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2021-08-31-accounts
| CircuitMinistersandofficers |
|
|
| ActiveCircuitMinisters |
RevFelicityJepson-Randall |
-Resigned31August2021 |
|
RevLoretteHinson |
|
|
RevHeegonMoon |
-Resigned31August2021 |
|
DeaconJonathanMiller |
|
| CircuitStewards |
MrsMargaretBirch |
|
|
MrsSharonKnox |
|
|
MrsHazelTowle |
|
|
MrIanLedgard |
|
|
MrsAnnMaggs |
|
| Administrator |
MrsEmilyJames |
|
| Nameoftreasureractedasthe |
principalofficeroverseeingthedaytodayfinancialmanagementandaccountingforthe |
|
| circuitduringtheyear. |
|
|
|
MrsMargaretBirch |
|
| Trustees |
|
|
| CLloyd |
|
|
| JLewis |
|
|
| PLloyd |
|
|
| MDavies |
|
|
| RevHWilson |
|
|
| JGriffiths |
|
|
| GJenkins |
|
|
| JHicks |
|
|
| DBrock |
|
|
| JKinder |
|
|
| NFletcher |
|
|
| ALloyd |
|
|
| RMaudsley |
|
|
| JCorby |
|
|
| AMaggs |
|
|
| MBird |
|
|
| SKnox |
|
|
| RevDMurfin |
|
|
| LWilson |
|
|
| SBonser |
|
|
| RevLHinson |
|
|
| P Barkley |
|
|
| ALaws |
|
|
| EGriffiths |
|
|
| SDavies |
|
|
| JCooper |
|
|
| RevFJepson-Randall |
Resigned31August2021 |
|
| MBirch |
|
|
| HTowle |
|
|
| JBirch |
|
|
| NWilliams |
|
| HThomas |
|
| ASamuel |
|
| KHunt |
Resigned31August2021 |
| ALewin |
|
| JWalker |
Resigned31August2021 |
| SDenman |
|
| GDavies |
|
| DWillingham |
Resigned31August2021 |
| MEvans |
|
| EDavies |
|
| JBaker |
Resigned31August2021 |
| ILedgard |
|
| KBackhousc |
|
| MMoules |
|
| MThomas |
|
| DHodson |
|
| RevMoon |
Resigned31August2021 |
| RevCChallis |
Appointed1September2021 |
| RevDrSWigley |
Appointed1September2021 |
| DMorris |
Appointed1September2021 |
| SAmor |
Appointed1September2021 |
| RSmith |
Appointed1September2021 |
| IndependentExaminer |
|
| MarkJonesBScFCA |
|
| ICAEW |
|
| ClayShawButler |
|
| CharteredAccountants |
|
| 24LammasStreet |
|
| Carmarthen |
|
| Carmarthenshire |
|
| SA313AL |
|
|
|
|
|
|
31.8.21 |
31.8.20 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
funds |
funds |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| INCOME AND |
|
|
|
|
|
|
| ENDOWMENTSFROM |
|
|
|
|
|
|
| Donationsand legacies |
|
212,725 |
|
|
212,725 |
14,687 |
| Charitableactivities |
|
|
|
|
|
|
| General |
|
138,056 |
59,020 |
|
197,076 |
220,809 |
| Investmentincome |
|
18,332 |
|
|
18,332 |
15,214 |
| Otherincome |
|
|
|
|
|
1,058 |
| Total |
|
369,113 |
59,020 |
|
428,133 |
251,768 |
| EXPENDITUREON |
|
|
|
|
|
|
| Raisingfunds |
|
4,241 |
|
|
4,241 |
9,879 |
| Charitableactivities |
|
|
|
|
|
|
| General |
|
252,727 |
47,559 |
|
300,286 |
230,223 |
| Total |
|
256,968 |
47,559 |
|
304,527 |
240,102 |
| Netgainsoninvestments |
|
5 |
|
5 |
10 |
6 |
| NETINCOME |
|
112,150 |
11,461 |
|
123,616 |
11,672 |
| RECONCILIATIONOF |
|
|
|
|
|
|
| FUNDS |
|
|
|
|
|
|
| Totalfundsbroughtforward |
|
1,168,501 |
