|Contents|||Page|
|---|---|---|---|
|Report of|the Trustees||3-13|
|Report of|the Auditors||14-17|
|Methodist|Standard
Form ofAccounts||18|
|Statement|of Financial|Activities|19|
|Statement|of Financial|Position|20|
|Cash Flow|Statement||21|
|Notes to the accounts|||22-27|
|Statement|of Financial|Activities 2017-18|28|
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||||Notes to|General Fund|Circuit Model|Cloisters|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||the|(Unrestricted)|Trust|Hall|2021-22|2020-21|
||||accounts||(Unrestricted)||||
|Income and Endowments|from:||||||||
|I
Donations
and legacies||||215|||215||
|2
Income from monetary|investments|||561|1,878|173|2,612|1,599|
|3
Income from investment|properties|||||9,280|9,280||
|4
Assessments
on Churches||||468,062|||468,062|477,959|
|5
Capital Receipts|||||||||
|6
Grants received||||17,000|||17,000|17,000|
|7
Rents receivable||||20,990|||20,990|23,766|
|8Total income||||506,828|1,878|9,453|518,159|520,325|
|Expenditure
on:|||||||||
|9
Grants and donations||||450|||450|4,110|
|10Salaries and associated|costs|||333,497|||333,497|329,D73|
|11Properly
maintenance||||34,968||141|35,109|57,758|
|12Connexional
assessment|&model trust levy||||||||
|13District Assessment
& Levy||||99,936|8,052||107,988|111,700|
|14Depredation|||||||||
|15Office expenses||||3,537|||3,837|3,595|
|16Other outgoings||||81,024|700|9,811|91,535|52,745|
|16b Sale of land|||||||||
|17Total charitable
expenditure||||553,715|8,752|9,952|572+16|558,981|
|18Gains/(losses)
on monetary||investments|||-5,466||SI466|4,952|
|19Gains/(losses)
on investment||properties|||||||
|20Net income/(expenditure)||||-46,884|-12,340||-59,723|-33,704|
|21Transfers
between
funds||||-82|-743|825|||
|22 Other gains/(losses)||||930,500|||930,500|1,380,887|
|23 Net movement
in funds||||883,534|-13,083|326|870,777|1,347,183|
|24 Total funds brought
forward||||6,709,043|245,711|925,984|7,880,738|6,553.555|
|25Total funds cerned forward||||7,592,577|232,628|926,310|8,751,514|7,880,738|
##
||||General|General|Fund|Fund|Chvsdt Model|Cloisters|||Totals||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||(unrestricted)||||Trust Fund|Hall|||2021||
||||||||(unrestricted)||||||
|Fixed Assets|||||||||||||
|Gmult Mantes
BUNdln
589E Ul nWlt|||7||462000||||7462|MO|6 31500||
|invesiulwlt
es|||||||||882|353|882353||
|invesimenis|||||||51 80||51|80|||
|TofnfTrsnrf assam|||||||5 280|8829353|395633||7 70599||
|Cununt Assets|||||||||||||
|Debtms and
ents|||||||||28|492|||
|Invesbnents
wth TMCF|||||||181348||181348||188965||
|Cereal Finance Board
iis|||||137265|||41667|178932||228954||
|Cash at Bank and in hand||||||||2289|||21706||
|||||177914|||181||||||
|Cuwunt|liabilities||||||||||||
|Credltols
dUe in Undu' 1 ear||10|||47|36|||47|336|||
|Grants
ble wshin 2018-19
Toarlcnnent~|||||47|36|||47|6|||
|Netcunnntarnahr|nafnlrbs|||130578|||181348|43957|355882||410139||
|Totsll assear lsnn currant EaMities|||7|592,577||||9|||||
|Loans and aeditom due aner|1year||||||||||||
|Interacts|||7||9 577||23 628|926309|875|14|788073S||
|Funds ofthe Circuit|||||||||||||
|Genwsi
Fund
Unnwirlcted|||4787710||||||4787710||4234|76|
|Gr«uit Madel Trust Fund
Unrestridad|||||||232 628||232 628||245711||
|Revaluation
Reserve
unrestricted|||2804|||7|||2,8042i67||2474|7|
|Goislers
Hall||||||||926309|926310||||
