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2020-08-31-accounts

STANDARDREPORT AND ACCOUNTS
(ACCRUALSBASTS)
forthe year ended31August2020
NewRiver
Circuit
RegisteredCharity-Registration number 1135316
London
DistrictNo/CircuitNo		 35122
Ministers
Rev
Poxon
RevThurairaiahSamuel
Weekes
Rev
Rev Robert
Sister Myrtle Poxon
Rev Matthew Lunn
Circuit Stewards ChristineUjah
Evadne Cameron
KeithCoates
Tina
Tony Adoo
JohnKoomson
Circuit Treasurer Tina

Active Circuit Ministers RevStephenPoxon
RevThurairajahSamuel
RevRupertWeekes
RevRobert Maginley
DeaconMyrtlePoxon
RevMatthewLunn
Circuit Stewards Ms Evadne Cameron
MsChristineUjah
MrKeithCoates
MrTonyAddo
MrsTinaNartey
MrJohn Koomson
Administrator MrsBevCombes

Name of Circuit
New River		 Name of Circuit
New River		 Name of Circuit
New River		 Name of Circuit
New River		 Name of Circuit
New River		 Name of Circuit
New River		 CircuitNo 3sl2z
StatementofFinancialActivities(SOFA)forthe yearended31August2020
Notesto
CircuitModelDesignated
the
GeneralFund Trust
FundsRestricted		 Endowment Total
accounts (Unrestricted) (Unrestricted)(unrestricted)Funds
Irtrt
Funds		 2019-20
f
lncome
1Donationsand legacies 0
2lncomefrom monetary investments
3Incomefrom investment properties		 1,491 1,014 2,s05
0
4AssessmentsonChurches
5CapitalReceipts		 364,462 364,462
0
6Grantsreceived 0
7Other charitableincorne 24,327 24,913
BTotal income 390,280 'l,o'14 s86 391,880
Expenditure
9Grantsanddonations		 0
10 Salariesand associated costs 212,520 2't2,520
1'lProperrymaintenance 7,361 7,361
12 Connexionalassessment& modeltrust levy 0
13DistrictAssessment &Levy 85,984 24,A04 109,988
14Depreciation 0
'15Ofiice expenses 8,088
16Other outgoings 260 'l,650 36,692
17Totalcharitable expenditure 341 24.264 1 0 0
18Gainsl(losses) on monetary investments U
19Gains/(losses) on investment properties
20 Netincomer(expenditure) 48,906 -23,250 -8,425 0 0 17,231
21Transfersbetweenfunds -48,900 48,900 0
22Othergainsf(losses)
23Netmovementinfunds 6 0 0 17
24Totalfunds brought forward
25Total fundscarriedforward		 2,080,0s7 106,833 209,175 2,378,834
2,396,065

