2020-08-31-accounts - London Mission (North-West) Methodist Circuit

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			Notes to		Circuk Model	Designated
			the		Trust	Funda
			account	General Fund	(Unrestricted	(unrestricted	Restricted	Endowment	Total
			s	(Unrestrlctsxt)	)	)	Funds	Funds	2019-20
Income
1 Donations snd legacies
2 Income from monetary investments				381	793				1,174
3 Income from investment	properties			107,347					107,347
4 Assessments on Churches				64,052					64,052
5 Capital Receipts
6 Grants received
7 Other charitable income
8Total income				171781	793				172~4
Expenditure
9 Grants and donations				60,000					80,000
10Salaries and associated	costs			92,415					92+15
11Property maintenance				28,212					28812
12Connexional assessment	&model trust levy				311				311
13District Assessment & Levy				28,184					28,184
14Depreciation
15Ofgce expenses				326					328
16Other outgoings				2,304					2,304
17Total charitable expenditure				211,441	311				Z11,752
18Gains/(losses) on monetary		investments		-2,641					-2,641
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				42,301					41,819
21 Transfers between funds
22 Other gains/(losses)
23 Net movement in funds				42,301					41,819
24Total funds brought forward
25Total funds carried t'orward				42,301					41,819

			Nates to
			the		Circuit Model	Designated
			account	General Fund	Trust	Funds	Restrtcted	Endowment	Tatal
			s	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds	2018-19
Income
1 Donations and legacies
2 Income from monetary investments				416	302				718
3 Income from investment	properties			114,784					114,784
4 Assessments on Churches				64,051					84,051
5 Capital Receipts
6 Grants received
7 Other charitable income				5,539					5,539
8Total income				184,790	302				1$5,092
Expenditure
9 Grants and donations
10Salaries and associated	costs			90,125					90,125
11Property maintenance				24,399					24,399
12Connexional assessment	&model trust levy				302				302
13District Assessment & Levy				29,120					29,120
14Depreciation
15ONce expenses				289					289
16Other outgoings				1,576					1,578
17Tatal charitable expenditure				145,509					145,811
18Gains/(losses) on monetary		investments		585
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				39,8$8					39,8$$
21 Transfers betwrnrn funds
22 Other gains/(losses)
23 Net movement in funds				39,888					39,886
24Total funds brought forward
25Total funds carried forward				39,888					39,$$$

										GN
		General	Fund	Circuit Model	Designaled		Emloea nant	Totah	Totah
		(Un cab'cted)		Trusts	Funds	Funds	Funds	2010l20	20t0na
	Nohs toare			iun estrhtarn	funrestrtcted)
		6		8	8	8
Fixed Assets
Circuit Menses 8 Equipment		3,870,345							3,870,345
		$,870,$46						$,870,$45	$,870,$45
Cunent Assets
Debtors			B1,360					81,360	13,064	S
			11,085					11,985	11,985
investmenls etth TMCP				37.247				37,430
Central Finance Board Deposits								101,865	50,541	T
Cash at Bank end in hand			31,241			8,109			178,871
		106,8$7		$7,247		108,100
Current aabNNes
Credhors (due in under 1 year)									2,510	U
Grants payable whhin 2018.19
Total ounwrt fiabgNes									2,510
Net cunent assetsnhbllNes		100,277		$7,247		106,199		249,72$	201,542
Total assets hea cunent llabllNes		$,916,022		31,247		106,199			4,101,887
Longtenn lhblMes
{daealtar mora than one year)
Grants payable alter 2010-10			19,000					10,000	19,000	V
		$,957,$22		$7~7		108,199		4,101,08$	4,142+87	W
Funds ofthe Chouit General Fund(U~ Chcuit Model Trust Fund (Unstdictsd)				37,247				3,957,622 37,247	3,907,281
Designated Funds (Un eshichd)
Total Unresbfctsd Funds								$,904,869
Reshtcted Funds						106,1S0		108,199	106,100
Endowmera Funds
Total Funds		$,$57,822		$7W7		108,1$9		4,101,088	4,142WT

Interest
Income from investment Properties
3.Circuit assessment
Kensal Rise Meth Church
Fernhead Road Meth	Church
Quex Road Methodist	Church
Gospel Oak Methodist	Church