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|at 31August 2023 can be further split as foll|ows:|
|---|---|
|General
Fund Unrestricted|E530,143|
|District Advance
Fund Unrestricted|E281,985|
|Designated
Funds Unrestricted|E902,562|
|Restricted funds|E29,990|
|Total Unrestricted
Funds|E1,744,680|
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|||Note|General Fund
(Unrestricted)|Distdct
Advance
Fund
(Unrestricted)|Distdct
Advance
Fund
(Unrestricted)|Designated
Funds
(Unrestricted)|Designated
Funds
(Unrestricted)|Funds
(restricted)|Total
2023|Total
2022|
|---|---|---|---|---|---|---|---|---|---|---|
||||E||E||||||
|Income from|||||||||||
|Donations &Legacies|||1,620||||||1,620|6,345|
|Connexional
Advance &Property|Fund||||72,950||||72,950|101,833|
|Income from Investments|||1,494||15,897||21,310||38,701|9,670|
|Assessments
on circuits|||120,160||||||120,160|126,264|
|From Circuit Model Trust Funds||||237,055|||||237,055|235,204|
|Contribution
tothe mst ofthe Chair|||45,826||||||45,826|42,741|
|Other Income|||80,931|||||13,153|94,084|75,903|
|Total Income 8 Endowments|||250,031|325,902|||21,310|13,153|610,396|597,960|
|Expenditure
on|||||||||||
|Grants &donations|||250||62,878|841,900||3,500|908,528|96,679|
|Salaries &Associated Costs|||224,969||||||224,969|151,248|
|Cost ofthe Chair|||45,826||||||45,826|42,741|
|Property Maintenance|||74,600||||||74,600|46,057|
|Office Expenses|||2,228||||||2,228|3,626|
|Synods, Committees
&Conferences|||3,985||||||3,985|7,167|
|Training||||||||||17,667|
|Other Outgoings|||55,795||738||3,768||60,301|40,063|
|Total Expenditure|||407,653||63,616|845,668||3,500|1,320,437|405,24$|
|Net (expenditure)
/ Income before gains / (losses)|||(157,622)|262,286||($24,358)||9,653|(710,041)|192,712|
|Other Gains / (Lossesl|||||||||||
|Net (expenditure)
/ Income|||(157,622)|262,2$6||(824,358)||9,653|(710,041)|192,712|
|Tfr between
funds|||174,329|(64,882)||(129,784)||20,337|||
|Net Moveinents
in funds|||16,707|197,404||(954,142)||29,990|(710,041)|192,712|
|Reconciliation ofFunds:|||||||||||
|Total Funds brought forward|||513,436||84,581|1,856,704|||2,454,721|2,262,009|
|Total Funds Carried Forward|||530,143|281,985||902,562||29,990|1,744,680|2/I54,721|
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|||Nate|General Fund|Istrlct
Advance Fund|esrgnate
funds|Otherfunds|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||(Unrestricted)|(Unrestricted)|(Unrestricted)|(Restricted)|2023|2022|
|||||E|E|E||E|
|Tangible Nxed Assets|||||||||
|Manse and other property|||425,000||535,000||960,000|960,000|
|Total Fixed Assets|||425,000||535,000|||960000|
|Current Assets|||||||||
|Debtors and Prepayments||10|15,841|1,870|2,056||19,767|11.274|
|Central Finance Board &Trustees for iVlethodist|Church||||||||
|Purposes Deposits|||82,528|425,573|365,506|29,990|903,597|1,656,497|
|Cash at Bank and in Hand|||12,1$7||||12,1$7|19$08|
|Total Currant Assets|||110,556|427,443|367,562||935,551|1,687,579|
|Current Uabgities|||||||||
|Creditors and Accruals (due in under 1year)||11|5,413||||79226|74715|
|Net current assets|||105,143|353,630|367,562|29,990|656,325|1,612,864|
|Total assets less current gobllltles|||530,143|353,630|902,562|29,990|1,$16,325|2,572 864|
|lang term liabgities|||||||||
|Creditors and Accruals (due aRer more than 1year)||||71,645|||71,645|118143|
|Net Assets|||530,143|2$1,985|902,562|29,990|1,744,680|7.,454,721|
|Funds ofthe District|||||||||
|General Fund|||530,143||||530,143|513,436|
|District Advance
Fund||||281,985|||281,985||
