2021-08-31-accounts - South West Peninsula Methodist District

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			Page
Trustees Annual Report
Declarations			13
Independent	Examiner's	Report
Statement of	Financial Activities		16
Balance Sheet			17
Notes to the Accounts			18

Our General Fund reserves are as follows:	2020-21
Total General Fund value	716,054
Less Funds not freely available
Land and Buildings held for District use	575 000
Freely available General Fund Reserves	141,054

				Oelslet	Oelslet	Fend lunreetrated)	Oedaneted Flied (unre strata	Oedaneted Flied (unre strata	d)	Fence tneadd	dl	Iw I uuod1	reset xtrlwse
Income from:
Don a Sons snd legedes					274							68,585	16,847
ChsrReble sctlvltles
Investments					369	1,290					125	1,774	9,096
Other
Assessments on Clrcults				95,226								95226
From Clrcult Model Trust	Funds					180,973						160,973	166,128
Contr6rutlon to the cost ofthe Chair				42,162								42,152	41,181
Conblbutkne to other staff costs
Grants from Connexlonal	Funds
Other Income					2 400								28 568
Total				'/40,411		162 63		260		66,186		359110	342,656
Expenditure
Gnmts and donatkns						(13,600)	12,000			8,828		5,128	124,110
Salaries and assodeted costs				91,832						27,768		155,240	150,408
Property					5,207		6,664					10,781	10,138
Oflice expenses					4,221						232	4,996	5,724
Synods, meetings and Conference					612					4,612		5,229	4,098
Other outgoings
Travel expenses					2,786			186		6,676		9,508	13,503
Dspreclstlon
Ecumenkal contrlbutlons					3,B56							3,85B	4,056
Tralnlng end Supervlslon													3,106
Professional and tubnlnbetratlon		fees			4,084					5,368		10,078	3,793
Other costs									41		508	1,199	9807
Total Expenditure				'/1	728	12,862	54		51	61,880		205787	328,743
Net Income/(expenditure) before snd losses on Investmenls		gains		27,683		175,125	(54,001)			4,506		153,313	13,813
Gains/(Losses) on Investment	assets										215	215	105
Net Income (expenditure)				27,M3		175126				4	291	163,088	14018
Transfers between funda			10	(11,890)		(173,000)	159,760			24,940
Other Gains orlosses
Net movement ln funds				16,993		2 125	106,749			29,231		163,098	14018
Reconclgatlon offunda:
Total funds brought forward				7IM 081		11,260	157	672		104,461		973444	959426
Total funds carried forward				716,054		13375	283,421			133,692		1 126/I42	87 444

			General	District	District	Designated	Restricted
		Notes	Fund	Advance	Fund	Funds	Funds	TOTAL	TOTAL
			unrestricted	unrsstrkted		unrestricted	Restrbted	2020/21	2019/20
			6	2			2	6
Tangible Fixed Assets
Mense			575,000					575,000	575,000
Investments		12					16,876	16,676	16,890
Total Fixed Assets			575,000				16,576	691,676	591,890
Current Assets
Debtors end Prepaymenls		13	4,285			73		4,358	6,075
Central Rnance Board	and
Trustees for Methodist	Church		125,324	95,375		263,348	117,016	601,063	557,628
Purposes Deposits
Cash at Bank and h hand			14,026					14,028	23,873
Total Current Assets			143,636	96,376		263,421	117,016	619,447	587,274
Current Llablgtles
Credgors end Accruals		14	2,681	48,000				60,561	121,720
(due In under 1 year)
Net Current Assets			141,055	47,376		283,421	117,016	668,887	465,554
Total Assets less Current Liabilities			718,066	47,375		263,421	133,692	1,160,642	1,057,444
Long term Liabilities
Gnmls payable		14						34,000	84,000
Net Assets			716,066	13,376		283,421	133,682	1,126,642	973,444
Funds ofthe Dlstrlct
General Fund			716,055					718,OBB	700,061
Distant Advance Fund				1	3,375			13,376	11,260
Designated Funds		16				263,421		283,421	167,672
Total unrestricted	funds		716,056	13,376		263,421		992,861	868,983
Restdoted Funds		15					133,602	133,692	104,461
Endowment Funds
Total Funds			718,056	13,375		263r421	133,892	1,126,642	973,444

