| Page No. | ||
|---|---|---|
| Trust Information | 1-2 | |
| Trustees' Report |
3-5 | |
| Declarations | ||
| Independent Examiner's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 10-14 |
| Berkshire Surrey Borders Methodist Circuit |
Circuit No | 36/02 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Statement of Financial AcUvltles (SOFA) | forthe year ended 31August 2022 Notes to Circuit Model |
Designated | |||||||
| the | General Fund |
Trust | Funds | Restricted | Endowment | Total | |||
| accounts | (Unrestricted) E |
(Unrestricted) I |
(unrestricted) I |
Funds E |
Funds I |
2021-22 E |
|||
| Income | |||||||||
| I Donations and legades 2 Income from monetary Investments 3 Income from Investment properties 4 Assessments on Churches 5 Capital Receipts 6 Grants received 7 Other chantable Income 8ToteI Income |
169 21,600 192,876 92 214737 |
702 702 |
0 871 21,600 192,876 0 0 92 215,439 |
||||||
| Expenditure 9 Grants and donations 10Salaries and assadated costs 11Property maintenance 12Cannexlonal assessment It model trust levy 13District Assessment Ik Levy 14Depreciation 15 Oflice expenses 16Other outgoings 17Total charitable expenditure 18Gains/(losses) on monetary Investments 19Gains/(losses) on Invesbnent properties 20 Net Income/(expenditure) 21Transfers between funds 22 Other gains/(losses) 23 Net movement In funds 24 Total funds brought forward 25Total funds carried forward |
160,174 4,040 37,736 10,205 40,941 253096 175,974 137,615 14,0'lg 151655 2,222,137 2 73792 |
5,957 482 6439 (5,737) (25,000) 30737 169,146 138409 |
0 10,960 10960 20,667 31,627 |
0 0 |
0 0 0 0 |
0 160,174 4,040 37,736 16,162 0 0 4tpt23 259535 0 175,974 131878 0 0 131878 2,411,950 2,543 828 |
|||
| Statement of Financial Activities (SOFA) |
forthe year ended 31August 2021 Notes to Circuit Model the Gerieral Fund Tilrst |
Designated Funds |
Restricted | Endowment | Total 2020. |
||||
| accounts | (Unrestricted) E |
(Unreshicted) E |
(unrestricted) E |
Funds E |
Funds I |
21 I |
|||
| Income | |||||||||
| I Donations and legades 2 Income fram monetary Investments 3 Incame from investment properties 4 ~eats on Churches 5 Capllal Receipts 6 Grants received |
48 5830 137032 133 |
0 548 5830 137032 0 133 |
|||||||
| 7 Other charitable income 8Total Income |
143043 | 500 | 0 | 143543 | |||||
| Expenditure 9 Grants and donations 10Salaries and assodated costs 11Property maintenance 12Connexional assessment 8model trust levy 13District Assessment Er Levy 14Depredabon 15 Oflice expenses 16Other outgoings 17Total charitable expenditure 18Gains/(losses) on monelary invesbnents 19Gains/(losses) on investment properties 20 Net income/(expenditure) 21Transfers between funds 22 Other gains/(losses) 23 Net movement In funds 24 Total funds brought forward 25Total funds carried forward |
17500 155911 6133 37980 7894 37888 263306 189763 69500 43938 7978 121416 2100721 2222137 |
8653 446 9099 -8599 M5306 -53905 223051 169146 0 1367 1367 19300 20667 |
0 0 |
0 0 |
17500 155911 6133 37980 16547 0 0 38334 272405 0 189763 60901 -I 7978 68878 2343072 2411950 |