11,438 |
3,769 |
1,183,708 |
1,172,036 |
| TOTALFUNDSCARRIED |
|
|
|
|
|
|
| FORWARD |
|
1,280,651 |
22,899 |
3,774 |
1,307,324 |
1,183,708 |
|
|
|
|
|
31.8.21 |
31.8.20 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
Total |
|
|
iunds |
funds |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| FIXEDASSETS |
|
|
|
|
|
|
| Tangibleassets |
1 1 |
655,027 |
|
|
655,027 |
669,799 |
| Investments |
|
|
|
|
|
|
| Investments |
12 |
|
|
3,774 |
3,774 |
3,769 |
| Investmentproperty |
13 |
305,000 |
|
|
305,000 |
305,000 |
|
|
960,027 |
|
3,774 |
963,801 |
978,568 |
| CURRENTASSETS |
|
|
|
|
|
|
| Debtors |
14 |
21,469 |
|
|
21,469 |
24,678 |
| Investments |
15 |
215,523 |
|
|
215,523 |
86,306 |
| Cashatbank |
|
113,780 |
22,899 |
|
136,679 |
139,284 |
|
|
350,772 |
22,899 |
|
373,671 |
250,268 |
| CREDITORS |
|
|
|
|
|
|
| Amountsfallingduewithinone |
|
|
|
|
|
|
| year |
16 |
(30,148) |
|
|
(30,148) |
(45,128) |
| NETCURRENTASSETS |
|
320,624 |
22,899 |
|
343,523 |
205,140 |
| TOTALASSETSLESS |
|
|
|
|
|
|
| CURRENTLIABILITIES |
|
1,280,651 |
22,899 |
3,774 |
1,307,324 |
1,183,708 |
| NETASSETS |
|
1,280,651 |
22,899 |
3,774 |
1,307,324 |
1,183,708 |
| FUNDS |
17 |
|
|
|
|
|
| Unrestrictedfunds |
|
|
|
|
1,280,651 |
1,168,501 |
| Restrictedfunds |
|
|
|
|
22,899 |
11,438 |
| Endowmentfunds |
|
|
|
|
3,774 |
3,769 |
| TOTALFUNDS |
|
|
|
|
1,307,324 |
1,183,708 |
| DONATIONSANDLEGACIES |
|
|
|
31.8.21 |
31.8.20 |
|
£ |
£ |
| Donations |
199,725 |
4,687 |
| Grants |
13,000 |
10,000 |
|
212,725 |
14,687 |
| Grantsreceived,includedintheabove,areasfollows: |
|
|
|
31.8.21 |
31.8.20 |
|
£ |
£ |
| Pembrokeshire CountyCouncil-Covid-19grant |
13,000 |
10,000 |
| INVESTMENTINCOME |
|
|
|
31.8.21 |
31.8.20 |
|
£ |
£ |
| Rentsreceived |
17,691 |
13,739 |
| Dividendincome |
7 |
9 |
| Depositaccountinterest |
634 |
1,466 |
|
18,332 |
15,214 |
|
|
31.8.2] |
31.8.20 |
|
Activity |
£ |
£ |
| Assessmentsonchurches |
General |
138,056 |
161,359 |
| Grants |
General |
59,020 |
59,450 |
|
|
197,076 |
220,809 |
| Grantsreceived,includedin |
theabove,areasfollows: |
|
|
|
|
31.8.21 |
31.8.20 |
|
|
£ |
£ |
| SynodWales |
|
13,260 |
13,000 |
| MethodistChurchFundConnextionalgrant |
|
13,260 |
13,000 |
| ClychdaithCymru |
|
13,000 |
13,000 |
| SynodCymru |
|
13,000 |
13,000 |
| TheMethodistChurch-NewPlacedforNewPeople |
|
- |
2,200 |
| TheTrusteesforMethodistChurchPurposes-DistrictAdvanceFund |
|
- |
250 |
| WalesSynodoftheMethodistChurch |
|
6,500 |
5.000 |
|
|
59,020 |
59,450 |
|
|
Grant |
|
|
|
|
fundingof |
|
|
|
|
activities |
Support |
|
|
Direct |
(seenote |
costs(see |
|
|
Costs |
6) |
note7) |
Totals |
|
£ |
£ |
£ |
£ |
| General |
267,573 |
13,000 |
19,713 |
300,286 |
| 31.8.21 |
31.8.20 |
| £ |
£ |
| 13,000 |
417 |
| STAFFCOSTS |
|
|
|
31.8.21 |
31.8.20 |
