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2020-08-31-accounts

Statement
of Finan		 ci al A ctivities ( SOFAI for t he year en ded 31 A ugust 202 0
Notes to Circuit Model
the General Fund Trust Restricted Endowment Total
accounts (Unrestricted) (Unrestricted) Funds Funds 2019-20
E 6 E E E
Income
1
Donations
and legacies		 0
2
Income from monetary
investments		 1,092 1,010 . 0 32 2,134
3
Income from investment		 properties 0
4
Assessments
on Churches		 129,500 0 129,500
5
Capital Receipts		 216,214 216,214
6
Grants received		 .0 0
7
Other charitable
income		 1,164 100,032 101,216
8Total income 131,776 217,225 100,032 32 449,065
Expenditure
9
Grants and donations		 7,252 7,252
10Salaries and associated costs 10 03,278 14,024 107,302
11 Property
maintenance		 12,552 0 12,552
12Connexional
assessment		 & levy on sales 25,969 66,486 0 92,455
13 District Assessment
& Model		 Trust levy (5,729) 3,224 (2,505)
14 Depreciation 0
15Office expenses 4,728 0 4,728
16Other outgoings 11,968 0 11,968
17Total charitable
expenditure		 150,018 69,709 14,024 233,751
18Gains/(losses)
on monetary		 investments 0 0
19Gains/(losses)
on investment		 properties (180,000 0 (180,000)
20 Net income/(expenditure) (198,242) 147,515 86,008 32 35,314
21 Transfers
between
funds		 16 32 32 0
22 Other gains/(losses) 0 0
23 Net movement
in funds		 (198,210) 147,515 86,008 0 35,314
24Total funds brought forward 471,888 114,471 4,864 591,846
25Total funds carried forward 273,478 261,987 86,831 4,864 627,160

Balance Sheet as at 31 Au gust 202 0
General Fund Circuit Model Restricted Endowment Totals 2019
(Unrestncted) Trusts Funds Funds
Notes to the (Unrestricted)
Accounts E
Fixed Assets
Circuit Properties 240,995 240995
Investment
properties
Investments
Total fixed assets 240,995 0 240,995
Current Assets
Debtors 13 9,390 9,390
Loans by the Circuit
Trustee Investment
Fund at TMCP		 261,987 4,863 266,851
Central Finance Board Deposits 60,507 85,076 146,463
Cash at Bank and
in hand		 20,634 854 21,460
Total current assets 90,532 261,987 86,831 4,863 444,213
Current liabilities
Creditors (due in under 1 year) 14 30,548 30,546
Grants payable
within		 2020-21 14 2,500 2,500
Total current liabilities 33,048 33,048
Nat current assets/liabilities 57,483 261,987 86,831 4,863 411,165
Total assets less current liabilities 298,478 261,987 86,831 4,863 652,160
Long term liabilities
(due after more than one year)
Grants payable
after 2020-21		 14 25,000 25,000
Loans to the Circuit
Net assets 273,478 261,987 86,831 4,863 627,160
Funds ofthe Circuit
General Fund (Unrestricted) 13 273,478 273,478
Circuit Model Trust Fund (Unrestricted) 261,987 261,987
Total Unrestricted Funds 535,465
Restricted Funds 85,831 86,831
Endowment
Funds		 4,853 4,863
Total Funds 273,478 261,987 86,831 4,863 627,160

General Fund Circuit Model Restricted Endowment Totals 2019
(Unrestricted) Trusts Funds Funds
Notes tc the (Unrestricted)
Accounts 6
Fixed Assets
Circuit Properties 420,995 420,996
Investment
properties		 0 0
Investments 0 0
Total fixed assets 420,995 O 42O,99S
Current Assets
Debtors 13 6,696 6,696
Loans by the Circuit
Trustee Investment
Fund at		 TMCP 114,472 4,863 119,336
Central
Finance Board		 Deposits 103,214 0 103,214
Cash at Bank and
in hand		 7,100 822 7,922
Total curmnt assets 117,009 114,472 822 4,863 237,167
Current
liabilities
Creditors
(due in under		 1 year) 14 32,817 32,817
Grants payable
within 2010-20		 14 6,000 6,000
Total current liabilities 38,817 38,817
Het current assetsrliabilities 78,193 114,472 822 4,863 198,350
Total assets less current liabilities 499,188 114,472 822 4,863 619,345
Long term liabilities
(due after more than one year)
Grants payable after 2010-20 14 27,600 27,500
Loans to the Circuit
Net assets 471,688 114,472 822 4,863 591,845
Funds ofthe Circuit
General
Fund (Unrestricted)		 471,688 471,688
Circuit Model Trust Fund (Unrestricted) 114,472 114,472
Total Unrestricted Funds 586,159
Restricted Funds 822 822
Endowment
Funds		 4,863 4,863
Total Funds 471,688 114,472 822 4,863 S91,64S

