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2022-08-31-accounts

SORP reference
Summary of the purposes of Para 117 The purposes ofthe Methodist Church are and
the charity as set out in its shall be deemed to have been since the Date
governing document of Union the advancement of:
a) The Christian faith in accordance with the
doctrinal standards and discipline ofThe
Methodist Church
b) Any charitable purpose for the time being of
any Connexional, District, Circuit, local or other
I organization of The Methodist Church
c) Any charitable purpose for the time being of
any society or institution subsidiary or ancillary
to The Methodist Church
d) Any purpose for the time being of any
charity being a charity subsidiary or ancillary to
The Methodist Church
Summary of the main
activities in relation to those		 Para 1.17 and
1.19		 The circuit trustees are the Managing Trustees
for the shared resources (e.g. manses, other
purposes for the public properties, financial assets and personnel)
benefit, in particular, the related to the group of Methodist churches
activities, projects or known as the Mid Derbyshire Methodist
services identified in the Circuit. At the end of August 2022, the circuit
accounts. had 19 Methodist worship centres and 4 Local
Ecumenical Partnerships (LEPs) in its
geographical area.
Two of the Methodist worship centres are
managed by a single Church Council, whereas
the others all have their own Church Council.
For worship, a quarterly preaching plan is
produced to ensure regular acts of worship
take place and all of the acts of worship are
open to all people, without charge. The circuit
also provides monthly services of worship at
Maple Leaf House in Ripley, a purpose-built
MHA nursing home for people with dementia.
Circuit services, events and training are
organised from time to time as required.
Statement confirming Para 1.16 We confirm the trustees have had regard to
whether the trustees have the Charity Commission’s guidance on public
had regard to the guidance benefit.
issued by the Charity

Pam 138
Policy on grant making
Para 138
Policy on social investment I
including program related
investment
The main parts of our churches’ activitiesiJ
Para 1 undertaken by lay persons (volunteers).
Contribution made by
volunteers
Other

bPP reference bPP reference
—__
Annu& Report for 2020 to 2021
The Annual Report ofthe Mid Derbyshire
Methodist Circuit for the year ending 3Vt
Summary of the main
achievements ofthe charity,		 Para I .20 August 2021 was prepared, agreed by the
Circuit Meeting and submitted before the
identifying the difference the Charity Commission’s deadline date.
charity’s work has made to
the circumstances of its Circuit Policy
beneficiaries and any
benefits to society as		 wider
a		 New processes of oversight and trusteeship
were approved by the Methodist Conference.
whole. This includes the decision that the minimum
size of a local church should be increased to
12 members.
The Circuit Meeting gave permission to two
churches with memberships of 13 each,
Marehay and Waingroves Methodist Churches,
to join together to form one Church Council (to
be known as MWMC) as from
September
2022.
Resolutions on the God in Love Unites Us’
report, regarding co-habitation and same sex
marriages, were confirmed at the Methodist
Conference.
Each church council in the circuit voted on
whether to allow same sex marriages and
blessing services in their church building.
Implementation ofteam working across the
circuit was begun.
Mansfield Road Methodist Church, Heanor,
ceased worship in June 2022; the church
building was to be refurbished as a hospitality
centre. Mary’s Kitchen, a project at Mansfield
Road providing reasonably priced meals to the
local community, will continue as a circuit
project.
Circuit Services and Events
Circuit services were held: forthe Easter
Offering Dedication in May 2022; to
commemorate the churches which had closed
during the past year in June 2022; as a
farewell for the Presbyters who were leaving in
July 2022.
Some meetings continued to be held via
Zoom. Church services were held in person
but a positive effect ofthe Covid-1 9 pandemic
is that some online services have continued.
Information and support evenings for Pastoral
Visitors were held; these included speakers
from our own circuit on Patterns ofHospitality
and ChristiansAgainst Poverty (CAP). There is
a CAP Debt Centre in Ilkeston which is
supported by local churches.
Unfortunately, because ofthe cost of living
problems which people have continued to face,
foodbanks at some of our churches continue to
be necessary.
ou may choose to include further stateme nts where relevant about:
--
As noted above, under Circuit Staffing. a Lay
Mission and Outreach Worker was employed
Achievements against Para 1.41 to work in the Matlock area.
objectives set
Although it had been agreed not to replace
Rev Paul Beard when he retired in order to
avoid a significant budget overspend, Rev
Moses Agyam was unexpectedly available and
needed a part-time post in the area. The
Nottingham and Derby District Chair requested
that he should be given a one-year post in the
circuit. The Circuit Leadership Team agreed to
this request because it was felt he had gifts
and skills to offer the circuit. Some funding was
available because it had previously been
agreed for a Presbyter for 2 years at 20%
capacity but this had not happened.
Advertisements were placed for a Messy
Church Worker but there was only one
applicant and no-one was appointed.
Para 1.41
Performance offundraising [
activities against objectives
set
Investment performance
against objectives Para 141
Future Plans
Other There will be a change of some ministerial staff
in the circuit from 1st September 2022. A new
Superintendent Minister will bring fresh vision
as the Circuit Leadership Team makes plans
for the next few years.
A Deacon will be working in the community in
the Heanor area.
Since the formation of the circuit, from three
smaller circuits, the circuit has managed some
properties which are not needed as manses for
ministers. Some ofthese may be sold to
provide money for mission and ministry
projects.
L It is hoped to set up a circuit worship event for
and with young people.
There will be some church projects! including
the delayed project at likeston Methodist
Church.

