|Contents|||Pacaee|
|---|---|---|---|
|Contents||||
|Report of the Trustees|||2 to 7|
|Names of Managing
Trustees|||8|
|Report of the Independent||Auditors|9to 10|
|Statement
of Financial|Activities||11|
|Balance Sheet|||12|
|Cash flow Statement|||13|
|Notes to the Financial|Statements||14to 27|
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|||Notes to|||Circuit Model|Circuit Model|||||
|---|---|---|---|---|---|---|---|---|---|---|
|||the|General|Fund||Trust|Restricted|Endowment|Total|Total|
|||accounts|(Unrestricted)||(Unrestricted)||Funds|Funds|2022-23|2021-22|
||||F|||F|F|f|E||
|Income|||||||||||
|1
Donations
and legacies|||||||||0|150|
|2
Income from monetary
investments||||14,216||11,133|||25,349|4,348|
|3
Income from properties||||60,087|||||60,087|67,384|
|4
Assessments
on Churches|||491,320||||||491,320|488,308|
|5
Capital Receipts|||||||||0|0|
|6
Grants received|||||||||0|0|
|7
Other charitable
activities|||||||||0|0|
|8Total from charitable
activities|||565,623|||11,133|||576,756|560,190|
|9
Other Income
10 Total income and endowments|||565,623|||11,133|"||0
576,756|0
560,190|
|Expenditure|||||||||||
|11 Grants and donations||9||||71,000|||71,000|35,000|
|12 Salaries and associated costs||10|352,970||||||352,970|331,425|
|13Property
maintenance||11||55,203||11,195|||66,398|106,058|
|14Connexional
assessment||12||80,521|||||80,521|85,014|
|15District Assessment
8 Levy||12||23,830|||||23,830|23,418|
|16 Depreciation|||||||||0|0|
|17Office expenses||13||2,067|||||2,067|2,543|
|18Other outgoings||14||74,828||15,119|||89,947|97,835|
|19Total charitable
expenditure|||589,419|||97,314|||686,733|681,293|
|20 Gains/(losses)
on monetary|investments|||||1,318|||-1,318 -|2,080|
|21 Gains/(losses)
on investment|properties||||||||0||
|22 Net income/(expenditure)||||23,796|-|87,499|||-111,295|-123,183|
|23 Transfers between
funds||15|||||||||
|24 Other gains/losses
(Property)|||1,186,949||||||1,186,949|526,049|
|25 Net rnovernent
in funds|||1,163,153||-|87,499|||1,075,654|402,866|
|26Total funds brought
forward|||7,392,035|||368,171|2,781||7,762,987|7,360,121|
|27Total funds carried forward|||8,555,188|||280,672|2,781||8,838,641|7,762,987|
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|||||General|Fund|Circuit Model|Restricted|Endowment||Totals 2023|Totals 2022|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||(Unrestricted)||Trusts|Funds|Funds||||
||||Notes to the|||(unrestricted)||||||
||||Accounts|E||E|E|E||E|E|
|Fixed Assets||||||||||||
||||||||||||7,038,634|
|Investment
properties||||||||||||
|Investments||||||||||||
|Total|fixed|assets||8,225,583|||||0|8,225,583|7,038,634|
|Current Assets||||||||||||
|Deblors and Prepayments|||BS2||21,873|||||21.873|22,470|
|Loans by Ihe Circuit|||BS2||2,000|||||2,000|3,000|
|Investments
with TMCP|||BS3|||351,672||||351,672|368,171|
|Central Finance Board Deposits|||BS4|481,445||||||481,445|501,618|
|Cash at Bank and in hand|||||12,376||2,781|||15,157|11,254|
|Totaicurrent||assets||617,694||351,672|2,781|||'872,147|906,513|
|Current
liabilities||||||||||||
|Creditors and Accruals (due|in under I||BS5|||||||||
|||||186,089||||||188,089|182,160|
|Grants payable
within 2023-24|||BS6|||47,000||||47,000||
|Total current liabilities||||188,089||47,000||||235,089|182,160|
|Net current assefs/iisbiiiries||||329,605||304,672|2,781|||637,058|724,353|
|Total assets less current iiabiiides||||8,555,188||304,672|2,781||0|8,862,641|7,762,987|
|Long term liabilities||||||||||||
|(due after more than one year)||||||||||||
|Granls payable
from 2024-25|||857|||24,000||||24,000||
|Loans to Ihe Circuit||||||||||||
||Net|assets||8,555,188||280,672|2,781|||8,838,641|7,762,987|
|Funds ofthe Circuit||||||||||||
|General
Fund (Unrestricted)|||BS8|8,555,188||||||8,555,188|7,392,035|
|Circuit Madel Trust Fund (Unrestricted)|||BS9|||280.672||||280,672|368,171|
|Total Unrestricted||Funds||||||||8,835,860|7,760,206|
