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|Chair's PA and District|Chair's PA and District||Miss Sarah Pothecary|||||||
|---|---|---|---|---|---|---|---|---|---|
|Administrator||||||||||
|Bankers|||CAF Bank Ltd 25 Kings|Hill Avenue,||Kings Hill, West Mailing||||
||||ME194JQ|||||||
||||Central Finance Board|ofthe Methodist|||Church 9|Bonhill Street||
||||London EC2A4PE|||||||
|Investment|managers|and|Trustees for Methodist|Church Purposes, Central||||Buildings,||
|custodian trustees|||Oldham
Street, Manchester||M1 1JQ|||||
|Independent|Examiner||Mrs Claire Connell ACA, 86Silverdale||||Road, Earley, Reading|||
||||RG8 7LT|||||||
|The Trustees'|Report and Financial||Statements
were approved||by the District Policy|||Committee|on 6 March|
|2021.||||||||||
##
##
||||GenerslFund
(Unrestricted)|Districl Advance
Fund|Designated
Funds
(Unrestricted)|Restricted
Funds|Total
2019-28|Total
2018-19|
|---|---|---|---|---|---|---|---|---|
|||||8|||||
|Income and Endowments|||||||||
|Donations and legacies|||||38,876||38,876|38,253|
|income from investmenls|||1,902|3,566||2,643|8,111|10,079|
|Chariiable
activities|||||||||
|Assessmenis
on circuits|||130,000||||130,000|130,008|
|Circuit Model Trust Funds||||155,439|||155,439|180,145|
|Connaxicnal
Advance
& Pmperly Fund||||18,311|||18,311||
|Total income from chargaMs|activities||131,902|ITTStg|38,87$|2543|350,737|358,485|
|Giber income||3|11,880||2,833||14,713|15,874|
|Total Income and endowments|||143782|177316|41709|2,643|365,450|374,359|
|Expenditure|||||||||
|Expenditure
on activities|||||||||
|Grants and donafrons|||3,200|144.600|6.661||154,461|98,306|
|Salaries end associated costs|||127,192||41,591||168,783|166,767|
|Properly costs||7|6,646||15,799||22,445|21,464|
|Ceicel Adminislrsfive
expenses||8|4,063|771||294|5,128|6,210|
|Synods, Commifiees
and Conferences||9|10,646||12,624||23,270|32,111|
|Giber outgoings||10|1,246|||175|1,421|1,919|
|Total charitable
expenditure|||152993|145371|78675|469|375508|326 777|
|Net incomel(expendhure)
before investment|||||||||
|gains/ losses|||4)SII|31,945|-34,966|2,174|-10,058|47,582|
|Reducfions
in value ofinvestment
assets||11|1,092|||2,184|3,276|2,274|
|Net incomingl(outgoing
resources before transfers|||-10,303|31,945|-34,966|-10|-13,334|45,308|
|Transfers
between
funds||12|I7,350|-37,500|37,500|-17,350|||
|Net income/expenditure
for the year|||7,047|S,555|2,534|-17,360|-13,334|49,856|
|Gains on the revaluation
offixed assels||13|||170,000||170,000||
|Total funds brought forward|||94847|60815|591602|150317|897581|847 725|
|Total funds carried forward|||101,894|55260|764.136|132.957|\ 054247|$97581|
##
||||gslsnc|e ghee 1es al31|e ghee 1es al31|A|ugust 2020||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Gsrmrh Fuml|District Advance|||Designated|Other Funds|Tetal|Telsl|
|||note|(Unrestrtcmd)||Fund||Funds|Igesthctooi|2020|2019|
|||||(Unresthcted)||(Unresthctec)|||||
|Tangible Fixed Assets|||||||||||
|Dolrcl Msnce|||||||||700,069||
|IrlY8slrlleris||||||||121,603|182„472|irdnyer|
|Tolal fixed assets||||||||121.650|88'2,472|715,748|
|Cumml Assets|||||||||||
|08mors mrd Preimrrmrlls||14|||||7,490||7,490||
|lnvextmcA!s nial TMcp|||||370,4tO|||7.720||.IQS:188|
|Centra) Fmanca Board deposts|||28.206||||||90,105||
|Cash at Bank and Inhand|||15,018||||||18,810||
|Totsfcrrrlwlto8sefs|||||370,410||65502|11,397||M1,740|
|Cltlrmlt
yrebgitiss|||||||||||
|Credlllns
end AccAIsls (dve irl
under I year)||17|||||||4.619|4965|
|Grants payable
in 2020-21|||||210,650||||210,650|23I 600|
|Total cunent liabaities|||2,953||210,650||||215209|236,565|
|Net clrnent (liabilities) lossets|||41,072||105,760||64.136|11,307|2S2275|2?5,183|
|Total assets Mss cunsnt|flabtgthm||(01.094||165.700||704,136|132,957|OA64,747|990,931|
|Long term liabilities|||||||||||
|Grants payable fmm 2021.22|||||1(0.500||||110,5WI||
|Mef assets|||10(484||55,2($704,136|||132,957|1,054,247|897,581|
|Funds ofthe District|||||||||||
|Genwal Fund (unrestictee)||24|101,894||||||101,094||
|Distrkd Advance
Fuml
(Unrestricted }
Designated
Funds (unreslrnledj||24
24|||55,260||764.'36|||60515
591,002|
|Total UAlsstActed fuAds|||101,094||55,260||Tec,(30||921,290|747.264|
|I(osIAct8d FImds||||||||132,957|132,957||
|Brrdoulnsn'!
