2021-08-31-accounts - Vale Of Stour Methodist Circuit

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			Notes to				Designated
			the		Circuit	Model	Funds
			account	General Fund	Trust		(unrestricted	Restricted	Endowmen		Total
			s	(Unrestricted) f	(Unrestricted) f		) F	Funds E	t Funds E		2020-21 E
Income
1 Donations and legacies											0
2 Income from monetary investments				220		2,657	199				3,076
3 Income from investment	properties										0
4 Assessments on Churches				267,388							267,388
5 Capital Receipts				308,341							308,341
6 Grants received				10,000							10,000
7 Other charitable income
8Total income				585,949		2,657	199				588,805
Expenditure
9 Grants and donations				1,490							1,490
10Salaries and associated	costs			220,216							220,216
11 Property maintenance				27,574							27,574
12 Connexional assessment	& model trust		levy	103,336							103,336
13District Assessment & Levy				62,275	27,737						90,012
14 Depreciation											0
15Office expenses				14,420							14,420
16Other outgoings				7,970		973	39				8,982
17Total charitable expenditure				437,281	28,710		39			0	466,030
18Gains/(losses) on monetary		investments
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				148,668	(26,053)		160			0	122,775
21 Transfers between funds				(205,005)	205,005						0
22 Other gains/(losses)
23 Net movement in funds				56,337)	178,952		160			0	122,775
24 Total funds brought forward				1,538,961	489,047		17,448				2,045,456
25 Total funds carried forward				1,482,624	667,999		17,608				2,168,231

Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	(SOFA) for	the year ended 31	the year ended 31	the year ended 31	August	2020	2020
			Notes to				Designated
			the		Circuit	Model	Funds
			account	General Fund	Trust		(unrestricted	Restricted		Endowment	Total
			s	(Unrestricted) E	(Unrestricted) f		) E	Funds f		Funds E	2019-20 f
Income
1 Donations and legacies											0
2 Income from monetary investments				1,373		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
8Total income				324,630		2,555			108		327,293
Expenditure
9 Grants and donations				500							500
10Salaries and associated	costs			206,191							206,191
11 Property maintenance				22,548							22,548
12Connexional assessment	& model trust		levy	109,981							109,981
13District Assessment 8 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	13,061					0	452,336
18Gains/(losses) on monetary		investments
19Gains/(losses) on investment		properties
20 Net income/(expenditure)				(114,644)	(10,505)			0	108	0	-125,043
21 Transfers between funds				(214,971)	214,971						0
22 Other gains/(losses)
23 Net movement in funds				(329,615)	204,466			0	108	0	-125,043
24 Total funds brought forward				1,868,576	284,581			17,340			2,170,497
25 Total funds carried forward				1,538,961	489,047			17,448			2,045,454

					General Fund	Circuit	Model	Designated		Restricted	Endowment		ToteIs	Totals
					(Unrestricted)	Trusts		Funds		Funds	Funds		2020/21	2019/20
				Notes to the Accounts	f	(Unrestricted) f		(Unrestricted) f
Fixed Assets
Circuit Manses & Equipment					1,366,520								1,366,520	1,366,520
Investment properties
Investments
	Total fired		assets		1,366,520							0	1,366,520	1,366,520
Current Assets
Debtors					15,768								15,768	13,996
Loans by the Circuit							2,560						2,560	2,560
Investments with TMCP						665,439				17,608			683,047	503,935
Central Finance Board		Deposits			122,511								122,511	175,166
Cash at Bank and in	hand				6,924								6,924	12,264
Total		current	assets		145,204	667,999				17,608			830,811	707,921
Current liabilities
Creditors (due in under		1 year)			29,100								29,100	28,986
Grants payable within 2018-19
Total	current liabilities				29,100								29,100	28,986
Net current	assets/liabilities				116,104	667,999				17,608			801,711	678,935
Total assets less	current liabilities				1,482,624	667,999			0	17,608		0	2,168,231	2,045,455
Long term liabilities
(due after more than one year)
Grants payable after	2018-19
Loans to the Circuit
		Net assets			1,482,624	667,999				17,608			2,168,231	2,045,455
Funds ofthe Circuit
General Fund (Unrestricted)					1,482,624								1,482,624	1,538,960
Circuit Model Trust Fund		(Unrestricted)
						667,999							667,999	489,047
Designated Funds (Unrestricted)
Total Unrestricted			Funds										2,150,623	2,028,007
Restricted Funds										17,608			17,608	17,448
Endowment Funds
		Total Funds			1,482,624	667,999			0	17608			2,168,231	2,045,455

								2020/21	2019/20
									E
Independent examiner's Other fees (e.g. advice,			or auditors' accountancy		fees for reporting services) paid to		on the accounts the independent	1,440	1,200
examiner or auditor								NIL	NIL
d employees
Staff Costs paid	during		the	year were:				2020/21	2019/20
Gross wages, salaries and benefits					in kind			171,784	158,199
Employer's National		Insurance		costs				13,633	11,677
Pension costs								26,254	22,777
Total staff costs								211,671	192,653
Average number	of	full-time		equivalent		employees	in the year
were:

		2020/21	2019/20
Balance brought forward	from last year
Offerings/Gifts - received for External Organisations		3,810	2,950
Offerings/Gifts -passed to	External Organisations	3,810	2,950
Balance carried forward

9Tangible Fixed Asset Cost or valuation	s
					Fixtures,	Payments on account
					fittings	and assets
				Other	and	under
	Land		Manses	buildings	equipment	construction	Total
	f			f	f		f
Balance brought forward		0	1,366,520				1,366,520
Additions
Revaluations (+/-)
Disposals (-)
Transfers *(+/-)
Balance carried forward		0	1,366,520				1,366,520
Accumulated depreciation
Balance brought
forward
Depreciation charge
for ear—
Revaluations (+/-)
Disposals (-)
Transfers* (+/-)
Balance carried
forward
Net book value
Brought forward			1,366,520				1,366,520
Carried forward			1,366,520				1,366,520

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 9 of CPD volume 2
John R Wright	13,376	45	27	13,395	For the maintenance of the ministry
Arthur
Pcarson	1,810			1,813	LP training
Bequest
Barry Blunt	878	168	31	1,015	For training local preachers	circuit
Surplus New Road account	1,108			1,110	Fund designated the maintenance	for ofthe
					centre.
Totals	17,448	224	64	17,608

Restricted Fund Name	Opening Balance	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
Pcarson	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