## |Contents|||Page| |---|---|---|---| |Report of|the Trustees||3-14| |Report of|the Auditors||15-18| |Methodist|Standard
Form ofAccounts||19| |Statement|of Financial|Activities|20| |Statement|of Financial|Position|21| |Cash Flow|Statement||22| |Notes to the accounts|||23-28| |Statement|of Financial|Activities 2017-18|29| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Notes to|General Fund|Circuit Model|Cloisters|Total|Total| |---|---|---|---|---|---|---|---|---| ||||the|(Unrestricted)|Trust|Hall|2022-23|2021-22| ||||accounts||(Unrestricted)|||| |Income and Endowments|from:|||||||| |1
Donations
and legacies||||||||215| |2
Income from monetary|investments|||5,715|28,393||34,108|2,612| |3
Income from invesbnent|properties|||||1,075|1,075|9,280| |4
Assessments
on Churches||||458,551|2,713||461,264|468,062| |5
Capital Receipts|||||941,553||941,553|| |6
Grants received||||17,000|||17,000|17,000| |7
Other charitable
income||||36,415|5,897|550|42,862|20,990| |8Total income||||517,681|978,556|1,625|1,497,862|518,159| |Expenditure
on:||||||||| |9
Grants and donations||||56,131|||56,131|450| |10Salaries and associated|costs|||305,232|||305,232|333,497| |11Property
maintenance||||||708|49,149|35,109| |12Connexional
amassment|&model trust levy|||||||| |13 District Assessment
&Levy||||102,676|7,507||110,183|107,988| |14Depreciation||||||||| |15Ofhce expenses||||1,246|||1,246|3,837| |16Other outgoings||||75,743|4,612|8,796|89,151|91,535| |16b Sale of land||||||||| |17Total charitable
expenditure||||589,469|12,119|9,504|611,092|572,416| |18Gains/(losses)
on monetary||investments|||-2,739||-2,739|-5,466| |19Gains/(losses)
on investment||properties||||||| |20Net income/(expenditure)||||-71,788|963,698|-7,879|884,031|-59,723| |21Transfers between
funds||||130,664|-94,586|-36,078||| |22 Other gains/(losses)||||113,000|||113,000|930,500| |23 Net movement
in funds||||171,876|869,112|-43,957|997,031|870,777| |24 Total funds brought
forward||||7,592,576|232,628|926,310|8,751,514|7,880,738| |25Total funds carried forward||||7,764,452|1,101,740|882,353|gi748I545|8I751514| ## |||||||General|Fund|Circuit Model|Cloisters|Cloisters|Totals 2023||Totals| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||(Unrestrl|dad)|Trust Fund|Ha8||||2022| |||||||||(Unrestricted)|||||| ||||||Notus||||||||| |Fixed Assets|||||||||||||| |Grcuit Manses|Buildin
8 E|||i ment||7575000|||||7575000|7462000|| |Investment
o|'es||||||||||882353||882353| |Investments|||||||||||||51280| ||Total IRredassets|||||7~575~000||48~541|882353||8 05 94|8|5633| ||||||||26508||||26508||28492| |Investments
wah TMCP||||||||1053199|||I053199||181348| |Central nuance|Board De|sits||||205 153|||||205 153||178932| |Cash at Bank and in hand|||||||8247||||8247||14446| |Totalcunaot|assets|||||239908||j.053199|||1293107||403,218| ||Current liabilities||||||||||||| |Creditors
due in under I|||ar||10||50456||||50456||47 337| |Grants
ble|within 2023-24||||||||||||| |Total cunant|liabilities|||||50 56|||||50 56||47B37| |net cunuot assets liabilitres||||||189452|||||2
451||355881| |Totalasseia less current|||liabilities|||7,764,452||1101740|882,353||9,748,545|8,751,514|| |Loans and creditors due aRer Iyear|||||11||||||||| |||||||7764 52||1r101740|88 353||9748 545|BI751 14|| ||Funds|ofthe Grcuit|||||||||||| |General
Fund|nrestricted|||||5078938|||882|353|5961291||4787710| |Circuit Model Trust Fund||Unrestrict||||||I101740|||1,101,740||23
628| |Revaluabon
Reserve
Unnslricted||||||2~685 514|||||2 685514||804867| |Goisters
Hall|||||||||||||926309| |Total tlnresbictad
Funrts||||||7,7|452|1101740|88|353|9748545|875 514|| |Grcuit Model|Trust Fund||(Unrestricted||||||||||| ||||Desi nated||||||||||| |Endowment
Funds|||||||||||||| |Total Funds||||||7764452||1101740||353|97
545||75 514| ## ## |Cash Flow Statement for the year ended 31August 2023|Cash Flow Statement for the year ended 31August 2023|Cash Flow Statement for the year ended 31August 2023|Cash Flow Statement for the year ended 31August 2023|Cash Flow Statement for the year ended 31August 2023|Cash Flow Statement for the year ended 31August 2023|||| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| |||||||Note||| |Cash from operating
acbvities||||||||| |Net cash used in operating
acgvities|||||||848,118|(88,501)| |Cash flows from Investing
actfvfifes||||||||| |Dividends,
interest and rents from investments|||||||43,755|23,602| |Proceeds from the sale of property,
plant and equipment||||||||| |Purchase of property,
plant and equipment||||||||| |Purchase of intangible
assets||||||||| |Proceeds from the sale ofinvestments||||||||| |Purchase of investments||||||||| |Other||||||||| |Net cash provided
