# ## ## ## ## |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| ||||||||IYI|||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||IY(||||||||||||||||IYI
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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| |V||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |iJ||||||||||||||||||||||| |6||||||||||||||||||||||| |C
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