2020-08-31-accounts - Vale Of Stour Methodist Circuit

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Circuit Ministers and off	Circuit Ministers and off	Circuit Ministers and off	icers	icers
Active Circuit Ministers			Rev Alan Combes (Superintendent)
			Rev Michael Payne
			Rev Ruth Childs (left 31/8/2020)
			Rev Josephine Soon
Circuit Lay		Worker	Mrs Claire Biggs (Children	8 Families Worker)
Financial	Administrator		Mr David Little (P/T)
Circuit Local Lay Pastor			Mr Martyn Filsak
Circuit Stewards			Miss Margaret Kite
			Mrs Beatrice Cloke
			Miss Jacqueline Hill
			Mr Stuart Ashmore
			Mr Paul Stevens (retired	31/8/20)
Circuit Administrator			Mrs Elaine Panchal
Treasurer			Mr Stuart Ashmore
Independent		examiner	David Wright FCA, Nicklin	LLP, Church		Court, Stourbridge
			Road, Halesowen, West Midlands		B63	3TT
Investment		Bankers	Central Finance Board of	the Methodist		Church
			Trustees for Methodist Church purposes
			HSBC Bank pic

			Notes to		Circuit Model	Designated
			the	General Fund	Trust	Funds	Restricted	Endowment	Total
			accounts	(Unrestricted)	(Unrestricted)	(unrestricted)	Funds	Funds	2019-20
				f	f		f	f	f
Income
1 Donations and legacies									0
2 Income from monetary investments				1373	2,555		108		4,036
3 Income from investment	properties			5,148					5,148
4 Assessments on Churches				279,439					279,439
5 Capital Receipts				28,670					28,670
6 Grants received				10,000					10,000
7 Other charitable income
8 Total income				324,630	2,555		10&		327,294
Expenditure
9 Grants and donations				500					500
10Salaries and associated	costs			206,191					206,191
11 Property maintenance				22,548					22,548
12 Connexional assessment	&	model trust	levy	109,981					109,981
13District Assessment & Levy				63,294	12,402				75,696
14 Depreciation									0
15Office expenses				20,127					20,127
16Other outgoings				16,634	659				17,293
17Total charitable expenditure				439,275	13,060				452,335
1& Gains/(losses) on monetary		investments
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				(114,644)	(10,505)		108		(125,042)
21 Transfers between funds				(214,971)	214,971				0
22 Other gains/(losses)
23 Net movement in funds				(329,615)	204,466		108		(125,042)
24Total funds brought forward				1,868,576	284,581		17,340		2,170,497
25Total funds carried forward				1,538,961	489,047		17,448		2,045,455

			Notes to		Circuit	Model	Designated
			the	General Fund	T'rust		Funds	Restricted	Endowment		Total
			accounts	(Unrestricted)	(Unrestricted)		(unrestricted)	Funds	Funds		2018-19
				E	E		E	E	E		E
Income
1 Donations and legacies				1,881							1,881
2 Income from monetary investments				1,357		2,528		253			4,138
3 Income from investment	properties			10,018							10,018
4 Assessments on Churches				276,784							276,784
5 Capital Receipts				10,000							10,000
6 Grants received
7 Other charitable income
8 Total income				300,040		2,528		253			302,821
Expenditure
9 Grants and donations				1,107							1,107
10Salaries and associated	costs			209,222							209,222
11 Properly maintenance				26,127							26,127
12 Connexional assessment	&	model trust	levy
13District Assessment & Levy					15,071						75,658
14 Depreciation
15Office expenses				16,412							16,412
16Other outgoings				18,034		570		119			18,723
17Total charitable expenditure				331,489	15,641			119		0	347,249
18Gains/(losses) on monetary		investments		66							66
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				(31,383)	(13,113)					0	(44,362)
21 Transfers between funds
22 Other gains/(losses)
23 Net movement in funds				(31,383)	(13,113)			134		0	(44,362)
24Total funds brought forward				1,899,959	297,694			17,206			2,214,859
25Total funds carried forward				1,868,576	284,581			17,340			2,170,497

