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||||Page|
|---|---|---|---|
|Trustees Annual<br>Report||||
|Declarations|||13|
|Independent|Examiner's|Report|14|
|Statement of|Financial Activities|||
|Balance Sheet||||
|Notes tothe Accounts|||18|





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|Our General<br>Fund reserves|are as follows:|202|22|
|---|---|---|---|
|Total General Fund value||716,792||
|Less Funds not freely available||||
|Land and Buildings|held for District use|~575|000|



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||||||sulu:rsl<br>Fund|mdradnausaas<br>Fund Iuatusuaudt|Daslasated<br>Fuels<br>Iunreetrialadl|Daslasated<br>Fuels<br>Iunreetrialadl|aeslltatlld<br>Funds<br>I eelrlalete||rua<br>usus/x1|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Income from:||||||||||||
|Donabone and iegsues|||||4,348|||800|22,403|27,611|se,ese|
|Charitsbu<br>activities||||||||||||
|Investmants|||||1,246|2,049|||120|3,416|1,774|
|Other||||||||||||
|Assesemenls<br>on Chcults|||||06,237|||||06,237.||
|From Cl/cult Model|Trust||Funds|||243,054||||243,064|100,973|
|Conblbutlon<br>to the coal oftru Chair|||||42,740|||||42,740|42,152|
|Conblbutlohs<br>to other||smf costs||||||||||
|Grants fmm Connsxlonel|||Funds|||||||||
|06IN Inco/tls||||5|S.034||||||2,400|
||||||148.805|245,713||800|22,603415701||$69,110|
|Expenditure||||||||||||
|Grants and dona0ons|||||4,536|31,000|19,250||5,927|BD,712|5,120|
|genie'end<br>essousud|costa||||90,816||6D,B/2||28,105|179,852|t55,240|
|Props/ty|||||6,876||14,038|||20,513|10,761|
|Office expanses|||||5,550||||1ss|s,red|d,eee|
|Synods, meeangs and Confemnce|||||0,488|||||0,468|3,22e|
|Other outgoings||||||||||||
|Travel expenses|||||4,762||||6,588|la,sso|9.608|
|Depredation||||||||||||
|Ecumenical<br>contribuaons|||||4,056|||||4,050|S,658|
|Training<br>and 6upervislon||||||||||||
|Professional<br>and Administration<br>fade|||||7,186||2,84D||9,293|10,977|te,cre|
|Other costs|||||6066||||dee|r seo|1.198|
|Total Expenditure|||||130118|31,8m|97,400||48plee|mapnc|205790|
|Net income/(expenditure)<br>and losses on Investmenla||before aalns|||18,488|2134I54|(98,800)||(27prrt)|100,871|153t314|
|Gains/(Lorses)<br>on Investm||ant assets|||||||1,064)|1664|16|
|Net income (expenditure)|||||tcdtss|2132I54|96,600||0,735)|99,D07|163,m9|
|Transfers between<br>funds||||10|(9,760)|(202,000)|106,750||25,000|||
|Ol/Ier Gaine Or losses||||||||||||
|Net movement<br>Infunds|||||7$0||||(3,735|ga,ser|tas caa|
|(heconcltlation<br>offunds:||||||||||||
|Total funds brought seward|||||716054|13375|203421||19S092|1,120543|973444|
|Total funds carried|forward||||716.792|26220|S53,571||128sm|'I 225 660|1,12654$|





