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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||||
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||||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|
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||||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|
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||||||||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|||
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||||||||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:|||||||||
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|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|||
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||||||||Fixtures,|Payments
on account||
|---|---|---|---|---|---|---|---|---|---|
||||||||fittings|and assets||
|||||||Other|and|under||
||||Land||Manses|buildings|equipment|construction|Total|
|||||||F||||
|Balance brought|||||||||1,662,802|
|forward||||0|1,662,802|||||
|Additions||||||||||
|Revaluations||+/-||||||||
|Dis osals-|||||296,282||||296,282|
|Transfers *||+/-||||||||
|Balance carried||||||||||
|forward||||0|1,366,520||||1,366,520|
|Accumulated||depreciation||||||||
|Balance brought||||||||||
|forward||||||||||
|Depreciation||charge||||||||
|for ear-||||||||||
|Revaluations||+/-||||||||
|Dis osals-||||||||||
|Transfers|+/-|||||||||
|Balance carried||||||||||
|forward||||||||||
|Net book value||||||||||
|Brou
ht forward|||||1,662,802||||1,662,802|
|Carried forward|||||1,366,520||||1,366,520|
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|Restricted
Fund Name|Opening
Balance
f|Incoming
Resources
f|Resources
Expended
f|Transfers
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|||
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|Restricted
Fund Name|Opening
Balance
f|Incoming
Resources
f|Resources
Expended
f|Transfers
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|||
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