Financial Review
Review ofthe charity’s Para 121 At the end ofthe year, on 31st August 2022,
financial position at the end the net surplus for the year on the General
of the period Fund was £25,398 after a net gain on the
revaluation of investment property of£91,237.
The balance on the General Fund was
£3,409,115.
The net surplus for the year on the Circuit
Model Trust Fund was £247,870 and the
balance was £916,145. This can be used for a
variety of purposes, along with the properties
managed by the circuit.
During the yearthe trustees reclassified the
circuit’s investment properties from freehold
which resulted in a fair value adjustment in
accordance with FRS1O2. This resulted in a
total gain on investment properties of£851,545
ofwhich £91,237 is reflected in the current
year and £760,308 shown as a prior year
adjustment. Properties were valued as follows:
Freehold Properties £1,339,270; Investment
Properties £1,970,000.
During this financial year the Circuit
Leadership Team has followed the circuit
policy for the management and use ofthe
circuit’s assets and financial decision making
was linked to the agreed budget.
The circuit budget for 2021 to 2022 was
agreed at the Circuit Meeting in June2021,
I along with the proposed Church Assessment
contributions to circuit finances.
Statement explaining the
policy for holding reserves		 Para 122 The Reserves Policy for the Mid Derbyshire
Methodist Circuit is to hold a sum equivalent to
stating why they are held 3 months’ average expenditure in the general
account and a further £100,000 in the Model
Trust Fund. This should be sufficient to meet
any unforeseen item of major expenditure on
manses and/or to be able to continue, in the
short term, to fund planned activities in the
event ofthe closure of a large church or an
inability to raise the full Assessment from
churches, It is necessary to hold sufficient
working capital to enable the payment of
stipends and salaries, business expenses for
the ministers and lay employees and our
contribution to the Nottingham and Derby
District.
Money from the Model Trust Fund had been
committed to church projects; this was
available to be used, as and when necessary,
by the relevant churches.
Amount of reserves held Pam 1.22 £88,146 was held in the general account at
31s August 2022.
£976,745 was held in the Model Trust Fund at
Reasons for holding zero Para 1.22 31 August 2022: these are unrestricted funds.
L..
N/A
reserves
rbiails offund materially in Para 1.24 -- None
-
deficit .______ r
Explanation of any
uncertainties about the		 i Para 1.23 Risks are considered by the Circuit Leadership
Team, which takes professional advice as
charity continuing as a going required: the team is engaged in a regular
concern review process.
A reduction in numbers attending the
churches, partly due to the effect of the Covid
19 pandemic, has meant that some churches
have struggled financially. If a lot of churches
were to cease worship, the Circuit Leadership
I Team would need to consider a reduction in
staff numbers. This was not considered to be a
great risk because numbers have stabilised
but it will be kept under review because
churches’ funds have not returned to their pre
pandemic levels.
yjychoose to include fu rther stateme nts where relevant about:
I In the 2021-2022 accounts:
The charity’s principal
sources offunds (including		 75% ofthe circuit’s income was provided by
the local churches.
any fundraising) Para 1.47 56% of expenditure was on pay and related
costs.
- 6% of expenditure was on property
maintenance, including both manses and
properties that are being let.
20% of expenditure is our contribution to the
Nottingham and Derby Methodist District; part
ofthis is used to fund the work of the wider
Methodist Church.
£15,000 was sent to Connexion as a donation
towards covering a shortfall in the Minister’s
Pension Fund.
Investment policy and
objectives including any
social investment policy Para 1.46
adopted
The closure of some churches and reduced
A description of the principal numbers attending the other churches could
risks facing the charity Para 1.46 I have an impact on the assessment raised from
churches. Numbers have stabilised but this will
be kept under review by the Circuit Leadership
Team.
The risk of the ability of churches to pay their
assessment is always present. This is
managed through dialogue with the churches,
including an annual meeting of Church
Treasurers.
Risks regarding safeguarding are managed
through DBS checks and mandatory training.
Further details are outlined in the circuit’s
Safeguarding Policy.
-_______
- The Circuit Treasurerwas advised that the -
Other circuit accounts for the previous three years
should have been audited and not
independently examined. The Charity
Commission has confirmed that it does not
require a retrospective audit but the accounts
must be audited in future. The circuit has acted
upon this instruction from the Charity
Commission.

