## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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| ## ## ||||notes Io the
Accounts|General
Fund
(Unrestricted)
6|General
Fund
(Unrestricted)
6|Circuit model
Tussle
(Unrestricted)|Designated
Funds
(Unrestricted)
6|8estflclrrd
Funds|Endow
me
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|| ## ## ||||||Payments|| |---|---|---|---|---|---|---| |||||Fixtures,|on account|| |||||fittings|and assets|| ||||Other|and|under|| ||Land|Menses|buildings|equipment|construction|Total| |Balance brought
forward||1,366,520||||1,366,520| |Additions||||||| |Revaluations|(+/-)|||||| |Disposals (-)||||||| |Transfers * (+1-)||||||| |Balance carried
forward||1,366,520||||1,366,520| |Accumulated|depreciation|||||| |Balance brought||||||| |forward||||||| |Depreciation||||||| |char eforear-||||||| |Revaluations|(+/-)|||||| |Disposals (-)||||||| |Transfers'
(+1-)||||||| |Balance carried||||||| |forward||||||| |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|||| ## ## ## ## ## ##