| Christc | h | urch | Wlmhor | ne )ttet |
hoc | gst | Circuit | 26/10 | ||||
| Statement Of Financial | Actlvlt(es | |||||||||||
| for the | year ended 31 | August | 2023 | |||||||||
| Notes | Genertd U~ |
Circuit atodsl Tmst unrestricted |
U | Funds striated~Funds |
Total 2022/23 | Total | 20221/22 | |||||
| income and Endowments 1 Donations snd legades 2 Income from monetaryi~ |
6 | 6,497 0,616 |
6 | 1.769 | 2 | r. 6,497 10,33S |
6 20,090 2,002 |
|||||
| 3 Income from investment pperties |
||||||||||||
| 4 Assessnwnts on Churches |
277,548 | 293,316 | ||||||||||
| 5 Capital Receipts |
400,000 | |||||||||||
| 6 Grants received 7 Other charitable sctvturm 8 Total irma~scuvttam |
1,760 | 55 | 2961769 | 718~ | ||||||||
| 9 Other income | 28487 | 31701 | 57261 | |||||||||
| 10Total Income and endowments | 1760 | 320 5SO | 775,553 | |||||||||
| Expenditure | ||||||||||||
| 11Grants and donations | 2,370 | 2,370 | 18,400 | |||||||||
| t2 Salaries mxl sssocbttsd costs | 8 | 135,755 | 136,136 | 172,690 | ||||||||
| 13Property maintenance 14Trusphone &Travel 15Connsxknal~ 16Dlatrkt~t 17URC Ministry &Mission |
10 9 |
2,180 13,910 51,088 11,256 31,200 |
125,357 | 127,517 13,918 51,888 11~ 31~ |
07,231 15,556 53,280 10,140 31~ |
|||||||
| 10Connrudonat Levy |
||||||||||||
| 19Contribution to District Advanrm |
Fund | 8,256 | IL250 | 10,662 | ||||||||
| 21 Ollke expenses 22 Other outgoings 23Total tuuttstm~ |
11 12 |
2,715 19.365 270827 |
613 | 2,715 19070 405 |
3,763 27 104 430 124 |
|||||||
| Net Income/(expenditure) before other gains and losses 24 Gains/(losses) on monetary~ts 25Gains/gosses) oni~properties |
(2.873) | P,100) | (98,815) | P6,874) (2.873) |
345~ (4,535) |
|||||||
| 28ust Income/texpend awe) |
24v368 | P.100) | (06,015) | |||||||||
| 27Transfers bsbveen funds | (20,456) | (83,000) | 91,456 | |||||||||
| 28 Other gains/(tosses) | ||||||||||||
| 29 Nst nmve mant in funds | (4,008) | P0,100) | (5+S9) | PS,S47) | ||||||||
| 30Total funds brought forward | 'I | 12,133 | 215,128 | 2,737,800 | 3,065.061 | 2,724,167 | ||||||
| 31Total funds carried forward | 108045 | 14S020 | 732r441 | ASS 514 | 3,005,061 | |||||||
| Bahtncs brought forward from 4ast year |
||||||||||||
| Otfsrings/GISs -received for Extenud OrganhuNons |
||||||||||||
| Olferl gs/Gifts - passed to Exteinu Organhatlons |
Note 21 | 7698 | 5,029 |
| Designated | Designated | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General | Funds | Funds | Restricted | |||||||||
| Notes | Unrestricted | Unrestricted | Unrestricted | Funds | Total 2021/22 | |||||||
| E | L' | R | ||||||||||
| Income and Endowments | ||||||||||||
| 1 | Donations 8 Legacies | 90 | 20,0SS | |||||||||
| 2 | Income from monetary investments |
2,159 | 701 | 2,882 | ||||||||
| 3 | Income from investment | properties | ||||||||||
| for | the year ended 31 August 2023 | 293,316 | 293,316 | |||||||||
| 5 | Capital Receipts | 400,000 | 400,000 | |||||||||
| 6 | Grants received | |||||||||||
| 7 | Other charitable activities |
2,004 | 2,004 | |||||||||
| 8 | Total from charitable activities |
297,569 | 701 | 400,022 | 20,000 | 718,292 | ||||||
| 9 | Other income | 3,215 | 54,046 | 57+61 | ||||||||
| 10 | Total income snd sndovnnsnts | 300,784 | 701 | 454,068 | 20,000 | 775,553 | ||||||
| Expenditure | ||||||||||||
| 11 | Grants and donations | 400 | 18,000 | 18,400 | ||||||||
| 12 | Salaries and associated | costs | 8 | 172,698 | 172,698 | |||||||
| 13 | Property maintenance | 10 | 87,231 | 87,231 | ||||||||
| 14 | Telephone 8 Travel |
9 | 15,556 | 15,556 | ||||||||
| 15 | Connexional assessment |
