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2022-08-31-accounts

Page
Trustees'
Report (including
reference and administrative		 details) 1-8
Statement offinancial
activities
Balance Sheet 10
Cash flow statement
Notes to the financial statements 12-20
Declaration 21
Independent
examiner's
report		 22
The following
page does not form		 part ofthe financial statements
Detailed income and expenditure account 24

Unrestricted Funds Restricted Endowment Total Total
General CMTF Funds Funds 2022 2021
Note f E
Income and Endowments from:
Donations
and legacies		 972 9'72 4,195
Charitable
activities
Assessments
or share		 387,567 387,567 367,878
Investments 1,298 3,040 154 4,500 3,314
Other 2,659 136,954 139,613 68,256
Total 392,496 139,994 154 8 532,652 443,643
Expenditure
Stipends, salaries,
NIC 5 Pension costs		 8 315,143 315,143 271,091
TMCP Levy 28,796 28,796 17,543
Methodist
Church
Fund, including		 District
Assessment 77,591 77,591 79,592
Telephone
&travel		 4,221 4,221 3,883
Insurance,
utilities, etc.		 26,751 26,751 21,003
Maintenance
ofcircuit manses		 17,121 17,121 33,398
Maintenance
ofother Circuit property
(Oreston) 2 213 2213 14,808
Other Expenditure 9 22,502 1,427 39 23,972 33,082
Grants and donations 10 19,738 19,738 75,637
Total 485,280 30,223 4 515,546 550,037
Net (expenditure)/income
and losses on investments		 before gains (92,784) 109,771 115 4 17,106 (106,394)
Net gains/(losses)
on investments		 (838) (2,189) (287) (3,314) 8,183
Net income/(expenditure) for the year (93,622) 107,582 (172) 4 13,792 (98,211)
Transfers between
funds		 (12,816) 7,957 4,861 (2)
Net movement
in funds		 (106,438) 115,539 4,689 2 13,792 (98,211)
Reconciliation
offunds:		 19
Total funds brought
forward		 327,288 500,608 2,243,367 1,700 3,072,963 3,171,174
Total funds carried forward 220,850 616,147 2,248,056 1,702 3,086,755 3,072,963
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for th e Yea r Ended 31August 202 2
2022 2021
f f
Net cash used in operating activities (see below) (117,535) (171,529)
Cash flows from investing activities:
(Purchase)/Sale ofinvestments (97,319) (115,434)
Purchase offixed assets (154,959) (557,649)
Proceeds from sale ofproperty (net of levy and other costs) 287,030 774,640
Dividends,
interest and rents		 from investments 3,903 3,005
Net cash provided
by investing		 activities 38,655 104,562
Change
in cash		 and cash equivalents in the reporting period (78,880) (66,967)
Cash and cash equivalents at the beginning ofthe reporting period 298,457 365,424
Cash and cash equivalents at the end ofthe reporting period 219,577 298,457
2022 2021
f
Reconciliation ofcash flows from operating activities:
Net (expenditure)/income forthe reporting period 13,792 (98,211)
Adjustments
for:
(Gains)/Losses on investments 3,314 (8,183)
Donated assets (3,858)
Fund income (924) 2,287
Profit on the sale offixed assets (136,954) (67,630)
Capital expenditure (75) (675)
Dividends,
interest and rents		 from investments (3,903) (3,005)
(Increase)/Decrease
in debtors		 (17,959) (340)
Increase/(Decrease)
in creditors		 25,174 8,086
Net cash (used in)/provided by operating activities (117,535) (171,529)
2022 2021
f f
Analysis ofcash and cash equivalents
Cash in hand
Current accounts 219,577 298,457
Notice deposits (less than 3months)
Total cash and cash equivalents 219,577 298,457
Analysis ofnet changes
in		 debt
At the start of Fair value At the end of
the year Cash flows adjustments the year
Cash 86,435 (1,886) 84,549
Cash equivalents 212,022 (73,680) (3,314) 135,028
Borrowings
Total 298,457 (75,566) (3,314) 219,577

Investmen t
income
2022 2021
f f
Dividends and interest on investments (restricted
funds)		 154 101
Dividends and interest on investments (unrestricted CMTF funds) 3,040 2,338
Dividends and interest on investments (unrestricted designated funds) 99 74
Dividends and interest on investments (unrestricted funds) 602 486
Dividends and interest on investments (endowment funds) 8 6
Central Finance Board (unrestricted
funds)		 597 309
4,500 3,314

2022 2021
Number oftrustees who were paid expenses
Expenses payments primarily relate to reimbursement for travel/courses. 88
Reimbursement
for		 items purchased on behalf ofthe Circuit. 2,386
Total amount
paid		 (f) 2,386 88

2022 2021
f f
Gross pay 241,926 215,095
Employer's National Insurance contributions 18,215 14,053
Employer's pension contributions to defined contribution schemes 37,451 30,474
Tota I payroll costs 297,592 259,622
Other expenses paid 17,551 11,469
Total staff costs (unrestricted funds) 313143 271091
No employees received employee benefits that totalled more than f60,000. There is no accrual
for holiday		 pay as it is
immaterial; the holiday year ends on 31August. All staff are paid at or above the living wage.

