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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<br>activities<br>—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<br>income|||0||||0|0|
|6 Total income|||248,965|1,469|42|144|250,620|206,052|
|Resources expended|||||||||
|Expenditure<br>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<br>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)<br>14.investment<br>gains/losses|before||(122,397)|(123,364)|(13)|73|(245,701)|(101,785)|
|15 Gains on monetary<br>investments||||||202|202|(14)|
|16 Net income/(expenditure)|||(122,397)|(123,364)|(13)|275|(245,499)|(101,799)|
|17 Extraordinary<br>items||13|496,459|420,396|||916,855|0|
|18Transfers between funds|||79,081|(79,000)|(13)|(68)|0|0|
|19 Net movements<br>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|





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|Balance Sh|eet|asat|31August|2021|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Notes|Unrestricted||Restricted|Endowment|Total|Total|
||||||General Fund|Circuit|Funds|Funds|2021|2020|
|||||||ModelTrust|||||
|Fixed Assets|||||||||||
|1Tangible Assets<br>—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<br>with TMCP||||18||435,472|12,623|33,442|481,537|263,496|
|8 Investments<br>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<br>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<br>Funds||||24|||13,987||13,987|14,013|
|22 Endowment<br>23|Funds||Total Funds|24|2,074~|435A72|13,987|36,476<br>36,476|36,476<br>2,560915|36,269<br>1~,859|






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|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<br>Norton and Stow Circuit:|||||||
|Value (for|insurance<br>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<br>Items||||f496,459|f420,396|f916,855|



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|Manse properties|||Broughtforward|Broughtforward|Addition|Carried|
|---|---|---|---|---|---|---|
||||Cost|Deemed Value||forward|
||||E|E||E|
|Hurdeswell,<br>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$|



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|Fixed Interest Fund. These are regarded as me|Fixed Interest Fund. These are regarded as me|dium<br>and long term investmen|dium<br>and long term investmen|dium<br>and long term investmen|ts<br>(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<br>Funds.|||||||
|Analysis ofinvestment<br>movements|||||2021||2020|
|Securities not listed on a recognised Stock Exchange|||||2,184||1,982|
|Other investments||||||||
||||Total||E2,184|||
|Change in investment<br>values<br>Carrying (market) value at beginning ofyear|||||1,982||1,996|
|Net gain/(loss)<br>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<br>Mixed Fund - Valuation<br>"Model Trust Bequests 1"|—125units||@E5.603(E4.734)||||592|
|CFBManaged<br>Mixed Fund - Valuation|-125units||lu E5.603(E4.734)||700||592|
|CFBManaged<br>Fxd Int Fund<br>—Valuation|-368units||Ca E2.128(E2.169)||784<br>E2,184||798<br>E1,982|
|Note 16:Debtors||||||||
|Debtors and prepayments<br>are all in connection||with the Unrestricted||General Fund, and a summary|||follows:|
||||||2021||2020|
|Debtors|||||0||1,200|
|Prepayments<br>Stipends, pensions,<br>Nl|||||12,282||12,091|
|Utilities|||||4,808||4,309|
|Other prepayments<br>Total|||||33,769<br>E50459||28,303<br>E45,903|



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|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<br>Total||f435,472||f12,623|2,379<br>f33,442|2,379<br>f481,537|2,378<br>E263,496|
|Note 19:Cash on De<br>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<br>Total||E116,014|||600<br>850|600<br>f116464|600<br>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<br>Fund<br>Total|||f40,922|1,364<br>E1,394||1,364<br>f42,286|1,394<br>f61,568|
|Note 21:Creditors||||||||
|This consists ofcreditors, accruals and income received<br>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<br>in advance||||39,564||40,073||
|Creditors and Accruais||||||||
|Ministers'<br>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||



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





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|Endowment<br>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<br>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<br>isof|Assets between||Funds|||||||
|Fund balances at31August are represented||||by:||||||
||General||CMT||Restricted|Endowm't|Total||2020|
|T<br>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<br>liabilities|(57,143)||||||(S7,143)||(65.394)|
||2~4,280|435A72||||36476|2,S60,215||12$8459|



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