2021-08-31-accounts - Wey Valley Methodist Circuit

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Addlestone Methodist Church		19	(23)
8yflect Methodist Church		59	(67)
Cranleigh Methodist Church		45	(47)
Godalming United Church		134	(139)
Guildford Methodist Church		38	(38)
Knaphill Methodist Church		72	(72)
Merrow Methodist Church		69	(72)
St Michael's Ecumenical Church, Sheerwater		21	(21)
Stoughton Methodist Church		27	(29)
Walton-on-Thames Methodist	Church	65	(67)
West Horsley Methodist Church		14	(17)
Weybridge Methodist Church		26	(28)
Trinity Methodist Church, Woking		121	(133)

Rev Keith Beckingham
Rev David Faulkner
Rev Asif Das
Rev Samantha Funnell
Rev Adam Pa~e
Rev Sydney Samuel Lake
Rev Alan Taylor
Rev Barrie Tabraham
Rev Peter Hills

Statement of Fin	a	nc	ial	Activities	(SOFA) for the year	(SOFA) for the year	ended	31August 2021	31August 2021
							Circuit	Designs
					Notes to	General	Model	ted
					the	Fund	Trust	Funds
					account	(Unrestrict	(Unrestr	(unrestri	Total	Total	2019.
					s	ed) f	icted) f	cted) f	2020-21 f		20 f
Income
1 Donations and legacies									0		0
2 Income from monetary	investments				8	679	129		808		5,344
3 Income from investment		properties		- lettings	7				0		8,938
4 Assessments on Churches					0	379,404			379,404		379,404
5 Capital Receipts									0		0
6 Assistant Chair Allowance						13,860			13,860		0
7 Other charitable income					7	104			104		26549
8Total income						394,046	129		394,175	420,235
Expenditure
9 Grants and donations					12	62,888			62,888		325,056
10Salaries and associated	costs				11	256,725			256,725		197,203
11 Expenditure on property						27,421		48,826	76,247		58,555
12Connexional assessment		&	model	trust levy		12,055			12,055		21,228
13District Assessment & Levy						70,512	2,021		72,533		73,266
14 Depreciation									0		0
15Office expenses						22,625			22,625		24,194
16Other outgoings								1,374	1,374		0
17Total charitable expenditure						452,226	2,021	50,200	604,447		699,502
18Gains/(losses) on monetary			investments				921		921		-90
19Gains/(losses) on investment			properties
20 Net income/(expenditure)						48,180	-971	-50200	-109350	-279,357
21 Transfers between funds									0		0
22 Other gains/(losses)						200,000			200,000		0
23 Net movement in funds						141,820	-971	-50,200	90,660	-279,357
24 Total funds brought forward						4,901,242	85,865	59,895	5,047,002	5,326,359
25Total funds carried forward						5,043,062	84,894	9,695	5,137,651	5,047,002

							Circuit	Designs
					Notes to	General	Model	ted
					the	Fund	Trust	Funds
					account	(Unrestrict	(Unrestr	(unrestr	Total
					s	ed) E	icted) 5	icted) 6	2019-20 f
Income
1 Donations and legacies									0
2 Income from monetary	investments				8	5,018	328		5,344
3 Income from investment		properties		- lettings	7	8,938			8,938
4 Assessments on Churches					6	379,404			379,404
5 Capital Receipts									0
6 Assistant Chair Allowance									0
7 Other charitable income					7	28,549			26,549
8Total income						419,909	326		420,235
Expenditure
9 Grants and donations					12	325,056			325,056
10Salaries and associated		costs			11	197,203			197,203
11 Expenditure on property						58,555			58,555
12Connexional assessment		&	model	trust levy		21,228			21,228
13District Assessment & Levy						73,286			73,266
14Depreciation									0
15Office expenses						24,194			24,194
18Other outgoings									0
17Total charitable expenditure						699,502	0	0	699,502
18Gains/(losses) on monetary			investments				90		-90
19Gains/(losses) on investment			properties
20 Net income/(expenditure)						-279,593	236	0	-279,357
21 Transfers between funds									0
22 Other gains/(losses)
23 Net movement in funds						279,593	236	0	-279,357
24 Total funds brought forward						5,180,835	85,829	59,895	5,328,359
25Total funds carried forward						4,901,242	85,865	59,895	5,047,002

