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||||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|
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|||||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|
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|||||||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|
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||||||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|
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|||||||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|
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|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|
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|.....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|
##
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|......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|
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|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|
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|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|
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||||||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|