2023-08-31-accounts - South Essex Methodist Circuit

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Notes to		Circuit	Circuit	Model	Designated
				the	General Fund		Trust		Funds		Restricted		Endowment		Total	2022
				accounts	(Unrestricted)	(Unrestricted)			(unrestricted)		Funds		Funds			23
					E		E				E		E			E
Income
1 Donations and legacies																0
2 Income from monetary	investmenls				1,436			8,422								9,858
3 Income from investmenl		properties			13,508											13,508
4 Assessments on Churches					188,396											188,396
5 Capital Receipts																0
6 Grants received																0
7 Other charitable income
8Total income					203,340			8,422								211,762
Expenditure
9 Grants and donations																0
10Balance and associated		costs			124,325											124,325
11 Property maintenance					98,422											98,422
12 Connexional assessment		& model trust		levy												0
13Distnct Assessment 5 Levy					56.545											56,545
14 Oepremation																0
15Office expenses					6,668											6,668
16Other outgoings					22,780											22,780
17Total charitable expenditure					308,T40					0		0		0		308,740
18Gains/(losses) on monetary			investments				10,709									-10,709
19Gains/(losses) on investment			properties
20 Net incomef(expenditure)					-105,400			-2,287						0		-107,687
21 Transfers between funds					95,000-		95,000									0
22 Other gains/(losses)
23 Net movement In funds					-10,400		-97,287							0		-107,687
24 Total funds brought forward					2,672,453										2,672,463
25 Total funds carried forward					2,662,063	.	97,287								2,564,776

			Notes to			Circuit Model	Designated
			the	General	Fund	Trust	Funds		Restncted		Endowment		Total
			accounts	(Unrestricted)		(Unrestricted)	(unrestricted)		Funds		Funds		2021-22
				E		f	6		6		6		6
Income
I Donations and legacies													0
2 Income from monetary investments					9,546								9,546
3 Income from investment	properties				14,006								14,008
4 Assessments on Churches				161,872									161,872
5 Capital Receipts													0
6 Grants received					0								0
7 Other charitable income					0								0
8Total income				185,426				0		0		0	185,428
Expenditure
9 Grants and donations													0
10Satanas and associated	costs		6a	118,329									118,329
11 Property maintenance			8		79,244								79,244
12Connexional assessment	&	model trust levy			28,9SS								28,966
13Distdict Assessment it Levy					42,025								42,025
14 Depreciation													0
15Office expenses			11		4,549								4,549
16Other outgoings			12		25,740								25,740
17Total charitable expenditure				298,853		0		0		0		0	298,853
18Gains/(losses) on monetary		investments				(20,995)							(20,995)
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				(113,427)		(20,995)		0		0		0	(134,422)
21 Transfers between funds					80,000	(80,000)							0
22 Other gains/(losses)
23 Net movement in funds				(33,427)		(100,995)		0		0		0	134,422
24Total funds brought forward				2,396,369		410,515							2,806,884
25Total funds carried forward				2,362,942		309,520		0		0		0	2,672,462

				General	Fund	Circuit Model	Designated		Restricted		Endowment		Totals	2021i22
				(Unrestricted)		Trusls	Funds		Funds		Funds		2022/2023
			Notes to ths			(Unrestricted)	(Unrestncled)
			Accounts			2	2
Fixed Assets
Circuit Menses & Equipment			14	1,880,000									1,880,000	1.850.000
Investment properties				425,000									425.000	425,000
Investments						203,810							203,810	309,520
Total	fured	assets		2,305,000		203.810						0	2,508,810	2,614,520
Current Assets
Debtors			16		10.920								10,920	10.386
Loans by the Circuit
Investments wi!h TMCP			17		3,481								3,481	39,289
Central Finance Board Deposits			17		24,662								24,662	28.422
Cash at Bank and in hand			17		55,759								55.759	24,961
Total currenl		assets			94,822								94,822	103,058
Current liabilities
Creditors (due in under I year)					38,85T								38.857	45.116
Grants payabla within 2021.22
Tolal currsnf liabiiifies					38.857								38,857	45,116
Net current assetsiliabilities					55,968								55,966	57,942
Total assets less current liabilities				2,360,966		203,810		0		0		0	2.564,776	~2,672,462
Long term tiebilities
(due after mare than ane	year)
Grants payable after 2021-22
Loans to the Circuit
	Alet assets			2,360,968		203,810						0	2,564,776	2,672,462
Funds ofthe Circuit
General Fund (Unreslncted)				2.380.966									2.360,966	2.362,942
Circus Model Trust Fund (Unresiricted)						203.810							203,810	309,520
Designated Funds (Unresincted)													0
Total unreslricied		Funds											2,564,776	2,672,462
Restricted Funds										0			0
Endowment Funds
Total Funds				2,360,966		203,810		0		0		0	2,564,776	2,672,462

							2023/24
							BUDGET
Stipends							90,000
Pensions							23,435
National Insurance	Contributions						9,009
Telephones and I.T.							3,800
Travel							4,500
Postage							300
Manse Maintenance
Council Tax							11,000
Water Rates							1,500
Insurance							3,800
Advertising
Web site Design and		Maintenance					850
Quinquennial Inspections							2,500
Methodist Church	Fund		Including	District	Expenses		18,000
District Levy							43,000
Preachers Expenses							750
Stationery, Publicity,		Plans Etc.					750
Circuit Accounting	Fee						2,700
Interest on Loan
Circuit Office/Administration							6,200
Contingency & Miscellaneous							2,000
SUB TOTAL						E	224,094

		General	Total	2021
Debtors	and Prepayments
Stipends		10,383	10,383	9,472
St Paul's	MC	537	537	0
Rent in advance		0	0	914
		10,920	10,920	10,386

		General	Total	2022
Assessments		38,237	38,237	43,849
Connectional	Donations		0	667
Examiners Fees		620	620	600
		38,857	38,857	45,116

20.Ana	lysis of net a	ssets betw	een Funds
		General	CMTF Designated	Restricted	Total	2022
		Fund
Tangible	fixed assets	2,305.000			2,305,000	2,305,000
Investments			203,810		203,810	309,520
Current	Assets	94,822			94,822	103,058
Current	liabilities	(38,857)			(38.857)	(45,116)
		2,360,966	203,810		2,564,776	2,672,462

Circuit meeting	attendees
Ministers		Rev. Felicity Al-Hassan
		Rev. Moses Agyam
		Rev. Fiona Smith
Supernumerary	Ministers	Rev. K Allen
		Rev. C McDonald
Circuit Stewards		Mrs SStubbs
		Mrs LAmber
		Mrs H Ashworth
		MrJ Scott
		Mrs C Raven
Circuit Treasurer		Miss W Crayden
Circuit Meeting
Secretary/Adinistrator		Mrs H Harris
Local Preachers Secretary		Miss TSanger
NIHA Representative		Mrs H Harris
Manse Property Stewards		Circuit Stewards
Billericay Western	Rd/QP and
Herongate
Treasurer		Mrs L Harris
Representative		Mr K Cowell
Senior Stewards		Gill Rogers and Roger Davison
Grays
Treasurer		Mr0 Maxlino
Senior Steward		Mr SAmetefe
Horndon-on-the-Hill
Treasurer		Mr C Key
Representative		Mr G Hodgson
Langdon Hills