2021-08-31-accounts - West Sussex (Coast And Downs) Methodist Circuit

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Contents		~Pa e
Contents
Report ofthe Trustees		2to9
Names of Managing Trustees		10
Report ofthe Independent	Auditors	11to 13
Statement of Financial Activities		14
Balance Sheet		15
Cash flow Statement		16
Notes to the Financial Statements		17to 28

			Notes to		Circuit Model	Circuit Model
			the	General Fund		Trust	Restricted		Endowment		Total		Total
			accounts	(Unrestricted)	(Unrestricted)			Funds	Funds		202021		2019.20
				6					r.		f.
income
1 Donations ar d legaaes											0		1,393
2 Income from monetary tnveslments				613		2, 116			7	F	2,736		8,301
3 Income from properties				66,623							66,623		55,138
4 Assessments on Churches				514,456							514,456		508,876
5 Capital Receipts											D		0
6 Grants received											0		0
7 Other chartable activities											0		0
8Total from charitable activities				581,692		2,116			7		583,815		573,708
9 Other Inccme											D		0
10 Total income and endowments				581,692		2,118					583,815		573,708
Expenditure
11 Grants and donations			9			8,409					8,4)0		21$62
12Salanes ard associated costs			10	342,121							342,121		324,716
13Property maintenance			11	57,614		15,700					73,314		79,760
14Connexional assessment			12	85,564							85,564		88,880
15District Assessment &Levy			12	18,149							18,149		19484
16Depreciation											0		0
17Offce expenses			13	4,045							4,045		3,639
18Other outgoings			14	73,965		28,084		30			102,083		106202
19Total charitable expenditure				581/58		52,184		30			633,676		643,743
20Gans/(leases) on monetary	Investments					5,135					5,135	~	502
21Gans/(losses) on investment		properlies
22 Net income/(expenditure)				234	-	44,933			3		&,726		-70,537
23 Transfers between funds			15
24Other gains/losses (Property)				200,606							200,606		190,235
25 Net movement in funds				200,840	-	44,933	~	27			155,880		44,230
26Total funds broughtfonvar;I				6,671,760		529,644		637	2,200		7,204,241		7,128,773
27Total funds carried forward				6,872,6X		484,711		610	2,200		7,360,121		7,084,543

West Sussex (Coast and Downs) Methodist	West Sussex (Coast and Downs) Methodist	West Sussex (Coast and Downs) Methodist	Circuit	Circuit		Circuit No	36I08
Cash flow statement for the year ended	31August		2021
							2020
Cash flows from operating activities:
Net cash provided by (used in) operating	activities					(112,653)	(126,094)
Cash flows from investing activities:
Dividends, interest and rents from investments						69,359	63,439
Disposal ofproperty, plant and equipment
Net cash provided by (used in) investing	activities					(43,294)	(62,655)
Change in cash and cash equivalents in the reporting				period		(43,294)	(62,655)
Cash and cash equivalents at the beginning		ofthe	reporting		period	1,052,777	1,115/32
Cash and cash equivalents at the end of	the	reporting		period		1,009,483	1,052,777
Net income / (expenditure) forthe reporting		period				(44,726)	(70,537)
Adjustments for:
Dividends, interest and rents from investments						(69,359)	(63,439)
(Increase) / decrease in debtors						2,468	(2,739)
Increase /(decrease) in creditors						(1,036)	10,621
Net cash provided by (used in) operating	activities					(112,653)	(126,094)
						2020	2019
Analysis ofcash and cash equivalents							f
Investments with TMCP						4-89,312	542,613
Central Finance Boarcl Deposits						509,445	501,878
Cashat Bnkandinhanci						10,726	8,286
Total cash and cash equivalents						1,009,483	1,052,777

year there was no increas x Linking was 0%.	e in the	v	alu	ations of Corn	ations of Corn	ations of Corn	erstone	Hall a	nd Lyndhurst Road
WEST SUSSEX(COAST	AND			31"August			2021		31"August 2020
DOWNS IIETHODIST CIRCUIT
4Gorse Avenue, Worthin							437,175		416,361
24 Ashurst Drive, Gorin							382,348		364,145
13Southdown Wa, Storrin ton							333,460		317,584
The Finches, Elm Grove, Lancin							374,942		357,091
Manor Road, Southwick							283,999		270,478
4 Roundle Avenue, Bo nor Re is							412,544		392,903
Alders ate, Murra Road,	Selse						358,739		341,660
60 Westlands, Rustin ton							518,443		493,760
Beth Salem, The Drive, Chichester							640,323		609,838
28 K oto Court, Bo nor Re is							471,606		449,153
Cornerstone Hall, Worthin						1,009,320			1,009,320
L ndhurst Road, Worthin						1,289,686			1,289,686
TOTAL						F6,512,585			F6,311,979
S2 Debtors and Prepayments
ms shown as Debtors and	Paid in Advance				at 1 September 2020 have been brought int
ounts during 2020/21. ilarly, it is expected that payments		in advance at				1"September 2021 will be expensed
1/22.
DEBTORS							2021		2020
Cornerstone Hall Electricit	Reimbursement								58
TOTAL								KO	E58
PREPAYMENTS							2021		2020
Insurance							2,932		3,091
Insurance re Littleham ton Minister's			Manse						180
Methodist Sti ends							17,802		18,958
Methodist Sti end A renticeshi		Lev						66
Council Tax re Littleham	ton Minister's			Manse				402	447
Adur DC Over a ment re	Lancin	Manse							607
Lancin Glass Works De	osit re Offin			ton	Manse				329
TOTAL							f21,202		F23,612
							2021		2020
DEBTORS AND PREPAYMENTS			GRAND TOTAL				f21,202		f23,670

expected that all sums a Au ust 2022.	ccrued at 31"August	2021 will be paid during the	year to
CURRENT LIABILITIES		2021	2020
Pro ert Provision		44,348	36,985
Removal and Relocation	Fund	12,849	7,849
Circuit Education and Youth		194	194
Justice and Peace Fund		1,481	181
TOTAL		F58,872	F45,209

5Current Lia ntinued	bilities, Cr	bilities, Cr	e	ditors, Accr	uals a	nd Income	in Advan
CREDITORS AND	ACCRUALS					2021	2020
Audit Fee						4,320	4,200
BT Lancin Bill						33	72
BT Offin ton Bill						33	72
Paine Manwarin	Invoice					850
Paine Manwarin	Invoice					94
Just Host Invoice						14
Shell Ener Retail Ltd re Lancin				Manse		82	68
La Em lo ee Ex	enses						104
DW Electrical Invoice re Lancin				Manse			144
Gu Leonard Gas	Re air Invoices			re Southdown	Wa		150
Minister's Ex enses							90
Our Move Rent Re a ment		re Roundle Avenue					625
Outstandin Grant	to Littleham		ton Church				10,769
Outstandin Grant	to Selse	Church				2,400
TOTAL						f7,826	F16,294
INCOME IN ADVANCE						2021	2020
Assessments in Advance						116,451	122,682
TOTAL						f116,451	f122,682
						2021	2020
GRAND TOTAL						f183,149	f184,185