by investing
activities|||||||43,755|23,602| |Cash flows from financing
activities||||||||| |New borrowing
- loan made to North Watford||||||||| |Repayments
of borrowing||||||||| |Net cash used in finandng
activities||||||||| |Other Cash Rows||||||||| |Cash and Cash Equivalents —Cloisters
Hall|transferred|to the Circuit|||on 1 April 2021|||| |Change in cash and cash equivalents|in the reporbng||period||||891,873|(64,899)| |Cash and cash equivalents
at the beginning|ofthe reporting||period||||374,726|439,625| |Cash and cash equivalents atthe end|ofthe reporbng||period||||1,266,599|374,726| |Reconciliation
ofnet income to net cash flow from o|||erati||activities|||| |Net income for the reporting
period (as per statement||offinandal||activities)|||884,031|(59,723)| |Adjustments
for:||||||||| |Depreciation
and amortisation
charges||||||||| |Profit on the sale offixed assets||||||||| |Loss on the sale of fixed assets||||||||| |(Gains)/Losses
on investments|||||||2,739|5,466| |Dividends,
interest and rents from investments|||||||(43,755)|(23,602)| |Decrease/(increase)
in stodrs||||||||| |(increase)/decrease
in debtors|||||||1,984|(3,810)| |increase/(decrease)
in creditors|||||||3,119|(6,833)| |Net cash used in operating
acbvities|||||||848,118|(88,502)| |Anal sis ofcash and cash
uivalent||||||||| |Cash in hand|||||||8,247|14,446| |Short term deposit (less than 3 months)|||||||1,258,352|360,280| |Total cash and cash equivalents|||||||1,266,599|374,726| ## ## ## ## ## ## ## ## ## ## ## ## |5 Fees for examination|or audit|ofthe|accounts||2023||2022| |---|---|---|---|---|---|---|---| |Auditor's fees for reporting|on the accounts||||E4,500|E4,200|| |Other fees (e.g. advice, accountancy||services) paid to the auditor|||Nil||Nil| |6Paid employees|||||2023||2022| |Staffcosts paid during|the year|were:|||||| |Gross wages, salaries and|benefits|in kind||E230,687||E252,542|| |Employer's
National
Insurance
costs||||E|20,274|E|21,611| |Pension costs||||E|52,541|E|57,608| |Payroll
Bureau Fee||||E|480|E|480| |Apprenticeship
Levy||||E|1,250|E|1,256| |Total staff costs||||E305,232||E333,497|| |Average number ofstaff in the||year:|||||12| |(comprising
six full time and five part-time|||staff)||||| ## ## ## |Analysis ofinvestments|||||Bid Price|| |---|---|---|---|---|---|---| ||||||atyear end|| |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|||||48,540|| |Total|||||48,540|| |Change
in investment
values||||||| |Carrying
(market) value at the beginning|||ofthe year||51,280|| |Add: additions
to investments
at cost|||||Nil|| |Less: disposals at carrying
value|||||Nil|| |Add/(deduct):
net gain/(loss)
on revaluation|||||(2,739)|| |Carrying
(market) value at the end|ofthe year||||48,540|| |9Debtors||||||| ||||||2023|2022| ||||||f.|| |Sundry debtors
lk prepayments|||||26,508|28,492| |Principally
reflecting
ministerial
stipends|||paid in advance.|||| |10Creditors due within one year||||||| ||||||2023
f|2022
f| |Sundry creditors 8 deferred
income|||||50,456|47,336| |Principally
reflecting assessments
paid||in August for||the following|year.|| |West Herifordshire
and Borders|||||34/14|||| |---|---|---|---|---|---|---|---|---| |Statement ofFinancial Acbvities (SOFA) for
31August 2022||the year ended||||||| |||Notes tothe
accounts|General Fund
(Unrestricted)|Circuit Model
Trust
(Unreshicted)||CI i~
Hall|Total
2021-22|| |Income||||||||| |1
Donations
and legades|||215|||||215| |2
lnmme
from monetary
investments|||561||1,878|173||2,612| |3
lnmme
from investment
properbes||||||9,280||9,280| |4
Assessments
on Churches|||||||468,062|| |5
Capital Receipts||||||||| |6
Grants received|||17,000|||||17,000| |7
Rents receivable|||20,990|||||20,990| |8Totalincome|||506828|1878||9453|518159|| |Expenditure||||||||| |9
Grants and donations|||450|||||450| |10Salaries and associated costs|||333,497||||333,497|| |11Property
maintenance|||34,968|||141||35,109| |12 Connexional
assessment
& model trust levy||||||||| |13Disbict Assessment
& Levy|||99,936||8,052||107,988|| |14Sale of Land||||||||| |||||||||3,837| |15Oflice expenses|||3,837|||||| |16Other outgoings|||81,024||700|9,811||91,535| |17Total charitable expenditum|||553715|8752||9952|572416|| |18Gains/(losses)
on monetary|investments|||-5,466||||-5/66| |19Gains/(losses)
on investment|properties|||||||| |20 Net income/(expenditure)|||-46,884|-12,340||-499||-59,723| |21Transfers between
funds|||-82||-743|825||| |22 Other gains/(losses)|||930,500||||930,500|| |23 Net movement
in funds|||883534|-13083||326|870777|| |24Total funds brought
forward|||6,709,043|245,711||925,984|7,880,738|| |25Total funds carried forward|||759 577|23|628|926,310|8|751,514|