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|Contents||Page|
|---|---|---|
|Trustees'
Annual|Report|3-14|
|Statement
of Financial Activities||15|
|Balance Sheet||16|
|Notes to the Accounts||17-33|
|Declarations
and|Scrutiny.|34-35|
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|Unrestricted
funds|||
|---|---|---|
|General
Fund||1,123|
|District Advance
Fund||214|
|Total unrestricted
funds||1,337|
|Rock Trust
a restricted|fund|156|
##
|District Disciple
desi
nated fund|District Disciple
desi
nated fund|Enabler 8Property Officer (a|43|
|---|---|---|---|
|Total|funds||1,536|
|Total|unrestricted|funds|1,337|
|Less:|Tied u
in|freehold
ro ert /assets|850|
|Total|readil
available reserves||487|
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||||||||||||||District||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes||||||Advance||||||||Restated|
|||||||to the||General||Fund|||Fund|Designated|Restricted||Total|||Total|
|||||||accounts|||(Unrestricted)|||(Unrestricted)||Funds|Funds||2021-22|||2020-21|
||Income and Endowments||from:||||||||||||||||||
|1|Donations
and legacies|||||||||306|||||||306|||250|
|2|Income from investments|||||||||3,907|||2,973|||154|7,034|||9,828|
|3|Income from charitable|activities|||||||||||||||||||
|4|Assessments
on circuits||||||||127,033||||||||127,033|||144,608|
|5|From Circuit Model Trust||Funds|||||||1,220|||124,862||3,201||129,283|||93,036|
|6|Contribution
to the cost|ofthe Chair||||||||42,740|||||||42,740|||42,151|
|7|Connexional
Advance
&Property||||Fund||||||||116,477||||116,477|||92,221|
|8|Other income|||||||||3,628||||40,000|||43,628|||1,092|
|9|Total income||||||ii||I
178835||||244 312
I|40 000
I|3
I|355|466,501||!|I
383 1S6|
||Expenditure
on charitable||activities:||||||||||||||||||
|10|Grants and donations|||||||||258|||132,968||2,890||136,116|||122,146|
|11|Salaries and associated costs, inc||||Chair||||192,613||||||||192,613|||166,814|
|12|Property|||||||||27,466|||||||27,466|||24,743|
|13|Office expenses|||||9||||24,668|||1,352|||469|26,489|||9,746|
|14|Synods, committees,
Conference|||||10||||12,361|||||||12,361|||5,165|
|15|Other outgoings|||||||||23,387|||||||23,387|||6,484|
|16|Total expenditure||||||||280753||||||3,359||418,432|||335,098|
|17|Net unrealised
gains on|fixed||assets||14||||||||||||||130,000|
||Net unrealised
gains/(losses)|||on|||||||||||||||||
|17|investments|||||||||-7,815|||||-8,285||-16,100,|||39,747|
|18|Net income||||||||-109,734||||~109992|40,000|-8,289||31,969|||217,835|
|19|Transfers
between funds|||||13||||89,098|||-50,549|-38,549||0|0|||0|
|20|Net movement
In funds||||||i=26,636|||||"" .|59,443|1,451|-8,289||31,969|i||211;835|
||Reconciliation
offunds:||||||||||||||||||||
|21|Total funds brought
forward||||||!..||1,143,645||||154,776.|41,098|164,608||1,504,127|||1,286,292|
|22|Total funds carried forward||||||I|-'|1,123,009||'||214,219|42,549|156,319||1,536,096J||~1,504,127||
##
||||Notes|Notes|||||District||||||||Restated|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||to the|||General||Advance||Designated||Restricted|||||Total|
||||Accounts|||Fund|||Fund|Fund|||Fund|Total|||31/08/2021|
|A|Fixed assets|||||||||||||||||
|b|Tangible fixed assets|||14|||851,972||||||||851,972||852,629|
|c|investments
with TMCP|||15|||126,897||583,476||0||156,319||866,692||770,854|
|d|Total fixed assets||||||978,869||583,476|"|0||156,319|1,718,664|||~1,623,483|
