2020-08-31-accounts - The Methodist Church Nottingham & Derby District

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General Fund Unrestricted	General Fund Unrestricted	61,187,346
District Advance	Fund Unrestricted	6 323,020
Designated Funds	Unrestricted	1 515118
Total Unrestricted	Funds	j2,025,584

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			Notes to the accounts	General Fund (Unrestricted)	District Advance Fund (Unrestricted)	District Advance Fund (Unrestricted)	Designated Funds (Unrestricted)	Total 2019.20	Total 2018-19
income and Endowments	from:
Donabons and legames
Connexial Advance &Properly		Fund				51,542		51,542	75,293
Income from Investmenis				628		3.521	2,463	6,612	5 715
Income from charitable	activities
Assessments on circuits				101,418				101,418	113,794
From Circuit Model Trust Funds					184,149			184,149	150,877
Contnbution to the cost	of the	Chair		34,649				34,649	41,342
Other Income				1,019,846			222,843	1,242,689	23,342
Total Income and endowments				1,156,541	239,212		225,306	1,621,059	410,363
Expenditure on.'
Grants and donations				437		207,400	3,629	211,466	251,615
Salaries and associated costs				167,328				167.325	110,116
Cost ofthe Chair				34,649				34,649	41 342
Property maintenance				15,601				15,801	16,088
Office expenses				5.541				5,541	3,235
Synods, committees, Conference			10	18.547				18,547	32,213
Other outgoings				40,536		733	216	41,485	29,978
Total expenditure				282.839	208,133		3.845	494,817	484,587
Net incomel(expenditure)				873,702		31,079	221,461	1,126,242	(74.224)
Transfers between funds			13	215,277	(74,500)		(140,777)
Net movement in funds				1,066,979	43,421)		80.684	1,126,242	(74,224)
Reconcgiation offunds:
Total funds brought forward				96,367		366,441	434,534	899,342	973,566
Total funds carried forward				1,187.346	323,020		515,218	2,025,584	899,342

			General Fund	District	District	Designated	Total	Total
		N~t~~	(Unrestricted)	Advance	Fund	Funds	2020	2019
				(Unrestricted)		(Unrestricted)
Tan ibis Fixed Assets
Manse and other property		14	1,149,539			312,250	1,461,789	312,250
Total bxed assets			1,149,539			312,250	1,461,789	312,250
Current Assets
Debtors and Prepayments		15	5,783				5,783	7,402
Central Finance Board and	Trustees
for Methodist Church Purposes
Deposits etc		17	9,501	323,020		202,966	535,489	704,386
Cash at Bank and in hand		17	69,954				69,954	17,653
Total current assets							, 26	729,441
Current liabilities
Creditors and Accruals (due in under		18
1 ear			47431				47431	142,349
Net current (liabilities)/assets			37,807	323,020		202,968	563,795	587,092
Total assets less current	llabllltles		1,187,346	323,020		515,218	2,025,584	899,342
Net assets			1,187,346	323,020		515,218	2,025,584	899,342
Funds ofthe District
General Fund (Unrestricted)		22	1,187,346				1,167,346	98,367
District Advance Fund (Unrestricted)		22
				323,020			323,020	366,441
Designated Funds (Unrestricted)		22				515,218	515,218	434,534
Total unrestricted funds			1,187,346	323,020		515,218	2,025,584	899,342
Total Funds			1,187,346	323,020		515,218	2,025,584	899,342

							2020	2019
Statement ofcash flows						Note
Cash from operating activities Net cash used in operating activities						25	58. 30	~(l5.811)
Cash flows from investing	activities
Dividends, interest and rents	from investments						6,612	5,715
Purchase of property, plant and equipment							(181,338)
Net cash provided by investing activities							(174,726)	5,715
Change in cash and cash	equivalents	in the reporting		period			(116,596)	(40,096)
Cash and cash equivalents	atthe beginning		ofthe reporting		period		722,039	762,135
Cash and cash equivalents	atthe end	ofthe reporting		period		29	605,443	722,039

Given to	in 8	Analysis ofamounts	in 8
		given by type ofwork
Churches	97,666	Projects	29,000
Circuits	15,664	Ministry	177,596
Other	94,070	General	75,304
Institutions	207,400
Individuals
Sub total	207,400
District	74,500
Total	281,900		281,900

Salaries and a	sso	ciated costs	ciated costs	ciated costs
Gross salaries paid	to 9	(2018-19- 5 employees			were	as follows:
							2019-20	2018-19
Gross pay							137,902	88,295
Employer's National	Insurance		contribution				12,049	7,405
Employer's pension	contribution		to defined	contribution		scheme	16,659	13,330
Apprenticeship Levy							718	1,086
Total cost for							167,328	110,116
Total staff costs							167,328	110,116
Total weekly contractual		hours	of Staff members				169	136

					2019-20		2018-19
					f
Stipend to	Chair					24,852	30,210
Employer's	National	Insurance	Contribution			3,112	3,006
Employer's	pension	contribution	to the defined	benefit scheme		6,685	8,126
Cash cost	paid by the Connexion					34,649	41,342
Chair's expenses						7,882	6,821
Total cost						42,531	48,163

					FOR	THE YEAR ENDE	D 31AUGUST 2020
9	Office		ex	nses	General	fund
							2019-20		2018-19
							E		E
	Printing	8	Stationery					5,541		3,235
	Total							5,541		3,235

						2019-20	2019-20	2018-19
								E
Synods							2,499	3,097
Conference							10	692
Committees							8,734	15,103
Chair's travel							7,304	6,821
Deputy Chairs								6,500
Total							18,547	32,213
None ofthe	remaining		individual	amounts	(aggregated	as 'Other' above) are considered	material and none are listed
separately
Otherout	oin s
						2019-20		2018-19
							E	E
General Fund
Professional	fees						4,680	1,760
Presbyter &	Probationer		Training				13,300	3,490
Safeguarding							12,994	16,931
3Generate							1,560	4,336
Computer costs							5,547	2,244
Sundry outgoings							2,455	79
Total General Fund outgoings							40,536	28,840
District Advance		Fund
TMCP charges							733	824
Designated	Funds
TMCP charges							216	314
Total							41,485	29,978

	Buildings	Total
	E
Cost orValuation
At 1 September 2019	312,250	312,250
Additions	1,149,539	1,149,539
At 30Au ust 2020	1,461,789	1,461,789

FOR THE YEAR ENDE Creditors and accrued expenses	D 31AUGUS T2020
	2019-20		2018-19
Creditors:
Expenses Outstanding		717	4,629
Independent examinations			1,700
Audit fee		4,700
LP Traing paid in Advance		3,483	3,483
Our Calling Grant		37,191	21,540
carried forward
Donation Still to be paid		42	42
Queens Hall Mission sale funds owed			100,266
Total creditors		46,133	131,660
Accruale:
PAYE, Nl and Pensions contributions
General		1,298	10,689
Total accrue/s		1,298	10,689
Total ofcreditors and accrued expenses		47,431	142,349

			2019-20	2018-19
Net income	for the reporting period (as per
Statement	of Financial	Activities)	1,126,242	P4,224)
Adjustments for:
Dividends,	interest and rents from investments		(6,612)	(5,715)
Rivergreen	Methodist	Hub gifted to the District	(968,201)
(increase)/decrease in		debtors	1,619	15,045
increase/(decrease) in		creditors	(94,918)	19,083
Net cash used in operating activities			58,130	(45,811)
Analysis	ofcash and cash equivalent
			2,020	2,019
Cash in hand			69,954	17,653
Investments	treated as cash		535,489	704,386
Total cash	and cash	equivalents	665,443	722,039