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2020-08-31-accounts

RevSally Thornton
CircuitLayworkers ThomasKing(paid)
RichardSelby(paid,part-time)
Circuit Ste~ards SueGrant
RogerGreen
KenJones
JuneLeeming
BrianSharples
Administrator EmmaTwiss

Notes to Designated Designated
the Circuit Model Funds
account General Fund Trust (unrestricted Restricted Endowment Total
s (Unrestricted) (Unrestricted) ) Funds Funds 2019-20
£ £ £ £ £ £
Income
Donations and legacies 0
2 Income from monetary Investments 500 500
3 Income from Investment properties 31,395 2,404 29 33,828
4 Assessments on Churches 2 372,272 372,272
5 Capital Receipts 3 0
6 Grants received 658 858
7 Other charitable Income 9,290 185 9,475
8Total income 414,115 2,404 214 416,733
Expenditure
9 Grants and donations 4 8,150 8,150
10 Salaries and associated costs 5 245,666 245,666
11Property maintenance 6 51,206 51,206
12 Connexional assessment & model trust levy 13,105 13,105
13 District Assessment & Levy 7 73,752 73,752
14Depreciation 206 206
15 Office expenses 8 8,903 8,903
16 Other outgoings 9 11,411 583 29 12,023
399,088
13,688
0 235 413,011
18 Gains/(losses) on monetary investments 0
19Gains/(losses) on investment properties
15,027
-11,284
0 -21 3,722
21Transfers between funds 0
22othergalns/(losses)
15,027
-11,284
0 0 -21 3,722
24 Total funds brought forward 100,300 291,408 162 2,289 394,159
25 Total funds carried forward 115,327 280,124 162 2,268 397,881

NotNto De•ignated De•ignated
the
account
s
General Fund
(Unrestricted)
£
Circuit Model
Trust
(Unrestricted)
£
Fund•
(unrestricted
)
£
Restricted
Funds
£
Endowment
Funds
£
Total
2018-19
£
Income 0
1Donationsandlegacies
2IncomefrommonetaryInvestments
3IncomefromInvestmentproperties
4AssessmentsonChurches
5CapitalReceipts
2
3
332
30,614
350,094
2,411
34,924
61 2,804
30,814
350,094
34,924
0
6Grantsreceived
7OthercharitableIncome
8 Total lneome
3 37,182
418,222
31,335 81 459,818
Expenditure
9Grantsanddonations
1OSalariesandassociatedcosts
11Propertymaintenance
12Connexlonalassessment&model!rt
13DistrictAssessment&Levy
14Depreciation
15Officeexpenses
16Otheroutgoings
4
5
6

3
7
8
9
' 8,1~
252,925
53,596
71,436
9,777
4,656
440.540
21,745
21,745
0 Q 4
4
8,150
252,925
93,998
21,749
71,438
0
9,777
4,856
'22,21l9
18Galnsl(lossas)onmonetaryinvestments 0
19G11in$/_{Jom~l9ninV~$\me.n!1m;,p-:irne;1 17,682 15,590 0 0 57 33,329
21Transfersbetweenfunds 10 43 43 0
22Othergains/(lossas) 17,725 15,590 0 0 14 33,329
24Totalfundsbrought forward
25Totalfundscarried forward
17,725 15,590 14 0
33,329
NameofCircuit
Fixed Assets
Circuit Manses & Equipment
Investment properties
Investments
_Total fixed_assets
Current Assets
Debtors
Loans bytheCircuit
InvestmentswithTMCP
Central Finance Board Deposits
CashatBankandin hand
Total current assets
Current liabilities
Creditors(dueinunder1 year)
Grantspayable within 2018-19
NameofCircuit
Fixed Assets
Circuit Manses & Equipment
Investment properties
Investments
_Total fixed_assets
Current Assets
Debtors
Loans bytheCircuit
InvestmentswithTMCP
Central Finance Board Deposits
CashatBankandin hand
Total current assets
Current liabilities
Creditors(dueinunder1 year)
Grantspayable within 2018-19
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11


12
Total current liabilities 4,053 0
0
Net
_Total_asse
current assets/liabilities
tsless current liabilities
111,274
2,592,058
2,592,058
280,124
0
280,124
0
280,124
0
Longtermliabilities
(dueaftermorethanoneyear)
Grantspayable after 2018-19
Loans to the Circuit
Net assets
Fundsofthe Circuit
General Fund (Unrestricted)
Circuit ModelTrustFund (Unrestricted)
Designated Funds (Unrestricted)
Total Unrestricted Funds
Restricted Funds
'-
2,592,0581
I
280,1241
I
ol
-
~~I~~
~~-~~
162/