53,280 | 53+80 | |||||||||
| 16 | Disbtct Assessment | 10,140 | 10,140 | |||||||||
| 17 | URC Minisby 8 Mission | 31,200 | 31,200 | |||||||||
| 18 19 |
Connexional Levy Contribution to District Advance |
Fund | 10,662 | 10,662 | ||||||||
| 20 21 22 23 |
Depreciation Office expenses Other outgoings Total charitable expenditure |
11 12 |
3,763 6,443 |
738 2S,400 |
13 | 20,000 20,000 |
3,763 27,194 430124 |
|||||
| Net income/(expenditure) gains and losses |
before | other | 7,304 | (28,699) | 366,824 | 345,429 | ||||||
| 24 | Gains/(losses) on monetary |
investments | (4,535) | (4,535) | ||||||||
| 25 | Gains/(krsses) on investment |
properties | ||||||||||
| 26 | Net income/(expenditure) | 2,769 | (28,699) | 366,824 | 340,894 | |||||||
| Magaret Havers 27 Transfers between funds |
(31,100) | (15,000) | 46,100 | |||||||||
| 28 | Other gains/(losses) | |||||||||||
| 29 | Net movement in funds |
(28,331) | (43,69S) | 412,924 | 340,894 | |||||||
| 30 31 |
Total funds brought forward Total funds carried forward |
20 | 140,464 112133 |
258,827 215,128 |
2,324,876 2,737,800 |
2,724,167 3,065,061 |
||||||
| For information only Money |
received | and | passed on to External | Organisabons | 2022 | |||||||
| Balance brought forward from last year Offerings/Gifts -received for External Organisations CCerfngs/Gifts - passed to External Organisations |
Note 21 | 5829 5,829 |
||||||||||
| Balance canted forward |
| Christchurch &Wimborne INsthodist Circuit |
|---|
| forthe year ended 31August 2023 |
| 1Baste ofaccounting |
| The financial statements have been prepared under the Charities Act 2011 in accordance with the Accounting and |
| Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their |
| accounts in accordance with FRS102(effective from 1 January 2019)- ths Charmes SORP (FRS 102). |
| 2 Funds |
| The funds held constitute: General Funds held for any purpose ofthe Circuit which are Unrestricted. The Circuit |
| Model Trust Fund has wide purposes defined in Standing Orders and is caisgorissd as unrestricted. There are also |
| Designated funds which have been earmarked by the trustees for particular purposes within Unrestricted funds. |
| Lastly there are restricted funds which are funds that have to be used for Ihe specific purpose for which they were |
| given. Details of each material fund are disdosed in note 20. Any funds may be represented by more than just |
| cash. |
| 3Accountlno policies |
| Basis |
| These accounts have been prepared on the basis of historical cost except that investments are shown at their |
| market value at the end of the year, on the accruals basis to show a true and fair view of the Circuit's financial |
| position and activities. |
| Based on the monetary assets and human resources available to the Circuit at 31st August 2019 the trustees |
| believe the Circuit isa going concern |
| Income Recognition |
| Income is induded in the Statement of Finandal Activities (SOFA) when the Circuit becomes enttfied to the |
| resources, it is probable we will they will receive the resources; and the monetary value can be measured with |
| sufficient refiability. |
| Expenditure Expenditure is recognised when a liability is incurred or a constructive obligation arises and the outflow of |
| economic benefit is considered more likely than not, committing the Circuit to pay out resources. |
| Grants |
| Grants made by the Grcuit from its own funds are recognised in full at the fime ofagreement or when the Circuit |
