## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||
||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |||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| ## ## ## ##