|Toeslllnmsrrrctnrf
Tvnrrts||13|7|||T/7|232628|926309|75|14|||
|Grcuit Model Trust Fund (Unnubicted|||||||||||||
|Desi nated|||||||||||||
|Endowment
Funds|||||||||||||
|Tohri Ftrnrfs|||7||9|577||926309|875|14|||
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|ash Flow Statement for the|year end|ed|31A|u|gust 2022||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||||Note|||
|Cash from operating
acbvities|||||||||
|Net cash used
in operabng
activities|||||||(88,501)|(62,205)|
|Cash flows from investing
activities|||||||||
|Dividends,
interest and rents from investments|||||||23,602|25,365|
|Proceeds from the sale ofproperty,
plant and equipment|||||||||
|Purchase of property,
plant and equipment|||||||||
|Purchase of intangible
assets|||||||||
|Proceeds from the sale of investments|||||||||
|Purchase of investments|||||||||
|Other|||||||||
|Net cash provided
by invesbng
acbvities|||||||23,602|25,365|
|Cash flows from financing a*ivities|||||||||
|New borrowing
- loan made to North wafford|||||||||
|Repayments
ofborrowing|||||||||
|Net cash used in financing activities|||||||||
|Other Cash Flows|||||||||
|Cash and Cash Equivalents
—Cloisters
Hall|transferred|to the|Circuit||on 1 April 2021|||40,034|
|Change in cash and cash equivalents|in the reporting||period||||(64,899)|3,194|
|Cash and cash equivalents
at the beginning|ofthe reporting||period||||439,625|436,431|
|Cash and cash equivalents
atthe end|ofthe reporbng||period||||374,726|439,625|
|Reconciliabon ofnet income to net cash flow from o|||cretin||activities||||
|Net income for the reporting
period (as per statement||offinancial||activities)|||(59,723)|(33,704)|
|Adjustments
fol'i|||||||||
|Depreciation
and amoitisation
charges|||||||||
|Profit on the sale offixed assets|||||||||
|Loss on the sale offixed assets|||||||||
|(Gains)/Losses
on investments|||||||5,466|(4,952)|
|Dividends,
interest and rents from investments|||||||(23,602)|(25,365)|
|Decrease/(increase)
in stacks|||||||||
|(increase)/decrease
in debtors|||||||(3,810)|15,627|
|increase/(decrease)
in creditors|||||||(6,833)|(13,811)|
|Net cash used in operating
acgvities|||||||(88,501)|(62,205)|
|Anal sis ofcash and cash e uivalent|||||||||
|Cash in hand|||||||14,446|21,706|
|Short term deposit (less than 3 months)|||||||360,280|417,919|
|Total cash and cash equivalents|||||||374,726|439,625|
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|4 Payments to|Trustees||||||
|---|---|---|---|---|---|---|
|||||2022||202||
|Payments
made|to Trustees for additional
services provided|||Nil||Nil|
|to the Circuit|||||||
|Number ofTrustees who were paid expenses|||||||
|These expenses|include travel costs, preaching|fees paid to|||||
|Supernumerary|Ministers,
and reimbursement|of payments|||||
|made on behalf|ofthe Circuit||||||
|Total amount
paid|||E|2/545|E|4,931|
|5Fees for examination
or audit ofthe accounts|5Fees for examination
or audit ofthe accounts||2022||2021|
|---|---|---|---|---|---|
|Auditor's fees for reporting
on the accounts|||E4,200|E3,800||
|Other fees (e.g. advice, accountancy
services)|paid to the auditor||Nil||Nil|
|6Paid employees|||2022||2021|
|Staffcosts paid during the year were:||||||
|Gross wages, salaries and benefits
in kind||E252,542||E249,655||
|Employer's
National
Insurance
costs||E|21,611|E|20,704|
|Pension costs||E|57,608|E|57,795|
