2023-08-31-accounts - Bromsgrove & Redditch Circuit Of The Methodist Church

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		Notes to ;the,„GeneralFund 'a'c8ou (Unrestricted	Notes to ;the,„GeneralFund 'a'c8ou (Unrestricted	Notes to ;the,„GeneralFund 'a'c8ou (Unrestricted	Circuit Model. Trust:;:Fund, , (Un" t'ricted)&	Circuit Model. Trust:;:Fund, , (Un" t'ricted)&	;Re'stilcted, -F nds.	;Re'stilcted, -F nds.	iEndowiiient Fu ds: '	iEndowiiient Fu ds: '		Totil	2022I'
Income
Donation .eg Income from mooetarytnvestmepts'				."r241740l	.	5',462I75,232.'1F			~	37(21 —		5',973;53',	1,164"'
Income froirl investment properties;			. '	30152:00								"30/1:52I00'	'26;843
Assessnients on churches			174,816.18									174,81618	172,999
Property sales						75,459.00						75,459.'00	63,544
Other charitable income				4,109.31				2:,007:37				6,11,8.68	6;480
	Total income		,209;318.89			80,921.75		2,239.54		37;21		.292,51,7,,:39	2T1,030
Expenditure
Grants and donations				800.00				1,717.57				2,517.57	35,827
Salaries, national insurance	and pension	4	166,127.37									168,127.37	148,162
Employees travel and expenses		2		10,035.04								10,035.04	9,085
Property maintenance				36;578.57								36,578.57	63,729
District assessment & levy				41,076.00		5,579.78						46,655.78	50,401
Property sale levy						11,091.80						11,091.80	8,709
Circuit office expenses				1,895.65								1,895.65	4,351
Other outgoings				12,606.16		460.55		19.49		3.06		13,090.26	?,879
Total expenditure			2691118.79			17,132.13		1,737.06		3.06		287,991.04	328,142
Gains/(losses) on monetary	investments							8.91		53.30 -		62.21	92
Gains/(losses) on investment	properties
Net income/-expenditure				59,?99.90		63,789.62		493.57		19.15		4,464.14	57,204
Transfers between funds				47,911.46	-	47,850.00		227.31		34.15 -		0.00
Other gains Net movement in funds				11,888A4		16,139.62	'	266.26		53.30		4,464.1¹	57,204
Total funds brought forward			1,794,756.44		281,083.56			7,390.05		1,259.79	2,084,489.84		2,141,694
Total funds	carried forward		1,782,868.00		297,223.18			7,656.31		1,206A9	2,088,953.98		2,084,490

			Notesto		Circuit!Model	Circuit!Model	Circuit!Model
			ithe	IGenera&ll4F1undl		Triist"',Fund		.	:.'Restricted:.	En'dowirient;
		—'	'a'ccounts	(U'riisstrlcte~d)	(	' n"	tr~iiced		unde	u ds	Total	022
Fixed Assets,												'
Manses 8 equipment			~6	1,'115;000.00							1 -11]5.000l00	1835t000,
Investment! properlles			7	65'4„558.00							654',558.'00	'934,558
lnvestmerits			8						114.24	1,201.70	1;315.94	1.4378
Total	fixed	assets	!:;!:;", :	1,769,558;00			0.00		. 'I'I'4.24	1,20490:1,770073.04		1,770;938
Current Assets
Debtors and prepayments			10	13,976.61							13,976;61	13,602
Loans by the Circuit to churches			10			116,838.00					116,838;00	119,488
Deposits with TMCP						180,385.18			7,242.15	4.79	187,632.12	168,857
Deposits with CFB				6,879.86							6,879.86	7,093
Deposits with HBBC				14,696.24					299.92		14,996.16	31,866
Total current		assets		35,552.71		297,223.18			7,542.07	4.79	340,322.75	'340,907
Current liabilities
Creditors (due in under	1 year)			22,242.71							22,242;71	27,353
Total current. liabilities				22,242.71			0.00		0.00 '	0.00	22,242.7'I	27,353
Net current		assets		13,310.00		297,223.18			7,542.07	4.'79	318,080.04	313,554
Total assets less cunent liabi%ties
				1,782,868.00		297,223.18			7,656.31	1,206.49	2,088,953.9S	2,084,490
Funds ofthe Circuit
General Fund (Unrestricted)				1,782,868.00							1,782,868.00	1,794,756
Circuit Model Trust Fund
(Unrestricted)						297,223.18					297,223.18	281,084
Total Unrestricted		Funds									2,0801091.18	2,075,840
Restricted Funds									7,656.31		7,656.31	7,390
Endowment Funds										1,206.49	1,206.49	1,2PO
	Total	Funds		1,782,868.00		297,223.18			7,656.31	1,206.4S	2,0887953.98	2,084,489.84

	There were no payments made to trustees	There were no payments made to trustees	for additional	servicesiprovided	servicesiprovided	to the Circuit, excluding	to the Circuit, excluding	which are included in'note
	4 below. However there, were	expenses ofitrustees.
						2023		,2022
	Number ofTrustee~ paid.expenses					'10T
	Totiil'amount;paid					'210'035,	j	R'10,341	-j
	Expens5 paynlents p ari	relate:to:rei	bura'e 'e"tifor	telephone-travel.		a' 'd'computtngico8t8
3Feesfore	o a ca
	Independeltt. examinedsifees( financialistatemerits	for report ng	on.'thef	l,	02. "P1368'~		j '	l~~ K1 398
	Other fees (eg:advice, accountancy services) paid to' the independent examiner.					NIL		NIL
4Paid employees
	StaffCoits paid during the	year were:				2023		2022
	Gross wages, salaries and benefiis in kind					5132,984		6116;914
	Employer's National Insurance costs					610,695		F9,815
	Pension costs					822,448		521,438
	Total staff costs				8166,127			6148,162
	Average number offull-time	equivalent
	employees in the year were:
5Capital commitments and contingent		liabilities

						.'Fixtures;	.'Fixtures;
						'fittings. "and
				Menses	F.	equipment, 'R		Total
Cost orva uatlon.						;a'i	L
Balance, brou	o			8850			589	888	8
TIransfer	.s	e	sse	888	0			.8Qt 0«;
Revaluatie									8
Transfer to,!n, estment, assets									.0.
Balance cerned forward				1,11'5;.000			3,589	1,.118,589,
Accumulated depreciation
Balance brought,	forward						3,589	3;589
Charge foryear									0
Revaluations									0
Disposals									0
Balance carried forward							3,589	3,589
Net book value
Brought forward				835,000			0	835,000
Balance cerned forward				1,115,000			0	1,115,000

	Dwellings-	Former	fittings
	previously	Church	and
	Menses	Hall	equipment		Total
				8
Cost or valuation
Balance brought forward	510,000	424,558		0	934,558
Transfer from Manses					0
Revaluations					0
Transfer to Manses	-280,000				-280,000
Balance carried fortNard	230,000	424,558		0	654,558
Net book value
Brought forward	510,000	424,558		0	934,558
Balance canied forward	230,000	424,558		0	654,558