## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||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|Transfers
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|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|||||||| |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||| ## ## ## ## ## ## ## ##