			General	Dlstrlct	Designated	Designated	Restricted	Restricted
		Notes	Fund	Advance Fund	Funds		Funds		TOTAL	TOTAL
			unrestricted	unrestricted	unrestricted		Rsstrl c	ted	2019-20	2018-19
			E	E			E		E
Tangible Fixed Assets
Mense			575,000						675,000	575,000
Investments		12					18,890		16,890	16,785
Total Fated Assets			67S,000				18,890		691,690	601,785
Current Assets
Debtors end Prepeymsnts			6,002			73			6,075	9,060
Central Finance aoard	end
Trustees for Methodist	Church		98,107	213,250	167,783		88,406		6S7,626	613,559
Purposes Deposits
Cash at aenk and In hand			23,873						23,673	19,846
Total Current Assets			127,782	213,260	167,836		88,406		S87,274	642,585
Current Llabllrdes
Creditors end Accruals		14	2,721	118,000		164		835	121,720	96,424
(dus In under 1 year)
Net Current Assets			126,061	95350	167,672		87,571		486,664	446,141
Total Assets less Current Liabilities			7D0,061	96,250	157,872		104,461		1,067,444	1,037,926
Long term Llabtgdes
Grants payable		14		84,000					84,000	78,600
Net Assets			700,061	11,260	167,672		104,481		973,444	959,428
Funds ofthe District
General Fund			700,081						TDO,061	679,606
Dlstrlot Advance Fund				11,260					11,250	34,1D7
Designated Funds		16			157,672				167,672	169,145
Total unrestricted	funds		TD0,081	tta50	157,672				888,983	872,858
Restricted Funds		15					104 461		104481	86,568
Endowment Funds
Total Funds			700,061	11,250	1S7,672		1D4,461		973,444	959,426

					eanerel	Olelrlol Adven os Fond lu nnentote d)	owrsnaled Fonda tun~)	owrsnaled Fonda tun~)	R~ Rrnda	Total 1010/00	Total solsn 0
Income from:
Donations and legacies								623	15,224	15,847	26,031
Che/sable actMtlss
Investments					1,681	7,123				9,096	4,818
Other
Assessments on Circuits					94,838					94,838	96,726
Frcm Circuit Model Trust	Funds					155,128				155,126	136,194
ContnbuUon to the cost ofthe			Chair		41,181					41,181	40,040
Contributions to other staff		costs
Grants frcm Connexlonel	Funds										35,189
Other income				6	2,668				24,000	28,568	2,400
Total					140268	162,249		823	39,616	342868	341378
Expenditure
Grants and donations						123,600			810	124,110	68,874
Satanas and assodated costs					88,235		60,033		2,140	150,408	140,387
Property					4,911		5,227			10,138	12,344
Oflice expenses					4,942			348	434	5,724	6,074
Synods, meetings md Conference					2,740			110	1,248	4,098	5,532
Other outgoings
Travel expenses					5,988		2,385		5,150	13,603	26,742
Depredatlcn
Ecumenical contributions					4,066					4,066	3,940
Truning and Supervision					210				2,896	3,106	2,766
Professional and Admlnistrabcn			fees		3,187	606				3,793	5,553
Other costs					44				9,196	9,807	987
Total Expenditure					114,313	124,106	68,660		21 874	328,743	273,189
Net income/(expenditure) before and losses on investments			gains			38,143	(68,027)		17,842	13,913	68,189
Gains/(Losses) on tnw/slment		assets							105	105	614
Net income (expenditure)					25,965	38 143	68,027		17947	14,018	68803
Trmsfers between funds				10	(5,500)	(61,000)	86,554		(54)
Other Gains or losses
Net movement In funds					20 466	22 867	1,473		17893	14018	68 803
Reconciliation offunds:
Total funds brcught forward					679,606	34,107	169,145		86,668	959,426	890,623
Total funds carried forward					700,081	11280	157,672		104461	973,444	969,426

				2020/21	2019/20
Travel on District business				142	1889
Administration and other	re-imbursed	expenses			1235
					3124
The following expenses	were paid to	ths District Chairman,	the only trustee	who was also a District employee:
Travel and hospitality on	District business			949	1636
Administration and other	rs-imbursed	costs		6535	1469
				7484	3105
Total expenses paid to trustees				7861	6229
Total number oftrustees	paid expenses			2	5

Grants and donations to table below.	talling f5,128were	made	during the year (2019/20:	f124,110)as sho	wn in the
				2020/21	2019/20
Unrestricted:
- From DMTF	To Church	projects		0	30000
	To Circuit	projects		39500	75500
	Returned	unused	from projects	-53000	-6000
	To Circuits	for projects with other partners		12000	24000
Sub total				-1500	123500

