2022-08-31-accounts - West Devon Methodist Circuit

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Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	(SOFA) for	(SOFA) for	the	year	ended 31	ended 31	August	2022	2022
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				tll o 8 NN 0o z o	C IL IV N C Ill O	WN u N e C	N C 'ao u o- I No c 0 I- 2		L IL Iv C N CI	~ o C N C	L IL w Ilto NN	o tl C Iu	vs L IL 5	IV IV rr CI s 5
income
1	Donations and legacies					2,000								2,000
2	Income from monetary investments					440		1,459					82	1,989
3	Income from investment	properties		rents		19,789								19,789
4	Assessments on Churches				107,238									107,238
5	Capital Receipts					16,436	380,600							397,042
6	Grants received										3,000			3,000
7	Other charitable income					13,310								13,310
8	Total income				159,213		382,065				3,008		82	544,368
Ex enditure
9	Grants and donations			10		58,562								58,562
10	Salaries and associated	costs				79,013					3,000			82,013
11	Property maintenance					8,089								8,089
12	Connexional assessment	&	model trust	levy				89,597						89,597
13	District Assessment & Levy					29,472		2,971						32,443
14	Deprecation
15	Office expenses					4,136							13	4,151
16	Other outgoings					24,401								24,401
17	Total charitable expenditure					203,673		92,568			3,002		13	299,256
18	Gains/(losses) on moneta/y		investments			-27							-223	-250
19	Gains/(losses) on investment		properties
20	Net income/(expenditure)							289,497					-154	244,862
21	Transfers between funds					34,577	-113,500		79,500		-609
22	Other gains/(losses)				-359,337									-359,337
23	Net movement in funds				-369,147			175,997		79,500	-603		-222	-114,475
24	Total funds brought forward				535,440			3,032	100,500		1,746	4,928		645,646
25	Total funds carried forward				166,293		179,029		180,000		1,143	4,706		531,171


Statement of Financial	Activities		(SOFA) for the year		ended		31	August 2021
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Income
1 Donations and legacies				1,406								1,406
2 Income from monetary investments				167			574					744
3 Income from investment properties			rent	19,229								19,229
4 Assessments on Churches				110,503								110,503
5 Capital Receipts				129,800								129,800
6 Grants received										8,050		8,050
7 Other charitable income				7,413						1,383		8,796
8 Total income				268,518			574			9,436		278,528
Expenditure
9 Grants and donations				1,000								1,000
10Salaries and associated costs				100,193						8,050		108,243
11 Property maintenance				15,524						2,232		17,756
12 Connexional assessment	& model trust		levy			6,274						6,274
13 District Assessment & Levy				31,067								31,067
14 Depreciation
15Office expenses				2,469								2,469
16Other outgoings				25,515								25,515
17Total charitable expenditure				175,768		6,274				10,282		192,324
18Gains/(losses) on monetary		investments									456	456
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				92,750		-5,700				-846	456	86,660
21 Transfers between funds				59,500		-9,500		-50,000
22 Other gains/(losses)				2,137								2,137
23 Net movement in funds				154,387	-15,200			-50,000		-846	456	88,797
24Total funds brought forward				381,053	18,232			150,500		2,592	4,472	556,849
25Total funds tarried forward				535,440		3,032		100,500		1,746	4,928	645,646


Name of Circuit: West	Devon											Circuit	No 24/24
			Balance		Sheet			as	at	31	August		2022
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		000 0 0 lO0 0	'D C 0 a 0 C0 Q	0 VI 0 C	0 0 e 0	g Ol 0 I-	0 al Cl C	0 nl Ol ill0 CI	0 O 0 0 C	'o00 N0 IL		E 0 C lu F	Totals 2021/22	Totals 2020/21
Fixed Assets
Circuit Manses 8 Equipment			842,329										842,329	842,329
Investment properties														249,337
Investments
Total fixed	assets		842,329				0		0		0	0	842,329	1,091,666
Current Assets
Debtors				4,652									4,652	4,000
Loans by the Circuit		10		1,000									1,000	41,000
Investments with TMCP				5,206	179,029			180,000				4,706	368,941	114,285
Central Finance Board Deposits			121,885							1,143			123,028	106,745
Cash at Bank and in hand			33,550										33,550	21,438
Total current	assets		166,293		179,029			180,000		1,143		4,706	531,171	287,468
Current liabilities
Creditors (due in under 1 year)														1,159
Grants payable within 2021-22
Total cunent liabiiities														1,159
Net current assetslliabilities			166,293		179,029			180,000		1,143		4,706	531,171	286,309
Total assets less current
liabilities			1,008,622		179,029			180,000		1,143		4,706	1,373,500	1,377,975
Long term liabilities
(due after more than one year)
Grants payable after 2021-22
Loans to the Circuit
Net assets			1,008,622		179,029			180,000		1,143		4,706	1,373,500	1,377,975
Funds ofthe Circuit
General Fund (Unrestricted)			1,008,622										1,008,622	1,267,769
Circuit Model Trust Fund
(Unrestricted)													179,029	3,032
Designated Funds (Unrestricted)								180,000					180,000	100,500
Total Unrestricted	Funds												1,367,651	1,371,301
Restricted Funds													1,143
Endowment Funds													4,706	4,928
Total Funds			1,008,622		179,029			180,000		1,143		4,706	1,373,500	1,377,975