CIRCUIT RECEIPTS AND PAYMENTS ACCOUNTS THE METHODIST CHURCH STANDARD FORM OF ACCOUNTS West Durham Circuit FOR THE YEAR ENDED 31 AUGUST 2021 Darlin on District Circuit no 12 Registered Charity - Charity Rogistration number 1134893 If not a registered charity Her Majosty's Revenue and Customs Glft Ald number (The HMRC number is equNalenl to a registered chartty number in temis of e¥en(£ of d)aritable ststus and may be used to give lo donors or grant ft1nde wishing to see evidence of the organisation's eharitsble ststus. Methodist charities in England and Wales that are not registered charities are excepted from registration under Slalutory Instrument 2014 No.2421 Minister5". Rev ChrISther Humble Rev Les Nwin Circuit Stewards.. David Dixon Judith BainbridAe Ffank Bell David DFxon Treasurer. Pamela Ha 2015 Circuit R and P.xLs
| Receiots | Paym.ents | |
|---|---|---|
| Assessments 114,318.00 Printing 706.09 DisEictGrant 2,000.00 Donations 1,000.00 Insurancerefunds 1281.25 CouncilTlxrefimd 649.35 |
DistictAssessment Stipends Ministersallowances Preaching olpetrses Manses-General Repairsetc |
34,080.00 77,935.64 3,805.46 88.50 10,362.55 5,941.50 |
| El*tricityrefrmd-Taugmere75.12 N.Waterrefund-Tbngmere77.89 Barclayrewards 23.43 |
Telephone Postage Printing&stationery |
1,429.92 211.52 706.34 |
| Loanrepayment-Tiinity3,500.00 HMRC 2,336.74 Prayerhanbooks 49.80 RentTbngmere 6,000.00 TransferfromTMCP35,000 00 llowden-le-Wearrefund 540.00 |
Resources YouthWbrker SupportWork:;" Office Bankcharges Apprenticeshiplevy |
932.24 18,292.96 7,734.04 1,467.76 190.90 474.84 |
| Transferfrom lY/dalemission500.00 | Admincharge | 480.00 |
| fromWillinglon/topay Pastoral[orker 5,592.00 |
PastoralWorker Thngmere |
7,394.80 478.14 |
| HowdenleWear | 3,887,73 | |
| Byers Green | 72.00 | |
| WeardaleMission | 427.96 | |
| InterestCFB General23.53 Reserve105-47 129.00 |
Districtgrant Equipment @ionne) |
334.41 3,596.57 |
| 2173J78.63 | f180325.74 |
| Excesspayments overreceipt | f6,547.11 |
|---|---|
| Balance brofirdl"September2}2A | |
| Barclays Current account | 10,002.79 |
| Central FinanceBoard | |
| Generalaccomt | 23,071.75 |
| Reserveaccount | 76,701.33 |
| Deductdeficitfor year | 6,547.11 |
| Balancesat1$September 2021 | |||
|---|---|---|---|
| Barclays Current account | 20,7t5.54 | ||
| Central FinanceBoard | |||
| General account Reserveaccount |
5,706.42 76,806.80 |
f,103.228.76 | &:P,^lt |
vtst DfiaM Cir¢uli No 12 Balance Sheet as at 31 August 2021 G•ny41 Fvnd Tota16 20120 Fur 2020121 IUnrv¥lr Fbxed Aaa•ta Cilcuit Msrtses & Etyiw) Invesbiwrt$ 950,00tr currnTrtAvth Lo•i¥ bythg Cirwft lTrvestmgrrt$wth C•ntral Financ& Bowd 16192 1W.414 ¥J.897 20.715 281,026 142,989 111.640 10.WJ 254,632 .$13 20.715 103. 11.3U4 cath * 8wk In han¢ 165.1? 11,3M Curr•rtli•bilrn Cr¢drt¢rsiduO UjFr 1 ywl Grants psyablp 20221 103228 1W182 11m4 2UI,D26 254,632 1W19 1B31,026 1,214632 LOn8twTh IWilbllp5 (due afterm¢)re than onÈ Ctart5 pay8blB aft•r20a>21 LO#i0tt 1.0$3228 165,192 11.3ts4 1.231,026 t,214632 Fund• olth• C¢u General Fund Iunrethkndl modTnjslF1d (Unr¢n(l nJ FLrtd$ Iurtre#n¢tedi I,220 1.053.228 165.192 1.C69.776 141.789 t65.192 1.219.642 11.3B4 1.202.765 I17 R8thXed Fund Totsi Fu 1.053,22B 165,192 1.231.026 1,214,632 SvJned Cirixjit Tieasurer
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b) The support of a ministy team of three presbyter ministers, Youth work employee and Administrative staff c) The Maintenan of three Circuit Manses, one of which is rented out. Financial Management The Circuit assessment is reviewed annually and covers the annual revenue costs including the costs of 1 (a) to 1 (c) above. Provision is made for property maintenance and any fluctuations in current or future staffing levels. The renting out of one property contributed £6.000 to the charity's income during the year. The Circuit Fund (Unrestricted General Fund) Under Standing orders the Circutt must meet its financial obligations in relation to the support of its ministers. the rna1ntenan of manses and the support of the District as well as meeting associated revenue costs. The total cost for the financial year was £180.325. Our reserves policy during the year was to hold between 6-12 months expenditure in hand due to uncertainties facing the charity in its structure. staffing, number of churches and adverse covid infiuences. Model Trust Fund (Restricted) The balan of the Model Trust Fund at the end of the year was £166,413. This fund derives from the sale of church buildings and manses and is restricted by the Methodist Conferen. This restriction is an internal regulation though the fund can be used for a variety of purposes. During the year the receipt from the sale one church was reived. Weardale Mission Fund (Restricted) The balance of this fund is £11,384. During the year rts purpose was reviewed to give clarty on its future use which is eamiarked for mission opportunities in Weardale. Designated Funds The Charity Commission requires that Trustees set a policy for the management of the Circuit Funds. The total funds held at the end of the year were £281.026 and have been earmarked as follows: Reserves Fund £175,000 - to be reviewed in 2021r22 Mission Fund £11,384 Current Accounts £16,049 Capital Receipts (£78,593) eamiarked for post covid risks and priorities and to address fluctuating staffing costs from September 2021 Managing Trustees West Durham Methodist Circuit