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||||General|Dtstrst|Dtstrst|Designated|Restdoted|||
|---|---|---|---|---|---|---|---|---|---|
|||Notes|Fund|Advance|Fund|FUads|Fund$|TOTAL|TOTAL|
||||unrestrtctad|Unrestricted||Unrsstdcted|Restricted|2021/22|2020f21|
||||2||||2|6||
|Tangible Rued Assets||||||||||
|hlsnse|||676,000|||||6762100|575,000|
|Investnlents||t2|||||15,018|16,016|la,a75|
|Total Fixed Assets|||576WB||||15,0ts|590,016|691,876|
|Current Assets||||||||||
|Deblcrs ana prspaymems||13||||||0|4,3SS|
|Cenlral Finance Board|and|||||||||
|Tntslees for uelhodlst|Church||57,755||88,229|353,671|114,941|614nt97|801,083|
|Purposes DeposBs||||||||||
|Cash at Bank snd in hand|||107,971|||||taydtyt|14,D28|
|Total Current Assets|||185,727||88/29|363,671|114,$41|722,468|519,447|
|Cunent Llabeltles||||||||||
|Credacrs and AUUIusls||14|23,935||37,000|||60,936|60,581|
|(due in under<br>1 year)||||||||||
|Net Current Asssla|||141,792||5142$|S53,571|114,841|S51,633|668.88S|
|Total Assets less<br>Currant Liabgiges|||716,792||51,229|S53,671|129,867|1,251,550|1,15D,542|
|Long term Llabgltles||||||||||
|Grants payshts|||||25,0DD|||26,000|34,000|
|Net Assets|||'716,782||26,229|363,671|12$,987|1,226,650|1,128,542|
|Funds ofthe Dlstrlct||||||||||
|General Fund|||715,792|||||'716,792|716,055|
|Dlsbtctndvance<br>Fund|||||25,229|||26,220|13,375|
|Designated<br>Funds||||||363,671||363,S71|283,421|
|Total unrestricted|funds||716,792||26,229|363,67'I||1,096,692|882,861|
|Restrlcled<br>FUnds|||||||129,957|12$,957|1S3,602|
|Grulcwmerd<br>FUnds||||||||||
|TotalFunds|||718,792||26vt29|353,671|129,957|1,226,660|1,120,543|





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|2|Com arativeFi|||ures||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The financia statements|||on pages||1617only show the|||||total|comparative|||figures for2021.Toenable better|||
||understanding<br>ofthe|Districrs|||financtal|||reporting||the Statement|||of Financial<br>Activity and||||Balance sheet for 2021|
||have been reproduced,|||in full|below.|||||||||||||
||||||Plymouth 8Exeter tytethodist|||||||District||||||
|||||Statement of Financial Activities (SOFAt||||||||||||||
|||||||Far|the year||ended 31st August|||2021||||||
||||||||ress||Obm»navem||Fosse|||S m»arena||||
|||||||ols»||tears)|||Olnasee»CI|||||||
||Income fram:|||||||||||||||||
||COMOom eld Isosdm||||||||||||2M|Sodsf||se,sss|I5,347|
||Chalhnn<br>a»Mlh»|||||||||||||||||
||Inueebnenh|||||||||1,290||||||1,774|Q,OQ6|
||Assessments<br>an CltouQS|||||||||||||||00,220|oo,sse|
||From tzfmz Madel Tmsi Funda|||||||||IOD,973||||||100,073|165,120|
||Conbnusan»<br>no co»orna||Cbdr|||||42,162||||||||42.162|41.161|
||Conldbu$ons<br>leather staff»mls|||||||||||||||||
||crania Som Connmuonel<br>Funda|||||||||||||||||
||Othln Iflcaela|||||||||||||||||
||Talal||||||140,411|||152,2M|||200|05,100||36S,'lI9|$42,606|
||Expendkure|||||||||||||||||
||Gloats md dc»oil»Is|||||||||(13,500)||12,000|||s,szs|s,tze|124,110|
||Salaries era a»casual caus|||||||0'l,%2||||35,040||27,708||155,240|ISOAOS|
||Flopeftr|||||||5,207||||0,654||||ID,701|10,138|
||Oace »pauses|||||||4,221|||||646||232|I,906|0,724|
||97nods. meatnos<br>end Conference|||||||512|||||105||4012|6,229|4,090|
||Other oulsalnoe|||||||||||||||||
||tlsvel mmmeeo|||||||2,708|||||180||e,srs||13,503|
||Cep SSIOOOB|||||||||||||||||
||Ecumedcd<br>aanhlbutlons|||||||sztss|||||||||4IISO|
||Ttshuna<br>snd Supe»lob»||||||||||||||||3,100|
||Froh»slanal<br>and Admlnlsuason||hes|||||4,084||638|||||5,305|10,078|3,799|
||Other coals||||||||||||||50S|I 190|9607|
||Tam)Expenditure||||||112725|||12502||54|251|61 050||205757|22574$|
||Nmtnconmf(upend)urn)<br>bafare <br>slid losel» mf Mvealfnefds||seine|||||27,88$||1T6,126||(04091)|||4Jics|15S,OI3|Itdt 3|
||salad(l»sees)<br>on Inveslmenl<br>Net fr»arne lexpenditwe)|assets||||||27,983176126||||54|00'I||15)<br>4XSI|(216)<br>1M 910|106<br>14 10|
||Tmnsnrs<br>bahvssn<br>hnds||||10||(11,890)|||(173,MO)||159,750||24240||||
||Other cdns orlossas|||||||||||||||||
||Nst movement<br>in funds|||||||16OOS||2'l20||'106749||25231||163058|1 018|
||Nscohc))lstion<br>offundm|||||||||||||||||
||Total foods blouch llolweld||||||TDD,O01|||11,2M||157072||104461||973444|959420|
||Total funds carried foraerd||||||710M4|||1337S||2lm|1|133862||I 120642|973444|