|
£ |
£ |
| Wagesandsalaries |
113,694 |
109,265 |
| Socialsecuritycosts |
9,675 |
9,432 |
| Otherpensioncosts |
27,464 |
26,741 |
|
150,833 |
145,438 |
| Theaveragemonthlynumberofemployeesduringtheyearwasasfollows: |
|
|
|
31.8.21 |
31.8.20 |
| Employees |
4 |
4 |
|
Unrestricted |
Restricted |
Endowment |
Total |
|
funds |
funds |
fund |
funds |
|
£ |
£ |
£ |
£ |
| INCOMEANDENDOWMENTSFROM |
|
|
|
|
| Donationsandlegacies |
14,688 |
(1) |
- |
14,687 |
| Charitableactivities |
|
|
|
|
| General |
161,359 |
59,450 |
- |
220,809 |
| Investmentincome |
15,214 |
- |
- |
15,214 |
| Otherincome |
1,058 |
- |
- |
1,058 |
| Total |
192,319 |
59,449 |
- |
251,768 |
| EXPENDITUREON |
|
|
|
|
| Raisingfunds |
9,879 |
- |
- |
9,879 |
| 10. |
COMPARATIVESFORTHESTATEMENT |
OFFINANCIAL |
ACTIVITIES- continued |
ACTIVITIES- continued |
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
funds |
funds |
fund |
funds |
|
|
£ |
£ |
£ |
£ |
|
Charitableactivities |
|
|
|
|
|
General |
186,182 |
44,041 |
|
230,223 |
|
Total |
196,061 |
44,041 |
|
240,102 |
|
Netgainsoninvestments |
|
|
|
6 |
|
NETINCOME/(EXPENDITURE) |
(3,742) |
15,408 |
|
11,672 |
|
Transfersbetweenfunds |
4,104 |
(4,104) |
|
|
|
Netmovementinfunds |
362 |
11,304 |
|
11.672 |
|
RECONCILIATIONOFFUNDS |
|
|
|
|
|
Totalfundsbroughtforward |
1,168,139 |
134 |
3,763 |
1,172,036 |
|
TOTALFUNDSCARRIEDFORWARD |
1,168,501 |
11,438 |
3,769 |
1,183,708 |
| 11. |
TANGIBLEFIXEDASSETS |
|
|
|
|
|
|
|
|
Fixtures |
|
|
|
|
Freehold |
and |
|
|
|
|
property |
fittings |
Totals |
|
|
|
£ |
£ |
£ |
|
COST |
|
|
|
|
|
At1September2020and31August2021 |
|
738,615 |
37,000 |
775,615 |
|
DEPRECIATION |
|
|
|
|
|
At1September2020 |
|
72,816 |
33,000 |
105,816 |
|
Chargeforyear |
|
14,772 |
|
14,772 |
|
At31August2021 |
|
87,588 |
33,000 |
120,588 |
|
NETBOOKVALUE |
|
|
|
|
|
At31August2021 |
|
651,027 |
4,000 |
655,027 |
|
At31August2020 |
|
665,799 |
4,000 |
669,799 |
| 12. |
FIXEDASSETINVESTMENTS |
|
|
|
Listed |
|
|
investments |
|
|
£ |
|
MARKETVALUE |
|
|
At1September2020 |
3,769 |
|
Additions |
5 |
|
At31August2021 |
3,774 |
|
NETBOOKVALUE |
|
|
At31August2021 |
3,774 |
|
At31August2020 |
3,769 |
|
TherewerenoinvestmentassetsoutsidetheUK. |
|
| 13. |
INVESTMENTPROPERTY |
|
|
FAIRVALUE |
|
|
At1September2020 |
|
|
and31August 2021 |
305,000 |
|
NETBOOKVALUE |
|
|
At31August2021 |
305,000 |
|
At31August2020 |
305,000 |
|
Investmentpropertyhasbeenvaluedbythetrusteesratherthananindependent |
valuer,usingtheirknowledgeof |
valuer,usingtheirknowledgeof |
|
localpropertyvalues. |
|
|
| 14. |
DEBTORS:AMOUNTSFALLINGDUEWITHINONEYEAR |
|
|
|
|
31.8.21 |
31.8.20 |
|
|
£ |
£ |
|
Otherdebtors |
10,500 |
10,500 |
|
Prepayments |
10,969 |
14,178 |
|
|
21,469 |
24,678 |
| 15. |
CURRENTASSETINVESTMENTS |
|
|
|
|
|
|
|
|
31.8.21 |
