2022-08-31-accounts

		Trus
Maria		Alsop
Peter Leigh		Alsop
Denys		Bament
Marianne		Barrett Ro ers
Michael		Barrett Ro ers
Sheila		Bendall
Malcolm		Benton
Anne		Berridge
Jenny		Bonner
Christian		Canning
Sharon		Canning
Vincent		Canning
Gill		Daniel
Rosemarie		Dungey
		Elliott
Kay		Fice
Jean		Francis
Monica		Gfeller- Harwood
Selwyn		Green
Gill		Hardy
Stephen	John	Harris
John		Harrison
Wendy		Hartley
Jane		Holmes
Kevin Peter		Hooke
Carol		Hughes
Sharon	Ann	Hurlow
Alan		Johnston

Duncan			Knight
Stephen		Paul	Major
Agnes			McFeat
Alexander		Wright	McFeat
Carol Ann			Morgan
Andrew	Russell		Parsons
Verity			Phillips
Nicola			Quaintance
Margaret		Dawn	Renshaw
Alison			Rowe
Rosemary			Quin
Jean			Sabine
Andrew	David		Sinden
Edward			Stephenson
Patricia			Stephenson
Michael			Strickland
Patsy			Tidball
Margaret			Vosper
Serena			Wa icot
John			Walton
Paul			Weir
Anne-Marie			Whiting
Frederick		William	Woodland

Statement of Fin	anc	ial Actlvltle	s (S	OFA) f	or the	year e	nded 31	August 202	2
						Circuit	Model
				General	Fund	Trust		Restricted	Total	Tots/
			Nots	(Unrestricted) f		(Unrestricted) f		Funds f	2021-22 f	2020-21 f
Income
Donations and legacies									1,840	4,630
income from monetary Investmsnts							1,499	73		1,838
Income from Investment	properties				9,880				9,8SO	13,83O
Assessments on Churches					231,072				231,O72	184,153
Profit on disposal of manse
Grants received
Other charitable income					4,840				4,840	4,881
Total Income					248,817		1,489	73	260,189	214,112
Expenditure
Grants and donatkns			8		18,860		46,000		832150	1,920
Ss)eries and associated	costs		9		f50,41N				159,4N	154,251
Property expenses			10		45,738				45,738	35,327
Connexional assessment	0 model trust levy				4,640		18,718		23,258
Dbfbkt Assessment /8 Levy					46,089				4&,069
TMCP Levy
Oflks 8xp eases			11		4,796				fur40	5,496
Other outgoings			12		5,180				5,180	9,311
Independent Examiner's	fee		18						800
Total charitable expenditure					284,189		84,782		348,981
Gains/(losses) on monetary		investments
Gains/(losses) on investment		properties			26,000				26,000	36,000
Net Income/(expenditure)					(10,582)		(83,283)	73	(73,772)	(43,4ff)
Transfsls between funds					126,000		(126,000)
Other gains/(losses)
Net movement In funds					114418		(168,283)	73	P3,772)	(43/f f)
Total funds brought forward					1,496,106		366,240	2?„121	1,804,468	1,927,877
Total funds carried forward					1,810,524		177,977	zbf94	1,810,694	14184,466

Fixed Assets Circuit Menses &E ui ment Investment properties Investments Total fixed assets	Fixed Assets Circuit Menses &E ui ment Investment properties Investments Total fixed assets	Notes 13 14	General Fund (Unrestricted) 1,008,296 300,000 1,308,296	Circuit Model Trusts (Unrestricted) E	Restricted Funds	Restricted Funds	Totals 2021/22 1,008,296 300,000 1,308,296	O Totals 2020/21 17008,296 275,000 '1,283,296
Current Assets
Debtors			12,109				12,109	1,1,658
Loans by the Circuit			16,077				16,077	16,07T
Investments with TMCP				177,978			177,975	365,240
Central Finance Board Deposits			300,571			22,194	322,765	236,966
Cash ai Bank and in hand			4,673				4,673	5,025
Total current	assets		333,430	177,978		22,194	533,602	635,996
Current liabilities
Creditors (due in under 1 year)			31,204				31,204	34,826
Grants payable within 2022l23
Total current liabilities			31,204				31,204	34,826
Net current assetslliabilities			302,226	177,978		22,194	502,398	601,1T0
Total assets less	current
liabilities			1,610,522	177,978		22,194	1,810,694	1,884,466
Long term liabilities
due after more than one	ear
Grants payable after 2022/23
Loans to the Circuit
Net	assets		1,610,522	177,978		22,194	1,810,694	1,884,466
Funds ofthe Circuit
General Fund Unrestricted)			1,610,522				1,610,522	'1,496,105
Circuit Model Trust Fund
(Unrestricted)				177,975			177,978	366,240
Designated Funds (Unrestricted
Total Unrestricted	Funds		1,610,522	177,978			1,788,500	1,882,345
Restricted Funds		15				22,194	22,194	22,121
Endowment Funds
Total	Funds		1,610,522	177,978		22,194	1,810,694	1,884,466
					Signed		John Harrison
					Circuit	Treasurer	~

