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2021-08-31-accounts

Unrestricted
funds		 Unrestricted
funds
General
Fund		 E2,108,125
Circuit Model Trust Fund f862.268
Total unrestricted funds E2,970,393
Designated
funds
Manse fund f17,973
Beeston Development Fund
Training
fund		 f982
Total designated funds F18,955
Restricted funds
Chaplaincy
Fund		 f25,523
Total restricted funds f25,523
Total funds F3,014,871
Total undesignated and unrestricted E2,989,348
Funds
Less: invested
in		 manses E2,012,868
Uncommitted
reserves,		 readily
Avai able f123,973

Circuit Ministers
and Of		 ficers
Active Circuit Ministers Revd Susan Holmes —superintendent minister, (retired 31/08/21)
Rev Ruth Simpson - superintendent minister, (appointed 01/09/21)
Revd Arnold
Dixon
Revd Christine
Fox
Revd Matthew
Fugill
Revd Alistair Jones
Circuit Stewards Mr Eric Davies
Ms Paula Dawson (resigned 21/04/21)
Mrs Gill Watts
Dr Neil Jones
Mr Martin Sykes
Mrs Ann Ceurstemont (resigned 31/08/21)
Mrs Tracy Shaw
Richard Collins
Accountant Mr Paul Lewis
Administrator Mrs Cheryl Smith

Nottingham
Trent		 V all ey Circuit Circuit No 22/04
Statement of Financial Activities (SOFA) for the year ended 31 August 2021
Notes to Circuit Model Designated
the General Fund Trust Funds Restricted Endowment Total
accounts (Unrestricted) (Unrestricted) (unrestricted) Funds Funds 2020-21
F f f F F f
Income
Donations
and legacies		 99 99
Income from monetary investments 186 3,044 15 3,?45
Income from investment properties
Assessments
on Churches		 297,769 297,769
Capital Receipts
Grants received 12,000 12,000
Other charitable
income		 27,063 27,063
Total income 325,117 3,044 15 12,000 340,176
Expenditure
Grants and donations 302 17,704 18,006
Stipends, Salaries and associated
costs 10 209,129 15,071 224,200
Property
maintenance
and		 running
costs 26,842 8,772 35,614
District Assessment
& Levy		 12 83,672 63,570 147,242
Office and administration expenses 13 3,920 1,928 5,848
Other outgoings 14
Total charitable expenditure 324,729 83,202 8,772 15,071 431,774
Gains/(losses)
on monetary
investments
Gains/(losses)
on investment		 properties
Net income/(expenditure) 388 40,158 -8,757 4,071 -91,598
Transfers
between funds		 9,11 -2000 4000 12,000 4000
Other gains/(losses)
Net movement
in funds		 -1,612 -84,158 3,243 -9,071 -91,598
Total funds brought forward 2,109,737 946,426 15,712 34,594 3,106,469
Total funds carried forward 2,108,125 862,268 18,955 25,523 3,014,871
Nottingham
Trent Valley Circuit		 Nottingham
Trent Valley Circuit		 Nottingham
Trent Valley Circuit		 Nottingham
Trent Valley Circuit		 Circuit No
22(04		 Circuit No
22(04
Balance Sheet as at 31 August 2021
General Fund Circuit Model Designated R~ Endowment Totals Totals
(Unrestricted) Trusts Funds Funds Funds 2020/21 2019I20
Notes to the (Un esticted) (Unrestricted)
Accounts 6 6
Fixed Assets
Circuit Manses &Eqdpment BS1 2,012,868 2,012,868 2,012,868
Investment
properties
investments
Total fixed assets 2,012,868 0 2,012,868 2,012,868
Current Assets
Debtors BS2 23,429 23,429 19,240
Loans by the Circuit
Investments
with TMCP		 BS3 875,719 875,719 964,262
Central Finance Board Deposits 108,804 10,342 25,523 144,669 172,011
Cash at Bank and in hand 38,374 8,613 6,222 53,209 34,975
Total cunent assets 170,607 875,719 18,955 31,74S 1,097,026 1,190,488
Current
liabilities
Creditors (due in under 1 year) BSS 75,350 81,572 79,051
Grants payable
within		 2021-22 BS6 11,190 11,190 8,853
Total current liabilities 75,350 11,190 6,222 92,762 87,904
Het current asseteflabili ties 95,257 864,529 18,955 25,523 1,004,264 1,102,584
Total assets less current liabilities 2,108,125 864,529 18,95S 25,523 0 3,017,132 3,115,452
Long term liabilities
(due after more than one year)
Grants payable after 2021-22 BS6 2,261 2,261 8,983
Loans Iothe Circuit
Het assets 2,108,125 862,268 18,955 25,523 3,014,871 3,106,469
Funds ofthe Circuit
General
Fund (Unrestricted)		 BS7 2,108,125 2,108,125 2,109,737
Circuit Model Trust Fund (Unrestricted) BS7 862,268 862,268 946,426
Designated
Funds (Unrestricted)		 BS7 18,955 18,955 15,712
Total Unrestricted Funds 2,989,348 3,071,875
Restricted
Funds		 BS8 25,523 25,523 34,594
Endowment
Funds
Total Funds BS9 2,108,125 862,268 18,955 25,523 0 3,014,871 3,106,469
Signed