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|||Notes|General<br>Fund<br>Unrestricted|Dlstrlct<br>Advance<br>Fund<br>Unrestricted|Dlstrlct<br>Advance<br>Fund<br>Unrestricted|oesignsted<br>Funds<br>Unrestricted|Restncbrd<br>Funds<br>Restricted|TOTAL<br>2020/21|TOTAL<br>2010/20|TOTAL<br>2010/20|
|---|---|---|---|---|---|---|---|---|---|---|
||||2<br>'|f|||2|6||2|
|Tangible Fixed Assets||11|||||||||
||||675,000||||r|675,000||575,000|
|Invesbnenls||12|||||16576|16676||18,880|
|Total Fixed Assets|||578,000||||te,678|S91,878||591,89O|
|Current Assets|||||||||||
|Debtors and Prepayments||13|4,286|||||4,368||0,075|
|Central Finance Board and<br>Truslees for Methodist Church|||125,324||96,375|263,348|117,016|601,083||557,62S|
|Purposes Depress|||||||||||
|Cash at Bank and<br>In hand|||14,026|||||14,026||23,673|
|Total Current Assets|||143,636||96,3TS|28S,421|117,016|61SA47||687,274|
|Current<br>Lbdrtllges<br>Creditors and Accruals|||2,681||48,000|||50,581||121,720|
|(due In under<br>1 year)|||||||||||
|Net Currant<br>Assets|||141,066||47,376|283,421|117,018|568,087||485,554|
|Total Assets less Cunent|||716,065||47,376|' 263,421|133,892|1,160,642|1,067,444||
|Liabilities|||||||||||
|Long tenn Llabiliges|||||||||||
|Grants payable|||||34,000|||34,000||54,000|
|Net Assets|||718,056||13,375|263,421|133,692|1,126,642||973,444|
|Funds ofthe District|||||||||||
|General Fund|||710,055|||||718,OSS||TOO,001|
|Dbrlncl Advence Fund|||||13,375|||13,37S||11,250|
|Deslgnaled<br>Funds||'I6||||253,421||263,421||157,072|
|Total unrestricted|funds||716,055||13,375|283/t21||992851||868,983|
|Reslllcted<br>FU/Kls||15|||||133,802|133,692||104,461|
|Endowment<br>Funds|||||||||||
|Total Funds|||716,056||13,376|263,421|133,682|1,126,642|.|973,444|