|Designated
Funds|||||902362||902.562|1,856,704|
|Other Funds (restricted)||||||29,990|29,990||
|Total Unrestricted
Funds|||530,143|281,985|902A62|29,990|1,744,680|2,454,721|
|Total Funds|||530,143|281,985|902,562|29,990|1,744,680|2A54 721|
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||||||||Note||2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||E|E|
|Cash from operating activities||||||||16|(799,222)|173,555|
|Cash flows from investing||activities|||||||||
|Interest received|||||||||38,701|9.670|
|flat cash provided|by investing
activities||||||||38,701|9,670|
|Change
in cash and|cash|equivalents|in the reporting|period|||||(760,521|183,225|
|Cash and cash equivalents||at the beginning ofthe reporting|||period||||1,676,305|1,493080|
|Change
in cash and|cash|equivalents|at the end ofthe|reporting||period||17|915,784|1,676,305|
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||||2023|2022|
|---|---|---|---|---|
|General
Fund|||||
|Rental Income|- Rivergreen||9,239|6,635|
|Deputy Chair's|Stipend repayment|from MCH|37,827|16,729|
|Grant income|-Action on Poverty|&fustice||13,337|
|Grant income|- NPNP from Connexion|||10,000|
|Grant income|- Our Calling|||18,603|
|Derby Circuit|||27,253|8,876|
|Other|||6,612|1.723|
||||80,931|75,903|
|Restricted
Fund|||||
|Grant income|-Action on Poverty|&Justice|13,153||
||||94,084|75,903|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||E|6|
|General|Fund|||250|1,100|
|District|Advance||Fund|62,878|95,579|
|Designated||Funds||841,900||
|Restricted||||3,500||
|||||908,528|96,679|
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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||f|f|
|Salaries, stipends
and||allowances|||||178,047||123,681|
|Employer's|National|Insurance||Contributions||||15,086|9,443|
|Employer's|pension contributions|||||||30,926|17,419|
|Other||||||||910|705|
|Total Staff Costs|||||||224,969||151,248|
|The average|monthly|number||of|employees|during the year was 5(2022:5).The district also bears the stipend cast o||||
|3(2022:2)ministers.||||||||||
|Na employees
received|||employee||benefits|that totalled more than|f60,000.|||
|Cost ofChair||||||||||
|The stipend,|employer's||NIC and||employer's|pension contributions|ofthe Chair of District|are paid by the Methodist||
|Connexion.||||||||||
|||||||||2023|2022|
|||||||||f|E|
|Stipend and|allowances|||||||33,660|32,451|
|Employer's|National|Insurance||Contributions||||3,4&0|3,343|
|Employer's|pension contributions|||||||7,243|6,947|
|Other||||||||1,443||
|||||||||45,826|42,741|
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||||2023|2022|
|---|---|---|---|---|
|General Fund|||||
|Professional
Fees|||7,960|7,064|
|Safeguarding|||3,341|2,512|
|ITSupport &Computer||Costs|7,700|8,562|
|3Generate|||5,570|2,700|
|Travel
gr other expenses|||4,052|5,874|
|Chair (cover)|||18,000||
|Synod costs|||3,914||
|Sundry Outgoings|||5,258|9,147|
||||55,795|35,859|
|District Advance|Fund||||
|TMCP Charges|||738|847|
|Designated
Funds|||||
|TMCP Charges|||3,768|3,357|
|Total Cost|||60,301|40,063|
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|Tangible Fixed Assets|||||
|---|---|---|---|---|
||Manse|Other Property|Total||
|At valuation|||||
|At 1September 2022 and 31August 2023|535,000|425,000||960,000|
|Depreciation|||||
|Charge forthe year|||||
|Net gook Value|||||
|At 31August 2022 and 31August 2023|535,000|425,000||960,000|
##
|Debtors||||
|---|---|---|---|
|||2023|2022|
|General Fund||||
|Prepayments
