2021-08-31-accounts

CONTENTS											PAGE
Report ofthe Trustees											1-5
Independent	Auditor's	Report									6 -8
Statement ofFinancial		Activities
Balance Sheet											10
Statement of	Cash Flows
Notes to the Financial		Statements									12-17
TRUSTEES	(Circuit	Stewards)		Steve Acklam	(Senior Steward)
A full list of	Trustees	is shown	on page 4/5	Margaret Wilson
				Ruth Levine
				Paul Ashley (Treasurer)
CIRCUIT MINISTERS				The Reverend	Colin Smith (Superintendent)
				Deacon Ian Murray
				The Reverend	Alison Walker
				The Reverend	Charity Nzegwu
REGISTERED OFFICE				Wesley Methodist		Church
				Christ's Piece
				Cambridge
				CBI ILG
CHARITY REGISTRATION NUMBER				1134226
AUDITORS				Prentis &Co LLP
				Chattered Accountants				and Statutory	Auditors
				115cMilton Road
				Cambridge
				CB4 IXE
				Lloyds Bank Plc
				University ofCambridge				Branch
				PO Box 1000
				BXI ILT
				Trustees for Methodist			Church Purposes
				Model Trust Fund
				Central Buildings
				Oldham Street
				Manchester
				Ml IJQ
				Central Finance	Board ofthe Methodist					Church
				9Bonhili Street
				London
				EC2A 4PE

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BALANCE SHEET
		2021	2020
	Notes
FIXEDASSETS Tangible fixed assets Investments		3,213,000 787,434		2,749,900 723,433
TOTAL FIXED ASSETS		4,000,434		3,473,333
CURRENT ASSETS
Central Finance Board - Deposit Accounts Cash at bank and in hand		489,043 3,825	552,013 6,396
TOTAL CURRENT ASSETS		492,868	558,409
CREDITORS: amounts falling due within one year		53,565	53,983
NET CURRENT ASSETS		439,303		504,426
TOTAL ASSETS LESS CURRENT LIABILITIES		4,439,737		3,977,759
NET ASSETS	10	4,439,737		3,977,759
THE FUNDS OF THE CHARITY Unrestricted income funds		4,424,218		3,945,617
Restricted income funds		15,519		32,142
TOTAL CHARITY FUNDS		4,439,737		3,977,759

			2021	2020
		Notes		6
CASH USED IN OPERATING ACTIVTIES
Net cash used in operating activities		12	433,263	105,418
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received			1,523	5,711
Lettings income			17,426	14,952
Additions to investments			(853)	(1,232)
Revaluation ofproperties			(516,900)
NET CASH PROVIDED BYINVESTING ACTIVITIES			(498,804)	19,431
CHANGE IN CASH AND CASH EQUIVALENTS	IN THE	YEAR	(65,541)	124,849
CASH AND CASH EQUIVALENTS AT THE BEGINNING		OF THE YEAR	558,409	433,560
CASH AND CASH EQUIVALENTS AT THE END	OF THE YEAR		492,868	558,409

			(Unrestricted)
GRANTS RECEIVED			Circuit	Model		2021
Year ended	31st August 2021		General	Trust	Restricted	Total
			Fund	Fund	Funds	Funds
					8
Connexional	Diaconal	Grant	18,000			18,000
The Leys			105			105
			18,105			18,105
			(Unrestricted)
GRANTS RECEIVED			Circuit	Model		2020
Year ended	31stAugust 2020		General	Trust	Restricted	Total
			Fund	Fund	Funds	Funds
					8
Connexional	Diaconal	Grant	18,000			18,000
Venture FX					9,501	9,501
The Leys			105			105
			18,105		9,501	27,606

NOTES	TO	THE FINANCIAL STATEMENTS
						(Unrestricted)
		INTEREST AND INVESTMENT INCOME				Circuit	Model		2021
		Year ended 31st August 2021				General	Trust	Restricted	Total
						Fund	Fund	Funds	Funds
		Interest on deposits				162	2,277	35	2,474
						(Um estri cted)
		INTEREST AND INVESTMENT INCOME				Circuit	Model		2020
		Year ended 31st August 2020				General	Trust	Restrtcted	Total
						Fund	Fund	Funds	Funds
		Interest on deposits				913	4,798		5,711
		TRUSTEE AND STAFF REMUNERATION
		The staff costs were:						2021	2020
		Trustees (Circuit Ministers) and	support	staff
		Salaries						119,045	130,313
		Social security	costs					10,285	9,653
		Pension costs						28,280	20,915
								157,610	160,881
		Average weekly number ofstaif	employed	during	the year:
		Full time
		Part time
								5	5

compensation recei	ved including benefits is f119,045 (2020:f130,313).
NET MOVEMENT	IN FUNDS FOR THE YEAR	2021	2020
The net movement	in funds for the year is stated after charging:
Audit fee		3,205	3, 109

