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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|
##
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##
|||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|
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