##
##
##
##
|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|and|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|CMTF|Desig.|Restricted|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|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|
##
##