| Berkshhe Surrey Bordms Methmgst | Qrcult | Circuit Mo | ||||||||||
| Mota5 to t Accounts |
Balance Sheet asat31Augmt General Fund Qrcult Modal &Unrasbtcted) Trusts (Un estrbtedt 1 E |
2022 Designated Fuud5 IUnresbictedl I |
Re5tllctod Funds E |
Budowurerlt Funds 1 |
Tobsls 2021/22 I |
D Totem 2010/21 E |
||||||
| Fixed Assets Qrcult Menses 8 E ul ent lnvesunent lnveshnblls Total Need assets |
14 14 |
1674 219 629949 304,168 |
0 | 0 | 0 | 0 | 1674219 6299I9 0 304168 |
I 545 910 582 284 0 128194 |
||||
| Current Assets | ||||||||||||
| Debtors Iobw the Qmuh Investments with TMCP Cenhal Mna Cash at Bank and in hand Tofu/ brrrmrf oswlfs |
12 | 27 628 62 793 55 253 147 174 |
138409 136409 |
31627 31027 |
27 628 6279 317210 |
45 169I 92 5 7,882 35 724 |
||||||
| Current Babgltles Itors due in I |
12 | 550 | 72 550 | 58958 | ||||||||
| Gmnb le within 20 2-23 Toe&I currerrt Iis Diodes Net curserstuswrls IluNIIUus |
12 | 77 550 69824 |
138 9 |
31627 | 0 | 77550 239660 |
63958 286 756 |
|||||
| ronfmsefshmsc woof geodlbrb |
2,373791 | 138 9 |
31627 | 0 | 0 | 2 5433I28 | ~26,950 | |||||
| long term es |
||||||||||||
| duuabarmorethanone ear |
||||||||||||
| nb ahb 2072-23 |
||||||||||||
| to the Qrcu | ||||||||||||
| Iyerusmds Porn/Un |
1373,792 | 136,409 | 31,627 | 2 543828 | 411950 | |||||||
| Funds oftha Circuit General Fund Unrestricted Q Model TIU5t D Imbd Furlds Unrashksed usoycfud |
Funds | 17 17 17 |
2 373792 | l36 409 | 31627 | 316 2 543 82 |
137 169146 411950 |
|||||
| Restrkted Funds |
||||||||||||
| Endowment Funds Potu/ |
Fbmb | 2,373791 | 138409 | 31,627 | 2,543,828 | 2411950 |
| ~ments were waived for a qu 4Gains on investments |
arte | r if it t |
ook | a church below |
4 | month | s ofrese | rves. The d | eficit | was met from | reserves. |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021/22 | 2020/21 | ||||||||||
| I | I | ||||||||||
| Property revaluation (Unrealised) Investment property revaluation |
(Unrealised) | 128,309 47 665 17597'} |
138,363 51400 189763 |
||||||||
| 5 Payment to Trustees | |||||||||||
| Five trustees received remuneration |
in relation to their employment | with | the Charity as ministers | or lay employees. | |||||||
| There were no other payments made |
to trustees | for additional | services | provided | to the Circuit. | ||||||
| Trustee expenses reimbursed |
2021/22 | 2020/21 | |||||||||
| Number ofTrustees reimbursed |
3 | 8 | |||||||||
| Total amount reimbursed |
65470 | 64 849 | |||||||||
| Expense payments primarily relate |
to | reimbursement for travel |
costs for | attending | meetings, | plus | reimbursement | ofcosts | |||
| paid directly by Circuit Officers. |
|||||||||||
| 6Fees for examination ofthe |
accounts | ||||||||||
| 2021/22 | 2020/21 | ||||||||||
| I | I | ||||||||||
| Independent examiner's fees for reporting on Other fees (e.g. advice, accountancy services) |
the accounts paid to the independent |
examiner | 1,200 1302 2 502 |
1,200 800 2 000 |
|||||||
| 7 Paid employees | |||||||||||
| Staff costs paid during the year | were: | 2021/22 I |
2020/21 I |
||||||||
