2022-08-31-accounts - Barnet And Queensbury Methodist Circuit

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			Notes to		Circuit Nlodel	Circuit Nlodel
			the	General Fund	Trust		Restricted	Total
			accounts	(Unrestricted) f	(Unrestricted)		Funds f	2021-22 F
Income
1 Donations and legacies
2 Income from monetary investments				188		392		581
3 Income from investment	properties			40,050				40,050
4 Assessments on Churches				194,620				194,620
5 Capital Receipts
6 Grants mceived
7 Other charitable income
8Total Income				234858		392		235251
Expenditure
9 Grants and donations
10Salaries and assodated	costs			134,778				134,778
11 property maintenance				38,811				38,811
12Connexlonaf assessment	&	model trust	levy	40,626	2,142			42,768
13District Assessment &Levy				5,798				5,798
14Depreciation
15Office expenses				3,877				3,877
16Other outgoings 17Total charitable expenditure				3,238 227 129		244 38T		3,483 229516
18Gains/(losses) on monetary		investments					62	62
19Gains/(losses) on investment 20 Net Incomef(expenditure)		properties		75,000 82,729	(1,994)		62	75,000 80,797
21 Transfers between funds
22 Other gains/(losses) 23 Net movement in funds				82729	1	994	62	8079T
24 Total funds brought forward				3,541,306	85,694		568	3,627,570
25Total funds carried forward				362 037	83?00		630	3708367

			Notes to		Circuit Nlodel
			the	General Fund	Trust	Restricted
			accounts	(Unrestricted) f	(Unrestricted) f	Funds f
Income
1 Donations and legades
2 Income from monetary investments				89	289		378
3 Income from investment	properties			37,002			37,002
4 Assessments on Churches				172,000			172,000
5 Capital Receipts
6 Grants received							40,000
7 Other charitable income
8Total income				249091			249 381
Expenditure
9 Grants and donations
10Salaries and associated	costs			130,083			130,083
11 Property maintenance				32313			32,313
12Connexional assessment	&	model trust	levy	40,626	2,194		42,820
13District Assessment 8Levy				5,798			5,798
14Depreciation
15Office expenses				3,645			3,645
16Other outgoings				1,541	176		1,717
17Total charitable expenditure				214,005	2370		216375
18Gains/(losses) on monetary		investments
19Gains/(losses) on investment		properbes					62,M0
20 Net income/(expenditure)				97,586	(2,080)		95,506
21 Transfers between funds
22 Other gains/(losses)
23 Net movement in funds				97586	2080		95506
24 Total funds brought forward				3,443,722	87,774	568	3,532,064
25Total funds carried forward				3541 308	85694	568	3627570

			General Fund	Circuit Model	Restricted	Totals	Totals
		Notes to the accounts	(Unrestricted)	Trusts (Unrestricted)	Funds	2021/22	2020/21
Ixsd Assets
:ircult Menses &E ul ment			1498100			1498 100	149810
westment ro les			2012500			2012,500	1 937,50
westments						0
Total fixed	assets		3510600		0	3510600	343560
:urrent Assets
&ebtors		12	48488			48488	1669
oans b the Circuit
weslments with TMCP				83700			8626
'antral Finance Board Deposits			45661			45661	6976
:ash at Bank and in hand			41275			41 275	5340
Total current	assets		135424	83700		219754	228 12
,'unent liabl8ttss
:reditors (due in under 1 year)		13	21987			21987	3415
irants a able within 2020-21
Total current liabilities			21987			21987
Hst current assetslllabllltles			113437	83700		197767	19197
otalassets less cunent Ilabllltlas			3624037	83700	630	3708387	362757
ong term 8abilities
due after more than one	year)
iranis a able after 2020-21
cans to the Circuit
Hst	assets		3624037	83700		3708367	3627 87
unds ofthe Circuit
general Fund Unrestricted			3624037			3,624037	3,541 30
:ircuit Model Trust Fund
Jnrestricted						83700	8569
tesi ated Funds Unrestricted
Total Unrasfrfctad	Funds					3707737	362700
i'estricted Funds						630
:ndowment Funds
Total	Funds		3624037	83700	630	3708367	382757

7.Salaries and assodat	ed costs
									2021
Gross salaries and benefits in kind								93,984		92,934
Employer's national insurance cost								9,164		8,671
Pension costs								23,619	23,344
Apprentice levy										535
Staff Expenses								7,001		3,826
Computers for Ministry								533
Tote Istaff cost								134,778	129,878
Average number ofstaff
B.Connexional and District Assessments			and Levies
The national Methodist	Church 'The Connexion'			and	the London Methodist			District raise funds fortheir
charitable purposes in	support ofthe	Church through			a levy calculated		by	reference to the number		of
staff (both stipendiary	and lay workers	involved		in mission)		in the Circuits and the number ofChurch
members but may also	take into account		a Circuit's ability to pay
9.Other outgoings
These include the fees	for examination	of	the accounts:
								2022	2021
Independent examiner's	fee for reporting		on the accounts					2,000		1,200