OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-08-31-accounts

Page
Trustees'
Report (including
reference and administrative		 details) 1-7
Statement offinancial
activities
Balance Sheet
Cash flow statement 10
Notes to the financial statements 11-19
Declaration 20
Independent
examiner's
report		 21
The following
page does not form		 part ofthe financial statements
Detailed income and expenditure account 23

Unrestricted Funds Restricted Restricted Endowment Total Total
General CMTF Funds Funds 2021 2020
Note E E E E
Income and Endowments from:
Donations
and legacies		 2 337 3,858 4,195 496,967
Charitable
activities
Assessments
or share		 3 367,878 367,878 376,794
Other trading activities
Lettings 3,250
Investments 869 2,338 101 6 3,314 7,731
Other 626 67,630 68,256 21,054
Total 369,710 69,968 3,959 6 443,643 905,796
Expenditure
Stipends, salaries,
NIC &Pension costs		 8 271,091 271,091 284,497
TMCP Levy 17,543 17,543 35,758
Methodist
Church
Fund, including		 District
Assessment 79,592 79,592 80,933
Telephone
&travel		 3,883 3,883 5,305
Insurance,
utilities, etc.		 21,003 21,003 28,118
Maintenance
ofcircuit manses		 33,398 33,398 46,861
Maintenance
ofother Circuit property
(Halcyon
&.Colebrook)		 14,808 14,808 5,560
Other Expenditure 9 32,352 701 26 3 33,082 33,239
Grants and donations 10 30,746 44,786 105 75,637 60,841
Total 486,873 63,030 131 3 550,037 581,112
Net (expenditure)/income
and losses on investments		 before gains (117,163) 6,938 3,828 3 (106,394) 324,684
Net gains/(losses)
on investments		 2,070 5,405 708 8,183 (730)
Net income/(expenditure) for the year (115,093) 12,343 4436 3 (98,211) 323,954
Transfers between
funds		 10,372 137,680 (148,049) (3)
Net movement
in funds		 (104,721) 150,023 (143,513) (98,211) 323p954
Reconciliation
offunds:		 19
Total funds brought forward 432,009 350,585 2,386,880 1,700 3,171,174 2,847,220
Total funds carried forward 327,288 500,608 2,243,367 1,700 3,072,963 3,171,174
I«
Itl		 m
O
Ch		 r
CO
CO		 Cl «r
fhm		 o
ID		 O
m		 Ctl 'crN
CI		 «t
CO
rfl		 Cl C!
CO		 Cl
Cl
Vl
ttl
0I-		 t«
QJ		 v
I
ID		 m
Ifl		 IA
Cl
r		 LD
0		 O
th		 CO Lh
mIh		 lh
ID
V		 r
I
m		 m
0 4'
tfl
Ch		 ID
Dl		 0
Ch		 N
N
0		 LA
ffl		 lfl
IA
tfl		 LO ChN
ID		 m
Ul
Ch		 Cl
Dl
Ul		 COO
LD		 ID
Ch
co		 r
ID
m		 O
0		 m
ID
th
Ql Ql Ut NN Ct
LD
N		 N N
N		 ID
CO		 CO
CO		 m
CI
CO		 CI N Cl
Cl		 r
N
CO		 m
«r
N		 ICl
0 rh N m
Ql 0
0		 0
0
I		 Cl0 0
0
r		 0
0
r
E
3
0		 QO
C
LC		 ILI
LU
CI 0 r r
IA IO LD
Ul CO CO m m rh
'C I« N Dl
N		 Crl m
N		 m Ifl
«rN
N C« N
Ql
CO
Ql Ql 0 Ch
m
+ QlC N Ch
Ch
CIC w
I
CJ C!
+
'a0
00.
C0
tll
Cr'a
C
IO		 v
IU
LA
Cl
C
IQ
rtl
CD		 0
N
v
th
Cll
t
IQ
tO		 Ql
0
V
U
IU
I«
Ql		 17
I-
w'0		 '0
Cl
Ll
Vl
IU
C		 IA
QO
m
fh
m
N
m		 Lh
OO
m
ttl
m
N
m		 O
Ol
ID		 N
Ul
ID
m
ffl		 rIA
m
CO
Ifl
N
CI
m		 IA
I
IA
ID
r
ID
«r
f«		 CO
CI
ID
CI
CI
IA
10
Ch
CO		 Cl
OI
CO
NN		 CO
Cl
CJ
Cl		 CO
CI
tD
CI0
IA
ID
Ch
OO
rN		 th
tU
JO
V
00
QlC
OO
V0
t«
+ C0
0
E
CU Ql
0z		 Dl Ch
C0
CI
IC0
CO
IU
JO
'C!
O
CJ
IJ
'C		 QJ
0
Ct.
V lJ tO
IU
IJI
«Q'0
Cl
1«
U		 IC D.IJ
3
C
C		 Vl
Ql
vt
0'0
IC
r0		 «C
C
IJ		 V
Ql
CI		 0
C
E
VI		 Vl0
IQ0
CCI
tlJ
LlC
IQC
LU
C
IUE—
QJ
O.IJ
c
0
Ql
0C
IO
IC
CD
YIO
tOIJ		 Vl
Vl
Vl
Cl		 In
JQ
IO
L
Cl
IJ		 QJtlC0
C
Ql0
VJ0
0
Ql		 V
Ql
,0
Ql
0		 I
IU
0
C		 V
QJ
8		 +
Cl
LJ
Ql
0
Vl
'O
Ll		 Xf
Ql
0
LC
Ql
QJ
QO		 C
ClC
Vl		 Ql
tJ
tU
C
U-
tt
tU
+
IO		 U.
IU
0
0		 I
13
0
QJ
Ll
Ql
IY		 '8
C
C
tU
E30		 '5
C
U.
0		 Ql
Ql
E
V
IO
1Vl
IC
OC
IC
QJ		 IQ Ql

