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2021-08-31-accounts

Au gust 202 1 the Circuit hei d the following
8
e General Fund 90,803
~ Property 28,461
e Model Trust Fund 288119
~ Development Fund 5,389
~ Rookley Fund 448
~ Cowes Fund 6,141

Notes to Circuit Nlodel Circuit Nlodel Designated
the Generai Fund Trust Funds Total Totai
accounts (Unrestricted) (Unrestricted) (Unrestricted) 202041 2019-20
5 5 5 6
Income and Endowments
1
Donations
and lagarias
2
Income from monetary		 investments 75 883 2,704
3
Income from Investment		 properties 0 0
4. Assessments 234,026 234,026 264,987
5
Capital Receipts		 185,000 343,418 528,418 0
6
Gmnts received		 6,998 0,008 7,354
7
Other charitable
activities		 309 309 0
8 Total from charitable
scdvltles		 426,407 344,220 T70,633 275,044
9
Other income
10Total Income snd endowments		 426,407 344,226 38,889
38,889		 38,889
809,522		 21 296
296340
Expenditure
11Grants and donations 10 40,610 19,800 1,500 61,910 15,800
12Salaries and associated oosis 11 205,129 205,129 199,951
13Property maintenance 13 36,282 36,282 45,748
14Telephone
&Travel		 12 9,548 9,548 14,446
15Connexional
asssssmant		 51,816 51,816 47,352
16District Assessment 9,888 0,888 10,180
17Depreciation 0 0
18Conne»ional
Levy		 113,898 113,098 0
10Contribution
to District Advance		 Fund 7,501 7,501 13,508
20 Loss on Disposal ofProperty 0 0
21 Oflice expenses 14 4,115 4,115 2,259
22 Other outgoings 15 4,306 400 3,267 7,973 17,144
23Total charitable expenditure 325,412 141,598 41,049 508,050 366,469
24 Gains/(losses)
on monetary		 investments
25Gains/(lasses)
on investment		 properties
26 Net income/(expenditure) 100,995 202,627 &,159 301,463- 70,129
27Transfers
between funds		 91,202 - 114,524 23,322
28 Other gains/(losses)
20 Nst movement
in fimds		 192,19? 88,103 21,163 301,463 70,129
30Total funds brought forward 2,468,607 200,016 19,277 2,687,900 2,758,028
SlTots Ifunds carried fonrmrd 2,$I0,803 288,119 40,440 2,989,363 2,687,899

General Fund Circuit Nlodel Destgnated Totals 2021 Totals 2020
(Unrestricted) Trusts Funds
(Unrestricted) (Unrestricted)
Notes to th
Accounts 6 6 6
Fixed Assets
Circuit Menses 17 2,190,000 2,190,000 2,190,000
Closed Churches 17 380,000 380,000 195,000
Investments 0
Total dxed assets 2,570,000 0 0 2,570,000 2,385,000
Culverlt Assets
Debtors 18 9,023 9,023 18,505
Loan to Churches 7,500 7,500 9,000
Investments
vuth TMCP		 288,119 288,119 200,016
Central Finance Board Deposits 76,945 40,440 117,385 80,854
Cash at Bank and in hand 16128 16128 13777
Total curmnl assets 109,596 288,119 40,440 438,155 322,152
Current liabigties
Creditors (due in under 1 year) 19 18,793 18.793 19,253
Crania payable
within 2017-18		 0
Toial currant liabilities 18,793 18,793 19,253
Net currerd sssets/Iiabr1byes 90,803 288,119 40,440 419,362 302,899
Total assels less cunant liabilities
2,660,803 288,119 40,440 ?,$89,362 2,687,89$
Long term liabilities
(due after more than one year)
Grants payable affer 2017-18
Loans to the Circuit
Net assets 2,660,803 288,119 40,440 2,989,362 2,687,899
Funds ofthe Circuit
General Fund (Unresbicted) 2,650,803 2,660,803 2,466,106
Circuit Model Trust Fund
(Unrestricted)
288,119 288,119 202,516
Designated
Funds (Unreslricted)
Total Unrestricted Furnfs
Total Funds 2,680,803 288,119 40,440 2,989,362 2,687,899
Isle ofWight Circuit 26/I I
Statement ofCashflows
Forthe year ended 31August 2021
2021 2020
F
Cashflowe from Operating Activities 126,102 (79,666)
Cash generated
from operations
Investing
activities
Purchase oftangible fixed assets
Purchase ofinvestments (88,103) 97,822
Proceeds ofdisposal ofinvestments
Interest received 883 2,704
Net cash used in investing activities
Net cash used in financing activities
Net increase
in cash and cash equivalents
Cash snd cash equivalents at beginning ofyear 94,631 73,771
Cash and cash equivalents at end of year 133,513 94,631

