2023-08-31-accounts - The Methodist Church Isle Of Wight Circuit

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		District No
Ministers	Rev John Izzard
	Rev David Plumb -	until 31.08.23
	Rev Frances	Balham
Circuit Stewards	Mrs Margaret	Moyce
	Mrs Dorothy	James
	Mr Alan Harve
	Mr Peter Cooper
	Mr Simon Morris
	Mrs Maxine	White
Circuit Treasurer	Mr Rodney	Betts

				Notes to		Circuit INodel	Designated
				the	General Fund	Trust	Funds	Total
				accounts	(Unrestricted)	(Unrestricted)	(Unrestricted)	2021-22
						E
Income and Endowments
1 Donations and legacies							250	250
2 Income from monetary	investments				483	2335		2,818
3 Income from investment	properties						23,789	23,789
4. Assessments					230,668			230,668
5 Capital Receipts						226,071		226,071
6 Grants received					11,918			11,918
7 Other charitable activities					37		821	858
8 Total from charitable activities					243,106	228,406	24,860	496,372
9 Other income							875	875
10Total income and endowments					243,106	228,406	25,735	497,247
Expenditure
11Grants and donations				10	4,000	81,500		85,500
12Salaries and associated	costs			11	193,527			193,527
13Property maintenance				13			44,797	44,797
14Telephone &Travel				12	14,441			14,441
15Connexional assessment					53,958			53,958
16District Assessment					10,278			10,278
17Depreciation
18Connexional Levy						129,585		129,585
19Contribution to District Advance				Fund		12,859		12,859
20 Loss on Disposal ofProperty
21 Office expenses				14	2,909			2,909
22 Other outgoings				15	3,190	6,341	8,789	18,320
23Total charitable expenditure					282,303	230,285	53,586	566,174
24 Net Income/(expenditure)		before
investment gains (losses)					(39,19?)	(1,879)	(27,851)	(68,927)
25Gains/(losses) on monetary			investments
26 Gains/(losses) on investment			properties		110,000			110,000
27 Net income/(expenditure)					70,803	1,879	27,851	41,073
28Transfers between funds					(265,000)	237,500	27,500
29Other gains/(losses)
30 Net movement in funds					194,197	235,621	351	41,073
31 Total funds brought forward					2,660,803	288,119	40,440	2,989,362
$2Total funds carried forward					2,466,606	523,740	40,089	3,030,435
For information only Money	received			and passed on to	External Organisations		Note 23	2022
Balance brought forward from		last year
Offerings/Gifts -received for		External Organisations						5911
Offerings/Gifts -passed to	External			Organisations				5911
Balance carried forward

		General Fund	Circuit Model	Designated	Totals 2023	Totals 2022
		(Unrestricted)	Trusts	Funds
			(Unrestricted)	(Unrestricted)
	Notes to the
	Accounts
Fixed Assets
Circuit Menses	17	1,845,000			1,845,000	1,250,000
Closed Churches	17	185,000			185,000	380,000
Investments Properties Total Sxedassets		750,000 2,780,000			750,000 2,780,000	750 000 2,380,000
Current Assets
Debtors	18	6,998			6,998	9,691
Loan to Churches		2,000			2,000	2,000
Investments with TMCP			232,061		232,061	523,740
Central Finance Board Deposits		64,943		48,688	113,631	116,581
Cash at Bank and in hand		19,825			19,825	15,588
Total cunent assets		93,766	232,061	48,688	374,515	667,600
Current liabilities
Creditors (due in under 1 year) Total current liabilities	19	367,287 367,287			367,287 367887	17,165 1?,165
Net current assetslliabilities		273521	232,061	48,688	7,228	650,435
Total assets less current liabilities		2,506,479	232,061	48,688	2,787,228	3,030,435
Funds ofthe Circuit
General Fund (Unrestricted)		2,506,479			2,506,479	2,466,856
Circuit Model Trust Fund
(Unrestricted) Designated Funds (Unrestricted)			232,061	48,688	232,061 48,688	523,740 39,839
Total Funds all Unrestricted	22	2,506,479	232,061	48,688	2,787,228	3,030,435
Signed on behalf ofthe Trustees				Date:
Name ofTmstee g. O 81	Tf5

					Circuit Model	Designated
				General Fund	Trust Fund	Funds	Restricted	2023	2022
4.Donations and legacies				Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Donations									250
Legacies						10,167		10,167
Total						10,167		10,167	250
					Circuit Model	Designated
				GeneralFund	Trust Fund	Funds	Resbicted	2023	2022
5.Investment Income				Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Central Finance Board				3,281				3,281	483
TMCP					8,107			8,107	2,335
Total				3,281	8,107			11,388	2,818
					Circuit Model	Designated
				General Fund	Trust Fund	Funds	Restricted	2023	2022
6.Capital		Receipts		Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Wroxall Chapel									142,108
The Willows Rookley									86,963 66,963
									316,034
					Circuit Model	Designated
				General Fund	Trust Fund	Funds	Restricted	2023	2022
7.Grants		Received		Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Lay Worker-Brading Island Travel Grant Total				4,754 4,754			6,933 6,933	6,933 4,754 11,687	10,400 1,518 11,918
					Circuit Model	Designated
				General Fund	Trust Fund	Funds	Restricted	2023	2022
8.Other Charitable			Income	Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Other income				131		250		381	858
Total				131					858
					Circuit Model	Designated
				General Fund	Trust Fund	Funds	Restricted	2023	2022
9.Other Income				Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Insurance		Claim							425
Rookley Total	Rent								450 875
					Circuit Model	Designated
				GeneralFund	Trust Fund	Funds	Restricted	2023	2022
10Grants				Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Property		Ryde Godshill			900	850		850 900	4,000
		Newport			4,000			4,000	8,500
		East Cowes							3,000
	Wroxall Church				50,000			50,000	50,000
	Sandown				600			600
Pension	Reserve Fund								16,000
Lockdown		Support			7,000			7,000	4,000
SWAY Youth Worker					10,000			10,000
					72,500			73,350	85,500

