2021-08-31-accounts - The Methodist Church, West Oxfordshire Circuit

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		Notes	Unrestricted	Unrestricted	Restricted	Endowment	Total	Total
			General Fund	Grcuit	Funds	Funds	2020-21	2019-20
				Model Trust
Incoming resources
Income from:
1 Donations, grants and legacies			2,000				2,000	130
2 Charitable activities —assessments			224,900				224,900	188,000
3 investments			125	1,469	42	144	1,780	3,295
4 Separate material items ofincome			21,940				21,940	14,627
5 Other charitable income			0				0	0
6 Total income			248,965	1,469	42	144	250,620	206,052
Resources expended
Expenditure on:
7 Grants and donations		7	54,400	61,019			115,419	62,493
8 Salaries and associated costs		8	177,706				177,706	136,843
9 Property costs		9	60,271	54,538			114,809	30,406
10 Office expenses		10	2,354				2,354	1,353
11District Assessment and levy		11	66,189	8,372			74,561	65,246
12 Other outgoings		12	10,442	904	55	71	11,472	11,496
13Total charitable expenditure			371,362	124,833	55	71	496,321	307,837
Net income/(expenditure) 14.investment gains/losses	before		(122,397)	(123,364)	(13)	73	(245,701)	(101,785)
15 Gains on monetary investments						202	202	(14)
16 Net income/(expenditure)			(122,397)	(123,364)	(13)	275	(245,499)	(101,799)
17 Extraordinary items		13	496,459	420,396			916,855	0
18Transfers between funds			79,081	(79,000)	(13)	(68)	0	0
19 Net movements in funds			453,143	218,032	(26)	207	671,356	(101,799)
20 Total funds brought forward			1,621,137	217,440	14,013	36,269	1,888,859	1,990,658
21 Total funds carried forward			2,074,280	435,472	13,987	36vt76	2,560,215	1,888,859

Balance Sh	eet	asat	31August	2021
				Notes	Unrestricted		Restricted	Endowment	Total	Total
					General Fund	Circuit	Funds	Funds	2021	2020
						ModelTrust
Fixed Assets
1Tangible Assets —Circuit Menses				14	1,923,628				1,923,628	1,505,038
2 investments				15				2,184	2,184	1,982
3			Totalfixed assets		1,923,628	0	0	2,184	1,9252I12	1,507,020
Current Assets
5 Debtors				16	50,859				50,859	45,903
6 Loans by the	Circuit			17					0	7,600
7 Investments with TMCP				18		435,472	12,623	33,442	481,537	263,496
8 Investments with MCA				19				850	850	850
10 CF8 Deposits				19	116,014				116,014	67,816
11Cash at bank	and in	hand		20	40,922		1,364		42,286	61,568
12		Total cunent assets			207,795	435J72	13,987	34/92	691,546	447,233
Current uabilities
13 Creditors (due in under 1year)				21	57,143				57,143	65,394
14		Totol	cuimnt liabilities		57,143	0	0	0	57,143	65,394
15	Net	cunent	assets/liabilities		150,652	435,472	13,987	34492	634,403	381,839
16 Total assets less			current liabilities		2,074,280	435,472	13,987	36,476	2,560,215	1~,859
Long Term Uabilities (due after 1year)
17			Net assets		2,074,280	435,472	13,987	36,476	2,560,215	1,888,859
Funds ofthe Circuit
18 General Fund	(Unrestricted)			23.1	2,074,280				2,074,280	1,621,137
19 Circuit Model	Trust	Fund (Unrestricted)		23.2		435,472			435,472	217,440
20		Totol unrestricted funds							2,509,752	1,838,577
21 Restricted Funds				24			13,987		13,987	14,013
22 Endowment 23	Funds		Total Funds	24	2,074~	435A72	13,987	36,476 36,476	36,476 2,560915	36,269 1~,859

The figures	relating tothe	above are as follo	ws:
				General	CMT	Total
				Fund	Fund
Net sale proceeds ofNorth		Leigh Methodist	Church		275,381	275,381
Less: CPF Levy					~90152	~90152
					185,229	185,229
Transfers from Chipping Norton and Stow Circuit:
Value (for	insurance purposes) ofWesley Manse			418,590		418,590
Transferred	from CF8			73,699		73,699
Transferred	from bank current account			4,170		4,170
Transferred	from TMCP —Model Trust Fund				235,167	235,167
Total Extraordinary Items				f496,459	f420,396	f916,855

Manse properties			Broughtforward	Broughtforward	Addition	Carried
			Cost	Deemed Value		forward
			E	E		E
Hurdeswell, Long Hanborough		—value 91-08-2015		271,400		271,400
Cherry Tree Way, Witney			447,237			447,237
Burwell Meadow, Witney			339,504			339,504
Berryfield Way, Carterton			446,897			446,897
WeSley ManSe, Chipping	NOrtOn —value 01-09-2020				418,590	418,590
Totai			1,233,638	271,400	418,590	1,923,62$

