|iniste||||eve| |---|---|---|---|---| |||||P
owe.
o
9 i89/2823)| |~,,
Circu|tahar ds'|||5F
-~'N54~K
=
;~:=~K;MK:=
a%6-.:;%iTNI54
e
i
Osm~SI).:&8eOIW AQ
f5.~~g~~
Ahe
QKJ,~| |||||'Mrs:;S)Watson| |1
Ciicuit4Tireasuier||=|J
'|'1
'=.:::-:'='%4)i'=::=W
Sk.
[ I
III,;,,:,;,:,
:,,-;:,, -.~:::,
:.~
la%**.**.,**.**.'PA~::,,::,.~~s,'
&~%48'%M%. -"~("MNb'
iiC~=| ## ## |||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|stipends|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| ## ## ## ## ## ## ## ## ## ## ## ## ##