Description of charitys ..—______
trusts:
Type of governing document Para 1.25 Deed of Union (1932) and Methodist Church
I (trust deed, royal charter) I I Act (1976)
How is the charity Para 1.25 Act of Parliament
constituted?
(e.g unincorporated
association, ClO)
Trustee selection methods Para 1 .25 Trustees are appointed by local churches and
including details of any existing trustees in accordance with the
constitutional provisions e.g. modified constitution under Section 58 ofthe
election to post or name of Constitutional Practice and Discipline of The
any person or body entitled Methodist Church (CPD), which was

You may choose to include fur ther stateme nts where relevant about:
The Mid Derbyshire Methodist Circuit has not
adopted its own policies and procedures for
Policies and procedures the induction and training oftrustees because
adopted for the induction Para 1.51 it follows the policies, procedures and
and training oftrustees guidance produced by the Methodist
Connexion. For example, for safeguarding, the
Creating Safer Space Foundation Module was
delivered by people within the circuit who had
been trained to do so.
The Mid Derbyshire Methodist Circuit is part of
the Nottingham and Derby Methodist District
The charity’s organisational and is accountable to the Methodist
structure and any wider Pars 151 Conference.
network with which the
charity works The Circuit Leadership Team, comprising ex
officio, appointed and any co-opted officers,
works with the circuit staff and officers, as well
as through a number ofsmall working groups,
in order to oversee the development and
implementation of circuit policy.
None
Relationship with any
related parties 0ara 1.51
Other