This Year Last Year
4.Office Expenses
Quinquennial
Inspections		 1750
Safeguarding 175 69
1raining (includes apprenticeship levy) 636 750
Administration
Expenses - including		 telephones, printing advertising etc 2,974 4,658
Sundry Expenses 713
Ministerial
Removals		 1,318
Outreach
- plus E2500 ofthef10,000 grant to RoadHog		 already accounted for 230 624
Total Office Expenses 4,728 9,169
5.Other Outgoings
Ministerial
Expenses (Telephone,		 Travel etc) 7270 8260
Supernumary
Expenses		 1,400 990
Insurance Costs 1,143 1,390
Council Tax, Water Charges etc 2,155 3,201
Total Other Outgoings 11,968 13,841
Boston Clrcutt Boston Clrcutt Boston Clrcutt Boston Clrcutt Boston Clrcutt
Circuit
Unrestricted Model
Trust		 Restricted Endowment
6.Investment
income		 Fund Total
4
Year to 31stAugust 2020
Central Finance Board 1,092 1,092
TMCP 1,010 32 1,042
Other
Total 1,092 1,010 32 2,134
Year to 31stAugust 2019
Central Finance Board 610 610
TMCP 736 32 768
Other
Total 610 736 32 1,378
This year Last Year
7.Capital Receipts 8
Sale of Manse (net income) 216,214
Less District/Connexional levies (66,466)
Haven Bank Methodist Chapel Sale of closed church 2,924
Less grants recovered (1,454)
149,728 1,470
8.Payment toTrustees
With the exception ofStipends paid to ministers, no payments were made to trustees for additional
services provided to the Circuit by agreement with the Circuit Meeting
Number
oftrustees who		 were paid expenses This year
~8		 Last year
Nature ofthe expenses
Expense payments
primarily
relate		 to reimbursement for travel costs
Total Amount
Paid		 7,270 7,951
9.Fees for examination or audit ofthe accounts
Independent
examiner's		 or auditors' fees for reporting on
the accounts 50 75
Other fees (eg: advice, accountancy services) paid to the nil nil
independent
examiner		 or auditor
10.Paid employees
(including		 Ministers)
Staff costs paid during the year were:
Gross wages, stipends and benefits in kind 71,610 69,537
Employer's
National
Insurance		 Costs 5,114 5,532
Pension Costs 16,554 14,850
Apprenticeship
Levy is		 included in other outgoings 0
Total Staff Costs 93,276 89,916
Th
e restncted
payment		 ofF14,024 relates to the Fami y Worker at Kirton who the Circuit p a
y		 as an a gency from
the 8100,000 provided by the church at Kirton.
Average
number ofstaff employed		 during the year were
Cost or valuation Year to31stAugust Year to31stAugust 2020
Residential Land Other Land Menses Other buildings Total
6 f 6
Balance brought forward 160,000 140,995 300,995
Additions
2 Marian Road
268 London Road
Revaluations
(+/-)
Disposals (-) -60,000 -60,000
Transfers*(x/-)
Balance earned forward 100,000 140,995 240,995
Accumulated
depreciation
Basis SLor RB SLor RB
Rate
Balance bniught forward
Depreciation
charge for		 year(-)
Revaluations
(x/-)
Disposals (-)
Transfers*
(x/-)
Balance carried forwards
Net book value
Brought forward 160,000 140,995 300,995
Carried
forward		 100,000 140,995 240,995
Cost or valuation Year to 31stAugust 2019
Residential Land Other Land Menses Other buildings Total
6 6 6
Balance brought forward 160,000 120,000 140,995 420,995
Additions
2 Marian Road -120,000 -120,000
268 London Road 140,995 -140,995
Revaluations
(+/-)
Disposals (-)
Transfers*(x/-)
Balance carried forward 160,000 140,995 300,995
Accumulated
depreciation
~Basis SLor RB SLor RB
"*Rate
Balance brought forward
Depreciation
charge for		 year(-)
Revaluations
(x/-)
Disposals (-)
Transfers'
(x/-)
Balance carried forwards
Net book value
Brought forward 160,000 120,000 140,995 420,995
Carried forward 160,000 140,995 300,995

This year Last Year
f f
Investments
listed on a recognised		 Stock Exchange
Investments
held
in common
investment		 funds,
Securities
not listed on a recognised		 Stock Exchange
Other investments
Total
Change
in investment
values
Carrying
(market) value at		 beginning ofyear
Add: additions to investments at cost
Less: disposals
at carrying		 value
Net gain/(loss} on revaluation
Carrying
(markst) value at		 end of year
13.Analysis ofcurrent assets
Debtors and prepayments
Pre paid assessments
and		 other
creditors 30,548 32,817
Outstanding
Grants		 27,500 33,500
Accrued
income
Other debtors 9,390 6,696
Total debtors and prepayments 48,658 59,621
Analysis ofcash at bank
Bank balance
held
in CAF		 Bank Ltd (Includes f854 in Lees
Legacy - restricted) 21,489 7,922
Bank balance
held at CFB		 60,507 103,214
Bank balance held at CFB for Kirton Family Worker (restricted) 85,976
Bank balance held at TMCP Model Trust 261,987 114,472
Endowment
Fund Balance		 help at TMCP Lees Legacy 4,863 4,863
Total Cash and Bank 434,822 230,471
Circuit Properties 240,995 420,995
less debtors
and prepayments		 48,658 59,621
627,159 591,845

14.Analysis of current liabilities
and		 long term creditor
Trade Creditors
Other Creditors - prepaid assessments, credit card balance
and Tax and
Nl due.
Road Hog Project - see note below
Total Current
Liabilities
This Year New This Year New This Year New General General
Grants/Donations Agreed Paid
External		 Paid
Internal
Transfer		 Carried
Forward		 Unpaid
brt fwd		 Paid this
year ext		 Paid this
yearint
trf		 Carried
forward
RoadHog bus project 2500.00 5000.00 2500,00 2500.00
Kirton Methodist
Church		 25000.00 25000.00
Zion Methodist
Church		 3500.00 3500.00 0.00
Gipsey Bridge 7252.00 7252.00
Totals 7252.00 0.00 9752.00 0.00 33500.00 6000.00 0.00 27500.00

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