| Unrestricted funds |
Unrestricted funds |
|||
|---|---|---|---|---|
| General Fund |
1,138 | |||
| District Advance | Fund | 155 | ||
| Total unrestricted | funds | 1,293 | ||
| Rock Trust a restricted |
fund | |||
| District Disci le |
Enabler | a desi | nated fund | 41 |
| Total funds | 1,499 | |||
| Total unrestricted | funds | 1,293 | ||
| Less: Tied u in |
freehold | ro ert | lassets | 850 |
| Total readil available |
reserves | 443 |
| District | Designated | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes tothe accounts |
General Fund (Unrestricted) |
Advance Fund (Unrestricted) |
Funds (Restricted |
Restricted Funds |
Total 2020-21 |
Total 2019-20 |
||||
| Income and Endowments from: |
||||||||||
| 1 | Donations and legacies |
250 | 250 | 356 | ||||||
| 2 | income from investments | 2,208 | 5,455 | 2,165 | 9,828 | 10,939 | ||||
| 3 | Income from charitable activities |
|||||||||
| Assessments on circuits |
144,608 | 144,608 | 128,0QQ | |||||||
| 5 | From Circuit Model Trust Funds | 93,036 | 93,036 | 103,856 | ||||||
| 6 | Contribution to the cost ofthe Chair |
42,151 | 42,151 | 41,Q50 | ||||||
| 7 | Connexional Advance & Property |
Fund | 71,672 | 20,549 | 92,221 | 75,822 | ||||
| 8 | Other income | 1,092 | 1,092 | 2,032 | ||||||
| 9 | Total income | 190,309 | 170,163 | 20 549 | 2,165 | 383,186 | 362,055 | |||
| 10 11 12 13 14 15 16 17 |
Expenditure on charitable activities: Grants and donations Salaries and associated costs, inc Chair Property Office expenses Synods, committees, Conference Other outgoings Total expenditure Net unrealised gains on fixed assets |
10 14 |
17,381 166,814 24,743 8,489 5,214 6,587 229,228 130,000 |
107,893 969 108,862 |
288 2,160 1,872 |
9,746 5,214 6,587 340,250 127,146 166,814 24,743 130,000 |
12,308 10,198[ 14,940 228328 23,696 142,861 24,325 0 |
|||
| 17 | Net unrealised gains/(losses) investments |
on | 19,293 | 20,455 | 39747 | -3888 | ||||
| 18 | Net income | 110,374 | 61,301 | 20,549 | 20,459 | 212 683 | 129,839 | |||
| 19 | Transfers between funds |
13 | 72,098 | -51,549 | -20,549 | 0 | 0 | 0 | ||
| 20 | Net movement in funds |
182,472 | 9,752 | 20,459 | 212,683 | 129,839 | ||||
| Reconciliation offunds: |
||||||||||
| 21 | Total funds brought forward |
956,021 | 145,024 | 41,098 | 144,149 | 1,286,292 | 1,156,453 | |||
| 22 | Total funds carried forward | 1,138,493 | 154,776 | 41,098 | 164,608 | 1,498,975 | 1,286,292 |
| Notes to the Accounts |
Notes to the Accounts |
Notes to the Accounts |
General Fund |
DAF | Designated Funds |
Restricted Fund |
Total | Total 31/0812020 |
|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| A | Fixed assets | ||||||||||||
| b | Tangible fixed assets | 14 | 852,629 | 852,629 | 723,286 | ||||||||
| c | Investments with TMCP |
132,026 | 474,220 | 0 | 164,608 | 770,854 | 739,752 | ||||||
| d | Total fixed assets | 984,655 | 474,220 | 0 | 164,608 | 1,623,483 | 1,463,058 | ||||||
| e | Current assets | ||||||||||||
| f 6 |
Debtors and prepayments Central Finance Board deposits |
16 17 |
395 168,262 |
41,098 | 395 209,360 |
1,179 167,261 |
|||||||
| h | Cash at bank | 17 | 4,703 | 4,703 | 1,245 | ||||||||
| Total current assets | 173,360 | 0 | 41,0S8 | 214,458 | 16S,685 | ||||||||
| Less: Current liabilities | |||||||||||||
| j k |
Creditors due in under one year Grants payabie in 2021-22 |
18 19 |
19,522 | 1?7,163 | 19,522 177,163 |
11,999 178,488 |
|||||||
| m | Total current liabilities |
1S,522 | 177,163 | 196,685 | 190,487 | ||||||||
| n | Net current assets/liabilities | 153,838 | -177,163 | 41,098 | 17,773 | -20,802 | |||||||
| p | Total assets less current liabilities | 1,138,493 | 297,057 | 41,098 | 164,608 | 1,641,256 | 1,442,236 | ||||||
| Less: Long term liabilities | |||||||||||||