| accepts that there is a legal or operational obligation to make the payment. When the grant is recurrent over more than ons year the balance payable in future years is treated as a provision for futuie commitmsnts in ihe Balance Sheet against the appropriate fund, the provision being released in future years as instalments are paid in |
| accordance with the originally agreed terms. |
| VAT |
| Since the Circuit is not VAT registered, all input VAT is charged with the expenses to which it refers. |
| Tangible fixed assets for use by the Circuit |
| These are capitalised Ifthey can be used for more than one year, and individually cost at least f1,000. |
| The freehold mansss are shown in the accounts at2016deemed values, ofwhich the land component is deemed |
| to bef740,000.No depredation is provided on the buildings because the trustees consider the current residual fair value ofthe manse buildings to be not less than their market value. Any depreciation would not be material. Ths |
| freehold churches which are now drcuit assets have been given a current valuation by the trustees based on |
| professional advice. All properties have been reviewed for impairment. |
| Investments |
| Investments are valued in the balance sheet at market value at the year end. Investment income is induded in the |
| accounts when receivable and any gains orlosses on revaluation atthe year end are shown in the SOFA. |
| Pensions |
| Most ordained presbyters and deacons are members ofthe Methodist Ministers' Pension Scheme (MMPS). |
| This is a defined benefit scheme. The Supreme Court heki in 2014that Methodist Ministers are not employees of |
| the Church. For simplicity when dealing with National Insurance Contributions and pension contributions the terms |
| 'employer' and 'employee' are used as they would be in an employing body The Connexion accounts the MMPS s |
| pension scheme and shows the figures in the annual Methodist Church in Great Britain accounts. |
| 4.D~ and legacies | 4.D~ and legacies | U | General restrkted |
Circuit Model Trust Unrestricted |
Detdgnated Funds Unrestricted |
Restricted Funds |
2023 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Donations | 6,497 | 6,497 | 90 | |||||
| Legacies | 20000 | |||||||
| 6,497 | 6,497 | 20,090 | ||||||
| Circuit Nlodel | Designated | |||||||
| General | Trust | Funds | Restricted | 2023 | 2022 | |||
| 5.Investment | Income | Unrestricted | Unrestricted | Unrestricted | Funds | Totals | Totals | |
| Central Finance Board | 6,703 | 6,703 | 285 | |||||
| TMCP | 1 812 | 3636 | 2,597 | |||||
| Total | 8,515 | 1,769 | 55 | 10,339 | 2,882 | |||
| Circuit Model | Designated | |||||||
| General | Trust | Funds | Restricted | 2023 | 2022 | |||
| 6.Charitable | activities - other | Unrestricted | Unrestricted | Unrestricted | Funds | Total | Total | |
| Contributions | from Churches | |||||||
| to support | ||||||||
| Lay Workers | 2,385 | 2004 | ||||||
| Total | 2,004 | 381 | 2,385 | 2,004 | ||||
| Circuit Model | Designated | |||||||
| General | Trust | Funds | Restricted | 2023 | 2022 | |||
| 7.Other Income | Unreshtcted | Unrestricted | Unrestricted | Funds | Total | Total | ||
| Other income | 13 | 143 | 156 | 331 | ||||
| Fordingbridge | URC | 3,111 | 1,145 | 4,256 | 4,141 | |||
| Insurance Claim |
2,214 | 2,214 | 5,603 | |||||
| Bookkeeping | 180 | 180 | 180 | |||||
| Bransgore Funds | 17,586 | |||||||
| Horton Heath | Funds | 5,261 | ||||||
| Blandford Manse Rent | 12,445 | 12,445 | 12,219 | |||||
| Highcllffe Manse Rent | 12540 | 12,540 | 11940 | |||||
| Total | 3,304 | 28487 | 31,791 | 57+81 | ||||
| Circuit Nlodel | Designated | |||||||
