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2021-08-31-accounts

STANDARDREPORT AND ACCOUNTS
(ACGRUALS BASIS)
forthe year ended31August2021
Circuit
NewRiver
Registered Charity-Registration number 1135316
London
District No/CircuitNo		 35122
Ministers
RevStephenPoxon
RevThurairaiahSamuel
Rev RupertWeekes
Rev Robert Maginley
Sister Myrtle Poxon
Rev[VlatthewLunn
CircuitStewards
ChristineUjah
Evadne Cameron
KeithCoates
TinaNartey
Tony Adoo
JohnKoomson
TinaNartey
Gircuit Treasurer

Active Circuit Ministers RevStephen Poxon
RevThurairajahSamuel
RevRupert Weekes
RevRobert Maginley
DeaconMyrtlePoxon
RevMatthewLunn
CircuitStewards Ms Evadne Cameron
MsChristineUjah
MrKeithCoates
MrTonyAddo
MrsTinaNartey
MrJohn Koomson
Administrator: MrsBevCombes

$tatementofFinancialActivities(SOFA)fortheyearended31August2020
Notesto
CircuitModelDesignated
the
GeneralFund Trust
FundsRestricted		 $tatementofFinancialActivities(SOFA)fortheyearended31August2020
Notesto
CircuitModelDesignated
the
GeneralFund Trust
FundsRestricted		 $tatementofFinancialActivities(SOFA)fortheyearended31August2020
Notesto
CircuitModelDesignated
the
GeneralFund Trust
FundsRestricted		 $tatementofFinancialActivities(SOFA)fortheyearended31August2020
Notesto
CircuitModelDesignated
the
GeneralFund Trust
FundsRestricted		 $tatementofFinancialActivities(SOFA)fortheyearended31August2020
Notesto
CircuitModelDesignated
the
GeneralFund Trust
FundsRestricted		 Endowment Total
accounts (Unrestricted)
ttEtt		 (Unreetricted){unrestricted} Funds Funds 2019-20
I
lncome
1Donationsand legacies U
2lncomefrom monetary investments 1,491 1,O14 2,505
3lncomefrom investmenlproperties 0
4AssessmentsonChurches 364,462 364,462
5CapitalReceipts 0
6Grantsreceived 0
7Other charitable income 24,327 586 24,913
8Total income 390,280 1,O14 586 391,880
Expenditure
9Grantsanddonations		 0
'10Salaries andassociated costs 212,520 212,520
11Propertymaintenance 7,361 7,361
12 Connexionalassessment& modeltrust levy 0
13 DistrictAssessment & Levy 8s,984 24,004 109,988
14 Depreciation 0
15 Officeexpenses 8,088 8,088
16Other outgoings 34,782 260 1,650 36,692
17Totalcharitable expenditure 341,374 24,264 9,01'l 0 374,649
18Gainsl(losses) on monetary investments 0
19Gains/(losses)oninvestment properties
20 Natincomer(expenditure) 48,906 -23,250 3,425 0 0 17,231
21Transfersbetweenfunds -48,900 48,900 0
22Othergains(losses)
23 Netmovementinfunds		 6 -23,250 40,475 0
0
17,231
24Totalfunds brought forward 2,080,051 130,083 168,700 2,378,834
25Total fundscarriedforward 2,080,057 106,833 209,175 2,396,065

StatementofFinancialActivities(SOFA)for theyearended31August2021
Notesto
CircuitModelDesignated
the
GeneralFund Trust
Funds
Restricted		 StatementofFinancialActivities(SOFA)for theyearended31August2021
Notesto
CircuitModelDesignated
the
GeneralFund Trust
Funds
Restricted		 StatementofFinancialActivities(SOFA)for theyearended31August2021
Notesto
CircuitModelDesignated
the
GeneralFund Trust
Funds
Restricted		 StatementofFinancialActivities(SOFA)for theyearended31August2021
Notesto
CircuitModelDesignated
the
GeneralFund Trust
Funds
Restricted		 StatementofFinancialActivities(SOFA)for theyearended31August2021
Notesto
CircuitModelDesignated
the
GeneralFund Trust
Funds
Restricted		 StatementofFinancialActivities(SOFA)for theyearended31August2021
Notesto
CircuitModelDesignated
the
GeneralFund Trust
Funds
Restricted		 Endowment Total
accounts (Unrestricted) (Unrestricted)(unrestricted)Funds Funds 2020-21
fttt t €
lncome
1Donationsandlegacies 0
2lncomefrom monetary investments 322 347 669
3lncomefrom investmenlproperties 0
4AssessmentsonChurc-hes 351,676 351,676
5CapitalReceipts
6Grantsreceived		 0
0
7Othercharitable income 33,309 33,309
BTotal income 385,307 347 385,654
Expenditure
9Grantsanddonations		 0
10Salariesandassocialed costs 218,305 2{8,305
11 Propertymaintenance 27,634 27,G34
"12Connexionalassessmenl& modeltrust levy 0
13 DistrictAssessment & Levy 94,424 2,842 97,266
14 Depreclation 0
15Ofiice expenses 10,008 {0,008
16 Otheroutgoings
17Total charitable expenditure		 35,064
357,801		 214
3,055		 2,500
30,134		 0 0 ?7,778