|e|Current assets|||||||||||||||||
|f|Debtors and prepayments|||16|||9,284||||||||9,284||395|
|G|Central Finance Board deposits|||17|||144,084||||42,549||||186,633||209,360|
|h|Cash at bank|||17|||3,991||||||||3,991||4,855|
|I|Total current assets||||||157,359||0||42,549||||199,908||214,610|
||Less: Current
liabilities|||||||||||||||||
|)|Creditors
due in under one year|||18|||13,219||0||||||13,219||14,522|
|k|Grants payable
in 2022-23|||19|||||217,257||||||217,257||177,163|
|m|Total current
liabilities||||||13,219||217,257||||||230,476||191,685|
|n|Net current assets/liabilities||||||144140,||-217257||42 549||||-30566J|||
|p|Total assets less current liabilities|||||1|123009,||366219||42 549||156319|1,688,096||I|1,646,408 J|
||Less: Long term liabilities|||||||||||||||||
||(due after more than one year)|||||||||||||||||
||Grants payable
from 2023-24||||||||152,000||||||152,000||142,281|
|r|Net assets|||||1|123009||——I—
---——-~
',214219
.||—-I- -—— — --..—.~ -—I .——.—
I
t—
i
42 549
156319
1 536096;||||||1,504,127 J|
||Funds ofthe District|||||||||||||||||
|s|General
Fund (unrestricted)|||20.1||1,123,009||||||||1,123,009|||1,143,645|
|t|District Advance
Fund (unrestricted)||||||||214,219||||||214,219||154,776|
|u|Total unrestricted
funds|||||||||||||1,337,228|||1,298,421|
||Designated
Funds||||||||||42,549||||42,549||41,098|
|v|Restricted
Fund|||21|||||||||156,319||156,319||164,608|
|||||||||||||||||f||
||Total Funds||||L-.|1|123009|.=214.219||.=42.549||...|, 156l319|1|536 096|3|1,504,127 I|
||Underthe
authorityofthetrusteesgivenattheirmeeting
Signed
by Rev Dr David
M Chapman,
Chair of District
..Q 0A||||||on g,
Ax
J
2023
l~&~CL,
and signed
by Rev Zena Smith, Synod Secretary
Z.~
Date ofsigning
~n/|||||||~2 ~||||
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||||||2021-22|2020-21|
|---|---|---|---|---|---|---|
||||||E|E|
|Stipend ofChair of||District, Rev|Dr David Chapman||25,824|25,524|
|Employer's|National|Insurance|Contributions||3,343|3,211|
|Emplo
er's|pension|contributions|||6,947|6,866|
|District Chair Allowance|||||6,456|6,381|
|Com in Mist|Allow||||171|169|
|Cash cost|aid b
the Connexion|||see SOFA|42,740|42 151|
|Chair's ex enses|||||6,122|6,533|
|Total cost|||||48,862|48,684|
##
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##
|therincome|[f3,|628 (2|020-21:E|1,092)]|in the SOFA|includes|:||
|---|---|---|---|---|---|---|---|---|
||||||||2021-22|2020-21|
||||||||F|E|
|From MCF for costs ofdelegates
annual
Methodist
Conference||||from BEH attending||the|1,999|525|
|Northampton|Methodist||District expenses||reimbursement||1,564||
|Bishop Stortford||Methodist -Manse EPC|||Share||65|567|
|Total|||||||3,628|1,092|
##
|ants|and dona|tio|ns
ofF|1|36,116were|ma|de during|the year (|2020-21:2127,1|46 in year).|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021-22|2020-21|
||||||||||E|f|
|From|General|Fund|||Benevolence|||258||1,248|
||||||Ecumenical|Pro'ects||0|258|11,133|
|From|DAF|||'|In year grants|||83,155|||
||||||Increase
in|liabilities||49,813|132,968|107.893|
|||||,|Ad ustin|rior|r accrual|0||-5,150|
|From|Restricted||Funds|,|Rock Trust|||2,890|2,890|1,872|
|Total|||||||||136,116|122,146|
##
##
|ough
relevant
lowing
grants|grants as assessed
were made:|grants as assessed
were made:|grants as assessed
were made:|by the Dis|trict Grants Com|mittee|.
