2020-08-31-accounts - Nottingham Trent Valley Methodist Circuit

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Unrestricted funds	Unrestricted funds
General Fund				E2,109,737
Circuit Model Trust Fund				8946,426
Total unrestricted	funds			f3,056,163
Designated funds
Manse fund				814,730
Beeston Development		Fund
Training fund				f982
Total designated	funds			815,712
Restricted funds
Chaplaincy Fund				834,594
Total restricted funds				834,594
Total funds				E3,106,469
Total undesignated	and		unrestricted	F3,056,163
Funds
Less: invested in	manses			E2,012,868
Uncommitted reserves,			readily
Available				896,869

Circuit Ministers	Officers
Active Circuit Ministers	Revd Susan Holmes —superintendent	minister
	Revd Arnold Dixon
	Revd Christine Fox
	Revd Matthew Fugill
	Revd Alistair Jones
Circuit Stewards	Mr Eric Davies
	Ms Paula Dawson
	Mrs Gill Watts
	Dr Neil Jones
	Mr Martin Sykes
	Mrs Ann Ceurstemont
	Mrs Tracy Shaw
	Richard Collins (from 29/07/2020)
Accountant	Mr Paul Lewis
Administrator:	Mrs Cheryl Smith

Statement of Financial	Statement of Financial	Statement of Financial	Activities	Activities	SOFA	for the ear ended 31	for the ear ended 31	Au	ust	2020
			Notes to			Circuit Model	Designated
			the	GeneralFund		Trust	Funds	Restricted		Endowment	Total
			accounts	(Unrestrtcted)		(Unrestricted)	(Unrestricted)	Funds		Funds	201940
Income
Donations and legacies					360						360
Income from monetary	investments					7,582	143				8,547
Income from investment		properties
Assessments on Churches					315,573						315,573
Capital Receipts						297,577					297,577
Grants received									9,000		9,000
Other charitable income					21,227						21 227
Total income					337,982	305,159			9,000		652,284
Ex enditure
Grants ard donations						8,493	200				8,693
Stipends, Salaries and	associated
costs			10		212,425				8,115		220,540
Property maintenance	&	running
costs					23,480		14,443				37,923
Connexional assessment		& model
trust levy
District Assessment &	Levy		12		77,640	25,408					103,048
Depreciation
Office expenses			13		2,787	911					3,698
Other outgoings			14		1,166						1,166
Total charitable ex ndlture					317,498	34,812	14,643		8,115		375,068
Gains/(losses) on monetary
investments
Gains/(losses) on investment
properties
Net income/(expenditure					20,484	270,347	-14,500				277,216
Transfers between funds			9,11		13,000	OOOO
Other ains/ losses
Net movement in funds					33,484	266,347	-14,500		%,115		277,216
Total funds brought forward					2,076,253	680,079	30,212	42,709			2,829,253
Total funds carried forward					2,109,737	946,426	15,712				3,106,469

								Circuit No
								22/04
Balance Sheet		as at 31August		2020
		GeneraIFund	Circuit Model	Designated	Restricted	Endowment	Totals	Totsbr
		(Unrestricted)	Trusts	Funds	Funds	Funds	2019/20	2018/19
	Notes tothe		(Unrestrkted)	(Un estrfchd)
	Accounts		f	6
Fixed Assets
Grcuit Menses &Equipment		2,012.866					2,012,666	2,012,868
Investment roperties
Investments
Total fixed assets		2,012,868					2,012,868	2,012,868
Current Assets
Debtors	BS2	19,240					19,240	413,097
Loans by the Grcuit
Investments with TMCP			964,262				964,262	455,444
Central Finance Board Deposits		126,108		11,309			172,011	161,096
Cash at Bank and in hand		24,572		4,403	6,000		34,975	28,125
Total current assets		169,920		15,712			1,190,488	1,057,764
Cwrent liabilities
Creditors (due in under 1 year)		73,051			6,000		79,051	217,596
Grants payable within 1 year	BS6		8,653				8,853	12,472
Total current liabilities		73,051	8,853		6,000		87,904	230,068
Net current assetsfiabilities		96,869	955,409	15,712	34,594		1,102,584	827,696
Total assets less cunent liabilities		2,109,737	955,409	15,712	34,594		3,115,452	2,840,564
Long term liabilities
(due after more than one year)
Grants payable after 2020-21 Loans to the Circuit	BS6		8,983				8,983	11,311
Net assets		2,109,737		15,712	34,594		3,106,469	2,829,253
Funds ofthe Circuit
General Fund Unrestricted) Circuit Model Trust Fund (Unrestricted) Designated Funds (Unrestricted Total Unrestrfcted Funds Restricted Funds	BS7 BS7 BS7 BS8	2,109,737	946,426	15,712	34,594		2,109,737 946,426 15,712 3,071,875	2,076,253 660,079 30,212 2,786,544 42,709
Endowment Funds
Total Funds	BS9	2,109,737	946,426	15,712	34,594		3,106,469	2,829,253
					Signed

