##
##
##
##
##
##
##
|||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|