| (due after more than one year} | |||||||||||||
| q | Grants payable from 2022-23 |
142,281 | 142,281 | 155,944 | |||||||||
| r | Net assets | 1,138,493 | 154,776 | 41,098 | 164,608 | 1498,976 | 1,286,292 | ||||||
| Funds ofthe District | |||||||||||||
| s | General Fund (unrestricted) |
20.1 | 1,138,493 | 1,138,493 | 956,021 | ||||||||
| t | District Advance Fund (unrestricted) |
154,776 | 154,776 | 145,024 | |||||||||
| u | ' | Total unrestricted funds |
1,293,269 | 1,101,045 | |||||||||
| Designated Funds |
21 | 41,098 | 41,098 | 41,098 | |||||||||
| v | Restricted Fund |
21 | 164,608 | 164,608 | 144,149 | ||||||||
| w | Total Funds | 1,138,493 | 154,776 | 41,098 | "l64,808 | 1,498,975 | 1,286,292 | ||||||
| Under the authority | ofthe | trustees | given at their meeting on |
f gW ~gf-~ 2022 | t | ||||||||
| Signed by Rev Dr David |
M Chapman, | Chair of | District and |
signed by Lynne Ling, Synod |
Secretary | P | |||||||
| C ('.~2 ~~~ | Date ofsigning |
| 2020-21 | 2019-20 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Stipend ofChair of | District, Rev | Dr David Chapman | 25,524 | 24,852 | ||
| Employer's | National | Insurance | Contributions | 3,211 | 3,120 | |
| Employer's | pension | contributions | 6,866 | 6,700 | ||
| District Chair Allowance | 6,381 | 6,213 | ||||
| Com in Mist | Allow | 169 | 165 | |||
| Cash cost | aid b the Connexion |
see SOEA | 42,151 | 41,050 | ||
| Chair's ex enses | 6,533 | 5,659 | ||||
| Total cost | 48,684 | 46,709 |
| 2020-21 | 2019-20 | |||||
|---|---|---|---|---|---|---|
| F | ||||||
| District | office, | rent | and | services | 18,210 | 18,666 |
| Chair's | manse | 6,533 | 5,659 | |||
| Total | 24,743 | 24,325 |
| Office Expenses (General | fund) and TMCP | charges |
|---|---|---|
| 2020-21 | 2019-20 | |
| Printin, osta e and statione Tele hone |
1,738 2,830 |
1,940 2,487 |
| Insurance | 1,404 | 1,339 |
| Safeguarding Inde endent examination |
1,431 864 |
4,189 816 |
| Other | 53 | |
| Total charged to General Fund | 8,267 | 10,824 |
| TMCP char es | 1,479 | 1,484 |
| Total | 9,746 | 12,308 |
| 2020-21 | 2019-20 | |||
|---|---|---|---|---|
| Synods& Committees | 803 | 3,337 | ||
| The Methodist | Conference | |||
| Conference expenses | reimbursed | 525 | ||
| Chair's travel | 3,886 | 6,087 | ||
| District Polic | Committee, as char ed | 774 | ||
| Total | 5,214 | 10,198 |
| olity as determin 5.1 Holdings |
ed by the Meth at 31August |
odist Conference. 2021 (2020) |
||
|---|---|---|---|---|
| General | DAF | Rock | Total | |
| Fund | ||||
| Trustees Investment |
7,634 (5,897) |
474,220 (484,606) |
32,725 (32,720) |
514,579 (523,223) |
| Fund | ||||
| Managed Mixed Fund |
124,392 105,100 |
Nil Nil |
131,883 111,429 |
256,275 216,529 |
| Total | 132,026 110,997 |
474,220 484,606 |
164,608 144,149 |
770,854 739,752 |
yments in advance at 31 August |
g 2021 will be expensed in |
2021-22. |
|---|---|---|
| 2020-21 | 2019-20 | |
| E | ||
| Trade debtors | ||
| Pre a ments | ||
| Training | 800 | |
| Insurance (114+95) | 216 | 209 |
| Printing | 179 | 170 |
| Total prepayments | 395 | 1,179 |
| Loan from church | ||
| Total debtors | 395 | 1,179 |
| 8 Creditors |
|||
|---|---|---|---|
| 2020-21 | 2019-20 | ||
| f | f | ||
| Creditors | |||
| Expenses reimbursement | |||
| Independent examination |
840 | 816 | |
| Publications and office expenses |
16 | ||
| Salaries and consultant | fees | 185 | 184 |
| Safe uardin | 904 | 39 | |
| Ecumenical grant |
14,075 | 5,000 | |
| Manse refurbishment | 134 | 110 | |
| Training | |||
| Other | 147 | 61 | |
| Postage 8 printing | 25 | ||
| Tele hone | 85 | ||
| Synods/Committees | 96 | 113 | |
| Conference | |||
| DPC | |||
| Travel-DC | 642 | 358 | |
| Total trade creditors | |||