				2020	2019
Cash flows from operating activities
Net cash income				268669	187021
Adjustments to cash flows from non-cash		items
Depreciation
Investment income
				268669	187021
Working capital adjustments
Decrease/Increase in debtors				393857	(389819)
Decrease/increase in creditors				(144814)	123639
Decrease/increase in deferred	income			321	(13037)
Net cash flows from operating	activities			518033	(92196)
Cash flows from investing activities
Interest receivable and similar	income			8547	5076
Purchase oftangible fixed assets
Net cash flows from investing	activities			8547	5076
Net decrease in cash and cash equivalents				526580	(87120)
Cash and cash equivalents at	1st September			644668	731788
Cash and cash equivalents at	31st August			1171248	644668
Reconciliation of net cash flows to movement			in net funds
Increase in cash				526580	(87120)
Net funds at 1 September 2019				644668	731788
Net funds at 31stAugust 2020				1171248	644668

Nottingham Trent Valley	Nottingham Trent Valley	Circuit	Circuit							Circuit No	22/04
Statement of Financial			Activities		SOFA for the ear		ended	31	Au ust	2019
			Notes to			Circuit Model	Designated
			the	General Fund		Trust	Funds		Restricted	Endowment	Total
			accounts	(Unrestricted)		(Unrestricted)	unrestricted)		Funds	Funds	2018-19
Income
Donations and acies					640
Income from moneta Investments						4,165		115			5,076
Income from investment	pro	rties
Assessments on Churches					351,794						351,794
Capital Receipts						248,417					248,417
Grants received									9,000		9,000
Other charitable income					3,158		1,169				4,327
Total income					356,388	252,582	1,284		9,000		619,254
Ex enditure
Grants and donations						25,083					25,083
Stipends, Salaries and associated costs			10		251,466				9,076		260,542
Property maintenance & costs	running				21,497		10,773				32,2?0
Connexional assessment	& model
trust levy
District Assessment &Le			12		73,248	31,007					104,255
De reciation
Office expenses			13		2,255	1,060					3,315
Other outgoings			14		1,692						1,692
Total charitable expenditure					350,158	57,150	10,773		9,076		427,157
Gains/(losses) on monetary
investments
Gains/(losses) on investment
properties Net income/ expenditure					6,230	195,432	%,489		-76		192,097
Transfers between funds			9,11		-7000	4000	20,000		-9000
Other ains/ losses Net movement in funds					-770	191,432	10,511		4,076		192,097
Tota Ifunds brought forward Total funds carried forward					2,077,023 2,076,253	488,647 680,079	19,701 30,212		51,785 42,709		2,637,156 2,829,253

on a receivable b	asis.
Church	General	CMTF	Desig.	Restricted	Endow	Total2020	2019
Beeston	78,999					78,999	89,522
Bramcote	7,690					7,690	9,394
Breaston	14,386					14,386	14,386
Christ Church	20,150					20,150	22,781
Grangewood	38,564					38,564	44,850
Kingswood	28,785					28,785	31,847
Lenton	13,385					13,385	13,385
Radford	5,150					5,150	5,367
Rylands	7,411					7,411	7,442
Sandiacre	19,780					19,780	20,458
Stapleford	18,521					18,521	20,470
Toton	15,925					15,925	16,050
Trinity	46,827					46,827	55,842
Totals	315,573	0	0		0	315,573	351,794