| General | Trust | Funds | Restricted | 2023 | 2022 | |||
| 8Salaries &Associated Costs | Unrestricted | Unrestricted | Unrestricted | Funds | Total | Total | ||
| Stipends | 75,623 | 75,623 | 105,878 | |||||
| Lay Salaries | 32,243 | 32,624 | 27,628 | |||||
| National insurance |
7,469 | 7,469 | 10,214 | |||||
| Pension | 19,316 | 19,316 | 27,787 | |||||
| Apprenticeship | Levy | 606 | 606 | 711 | ||||
| Other Staff Costs | 498 | 496 | 480 | |||||
| 135,755 | 381 | 138,136 | 172,898 | |||||
| Average number ofstaff employed | during the | year were: | 7 | 8 |
| Circuit Nlodel | Designated | ||||||
|---|---|---|---|---|---|---|---|
| General | Trust | Funds | Restricted | 2023 | 2022 | ||
| 9Telephone STravel | Unmshtcted | Unrestricted | Unrestricted | Funds | Total | Total | |
| Telephone | &Broadband | 4,587 | 4,587 | 4,460 | |||
| Travel | 9,331 | 9,331 | 11,096 | ||||
| 13,918 | 13,918 | 15,556 |
| 17.Analysis | ofcurrent assets | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Debtors | and prepayments | |||||
| Pre paid | Stipends | 10,777 | 9,472 | |||
| Accrued | income | 1,066 | ||||
| Gift aid | 577 | |||||
| Total debtors and prepayments | 11,354 | 10,538 | ||||
| Debtors | relate to the payment | ofthe September | stipend | in August. | ||
| Analysis | ofcash at bank | |||||
| Bank balance held in CAF Bank Ltd | 10,586 | 6,&68 | ||||
| Bank balance held in CFB | 67,371 | 74,174 | ||||
| Bank balance held in TMCP | 145,028 | 219,818 | ||||
| Total Cash and Bank | 222,985 | 300,860 | ||||
| Expenditure | ||||||
| 18.Analysis | ofcurrent liabilities | and long term | creditors | |||
| Accruals | 900 | 700 | ||||
| Deferred | Income | 22,711 | 23296 | |||
| Total Current Liabilities | 23,611 | 23,996 |
| Totals 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | |||||||||
| Unrestricted | Fund Name | Opening | Income | Expenditure | Transfers | Closing Balance | Purpose | ofthe fund | ||
| Balance | ||||||||||
| Unrestricted | Fund General | |||||||||
| General | 112,133 | 297,868 | 273,500 | (28,456) | 108,045 | General | ||||
| 112,133 | 297,868 | 273,500 | (28,456) | 108,045 | ||||||
| Unrestricted | Circuit Ilodel | |||||||||
| Trust | ||||||||||
| Model Trust Fund | 215,128 | 1,769 | 8,869 | (63,000) | 145,028 | Ministry 8 Mission | ||||
| 215,128 | 1,769 | 8,869 | (63,000) | 145,028 | ||||||
| Unrestricted | Designated | |||||||||
| Funds | ||||||||||
| Property | 7,460 | 28,345 | 104,442 | 81,001 | 12,364 | Menses/ | other property | |||
| Shorey Fund | 4,690 | 55 | (4,745) | - | Circuit Development | |||||
| Witchampton | Fund | 24 | 6,827 | 7,000 | 197 | Pending Sais | ||||
| Bransgore Fund | 13,037 | 142 | 3,435 | 9,744 | Pending Sale | |||||
| Horton Heath | Fund | 2,589 | 10,653 | 136 | Pending Sale | |||||
| Property Reserve | 2,710,000 | 2,710,000 | Freeholds | |||||||
| 2,737,800 | 28,542 | 125,357 | 91,456 | 2,732,441 | ||||||
| Total Unrestricted | Funds | 3065061 | 328179 | 407,726 | 2985,514 | |||||
| Restricted Funds | ||||||||||
| Support Costs | 381 | - | Contribution | to Lay salaries | ||||||
| Total Restricted | Funds | 381 |
| 2023 | 2022f | ||
|---|---|---|---|
| World Mission | 1,206 | 1,077 | |
| Mission in Britain |
493 | 582 | |
| Methodist Ministers |
Housing | 175 | 150 |
| Presbyters 8 Deacons Fund | 525 | 700 | |
| Property Fund | 335 | 690 | |
| All We Can | 188 | ||
| Action for Children | 13 | ||
| MWiB Easter Offering | 2,492 | 1,609 | |
| MWiB General | 137 | 85 | |
| MWiB Project | 1,460 | ||
| MHA | 575 | ||
| LWPT | 300 | ||
| Total | T698 | 5,829 |