31.8.20 |
|
|
|
|
£ |
£ |
|
TrusteesInterestFund |
|
|
215,523 |
86,306 |
| 16. |
CREDITORS:AMOUNTSFALLINGDUEWITHINONE |
|
YEAR |
|
|
|
|
|
|
31.8.21 |
31.8.20 |
|
|
|
|
£ |
£ |
|
Deferredincome |
|
|
27,778 |
40,746 |
|
Accruedexpenses |
|
|
2,370 |
4,382 |
|
|
|
|
30,148 |
45,128 |
|
MOVEMENTINFUNDS |
|
|
|
|
|
|
|
Net |
Transfers |
|
|
|
|
movement |
between |
At |
|
|
At1.9.20 |
infunds |
funds |
31.8.21 |
|
|
£ |
£ |
£ |
£ |
|
Unrestrictedfunds |
|
|
|
|
|
Generalfund |
1,082,195 |
113,269 |
(130,336) |
1,065,128 |
|
CircuitModelTrust |
55,424 |
(1,156) |
130,368 |
184.636 |
|
Designated |
30,882 |
37 |
(32) |
30,887 |
|
|
1,168,501 |
112,150 |
_ |
1,280,651 |
|
Restrictedfunds |
|
|
|
|
|
DeaconProject |
9,858 |
12,672 |
- |
22,530 |
|
Administratorgrant |
80 |
(80) |
- |
- |
|
NewPeopleNewPlaces |
1,500 |
(1,131) |
- |
369 |
|
|
11,438 |
11,461 |
_ |
22,899 |
|
Endowmentfunds |
|
|
|
|
|
Endowmentfund |
3,769 |
5 |
- |
3,774 |
|
TOTALFUNDS |
1,183,708 |
123,616 |
- |
1,307,324 |
|
Incoming |
Resources |
Gainsand |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
|
| Generalfund |
368,667 |
(255,403) |
|
113,269 |
| CircuitModelTrust |
341 |
(1,497) |
|
(1,156) |
| Designated |
105 |
(68) |
|
37 |
|
369,113 |
(256,968) |
|
112,150 |
| Restrictedfunds |
|
|
|
|
| Deacon Project |
52,520 |
(39,848) |
|
12,672 |
| Administratorgrant |
6,500 |
(6,580) |
|
(80) |
| NewPeopleNewPlaces |
|
(1,131) |
|
(1,131) |
|
59,020 |
(47,559) |
|
11,461 |
| Endowmentfunds |
|
|
|
|
| Endowmentfund |
|
|
|
5 |
| TOTALFUNDS |
428,133 |
(304,527) |
10 |
123,616 |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At1.9.19 |
infunds |
funds |
31.8.20 |
|
£ |
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
|
| Generalfund |
1,080,783 |
(2,692) |
4,104 |
1,082,195 |
| CircuitModelTrust |
56,474 |
(1,050) |
|
55,424 |
| Designated |
30,882 |
|
|
30,882 |
|
1,168,139 |
(3,742) |
4,104 |
1,168,501 |
| Restrictedfunds |
|
|
|
|
| DeaconProject |
|
13,962 |
(4,104) |
9,858 |
| Administratorgrant |
134 |
(54) |
|
80 |
| NewPeopleNewPlaces |
|
1,500 |
|
1,500 |
|
134 |
15,408 |
(4,104) |
11,438 |
| Endowmentfunds |
|
|
|
|
| Endowmentfund |
3,763 |
6 |
|
3,769 |
| TOTALFUNDS |
1,172,036 |
11,672 |
|
1,183,708 |
|
Incoming |
Resources |
Gainsand |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
|
| Generalfund |
191,844 |
(194,536) |
- |
(2,692) |
| CircuitModelTrust |
475 |
(1,525) |
- |
(1,050) |
|
192,319 |
(196,061) |
- |
(3,742) |
| Restrictedfunds |
|
|
|
|
| DeaconProject |
52,950 |
(38,988) |
- |
13,962 |
| Administratorgrant |
4,999 |
(5,053) |
- |
(54) |
| NewPeopleNewPlaces |
1,500 |
- |
- |
1,500 |
|
59,449 |
(44,041) |
- |
15,408 |
| Endowmentfunds |
|
|
|
|
| Endowmentfund |
- |
|
6 |
6 |
| TOTALFUNDS |
251,768 |
(240,102) |
6 |
11,672 |