofsigning iI~~MQ |
pension contributions ofthe Chair of District are paid by Chair's other costs are met mostly by the District. |
the Methodist Conne |
xion. The |
|---|---|---|
| 2019-20 | 2018-19 | |
| E | F | |
| Stipend of Chair of District, Rev Dr David Chapman Employer's National Insurance Contributions Employer*s pension contributions District Chair Allowance Com in Mist Allow Cash cost aid b the Connexion see SOFA Chair's ex enses Total cost |
24,852 3,120 6,700 6,213 165 47,050 5,659 46,709 |
24,225 3,005 6,517 6,056 161 39,963 7,472 47,435 |
| Other inco | me [F2 | ,03 | 2 (2018-19: | F8,192)] in the SOF | A includes: | ||
|---|---|---|---|---|---|---|---|
| 2019-20 | 2018-19 | ||||||
| E | |||||||
| From MCF | forcosts | ofdelegates | from BEH attending | the | 698 | ||
| annual Methodist |
Conference | ||||||
| Contribution | towards | Probationers | Retreat at Launde | Abbey | 4,921 | ||
| East An lia- |
|||||||
| ERTP Closure | 2,148 | ||||||
| Expenses | Reimbursement | 1,705 | |||||
| Other | 327 | 425 | |||||
| Total | 2,032 | 8,192 |
| rough relevant ollowing grants |
grants as assessed were made: |
grants as assessed were made: |
by the Di | strict Grants Com | mittee. During the |
mittee. During the |
year the |
|---|---|---|---|---|---|---|---|
| 2019-20 | 2018-19 | 2019-20 | 2018-19 | ||||
| F | E | F | |||||
| Grants | 52,489 | ||||||
| To Churches | Returns Accrued |
(120) 5,000 |
For Projects | 500 | 12,300 | ||
| To Circuits | Net Grants Returns |
57,369 24,500 0 |
58,946 | For Ministry | Returns PIA |
102,479 (120) 840 |
|
| Net | 24,500 | 47,900 | Net | 103,199 | 98,786 | ||
| To institutions | 81,869 | 106,846 | For equipment | ||||
| To others | Grants Accrued |
33,500 150 |
Other | 13500 | 19500 | ||
| Net | 33,650 | 16,150 | |||||
| Grants | 840 | ||||||
| To individuals | PIA | 840 | |||||
| Net | 1,680 | 7,590 | |||||
| Total | 117,199 | 130,586 | 117,199 | 130586 |
| Gross salaries paid ollows: |
to five part | tim | e and one full time employees | (2018-19:fou | r) were as |
|---|---|---|---|---|---|
| 2019-20 | 2018-19 | ||||
| E | |||||
| Gross a |
91,132 | 58,937 | |||
| Employer's National |
Insurance | Contributions | 4,615 | 2,940 | |
| Employer's pension schemes and death |
contributions to defined contribution in service benefit |
5,231 | 5,474 | ||
| Total costs of6 (2018-19:4)5xpart time81xfull time staff |
100,977 | 67,351 | |||
| Cost of Chair see | Note 5 | 41,050 | 39,963 | ||
| CFBchar es | 480 | 480 | |||
| Consultant | 385 | ||||
| A renticeshi levies |
291 | ||||
| Total staff costs | 142,861 | 108,470 | |||
| Total weekly contracted hours |
for | 5(2019:four) part time staff | 120 | 75 | |
| And one full time staff |
| 2019-20 | 2018-19 | |||||
|---|---|---|---|---|---|---|
| E | ||||||
| District | office, | rent | and | services | 18,666 | 18,637 |
| Chair's | manse | 5,659 | 7,472 | |||
| Total | 24,325 | 26,109 |
| 2019-20 | 2018-19 | ||
|---|---|---|---|
| Printin, osta e and statione |
1,940 | 2,136 | |
| Tele hone | 2,487 | 2,466 | |
| Insurance | 1,339 | 1,119 | |
| Safeguarding | 4,189 | 8,714 | |
| Inde endent |
examination | 816 | 750 |
| Other | 53 | 395 | |
| Total charged to General Fund | 10,&24 | 15,579 | |
| TMCP char | es | 1,484 | 1,465 |
| Total | 12,308 | 17,044 |
| 2019-20 | 2018-19 | |||
|---|---|---|---|---|
| SynodsK Committees | 3,337 | 8,041 | ||
| The Methodist | Conference | |||
| Conference expenses | reimbursed | 698 | ||
| Chair's travel | 6,087 | 6,816 | ||
| District Polic | Committee, as char ed | 774 | 1,077 | |
| Total | 10,198 | 17,096 |
| District Polic Committee, as Total 1 Other Outgoings |
char ed 774 10,198 |
1,077 17,096 |
|---|---|---|
| 2019-20 | 2018-19 | |
| Training | 12,923 | 16,569 |
| Other costs | 2,017 | 1,455 |
| Removal | ||
| Total | 14,940 | 18,024 |
| General | DAF | Rock | Total | |
|---|---|---|---|---|
| Fund | ||||
| Trustees | 5,897 | 484,606 | 32,720 | 523,223 |
| Investment | (3,963) | (484,443} | (32,720) | (514,893) |
| Fund | ||||
| Managed Mixed Fund |
105,100 106,697 |
Nil Nil |
111,429 113,430 |
216,529 217,718 |