~~-~~
I Endowment Funds
TotalFunds~
2,592,058

ust.BranksomeAvenuethusremainsanInvestmentproperty for thisyear.While
ndaleavenuewasintendedtobeanInvestmentpropertyfortheyearCovid-19has
uptedtherenovationssoitwillnotappearasanInvestmentpropertyuntilnextyear
oughthereweresignificantcostsincurredthisyear.InAugustthetenantatKing's
nuedecidedtomove
ust.BranksomeAvenuethusremainsanInvestmentproperty for thisyear.While
ndaleavenuewasintendedtobeanInvestmentpropertyfortheyearCovid-19has
uptedtherenovationssoitwillnotappearasanInvestmentpropertyuntilnextyear
oughthereweresignificantcostsincurredthisyear.InAugustthetenantatKing's
nuedecidedtomove
GeneralFunds
~~140MiddletonAvenue~~ £6927
~~, ~~
~~2KiA ~~
£8865
~~nasvenue~~
~~16BranksomeAvenue~~
£8246

90,RioonHallAvenue
£7357

26AvondaleAvenue
£0
TOTAL £31395

funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
GeneralFunds
£2050
£4100
£2000
£8150

Stipendswerepaidto5fulltimeministersand1at0.5
funds.Costswereasfollows:
Stipendswerepaidto5fulltimeministersand1at0.5
funds.Costswereasfollows:
Stipendswerepaidto5fulltimeministersand1at0.5
funds.Costswereasfollows:
. Allwerefundedfromthegeneral
Grossremuneration
Pensioncontribution
N.I
Travel
Computers
£139485
£36851
£12188
£8622
£990
Total £198,136

paidfromgeneralfunds. paidfromgeneralfunds. paidfromgeneralfunds.
Gross remuneration £40765
Pension Contributions £2446
N.I. £2425
Travel £568
Total £46,204
ITotalcost forremuneration
I£244,340

~~GasService~~ ~~GasService~~ ~~GasService~~ ~~GasService~~ £2756
£3440
£10326
£ 1158
£ 16838
£848
£838
£585
£784

~~Water suooly~~

~~Council Tax~~

~~HeatinaPumpandminor works atRioonHall~~

~~Refurbishment at Avondale~~

~~Reoairs at MiddletonRoad~~

~~Reoairsandupdate at Branksome Avenue~~

Boilerandminor works atBoothWay

Works at the Drive

Transfer to Oldham_(for_minister living
withhiswife) £ 3000

Other minor works
£4378
Total £44951

Avenue Avenue
~~Insurance (Methodist Insurance)~~ £4839

InsuranceonBranksome Ave*

£992

Total £5831

resolved eventuallybyMillsandReeve the solicitors recommendedby TMCP
~~Insurance~~ £ 2518

Services
MillsandReeve

£ 1098
£5340
Total £8956

General ~~CMTF~~
District Assessment £73752
Levv on CMTF funds £13106
Totals £73752 £13106

Telephones £ 5731

Officesuoolies (paper,
inks,oostaae etc)
£2272
Rent for Office £900
Total £8903

General CMTF ~~Restricted~~ ~~Endowment~~
Costofm
Trainina
ove s £2753
£892
Supernumerary Costs £275
Interview costs £242
Welcome Service £341
Up-lighters and liahtina £400
Accountant £300
Repayment to Christ Church £ 216
Costs for using TMCP £583 £0 £24
Total £ 5419 £583 £0 £24

Property Property Property Tvoe Value
16, Branksome Avenue Manse+
Investment
£258216
7,Reedbank Manse £225700
1,BoothWav Manse £232134
409,BoltonRoad Manse £240525
26,Avondale Drive Investment £232134
90,RiponDrive Investment £178877

2, Kings Avenue
Investment £345758

140,MiddletonRoad
Investment £232134
38,The Drive Manse £282463
Total £2,227,941
Investment properties
Close
Total
Estimate
£120,000
£120,000

Fund Value at
31/08/18
Interest Admin
costs
Unrealised
Gains
Value at
31/08/19

Useof
interest
John and Hilda
Ashworth Bequest
£1229 £24 £2 -£22 £1207 General
funds
Norman Walker Legacy £1061 £9 £2 0 £1061 General
Funds
Total £2290 £33 £4 -£22 £2268

