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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|
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||||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|
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|Cornerstone|Hall|F19,523|Less Costs|EO|||
|---|---|---|---|---|---|---|
|Murray
Road||f13,200||E1,267|||
|Roundle
Avenue||F18,360||E3,739|||
|Storrington||615540||52 248|||
|||666623||67254|NET INCOME|559 369|
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|1~ Property
Maintenance|Continue|d|||
|---|---|---|---|---|
|West Sussex Coast and Downs|Methodist|Circuit|2021|2020|
|Council Tax|||19,618|16,586|
|Insurance|||8,853|9,492|
|Lettin
Costs|||7,254|5,399|
|Maintenance|||17,137|22,329|
|Quin
uennials|||560|570|
|Water Rates
TOTAL|||4,192
657,614|3,564
f57,940|
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|||2021|2020|
|---|---|---|---|
|Plans|and Publications|819|1,395|
|Posta|e Print and Statione|2,501|1,385|
|Tele
hone and Website
TOTAL||725
E4,045|859
f3,639|
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||||2021|2021|2020|2020|||
|---|---|---|---|---|---|---|---|---|
|Audit Fee/Accountanc|||4,872||4,889||||
|Bank Char|es|||99||74|||
|Central Pa|roll|||576||576|||
|Local Preachers||||48||26|||
|Miscellaneous||||617|2,|139|||
|Su ernumeraries|||1,359||3,013||||
|Trainin||||425||495|||
|Contingency|Transfers|*|10,829||6,337||||
|Transfers
to Churches|||55,000||55,000||||
|Travel||||140||883|||
|TOTAL|||F73,965||673,432||||
||||||||2021|2020|
|*Justice and Peace Fund|||2020/2021|Provision|||300||
|Pro
ert|Provision||2020/2021|Under S|end||5,529|1,337|
|Removal|and Relocation||2020/2021|Provision|||5,000|5,000|
|TOTAL|||||||F10,829|E6,337|
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|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|
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|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|
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|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|
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