Reference and Admini strative details
[ Charity name
Other name the charity uses		 Mid Derbyshire Methodist Circuit
None		 -______
Registered charity number . 1139498
Charity’s principal address Mid Derbyshire Circuit Office
I Belper Community Cottage
16 Chapel Street
Belper
DES6 IAR
Statement ofTrustees’ The trustees are responsible for preparing the Trustees’
I Responsibilities Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice).
he circuit. circuit. ,
yy g
r
Trustee name
.___		 .
.
Office (if any)		 Dates acted if not for
whole year		 [ Name of person (or body) entitled
to appoint trustee (if any)
1 Rev Kate Strange Superintendent_Minister . Ex officio
2 Rev Moses Agyam Circuit Minister Ex officio
3 Rev Robert Foster Circuit Minister Ex officio
4 Rev John Malnutt Circuit Minister Ex officio
5 Rev Helen Ruth
PenfoId		 Circuit Minister Ex officio
6 Rev Stephen Pratt Circuit Minister Ex officio
7 Ruth Beresford Circuit Steward Mid Derbyshire Circuit
Trustee name .
Office (if any)		 Dates
whole		 acted
ear
‘		 acted
ear
‘		 .
if not for		 Name of person (or body)
entitled to appoint trustee (if
any)
18 Rev Kevin Price Minister in Local
Ecumenical Partnership		 Mid Derbyshire Circuit
19 • Rev Chris
Scotchbrook		 Supernumerary Minister Mid Derbyshire Circuit
20 Rev Adrian Smith Supernumerary Minister Mid Derbyshire Circuit
21 Rev Juan Thompson Supernumerary Minister Mid Derbyshire Circuit
22 Rev Anthony Wells Supernumerary Minister Mid Derbyshire Circuit
23 Margaret Garratt Rep to Circuit Meeting Ambergate Church Council
24 Paul Garratt Rep to Circuit Meeting Ambergate Church Council
25 Jane Gentry Rep to Circuit Meeting 15/06/22 to 31/08/22 Belper Church Council
26 Christine Nelson Rep to Circuit Meeting 15/06/22 to 31/08/22 Belper Church Council
27 Dorothy Pipe Rep to Circuit Meeting 01/09/22 to 15/06/22 Belper Church Council
28 Jennifer
Scotchbrook		 Rep to Circuit Meeting Belper Church Council
29 Dorothy Annette
Taylor		 Rep to Circuit Meeting Codnor Church Council
30 Helen Rogers Rep to Circuit Meeting Cromford Church Council
31 Timothy Nigel
Everard Rogers		 Rep to Circuit Meeting Cromford Church Council
32 Gill Clifton Rep to Circuit Meeting Darley Dale Church Council
33 Monica Render Rep to Circuit Meeting Darley Dale Church Council
34 Jeanette Anne
Welch		 Rep to Circuit Meeting 15/06/22 to 31/08/22 Darley Dale Church Council
35 Andrew Bales Rep to Circuit Meeting Denby Bottles Church
Council
36 Mike James Rep to Circuit Meeting Denby Bottles Church
Council
37 Beverley Margaret
Evans		 Rep to Circuit Meeting Heage Church Council
38 Lynne Terry Rep to Circuit Meeting Heage Church Council
Page 10
39 Sheila Wheatley Rep to Circuit Meeting Holbrook Moor Church
Council
40 Helen Elizabeth
Whitham		 Rep to Circuit Meeting Holbrook Moor Church
Council
41 John Daglish Rep to Circuit Meeting Holloway Church Council
42 Marjorie Ann Thoday Rep to Circuit Meeting Holloway Church Council
43 Barbara Moore Rep to Circuit Meeting Horsley Woodhouse Church
Council
44 Phyllis Shaw Rep to Circuit Meeting Horsley Woodhouse Church
Council
45 Brenda Jean Clarke Rep to Circuit Meeting Ilkeston Church Council
46 Michael Edward
Parker		 Rep to Circuit Meeting fllkeston Church Council
47 Tony Stevens Rep to Circuit Meeting I Ilkeston Church Council
48 Christine Dianne
Richards		 Rep to Circuit Meeting Marehay Church Council
49 Viv Walters Rep to Circuit Meeting Marehay Church Council
50 Penny Brown Rep to Circuit Meeting Matlock Methodist & United
Reformed Church Council
51 Sandra Haycock Rep to Circuit Meeting Matlock Methodist & United
Reformed Church Council
52 Mike Haynes Rep to Circuit Meeting Matlock Methodist & United
Reformed Church Council
53 Elizabeth Littlewood Rep to Circuit Meeting Matlock Moor Church
Council
54 Alan Piper Rep to Circuit Meeting Matlock Moor Church
Council
55 Gillian Chatto Rep to Circuit Meeting Nether Heage Church
Council
56 Karen Julie Morley Rep to Circuit Meeting Nether Heage Church
Council
57 Sarah Louise Baker Rep to Circuit Meeting Ripley Church Council
58 Elaine Grout Rep to Circuit Meeting Ripley Church Council
Anne Brown Rep to Circuit Meeting St. Andrew’s Church:
59 Langley Mill, Church
Council
60 Peter Charles Rep to Circuit Meeting Tansley Church Council
Norman
61 Sylvia Norman Rep to Circuit Meeting Tansley Church Council
Irene Bourne Rep to Circuit Meeting United Church of All Saints,
62 Stanley Common, Church
Council
63 John Grace Rep to Circuit Meeting Waingroves Church Council
64 Lrk Ratcliffe Rep to Circuit Meeting Waingroves Church Council
65 Sheila Ivy Redfern Rep to Circuit Meeting Wellspring Church,
Wirksworth, Trustees
66 Susan Margaret
Watts		 Rep to Circuit Meeting Wellspring Church,
Wirksworth, Trustees
67 Alan Hickingbotham Rep to Circuit Meeting 09/06/22 to 31/08/22 West Hallam Church
Council
68 Andrew John
Pierson		 Rep to Circuit Meeting 09/06/22 to 31/08/22 Council
West Hallam Church
69 Lesley Ann Tooley Rep to Circuit Meeting 09/06/22 to 31/08/22 West Hallam Church
Council
70 : Anne Kettlewell , Circuit Safeguarding
‘ Officer		 Mid Derbyshire Circuit
Signed on behalf ofth e charity’s trustees
Signature(s) a11 LVIat4 A
Full name(s) Ann Miller Anderson Judith Anne Milner
Position (eg Secretary,
Chair, etc)		 Superintendent Minister Secretary ofthe Circuit Meeting
Date ‘a 31
°S)-3

