2022-08-31-accounts - West Sussex (Coast And Downs) Methodist Circuit

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Contents			~Pa e
Contents
Report ofthe Trustees			2to7
Names of Managing Trustees
Report of the Independent		Auditors	9to 10
Statement of Financial	Activities
Balance Sheet			12
Cash flow Statement			13
Notes to the Financial	Statements		14to 26

		Notes to		Circuit Model	Circuit Model
		the	General Fund		Trust	Restricted	Endowment		Total	Total
		accounts	(Unrestricted)	(Unrestricted)		Funds		Funds	2021-22	2020-21
			E		E	E			E
Income
1 Donations and legacies			150						150	0
2 Income from monetary investments			1,776		2,565				4,348	2,736
3 Income from properties			67,384						67,384	66,623
4 Assessments on Churches			488,308						488,308	514,456
5 Capital Receipts									0	0
6 Grants received									0	0
7 Other charitable activities									0	0
8Total from charitable activities			557,618		2,565				560,190	583,815
9 Other Income									0	0
10 Total income and endowments			557,618		2,565				560,190	583,815
Expenditure
11 Grants and donations		9			35,000				35,000	8,400
12Salaries and associated costs		10	331,425						331,425	342,121
13Property maintenance		11	48,419		57,639				106,058	73,314
14Connexional assessment		12	85,014						85,014	85,564
15District Assessment 8 Levy		12	23,418						23,418	18,149
16Depreciation									0	0
17Office expenses		13	2,543						2,543	4,045
18Other outgoings		14	73,412		24,387	30			97,835	102,083
19Total charitable expenditure			564,231		117,026	30			681,293	633,676
20 Gains/(losses) on monetary	investments				2,080				-2,080	5,135
21 Gains/(losses) on investment	properties
22 Net income/(expenditure)			6,613	-	116,541	30		1	-123,183	-44,726
23Transfers between funds		15				2,201		-2,201
24 Other gains/losses (Property)			526,049						526,049	200,606
25 Net movement in funds			519,436	-	116,541	2,171	-	2,200	402,866	155,880
26Tota I funds brought forwa rd			6,872,599		484,712	610		2,200	7,360,121	7,204,241
27Total funds carried forward			7,392,035		368,171	2,781			7,762,987	7,360,121

								General	Fund	Circuit Model	Restricted	Endowment		Totals 2022	Totals2021
								(Unrestricted)		Trusts	Funds	Funds
							Notes tothe			(Unre stricted)
							Accounts	6		6
Fixod Assets
Circuit Property 6 Equipntent								7,038,634						7,038,634	6,512,585
Investment properties
Investmenls
	Total		ffxed assets					7,038,634					0	7,038,634	6 512585
Curre nt Assets
Debtors and Prepayments							BS2		22,470					22,470	21,202
Loans by the Circuit							BS2		3,000					3,000
Investments with TMCP Central Finance Board Deposits							BS3 BS4	501,618		368,171				368,171 501,618	489,312 509,445
Cash at Bank and in hand							BS4		8,473		2,781			11,254	10,726
Total		cunent assets						535,561		368,171	2,781			906,513	1,030,685
Current liabilities
Creditors and Accruals	(due		in	under		1 yr)	BS5
								182,160						182,160	183,149
rgrants parable v:ithin	2022-23
Toi	I cuirent			liabrliri eel				137.,160						182,160	I83,149
Net current assets'li ebillties								353,401		368,171	2,781			724,353	847,536
Total assets less current				liabliif les				7,392,035		368,171	2,781		0	7,762,987	7,360,121
'Long term liabilities
endue aiier mere ihari nne~eatL
Cran, a payabi .allai 2022-23
Loans !ati'ic C;irr.uit
			il&t		avs~i~			7,392,035		368,171	2,781			7,762,987	7,360,121
Funds ofthe Circuit
General Fund (Unrestricted) Circuit Model Trust Fund (Unrestricted)							BS6 SS	i 392,la".7						7,392,035 368,171	6,872,599 484,712
Total Unrestricted					Funds									7,760,206	7,357,311
Restricted Funds											2.78 I			2,781	610
Endowment Funds
															2,20t)
		Total Funds						7,392,035		368,171	2,781		0	7,762,987	7,360,121

West Sussex (Coast and Downs) Methodist	West Sussex (Coast and Downs) Methodist	West Sussex (Coast and Downs) Methodist	Circuit	Circuit		Circuit No	36/08
Cash flow statement for the year ended	31August		2022
						2022	2021
Cash flows from operating activities:
Net cash provided by (used in) operating	activities					(200,172)	(112,653)
Cash flows from investing activities:
Dividends, interest and rents from investments						71,732	69,359
Disposal of property, plant and equipment
Net cash provided by (used in) investing	activities					(128,440)	(43,294)
Change in cash and cash equivalents in the reporting				period		(128,440)	(43,294)
Cash and cash equivalents at the beginning		ofthe	reporting		period	1,009,483	1,052,777
Cash and cash equivalents at the end of	the	reporting		period		881,043	1,009,483
Net income / (expenditure) for the reporting		period				(123,183)	(44,726)
Adjustments for:
Dividends, interest and rents from investments						(71,732)	(69,359)
(Increase) / decrease in debtors						(4,268)	2,468
Increase / (decrease) in creditors						(989)	(1,036)
Net cash provided by (used in) operating	activities					(200,172)	(112,653)
						2022	2021
Analysis ofcash and cash equivalents						f	f
Investments with TMCP						368,171	489,312
Central Finance Board Deposits						501,618	509,445
Cash at Bank and in hand						11,254	10,726
Total cash and cash equivalents						881,043	1,009,483