During the|year the|
|---|---|---|---|---|---|---|---|---|
||2021-22|||2020-21|||2021-22|2020-21|
||||E|F|||F|F|
||Grants||12,688||||||
|To Churches|Returns||0||For Projects||||
||Net||12,688|56,781|||||
|To Circuits|Grants
Returns
Net||19,500
0
19,500|30,600|For Ministry|Ret
PIA
Net|77,848
0
0
77,848|102881|
|To Institutions|||32,188|87,381|For equipment||||
||Grants|-|46,647||||||
|To others|Acc Rev||||Other||5,307|20,000|
||Net||46,647|35,500|||||
|To individuals|Grants
Net||4,320
0||||||
|Total|||83,155|122,881|||83,155|122,881|
##
##
|||||2021-22|2020-21|
|---|---|---|---|---|---|
||||||E|
|Gross
a||||129,961|110,834|
|Employer's
National|Insurance
Contributions|||8,723|9,173|
|Employer's
pension
schemes
and death|contributions
to defined
in service benefit||contribution|10,261|4,655|
|Total costs of7(2020-21:6)6xpart time81xfull time
staff||||148,945|124,662|
|Cost ofChair (see Note,'4)||||42,740|42,151|
|CFBchar es|||||576|
|TPT DC Life Assurance'||||246||
|A
renticeshi
levies||||632|513|
|Total staff costs||||192,613|167,902|
|Total weekly contracted|hours for|6 (2020:five)|part time staff|148|120|
|And one full time staff||||||
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||||||2021-22|2020-21|
|---|---|---|---|---|---|---|
|District|office,|rent|and|services|21,344|18,210|
|Chair's|manse||||6,122|6,533|
|Total|||||27,466|24,743|
||||||2021-22|2020-21|
|---|---|---|---|---|---|---|
|||||||E|
|Printin,
osta e and||st'atione|||2,619|1,738|
|Tele|hone||||3,559|2 830|
|Insurance|||||1,437|1,404|
|Safeguarding|||||3,301|1,431|
|Inde|endent examination||||990|864|
|Office|relocation
and|artitionin||costs|10,424||
|Other|costs||||1,962||
|Total|charged to Gene'ral||Fund||24,668|8,267|
|TMCP char es|||||2,197|1,479|
|Total|||||26,489|9,746|
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|||||2021-22|2020-21|
|---|---|---|---|---|---|
||||||F|
|Synods8
Committees||||3,053|803|
|The Methodist|Conferenbe|||||
|Conference expenses||reimbursed||1,999|525|
|Chair's travel||||7,075|3,837|
|District Polic|Committee,||as char ed|234||
|Total||||12,361|5,165|
##
|District Polic
Total
1
Other|Committee,
as char
Outgoin'gs|ed
234
12,361|5,165|
|---|---|---|---|
|||2021-22|2020-21|
||||E|
|Training||13,772|4,661|
|Other costs||3,993|1,166|
|Depreciation||657|657|
|Professional|services|4965||
|Total||23,387|6,484|
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|Property||180,000||300,000|20,000|500,000|350,000||850,000|
|---|---|---|---|---|---|---|---|---|---|
|Furniture|8|||||||||
|Fittin s||||||3,286|0|1,314|1,972|
|Total||180.000|l|300,000|20,000|503,286|350,000|314851972||
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##
|5.1
Holdings|at 31August|2022 (2021)|||
|---|---|---|---|---|
||Gene'ral|DAF|Rock|Total|
|Fund|||||
|Trustees|10,320|583,476|32,721|626,517|
|Investment|(7,634)|(474,220)|(32,725)|(514,579)|
|Fund|||||
|Managed|116,577|Nil|123,598|240,175|
|Mixed Fund|124,392|Nil|131,883|256,725|
|Total|126,897|583,476|156,319|866,692|
||132,026|474,220|164,608|770,854|
##
|||2021-22|2020-21||
|---|---|---|---|---|
|Trade debtors|||||
|Pre a ments|||||
|Thorley Church-Synod|Hire deposit|200|||
|Insurance (104+114)||218||216|
|Thorley Church-Synod|Hire Charges|567|||
|Printing||||179|
|Total prepayments||985||395|
##
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##
|Current assets on t
8
Creditors|he|Balance Sheet.|||||
|---|---|---|---|---|---|---|
||||2021-22||2020-21||
||||f||f||
|Creditors|||||||
|Expenses reimbursement|||||||
|Independent
examination||||960||840|
|Salaries and consultant||fees||103||185|
|Safe uardin|||2,182|||904|
|Ecumenical
rant|||7,825||9,075||
|Manse refurbishment||||26||134|
|Other||||82||147|
|Postage 8
rintin||||90||25|
|Tele hone||||102||85|
|Synods/Committees||||142||96|
|Conference|||||||
|DPC|||||||
|Travel-DC||||733||642|
|District Discipleship|Enabler|||159|||
|ex enses|||||||
|Office expenses||||49|||
|TPTDC Life Assurance||char es||93|||
|Pro ert
Officer ex|enses|||56|||
|Total trade creditors|||12,602||||
|Accruals/Provision|||||||
|Pension