Notes to Designated Designated
the Circuit Model Funds
account General Fund Trust (unrestricted Restricted Endowment Total
s (Unrestricted) (Unrestricted) ) Funds Funds 2019-20
£ £ £ £ £ £
Income
Donations and legacies 0
2 Income from monetary Investments 500 500
3 Income from Investment properties 31,395 2,404 29 33,828
4 Assessments on Churches 2 372,272 372,272
5 Capital Receipts 3 0
6 Grants received 658 858
7 Other charitable Income 9,290 185 9,475
8Total income 414,115 2,404 214 416,733
Expenditure
9 Grants and donations 4 8,150 8,150
10 Salaries and associated costs 5 245,666 245,666
11Property maintenance 6 51,206 51,206
12 Connexional assessment & model trust levy 13,105 13,105
13 District Assessment & Levy 7 73,752 73,752
14Depreciation 206 206
15 Office expenses 8 8,903 8,903
16 Other outgoings 9 11,411 583 29 12,023
399,088
13,688
0 235 413,011
18 Gains/(losses) on monetary investments 0
19Gains/(losses) on investment properties
15,027
-11,284
0 -21 3,722
21Transfers between funds 0
22othergalns/(losses)
15,027
-11,284
0 0 -21 3,722
24 Total funds brought forward 100,300 291,408 162 2,289 394,159
25 Total funds carried forward 115,327 280,124 162 2,268 397,881

NotNto De•ignated De•ignated
the
account
s
General Fund
(Unrestricted)
£
Circuit Model
Trust
(Unrestricted)
£
Fund•
(unrestricted
)
£
Restricted
Funds
£
Endowment
Funds
£
Total
2018-19
£
Income 0
1Donationsandlegacies
2IncomefrommonetaryInvestments
3IncomefromInvestmentproperties
4AssessmentsonChurches
5CapitalReceipts
2
3
332
30,614
350,094
2,411
34,924
61 2,804
30,814
350,094
34,924
0
6Grantsreceived
7OthercharitableIncome
8 Total lneome
3 37,182
418,222
31,335 81 459,818
Expenditure
9Grantsanddonations
1OSalariesandassociatedcosts
11Propertymaintenance
12Connexlonalassessment&model!rt
13DistrictAssessment&Levy
14Depreciation
15Officeexpenses
16Otheroutgoings
4
5
6

3
7
8
9
' 8,1~
252,925
53,596
71,436
9,777
4,656
440.540
21,745
21,745
0 Q 4
4
8,150
252,925
93,998
21,749
71,438
0
9,777
4,856
'22,21l9
18Galnsl(lossas)onmonetaryinvestments 0
19G11in$/_{Jom~l9ninV~$\me.n!1m;,p-:irne;1 17,682 15,590 0 0 57 33,329
21Transfersbetweenfunds 10 43 43 0
22Othergains/(lossas) 17,725 15,590 0 0 14 33,329
24Totalfundsbrought forward
25Totalfundscarried forward
17,725 15,590 14 0
33,329
NameofCircuit
Fixed Assets
Circuit Manses & Equipment
Investment properties
Investments
_Total fixed_assets
Current Assets
Debtors
Loans bytheCircuit
InvestmentswithTMCP
Central Finance Board Deposits
CashatBankandin hand
Total current assets
Current liabilities
Creditors(dueinunder1 year)
Grantspayable within 2018-19
NameofCircuit
Fixed Assets
Circuit Manses & Equipment
Investment properties
Investments
_Total fixed_assets
Current Assets
Debtors
Loans bytheCircuit
InvestmentswithTMCP
Central Finance Board Deposits
CashatBankandin hand
Total current assets
Current liabilities
Creditors(dueinunder1 year)
Grantspayable within 2018-19
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11
Notes to the
Accounts
11
11


12
Total current liabilities 4,053 0
0
Net
_Total_asse
current assets/liabilities
tsless current liabilities
111,274
2,592,058
2,592,058
280,124
0
280,124
0
280,124
0
Longtermliabilities
(dueaftermorethanoneyear)
Grantspayable after 2018-19
Loans to the Circuit
Net assets
Fundsofthe Circuit
General Fund (Unrestricted)
Circuit ModelTrustFund (Unrestricted)
Designated Funds (Unrestricted)
Total Unrestricted Funds
Restricted Funds
'-
2,592,0581
I
280,1241
I
ol
-
~~I~~
~~-~~
162/