|Reslricted Funds|||BS10||||2,781|||2,781|2,781|
|Endowment
Funds|||BS10|||||||||
||Total|Funds||8,555,188||280,672|2,781||0|8,838,641|7,762,987|
|West Sussex (Coast and Downs)|Methodist|Methodist|Methodist|Circuit|Circuit||Circuit No|36108|
|---|---|---|---|---|---|---|---|---|
|Cash flow statement
for the year ended||31August||2023|||||
||||||||2023|2022|
|Cash flows from operating
activities:|||||||||
|Net cash provided
by (used in) operating||activities|||||(118,205)|(200,172)|
|Cash flows from investing
activities:|||||||||
|Dividends, interest
and rents from investments|||||||85,436|71,732|
|Disposal of property,
plant and equipment|||||||||
|Net cash provided
by (used in) investing||activities|||||(32,769)|(128,440)|
|Change
in cash and cash equivalents|in the||reporting||period||(32,769)|(128,440)|
|Cash and cash equivalents
at the beginning|||ofthe reporting|||period|881,043|1,009,483|
|Cash and cash equivalents
at the end|ofthe||reporting||period||848,274|881,043|
|Net income / (expenditure)
for the reporting|||period||||(111,295)|(123,183)|
|Adjustments
for:|||||||||
|Dividends,
interest
and rents from investments|||||||(85,436)|(71,732)|
|Decrease / (increase)
in debtors|||||||1,597|(4,268)|
|Increase /(decrease)
in creditors|||||||76,929|(989)|
|Net cash used
in operating
activities|||||||(118,205)|(200,172)|
||||||||2023|2022|
|Analysis
of cash and cash equivalents|||||||f|f|
|Investments
with TMCP|||||||351,672|368,171|
|Central
Finance Board Deposits|||||||481,445|501,618|
|Cash at Bank and
in hand|||||||15,157|11,254|
|Total cash and cash equivalents|||||||848,274|881,043|
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|he Circuit al
ustin
ton.|so made a|contr|ibution
towards the co|sts of the lay employee|contracted
to|
|---|---|---|---|---|---|
|||||2023|2022|
|Methodist~Sti|ends
inciudin||Ni 8 Pension|225,280|216,116|
|URC Ministr|8 Mission|||40,152|48,680|
|La
Em
lo|ees|||66,407|49,084|
|Ex enses -|Post Stationer||etc.|977|843|
|Expenses -|Telephone|and|Broadband|6,422|4,446|
|Ex enses-|Travel|||13,732|12,256|
|TOTAL||||F352,970|F331,425|
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|larly„
it is expected that p
3/24.|larly„
it is expected that p
3/24.|ayments
in||dvance at 1Sep|tember 2023 w|ill be expen|
|---|---|---|---|---|---|---|
|DEBTORS|||||2023|2022|
|Credit Owed re BTincorrect
charg~in|||||41||
|Reimbursement
re Travel||Ex enses|||261||
|1"Monthl|Re a ment re|Rent Holida|||886||
|TOTAL|||||F1,188|KO|
|PREPAYMENTS|||||2023|2022|
|Insurance|||||3,651|3,039|
|Insurance|re Littleham
ton Minister's||Manse|||194|
|A ents Fee re Southdown||Wa|||189||
|Tenanc|De osit Scheme|Fee|||||
|Methodist|Sti ends||||16,777|18,686|
|Methodist|Stipend
A prenticeship
Lev||||62|68|
|Council Tax re Littleham||ton Minister's||Manse||483|
|TOTAL|||||F20,685|F22,470|
|LOANS|TO CHURCHES||||2023|2022|
|Loan to|Shoreham
for Roof Re air|||*||3,000|
|Loan to|Bo nor for Roof Repair||||2,000||
|TOTAL|||||F2,000|F3,000|
||||||2023|2022|
|DEBTORS AND PREPAYMENTS GRAND TOTAL|||||F23,873|F25,470|
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|expected that all sums ac
August 2023.|expected that all sums ac
August 2023.|cr|ued at 31"August 202|2 will be paid during
the|year to|
|---|---|---|---|---|---|
|CURRENT LIABILITIES||||2023|2022|
|Circuit Education
and Youth||||180|180|
|||||1,077|794|
|Propert
Provision||||41,088|36,434|
|Removal
and Relocation||Fund||9,994|10,846|
|TOTAL||||F52,339|F48,254|
|CREDITORS AND|ACCRUALS|||2023|2022|
|Audit Fee||||4,620|4,440|
|Audit Letter Char|e||||14|
|Blake Mor
an Invoice||||4,299||
|Blake Mor
an Outstandin|||Work|1,800||
|BTLancin
Bill|||||69|
|BTOffin
ton Bill|||||66|
|Circuit BBQCosts||||20||
|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|
|Paine Manwarin|Invoice||||108|
|S Harmour
Invoice||||1,440||
|T Kni
ht Invoice||||480||
|TOTAL||||F12,659|F16,760|
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