390,990
18Gainsl(losses) on monetary investments 0
19Gains(losses) on investmentproperties
20Netincomel{expenditure} 27,506 -2,708 -30,134 0 0 .5,336
21Transfersbetweenfunds -27,500 -5,000 32,500 0
22Othergainsl(losses)
23Netmovementinfunds 6 0
24Totalfunds brought forward 106,833 209,175 2,396,065
25Total funds carriedforuard 2,080,063 99,125 211,541 2,390,729
Balance Shee t as at31Au gust2A 2 l
General Fund Gircuit Model Designated Restricted Endowment Totals Tolals
(Unrestricted) Trusts Funds Funds Funds 2020121 2A19t20
Notesto the (Unrestricted) (Unrestricted)
Accounts t e c- t L c €
FixedAssets
Circuitl\4anses& Equipment 2,080.000 2,080,000 ,.080,0001
lnvestmentproperties 0
lnvestments 0
Iotal lTxedassets 2,080,000 0 0 0 0 2,080,000 I
e,ooo,oool
Current Assets ___1sp66l
Debtors 18,274 to,zto
Loansbythe Circuit 0
lnvestments with TMCP 99,125 99,'125 too,ggzl
Contral Finance Board Deposits 67,917 21',t,541 279,458 zoz,s+ol
Cash at Bank and inhand
Totalcurrantassets		 4,248
90,441		 99,125 211,541 0 0 4,248
401,107		 I 4rdi

sgo,oozl
Currentliabilities
Creditors (dueinunde Iyear)
,
.r I.1lr:tt.i, .rii I.,:
I I
r'irl;t/ trijtr!i:I		 ir.tjlii il!:3 90,378
90,378		 a 0 s so,ezeI
ol
go,azel		 I
I
63 9S,125 211,541 0 0 tto,tzsl i sr o,oos
Iofalassers,ess current 9S, 2',t1,541 I
z"rgop,sst
Longterm liabilities
{dueafter more thanone year}
..
rL_1.. l'r:ii
r;-.		 ! .a : 0
,r:rr..
',..
i,.i		 0
0
&li;rs5f$ 2,080,063 99,125 211,541 0 0 2,390,7,
FundsoltheCircuit
General Fund (Unrestricted) 2,080,063 2,080,063
Circuit Model Trust Fund(Unrestricted) 99,125 130,083
Designated Funds (Unrestricted) 21',t,541 211.U1 168,700
TotaIUnrestrictedFunds 2,390,729 2,378,846
Restricted Funds ol I 0
Endowment Funds ul 0
TotalFunds 2,080,053199,1251211,541 ol oI z,3so.72s 2,378,846

New Circuit
4. Donations andlegacies Unrestricted CircuitModel
TrustFund		 Restricted 202L
Total		 2020
Total
f000 f000 f000 f000
Donations
Legacies
Total
5.Charitable activities-
other		 Unrestricted CircuitModel
TrustFund		 Restricted 2021
Total		 2A20
Total
f000 f000 f000 €000
Charitable activities-Other1
Charitable activities-Other2
Charitable activities-Other3
Total
6.Othertrading activities Unrestricted CircuitModel
TrustFund		 Restricted 202L
Total		 2020
Total
f000 f000 f000 f000
Lettings (Propertyname)-1
Lettings (Propertyname) -2
Lettings(Propertyname) -3
Lettings (Propertyname)-4
Miscellaneous1
Misceilaneous2
Miscellaneous3
Miscellaneous 4
Total
7.lnvestmentincome Unrestricted CircuitModel
TrustFund		 Restricted 202L
Total		 2024
Total
f000 f000 f000 €000
CentralFinance Board U 0 t
Rentalincome
Other
Total 0 0 L
NewRiver Circuit
8.Payment to Trustees Thisyear Lastyear
Payments madeto trusteesforadditionalservicesprovided to the Circuitbyagreementwith
the Circuit Meeting f 0 0
Number of trustees who werepaid expenses 0 0
Natureoftheexpenses
Expensepayments primarily relatetoreimbursementfortravel and computingcosts
Total amountpaid
9.Feesforexaminationorauditoftheaccounts
lndependent examiner's orauditors'fees forreportingontheaccounts
f 2s0 2s0
Otherfees(eg:advice,accountancyservices) paidtothe independent examiner orauditor f
f 2s0 2s0
f
0 0
10. Paidemployees
StaffCostspaid during the yearwere:
Grosswages, salariesand benefits in kind t
154,233 L62,724
Employer's Nationallnsurance costs
15,030 14,560
Pension costs E
4t,tgt 40,77L
Total staffcosts €
220,454 217,395
Averagenumberofstaffemployeed duringtheyear
were: 7 7
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Analysisof investmentmovements
Thisyear Prev
lnvestments listedon a recognised StockExchange
Investments heldincommon investmentfunds,
Securitiesnot listedon a recognised StockExchange
Other investments
Total
ininvestmentvalues
Carrying(market) value at beginningofyear
Add: additionstoinvestments atcost
Less:disposalsat carrying value
Netgain/(loss) on revaluation
Carrying(market)value at endofyear
NewRiver Circuit
Thisyear
Lastyear
€ f
L8,276 18,066
L8,276 18,066
4,248 4,362
4,248 4,

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tedamount forthesuleperiodasfo
llows:
Staff(losts
ManseCosts		 {
1,000l_ess
7.500Le'ss
Postage
CircuitAdministrator
CircuitRevival		 2,000\tlore
4,500Less
2.500L.ess
(ltherCosts 3.000Less