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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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