4.Donations and legacies Unrestricted Circuit Model
Trust Fund		 Circuit Model
Trust Fund		 Circuit Model
Trust Fund		 Designated 2021
Total		 2020
Total
Donations
Legacies
Total
5.Investment income 6 Circuit Model
Trust Fund		 Designated 2021
Total		 2020
Total
Central Finance Board 75 75 543
TMCP 808 808 2161
Total 75 883 2704
t .
Unrestricted		 „CircuitIgodel Designated 2021 2020
6.Capital Receipts Total Total
Bowcombe 343418 343418
Cowes 185000 185000
185000 343418 528418 0
T.Grants Received Unmstricbrd „Designated
Circuit Model
Trust Fund		 2021
Total		 2020
Total
Lay Worker-Bmdino 4500 4500 4500
island Travel Grant 2498 2498 2854
Total 6998 7354
&.Other Charitabls
Income		 Unrestricted 7
F
Circuit Model
Trust
und		 Designated 2021
Total		 2020
Total
Mission Event 309 309
Total 309 309 0
9.Other Income Unrestricted d
Circuit Model
Trust Fund		 Designated 2021
Total		 2020
Total
Other inooms 11120 11120 471
Insurance
Claim		 3044 3044
Rookley Rent 3350 3350
Ryde Rent 10575 10575 10025
Bembridge Rent 10800 10800 10800
Total 0 0 38889 388&9 21296
Unrestricted Circuit Nlodel Designated 2021 2020
Trust Fund Total Total
10Grants
Property East Cowes 0 2200
Ryde 1300 1500 2800 1600
Sundown 3044 3044 3000
Godshill 2000 2000
Newport 11500 11500
Lockdown Support 40510 40510 0
Cowes 0 4000
Nilon Youth Worker 5000 5000 5000
40610 19800 4544 64954 15500

Menses Investments Chapels Total
6 6 6 8
Balance brought forward 1,550,000 640000 195,000 2,385,000
AddiTions 185,000 185,000
Revaluations
(+/-)
Dlspossls (-)
Transfers * (+/-)
Balance cerned forward 1 550 000 840000 380000 2570000
18.Analysis ofcurrent assets Thts year Last
veer
Debtors and prepsyments f. 6
Pre paid assessments
Accrued
income		 6170
Other debtors 9023 12335
Totaldebtors
and prepaymenls		 9,023 18,505
Debtors relate to the pre- payment ofthe September stipend in August
Analysis ofcash at bank
Bank balance held in CAF Bank Ltd 16,128 13,777
Bank balance held in Central Finance Board ofthe
Methodist Church 117,385 80854
Total Cash and Bank 133,513 94,631
19.Analysl* ofcurrent gabgitlas and long term crerfitors
Trade Creditors
Deferred Income 18,793 19,253
Total Current Liablgties 18,793 19,253
Isle ofWight Circuit Circuit Ni26/11
22 Cash generated
from operations		 2021 2020
6
Suiiplus/(deficit)
for year		 301,463 (70,129)
Adjustments
for
investment
income recognised		 in statement offinancial activities (883) (2,704)
Loss on disposal oftangible
fixed assets
Loss /(gain) on disposal of investments
Gift ofclosed church (185,000)
Depreciation
and impairement		 oftangible fixed assets
Movements
in working capital:
(Increase)/decrease
in debtors		 10,982 (5,486)
Increase/(decrease)
in creditors		 (460) (1,347)
Increase
in deferred income
Cash generated
from operations		 126,102 (79,666)

Isle ofWight Circuit Circuit
Appendix A
CIRCUIT MEETING MEMBERSHIP
MINISTERS RevJ Izzard
Rev D Plumb
Rev FWatson
Rev H Miliward
LAYWORKERS MrsJ Dronfield
Mr Haddeton
MrsJ Morris
CIRCUIT STEWARDS
Mr PCooper
Mrs DJames
MrSWhite
Mr A Harvey
Mrs M Moyce
Mr RBette
Circuit Local Preachers SWorship Leaders representatives
Miss SWhittingstall
Circuit Safeguarding Co-ordinator
Mr
I Attrill
Mrs P Attrifi
Ecumenical Officer Mrs D Dace
CIRCUIT CHURCH REPRESENTATIVES
Arreton Mr LCafioway Bembridge Mr A Hough
Mrs LAbraham Mrs R Bailey
Mrs KTansy Mr C O' Neill
Binstead Miss A Efiiott Brading Mrs SGeldard
Mrs M Cooper MrSMonis
Miss CVessey
Brighstone Ms SLanchester Carisbrooke BGunvtlle Mr P Wells
Mr Robert Gordon Mr LWefis
East Cowes Mrs M Muncaster Freshwater Mrs J Hart
Mr A Kennesion Dr D Singleton
Mrs EAllen Mrs CStorey
Godshig Mrs N Clark Lake Mrs D Sheath
Mrs M Cooper Mr C Nuckiey
Mrs VLaker
Newport MrJArnold Niton MrJWells
Mrs M Steer MrJ Stotesbury
Miss LHumber Mr R Holgate
Ryde Mrs RReaiy Sandown MrTClawson
Mrs D Warman Mrs M White
Mr I Prance
Mrs P Reading
Shanklin Mrs V Edmundson Shorwell Mrs M Walters
Mrs J Dyer Mrs KSheath
Mrs M Watson Mr C Challoner
Ventnor Mr M Flux Wooton Bndge Mr TDavies
Mrs M Best Mr D Boyce
Mrs P Burford
Wroxag Mrs M Moyce
Mrs TPreston
Mr W Browning