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2020-08-31-accounts

are exem pted
from regi		 stration
as separa		 te charities u nder Statutory Instrument
201
Axminster Littlernead, Exmouth Temple, Budleigh Salterton
Cheriton Fitzpaine Lympstone Tedburn St Mary
Colyton Ottery St Mary Honiton
Seaton Topsham
Crockenwell Sidmouth Tower Street, Exmouth
Dalwood Sidwell Street, Exeter Whiddon Down
Exminster Silverton Wonford, Exeter

Ministers Rev S.Santry
At any time during Rev J Albrow
the year, Rev P A Collings
Rev W.Grewcock
Rev BJ Hadfield
Rev B.Haslam
Deacon R.Lovatt
Rev A M Varker
Rev S Han (AM)
Circuit Stewards Mrs M Mock, Mr D Bradford
Mrs M Privett
At any time during Mrs BPillidge, Mrs M Cole Mrs C Hemmingway
the year. Mrs M Endacott,
Mrs SJones

Exeter Coast dk Exeter Coast dk Exeter Coast dk Co untry C ir cuit cuit Page 2
Statement ofFinancial Activities (SOFA - for the ear ended 31An st 2020
VI'oo 'I CI'oo
u
Cl
o
IC		 wo Cl IC t
u
te		 'o
Clt		 o
Cle
CI c U oC I cso Total 2019-20 Total 2018-19
Income and Endowments
from:
Donations
and legacies
Charitable
activities
Assessments
or share		 438,227 438,227 477,524
Other (inc Property
Disposal		 proceeds) 131,686 131,686
Other trading activities
- Lettings 22,438 22,438 11,284
—Miscellaneous
Investments 4,696 2,722 7,418 6,608
Other
- inc grants received		 23,000 23,000 25,793
Total 488,361 134,407 622,768 521,209
Expenditure
on:
Sti ends, salaries,
NIC &Pension		 costs 10 265,254 265,254 287,487
District Assessment 110,695 110,695 106,268
Connexional
Pro erty Fund Le		 38,192 38,192
Telephone
&travel		 17,760 17,760 29,324
Insurance,
utilities, etc		 26,623 26 623 27 079
Maintenance
on manses		 34,978 34,978 24,740
Expenditure
on other Circuit property		 1,686 1,686 6,297
Other Expenditure 9,617 598 10,215 13,065
Grantsand
Donations		 21,914 20,000 41,914 77,601
Less grants accounted for in previous years (49,550)
Contributions
to District Advance		 Fund 13,671 13,671 21,769
Total 488,528 72,462 560,990 544,079
Net income/(expenditure) ( 167) 61,946 61,779 ( 22.870)
Transfers between
funds		 ( 603) 603
Tranfers re designated
grants
( 770) 62,549 61,779 ( 22,870)
Other recognised
gains / (losses):
Gains/(Losses)
on revaluation		 of fixed assets 384,768 384,768
Gains/(Losses)
on investment		 assets 955 453 1,408 2,128
Closing balance paid to Anglican Church
Net movement
in funds		 384,953 63,002 447I955 ( 20I742)
Correction to funds brought forward 220 220
Total funds brought forward 2,246,385 349,076 2,595,461 2,616,203
Total funds carried forward 2,631,558 412,078 3,043,636 2,595,461

Balance Shee t as at31A ugust 20 20
All Funds Unrestricted Circuit Model
Trust Fund		 Restricted Endowment
Funds		 Totals this
year		 Totals last
year
(unrestricted)
f
Tangible
Fixed Assetse
Notes
Land & Buildings 12 2,142,901 2,142,901 1,758,133
Equipment 12
Totalfixed ossets 2,142,901 2,142,901 1,758,133
Current Assets
Debtors and Prepayments 14 22,493 22,493 22,743
Loans 1,121 1,121 50,000
Trustees for Methodist Church
Purposes deposits 76,188 410,957 487,145 374,309
Central Finance Board Deposits 389,962 389,962 505,669
Cash at Bank and in hand 15 22,428 22,428 26,378
Total current assets 511,070 412,078 923,148 979,098
re
ors an		 ccrua s ue n
under 1yr) 16 (15,463) (15,463) (129,971)
Net current assets (liabilities) 495,607 412,078 907,685 849,127
Total assets less current
liabilities 2,638,508 412,078 3,050,586 2,607,261
Loans and creditors due after 1
year 16 (6,950) (6,950) (11,800)
Provisions for liabilities and
charges
Net assets 2,631,558 412,078 3,043,636 2,595,461
Funds ofthe Circuit
Unrestricted funds 2,631,558 2,631,558 2,246,385
Circuit Model Trust Fund
(Unrestricted) 412,078 412,078 349,076
Restricted
funds
Endowment funds
Total Funds 2,631,558 412,078 3,043,636 2,595,461
Opening Receipts Payments Net Receipts/ Adjustments Closing
Internal Orga nisations balance Payments balances
Total

