2021-08-31-accounts - Colchester Methodist Circuit

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Circuit	Ministers and of	ficers in 2020-21
Circuit	Ministers	Rev'd A D Jenkins (Circuit Superintendent)
		Rev'd K Chalmers
		Rev'd J N Adams
Circuit	Stewards
		Mrs SDempsey
		Mrs A Lankester
		Mr TTrevers (Administration)
		Mr G Wilcox (Finance)
		Mr E Pentney (Property)

Independent	Examiner	Mr V P Chandler	ACA FCCA,	ACA FCCA,	of
		Moore Green Chartered Accountants
		22 Friars Street
		Sudbury, Suffolk
		CO10 2AA
Investment	Bankers	Central Finance	Board ofthe Methodist			Church
		9 Bonhill Street
		London, EC2A4PE
		The Trustees for	Methodist		Church Purposes
		Central Buildings
		Oldham Street
		Manchester, M1	1JQ
Bankers		Barclays Bank PLC, High		Street Branch
		Colchester, CO1	1 DA
Solicitors		Thompson Smith	and Puxon
		Stable 6,Stable Road
		Colchester, CO2	7GL

					Notes to		Circuit Model	Designated
					the	General Fund	Trust	Funds	Restricted	Endowment		Total
					accounts	(Unrestricted) f	(Unrestricted) f	(unrestricted) f	Funds f	Funds f		2020-21 f
Income
1	Donations and legacies				4	200						200
2	Income from monetary investments				5	192	89		13			294
3	Income from investment	properties			6			6,000				6,000
4	Assessments on Churches				7	166,508						166,508
5	Capital Receipts				8							0
6	Grants received				9							0
7a	Other charitable income				10							0
7b	Other income				11	1,307		3,061				4,368
8Total income						168,207	89	9,061	13			177,370
Expenditure
9	Grants and donations				12	1,800		25				1,825
10	Salaries and associated	costs			13	119,675						119,675
11	Property maintenance				14	2,150		13,917				16,067
12	Connexional assessment	8	Levy		15	28,096	634					28,730
13	District Assessment &Levy				15	7,924						7,924
14	Depreciation				3							0
15	Office expenses				16	3,370						3,370
16	Other outgoings				17	268	51	120				439
17Total charitable expenditure						163,283	685	14,062			0	178,030
18	Gains/(losses) on monetary		investments
19aGains/(losses) on investment				properties
19b Profit on Property sales						24,892						24,892
20	Net income/(expenditure)					29,&16	-596	-5,001	13		0	241232
21	Transfers between funds					217,887	204,537	12,850	500			0
22	Other gains/(losses}				18	35,000						-35,000
23	Net movement in funds					-223,071	203,941	7,849	513		0	-10,768
24	Tota I funds brought foiwa rd					2,245,132	25,393	78,074	11,740			2,360,339
25	Total funds carried forward				23,24	2,022,061	229,334	85,923	12,253			2,349,571

				General	Fund	Circuit Model	Designated		Restricted	Endowment		TotsIs	Totals
				(Unrestncted)		Trusts	Funds		Funds	Funds		2020121	2019I20
			Notes tothe			(Unresbtcted)	(Unrestricted)
			Accounts			f	f
Fixed Assets
Circuit Menses & Equipment			3,19									1,425,000	1,425,000
Circuit Churches			3,19										518,693
Inwetment properties			3„19										248,960
Investments
				1„S78,508							0	1,978,508	2,192,653
Cunent Assets
Debtom					10,709							10,709	10,401
Loans by the Circuit
Inwrstments with 1MCP			21									229,334	25,393
Central Finance Board Deposits			21				85,212		12.253			131,333	168,122
Cash at Bank and in hand			21		2,617			827				3,444	7,727
Total current		assets			47,1	229.3	86,039		12,253			374,820	211,643
Current Ilabilides
Creditors (due in under 1 year)					3,641			116				3,757	43,957
Grants payable within 2018-19
Total cunent	liabilldes				3,641			116				3,757	43,957
Net cunent assarsf	liabilities					229,334	85,923		12,253			371,063	167,688
Total assets less current	li	abi lie as		2,022,061		229,3	85,923		12,253		0	2,349,571	2,360,339
Long term liabilities
due after more than one	ear
Grants payable alter 2018-19
Loans to the Circuit
Net		assets		2,022,061		2293	85,923		12,253			2,349,571	2,360,339
Funds ofthe Circuit
General Fund (Unrestricted)			23,24	2,022,061								2,022,061	2,245,132
Circuit Model Trust Fund (Unrestricted)			23,24										25,393
Designated Funds (Unrestricted)			23,24									85,923	78,074
Total Unnsstncted		Funds										2,337,318	2,348,599
Restricted Funds			23,24						12,253			12,253	11,740
Endowment Funds
Total		Funds		2,022,061		2293	85,923		12,253			2,349,571	2,360,339
Sign									Signed
									'
CircuitSuperintendent									Circuit	surer