2021 2020
Cash flows from operating
activities
Net cash income (expenditure) (94843) 268669
Adjustments
to cash flows from noncash		 items
Depreciation
Investment
income
(94843) 268669
Working capital adjustments
Decrease/(increase)
in debtors		 (4189) 393857
Increase/(decrease)
in creditors		 (3952) (144814)
Increase/(decrease)
in deferred
income		 2088 321
Net cash flows from operating
activities		 (100896) 518033
Cash flows from investing
activities
Interest receivable
and similar income		 3245 8547
Purchase of tangible
fixed assets
Net cash flows from investing
activities		 3245 8547
Net increase/(decrease)
in cash and cash equivalents		 (97651) 526580
Cash and cash equivalents
at 1st September		 1171248 644668
Cash and cash equivalents
at 31stAugust		 1073597 1171248
Reconciliation
of net cash flows to movement		 in net funds
Increase/(decrease)
in cash		 (97651) 526580
Net funds at 1 September 2020 1171248 644668
Net funds at 31stAugust 2021 1073597 1171248

g
 aey r u Circuit No 22/04
Statement of Financial Activities SOFA for the ear ended 31Au ust 2020
Notes to Circuit Model Designated
the General Fund Trust Funds Restricted Endowment Total
accounts (Unrestricted) (Unrestricted) (Unrestricted) Funds Funds 2019-20
Income
Donations
and legacies		 360 360
Income from monetary investments 822 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 21/27
Total income 337,982 305,159 9,000 652,284
Ex enditure
Grants and 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 expenditure 317,498 34,812 14,643 8,115 375,068
Gains/(losses)
on		 monetaiy
investments
Gains/(losses)
on		 investment
properties
Net income/(expenditure) 20/84 270,347 -14,500 885 277,216
Transfers between funds 9,11 13,000 -4000 -9000
Othergains/posses)
Net movement
in		 funds 33/84 266,347 -14,500 %,115 277,216
Total funds brou ht forward 2,076,253 680,079 30,212 42,709 2,829,253
Total funds carried forward 2,109,737 946,426 15,712 34,594 3,106,469
n a receivable basis.
Total
Church General CMTF Desig. Restricted Endow 2021 2020
Beeston 67,148 67,148 78,999
Bramcote 6,536 6,536 7,690
Breaston 12,228 12,228 14,386
Christ
Church 18,396 18,396 20,150
Grangewood 37,900 37,900 38,564
King swood 27,592 27,592 28,785
Lenton 13,384 13,384 13,385
Radford 11,580 11,580 5,150
Rylands 7„068 7,068 7,411
Sandiacre 18,584 18,584 19,780
Stapleford 17,280 17,280 18,521
Toton 15,925 15,925 15,925
Trinity 44,148 44,148 46,827
Totals 297,769 0 297,769 315,573
made
by		 the Connexio n
to t		 he closed church es a re reclaim re reclaim ed
from		 the procee ds ofsal ds ofsal e. e.
General CMTF Desig. Restricted Endow Total 2021 2020
Queens
Rd
Gross Sale Proceeds (Queens Road) 500000
CPF Levy on Property Sales 0 (165051)
Selling Agents Fees (6000)
Legal Fees (1663)
Surveyors Fees (1709)
GPF Reclaimed Grants (26000)
Totals 297,577
General CMTF Desig. Restricted Endow Total 2021 2020
District - University
Chaplaincy		 Work 12,000 12,000 9,000
Totals 0 0 0 12,000 12,000 9,000
~
~
Total
General CMTF Desig. Restricted Endow 2021 2020
Manses Rental Income 22,618 22,618 17,000
Manses Utilities Recharged 1,899 1,899 1,847
Manses Maintenance Expenses
Recharged 156 156 1,554
Removal &Relocation Costs
Recovered 2, 100 2, 100 826
Farewell present SH 290 290
Totals 27,063 0
27,063		 21,227

