2022-08-31-accounts - North West Durham Methodist Circuit

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	Notes to	Notes to		Circuit	Model	Designated
		the	General Fund	Trust		Funds	Restricted	Endowment	Total
	accounts		(Unrestricted)	(Unrestricted)		(unrestricted)	Funds	Funds	2021-2022
			E	E		E	E	E	E
Income
1 Donations and legacies			20,000						20,000
2 Income from monetary investments			904		1,613		17		2,534
3 income from investmsnt properties 4 Assessments on Churches			8,423 "136,825'						8,423 136,825
5 Capital Receipts
6 Grants received							18,422		18&422
7 Other charitable income			384						384
8Total Income			166,536		1,613		18,439		186,588
Expenditure
9 Grants and donations		17	11,367				422		11,789
10Salaries and associated costs		10	83,138				26,662		112,000
11 Property maintenance	12	to 14	19,790	'					19,790
12Connsxlonal assessment & model trust levy
13District Asssssmsnt & Levy			'41,696	19,106					60,804
14Depreciation
15Offic expenses		11	5,135				1,106		6,241
16Other outgoings 17Total charitable expenditure		16	7,320 168,446	$,058 20,166			1.1 30,401		8,389 219,013
18Gains/(losses) on monetary	investments				177				177
19Gains/(losses) on invsstmsnt	properties		221,109						221,109
20 Net Income/(expenditure)			219,199	-18,730			-11,962		188,507
21 Transfers between funds			1,559	-23,559			22,000
22 Other gains/(losses)
23 Net movement In funds 24Total funds brought forward 25Total funds carried forward			220&758 ' 468,$38 689,696	-42,289 37.1,439 329&150		95,648, 95,648	10,038 .;;:37,461 47,499		188,507 973,486 1,161,993
For lnfromation only Money received and passed on to			External Organisations
Balance brought Forward from 2021-22
Offerings/Gifts -received for External Organisations					211
Offerings/Gifts -paid to External	organisations				211
Balance carried forward

Statement of Financ	ial Activi	ties (S	OFA) for the	year ended	31 August	2021
		Notes to		Circuit Model	Designated
		the	General Fund	Trust	Funds	Restricted	Endowment	Total
		accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds	2020-2021
			2	E	E	2	E
Income
1 Donations and legacies 2 Income from monetary investmsnts 3 Income from investment properties 4 Assessments on Churches 5 Capital Receipts			'' 176 7,621 144,738	' 1,574		390 . 12,.		390 1,762 7,621 144,738
6 Grants received 7 Other charitable income 8Total income			403 152,938	19a094 20,668		10,000 12,126 22,528		10,000 31,623 196,134
Expenditure
9 Grants and donations		17
10Salaries and associated costs 11 Property maintenance 12Connexional assessment &model trust le		10 12to 14	95,528 15,283 .			25,176		120,704 15,283
13District Assessment & Levy 14 Depreciation			40,482	28,601				69,083
15Office expenses 16Other outgoings 17Total charitable expenditure 18Gains/(losses) on monetary 19Gains/(losses) on investment 20 Net income/(expenditure) 21 Transfers between funds 22 Other gains/(losses)	investments properties	11 16	3,'293 5,803 160,389 12,000 4,549 430	997 29,598 435 -8,495 -118,078	95,648	323 1,555 27,054 -4,526 22,000		3,616 8,355 217,040 435 12,000 -8,472
23 Net rnovemsnt In funds 24 Total funds brought forward 25 Total funds carried forward			463a9$9 . 468,938 4,979	498,012 371,439 -126,573	95,648 95,648	17,474 '19,987 37,461		-8,472 981,958 973,486

																			GN
									General	Fund	Circuit Model	Designated	Restricted		Endowment		Totals	Totals
									glnrestrlcted)		Trusts	Funds	Funds		Funds		2021l22	2020/2'I
								Notes to ths			IUnrestrlctedl	lUnrestrlctedl
								Accounts			2	2	9		2
Rxed Assets
Circuit Menses &		E		ui	ment			15		158,457							156,457	160,348
investment	ro	rlies						15	420,000								420,000	197,000
investments
					Total	tbred	assets		578,457							0	578,457	357,348
Current Assets
Debtors								19		7,721							7,721	8,209	S
Loans b the Circuit
Investments	with TMCP							18			329,150			3,721			332,871	375,154
Central Rnsnce Board Deposits										87,729				43,778			227,155	207,933	T
Cash at Bank and			in	hand				19		39,460							39,450	42,403
				Total current			assets		134,900		329,150	95,648		47,499			607,197	633,699
Current liabilities
Creditors (due In under					1 year)			20		23,661							23,661	17,561	U
																		0	V
			Total currant llsbllltles							23,661	0	0			0	0	23,661	17,561
	Nel current assets/Jlsblllttes								111+39		329,150	95,648		47,499		0	583,536	616,138
Tolal	assets		less current liabilities						689,696		329,150	95,648		47,499		0	1,161,993	973,486
Long term	liabilities						(due
after more	than	one			ear
Grants 6 abls after				2018-19														0	V
Loans to the	Circuit																	0
																		0
						Netsssets			689,696		329,150	95,648	47,499				1,161,993	973,486	W
Funds ofthe Circuit
General Fund Unrestricted									689,696								689,696	468,938
Circuit Model	Trust		Fund		(Unrestricted)						329,150						329,150	371,439
Designated	Funds		(Unrestricted)									95,648					95,648	95,648
	Total			Unrestricted			Funds										1,114,494	936,025
Restricted Funds														47,499			47,499	37,461
Endowment	Funds
					Total		Funds		689,696		329,150	95,648	47,499			0	1,161,993	973,486
													Signed
													Circuit	Treasurer

					2021-22	2020-21
					f	E
a. Debtor and	re a ments
Stipends Pre-paid					6,424	6,120
Accrued income
Other debtors					1,297	2,089
Total debtors and	prepayments				7,721	8,209
b. Cash and bank	balances
CAF Bank					39,397	42,297
Office cash &cheques awaiting		paying	in
Petty cash					53	106
Total Cash and Bank					39,450	42,403
20.Analysis ofcurrent liabilities		and	longterm	creditors	2021-22	2020-21
Assessments in advance					21,256	16,080
Other Creditors					2,405	1,481
Total Current Liabilities					23,661	17,561