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							General Fund	Circuit	Model	Designated	Totals 2020
							(Unrestricted)	Trust		Funds
								(Unrestricted)		(Unrestricted)
						Notes to the
						Accounts
Fixed Assets
Tan Ibis Rxed assets						13	4,585,000				4 585000	R
Investment ro ertles
Investments						14			5.018		5,018
Total		dxed assets					4,585,000		5,018		4,590,018
Current Assets
Debtors						15	21,411				2'I 411	8
Loans b the District
Investments with TMCP						14	267,481		80.847	16.212	364 540
Central Finance Board De			osits			15	195.574			43,683	239267	T
Cash at Bank and in hand						15	83,931				83,931
Tofsi	current			assets			568,395		80,84'7		Toa,138
Current liabilities
Credltom due in under		1					112678				112578	U
Grants payable within	1	year				17	109,476				109,478	V
Total cunenl liabilities							222,154				222,154
Net current assets/liabilities							346,242		80,847	59,895	485 984
Total assets less current liabilities
							4,931,242		85,865	59,895	5,077,002
Long term liabilities
(due after more than	one		esr
Grants pa able aher more than					I ves	17	30.000				30000
Loans to the District
		Net assets					4,901,242		85,865	59,895	5,047,002	W
Funds ofthe District
General Fund Unrestricted						21.1	4,901,242				4,901 242
District Advance Fund	(Unrestricted)
									55,885		85,866	W
Designated Funds (Unrestricted)						21.2				59,895	aa,aaa
Total Unrestricted				Funds
Restricted Funds						22
	Total Funds						4,901,242		66,885	69,896	6,047,002

			Circuit
6.Assessments on Churches		Unrestricte	Model Trust Fund	2021 Total	2020 Total
Addlestone Methodist Church		11,900		11,900	11900
Byflect Methodist Church		37,130		37130	37130
Cranleigh Methodist Church		22 250		22250	22250
Godalming United Church		69,410		69,410	69410
Guildford Methodist Church		15,570		15,570	15.570
Knaphill Methodist Church		42,270		42 270	42 270
Marrow Methodist Church		35,150		35150	35,150
St Michaels Sheerwater		2,231		2231	2.231
Stoughton Methodist Church		14,173		14173	14173
Walton-on-Thames Methodist	Church	36,600		35600	35600
West Horsley Methodist Church		9 170		9,170	9,170
Weybridge Methodist Church		13,350		13,350	13,350
Trinity Methodist Church		71,200		71 200	71 200
Total		379,404		379,404	379404

12.Grants	and Donations approved by the Circui	t Meeting
		2021	2020
Addlestone	-grant returned	-4615
Byflest
Cranleigh			73076
Guildford			50 000
Bheerwater		50000	1 400
Trinty		17503	160,000
Walton			40 580
Total grants	for the year	62888	325,056
To church's		62 888	325 056
To institutions
		62,888	325,058

Surveyors	(R	I	CS)a Registered V	aluer with exe	prience in th	e area.
					Residential	Other Land	Menses	Fixtures,	Total
					Land			fittings
								and
								equipme
								nt
Balance brou			ht forward				4585 000	22 028	4 607 028
Additions
Revaluations			+/-				200000		200 000
Dis osals-
Transfers *	+/-
Balance carried forward						0	4 785 000	22 028	4,807,028
Accumulated			depreciation
				Basis			SL or RB	RB
				Rate				20%
Balance brou		ht forward						22 028	22 028
De reciation	char efor ear
Revaluations		+/-
Dis osals-
Transfers*	+/-
Balance carried			forward				0	22 028	22,028
Net book value
Brou ht forward							4 585000		4 585 000
Carried forward							4 785 000		4 785 000

							2021	2020
Investments listed		on a reco	nised Stock Exchan e				5 939	5018
Investments held		in common	investment		funds
Securities not listed on a reco			nised	Stock Exchan e
Other	investments	-cash					349 837	364,540
						Total	355,776	369,558
Chan	e in investment values
Car	in market	value at be	innin	of	ear		369,558	437388
Add:	additions to	investments	at cost
Less: dis osals at car in value and				net cash withdrawls			(14,703)	(67,740
Net	ain/(loss on	revaluation					921	(90)
Car	in marked	value at end	ofyear				355,776	369,558

Notes to the Accoun	ts	IIcontinued)
15.Analysis ofcurrent assets				2021	2020
Debtors and prepsyments
Outstanding payments for lay workers
				826'I	1,643
Prepayments and accrued Income				14,019	16,782
Other debtors				3,093	2,986
Total debtom and prepayrnents				26,176	21,411
Analysis ofcash at bank
Bank balance held in 0arclays				24.602	31,427
Bank balance held in CAF Bank				23,980	52,505
Bank balance held in CFB eank				151,947	239,257
Cash In hand
Total cash and eank				200,537	323,180
10.Analysis ofcurrent BabBltles and long tenn creditors				2021	2020
Trade Creditors
Prepaid Assemments				91,991	91,9M
Other Creditors				11,444	20,687
Total Current LiebBltles				103,435	112,670
lya. Grants approved but not paid	due within one year			2021	2020
				0
Sheerwater Church rnofrepalrs				1,4CG	1,400
Sheerwacar church				10,000
Trinity Methodist Church malntelnance		and salaries'		75,000	95,000
Cranlslgh Methodist Church				0	13076
				06,4DD	1D9476
A Grant of590DDD was approved	that	is payable over 3years for contribution	to lay
employees salaries fESD0002019/20, 83D0002020/2021, E300002021/22)
lyb. Grantsapprovedbutnotpalddueafteroneyear				2021	2020
sheerwster Church - 810,000per year tor 4years				40,000
Trinity Methodist Church salaries'					30,000
				40,000	3D,DDD

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