any historic grants sale.	made by the	Connexion to t	he closed c	hurche	s are reclai	s are reclai	med from	med from	the proceeds	of
		General	CMTF	Desig.	Restricted		Endow		Total 2020	2019
									Wollaton Rd
Gross Sale Proceeds	(Queens Road)		500000						500000	400500
CPF Levy on Property	Sales		(165051)						(165051)	(132278)
Selling Agents Fees			(6000)						(6000)	(4806)
Lega I Fees			(1663)						(1663)	(2037)
Surveyors Fees			(1709)						(1709)	(3522)
GPF Reclaimed Grants			(28000)						(28000)	(9440)
		Totals	297577						297577	248417
		General CMTF		Desig.		Restricted		Endow	Total 2020	2019
District - University	Chaplaincy	Work				9,000			9,000	9,000
		Totals	0 0			9,000			9,000	9,000

				General	Endow	Total 2020	2019
Manses	Rent Income			17,000		17,000
Manses	Utilities	Recharged		1,847		1,847	1,778
Manses	Maintenance		Expenses
Recharged				1,554		1,554	1,169
Insurance	Claim			826		826
Return of unused		grant				0	1,380
			Totals	21,227	0	21,227	4,327

Stipends were paid to 5	presbyters a	nd 1 part time	retired deac	on as f	ollows:
Stipend s National Insurance Contributions	Full Time (5) 126,745 11,616	Part Time (1) 8,284 19	General 135,029 11,634	CMTF	Desig	Restrkted	Endow	Total2020 135,029 11,634	2019 170,549 15,549
Pension fund Contributions			33,426					33,426	45,509
A renticeship Le P11D NI	702		702					702	861 14
Com uters for Ministry Travelling Telephone &Broadband	825 3,947	165 171	3,057 3,947					3,057 3,947	6,332 4,706
Sundry Expenses	180,147	8,639	188,785					188,785	243,518

The cost ofongoing Fund and historically	maintenance a contribution	maintenance a contribution	maintenance a contribution	and of	improvements to all properties F5,000 per quarter was made	improvements to all properties F5,000 per quarter was made	improvements to all properties F5,000 per quarter was made	improvements to all properties F5,000 per quarter was made	improvements to all properties F5,000 per quarter was made	is funded through a Designated Manses from the General Fund. In the year 2019/20	is funded through a Designated Manses from the General Fund. In the year 2019/20	is funded through a Designated Manses from the General Fund. In the year 2019/20	is funded through a Designated Manses from the General Fund. In the year 2019/20	is funded through a Designated Manses from the General Fund. In the year 2019/20
there was no net transfer offunds				as the sum held			within the Manses			Fund was deemed sufficient for its
purposes.
										General	CMTF	Desig.
Manse	Council Tax		Insurance			Water supply	G as & Electric		Repairs Maint Im rove	Sub&otal		Repairs Maint Im rove	Total 2020	2019
Unallocated				3,165						3,165			3,165	2,691
Brookside Avenue		-409						587	1,798	2,005		6,5'l3	8,519	4,298
Cumberland Avenue		2,408				888				3,296		1,984	5,280	4,294
Endsleigh Gardens		1,970				485				2,454			3,119	3,385
Harrow Road		2,532				304				2,836			3,394	7,432
Marshall Drive		1,806				260				2,066		1,298	3,364	2,285
Purbeck Close		2,225				457				2,681		1,933	4,614	3,480
Trenton Drive		628				121		187	876	1,812		1,493	3,305	2,767
Totals		11,159		3,165		2,543		775	2,674	20,316		14,443	34,759	30,631
Letting Expenses
	Agents			Other						General	CMTF	Desig.	Total 2020	2019
Brookside Avenue		1,056		285						1,341			1,341
Trenton Drive		1,188		285						1,473			1,473
Totals		2,244			570					2,814			2,814
Other Property Expenses
										General	CMTF	Desig.	Total 2020	2019
Quinquennial reports													0	1,290
Contribution to StBamabas										350			350	349
										350			350	1,639
Property Totals										23,460		14,443	37,923	32,270

