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||||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|
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|||||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|
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|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|
##
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||||||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|
##
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||||||||||||||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||||
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|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|
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|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|
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|||||||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)|