|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|||||Amount|| |---|---|---|---|---|---|---|---| |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| ## ## ## ## ##