| Accruals/Provision | |||
| Pension contributions |
1,937 | ||
| Taxation and Social Security | 452 | ||
| Total creditors | 19,522 | 6,849 |
| ovements during the ye |
ar wer | e as follows: | ||
|---|---|---|---|---|
| 2020-21 | 2019-20 | |||
| E | ||||
| Market value at 01 Se | tember 2020 | 144,149 | 146,150 | |
| Investment income received |
during the year | 2,165 | 2,524 | |
| Net unrealised gain on |
the value of | |||
| investments at the year |
end | 20,455 | -2001 | |
| Grants paid during the | year | -1,873 | -2,232 | |
| TMCP administration charge |
-288 | -292 | ||
| Reversal ofad ustment | to bid | rice | ||
| Market value at 31 Au | ust 2021 | 164,608 | 144,149 | |
| This is made up as follows: | ||||
| CFB Mana ed Mixed Fund |
131,883 | 111,429 | ||
| Trustees' Interest Fund |
32,?25 | 32,720 | ||
| Total | 164,608 | 144,149 |
| 22.1 Summary |
offund move | ments 2 |
020-21 | |||
|---|---|---|---|---|---|---|
| Fund | Balance at 01-Sep-20 Note 1 |
Income (Note 2) |
Expenditure | Transfers | Changeln Llabllltlesl Gains |
Balance at 31-Aug-2021 |
| General | 956,021 | 190,309 | -229,228 | 72,098 | 149,293 | 1,138,493 |
| District Advance See Note 1 below |
145,024 | 170,163 | -108,862 | -51,549 | 154,776 | |
| Total unrestricted | 1,101,045 | 360,472 | -338,090 | 20,549 | 149,293 | 1,293,269 |
| Rock Trust | 144,149 | 2,165 | -2,160 | 20,454 | 164,608 | |
| District Enabler | 41,098 | 20,549 | -20,549 | 41,098 | ||
| Benevolence | -0 | |||||
| Total restricted | 185,24? | 22,714 | -2,160 | -20,549 | 20,454 | 205,706 |
| Total Funds | 1,286,292 | 383,186 | -340,250 | 169,747 | 1,498,975 | |
| Note 1 The DAF balances brought forward at the beginning ofthe year and carried forward at the end ofthe year are after providing for future grants. The liability for future grants at 31 August 2021 was f319,444 being a decrease ofF14,988 over the provision brought forward. Note 2The amount off190,309excludes f149,293of net unrealised gains; the amount of |
||||||
| E2,165excludes 820,454 ofnet unrealised | gains; the amount of2383,186excludes |
|||||
| 2169,747of net unrealised gain. |
||||||
| 22.2 Summary |
offund movements 2019-20 |
|||||
| Fund | Balance at 01-Sep-19 Note 1 |
Income (Note 2) |
Expenditure | Transfers | Change in Liabilities |
Balance at 31-Aug-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 | I'l3,297 | 'l,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 | -345,513 | 113,297 | 1,286„292 |
| Unrestricted | general | ||||
|---|---|---|---|---|---|
| and designated funds |
Restricted | funds | Total funds E |
||
| Tangible fixed assets | 852,629 | 852,629 | |||
| Fixed asset investments | 606,246 | 164,608 | 770,854 | ||
| Current assets | 214,458 | 214,458 | |||
| Current liabilities |
(196,685) | (196,685) | |||
| Payables due after one ear |
(142,281) | (142,281) | |||
| Total | 1,334,367 | 164,608 | 1,498,975 |
| ectors. The following table shows the r 20-21. |
eceipts | from and p | ayments to re |
lated parties | during |
|---|---|---|---|---|---|
| 2020-21 | 2020-21 | 2019-20 | 2019-20 | ||
| Names ofConnected Organisations |
Receipts | Payments | Receipts | Payments | |
| Donee: Methodist Church Fund |
(512,780) | (522,880) | |||
| Donee: Methodist Church Connexion |
20,549 | 20,549 | |||
| Donee: Methodist Ministers' Children's |
Fund | (0) | (0) | ||
| Donor: Circuits within BEH (assessments) |
657,388 | 650,880 | |||
| Donor: Circuits within BEH (levies) |
93,036 | 103,856 | |||
| Donor: Churches within BEH |
250 | 356 | |||
| Donor: Circuits within BEH-Reimbursement |
1,317 | ||||
| Donee: Circuits within BEH |
(30,600) | (24,500) | |||
| Donee: Churches within BEH |
(61,781) | (52,369) | |||
| Donee: Individuals (re 3Generate) |
(840) |