2022 2021
Circuit
Model
Unrestricted Trust Total Total
funds Fund funds funds
as restated
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities 4
Assessments on churches 285,652 - 285,652 299664
Worship centres 8,631 404,252 412,883 139971
Investment income 3 78,913 7,076 85,989 94,285
Other income 5 8485 8,485 16
Total 381,681 411,328 793,009 533,936
EXPENDITURE ON
Charitable activities 6
Assessments on churches 445,001 - 445,001 403.499
Worship centres 1,580 89,700 91,280 8,252
Other 8 12,247 56,661 68,908 113,026
Total 458,828 146,361 605,189 524,777
Net gains/(losses) on investments 91,237 (5,789) 85,448 772,618
NET INCOME 14,090 259,178 273,268 781,777
Transfers between funds 19 11,308 (11,308) -
Net movement in funds 25,398 247,870 273,268 781,777
RECONCILIATION OF FUNDS
Total funds brought forward
As previously reported 2,623,409 728,875 3,352,284 3.330.815
Prior year adjustment 12 760,308 - 760,308 -
As restated 3,383,717 728,875 4,112,592 3,330,815
TOTAL FUNDS CARRIED FORWARD 3,409,115 976,745 4,385,860 4,112,592

2022 2021
Circuit
Model
Unrestricted Trust Total Total
funds Fund funds funds
as restated
Notes £ £ £ £
FIXED ASSETS
Tangible assets 13 1,346,238 - 1,346,238 1.350378
Investments
Investments 14 - - - 65,656
Investment property 15 1,970,000 - 1,970,000 1,878,763
3,316,238 - 3,316,238 3,294,797
CURRENT ASSETS
Debtors 16 46,705 1,226 47,931 20.198
Investments 17 - 59,867 59,867 -
Cash at bank 88,146 943,608 1,031,754 824,000
134,851 1,004,701 1,139,552 844,198
CREDITORS
Amounts falling due within one year lB (41,974) (27,956) (69,930) (26,403)
NET CURRENT ASSETS 92,877 976,745 1,069,622 817,795
TOTAL ASSETS LESS CURRENT LIABILITIES 3,409,115 976,745 4,385,860 4.112.592
NET ASSETS 3,409,115 976,745 4,385,860 4,112,592
FUNDS 19
Unrestricted funds 4,385,860 4,112,592
TOTAL FUNDS 4,385,860 4,112,592

2022 2021
as restated
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 207754 23,894
Net cash provided by operating activities 207,754 23894
Cash flows from investing activities
Purchase of tangible fixed assets -
Net cash provided by/(used in) investing activities (4,822)
Change in cash and cash equivalents in
the reporting period 207,754 19072
Cash and cash equivalents at the
beginning of the reporting period 824,000 804,928
Cash and cash equivalents at the end of
the reporting period 1,031,754 824,000

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATIN G ACTIVITIES
2022 2021
as restated
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 273,268 781,777
Adjustments for:
Depreciation charges 4140 4140
Gain on investments (85,448) (772,618)
(lncrease)/decrease in debtors (27,733) 12,166
Increase/(decrease) in creditors 43,527
Net cash provided by operations 207,754 23,894
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1/9/21 Cash flow At 31/8/22
£ £ £
Net cash
Cash at bank 824,000 207,754 1,031,754
824,000 207,754 1,031,754
Liquid rcsources
Deposits inchided in cash
Current asset investments 59,867 59,867
59,867 59,867
Total 624,000 267,621 1,091,621

3. INVESTMENT INCOME
2022 2021
as restated
£ £
Rents received 78,700 90,895
Short term accounts 7,289 3,390
85,989 94285
4. INCOME FROM CHARITABLE ACTIVITIES
2022 2021
as restated
Activity £ £
Assessments or share Assessments on churches 285,652 299.664
Sale of closed churches Worship centres 404,252 -
Refund of District levy Worship centres - 130713
Received from closed
churches Worship centres 8,631 9,258
698,535 439,635
5. OTHER INCOME
2022 2021
as restated
£ £
Church sales items and sundry 8,485 16
6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£ £ £
Assessments on churches 441,841 3,160 445,001
Worship centres 89,700 1,580 91,280
531.541 4,740 536,281
7. SUPPORT COSTS
Governance
costs
£
Assessments on churches 3.160
Worsh’p centres 1,580
4,740

OTHER
2022 2021
as restated
£ £
Other expenditure 15,637 11.432
Grants and donations 19,833 58.714
Contributions to District fund 33,438 42,880
68,908 113,026