In common with other smail entities ofour size and nature we use our auditors	to assist with the preparation
ofour financial statements,
TANGIBLE FIXEDASSETS	Freehold
Year ended 31 August 2021	property
	(manses)
COST
Balance at 1st September 2020	2,749,900
Revaluations	463,100
Balance at 31st August 2021	3,213,000
DEPRECIATION
Baiance at 1st September 2020 and 31stAugust 2021
NET BOOK VALUE at 31st August 2021	3,213,000

NOTES	TO	THE FINANCIAL STATEMENTS .. .....,../CONTINUED
		TANGIBLE FIXEDASSETS,..../CONTINUED		Freehold
		Year ended 31 August 2020		propetry
				(nianses)
		COST		8
		Balance at 1st September 2019and 31st August 2020		2,749,900
		DEPRECIATION
		Balance at 1st September 2019 and 31stAugust 2020
		NET BOOK VALUE at 31st August 2020		2,749,900
			Book Value	Book Value
		GAINS AND LOSSES	@	@
			01.09.2021	01.09.2020
			f,
		68 Melbourn Road, Royston	623,500	488,300
		12Moss Drive, Haslingfield	566,500	565,400
		37 Maids Causeway, Cambridge	1,180,000	1,028,000
		Ia Radegund Road, Cambridge	843,000	668,200
			3,213,000	2,749,900

The properties were revalued	by the hustees	by the hustees	this year with	reference to	reference to	reference to	the	relevant sources.	relevant sources.	The values are	The values are
fair value based on open market		value.
INVESTMENTS										2021	2020
Circuit Finance Board managed		fund								1,950	1,977
2 Mowlain Close, Impington										722,000	668,200
Investment account										63,484	53,256
										787,434	723,433
GAINS AND LOSSES			Book Value								Book Value
YEAR ENDED 3 I AUGLIST	2021		@					Gains			@
			01.09.2020		Additions			/(Losses)	Revaluation		31.08.2021
				f,
2 Mowlam Close, Impington			668,200							53,800	722,000
Circuit Finance Board managed		fund	1,977				9	(36)			1,950
Investment account			53,256			844		9,384			63,484
			723,433			853		9,348		53,800	787,434
GAINS AND LOSSES					Book Value						Book Value
YEAR ENDED 31 AUGUST	2020				@					Gains	@
					01.09.2019			Additions	/(Losses)		31.08.2020
											8
2 Mowlam Close, Impington					668,200						668,200
Circuit Finance Board managed		fund			1,947			12		18	1,977
Investment account					52,036			1,220			53,256
					722,	183		1,232		18	723,433

CREDITORS				2021	2020
Due within one year;
Assessment income				50,000	50,000
Audit fee accrual				2,850	2,825
Other accruals				715	1,158
				53,565	53,983
RESTRICTED FUNDS	Brought				Carried
Year ended 31st August 2021	forward	Income	Expenditure	Transfers	forward
Youth Work	6,959	8	4, 110		2,857
Hany Jackson Fund	16,808	18	4,164		12,662
Venture FX	4,871	5	2,000	(2,876)
Menses Accounts	3,504	4	8,298	4,790
	32,142	35	18,572	1,914	15,519
RESTRICTED FUNDS	Brought				Carried
Year ended 31st August 2020	forward	Income	Expenditure	Transfers	forward
		f
Youth Work	13,710		6,751		6,959
Harry Jackson Fund	16,808				16,808
Venture FX	11,271	9,699	16,099		4,871
Menses Accounts	11,451		7,947		3,504
	53,240	9,699	30,797		32,142

ANALYSIS OF NET ASSETS BETWEEN FUNDS	Unrestricted	Restricted	Total
Year ended 31stAugust 2021	Funds	Funds	Funds
	f,	8
Tangible fixed assets	3,213,000		3,213,000
Investments	787,434		787,434
Net current assets	423,784	15,519	439,303
	4,424,218	15,519	4,439,737
ANALYSIS OF NET ASSETS BETWEEN FUNDS	Unrestricted	Restricted	Total
Year ended 31st August 2020	Funds	Funds	Funds
Tangible fixed assets	2,749,900		2,749,900
Inveshnents	723,433		723,433
Net current assets	472,284	32,142	504,426
	3,945,617	32,142	3,977,759

RECONCILIATION O ACTIVITIES	F NET	MOVE	MENT IN FUNDS TO NET CAS	H FLOW FROM OPERATIN	G
				2021	2020
Net movement in funds				461,978	122,666
Adjustments for:
Deduct: (Gains)/losses	on revaluation		oftixed assets	(9,348)	(18)
Deduct: Interest and rents from		investments		(18,949)	(20663)
Increase/(decrease) in	creditors			(418)	1,183
(Increase)/ decrease in	debtors				2,250
Net cash provided by operating		activities		433,263	105,418