There was NIL charitable Inco .Other Income	me to be	shown un	der any ofthe Fu	nds for 2020-21
			2021	2020
General Fund
Tendring Circuit Contribution
to costs ofshared Manse			1,307	1,288
Rent received- Robin Crescent	Manse		Nil	Nil
Travel expenses re-imbursed	by BEH District		Nil	265
Total			~1307	~1553
Letting income &Licence Fee			130	4,026
Sale of Furniture —redundant	Churches		2,649	125
Contribution to Utility costs —Boxted			Nil	732
Burial grounds income			140	322
Funds transfer from Boxted Methodist		Church	Nil	8,568
Funds transfer from West Bergholt Meth Church			Nil	4,712
Insurance refund —Boxted			140	Nil
Miscellaneous Income			2	Nil
Total			~3061	18488

			2021	2020
Stipends (incl. Community		Worker)	79,550	92,770
Pension Contributions			20,598	20,056
Nl 81Apprenticeship	Levy		7,803	7,731
Computer Grant			507	495
Travel			446	3,457
'Phone			1,815	2,057
Community Charge			7,524	7,551
Water charges			1,432	1,835
Total			119575	155951

Office Expenses
General Fund
					2021	2020
Stationery, Printing,		Postage			422	426
Computer costs					192	639
Ministerial Admin. Assistance					1711	300
Independent Examination				cost	1,045	1,098
Total					~3370	~2463
17.Other Outgoings
General Fund
					2021	2020
Supply Preacher Fees					125	200
Other travel costs					48	274
General Insurance					162	137
Training					Nil	153
Professional fees					(240)	961
Advertising					50	Nil
Equipment					82	85
Sundry expenses					41	117
Total					268	~1927
Model Trust Fund
					2021	2020
TMCP Administration		Fee			51	Nil
Desi nated Funds
					2021	2020
Quinquennial inspection			costs		Nil	1,620
Assessments paid	- Fingringhoe				Nil	736
Professional Fees					120	Nil
Funds transferred	to
The Well					Nil	5,000
Sundry expenses					nil	181
Total					120	~7537

0 eratin Pro erties
		Manse		Church
	Land	~guildin	s	~Buildin s	Total
Balance at 1Sept 2020	465,405	1,072,500		405,788	1,943,693
Disposals in year	(28,055)			(151,090)	(179,145)
Provision for future
losses on sales				(35,000)	(35,000)
Balance at 31Aug 2021	437350	1072 500		219698	1729548
Investment Pro erties
				Church
	Land			~Buildin s	Total
Balance at 1Sept 2020	62,250			186,710	248,960
Balance at 31Aug 2021	62 250			186710	248 960
Total all Properties	499 600	1072500		406 408	1978508

		General	Fund	Desi	nated	Funds
		2021	2020	2021	2020
Prepaid Stipends		9,057	9,159
Property Surveys	paid in advance	300	Nil
Legal Fees paid in	advance	500	500
Other Debtors and Prepayments		852	646	Nil		96
Total		10703	10305	Nil		96

ditors and Accr	uals	—due	in under	1year
				General	Fund	Desi nated	Funds
				2021	2020	2021	2020
Trade creditors				268	220	33	383
Circuit Assessments		in advance		Nil	41,852
Other Creditors	and	Accruals		2,298	422	83
Independent Examination			Fee	1,075	1,080
	Total			3641	43 574	116	383