							2020/21	2019/20
Restricted:
- From Cuttack Appeal			Fund		To Church of North	India	6178	610
- From Emergency		Fund		1	To individuals		450	0
Sub total							6628	610
Total							5128	124110
In addition, funds were			made available		from the DAF to support		District projects and funds as follows:
Unrestricted
- District Evangelism		Enabler					30000	25000
—Seed Corn Project							20000	0
- Rural chaplaincy	project						25000	35000
- New Pisces for New			People				50000	0
- Youth Fund							0	1000
Total							125000	61000

Salaries and associ	Salaries and associ	ated costs	ated costs
The salaries and associated		costs paid to our chair, two		other full time and three part time	employees	over he last
two years were as follows:
					2020/21	2019/20
Gross pay					98544	95464
Employer's pension	contribution		to defined contdbution	scheme	5913	5475
Employer's National	Insurance		contribution		8138	7811
Apprenticeship levy					493	477
					113088	109227
Cost ofChair (see Note 4)					42162	41181
Total staff costs					155240	150408
Average weekly contractual		hours ofStaff members			165	165

Fees for	inde endent Ex	amin	ation ofthe accounts
				2020/21	2019/20
independent	Examiners fees for reporting		on the accounts	750	750
Other fees paid to the Independent		Examiner
Total amount	paid			750	750

		Manse	New places for	DEE	Cuttack	Cranbrook	Seed Com	Total
			new people
From	General Funds	9750			2000			11750
From	/ ( To) DAF		50000	30000		48000	20000	148000
Total	transferred	9750	50000	30000	2000	48000	20000	159750

				Manse	Riral Chaplain	DEE	Cuttack	Cuttack	Youth	Other	Total
From	General Funds			5500						54	5554
From	/ ( To) DAF				25000	35000			0	1000	61000
Total transferred				5500	25000	35000		0	0	1054	66554
Tan	ible Fixed	Assets
					Manse	Other		land	Fixtures, fittings		Total
						a	tiuiidings		a equipment
							7yrSL		5yrSL
Cost	or deemed	value
As at	1 September 2020		and 2021		575000		98064		5990		679054
Accumulated depreciation
As at	1 September 2020		end 2021				98064		5990		104054
Net Book Value brought			forward
and cerned forward					575000		0			0	575000

				Units	2020/21	2019/20
	Trustees interest Fund				5501	5501
	CFB Managed Fixed Interest	Fund		5251	11175	11389
	Total				16676	16890
	Income earned on Investments		for the year		125	292
	Change in the carrying		value of Investments:		2020/21	2019/20
	Carrying value brought forward				16890	16785
	Additions/ disposals and Income less expenditure				0	0
	Unrealised net (loss) gain on revaluation				-214	105
	Carrying value carried forward		at 31 August 2019		16676	16890
13	Debtors and re a ments
	Debtors were made up as follows:				2020/21	2019/20
	Loan to the Mint Methodist church					3158
	Assessments from Circuits				3314	0
	Other debtors				1044	2917
	Total (net)				4358	6075
14	Creditors and accrued		ex enses
	Amounts due In less than		12months		2020/21	2019/20
	Accrued Expenses				2397	3556
	Grants payable to third parties				48000	118000
	Other Creditors					164
					50581	121720
	Amounts due In more than		12months
	Grants payable to third parties				34000	84000

Funds in detail
		Opening	Incoming	Resources	Transfers	Closing
Designated Funds		Balance	Resources	Expended	&adjs	Balance
Manse Fund
Running costs, maintenance	and
repair ofthe District Manse		9917	250	-5554	9750	14363
Rural Chaplaincy Fund
To Fund the rural chaplaincy	co-
ordinator project		50000			0	50000
DEEFund
To fund ths post of District
Evangelism Enabler		83701	0	-36697	30000	77004
Cuttack Fund
io racmrsre me r.'unsex mousse		9000			2000	11000
Youth Fund
Ongoing support ofyouth work end
young people in ministry		5054			0	5054
Cranbrook ProJect
i u suyyur r um trrcrn rrcuunn	scut
proJect In the new Cranbrook			0	-12000	48000	36000
Seed Com Project
To support post Covid initiatives				0	20000	20000
New Places for New People
To facilitate bringing the Gospel
of Christ to as many people	as
possible.			0	0	50000	50000
Total Designated Funds		157672	250	-54251	159750	263421
		OPenlng	Incoming	Resources	Transfers	Closing
Restricted Funds		Balance	Resources	Expended	&adjs	Balance
CC(C Fund
Support ot development ot CCRC		29088	0	-8371	0	20717
Cuttack Fund (restricted)
To facilitate the Cuttack Diocese
partnership		1828			0	1828
Cuttack Appeal
To support work ofCuttack Diocese
including the Christian Hospital at
Berhampur		214	6003	-6178		40