2022-08-31-accounts - London Mission (North-West) Methodist Circuit

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Statement of Financial Activities (SOFA) for the year ended	Statement of Financial Activities (SOFA) for the year ended	Statement of Financial Activities (SOFA) for the year ended	Statement of Financial Activities (SOFA) for the year ended	Statement of Financial Activities (SOFA) for the year ended	Statement of Financial Activities (SOFA) for the year ended	Statement of Financial Activities (SOFA) for the year ended	Statement of Financial Activities (SOFA) for the year ended	Statement of Financial Activities (SOFA) for the year ended	31August	2022
					Notes to		Circuit	Model	Designated
					the	General Fund	Trust		Funds	Restricted	Endowment	Total
					accounts	(Unrestricted)	(Unrestricted)		(unrestricted)	Funds	Funds	2021-22
						E	f			E	f	E
Income
1	Donations and legacies				2
2	income from monetary	investments			3	170						853
3	Income from investment		properties		3	151,755						151,755
4	Assessments on Churches				4	'67„255						67,255
5	Capital Receipts
6	Grants received
7	Other charitable income
8Total Income						219,180		683				219,863
Expenditure
9	Grants and donations				5	30,000,						30,000
10Salaries and associated			costs		6	9,7.;443						97,443
11	Property maintenance				7	.28,035						28,035
12	Connexional assessment		&	model trust levy	8							352
13District Assessment & Levy					9	30,844						30,844
14	Depreciation
15	Office expenses				8	312						312
16	Other outgoings				10	2,()81						2,081
17	Total charitable expenditure					188,716		352				189,068
18	Gains/(losses) on monetary			investments				-268 .				-268
19	Gains/(losses) on investment			properties
20	Net income/(expenditure)					30,464						30,528
21	Transfers between funds
22	Other gains/(losses)
23	Net movement in funds					30,464						30,528
24 Total funds brought forward
25Total funds carried forward						30,464						30,528

Statement ofFinancial Activities (SOFA) for the	Statement ofFinancial Activities (SOFA) for the	Statement ofFinancial Activities (SOFA) for the	Statement ofFinancial Activities (SOFA) for the	Statement ofFinancial Activities (SOFA) for the	year ended	year ended	31August	2021
			Notes to		Circuit	Model	Designated
			the	General Fund	Trust		Funds	Restricted	Endowment	Total
			accounts	(Unrestricted)	(Unrestricted)		(unrestricted)	Funds	Funds	2020-21
				f	f		f	f		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			5	88,616						88,616
10Salaries and associated	costs		6	e5,144						95,144
11Property maintenance			7	, 34,699						34,699
12Connexional assessment	&model trust levy		8			305				305
13District Assessment & Levy			9	30,844						30,844
14Depreciation
15Office expenses			8	-270						270
16Other outgoings 17Total charitable expenditure			10	1,957 251,531		305				1,957 251,835
18Gains/(losses) on monetary		investments		3,536						3,536
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				-31,462		-305				-31,767
21 Transfers between funds
22 Other gains/(losses)
23 Net movement in funds				-31,462		-305				-31,767
24 Total funds brought forward
25Total funds carried forward				-31,462		-305				-31,767

															GN
						General	Fund	Circuit Model	Designated		Restricted	Endowment	Totals	Totals
						(Unrestricted)		Trusts	Funds		Funds	Funds	2021/22	2020/21
					Notes to the Accounts	E		(Unrestricted) f	(Unrestricted) E
Fixed Assets
Circuit Manses & Equipment						3,870,345							3,870,345	3,870,345	R
Investment properties															R
Investments
	Total		fixed assets			3,870,345						0	3,870,345	3,870,345
Current Assets
Debtors					12		10,915						10,915	10,606	S
Loans by the Circuit					12		11,985						11,985	11,985
Investments with TMCP								41,066					41,250	41,186
Central Finance Board	Deposits						29,107						29,107	96,008	T
Cash at Bank and in hand						49,379					106,199		155,578	58,521
Total current assets						101,569		41,066			106,199		248,834	218,306
Current liabilities
Creditors (due in under		1 year)			13		350						350	350	U
Grants payable within 2021-22
Total	current			liabilities										350
Net current		assetslliabifitles				101419		41,066			106,199			217,956
Total assets less	current			liabilities		3,971,564		41,066		0	106,199	0	4,118,829	4,088,301
Long term liabilities
(due after more than		one	year)
Grants payable after 2021-22						19,000							19,000	19,000	V
Loans to the Circuit
			Net assets			3,962,564		41,066			106,199	0	4,099,829	4,069,301	W
Funds ofthe Circuit
General Fund (Unrestricted)						3,952,564							3,952,564	3,922,100
Circuit Model Trust Fund		(Unrestricted)						41,066					41,066	41,002
Designated Funds (Unrestricted)
Total Unrestricted				Funds									3,993,630	3,963,102
Restricted Funds											106,199		106,199	106,199
Endowment Funds
		Total Funds				3,952,564		41,066		0	106,199		4,099,829	4,069,301

		2022	2021
Unrestricted	Restricted
funds	funds
f	f	f	f
			9,000
			9,000
		2022	2021
Unrestricted	Restricted
funds	funds
f	f	f	f
853	—	853	631
151,755	-	151,755	139,647
152,608	—	152,608	140,278
		2022	2021
Unrestricted	Restricted
funds	funds
f		f	f
16,814		16,814	16,814
16,814		16,814	16,814
16,814		16,814	16,814
16,814		16,814	16,814
67,255	—	67,255	67,255
		2022	2021
Unrestricted	Restricted
funds	funds
f		f	f
5,000		5,000	16,500
5,000		5,000	16,500
5,000		5,000	17,500
5,000		5,000	18,500
			9,808
			9,808
10,000
30,000	-	20,000	88,616

Stipends
Employer's	National	Insurance
Pension costs
Associated	costs

		2022	2021
Unrestricted	Restricted
funds	funds
f	f	f	E
68,928		68,928	68,094
6,262		6,262	6,089
17,708		17,708	17,481
4,545		4,545	2,846
97,443	—	97,443	94,510

7.Maintenanc	e o	fManses
						2022	2021
			Unrestricted	Restricted
			funds	funds
			f		f		f
Building repairs and maintenance			18,155		18,155		28,763
insurance			7,153			7,153	5,936
Management	Fee		2,727
			28,034	-	28,034		34,699
8.Office expenses
						2022	2021
			Unrestricted	Restricted
			funds	funds
			f	f	f
Model trust levy			352			352	305
Adm Charges Payroll			274			274	270
Bank Charges			38			38
			664				575
9.District Assessment 8 Levy
						2022	2021
			Unrestricted	Restricted
			funds	funds
			f	f	f		f
District Assessment			30,844		30,844		30,844
			30,844	-	30,844		30,844
10.Other expenditure
					2022		2021
			Unrestricted	Restricted
			funds	funds
			f	f	f		f
Ministry, resources		&training	845			845	407
Other outgoings			100			100	441
Administration	&other expenses		786			786	759
Profesional fee			350			350	350
			2,081		2,081		1,957
11.Tangible fixed assets
					2022		2021
					f		f
Freehold Properties					3,870,345		3,870,345
					3,870,345		3,870,345
12.Debtors
					2022		2021
					f		f
Prepayment					10,915		10,606
Other debtors					11,985		11,985
					22,900		22,591
13.Creditors
					2022		2021
					f		f
Accruals					350		350
Grant commitments		payable			19,000		19,000
					19,350		19,350

Freehold Properties
12.Debtors
Prepayment
Other debtors
13.Creditors
Accruals
Grant commitments	payable