2023-08-31-accounts

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Statement of Financial Activities	Statement of Financial Activities	Statement of Financial Activities	Statement of Financial Activities	(SOFA) for	the year ended 31August 2023	the year ended 31August 2023	the year ended 31August 2023	the year ended 31August 2023
			Notes to		Circuit IIIiodel	Designated
			the	General Fund	Trust	Funds	Resb icted	Endowment	Total
			accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds	2022-23
				F		5	6	f	F.
Income
1 Donations and legacies									0
2 Income from monetary investments				2,180	1,270				3,450
3 Income from investment	properties			149,230					149,230
4 Assessments on Churches				67,255					67,255
5 Capital Receipts									0
6 Grants received									0
7 Other charitable income
8Total income				218,665	1,270				219,935
Expenditure
9 Grants and donations			4						0
10Salaries and associated	costs		5	102,919					102,919
11 Property maintenance			6	32,515					32,515
12Connexional assessment	&	model trus	7		222				222
13District Assessment &Levy			8	30,936					30,936
14Depreciation									0
15Office expenses			7	475					475
16Other outgoings			9	2,484					2,484
17Total charitable expenditure				169,329	222				169,550
18Gains/(losses) on monetary		investmer	10		92				92
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				49,337	1,140				50,476
21 Transfers between funds									0
22 Other gains/(losses)				-11,985					-11,985
23 Net movement in funds				37,352	1,140,				38,491
24Total funds brought forward									0
25Total funds carried forward				37,352	1,140				38,491

			Notes to		Circuit Model	Circuit Model	Designated
			the	General Fund	Trust		Funds	Restricted	Endowment	Total
			accounts	(Unrestricted)	(Unrestricted)		(unrestricted)	Funds	Funds	2021-22
				g				F
Income
1 Donations and legacies
2 Income from monetary investments 3 Income from investment properties			2 2	'',.179,. ..'.,='... ' 151~755		683	.			853 151,755
4 Assessments on Churches			3	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			4	30,000						30,000
10Salaries and associated	costs		5	97;443						97,443
11 Property maintenance			6	28,035						28,035
12Connexional assessment	&	model trus	7			352'				352
13District Assessment &Levy			8	30,844						30,844
14Depreciation
15Office expenses			7	312 .	'					312
16Other outgoings			9	2,081						2,081
17Total charitable expenditure				188,716		352				189,068
18Gains/(losses) on monetary		investmen				-268				-268
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				30,464		63				30,527
21 Transfers between funds
22 Other gains/(losses)
23 Net movement in funds				30,464						30,527
24Total funds brought forward
25Total funds carried forward				30,464		63				30,527

				General	Fund	Circuit Model	Designated		Restricted	Endowment		Totals	Totals
				(Unrestricted)		Trusts	Funds		Funds	Funds		2022I23	2021/22
			Notes tothe			(Unrestricted)	(Unrestricted)
			Accounts	8		8	6
Fixed Assets
Circuit Menses & Equipment				3,870,345								3,870,345	3,870,345
Investment properties
Investments
Total	ibred	assets		3,870,345							0	3,870,345	3,870,345
Current Assets
Debtors			12		11,382							11,382	10,915
Loans by the Circuit			10										11,985
Investments with TMCP					183	42,089						42,272	41,250
Central Finance Board Deposits					84,603				106,199			190,802	29,107
Cash at Bank and in hand					42,869							42,869	155,578
Total cunant		assets		139,037		42,089			106,199			287,325	248,834
Current liabilities
Creditors (due in under 1 year)			13										350
Grants payable within 2022-23
Total current liabilities					350								350
Net current assetslIlabllltles				138,687		42,089			106,199			286,975	248,484
Total assets less cunant liabilities				4,009,032		42,089		0	106,199		0	4,15'f,320	~4,118,829
Long term liabilities
(due after more than one	year)
Grants payable after 2022-23			13		19,000							19,000	19,000
Loans to the Circuit
	Net	assets		3,990,032		42,089			106,199			4,138,320	4,099,829
Funds ofthe Circuit
General Fund (Unrestricted)				3,990,032								3,990,032	3,952,564
Circuit Model Trust Fund (Unrestricted)						42,089						42,089	41,066
Designated Funds (Unrestdcied)
Total Unrestricted		Funds										4,032,121	3,993,630
Restricted Funds									106,199			106,199	106,199
Endowment Funds
Total		Funds		3,990,032		42,089		0	106,199			4,138,320	4,099,829

						2023	2022
				Unrestricted	Restricted
				funds	funds
				f	f	f	f
Interest				3,450		3,450	853
Income from investment			Properties	149,230		149,230	151,755
				152,680	-	152,680	152,608
3.Circuit	assessment
						2023	2022
				Unrestricted	Restricted
				funds	funds
				f	f	f	f
Kensal Rise Meth Church				16,814		16,814	16,814
Fernhead	Road Meth	Church		16,814		16,814	16,814
Quex Road Methodist		Church		16,814		16,814	16,814
Gospel Oak Methodist		Church		16,814		16,814	16,814
				67,255	-	67,255	67,255

							2023	2022
					Unrestricted	Restricted
					funds	funds
					f	f		f
Gospel Oak	Meth Church							5,000
Kilburn Meth Church								5,000
Kensal Rise	Meth Church							5,000
Fernhead Road Meth Church								5,000
Assessment	support	-Fernhead		MC
Assessment	support	-Kilburn	MC
Connexion	Pension	Fund						10,000
					0		0	30,000

Stipends
Employer's	National	Insurance
Pension costs
Associated	costs

		2023	2022
Unrestricted	Restricted
funds	funds
f	f	f	f
71,278		71,278	68,928
6,470		6,470	6,262
18,302		18,302	17,708
6,868		6,868	4,545
102,919	-	102,919	97,443

								2023	2022
						Unrestricted	Restricted
						funds	funds
						6	f	6	6
Building repairs		and	maintenance			22,367		22,367	18,155
Insurance and	Utilities					8,038		8,038	7,153
Management	Fee					2,110		2,110	2,727
						32,515		32,515	28,034
7.Office expenses
								2023	2022
						Unrestricted	Restricted
						funds	funds
						6	6	6	f
Model trust levy						222		222	352
Adm Charges	Payroll					286		222	274
Bank Charges						188		286	38
						696	-	696	664
8.District Assessment				&Levy
								2023	2022
						Unrestricted	Restricted
						funds	funds
								6
District Assessment						30,844	-	30,844	30,844
						30,844		30,844	30,844
9.Other expenditure
								2023	2022
						Unrestricted	Restricted
						funds	funds
						6	f	6	f
Ministry, resources &training						878		878	845
Other outgoings									100
Benevolent gift						300		300
Administration		&other expenses				956		956	786
Profesional fee						350		350	350
						2,484		2,484	2,081
10.Gains &Losses
								2023	2022
						Unrestricted	Restricted
						funds	funds
								6
Gains/(losses)	on mon'etary				investments	92		92	(268)
Loan by Circuit		written		off		(11,985)		(11,985)
						(11,893)	-	(11,893)	(268)
11.Tangible fixed assets
								2023	2022
									6
Freehold Properties								3,870,345	3,870,345
								3,870,345	3,870,345
12.Debtors
								2023	2022
Prepayment								11,382	10,915
Other debtors									11,985
								11,382	22,900
13.Creditors
								2023	2022
								6	6
Accruals								350	350
Grant commitments			payable					19,000	19,000
								19,350	19,350

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