2022-08-31-accounts - Vale Of Stour Methodist Circuit

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			Notes to			Circuit	Model	Designated
			the	General	I-und	Irust		I-unds		Kestncted	tndowment		Iotal
		accounts		(Unrestricted)		(Unrestricted)		(unrestricted)		Funds	Funds		2021-22
				f		f		f		f	f		f
Income
1 Donations and legacies													0
2 Income from monetary investments					126		3057			197			3,380
3 Income from investment	properties												0
4 Assessments on Churches				264,095									264,095
5 Capital Receipts					10,000								10,000
6 Grants received													0
7 Other charitable income					1,600								1,600
8 Total income				275,821			3,057			197			279,075
Expenditure
9 Grants and donations													0
10Salaries and associated costs				225,811									225,811
11 Property maintenance					40,100								40,100
12Connexional assessment	& model trust		levy										0
13District Assessment & Levy					60,897	41,158							102,055
14 Depreciation													0
15Office expenses					14,937								14,937
16Other outgoings					16,897		2,288			681			19,866
17Total charitable expenditure				358,642			43,446			681		0	402,769
18Gains/(losses) on monetary		investments
19Gains/(losses) on investment		properties
20 Net Income/(expenditure)				(82,821)		(40,389)			0	(484)		0	(123,694)
21 Transfers between funds													0
22 Other gains/(losses)
23 Net movement In funds					82,821	40,389			0	484		0	123,694
24 Total funds brought forward				1,482,624		667,999				17,608			2,168,231
25Total funds carried forward				1,399,803		627,610			0	17,124		0	2,044,537

			Notes to		Circuit	Model	Designated
			the	General Fund	Trust		Funds	Restricted	Endowment		Total
			accounts	(Unrestricted)	(Unrestricted)		(unrestricted)	Funds	Funds		2020-21
				E	E				E		g
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			0	2,168,231

				General	Fund	Circuit	Model	Designated		Restricted	Endowment	Endowment		Totals	Totals
				(Unrestricted)		Trusts		Funds		Funds		Funds		2021/22	2020/21
			Notes to the			(I Inrestrlnterl)		(I Inrestrinterl)
			Accounts			f		f.		f		f			f
Fixed Assets
Circuit Manses & Equipment				1,366,520										1,366,520	1,366,520
Investment properties
Invcotmcntc
Total fixed		assets		1,366,520									0	1,366,520	1,366,520
Current Assets
Debtors					21,306									21,306	15,768
Loans by the Circuit							2,560							2,560	2,560
Investments with TMCP						625,050				17,124				642,174	683,047
Central Finance Board Deposits					24,640									24,640	122,511
Cash at Bank and in hand					16,397									16,397	6,924
Total current		assets			62,343	627,610				17,124				707,077	830,810
Current liabilities
Creditors (due in under 1 year)					29,060									29,060	29,100
Grants payable within 2021-22
Total current liabilities					29,060									29,060	29,100
Net current assetsyliabilities					33,283	627,610				17,124				678,017	801,710
Total assets less current liabilities				1,399,803		627,610			0	17,124			0	2,044,537	2,168,231
Long term liabilities
(due after more than one	year)
Grants pa able after 2021-22
Loans to the Circuit
	Net	assets		1,399,803		627,610				17,124				2,044,537	2,168,231
Funds ofthe Circuit
General Fund Unrestricted)				1,399,803										1,399,603	1,482,624
Circuit Model Trust Fund (Unrestricted)
						627,610								627,610	667,999
Designated Funds (Unrestncted)
Total Unrestricted		Funds												2,027,412	2,150,623
Restricted Funds										17,124				17,124	17,608
Endowment Funds
Total		Funds		1,399,803		627,610			0	17,124				2,044,537	2,168,231
										Signed
										Stuar	mo	eA
										CirCbri-T~ea		urer

Trustee expenses Number ofTrustees Total amount	2021/22 78 E6,173	2020/21e 78 F4,876

							2021/22	2020/21
							E
Independent examiner's		or auditors'		fees	for reporting	on the accounts	1,320	1,440
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:				2021/22	2020/21
Gross wages, salaries and benefits				in kind			171,462	171,784
Employer's National	Insurance		costs				14,807	13,633
Pension costs							29,924	26,254
Total staff costs							216,193	211,671
Average number of were:	full-time		equivalent		employees	in the year	CX	CZ

8 For information only: Money received and passed on	to External Organisations
	2021/22	2020/21
Balance brought forward from last year
Offerings/Gifts - received for External Organisations	2,973	3,810
Offerings/Gifts - passed to External Organisations	2,973	3,010
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
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	Incoming Resources f	Resources Expended	Closing Balance f	Purpose ofthe	fund
Unconditional Bequest	275			275	Any purpose specified part 9of CPD volume 2
John R Wright	13,395	63		13,420	For the maintenance of the ministry
Arthur
Pearson	1,813		486	1,335	LP training
Bequest
Barry Blunt	1,015	120	153	982	For training local preachers	circuit
Surplus New Road account	1,110			1,112	Fund designated the maintenance centre.	for of the
Totals	17,608	197	681	17,124

Restricted Fund Name	Opening Balance	Incoming Resources	Resources Expended	Closing Balance f	Purpose ofthe	fund
Unconditional Bequest	275			275	Any purpose specified part 9ofCPD volume 2
John R Wright	13,376	45	27	13,395	For the maintenance of the ministry
Arthur
Pearson	1,810			1,813	LP training
Bequest
Barry Blunt	878	168		1,015	For training local preachers	circuit
Surplus New Road account	1,108			1,110	Fund designated the maintenance centre.	for ofthe
Totals	17,448	224	64	17,608