STAFF cosTs
2022 2021
as restated
£ £
Wages and salaries 204,961 190,432
Social security costs 14,128 15,576
Other pension costs 33,779 40,709
252,868 246,817
The average m onth ly numb er of emoloyees during the year w as as follows:
2022 2021
as restated
Administration and pastoral salaries 5 5
Stipends 5 5
10 10

COMPARATIVES FOR THE STATEMENT OF FINA NCIAL ACTIVITIES
Circuit
Model
Unrestricted Trust Total
funds Fund funds
as restated
£ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities
Assessments on churches 299,664 - 299.664
Worship centres - 139,971 139,971
Investment income 91,064 3,221 94,285
Otherincome 16 - 16
Total 390,744 143,192 533936
EXPENDITURE ON
Charitable activities
Assessments on ciurches 403,499 - 403,499
Worship centres - 8,252 8,252
Other 11,432 101,594 113,026
Total 414,931 109,846 524,777
Net gains on investments 760,308 12,310 772.618
NET INCOME 736.121 45,656 781 .777
RECONCILIATION OF FUNDS
Total funds brought forward 2,647,596 683,219 3,330,815
TOTAL FUNDS CARRIED FORWARD 3,383.717 728,875 4,112,592

2021 Net assets
£
As previously reported 3,352,284
Freehold reclassified to investment property
Investment property reclassified from freehold		 (1,118,455)
1,118,455
Revaluation 760,308
4,112,592

2021 Funds
£
As previously reported 3,352,284
Revaluation reserve 760,308
4,112,592

TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£ £ £
COST
At 1 September 2021 and 31 August 2022 1,339.270 20,703 1,359,973
DEPRECIATION
At 1 September 2021 - 9,595 9,595
Charge for year 4,140 4,140
At 31 August 2022 13,735 13,735
NET BOOK VALUE
At 31 August 2022 1,339,270 6,968 1,346,238
At 31 August 2021 1,339270 11,108 1,350,378

INVESTMENT PROPERTY
£
FAIR VALUE
At 1 September 2021 1,878,763
Revaluation 91,237
At 31 August 2022 1,970,000
NET BOOK VALUE
At 31 August 2022 1,970,000
At 31 August 2021 1.878763
Fair value at 31 August 2022 is represented by
£
Valuation in 2021 1,118,455
Valuation in 2022 851,545
1,970,000

16. DEBTORS: AMOUNTS F ALLING D UE WITHIN O NE YEAR
2022 2021
as restated
£ £
Otherdebtors 47,931 20,198
17. CURRENT ASSET INVESTMENTS
2022 2021
as restated
£ £
Other 59,357
18. CREDITORS: AMOUNTS FAUJNG DUE WITHIN ONE YEAR
2022 2021
as restated
£ £
Other creditors 69,930 26,403
19. MOVEMENT IN FUNDS
Prior Net Transfers
year movement between Al
At 1/9/21 adjustment in funds funds 31/8/22
£ £ £ £ £
Unrestricted funds
General fund 2,623,409 - (77,147) 11,308 2,557,570
Circuit Model Trust Fund 728,875 - 259,178 (11,308) 976,745
Revaluation 760,308 91,237 851,545
3,352,284 760,308 273,268 - 4,385,860
TOTAL FUNDS 3,352,284 760,308 273,268 - 4,385,860
Net movement in funds, included in th e above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund 381,681 (458,828) - (77,147)
Circuit Model Trust Fund 411,328 (146,361) (5,789) 259,178
Revaluation 91,237 91,237
793,009 (605,189) 85,448 273,268
TOTAL FUNDS 793,009 (605,189) 85,448 273,268

Net
movement At
At 1/9/20 in funds 31/8/21
£ £ £
Unrestricted funds
General fund
Circuit Model Trust Fund
Revaluation		 2647,596
683,219
-		 (24,187)
45,656
760308		 2,623,409
728,875
760,308
3,330,815 781,777 4,112,592
TOTAL FUNDS 3,330,815 781777 4,112.592

Incoming Resources Gains and Movement
resources expended losses in funds
£ £ £ £
Unrestricted funds
General fund
Circuit Model Trust Fund		 390.744
143,192		 (414,931)
(109,846)		 -
12,310		 (24.187)
45,656
Revaluation - 760,308 760,308
533,936 (524,777) 772,618 781,777
TOTAL FUNDS 533,936 (524,777) 772,618 781,777