for t he Yea r Ended 31August 20 21
2021 2020
6 6
Net cash used in operating activities (see below) (171,529) (162,449)
Cash flows from investing activities:
(Purchase)/Sale
ofinvestments		 (115,434) 232,407
Purchase offixed assets (557,649) (103,064)
Proceeds from sale ofproperty (net of levy and other costs) 774,640
Dividends,
interest and rents		 from investments 3,005 5,918
Net cash provided
by investing		 activities 104,562 135,261
Change
in cash and cash equivalents		 in the reporting period (66,967) (27,188)
Cash and cash equivalents at the beginning ofthe reporting period 365,424 392,612
Cash and cash equivalents at the end ofthe reporting period 298,457 365,424
2021 2020
6 6
Reconciliation ofcash flows from operating activities:
Net (expenditure)/income for the reporting period (98,211) 323,954
Adjustments
for:
(Gains)/Losses
on investments		 (8,183) 730
Donated assets (3,858) (485,000)
Fund income 2,287 (161)
Profit on the sale offixed assets (67,630)
Capital expenditure (675)
Dividends,
interest
and rents		 from investments (3,005) (5,918)
(Increase)/Decrease
in debtors		 (340) 5,362
Increase/(Decrease)
in creditors		 8,086 (1,416)
Net cash (used in)/provided by operating activities (171,529) (162,449)
2021 2020
f 6
Analysis ofcash and cash equivalents
Cash in hand 4
Current
accounts		 298,457 365,420
Notice deposits (less than 3 months)
Total cash and cash equivalents 298,457 365,424
Analysis ofnet changes
in		 debt
At the start of Fair value At the end of
the year Cash Rows adjustments the year
Cash 188,119 (101,684) 86,435
Cash equivalents 177,305 26,534 8,183 212,022
Borrowings
Total 365,424 (75,150) 8,183 298,457

2021 2020
E E
Dividends and interest on investments (restricted
funds)		 101 69
Dividends and interest on investments (unrestricted CMTF funds) 2,338 4,644
Dividends and interest on investments (unrestricted designated funds) 74 193
Dividends and interest on investments (unrestricted funds) 486 997
Dividends and interest on investments (endowment funds) 6 15
Central
Finance Board (unrestricted
funds)		 309 1,813
3,314 7,731

2021 2020
Number
oftrustees		 who were paid expenses
Expenses payments primarily relate to reimbursement for travel/courses. 67
Reimbursement for items purchased on behalf ofthe Circuit. 1,434
Remove
I costs
Total amount paid (E) 1,501

Gross salar ies paid t o employe es were as follows:
2021 2020
E E
Gross pay 215,095 217,207
Employer's National Insurance contributions 14,053 15,080
Employer's pension contributions to defined benefit schemes 30,474 36,092
Employer's pension contributions to defined contribution schemes 0 2,554
Total payroll costs 259,622 270,933
Other expenses
paid		 11,469 13,564
Total staff costs (unrestricted funds) 771991 194497

.....continued Notes to the Financial Statements
for the Year Ended 31August 2021
9 Other outgoings
All costs are made from unrestricted funds except those noted below. 2021
f		 2020
f
Graveyard
costs		 1,850 2,179
Removal costs 7,638 5,357
Quinquennials 1,692 846
Administration
expenses		 1,023
Accountancy
fees		 5,188 3,410
Independent
examination		 fees 1,750 1,590
Circuit centre cleaning costs 2,106
Other Sundry costs 3,994 4,058
Fund Management
charges:
(unrestricted
funds)		 202 201
(unrestricted
CMTF funds)		 702 1,187
(unrestricted
designated		 funds) 45 45
(restricted funds) 25 21
(endowment
funds)		 3 3
Publications 1,746 61
Alarms 51 442
Circuit plans 630 420
Professional fees 6,702 9,923
Communion
wine		 330
Stewards/local
preachers costs		 864 37
Total 33 D82 33233
10 Grants and donations
2021 2020
f f
Families/Youth
Workers (unrestricted		 CMTF funds) 20,000 20,000
Pennycross
Mission enabler		 (unrestricted CMTF funds) 5,379 5,379
Compton
Roof relacement		 24,000
The Elder Tree roof repair 5,000
Mount Gould Fire escape 3,526
Compton
contribution
to wall		 12,000
Bittaford
roof replacement		 and insulation 4,195
Ridgeway
re new boiler		 3,212
Digital grants 30,746
Other small grants:
(unrestricted
funds)		 1,586
(restricted funds) 105 1,350
Total 73637 6D841
11Manses and other property
Manses Total
f f
Cost or valuation
As at 1September 2020 1,671,903 1,671,903
Additions
in the year		 557,647 557,647
Reclassified from current asset investment
Reclassified as current asset investment
At 31August 2021 2,229,550 2,229,550