contributions||||165|1,937||
|Taxation and Social|Security|||452|452||
|Total creditors|||13,219||14,522||
##
##
|e following|ana|lyse|s|are a|vailable|:||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021-22|2020-21|
||||||||||E|
|End ofyear commitments|||||to pay|one off grants|or the first|||
|instalment|in a|future||ear||||80,000|30,000|
|Anticipated|second||or su~bsequent|||instalments|where the|||
|first instalment||was||aid in|2021-22 or earlier|||289,257|289,444|
|Total anticipated|||commitment|||at 31August|2022|369,257|319,444|
|Grants payable||by|year|||2021-22
E|2020-21|||
|2021-22|||||||177,163|||
|2022-23|||||||67,281|||
|2023-24||||||217,257|22,500|||
|2024-25||||||47,000|22,500|||
|2025-26||||||37,500|15,000|||
|2026-27||||||37,500|15,000|||
|2027-28||||||30,000||||
|||||||369,257|319,444|369,257|319,444|
|Total anticipated
commiitment
at 31Au
ust 2022||||||||369,257|319,444|
##
##
##
|ovements
during the year wer|e as follows:|||
|---|---|---|---|
|||2021-22|2020-21|
|||E|E|
|Market value at 01 Se tember 2021||164,608|144,149|
|Investment
income received|during the year|3,355|2,165|
|Net unrealised
(loss)gain
on the value of||||
|investments
at the year end||-8,285|20,455|
|Grants
paid during the year||-2,890|-1,873|
|TMCP administration
charge||-469|-288|
|Reversal ofad ustment to bid|rice|||
|Market value at 31Au
ust 2022||156,319|164,608|
|This is made up as follows:||||
|CFB Mana
ed Mixed Fund||123,598|131,883|
|Trustees'
Interest Fund||32,721|32,725|
|Total||156,319|164,608|
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|22.1
Summary|offund mov|ements
2|ements
2|021-22||||
|---|---|---|---|---|---|---|---|
|Fund|Restated
Balance at
01-Sep-21
Note 1|Income
(Note 2)||Expenditure|Transfers|Changein
Liabilities/
Gains|Balance at
31-Aug-2022|
|General|1,143,645||178,834|-280,753|89,098|-7,815|1,123,009|
|District Advance
See Note
1 below|154,776||244,312|-84,507|-50,549|-49,813|214,219|
|Total unrestricted|1,298,421||423,146|-365,260|38,549|-57,628|1,337,228|
|Rock Trust|164,608|.|3,355|-3,359||-8,285|156,319|
|District Enabler|41,098||40,000||-38,549||42,549|
|Total restricted|205,706||43,355|-3,359|-38,549|-8,285|198,868|
|Total Funds|1,504,127||466,501|-368,619||-65,913|1,536,096|
##
|22.2
Summary|offund move|ments
2|020-21||||
|---|---|---|---|---|---|---|
|Fund|Balance at
01-Sep-20
Note 1|Income
(Note 2)|Expenditure|Transfers|Changein
Liabilities/
Gains|Restated
Balance at
31-Au -2021|
|General|956,021|195,461|-229,228|72,098|149,293|1,143,645|
|District Advance
See Note
1 below|145,024|170,163|-108,862|-51,549||154,776|
|Total unrestricted|1,101,045|365,624|-338,090|20,549|149,293|1,298,420|
|Rock Trust|144,149|2,165|-2,160||20,454|164,608|
|District Enabler|41,098|20,549||-20,549||41,098|
|Total restricted|185,247|22,714|-2,160|-20,549|20,454|205,706|
|Total Funds|1,28,6,292|388,338|-340,250||169,747|1,504,127|
##
##
||Unrestricted|general|||
|---|---|---|---|---|
||and designated
funds||Restricted funds|Total funds|
|Tangible fixed assets||851,972||851,972|
|Fixed asset investments||710,373|156,319|866,692|
|Current assets||199,908||199,908|
|Current
liabilities||(230,476)||(230,476)|
|Payables due after one
ear||(152,000)||(152,000)|
|Total||1,379,777|156,319|1,536,096|
##
|ectors. The following
table shows the r
21-22.|eceipts|from and p|ayments
to re|lated parties|during|
|---|---|---|---|---|---|
|||2021-22|2021-22|2020-21|2020-21|
|Names of Connected
Organisations||Receipts|Payments|Receipts|Payments|
|||'E|E|E||
|Donee: Methodist
Church
Fund|||(499,731)||(512,780)|
|Donee: Methodist
Church
Connexion||||20,549||
|Donee: Methodist
Ministers'
Children's|Fund||(0)||(0)|
|Donor: Circuits within
BEH (assessments)||626,764||657,388||
|Donor: Circuits within
BEH (levies)||116,477||93,036||
|Donor: Churches
within
BEH||306||250||
|Donor: Circuits within
BEH-Reimbursement||||||
|Donee: Circuits within
BEH|||(19,500)||(30,600)|
|Donee: Churches
within
BEH|||(12,688)||(61,781)|
|Donee: Individuals
(re 3Generate)|||1060||(840)|
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