Fund M	ovements
		Balance				Balance
		~15e t'20	Income	~Pa ments	Transfers	~31 Au '21
General	Fund:—
Property	Reserves	2,161,141	24,981	(35,685)		2,150,437
Current	Reserves	109384	168207	~163283	(~13350	100958
		2 27D 525	193188	198968	~13350	2 251 395

Designated Funds:-
	Balance				Balance
	~15e t'2D	Income	~Pa ments	Transfers	~31 Au '21
Boxted	1,394	1,167	(1,969)		592
Fingringhoe	4,059	444	(1,976)		2,527
Marks Tey	19,778	6,000	(4,257)	(5,000)	16,521
West Bergholt	1,969	1,450	(3,797)	1,000	622
Local Preachersg
Worship Leaders	412				412
Development	30,112				30,112
Manse Repairs	11,445		(2,063)	14,140	23,522
Quinquennials	555			1,710	2,265
Ministers Reloc'n	~8350			~1000	9350
Total	~78074	9D61	(~14062	12850	85 923

23 Funds (Cont'd) Restricted Funds:-
Development—
Tollgate		9,472		13				9,485
Benevolent		~2268					500	~2768
Total		11740		13			500	12253
TOTAL FUNDS	2	360	339	202 262	( ~213 030		NIL	2 349571
24.Analysis ofnet assets between			funds
				Fixed	Net Current
				Assets	Assets			Total
General Fund:-
Property Reserves				1,921,103	229,334			2,150,437
Current Reserves				57405	43	553		100958
				1978 508	272	887		2 251395
Designated Funds:—
Boxted						592		592
Fingringhoe					2,527			2,527
Marks Tey					16,521			16,521
West Bergholt						622		622
Local Preachersi
Worship Leaders						412		412
Development					30,112			30,112
Manse RepairsiMaintenance					23,522			23,522
Quinquenniallnspections					2,265			2,265
Ministers Relocation					9	350		~9350
					85	923		85 923
Restricted Funds:-
Development —Tollgate					9,485			9,475
Benevolent					2	768		2 768
					12	253		12253
TOTAL FUNDS				1978508	371063			2 349571

				C	ircuit Managing	Trustees at 31Aug	ust 2021
Ministers						Rev'd Alan Jenkins	(Superintendent	and Chairman)
						Rev'd Ken Chalmers
						Rev'd Joe Adams
Supernumerary		Ministers				Rev'd Paul Howes
Circuit Stewards						Mrs Sheila Dempsey
						Mrs Avril Lankester
						Mr Edward Pentney
						Mr Tony Trevers
						Mr Geoffrey Wilcox
Circuit Local Preachers				Representative		Mr Ron Firmin
Circuit Safeguarding			Co-ordinator			Dr Geoff Casey
Social Issues Working				Group Co-ordinator		Mr Keith Thompson
Representatives		appointed			by Circuit Churches:-
The Ark,	Highwoods					Mrs Pat Baker
						Miss Rachel van Staveren
						Mrs Judith Winward
Castle						Mr Malcolm Butler
						Miss Jane Dansie
						Mr Richard Pettit
						Mr Chris Pratt
Lexden						Mr Neil Austin
						Mr Alan Beesley
						Mrs Vivian Wilcox
Mersea Island						Rev'd David Moody
						Mrs Joan Moody
The Well,	Mile End					Mrs Judith Fletcher
						Mr John Jones
						Mrs Di Thompson
Wimpole	Road					Mr Peter Broom
						Mrs Margaret Clubb
						Mrs Christine Firmin
						Mr Andrew Topple
Wivenhoe						Mr Phil Bingham
						Mr Brian Dack
						Mrs Betty Rampling