Stipends were paid to 5 pres byters
and 1 p		 art time retired deacon
(in year 20		 20 only) as foll ows:
Full Time (5) Part Time (1) General Restricted Total 2021 2020
Stipend s 130,172 130,172 130,172 135,029
National
Insurance
Contributions		 12,002 12,002 12,002 11,634
Pension fund Contribu6ons 34,330 34,330 34,330 33,426
Apprenticeship
Levy		 711 711 711 702
P11DNational
Insurance
Computers
for Ministry		 845 990
Travelling 2,018 2,018 2,018 3,057
Telephone
&Broadband		 4,124 4,124 4,124 3,947
Removal, Stationing
&Relocation Costs		 4,364 4,364 4,364
Sundry Expenses 188,750 184
188,750		 188,750 188,785

a net transfer offu nds off1 2,000to t he Manses Fun he Manses Fun d as this was deem ed
su		 fficient fo r its purp oses.
General CMTF Desig.
Manse Council
Tax		 Insurance Water
supply		 Gas &
Electric		 Repairs
Maint
Im rove		 Sub-total Repairs
Maint
Im rove		 Total
2021		 2020
Unallocated 184 184 184
Brookside Avenue 379 1,650 2,029 2,029 8,894
Cumberland
Avenue		 2,458 426 874 3,759 312 4,071 5,696
Endsleigh
Gardens		 2,042 486 485 3,014 1,427 4,441 3,602
Harrow Road 2,644 398 204 3,246 1,452 4,698 3,783
Marshall
Drive		 1,872 439 288 24 2,623 5,190 7,813 3,797
Purbeck Close 2,283 461 478 3,222 391 3,613 5,068
Trenton
Drive		 486 612 1,098 1,098 3,736
Totals 11,300 3,261 2,329 2,286 19,176 8,772 27,948 34,760
Letting Expenses Total
Agents Other General CMTF Desig. 2021 2020
Brookside Avenue 1,389 1,389 1,389 1,341
Trenton
Drive		 1,596 240 1,836 1,836 1,473
Totals 2,986 240 3,226 3,226 2,814
Other Property Expenses Total
General CMTF Desig. 2021 2020
Quinquennial
reports		 4,440 4,440
Contribution
to St
Bamabas 0 350
4,440 4,440 350
Property
Totals		 26,842 8,772 35,614 37,924
ercentage ofthe Circu it's CMTF account bal ance as at 31 August the pre vious
acc		 ounting
yea		 r.
Total
General CMTF Desig. Restricted Endow 2021 2020
District Expenses 9,949 9,949 8,655
Methodist Church Fund 73,723 73,723 68,985
District Levy on CMTF Funds 63,570 63,570 25,408
Totals 83,672 63,570 147,242 103,048
0 - ~ ~
Total
General CMTF Desig. Restricted Endow 2021 2020
Conference
Minutes		 1,198 1,198 373
Printing,
postage		 &stationery 751 751 727
Independent
Examiner's		 Fee 1,100 1,100 1,078
Payroll fees 609
Bank Charges
TMCP Admin/Investment Management Fees 1,928 1,928 911
Totals 3,920 1,928 5,848 3,698
~ - '
~
-		 ~ ~ ~ ~
Total
General CMTF Desig. Restr. 2021 2020
Preaching
&worship:
Production
of Plan &		 Directory 19 19 144
Supernumerary Preaching Fees 217 217 1,023
Zoom Fees 278 278
Other expenses:
Study Books, Videos 56
SH Farewell
Gift		 290 290
Misc Items
Totals 0 864 1,166

Balance Brought Forward Balance Brought Forward
Depreciation Charge for Year
Impairment Provisions
Revaluations
Disposals
Transfers
Balance Carried Forward

Property Type Value
1 Cumberland Avenue Manse 243,663
100 Harrow 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
9 Endsleigh Gardens Manse 241,201
1,610,294
hat payments
in adv		 anc e at 1 Sep tember 2021 will be e xpensed
i		 n 2021-2022.
Total
General CMTF Deslg. Restr 2021 2020
Prepay ments
September
'21 Stipends		 and expenses 14,894 14,894 14,719
Insurance 1,789 1,789 1,645
Water Charges 108 108
Council Tax 1,005 1,005 929
Payroll Services Fees 500 500 500
Family Worker 498 498
18,795 18,795 17,906
Accrued Income
Manses Recharged Utilities & Repairs 1,112 1 112
Share of Relocation and Removal costs 2,100 2,100
Recharged
Family Worker costs		 817 817
NEST Refund 40 40
Ministers'
Telephone		 & Broadband
Contributions 565 565 980
Totals 23,429 23,429 19,240

t is expected that all sums accrued at 31 Augu st 2021 wi ll be paid during th e year to 31 August 2 022.
Total
General CMTF Desig. Restr. 2021 2020
Income in advance
Assessments
Quarter Sept-Nov Quarter		 68,080 68,080 69,233
District Grant Chaplaincy
Work 2021-22		 6,000 6,000 6,000
SMP for Family Worker 2021-22 3,261 3,261
Creditors 8 Accruals
Ministers'
Travel		 1,072 1,072 1,704
Ministers'
Telephone
Charges		 182 182 179
Printing, Postage, Stationery 184 184 452
Manse Water Charges 377 377 403
Independent
Examination
Fees 20-21		 1,100 1,100 1,080
Lay Staff Pension
Contributions
Aug 21		 210 58 268
Apprenticeship
Levy Charges 18-21		 593 164 757
Farewell
Gift to Circuit Superintendent		 290 290
Totals 75,350 6,222 81,572 79,051