Notes tothe Financial Statements
for the Year Ended 31August 2022
.....continued
9 Other outgoings
All costs are made from unrestricted funds except those noted below. 2022 2021
f f
Graveyard
costs		 4,960 1,850
Remova
I costs		 7,638
Quinquennials 1,692
Administration
expenses		 1,895 2,289
Accountancy
fees		 5,048 5,188
Independent
examination		 fees 1,750 1,750
Other Sundry costs 1,298 1,705
Fund Management
charges:
(unrestricted
funds)		 207 202
(unrestricted
CMTF funds)		 1,427 702
(unrestricted
designated		 funds) 60 45
(restricted
funds)		 39 25
(endowment
funds)		 5 3
Publications 2,847 1,746
Alarms 51
Circuit plans 816 630
Professiona
I fees		 2,057 6,702
Communion
wine		 357
Stewards/local
preachers costs		 1,206 864
Total 23 972 33082
10 Grants and donations
2022 2021
f f
Families/Youth
Workers (unrestricted		 CMTF funds) 20,000
Pennycross
Mission enabler		 (unrestricted CMTF funds) 5,379 5,379
Compton
contribution		 to wall 12,000
Bittaford
roof replacement		 and insulation 4,195
Ridgeway
re new boiler		 3,212
Digital grants 10,862 30,746
Other small grants:
(unrestricted
funds)		 3,497
(restricted
funds)		 105
Total 1973& 75 637
11Manses and other property
Manses Total
f
Cost or valuation
As at 1September 2021 2,229,550 2,229,550
Additions
in the year		 154,959 154,959
Less: Disposals
in the year		 (150,000) (150,000)
At 31August 2022 2,234,509 2,234,509

......continved
12 Investments held as fixed assets
Other
investments
Market value
As at 1September 2021 39,784
Revaluation (2,391)
At 31August 2022 37,393
Net book value
At 31August 2022 37,393
At 31August 2021 39,784
13 Debtors and prepayments
Debtors were made up as follows:
2022 2021
f f
Prepayments and accrued income 15,615 12,796
Other debtors 15,340 200
Total 30955 12996
14 Investments

ontinued
Creditors: Amounts
falling due within one year
2022 2021
f f
Deferred income 51,478 44,381
Ot.her Creditors 33,065 27,165
Accruals 18,357 6,180
Total 102900 77726
It is expe cted that all accruals and other creditors as at31August 2022 will be paid during the year to 31August 2 023.
Deferred income relates to assessments which are paid in advance. 2022 2021
f f
Deferred income brought
forward		 44,381 56,819
Assessment
income received
in the year		 379,324 355,440
Deferred income carried forward (51,478) (44,381)
Amount owed for the year but not received 15,340
Assessment
income recognised
in the year		 387387 367,878

19 Analysis of funds funds
Gains/
Balance as at Incoming Outgoing (Losses) on Balance as at
01-Sep-21 Resources Resources investments Transfers 31-Aug-22
Restricted Funds
BSkelley (1) 297
Sup'ts Discretionary Fund 1,516 (4) 1,519
Training Fund 6,394 30 (18) 6,406
Youth
gk		 Children 1,044 (3) 1,046
Oreston - Royle Trust 4,566 (13) (287) (98) 4,279
Manses 2,229,550 4,959 2,234,509
2,243,367 154 (39) (287) 4,861 2,248,056
Endowment Funds
Mrs Lakin - Legacy 1,700 (4) (2) 1,702
Unrestricted Funds
Designated Funds
Laira Zion Utd 10,266 48 (3,526) 6,788
Miss F LMoore 10,772 51 (31) (21) 10,771
PAME 78,360 2,245 (41,787) 38,818
99,398 2,344 (45,344) (21) 56,377
Circuit Model Trust Fund 500,608 139,994 (30,223) (2,189) 7,957 616,147
General Fund 155,366 389,551 (428,867) (12,616) 103,434
Oreston funds 13,575 262 (39) (635) 13,163
Various 39,993 250 (10,976) (203) (142) 28,922
R Hill 18,956 89 (54) (37) 18,954
728,498 530,146 (470,159) (3,027) (4,838) 780,620
Total Funds 3,072,963 532,652 (515,546) (3,314) 3,086,755

for the Year Ended 31August 2022
2022 2021
f f
INCOME
Circuit assessments 387,566 367,878
Donations 972 337
Income from Oreston 3,858
Dividends 1,281 822
Bank interest receivable 3,219 2,492
Other income 2,659 626
395,697 376,013
DIRECT CHARITABLE EXPENDITURE
Grants paid 19,738 75,637
Wages and salaries 315,143 271,091
Water 3,751 2,684
Counciltax 16,136 14,160
Insurance 6,864 4,159
Alarms 51
Repairs and maintenance 17,121 33,398
Oreston expenses 2,213 14,808
Removals 7,638
Quinquennials 1,692
TMCP - District levy 28,796 17,543
Support costs ofconnexion and district 77,591 79,592
Professional
fees		 2,057 6,702
Telephones 4,221 3,883
Publications 2,847 1,746
Supernumeraries preaching expenses 651
Stewards costs 1,206 864
Communion
wine		 357
Sundries 1,298 1,053
Graveyard
costs		 4,960 1,850
Circuit plans 816 630
505,115 539,832
MANAGEMENT
AND ADMINISTRATION
Administration,
postage		 and stationery 1,895 2,290
Independent
review		 and accountancy 6,798 6,938
Fund management charges 1,738 977
10,431 10,205
TOTAL EXPENDITURE 515,546 550,037
Unrealised
gains/(losses)		 on investments (3,314) 8,183
NET (DEFICIT)/INCOME before exceptional items (123,163) (165,841)
Gain on sale of 3 Springfield Avenue 4,991
Gain on sale of170 Fort Austin Avenue 132,463
Loss on the sale of76 Lynwood Avenue (69,824)
Gain on sale of7 St Lawrence Road 136,955
NET MOVEMENT IN FUNDS 13,792 (98,211)