|Ths District is made up|cfthe followi|ng<br>Circuits:||||
|---|---|---|---|---|---|
|Cirouit Name||Circuit No|Circuit Name||Circuit No|
|Plymouth<br>and Devonport||24/Oi|Tiverton and Wellington||24/16|
|Plymouth<br>Methodist|Mission|24/02|South Petherton|and Crewkerne|24/18|
|Exeter, Coast and Country||24/03|llfracombe<br>and|Barnstaple|24/20|
|Tavistock||24/07|South Molton and Ringsash||24/22|
|Torbay||24/08|Torridge||24/23|
|South Devon||24/10|West Devon||24/24|
|Bude and Holsworthy||24/1 I|West Somerset||24/25|
|Taunton<br>Deans and|||Rlngsash||24/27|
|South Sedgemoor||24/15|Teignbridge||24/28|



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|Grants and donatio<br>table below,|ns|totalling|f60,712were|made|during the year (2020/21:|E5,128)as shown|in the|
|---|---|---|---|---|---|---|---|
|||||||2021/22|2020/21|
|Unrestricted:||||||||
|- From DMTF|||To Church|projects||4535|0|
||||To Circuit|projects||38250|39500|
||||Returned|unused|from projects|0|-53000|
||||To Circuits|for projects with other partners||12000|12000|
|Sobtotal||||||54785|-1500|
|Restricted:||||||||
|-From Cuttack Appeal||Fund|To Church|ofNorth India||5177|6'I78|
|- From Emergency|Fund 1||To individuals|||750|450|
|Sobtotal||||||5927|8628|
|Tl||||||60712|5128|



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|Unrestricted||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|- District Evangelism<br>Enabler|||||||||0||30000|
|-Seed Corn Project|||||||||0||20000|
|- Rural chaplaincy<br>project|||||||||25000||25000|
|—New Places for New People|||||||||50000||50000|
|-Transforming<br>conversations|||||||||90000||0|
|Total||||||||165000|||125000|
|The Rural Chaplaincy<br>project is|under the oversight|||ofthe DPC and||has been consolidated||into these||accounts.||
|The Grants Committee<br>is aware|that Grant||applications||must demonstrate||public benefit.|||||
|The support costs for grant-making||to third|parties are not significant|||and|so are not separately||disclosed.|||
|Salaries and associated||costs||||||||||
|The salaries and associated costs||paid to our chair, two other full time and three part time||||||employees||over|he last|
|hvc years were as follows:||||||||||||
|||||||||2021/22|||2020/21|
|Gross pay||||||||121519|||98544|
|Employer's<br>pension contribution<br>Employer's<br>National<br>Insurance|to defined<br>contribution||contribubon||scheme||||6113<br>8991||5913<br>8138|
|Apprenticeship<br>levy|||||||||489||493|
|||||||||137112|||113088|
|Cost ofChair (see Note 4)|||||||||42740||42152|
|Tltffcosts|||||||||179852||155240|



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|||||2021/22|2020/21|
|---|---|---|---|---|---|
|Independent|Examiners fees for reporting||on the accounts|750|750|
|Other fees paid to the Independent||Examiner||||
|Total amount|paid|||750||



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||Manse|New Places for|DEE|Crfiiack|Cranbrook|Seed Corn|Total||
|---|---|---|---|---|---|---|---|---|
|||raw people .|||||||
|From General Funds|9750|||2000|||11750||
|From/(To)<br>DAF||50000|30000||48000|20000|148000|I|
|Total transferred|9750||30000|2000|48000|20000|159750|I|