					General	CMTF	Desig. Restricted	Desig. Restricted	Endow	Endow	Total 2020	Total 2020	2019
District Expenses					8,655							8,655	8,655
Methodist Church		Fund			68,985							68,985	64,593
District levy						25,408						25,408	31,007
				Totals	77,640	25,408				0		103,048	104,255
~
	~
						General	CMTF	Desig.	Restricted		Endow Total 2020			2019
Conference Minutes						373							373	955
Printing, postage &		stationery				727							727	356
Independent Examiner's			Fee			1,078							1,078	559
Payroll fees						609							609	385
TMCP Adminllnvestment			Management		Fees		911						911	1,060
					Totals	2,787	911						3,698	3,315
~ - ' ~ -	~		~
							General	CIITF		Desig.		Restr.	Total 2020	2019
Preaching 8 worship:
Production of Plan		&Directory											144	518
Supernumerary	Preaching			Fees			1,022						1,022	868
Palm crosses													0	179
Other expenses:
Training courses	&events												0	69
Gifts													0	48
Misc Items													0	10
						Totals	1,166						1,166	1,692

1.1Cost	or valuation
					Fixtures,
		Investment			Fittings 8	Total
		Properties	Land	Buildings	Equip't
Balance	Brought Forward		402,574	1,610,294	2,000	2,014,868
Additions	in the Year
Revaluations
Less-Disposals in the Year
Transfer	between Categories
Balance	carried Forward		402,574	1,610,294	2,000	2,014,868

Less-Disposals in the Year Transfer between Categories Balance carried Forward 1.2 Accumulated depreciation		402,574		1,610,294	2,000	2,014,868
	N/A		N/A		SL
					3Years
Balance Brought Forward					2,000	2,000
Depreciation Charge for Year
Impairment Provisions
Revaluations
Disposals
Transfers
Balance Carried Forward					2,000	2,000
1.3Net book value
Brought Forward		402,574		1,610,294		2,012,868
Carried Forward		402,574		1,610,294		2,012,868

Property		Ty	Value
1 Cumberland	Avenue	Manse	243,663
100Harrow	Road	Manse	226,412
3 Brookside	Avenue	Manse	177,762
41 Trenton Drive		Manse	202,408
7 Purbeck Close		Manse	268,597
35a Marshall	Drive	Manse	250,251
9Endsleigh	Gardens	Manse	241,201
			1,610,294

Funds is arbitrary but wherever pos	sible balanc	es are	not shown	a	s negative.
							Total at		Total at
	General	CMTF	Desig.	Restricted		Endow	31.08.20		31.08.19
Central Finance Board	126,108		981		34,594			161,683	140,907
HSBC	30,572							30,572	19,285
Central Finance Board - Manses			10,328					10,328	20,191
Other bank accounts - Manses			4,403					4,403	8,840
Totals	156,680		15,712		34,594		0	206,986	189,223
It is expected that all sums accrued	at 31 August 2020		will be paid		during the	year to 31 August			2021.
		General	CMTF		Desig.	Restr.		Total	2019
Income in advance
Assessments Quarter Sept-Nov Quarter		69,233						69,233	74,912
District Grant Chaplaincy Work 2020-21						6,000		6,000
Creditors &Accruah
Ministers' Travel		1,704						1,704
Ministers' Telephone Charges		179						179	56
Printing, Postage, Stationery		452						452
Manse Water Charges		403						403	205
Independent Examination Fees		1,080						1,080	560
Family Worker Pension Contributions	Aug 19								145
Connexional Levy RefSale of Wollaton Road
Church premises									132,278
Reclaimed Property Fund Grants ref Wollaton Road Church Sale									9,440
	Totals	73,051				6,000		79,051	21?,596