|Payroll Bureau Fee||E|480|E|480|
|Apprenticeship
Levy||E|1/256|E|1,416|
|Total staff costs||E333,497||E330,050||
|Average number ofstaff in the year:|||12||12|
|(comprising
seven full time and five part-time|staff)|||||
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||||Manses
lk|Equipment|Investment|Total|
|---|---|---|---|---|---|---|
||||Buildings||Property—
Cloisters|(Restated)|
||||||Hall||
|Balance|brought forward||6,531,500|2,919|882,353|7,416,772|
|Additions|(Markyate|Church)|600,000|||600,000|
|Revaluations|||330,500|||330,500|
|Disposals|||||||
|Transfers|||||||
|Balance|carried forward||7/462/000|2/919|882,353|8,347/272|
##
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|8Investment
assets|||||||
|---|---|---|---|---|---|---|
|Analysis ofinvestments|||||Bid Price||
||||||at year end
f||
|Investments
listed on a recognised|Stock Exchange|||or held in|Nil||
|common
investment
funds, open ended||investment||companies,|||
|unit trusts or other collective investment||schemes|||||
|Securities not listed on a recognised|Stock Exchange||||Nil||
|Cash held as part ofthe investment|portfolio||||Nil||
|Other investments|||||51,280||
|Total|||||51,280||
|Change
in investment
values|||||||
|Carrying
(market) value at the beginning||ofthe year|||56,749||
|Add: additions to investments
at cost|||||Nil||
|Less: disposals at carrying
value|||||Nil||
|Add/(deduct):
net gain/(loss)
on revaluation|||||(5,466)||
|Carrying
(market) value at the end|ofthe year||||51,280||
|9Debtors|||||||
||||||2022
f|2021
f|
|Sundry debtors 8 prepayments|||||28,492|24,682|
|Principally
reflecting
ministerial
stipends||paid|in advance.||||
|10Creditors due within one year|||||||
||||||2022
f|2021
f|
|Sundry creditors
ik deferred
income|||||47,336|54,169|
|Name of Circuit|||Circ|uit No
||||
|---|---|---|---|---|---|---|---|
|West Hertfordshire
and Borders||||34/14||||
|Statement ofFinancial Achvities (SOFA) forthe year ended||||||||
|31August 2021||||||||
||Notes to the
accounts|General Fund
(Unrestricted)|Circuit Model
Trust
(Unrestricted)||Cloisters
Hall|Total
2020-21||
|Income||||||||
|1
Donations
and legacies||||||||
|2
Income from monetary
investments||||1,329|2||1,599|
|3
Income from investment
properties
4
Assessments
on Churches||47/,959||||477,959||
|5
Capital Receipts
6
Grants received||17,000|||||17,000|
|7
Rents receivable||18,387|||5,379||23,766|
|8Total income||513614|1329||5381|520325||
|Expenditure||||||||
|9
Grants and donations||4,110|||||4,110|
|10Salaries and associated costs||329,073||||329,073||
|11Property maintenance||57,620|||138||57,758|
|12 Connexional
assessment
&model trust levy||||||||
|13 District Assessment
lk Levy||103,220||8,480||111,700||
|14Sale of Land||||||||
||||||||3,595|
|15Office expenses||3,595||||||
|16Other outgoings||47,425||498|4,822||52,745|
|17Total charitable
expenditure|||8977||4960|558981||
|18Gains/(losses)
on monetary|investments|||4,952|||4,952|
|19Gains/(losses)
on investment|properties|||||||
|20Net income/(expenr(iture)||-31,430|-2,696.||421||-33,704|
|21Transfers between
funds||-2,694||-482|3,176|||
|22 Other gains/(losses)||458,500|||922,387|1,380,887||
|23 Net movement
in funds||424376|-3177||925984|1|347182|
|24Total funds brought
forward||6,284,666|248,888|||6,553,554||
|25Total funds carried forward||6709043|245711||925,984|7|880737|