| Gross wages, salaries and benefits in kind Employer's National Insurance costs Pension costs |
125,069 11,700 23,405 |
115,732 10,815 29,364 |
|||||||||
| Total staff costs | 160174 | 155911 | |||||||||
| Average monthly employees in the |
year were: | 9 | 8 | ||||||||
| No employees receive employee benefits of |
more than 660,000. |
| Other o | utgoings | |||
|---|---|---|---|---|
| 2021/22 | 2020/21 | |||
| 6 | 6 | |||
| Travel | 4,830 | 3,430 | ||
| Telephone | and internet | 1,365 | 1,495 | |
| Training | 88 | |||
| Lltilities | 2,110 | 2,347 | ||
| Council tax | 11,254 | 6,910 | ||
| Insurance | 1,638 | 4,892 | ||
| Woosehill | manse | 12,000 | 8,120 | |
| Property management Other expenses MTF administration |
fees | 2,650 5,006 482 |
10,694 446 |
|
| Total | 41423 | 38 334 |
| 2021/22 | 2020/21 | |||
|---|---|---|---|---|
| 6 | 6 | |||
| Debtors | 14/108 | 500 | ||
| Prepayments Stipends paid |
in advance | 3,904 9,616 |
9,166 | |
| Total | 27 628 | 9 666 | ||
| Concessionary | loan | 1,500 | 4,500 | |
| Grand total | 29 128 | 14 166 | ||
| Amounts due Concessionary Debtors |
in more than 1year loan |
300 | 1,500 | |
| 12Current | liabilities | 2021/22 | 2020/21 | |
| 6 | 6 | |||
| Creditors Accruals |
5,119 18,214 |
9,670 1580 |
||
| Rent received Assessments |
in advance received in advance |
1,800 47,417 |
47,708 | |
| Grant | 5100 | 5110 | ||
| Total | 77,550 | 63,958 | ||
| Amounts due |
in more | than 1year | ||
| Grant | 5,000 |
| 4Tangible Fixe | d Assets | ||||
|---|---|---|---|---|---|
| Investment | |||||
| Properties 6 |
Land 6 |
Manses F. |
Total 6 |
||
| Cost and valuation Balance brought forward |
582,284 | 873,938 | 671,972 | I 545,910 | |
| Additions | |||||
| Revaluations (+/-) |
47,665 | 58,571 | 69,738 | 128,309 | |
| Disposals (-) | |||||
| Transfers (+/-) Balance carried forward |
629949 | 932509 | 741710 | I 674 219 | |
| Accumulated | |||||
| depreciation | |||||
| Balance brought | forward | ||||
| Depreciation charge for |
|||||
| year (-) | |||||
| Revaluations (+/-) |
|||||
| Disposals (-) | |||||
| Transfers* (+/-) | |||||
| Balance carried forward | |||||
| Net book value Brought forward Canied forward |
662 264 629 949 |
873938 932 509 |
671972 741710 |
1545 910 1674 219 |
| ost or valuation at 31"August 2022 is represented |
by: | |||
|---|---|---|---|---|
| Investment Properties I |
LandI | Manses 6 |
Total 6 |
|
| Cost Valuation in 2013 Valuation in 2014 Valuation in 2015 Valuation in 2016 Valuation in 2017 Valuation in 2018 |
553,474 273,433 58,140 48,675 43,565 38,256 7,978 |
448,652 221,647 47,128 39,457 35,315 30,851 7,462 |
1,002,126 495,080 105,268 88,132 78,880 69,107 15,440 |
|
| Control acquired over asset (at valuation) Valuation in 2019 Valuation in 2020 Property reclassification Valuation in 2021 |
88,000 24,000 522,884 51,400 |
(5,938) 45,418 (252,223) 63,160 |
(5,554) 42,472 (270,661) 75,203 |
(11,492) 87,890 (522,884) 138,363 |
| Disposal | (104,000) | |||
| Valuation in 2022 As at 31"August 2022 |
42 666 629 949 |
58 571 932509 |
69 738 741710 |
128 309 1674 219 |