2021-08-31-accounts

Statement of Financial Activities			(SOFA) for	the year ended 31August 2021
		Notes to			Designated
		the		Circuit Model	Funds
		account	General Fund	Trust	(unrestricted	Restricted	Endowment	Total
		s	(Unrestricted) r	(Unrestricted)	)	Funds	Funds E	2020-21 f
Income
1 Donations and legacies			9,000					9,000
2 Income from monetary investments			631					631
3 Income from investment	properties		139,647					139,647
4 Assessments on Churches			67,255					67,255
5 Capital Receipts
6 Grants received
7 Other charitable income
8Total income			216,533					216,533
Expenditure
9 Grants and donations			88,616					88,616
10Salaries and associated	costs		95,144					95,144
11 Property maintenance			34,699					34,699
12Connexional assessment	&	model trus		305				305
13District Assessment & Levy			30,844					30,844
14Depreciation
15Office expenses			270					270
16Other outgoings			1,957					1,957
17Total charitable expenditure			251,531	305				251,835
18Gains/(losses) on monetary		investments	3,536					3,536
19Gains/(losses) on investment		properties
20 Net income/(expenditure)			Q1,462	-305				41,767
21 Transfers between funds
22 Other gains/(losses)
23 Net movement in funds			41,462	-305				-31,767
24Total funds brought forward
25Total funds carried forward			D1,462	305				31,767

			Notes to		Circuit Model	Designated
			the	General Fund	Trust	Funds	Restricted	Endowment		Total
			accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds		2019-20
								E		6
Income
1 Donations and legacies
2 Income from monetary investments				381						1,174
3 Income from investment	properties			107,347						107,347
4 Assessments on Churches				64,052						64,052
5 Capital Receipts
6 Granb; received
7 Other charitable income
8Total Income				171,781	793					172,574
Expenditure
9 Grants and donations				60,000						60,000
10Salaries and associated	costs			92,415						92,415
11 Property maintenance				28,212						28,212
12Connexional assessment	&	model trust			311					311
13District Assessment & Levy				28,164						28,184
14Depreciation
15Office expenses				326						326
16Other outgoings				2,304						2,304
17Total charitable expenditure				211,441	311				0	211,752
18Gains/(losses) on monetary		investments
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				49,660					0	Q9,178
21 Transfers between funds										0
22 Other gains/(losses)
23 Net movement In funds				-39,660					0	-39,178
24Total funds brought forward										0
25Total funds carried forward				-39,660						39,178

													GN
				General	Fund	Circuit Model	Designated	Restricted	Endowment		Totals	Totals
				(Unrestricted)		Trusts	Funds	Funds	Funds		2020/21	2019/20
			Notes to the			(Unrestricted)	(Unrestricted)
			Accounts	f		6	6
Fixed Assets
Cimuit Menses 6 Equipment			10	3,870,345							3,870,345	3,870,345
Investment properties
Investments
	Total lixed	assets		3,870,346						0	3,870,346	3,870,345
Current Assets
Debtors					10,606						10,606	61,360
Loans by the Circuit					11,985						11,985	11,985
Investments with TMCP						41,002					41,186	37,430
Central Finance Board Deposits					6,008							101,868
Cash at Bank and in hand					42,322			16,199			58,521
Total current		assets			71,106	41,002		106,199			218,306	250,083
Current liabilities
Creditors (due in under 1 year)			12
Grants payable within	2020-21
Total	cunent llebllldes
Mer current	essetslllabllltles				70,766	41,002		106,199			217,966	249,723
Total assets less	cunent llebllid es			3,941,100		41,002	0	106,199		0	4,088,301	4,120,068
Long term liabilities
(due after more than one year)
Grants payable after 2020-21			12		19,000						19,000		V
Loans to the Circuit
				3,922,1oo		41,002		1o6,1aa		0	4,069,301	4,101,068	w
Funds ofthe Circuit
General Fund (Unrestricted)				3,922,100							3,922,100	3,957,622
Circuit Model Trust Fund (Unrestricted)						41,002					41,002	37,247	W
Designated Funds (Unrestricted)
Total tjnreslrfcted		Funds									3,963,102	3,9S4,889
Restricted Funds								10B,199			106,199	106,199
Endowment Funds
	Total Funda			3,922,100		41,002	0	108,199			4,069,301	4,101,088

2. Dona	tions	and l	ega	cies
							2021	2020
					Unrestricted	Restricted
					funds	funds
					f	f	f
Covid Support		Grant			9,000		9,000
					9,000		9,000
3.Investment		income	and interest
							2021	2020
					Unrestricted	Restricted
					funds	funds
					f	f	f	f
Interest					631		631	1,174
Income from investment				Properties	139,647		139,647	107,347
					140,278		140,278	108,521
4.Circuit	assessment
							2021	2020
					Unrestricted	Restricted
					funds	funds
					f	f	f
Kensal Rise Meth Church					16,814		16,814	16,013
Fernhead	Road	Meth	Church		16,814		16,814	16,013
Quex Road Methodist			Church		16,814		16,814	16,013
Gospel Oak Methodist			Church		16,814		16,814	16,013
					67,255		67,255	64,052

Gospel Oak Meth Church	Gospel Oak Meth Church
Kilburn Meth Church
Kensal Rise Meth Church
Fernhead Road Meth	Church
Assessment support	-Fernhead		MC
Assessment support	-Kilburn	MC

		2021	2020
Unrestricted	Restricted
funds	funds
f	f		f
16,500		16,500	15,000
16,500		16,500	15,000
17,500		17,500	15,000
18,500		18,500	15,000
9,808		9,808
9,808		9,808
88,616		88,616	60,000

6.Stipends	and staf	f cost
					2021	2020
			Unrestricted	Restricted
			funds	funds
			f	f	f	f
Stipends			68,094		68,094	65,136
Employer's	National	insurance	6,089		6,089	5,736
Pension costs			17,481		17,481	16,626
Associated	costs		2,846		2,846	4,917
			94,510		94,510	92,415

		2021	2020
Unrestricted	Restricted
funds	funds
f	f	f	f
28,763		28,763	21,758
4,494		4,494	4,934
1,448		1,448	1,520
34,706		34,706	28,212
		2021	2020
Unrestricted	Restricted
funds	funds
f	f	f	f
305		305	311
270		270	326
575		575	637
		2021	2020
Unrestricted	Restricted
funds	funds
f	f	f	f
407		407	1,169
759		759	775
360		360	360
1,526		1,526	2,304
		2021	2020
		f	f
		3,870,345	3,870,345
		3,870,345	3,870,345
		2021	2020
		f	f
		10,606	61,360
		11,985	11,985
		22,591	73,345
		2021	2020
		f	f
		350	360
		19,000	19,000
		19,350	19,360