......continued
12 Investments held as fixed assets
Other
investments
Market value
As at 1September 2020 33,887
Revaluation 5,897
At 31August 2021 39,784
Net book value
At 31August 2021 39,784
At 31August 2020 33,887
13 Debtors and prepayments
Debtors were made up as follows:
2021 2020
f f
Prepayments and accrued income 12,796 12,656
Other debtors 200
Total 12996 12696

continued
Creditors: Amounts
falling due within one year
2021 2020
E E
Deferred income 44,381 56,819
Other Creditors 27,165 9,031
Accruals 6,180 3,790
Total 26 69 643
It is expected that all accruais and other creditors as at 31August 2021 will be p aid during the year to 31August 2 022.
Deferred income relates to assessments which are paid in advance. 2021 2020
E E
Deferred income brought
forward		 56,&19 54,772
Assessment
income received
in the year
Deferred income carried forward		 355,440
~(44.38		 378,841
(56,819)
Assessment
income recognised
in the year		 36
878		 376 794

Analysis of f unds
Gains/
Balance asat Incoming Outgoing (Losses) on Balance as at
01-Sep-20 Resources Resources investments Transfers 31-Aug-21
Restricted Funds
8Skelley 297 1 (1) 297
Sup'ts Discretionary Fund 2,014 6 (4) (500) 1,516
Training Fund 5,290 19 (115) 1,200 6,394
Youth Ik Children 1,042 4 (2) 1,044
Oreston —Royle Trust 3,929 (8) 708 (63) 4,566
Manses 2,378,237 (148,687) 2,229,550
2,386,880 3,959 (130) 708 (148,050) 2,243,367
Endowment Funds
Mrs Lakin - Legacy 1,700 (3) (3) 1,700
Unrestricted Funds
Designated Funds
Laira Zion Utd 10,251 35 (20) 10,266
Miss F L Moore 12273 39 (25) (1,515) 10,772
FAME 109,936 210 (31,786) 78,360
132,460 284 (31,831) (1,515) 99,398
Genera
I		 Fun d 198,503 368,940 (424,095) 12,018 155,366
Circuit Model Trust Fund 350,585 69,968 (63,030) 5,405 137,680 500p608
Oreston funds 11,862 169 (24) 1,568 13,575
Various 70,231 254 (30,886) 502 (108) 39,993
R Hill 18,953 63 38) (22) 18,956
650,134 439,394 (518,073) 7,475 149,568 728,498
Total Funds 3171174 443~643 (550p037) 8 183 3,072,963

for the Year Ended 31August 2021
2021 2020
f E
INCOME
Circuit assessments 367,878 376,794
Donations 337 485,042
Income from Oreston 3,858 11,925
Dividends 822 4,277
Bank interest receivable 2,492 3,454
Rental income 3,250
Otherincome 626 21,054
376,013 905,796
DIRECT CHARITABLE EXPENDITURE
Grants paid 75,637 60,841
Wages and salaries 271,091 284,497
Water 2,684 3,302
Counciltax 14,160 17,050
Insurance 4,159 7,766
Alarms 51 442
Repairs and maintenance 33,398 46,861
Oreston expenses 14,808 5,555
Colebrook expenses 5
Removals 7,638 5,357
Quinquennials 1,692 846
TMCP —District levy 17,543 35,758
Support costs ofconnexion and district 79,592 80,933
Professional
fees		 6,702 9,923
Telephones 3,883 5,305
Publications 1,746 61
Supernumeraries
preaching		 expenses 651 1,769
Stewards costs 864 37
Communion
wine		 330
Sundries 1,053 2,289
Graveyard
costs		 1,850 2,179
Circuit plans 630 420
539,832 571,526
MANAGEMENT
AND ADMINISTRATION
Administration,
postage		 and stationery 2,290 1,023
Circuit office costs —Stoke 2,106
Independent
review		 and accountancy 6,938 5,000
Fund management charges 977 1,457
10,205 9,586
TOTAL EXPENDITURE 550,037 581,112
Unrealised
gains/(losses)		 on investments 8,183 (730)
NET (DEFICIT)/INCOME before exceptional items (165,841) 323,954
Gain on sale of3 Springfield Avenue 4,991
Gain on sale of170 Fort Austin Avenue 132,463
Loss on the sale of76 Lynwood Avenue (69,824)
NET MOVEMENT
IN FUNDS		 (98,211) 323,954