							General	Fund	Circuit Model	Designated		Restricted	Restricted	Endowment	Endowment	Totals	Totals
							(Unrestricted)		Trusts	Funds		Funds		Funds		2019/20	2018/19
						Notes to the			(Unrestricted)	(Unrestricted)
						Accounts	f		E	E					E	E	f
Fixed Assets
Circuit Manses &	Equipment						1,366,520									1,366,520	1,662,802
Investment properties
Investments
		Total		fixed assets			1,366,520								0	1,366,520	1,662,802
Current Assets
Debtors								13,996								13,996	16,972
Loans by the Circuit									2,560							2,560	2,560
Investments vnth	TMCP								486,487				17,448			503,935	299,361
Central Finance Board Deposits							175,166									175,166	200,610
Cash at Bank and	in	hand						12,264								12,264	19,522
		Total current assets					201,426		489,047			17,448				707,921	539,025
Current liabilities
Creditors (due in under			I year)					28,986								28,986	31,330
Grants payable within		2018-19
	Total		current		liabilities			28,986								28,986	31,330
Her current			assetslliabilities				172,440		489,047			17,448				678,935	507,695
Total assets	less		cunent		liabilities		1,538,960		489,047		0	17,448			0	2,045,455	2,170,497
Long term liabilities
(due after more	than		one		ear)
Grants payable after		2018-19
Loans to the Circuit
				Het assets			1,538,960		489,047			17,448			0	2,045,455	2,170,497
Funds ofthe Circuit
General Fund (Unrestricted)							1,538,960										1,868,576
Circuit Model Trust Fund			(Unrestncted)						489.047							489,047
Desi9nated Funds	(Unrestncted)
Total		UnresVicted Funds														2,028,007	2,153,157
Restricted Funds												17,448				17,448	17,340
Endowment Funds
			Total Funtts				1,538,960		489,047		0	17,448					2,170,497
												Signed
												Circuit	Trea	u
												Stuart	Ashmore		ACMI

							2019/20	2018/19
							E	E
Independent examiner's		or auditors'		fees	for reporting	on the accounts	1200	1800
Other fees (e.g. advice,		accountancy		services) paid to		the independent
examiner or auditor
							NIL	NIL
d employees
Staff Costs paid during		the	year were:				2019/20	2018/19
Gross wages, salaries and benefits				in kind			156,199	161,533
Employer's National	Insurance		costs				11,677	12,947
Pension costs							22,777	29,452
Total staff costs							192,653	203,912
Average number of	full-time		equivalent		employees	in the year
were:

8 For information only: Money received and passed on	to External Organisations
	2019/20	2018/19
Balance brought forward from last year
Offerings/Gifts - received for External Organisations	2,950	3,412
Offerings/Gifts -passed to External Organisations	2,950	3,412
Balance carried forward

Restricted Fund Name	Opening Balance f	Incoming Resources f	Closing Balance f	Purpose ofthe	fund
Unconditional Bequest	275		275	Any purpose specified part 9ofCPD volume 2
John R Wright	13,289	88	13,376	For the maintenance of the ministry
Arthur
Pearson	1,798	12	1,810	LP training
Bequest
Barry Blunt	876		878	For training local preachers	circuit
Surplus New Road account	1,101		1,108	Fund designated the maintenance	for ofthe
				centre.
Totals	17,339	108	17,448

Restricted Fund Name	Opening Balance f	Incoming Resources f	Resources Expended f	Closing Balance f	Purpose ofthe	fund
Unconditional Bequest	275			275	Any purpose specified part 9ofCPD volume 2
John R Wright	13,203	112	26	13,289	For the maintenance of the ministry
Arthur
Pearson	1,787	15		1,798	LP training
Bequest
Barry Blunt		113		876	For training local preachers	circuit
Surplus New Road account	1,094			1,101	Fund designated the maintenance	for ofthe
					centre.
Totals	17,206	251	118	17,339