FUAds|||||||||||
|TotoIFunds|||||||704,138||||
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|Unrestricted
Funds||||||||
|---|---|---|---|---|---|---|---|
|Umsstrlcted
Fund Name||Opening|Income|Expenditure|Investment|Transfers|Closing|
|||Balance|||reductions||Balances|
||||||snd|||
||||||mvaluation|||
|General Fund||94,847|143,782|152,993|1,092|17,350|101,894|
|District Development|Fund|61,867|2,833|19,284||18,000|63,416|
|District Advance
Fund||60,815|177,316|145,371||-37,500||
|Portsmouth
Chaplaincy||-265|38,876|57,391||19,500|720|
|Property Reserve||530,000|||170,000||700,000|
||Totals|747,264|362,807|375,039|171,092|17,350|921,290|
|Restricted Funds||||||||
|Restricted Fund Name||Opening|Income|Expenditure|Investment|Transfers 8|Closing|
|||Balance|||reductions|accruala|Balance|
|Benevolent Fund||2,631|||||2,631|
|District (MIH) Fund||146,554|2,643||2,184|17,350|129,369|
|Churches
Together Hampshire||1,132||175|||957|
|and the Islands||||||||
||Totals|150,317|2,643|469|2,184|17,350|132,957|
##
|Nate 26:Slate ment ofFinanci|al ActivitN|s for the year e|nded 31August|2019for compa|rative
purpos|rative
purpos|es||
|---|---|---|---|---|---|---|---|---|
|||General Fund
(Unrestricted)|Obtrict
Advance Fund
IUnrsstrictsdi|Oesignated
Funds
(Unmstrlcted)|Restnctad
Furras||Total
2OIILIS|Total
2017-18|
||||5|F.|||||
|Ineame and Endowments|||||||||
|Donations and legacies||||38,253|||38,253|36,962|
|Income fram investments||2,422|3,686|||3,971|10,079|8,576|
|Charitable
activities|||||||0|0|
|Assessmenls
on circuils||I30,008|||||130,008|119,988|
|Circuit Model Trust Funds|||180,145||||180,145|143,623|
|Connexional
Advance 8 Property Fund|||||||0|74,71I|
|Total incame fram charitable|acUvhles|I32A30|183/I31|38,253||3,971|358r485|383,860|
|Other income||10464||5,410|||15,874|12,870|
|Tolal income and endowments||142 94|13,
I|43,||3,971|374,359|390,730|
|Expenditum|||||||||
|Expenditum
on activities|||||||||
|Grants and donations||3,320|86,590|8,396|||98,306|190,152|
|Salaries and associated costs||125,277||41,490|||166,767|160,245|
|Property msb||4,629||16,835|||21,464|29,412|
|Ofiice/Administrsfive
expenses||5,113|TBT|||330|6,210|4,813|
|Synods, Committees
and Conferences||12,552||19,559|||32,111|30,884|
|Other outgoings||1,568||||350|1,919|2,813|
|Total charitable expenditure||152 60|87 57|86280||680|326777|418319|
|Net ineame/(expenditure)
before|||||||||
|imesbnent
gains/ losses||4466|96,474|42,817||3,291|47,582|-21,589|
|Ga/ns on investment assets||T56||||1,516|2,274|7,478|
|Net incoming/(outgoing
resources
before transfers||4,805|96,474|-42,617||4,807|45,308|-14,111|
|Tranels ra between
funds||23,640|-37,500|37,500|-23,640||||
|Net income/expenditure
for the year||14,832|BBS74|4,117|-18/133||49,856|-14,111|
|Gains/(Losses)
on revaluation|offixed||||||||
|asssis|||||||||
|Total funds broughtforward
Tatal funds carried forward||80,015
942)47|1,841
60815|596,719
591602|169,150
5
7||847,725
8 7581|861,836
8477 5|