| Total | 110,997 | 484,606 | 144,149 | 739,752 |
| 110,910 | 484,443 | 146,150 | 732,611 |
| ayments in advance at 31Au |
gust 2020 | will be expensed i |
n 2020-21. |
|---|---|---|---|
| 2019-20 | 2018-19 | ||
| F | |||
| Trade debtors | |||
| DIS recharge to Northampton | district | ||
| Design and print ofdirectory | |||
| Pre a ments | |||
| CCT | 158 | ||
| Training | 800 | ||
| Insurance 114+95 |
209 | 216 | |
| Synod deposit | 100 | ||
| 3Generate grants | 840 | ||
| Printin | 170 | ||
| Total prepayments | 1,179 | 1,214 | |
| Loan from church | 1,256 | ||
| Total debtors | 1,179 | 2,470 |
| 8 Creditors |
|||
|---|---|---|---|
| 2019-20 f |
2018-19 f |
||
| Creditors | |||
| Expenses reimbursement | |||
| Independent examination Publications and office expenses |
816 16 |
750 60 |
|
| Salaries and consultant | fees | 184 | 185 |
| Safe uardin | 39 | 330 | |
| Ecumenical rant |
5,000 | ||
| Manse refurbishment | 110 | 132 | |
| Trainin Other Posta e 8 rintin |
77 | 292 30 691 |
|
| Tele hone | 73 | ||
| Synods/Committees Conference DPC Travel-DC Total trade creditors |
113 358 |
377 72 162 1283 4,436 |
|
| Accruals | |||
| Pension contributions |
|||
| Taxation and Social Security Total creditors |
6,849 | 4,436 |
| ovements during the year were as follows: |
||
|---|---|---|
| 2019-20 f |
2018-19 f |
|
| Market value at 01 Se tember 2019 | 146,150 | 144,761 |
| Investment income received during the year |
2,524 | 3,653 |
| Net unrealised loss on the value of investments at the year end Grants paid during the year TMCP administration charge |
-2,001 -2,232 -292 |
1,389 -3,363 -290 |
| Reversal ofadustment to bid rice Market value at 31 Au ust 2019 |
144,149 | 146,150 |
| This is made up as follows: CFBMana ed Mixed Fund |
111,429 | 113,430 |
| Trustees' Interest Fund |
32,720 | 32,720 |
| Total | 144,149 | 146,150 |
| 22.1 Summary |
offund move | ments 2 |
019-20 | |||
|---|---|---|---|---|---|---|
| Fund | Balance at 01-Sep-19 Note 1 |
Income (Note 2) |
Expenditure | Transfers | Change in Liabilities |
Balance at 31-ALIA-2020 |
| General | 952,199 | 175,092 | -222,819 | 51,549 | 956,021 | |
| District Advance See Note 1 below |
37,555 | 163,890 | -118,169 | -51,549 | 113,297 | 145,024 |
| Total unrestricted | 989,754 | 338,982 | -340,988 | 113,297 | 1,101,045 | |
| Rock Trust | 146,150 | 2,524 | 4,525 | 144,149 | ||
| District Enabler | 20,549 | 20,549 | 41,098 | |||
| Benevolence | -0 | |||||
| Total restricted | 166,699 | 23,073 | -4,525 | 185,247 | ||
| Total Funds | 1,156,453 | 362,055 | 445,513 | 113,297 . | 1,286,292 |
| 22.2 Summary |
offund move | ments 2 |
018-19 | |||
|---|---|---|---|---|---|---|
| Fund | Balance at 01-Sep-18 Note 1 |
Income (Note 2) |
Expenditure | Transf ers | Change in Liabilities |
Balance at 31-Aug-2019 |
| General | 725,777 | 397,943 | -201,521 | 30,000 | 952,199 | |
| District Advance (See Note 1 below) |
185,017 | 158,043 | -131,548 | -30,000 | -143,957 | 37,555 |
| Total unrestri cted | 910,794 | 555,986 | -333,069 | -143,957 | 989,754 | |
| Rock Trust | 144,761 | 5,042 | -3,653 | 146,150 | ||
| District Enabler | 20,549 | 20,549 | ||||
| Benevolence | -0 | |||||
| Total restricted | 144,761 | 25,591 | -3,653 | 166,699 | ||
| Total Funds | 1,055,555 | 581,577 | 436,722 | -143,957 | 1,156,453 |
| , irectors. The following table shows the uring 2019-20. |
receip | ts from and | payments to |
related parti | es |
|---|---|---|---|---|---|
| 2019-20 | 2019-20 | 2018-19 | 2018-19 | ||
| Names ofConnected Organisations |
Receipts E |
Payments E |
Receipts E |
Payments | |
| Donee: Methodist Church Fund |
(522,880) | (534,689) | |||
| Donee: Methodist Church Connexion |
20,549 | 20,549 | |||
| Donee: Methodist Ministers' Children's |
Fund | (0) | (486) | ||
| Donor: Circuits within BEH(assessments) |
650,880 | 658,212 | |||
| Donor: Circuits within BEH (levies) |
103,856 | 104,042 | |||
| Donor: Churches within BEH |
356 | 503 | |||
| Donor: Circuits within BEH-Reimbursement Donee: Circuits within BEH |
1,317 (24,500) |
4,921 | (47,900) | ||
| Donee: Churches within BEH |
(52,369) | (58,946) | |||
| Donee: Individuals (re 3 Generate) |
(840) | (840) |