2023-08-31-accounts - Vale Of Stour Methodist Circuit

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Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	Statement ofFinancial Activities	(SOFA) for	the year ended 31 A	the year ended 31 A	the year ended 31 A	ugust 2023	ugust 2023
			Notes to				Designated
			the		Circuit	Model	Funds
			account	General Fund	Trust		{unrestricted	Restricted	Endowment		Total
			s	(Unrestricted) 6	(Unmstrlcted) 6		) 6	Funds	Funds f		2022.23
Income
1 Donagons and legacies											0
2 Income from monetary investments					21,601						23,027
3 Income fram investment	properdes										0
4 Assessmenls on Churches				262,723							262,723
5 Capital Receipts				367,934							367,934
6 Grants received											0
7 Other charitabkr income				4,800							4,800
8 Total Income				836,247	21,801			636			658,484
Expenditure
9 Grants and donatkms				15,520							15,520
10Salaries and associated	costs			216,841							216,841
11 Property maintenance				20,661							20,661
12Connexkmal assessment	8	modsl Irusl	levy	125,094							125,094
13Distrkt Assessment 8 Levy				60,914							99,043
14Depreciatbn											0
15Office expenses				13,847							13,847
16Other outgohgs				20,159		2,030		193			22,382
17Total charitable expenditure				473,036	40 159			193			513388
18Gains/(losses) on monetary		investmenls
19Gains/(losses) on Investment		properties
20 Nst Income/(expenditure)				163,211	(18,558)						145,096
21 Transfers behveen funds				(167,640)	167,640						0
22 Other gains/(losses)											0
23Net movement ln funds				4,429	149,082						145,096
24 Total funds brought fonvard				1,399,803	627,610			17,124			2,044,537
25 Total funds carried forward				1,395,374	776,692			17,567		0	2,189,633

		Notes to	Notes to				Designated
			the		Circuil	Model	Funds
			account	General Fund	Trust		(unrestricted		Restricted	Endowment		Total 2021-
			s	(Unrestricted)	(unrestricted) f		) 2		Funds 6	Funds f		22 8
Income
1 DonaUons and legacies												0
2 Income from monetary investments				126		3057			197			3,380
3 Income from hveslment	properUes											0
4 Assessments on Churches				264,095								264,095
5 Capital Receipts				10,000								10,000
6 Grants reCeived												0
7 Other chargabie income				1,600								1,600
8Total income				276,821		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 assessmenl	&	model trust	levy									0
13Dislnct Assessnwnt 8 Levy				80,897	41,158							102,055
14 Depreciation												0
15Office expenses				14,937								14,937
16Other outgoings				16,897		2,288			681			19,866
17Total charilable expenditure				358,642	43,446			0	681		0	402,769
18Gahs/(losses) onmonelary		investments
19Gains/(losses) on investment		properties
20 Net Income/(expenditure)				(82,821)	(40,389)			0	(484)		0	(123,694)
21 Transfers between funds												0
22other 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
25 Total funds carried forward				1,399,803	627,610			0	17,124		0	2,044,537

			General Fund (Unrestricted) 6	General Fund (Unrestricted) 6	Circuit model Tussle (Unrestricted)	Designated Funds (Unrestricted) 6	8estflclrrd Funds	Endow me Funds	nt	Tofrli ~ 2022I23	Tofrli ~ 2022I23	O Totals 2021)22
Fixed Assets
Cvcuhuansesd E u	ment		1,366,620							1,366,520		1,366,520
Investment ro rdes
In vsslme nIs
Total fixed		assets	1,366,620						0	1,366,620		1,366,520
Current Assets
Debtors				22.330							22,330	21,306
Loans b IheCroril					22,660						22,660	2 560
Inveslmenls vrith TLICP					754,132		17,567			771,699		642,174
Central Fetence Board	Depouls			33,810							33.810	24,640
Cash el Bank and et hand				7,128							7,128	16,397
Total	current	assets		63268	776,692		17,567			857,528		707,077
Currant tiabuhles
Credsors (due h under	1 year)			34,414							34,414	29,060
Grants a able vv4hn 2021-22
Tolalcurrentfiablfides				34,414							34,414	29,060
Rstcurrentessels/liabllidss				28,854	776,692		17,567			823,114		678,017
Total esssls less current lfabllilfes			1,395,374		776,692	0	17,667		0	'2,189,634		~2,044,536
Long term liabilhies
(due after more than one year)
Gmnlspa able afler2021-22
Loans to Ihe Cvcuit
	Net assets		1,395,374		776,692		17,567			2,189,634		2,044,538
Funds ofIhe Circuit
GensraIFund nrestrided			1,395,374							1,395,374		1,399,603
Gmu I h'odel Trust Fund	(Unrestrkied)
					776,692					776,692		627,610
Designated Funds {Unresbkted)
Tol Iunrestrtcred		Funds								2,172,066		2,027,413
Reslrkted Funda							17,567				17.567	17,124
Endownwnt Funds
	Tot dl Funds		1,395,374		778,692	0	17,667		0	2,1	,633	2,044,637
							Sign
							Circuit Tr	Gre asure			7)f)bq

ment to Trustees
There were no payments	made to trustees for additional	services provided	to the Circuit by agreement
with the Circuit Meeting,	this excludes stipends.
Trustee expenses Number ofTrustees Total amount	2022/23e 52 E5,308	2021/22e 78 E6,173

Expense payments pri	Expense payments pri	marily relate to reimbursement for travel and	marily relate to reimbursement for travel and	marily relate to reimbursement for travel and	computing costs
5 Fees for examination		or audit ofthe accounts
					2022/23	2021/22
Independent examiners	or auditors'		fees for reporting	on the accounts	E1,440	E1,320
Other fees (e.g. advice,	accountancy		services) paid to	the independent	NIL	NIL
examiner or auditor
6 Paid employees
Staff Costs paid	during the		year were:		2022/23	2021/22
Gross wages, salaries		and	benefits in kind		E166,252	E171,462
Employer's National Pension costs		Insurance costs			E14,545	E14,807
					E25,253	E29,924
Total staff costs					E206,050	E216,193

		2022/23	2021/22
Balance brought	forward from last year
Offerings/Gifts	received for external organisations	1,979	2,973
Offerings/Gifts	passed to external organisations	1,806	2,973
Balance carried	forward	173

Net book value
Brought forward	1,366,520	1,366,520
Carried forward	1,366,520	1,366,520

12Analysis	of restrict	ed and desig	nated funds: 2022	nated funds: 2022	-23
Restricted Fund Name	Opening Balance	Incoming Resources	Resources Expended Transfers		Closing Balance	Purpose ofthe	fund
Unconditional Bequest	275				275	Any purpose specified part 9ofCPD volume		2
John R Wright	13,420	431	39		13,812	For the maintenance the ministry		of
Arthur
Pearson	1,335	43	19		1,359	LP training
Bequest
Barry Blunt	982	117	123		976	For training local preachers	circuit
Surplus New Road account	1,112	36			1,145	Fund designated the maintenance the centre.	for of
Totals	17,124	636	193		17,567
Comparative	analysis	of restricted	and designated	funds 2021-22
Restricted Fund Name	Opening Balance	Incoming Resources	Resources Expended Transfers		Closing Balance	Purpose ofthe	fund
Unconditional Bequest	275				275	Any purpose specified part 9ofCPD volume 2
John R Wright	13,395	63	38		13,420	For the maintenance the ministry		of
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 the centre.	for of
Totals	17,608	197	681		17,124