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← Shropshire & Marches Methodist Circuit

2023-08-31-accounts

Note General Fund Circuit iaadal
(Unmatrictad) Trust Fund Restricted Endowment Totals this Totals
(Unrestricted)
f		 Funds
2		 Fundsf yearf 2022f
Income and endowments
Assessment
or share		 441 840 441 840 449,298
Capital receipts 327,233 327735 342548
Interest and Investment Income 18,144 19,237 94 37475 5095
Grants 17686 17686
Lattings 17084 17084 14976
Other Income 24 890 24890 29066
Total income 520,146 348,470 94 866710 845,625
Ex
nditum
E
nditure
on charitable		 activities
Stipands, salaries, NIC &
Pension costs 444,005 444,005 419300
District assessment 106,240 106240 108,596
Admin, Telephone &Travel 42207 1 192 43405 37474
Insurance,
Utilities		 etc 33952 33952 32907
Maintenance
on lillanses		 27248 27248 41417
Expenditure
on other Circuit
property 10,265 10265 12,267
Other expenditure 21,289 85 21374 8245
Grants and Donations 10 27074 82,166 10926D 78263
Contribution
to District Advance
Fund 22616 22616 16743
Governance
costs		 5700 700 5340
Total E
nditure		 717980 105994 824 068 TS8SS2
Net Incomel
ex		 diture 197834 240476 42 842 87 073
Transfers
between		 funds 253688 253 688
Property
value movement		 131417 315000 315000 254 000
Gains 8 losses on investments
(Unrealised) 5597 (287 135 6,019) 10252
Net Movement
in		 funds 365257 13499 135 351623 330821
Reconciliation
of		 Funds
Total funds brought forward 3718288 418 216 3178 4 139682 38D8861
Total funds carried forward
at end of ear 4,083545 404.717 3043 491305 4139682

General Fund Circuit Model Circuit Model
(Unrestrtcted) Trust Fund Restricted Endowment Totals
(Unrestricted) Funds Funds 2022
8 8 8
income and endowments
Assessment
or share		 449,298 449,298
Capital receipts 6,374 336,174 342548
Interest and Investment Income 2,834 2,179 82 5,095
Grants 4642
Lettings 14976 14,976
Other Income 24066 5000 29,066
Total income 502 190 343353 82 845 625
Ex
diture
nditure
on charttsble		 activities
Stipends, salaries, NIC 8
Pension costs 419,300 419300
District assessment 106596 106596
Admin, Telephone &Travel 36495 969 10 37,474
Insurance,
Utilities		 etc 32907 32,907
Maintenance
on Manses		 41417 41 417
Expenditure
on other Circuit
property 12267 12267
Other expenditure 8,173 72 8245
Grants and Donations 10 6375 71 888 78263
Contribution
to District Advance
Fund 16743 16743
Governance
costs		 5340 5340
Total Ex
ndlture		 668 8'70 89600 82 758 552
Net Incomel
ex		 ndlture 16 680 253,753 87073
Transfers
between		 funds 174990 174990
Property cost movement
Property
value movement		 131417 254 000 254 000
Gains 8 losses on investments
(Unrealised) 9587 452 213 10252
Nst Movement
in		 funds 252 723 78311 213 330821
Reconciliation
of		 Funds
Total funds brought forward 3465 565 339905 3 391 3808661
Total funds carried forward
atendof
ear		 3,718 88 415216 3 178 4139,682
General
Fund		 Circuit Model Other Endowment
(Unrestricted) Trust Fund Funds Funds Totals Totals
(Unrestricted) (Restricted) this year 2022
6 6 8 2
Fixed Assets
Menses etc 13 2 151,792 2,151,792 2,351,792
plant and Machinery 13 45001 45 001
Properties
held as investment		 610000 610,000 410,000
Investments 15 26,329 6,461 35,533 41,852
Total Fixed Assets 833,122 6,461 3043 2,842,626 2,803644
Current Assets
Debtors and Prspayments 33727 1 800 35527 40656
Central Finance Board and
Trustees for Methodist Church
Purposes deposits etc 557,464 396,456 953920 963986
Properties
held forsale		 17 751000 751000 436 000
Cash at Bank and
in hand		 4,662 4662
Total Current Assets 1346,853 398256 1745,109 1 0646
Liabilities
Creditors
fallin
due within one		 ear 18 96430 96430 104608
Net Current Assets 1 50 23 398256 1 648679 1 336038
Totalassets less
current liabilities 4683545 404717 3043 91305 4,139682
Funds ofths charit
General Fund (Unrestricted) 4083545 4 063545 3,718288
Circuit Madel Trust Fund (Unrestricted) 19 404 717 404717 418216
Other funds (Rsstricted) 19
Endowment
Funds		 3043 3043 3178
Total Funds 4083545 404717 3043 4491305 4 139682
Note 2023 2022
Net cash (used) Igenerated
In operating activities		 20 315551 364 928
h if
from fnvssti
acfivftfes
lntentst
and dividends		 37,475 3,461
Receipts from sale oftangible
fixed assets		 327,735 63,955
payments
from purchase oftangible
fixed sssels		 (45,001) (284,792)
Net cash provided
by investing
activities		 320,209 (217,376)
Change in cash and cash equivalents
in the year		 4,658 (582,304)
Cash snd cash equivalents
brought
forward		 4 8779
Cash and cash equivalents
carried forward		 4662