~~-~~
I Endowment Funds
TotalFunds~
2,592,058

ust.BranksomeAvenuethusremainsanInvestmentproperty for thisyear.While
ndaleavenuewasintendedtobeanInvestmentpropertyfortheyearCovid-19has
uptedtherenovationssoitwillnotappearasanInvestmentpropertyuntilnextyear
oughthereweresignificantcostsincurredthisyear.InAugustthetenantatKing's
nuedecidedtomove
ust.BranksomeAvenuethusremainsanInvestmentproperty for thisyear.While
ndaleavenuewasintendedtobeanInvestmentpropertyfortheyearCovid-19has
uptedtherenovationssoitwillnotappearasanInvestmentpropertyuntilnextyear
oughthereweresignificantcostsincurredthisyear.InAugustthetenantatKing's
nuedecidedtomove
GeneralFunds
~~140MiddletonAvenue~~ £6927
~~, ~~
~~2KiA ~~
£8865
~~nasvenue~~
~~16BranksomeAvenue~~
£8246

90,RioonHallAvenue
£7357

26AvondaleAvenue
£0
TOTAL £31395

funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
funds.
GeneralFunds
MethodistFundfor trainino
£2050
MethodistfundforProperty
£4100
Methodistfundforsupport
£2000
ofPresbvtersanddeacons
Total
£8150
GeneralFunds
£2050
£4100
£2000
£8150

Stipendswerepaidto5fulltimeministersand1at0.5
funds.Costswereasfollows:
Stipendswerepaidto5fulltimeministersand1at0.5
funds.Costswereasfollows:
Stipendswerepaidto5fulltimeministersand1at0.5
funds.Costswereasfollows:
. Allwerefundedfromthegeneral
Grossremuneration
Pensioncontribution
N.I
Travel
Computers
£139485
£36851
£12188
£8622
£990
Total £198,136

paidfromgeneralfunds. paidfromgeneralfunds. paidfromgeneralfunds.
Gross remuneration £40765
Pension Contributions £2446
N.I. £2425
Travel £568
Total £46,204
ITotalcost forremuneration
I£244,340

~~GasService~~ ~~GasService~~ ~~GasService~~ ~~GasService~~ £2756
£3440
£10326
£ 1158
£ 16838
£848
£838
£585
£784

~~Water suooly~~

~~Council Tax~~

~~HeatinaPumpandminor works atRioonHall~~

~~Refurbishment at Avondale~~

~~Reoairs at MiddletonRoad~~

~~Reoairsandupdate at Branksome Avenue~~

Boilerandminor works atBoothWay

Works at the Drive

Transfer to Oldham_(for_minister living
withhiswife) £ 3000

Other minor works
£4378
Total £44951

Avenue Avenue
~~Insurance (Methodist Insurance)~~ £4839

InsuranceonBranksome Ave*

£992

Total £5831

resolved eventuallybyMillsandReeve the solicitors recommendedby TMCP
~~Insurance~~ £ 2518

Services
MillsandReeve

£ 1098
£5340
Total £8956

General ~~CMTF~~
District Assessment £73752
Levv on CMTF funds £13106
Totals £73752 £13106

Telephones £ 5731

Officesuoolies (paper,
inks,oostaae etc)
£2272
Rent for Office £900
Total £8903

General CMTF ~~Restricted~~ ~~Endowment~~
Costofm
Trainina
ove s £2753
£892
Supernumerary Costs £275
Interview costs £242
Welcome Service £341
Up-lighters and liahtina £400
Accountant £300
Repayment to Christ Church £ 216
Costs for using TMCP £583 £0 £24
Total £ 5419 £583 £0 £24

Property Property Property Tvoe Value
16, Branksome Avenue Manse+
Investment
£258216
7,Reedbank Manse £225700
1,BoothWav Manse £232134
409,BoltonRoad Manse £240525
26,Avondale Drive Investment £232134
90,RiponDrive Investment £178877

2, Kings Avenue
Investment £345758

140,MiddletonRoad
Investment £232134
38,The Drive Manse £282463
Total £2,227,941
Investment properties
Close
Total
Estimate
£120,000
£120,000

Fund Value at
31/08/18
Interest Admin
costs
Unrealised
Gains
Value at
31/08/19

Useof
interest
John and Hilda
Ashworth Bequest
£1229 £24 £2 -£22 £1207 General
funds
Norman Walker Legacy £1061 £9 £2 0 £1061 General
Funds
Total £2290 £33 £4 -£22 £2268