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