Pro ert and Pro ect	Pro ert and Pro ect
Offin	ton Manse Wet Room					20,000
Gorin	Manse Drivewa Refurbishment					8,000
Chichester Manse Boiler Re		lacement				1,739
Gorin	Manse New Front Door and Re lacement			Window	Units	2,900
Rustin	ton Manse Creation	of a Downstairs	Stud			6,100
Rustin	ton Manse Bathroom	Refurbishment				8,500
Gorin	Manse Re lacement	Kitchen				10,400
TOTAL						E57,639

West Sussex	Coast and Downs	Methodist	Circuit	2022	2021
Council Tax				19,014	19,618
Insurance				7,443	8,853
Lettin Costs				6,058	7,254
Maintenance				24,999	17,137
Quin uennials				1,400	560
Water Rates				3,504	4,192
TOTAL				662,418	F57,614
	Less Pro ert	Provision	Transfer	-F13,999
TOTAL				648,419

		2022	2021
Plans	and Publications	963	819
Posta	e Print and Stationer	1,038	2,501
Tele	hone and Website	542	725
TOTAL		f2,543	E4,045

		2022	2021
Bo nor		2,692	2,519
Chichester		6,585	6,988
Durrin ton		517
Fel ham		3,940	3,822
Gorin		4,216	4,201
Lanein		2,427	2,612
Littleham	ton	2,141	2,211
Offin ton		9,040	8,778
Rustin ton		8,353	8,554
Selse		1,356	1,237
Shoreham		2,449	2,588
Southwick		6,169	6,292
Ste nin		1,147	1,292
Storrin	ton	3003	2,870
Wester	ate	965	1,036
TOTAL		f55,000	f55,000

uations are reviewed annually by Meth	uations are reviewed annually by Meth	odist Insurance.
WEST SUSSEX(COAST AND		31"August 2022	31"August 2021
DOWNS METHODIST CIRCUIT
4 Gorse Avenue, Worthin		474,340	437,175
24 Ashurst Drive, Gorin		414,852	382,348
13Southdown Wa, Storrin	ton	361,808	333,460
The Finches, Elm Grove, Lancin		406,817	374,942
Manor Road, Southwick		308,142	283,999
4 Roundle Avenue, Bo nor	Re is	447,615	412,544
Alders ate, Murra Road, Selse		389,236	358,739
60 Westlands, Rustin ton		562,517	518,443
Beth Salem, The Drive, Chichester		694,758	640,323
28 K oto Court, Bo nor Re	is	511,698	471,606
Cornerstone Hall, Worthin		1,083,008	1,009,320
L ndhurst Road, Worthin		1,383,843	1,289,686
TOTAL		E7,038,634	K6,512,585

DEBTORS	DEBTORS						2022	2021
TOTAL							EO	EO
PREPAYMENTS							2022	2021
Insurance							3,039	2,932
Insurance	re Littleham			ton Minister's	Manse		194
Methodist	Sti ends						18,686	17,802
Methodist	Sti end	A	renticeshi Lev				68	66
Council Tax re Littleham				ton Minister's		Manse	483	402
TOTAL							622,470	f.21,202
LOANS	TO CHURCHES						2022	2021
Loan to Shoreham		for	Roof Re air				3,000
TOTAL							E3,000	KO
							2022	2021
DEBTORS AND PREPAYMENTS GRAND TOTAL							K25,470	f21,202

With effect from 17'" June 2022 interest was a The funds in all these accounts are available	With effect from 17'" June 2022 interest was a The funds in all these accounts are available	With effect from 17'" June 2022 interest was a The funds in all these accounts are available	lso received on the account. on demand without charges or	lso received on the account. on demand without charges or	lso received on the account. on demand without charges or	loss of interest.
The Circuit holds an instant access Standard			Deposit account with Methodist			Chapel Aid with
interest being received into the	General	Fund	half-yearly.
BS5Current Liabilities,	Creditors,		Accruals	and Income		in Advance
All sums accrued at 31 August 2021 were paid during the year to 31 August It is expected that all sums accrued at 31"August 2022 will be paid during 31"Au ust 2023.					2022. the year to
CURRENT LIABILITIES				2022		2021
Circuit Education and Youth				180		194
One World —One Famil Formerl		Justice and Peace		794		1,481
Pro ert Provision				36,434		44,348
Removal and Relocation Fund				10,846		12,849
TOTAL				648,254		f58,872
CREDITORS AND ACCRUALS				2022		2021
Audit Fee				4,440		4,320
Audit Letter Char e				14
BTLancin Bill				69		33
BTOffin ton Bill				66		33
Paine Manwarin Invoice				108		850
Paine Manwarin Invoice						94
Just Host Invoice						14
Shell Ener Retail Ltd re Lancin		Manse				82
Outstandin Grant to Selse	Church					2,400
Outstandin Work at Offin	ton Manse			1,550
Outstandin Work at Gorin	Manse			7,800
Outstandin Work at Gorin	Manse			2,313
Outstandin Work at Rustin	ton Manse			400
TOTAL				f16,760		F7,826
INCOME IN ADVANCE				2022		2021
Assessments in Advance				117,146		116,451
TOTAL				f117,146		f116,451
				2022		2021
GRAND TOTAL				f182,160		F183,149