Name of Circuit
New River		 Name of Circuit
New River		 Name of Circuit
New River		 Name of Circuit
New River		 CircuitNo zs/22
statementofFinancialActivities (soFA)forthe yearended31August201g
I{otesto
CircuitModelDesignated
the
GeneralFund Trust
Funds
Restricted
accounts (Unrestricted) (Unrestrictod)(unrestricted)Funds		 Endowment
Funds		 Total
2018-19
lncome tttt t
1Donationsand legacies
2lncomefrom monetary investments
3lncomefrom investment properties
4AssessmentsonChurches
5Capital Receipts
6Grantsreceived
7Othercharitableincome
BTotl income
Expenditure
IGrantsanddonations		 373,960
1,290
356,670		 1,136
1,610
1,'136		 il
2,426
0
356,670
0
0
17,610
376,706
0
10 Salariesand associated costs
1'1Propertymaintenance
12 Connexionalassessment&model trustlevy		 207,348 53,941 207,348
53,941
0
13 DistrictAssessment &Levy
14 Depreciation
15 Officeexpenses
16Other outgoings
17Total charitable expenditure
'18Gainsl(losses) on monetary investments		 83,831
s,275
38,038		 4,960
'15,298
20.259
3,555
57,496		 0 0 88,791
0
9,27s
56,891
0
19Gains/(losses) on investment properties
20 Netincome{expenditure)
21Transfersbetvreenfunds
22Othergains/(losses)		 35,468 -1
123
-55,886		 0 0 -39,541
0
23 Netmovementinfunds
24f oulfunds brought forward
25Total funds carriedforward		 -182
2,080.051		 123
130,083
168,700		 0 0 2,418,375
2,378,834
Balance Sheet as at31Au gust2020
General Fund CircuitModel Designated Restricted Endowment Totals Totals
(Unrestricted) Trusts Funds Funds Funds 2019120 2018t19
Notestolhe (unrestricted) (Unrestricted)
Accounts E € t t t E
Fixed Assets
Circuit Manses & Equipment 2,080,000 7//,t//r'/.///..///.t://t/,://i//Z 2,080,000 ,.osqoool
lnvestment properties 0
lnvestments 0
Totalfixedesels 2,080,000 0 0 0 0 2,080,000 I z,oso,oool
Current Assets
Debtors 18,066 '18,066 1?Fr8l
Loansbythe Circuit 0
lnvestments withTN4CP 106,832 106,832 rgo osal
Central Finance Board Deposits 58,171 209,175 267,U6 zss.zsal
Cash at Bank andinhand 4,362 4,362 6trr51
Totalcurrentassets 80,599 106,832 209,175 U 0 396,606 I seg,zrzl
Currentliabilities
Creditors(dueinunder1year) 8A,542 80,542
Grants payablevrithin ?0'19-20
T}tal currenlliabiliti*
Netc urrentassels,/Ii ab iIiti es		 80,542
58		 0
106,832		 249,175 0
0		 0
0		 0lI
ao,s+z
aro,ooslI
Iota,assets ,esscurrent liabilities @ 1 I ,,,?,,*4l
Longtermliabilities
(dueafter more thanonevear)
Grantspavableafter2019-20 0
LoanstatheCircilit 0
0
Netassers 2,080,058 {06,832 209,175 0 0 2,396,06
FundsoftheCircuit
General Fund (Un.estricted) 2,080,058 2,080.058 2,080,051
Circuit Model Trust Fund (Unrestricted) 106,832 106,832 130,083
Designated Funds (Unrestrieted) 209,175 209,175 168,700
Tota,U nrestietedFuncts 2,S96,065 2378,A!4
Restricted Funds ol I 0
Endowment Funds ol 0
TotalFunds @ {06,8s21205,175 ol ol 2,3e6,06s 2,378,834

New River Circuit
4. Donations andlegacies Unrestricted CircuitModel
TrustFund		 Restricted 2020
Total		 2019
Total
f000 f000 f000 f000
Donations
Legacies
Total
5.Charitable activities-
other		 Unrestricted CircuitModel
TrustFund		 Restricted 2020
Total		 20L9
Total
f000 f000 f000 f000
Charitable activities-Other1
Charitable activities-Other2
Charitable activities-Other3
Total
5. Othertrading activities Unrestricted CircuitModel
TrustFund		 Restricted 2020
Total		 2019
Total
f000 €000 f000 f000
Lettings(Propertyname)-1
Lettings(Propertyname)-2
Lettings (Propertyname)-3
Lettings(Propertyname)-4
Miscellaneous1
Miscellaneous2
Miscellaneous3
Miscellaneous4
Total
7.lnvestmentincome Unrestricted CircuitModel
TrustFund		 Restricted 2020
Total		 20L9
Total
f000 f000 f000 f000
CentralFinance Board 1,491 L,49L 1,,290
Rentalincome
Other
Total L,49t 1.,491 t,2g0
NewRiver Circuit
aymenttoTrustees Thisyear lastyear
Payments madeto trusteesforadditionalservicesprovided to the Circuitbyagreementwith
the Circuit Meeting f n 0
Number of trustees who werepaid expenses 0 0
Natureoftheexpenses
Expensepayments primarily relatetoreimbursementfortravel and computingcosts
Total amountpaid
f 2so 250
f
0 0
€
L55,976 154,048
f
1,4,377 L4,293
t"
40,673 39,007
€
210,966 207,348
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Analysisof investmentmovements
This Prevyear
lnvestmentsIistedonarecognised StockExchange
lnvestments heldincommon investmentfunds,
Securitiesnotlistedon a recognised StockExchange
Other investments
Total
ch
ininvestmentvalues
Carrying(market)valueat beginningofyear
Add: additionstoinvestments atcost
Less:disposalsat carrying value
Netgain/(loss) on revaluation
Carrying(market)value at endofyear
NewRiver Circuit
Thisyear lastyear
f f
18066 17598
18,066 17,598

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