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|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|
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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|
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||||||||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|||||
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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|
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|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|
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|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|
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|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||||||
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||||||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|
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|||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|
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||||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|
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|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|
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||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|,
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)|
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