Fixed Interest Fund. These are regarded as me	Fixed Interest Fund. These are regarded as me	dium and long term investmen	dium and long term investmen	dium and long term investmen	ts (see also Not	e 18 be	low).
As stated in Note 14(above), TMCP isthe legal		owner and Custodian Trustee			ofall Methodist	Model	Trust prop
which includes Legacies, Endowments	and Accumulated Funds.
Analysis ofinvestment movements					2021		2020
Securities not listed on a recognised Stock Exchange					2,184		1,982
Other investments
			Total		E2,184
Change in investment values Carrying (market) value at beginning ofyear					1,982		1,996
Net gain/(loss) on revaluation					202		(14)
Carrying (market) value at end ofyear {Noadditions or disposals)					E2,184		E1,982
The Funds and end ofyear valuations	summarised		above are as follows:		2021		2020
Torrent Gift"
CFBManaged Mixed Fund - Valuation "Model Trust Bequests 1"	—125units		@E5.603(E4.734)				592
CFBManaged Mixed Fund - Valuation	-125units		lu E5.603(E4.734)		700		592
CFBManaged Fxd Int Fund —Valuation	-368units		Ca E2.128(E2.169)		784 E2,184		798 E1,982
Note 16:Debtors
Debtors and prepayments are all in connection		with the Unrestricted		General Fund, and a summary			follows:
					2021		2020
Debtors					0		1,200
Prepayments Stipends, pensions, Nl					12,282		12,091
Utilities					4,808		4,309
Other prepayments Total					33,769 E50459		28,303 E45,903

month (see also Not	e 15ab	ove	).
				2021			2020
		Unrestricted		Restricted	Endawm't	Total
			CMTFund	Funds	Funds
Circuit Model Trust	Fund		435,472			435,472	217,440
Toogood Memorial	Fund			2,122		2,122	2,119
Pocock Bequest				10,001		10,001	10,000
Willmer Bequest				500		500	500
Model Trust Bequests 1					31,063	31,063	31,059
Model Trust Bequests 2 Total		f435,472		f12,623	2,379 f33,442	2,379 f481,537	2,378 E263,496
Note 19:Cash on De sit
				2021			2020
		Unrestricted		Restricted	Endowm't	Total
		General Fund		Funds	Funds
CFBDeposit account			116,014			116,014	67,816
MCA Deposit accounts:
Early Legacy 1					250	250	250
Early Legacy 2 Total		E116,014			600 850	600 f116464	600 f68,666
Note 20:Cash at bank and		in	hand
				2021			2020
		Unrestricted		Restricted	Endo wm't	Total
		General Fund		Funds	Funds
HSBC Bank, Witney
General Fund			40,922			40,922	60,174
Local Preachers Fund Total			f40,922	1,364 E1,394		1,364 f42,286	1,394 f61,568
Note 21:Creditors
This consists ofcreditors, accruals and income received in advance.					It is expected	that all sums	accrued at31
August 2021will be	paid during		the year to31August 2022. The income received			in advance includes assessments
from churches which relate		tothe first three		months ofthe year 2021-22. The figures included			here are all dealt
with in the General	Unrestricted		Fund.
Income in Advance				2021		2020
Assessments in advance				39,564		40,073
Creditors and Accruais
Ministers' and Other expenses				1,598		3,461
Property costs				12,530		21,404
Utilities				367		257
Other creditors				3,084		199
Total				E57,143		E65,394

Note 25ISumm	a of	Fund Movemen	ts
		Balance at	Income	Expenditure	Transfers	Extraordinary	Gains/	Balance at
		01/09/2020				Items	Losses	31/0$/2021
		E				E	E	E
Unrestricted Funds:
General		1,621,137	248,965	(371,362)	79,081	496,459		2,074,280
Circuit Model Trust		217,440	1,469	(124,833)	(79,000}	420,396		435,472
Total Unrestricted	Funds	1,83$,S77	2507134	(496,195)	81	916455		2,509,752
Restricted Funds:
Local Preachers Fund		1,394		(30)				1,364
Toogood Memorial IPocock Bequest 8 N Willmer Bequest		2,119 10,000 500	7 33 2	(4) (20) (1)	(12) (1)			2,122 10,001 500
Total Restiicted Funds		14413	42	(55)	(13)
				FS11

Endowment Funds:
JV Early Legacy 1	250			1		(1)			250
J V Early Legacy 2	600			3		(3)			600
Model Trust Bequests 1	32,449			121	(65)	(51)		93	32,547
Mr IEMrs Tarrent Gift	592			11	(1)	(10)		109	701
Model Trust Bequests 2	2,378			8	(5)	(3)			2,378
Total Endowment Funds	36,269			144	(71)	(68)		202	367t76
Total ofall funds	1,888W9		250,620		(496,321)	(0)	916,855	202	2,560415
Note 26t Anal isof	Assets between		Funds
Fund balances at31August are represented				by:
	General		CMT		Restricted	Endowm't	Total		2020
T angible fixed assets	1,923,628						1,923,628		1,505,038
Fixed asset investments						2,184	2,184		1,982
Current asset investments		435,472			12,623	34,292	482,387		264,346
Other current assets	207,795				1,364		209,159		182,887
Current liabilities	(57,143)						(S7,143)		(65.394)
	2~4,280	435A72				36476	2,S60,215		12$8459