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||||Units|2021/22|202$21|
|---|---|---|---|---|---|
||Trustees interest Fund|||5501|5501|
||CFBManaged<br>Fixed Interest Fund||5251|9515|11175|
||Total|||15016|16676|
||Income earned<br>on Investments|for the year||120|125|
||Change<br>in the carrying value ofInvestments:|||2021/22|2020/2021|
||Carrying<br>value brought forward|||16876|16890|
||Additions/<br>disposals<br>and income less expenditure||||0|
||Unrealised<br>net (loss) gain on revaluation|||/1660|-214|
||Carrying<br>value carried<br>forward|at 31August 2019||15O16|16876|
|13|Debtors and prepa<br>ments|||||
||Debtors were made up as follows:|||2021/22|2020/21|
||Assessments<br>from Circuits||||3314|
||Other debtors||||1044|
||Total (net)|||0|4358|
|14|Creditors and accrued expenses|||||
||Amounts<br>due in less than|12months||2021/22|2020/21|
||Accrued Expenses|||23935|2397|
||Grants payable to third parties|||37000|48000|
||Oiher Creditors||||184|
|||||60935|50581|
||Amounts<br>due in more than 12months|||||
||Grants payable to third parties|||26000|34000|





|15|Funds in detail||||||
|---|---|---|---|---|---|---|
|||Opening<br>Balance|Incoming<br>Resources|Resources<br>Expended|.Transfers<br>8 adjs|Closing<br>Balance|
||Designated<br>Funds||||||
||Mense Fund||||||
||Running<br>costs, maintenance<br>and<br>repair ofthe District Manse|14363|800|-14638|9750|10275|
||Rural Chaplaincy<br>Fund||||||
||Tc Fund the rural chaplaincy<br>co-|||0|25000|75000|
||ordinator<br>project||||||
||OEEFund||||||
||Tofund the post of District|77004||-63512|-13492||
||Evangelism<br>Enabler||||||
||Cuttack Fund||||||
||Tolacllitate the Cuttack Diocese|11000|||0|11000|
||nsrlnershlc<br>youth FulNf<br>Ongoing<br>support ofyouth work and|5054|||0|4664|
||Cranbrook Project<br>I V vuppUI<br>I u m IUVul ul'Ull lul uusl<br>project in the new Cranbrook||0|-'l2000|12000|36000|
||rnmm<br>v||||||
||Seed Com Project||||||
||To support post Covid initiatives|20000|0|-6750|0|13250|
||New Places for New People||||||
||Tofacilitate bringing<br>the Gospel<br>of Christ toas many people as|50000||0|60000|100000|
||possible.||||||
||Transforming<br>Conversations||||||
||To support the work the New|||0|-103492|103492|
||Places for New People project||||||
||Total Designated<br>Funds|263421|800|-97400|186750|353571|





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|Restricted<br>Funds|||||||
|---|---|---|---|---|---|---|
|CCiC Fund|||||||
|Support ofdevelopment<br>ofCCiC<br>protect||20717|0|-6110|0|14607|
|Cuftack Fund (restricted)|||||||
|Tofacilitate the Cuttack Diocese||1828|||0|1828|
|partnership|||||||
|Cutfack Appeal|||||||
|To support work ofCuttack Diocese|||||||
|induding<br>the Christian<br>Hospital|at|40|12295|-5177|0|7158|
|Berhampur|||||||
|Emergency Fund No 1|||||||
|Benevolent fund for the benefit|of||055|-3990|67|10976|
|Emergency Fund No 2|||||||
|Support ofthe widow ofRev I|||||||
|Thompson.<br>Income transferred|to EF|16674|120|-1712|-67|15016|
|No1 (see also note 12)|||||||
|Extending<br>Discipleship,<br>Exploring||Vocation (EDEV)|||||
|To fund individual<br>exploration|of||||||
|vocation and discipleship<br>training of||13232|||0|13232|
|ley people|||||||
|Ministerial<br>Training Fund|||||||
|Tofund training<br>and ongoing<br>development<br>ofordained<br>ministers||9303|||||
|Rural Chaplaincy<br>Fund|||||||
|Rural chaplaincy<br>project||57554|9613|-34330|25000|57837|
|Total Restricted Funds||133692|22563|-51319|25000|129957|





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