2020 2019
Cash flows from operating activities r(ppexdlx S (145,927) (136,680)
Cash flows from investing activities
Interestincome 4,513 5,106
Dividend
income		 2,905 1,502
Proceeds from the sale of property 131,686
Total cash flows from investing
activities		 139,104 6,608
Cash flows from financing
activities
Total cash flows from financing
activities
Change
in cash and cash equivalents		 E3
~(6823(		 E3
~(,022(
Cash and cash equivalents at start ofthe year 906,358 1,036,430
Cash and cash equivalents at the end ofthe year 899,535 906,358
Appsadlxs
Net movement
in funds forthe year		 447,955 (20,742)
Adjusted for:
(Increase)/
Decrease		 in debtors 49,128 (49,326)
Increase/(Decrease)in creditors (119,359) (60,004)
Interest and dividend income (7,418) (6,608)
Revaluation
of investment
property		 (384,768)
Proceeds from the sale of property (131,686)
Correction to bought forward reserves 220
Total cash generated from operating activities (145,927) (136,680)

4, Donations and legacies and legacies Unrestricted Circuit Model
Trust Fund		 Restricted
Endowed		 8 2020 2019
f000 f000 f000 f000
Donations
Legacies
Totai
5.Charitable
other		 activities- Unrestricted Circuit Model
Trust Fund		 Restricted
Endowed		 & 2020 2019
f000 f000 f000 f000
Disposal ofAxminster Church 181,686 131,686
Charitable
activities -		 Other 2
Charitable
activities -		 Other 3
Total 181,686 131,686
6.Other trading activities Unrestricted Circuit Model
Trust Fund		 Restricted
Endowed		 8 2020 2019
f000 f000 f000 f000
Lettings 22,438 22,438 11,284
Miscellaneous 1
Miscellaneous 2
Disposal ofTower Street premises
Total 22,438 22,438 11,284
7.Investment income Unrestricted Circuit Model
Trust Fund		 Restricted
Endowed		 & 2020 2019
f000 f000 f000 f000
Central
Finance Board		 4,695 4,695 3,345
Rental income
Other 2,722 2,722 3,263
Total 4,696 2,722 7,418 6,608

8.Payment to Trustees This year Last year
No trustee has been paid any remuneration during the year other than as stated in the related
party transaction
note (note 20).
Number oftrustees who were paid expenses 22 22
Nature ofthe expenses
Expense payments
primarily
relate to reimbursement
Total amount
paid
9.Fees for examination
or audit ofthe accounts
Independent
examiner's
or auditors'
fees for reporting		 for travel and computing
on the accounts		 costs f Q
17,661		 24,391
1,302 1,236
Other fees (eg:advice, accountancy
services)		 paid to the independent
examiner		 or auditor
10.Paid employees
(excluding
Ministers)
Staff Costs paid during the year were:
Gross wages, salaries and benefits
in kind
22,228 14,259
Employer's
National
Insurance
costs
564 480
Pension costs
Totalstaff costs
22,792 14,850
Average number ofstaff employeed
during		 the year were:
No employee
received employee
benefits of		 more than E60,000 during the year.

Grants payable
Grants paid during the year can be broken down as follows:
2020 2019
Grants
aid in the year to institutions
Crediton
Church		 15,000 30,000
Aggregate
of non material
grants
paid in the year		 26,400 43,545
Grants
aldinthe
eartoindividu
Is
Aggregate
ofgrants paid in the year to individuals		 9,764 4,056
Grants committed
and accrued for in the year		 4,800
Release ofaccrued grants -14,050 -49,550
Total grants payable per accounts 41,914 28,051
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Analysis ofinvestment
movements		 Analysis ofinvestment
movements
This year Prev ear
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
(market)		 value at end ofyear

Debtor s
Creditors		 and Hank B alances as at 31Au u st 2020
General and Circuit Model Other Funds Endowment Totals this Totals last
Designated
Funds		 Trust Fund
(Unrestricted)		 (Restricted) Funds year year
(Unrestricted)
6
14,ce
ra an
Pre a		 ments
Assessments
in arrears		 125 125
District Advance
Fund		 Le
Insurance
re a ment
Stipends paid
in advance		 22,176 22,176 20,815
Grants/Loans 1,121 1,121 50,000
Other prepayments 192 192 1,928
Total debtors 8prepayments 22,493 1,121 23,614 72,743
15.Bank balances
CF8 - Stewards Reserve Account 238,287 238,287 325084
TMCP - FCWC 2,820 2,820 2 820
TMCP - Circuit Model Trust Fund 410.957 410,957 299,076
CFB - Develo
ment Fund		 138,230 138,230 168,769
Manse Maintenance
Fund		 8.493 8,493 20752
CFB - Mission
Fund
TMCP - Chen ton Cross House 2,000 2,000 2,000
TMCP - Lovell 5,439 5,439 5.439
CFB - Ware Hawkin 13,445 13.445 11,816
TMCP - Ware Hawkin 65,928 65,928 64,973
Lloyds Current Account/Cash 13,699 13,699 5,591
Cash
in Hand		 236 236 36
Total bank balances 488,577 410,957 899,535 906,358
16.Credl ora and Accruals
Assessments
received		 in advance 109,335
Examination
fee		 1,302 1,302 1,250
Preachin
fees		 122 122 489
Tele
hone 8travel		 2,152
Letting Income
Pa
roll liabilities etc		 704
Manse Maintenance
Accrual		 468 468 1,821
Other items (inc EuKids Charity) 171 171 171
Council Tax
Grants creditors
Cranbrook 3.750 3,750
Deacon
Universi
Cha
laincy
Grants committed
within		 1 ear 9.650 9,650 14,050
Grants committed
after		 1 year 6.950 6950 11,800
Total cmd/tora 8accrue/s 22,414 22,414 141,771
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