'
7 Insuran
e		 Utilities on occ Man Unrestricted Circuit Model Restricted Endowment 2023 2022
Trust Fund Total Total
f 8 6
Insurance 7,966 7,966 6,412
CouncilTax 22,403 22,403 22,633
Water rates 3,583 3,583 3,862
33952 33.952 32,907
Unrestdcted Circuit Model Restricted 2023 2022
8 Ex enditureon th r I Trust Fund Total Total
8 8 8 8 8
Other Menses either unoccupied or 1st 750 750 5,735
Churches closed snd swalgng sale or sold 5,747 5,747 5,306
Clsabury
Mortimer		 Methodist Church premises 2,771 2,771 903
Other 997 997 323
'10265 10265 12267
2023 2022
Unrestrlated CMTF Endowment Total Total
8 Nb~sr e
r~ndlt		 Lrg 8 8 2
Presbyteral relocation allowances 1,200 1,200 600
Removal costs 3,875 3,875
Supernumerary
Ministers' Fees
Bayston
Hill Church for oflice accommadation		 2,450
840		 2,450
840		 950
840
Warship Materials 1,822 1,822 2,156
Legal expenses 1,240
Other inc Zoom related costs 11,102 85 11,187 2,459
21289 85 21 374 8245
10 jarrntEILn~ggfdl908 Unrestricted Circuit Model 2023 2022
Trust Fund Total Total
8 5 8 8
Churches
Builth 1Ness 1,250 1,250
Leominster 1,000 1,000
Wyson 750 750
Bayston
Hill		 1,600 1,600
Rea Valley 500 500
Tenbury Wells 500 500
Belle Vue 5,000
Ellesmere
far		 Mission Project 17,349 17,349
Connexional I 8 G n r
Colon 22,381 22,381
Knolton 4,568 4,568
Moreton
Mill		 42,987 42,987
Morda 19,977
Vron Gate 7,463
Ewyas Harold 6,119
Caynham 23,329
District Agricultural Chaplain 10,000 10,000 10,000
St.Mary's Youth Project, Cleobury Mortimer 6,000 6,000 6,000
Herefordshlre Churches Together 375 375 375
27074 82,186 109,260 78,263
Support Governance 2023 2022
5,700 5,700 5,340
5700 5,700 5340

2023 2022
Number ofTrustees who were paid expenses excluding Presbyters 8 4
and employed lay staff
Nature ofthe expenses 2023 2022f
Supernumerary Fees and Travel expenses 2,963 1,058
Lay Travel and expenses excluding costs reimbursed 1,124 876
Total amount paid 4 087 1 934
Menses Plant and Total
machlnerv
f		 f
Cost
Balance brought forward 2,351,792 2,351,792
Additions 45,001 45,001
Transfers to /from properties held for sale (200,000) (200,000)
Balance carried forward 2,151792 45001 2196,793
Net book value
31August2023 2 151792 45001 2 196793
31August 2022 2,351792 2,351792
14 Inves)IBe~nt
~ro		 erie 2023 2022
6
Balance brought forward 410,000 390,000
Additions 225,000
Transfer from Tangible Fixed Assets 200,000
Transfer to properties for sale (300,000)
Revaluations 75,000 20,000
Balance carried forward 610,000 410,000

Fixed Asset Investments
Listed Ungsted
Investments investments Total
8 6 6
Market value
Balance brought forward 31,167 10,685 41,852
Add net gain on revaluation (5,566) (453) (6,019)
Balance carried forward 25,601 10,232 35,833
Net book value
31 August 2023 25601 10232 35833
31 August 2022 31,167 10685 41 852

Reconciliation of net mov eme nts
in fun		 ds to cash flow from operat ing
activities
2923 2022
Itet movement in funds 351,623 330,821
Deduct interest income shown in investing activities (37,475) (5,095)
Deduct receipts from sale oftangible
fixed		 assets (327,735) (342,548)
Loss /(Gain) on revaluation of properties
Decrease (increase) in debtom 5,129 (544)
increase (decrease) in creditors (8,178) 846
Loss /(Gain) on revaluation of fixed asset investment properties (315,000) (254,000)
Loss l(Gain) on revaluation of fixed asset investments 6,019 10,252
(Gain) / Loss on revaluation of current asset investments 10,066 (104,660)
315551 364928