o	tes to the	account	s for the year end	ed 31stAugust 20	22 con
4	Donations &	Legacies		2022	2021
	Donations Including gift aid			1,840	1,630
	Gift for repairs	to Church			3,000
				1,840	4,630
5	Income from	investment	properties	2022	2021
	46 Kingsdown	Crescent		9,250	9,060
	llsington Graveyard			630	570
	35 Valley Close				9,200
				9,880	9,630

6	Assessments	Assessments
	In response to the Covid 19pandemic		the Circuit	granted	two	assessment holklays				in the
	hope that this would allow churches	to	recover their financlal			positions.		In most cases this
	hss been a successful exercise. Where		churches	are still	struggling		the Circuit is working
	in partnership with the church stewards		to address shortfalls.
7	Other charitable Income							2022		2021
	Publications							300		331
	Connexional funds							4,540		4,330
								4,840		4,661
8	Grants &Donations							2022		2021
	LWPT									200
	Plymouth &Exeter District benevolent		fund					130		120
	Ivybridge Youth for Christ bus							600		600
	Buds & Holsworthy market chaplain							1,000		1,000
	ROC Dawlish project						12,000
	Ipplepen Church Rebewal for the "Hub"						45,000
	Buckfastleigh Chapel Lintels							1,020
	Shaldon Church Oriel window							4,000
	Benevolent							100
							63,850			1,920
9	Paid employees							2022		2021
	Staff costs incurred during the year	were:
	Gross salaries and benefits		in kind	Ministers			109,049		116,641
				Others			41,757			32,415
	Travelling Expenses							6,602		4,995
							159,408		154,251
	No employee was paid at a rate of	more than 660,000 per			annum.
								2022		2021
	Average number of full time equivalent		employees					5		6

No	tes to the accou	tes to the accou	nt	s	for	the year	ended 31st	August	2022 con
10	Property expenses							2022	2021
	Water rates							1,545	1,673
	Council tax							8,763	6,496
	Manses							28,623	12,874
	Insurance							3,508	3,369
	Building surveys							2,125	4,413
	Church repairs								3,000
	Let properties							1,172	3,502
								45,736	35,327
11	Office expenses							2022	2021
	Telephone							2,864	2,920
	Printing							584	564
	Publications							868	544
	Wages charges							480	480
	TMCP charges							1,044	966
								5,840	5,494
12	Other outgoings							2022	2021
	Supernumerary fees							1,825	1,800
	Training							330	214
	llsington graveyard							540	400
	Miscellaneous							1,869	4,941
	Corbyn fund								4,000
	Apprentice	levy						616	582
								5,180	11,937
13	Tangible Fixed Assets					Cost	31/08/2021	Add/Disp	31/08/2022
		Menses
		35Valley Close					130,000		130,000
		135Churchfields			Drive		325,000		325,000
		12Moorlands		Close			75,000		75,000
		4 Jacks Close					478,296		478,296
							1,008,296		1,008,296
		2021compsmtlve				Cost	31/08/2020	4dc//D/sp	31/08/2021
		Mosses
		35 i/elley C/ose					130,000		130,000
		135Chutch6elds		Do've			325,000		325,000
		12Momlsods	C/ose				75,000		75,000
		4Jocks Close					478,296		478,296
							1,008,296		1,008,296

Investment	Property	Fair Value	Revaluation	Fair Value	Revaluation	Fa/r Value
		31/ON2020		31/08/2021		31/08/2022
Investmsnts
Dawl(eh		240,000	35,000	275,000	25,000	300,000
		240,000	36,000	275,000	26,000

As st		As st	Income/		As at
31/08/2020	(Expended)	31/ON2021	(Expended)		31/08/2022
26,121	(4,000)	22,121		73	22,184