and|arcrued income|15,841|11,274|
|District Advance|Fund|||
|Other debtor||1,870||
|Designated
Funds||||
|Other debtor||2,056||
|Total||19,767|11,274|
##
||||2023|2022|
|---|---|---|---|---|
|Amounts|due within 1year||||
|General|fund||||
|Accruals|and deferred income||5,413|18,578|
|District Advance||Fund|||
|Grants payable|||73,813|56,137|
||||79,226|74,715|
|Amounts|due after more than 1year||||
|District Advance||Fund|||
|Grants payable|||71,645|118,143|
||||71,645|118,143|
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|||Brought||||Gains/|Carried|
|---|---|---|---|---|---|---|---|
|2023||Forward|Income|Expenditure|Transfer|(losses)|Forward|
|||||||E|E|
|Unrestricted
funds||||||||
|GeneralFund||513,436|250,031|(407,653)|174,329||530,143|
|District Advance|Fund|84,581|325902|(63,616)|(64,882)||281,985|
|Designated
funds||||||||
|Manse fund||535,000|||||535,000|
|Mission fund||460,734|15,224|(4,058)|(104,338)||367,562|
|Lower Parliament|Street|637,987|3,039|(639,208)|(1,818)|||
|Alfreton Watchorn||218,219|3,024|(202,402)|(18,841)|||
|Moorwood
Moor||4,724|23||(4,747)|||
|Eskdale Drive||40|||(40)|||
|||1,856,704|21,310|(845,668)|(129,784)||902,562|
|Restricted funds||||||||
|New Places for New People|||||6,500||6,500|
|Methodist
Action|on||13,153|(3,500)|13,837||23,490|
|Poverty
grJustice||||||||
||||13,153|(3,500)|20,337||29,990|
|Total||2,454,721|610,396|(1,320,437)|||1,744,680|
|||Brought||||Gains/|Carried|
|2022||Forward|income|Expenditure|Transfer|(losses)|Forward|
||||||E|E||
|Unrestricted
funds||||||||
|GeneralFund||607,326|251,413|(305,465)|(39,838)||513,436|
|District Advance|Fund|127,830|339,965|(96,426)|(286,788)||84,581|
|Designated
funds||||||||
|Manse fund||535,000|||||535,000|
|Mission fund||132,465|5,000|(3,357)|326,626||460,734|
|Lower Parliament|Street|636,813|1,174||||637,987|
|Alfreton||217,820|399||||218,219|
|Moorwood
Moor||4,715|9||||4,724|
|Eskdale Drive||40|||||40|
|Restricted funds||1,526,853|6,582|(3,357)|326,626|—|1,856,704|
|Total||2,262,009|597,960|(405,248)|||2,454,721|
##
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||General|District|Designated|Restricted|Total|
|---|---|---|---|---|---|
||Fund|Advance|Funds|Funds||
|2023||Fund||||
|Fixed assets|425,000||535,000||960,000|
|Cash and current investments|94,715|425,573|365,506|29,990|915,784|
|Other current assets/(liabilities)|10,428|(71,943)|2,056||(59,459)|
|Creditors more than one year||(71,645)|||(71,645)|
|Total|530,143|281,985|902,562|29,990|1,744,680|
||General|District|Designated|Restricted|Total|
|---|---|---|---|---|---|
||Fund|Advance|Funds|Funds||
|2022||Fund||||
|Fixed assets|425,000||535,000||960,000|
|Cash and current investments|95,740|258,861|1,321,704||1,676,305|
|Other current assets/(liabilities)|(7,304)|(56,137)|||(63,441)|
|Creditors more than one year||(118,143)|||(118,143)|
|Total|513,436|84,581|1,856,704||2,454,721|
##
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|Reconciliation of|net|income tonet cash from operating|activities||
|---|---|---|---|---|
||||2023|2022|
|Net (expenditure)
/|income||(710,041)|192,712|
|Adjustments
for:|||||
|Interest received|||(38,701)|(9,670)|
|(Increase)/ decrease|in debtors||(8,493)|170,190|
|(Decrease) in creditors|||(41,987)|(179,677)|
|Net flow from operating||activities|(799,222)|173,555|
|Analysis ofcash and cash equivalents|||
|---|---|---|
||2023|2022|
||E|E|
|Cash at bank and in hand|12,187|19,808|
|Investments
treated as cash|903,597|1,656,497|
|Total Cash and Cash equivalents|915,784|1,676,305|