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|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|
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|||||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|||||