			Circuit Model	Designated
		General Fund	Trust Fund	Funds	Restricted	2023	2022
11Salaries &Associated Costs		Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Stipends		83,476				83,476	81,121
Lay Salaries		67,697			6,933	74,630	72,976
National Insurance		14,396				14,396	13,040
Pension costs		26,089				26,089	25,074
Apprenticeship	Levy	1,296				1,296	796
Other Staif Cosh		76				76	520
		193,030			6,933	199,S63	193,527
Average number ofstaff employed		during the year were:				6	6
			Circuit Model	Designated
		General Fund	Trust Fund	Funds	Restricted	2023	2022
12.Telephone	&Travel	Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Telephone &Broadband		3,724				3,724	3,999
Travel		13,127				13127	10,442
		16,851				16,851	14,441
			Circuit Model	Designated
		General Fund	Trust Fund	Funds	Restricted	2023	2022
13.Property Maintenance		Unrestricted	Unrestricted	Unrestricted	Funds	Total	Tolal
Council Tax				11,038		11,038	9,404
Water Rates				1,813		1,813	3,008
Insurance				12,749		12,749	9,372
Electricity				3,048		3,048	2,181
Repairs &Maintenance				9,101		9,101	13,444
Professional Fees				5,890		5,890	3,018
Quinquennial Inspections							2,370
Rent Circuit Ollice				2,000		2,000	2,000
				45,639		45,639	44,797
			Circuit Nlodel	Designated
		General Fund	Trust Fund	Funds	Restricted	2023	2022
14.Ofgce Expenses		Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Stationery & Print		714				714	1,236
Equipment		688				688	1,161
		2,024				2,024	2,910
			Circuit Model	Designated
		General Fund	Trust Fund	Funds	Restricted	2023	2022
15.Other Expenditure		Unrestricted	Unrestricted	Unrestricted	Funds	Total	Total
Books		443				443	170
Hospitality		414				414	111
Preaching and	Travel
Sundry Expenses		831				831	562
Use or Premises		500				500
Bank Charges		61				61
Training
Resources		495				495	475
Website		36				36
Professional fees			2,658			2,658	7,379
Loan Interest			8,095			8,095
Loan to churches							7,500
Admin fee			1,493			1,493	821
Independent Examiner		872				872	1 300
Total		3,652	12,246			15,898	18,318

22.Unrestricted	22.Unrestricted	Funds
Unrestricted	Fund Name		Opening		Income	Expenditure	Transfers	Closing Balance	Purpose	ofthe fund
Unrestricted	Fund General
General				86,606	226,702	276,433	39,604		General Expenditure
Property Reserve				2,380,000			50,000	430000	Freeholds
				2,466,606	226,702	276,433	89,604	2,506,479
Unrestricted	Circuit INodel
Model Trust Fund				523,740	8,107	189,786	(110,000)	232,061	Mission Personnel 8property
				523,740	8,107	189,786	(110,000)	232,061
Unrestricted	Designated
Properly Fund				32,864	24,275	32,414	15,000	39,725	Expenses	on Manses etc.
Circuit Development Fund				5,389		850		4,539	Mission iniTiatives
Rookley Fund				164		4,460	4,296		Property	sold
Cowes Fund				1,672	10,417	7,685		4,404	Expenses	pending sale
Shorewell Fund						1,080	1,100	20	Expenses	pending sale
				40,089	34,692	46,489	20,396	48,688
Total Unrestricted Funds				3Q3Q435	269,501	512,708		2,787,228
Restricted Funds
General					6933	6933		-	Conb'ibution to Lay salaries
Total Restricted Funds					6,933	6,933
23. Donations to		External organisations
							2023	2022
			World	Mission			441	557
			Mission in Britain				508	568
			Methodist Ministers Housing				569	955
			Presbyters gr, Deacons		Fund		690	1055
			Property Fund				922	1235
			All We Can				158	971
			Worship Leaders and		Preachers Trust		545
			District Training Fund					350
			Action	for Children			200
			Methodist Homes				120	220
			Totals				4,153	5,911

			Isle ofWight Circuit Circuit
					Appendix	A
		CIRCUIT MEETING MEMBERSHIP
MINISTERS			Rev J Izzard
			Rev D Plumb	until 31.08.23
			Rev FBalham
LAY PASTORS			Mrs J Morris
			Mr Hackleton
LAYWORKERS			Mrs J Dronfield
			Mrs V Doming	until 30.03.23
CIRCUIT STEWARDS			Mr PCooper
			Mrs DJames	until 31.08.23
			MrSMorris
			Mrs M White *
			Mr A Harvey
			Mrs M Moyce
			Mr RBette
Circuit Local	Preachers &Worship Leaders representatives
			Miss SWhittingstall	until 31.08.23
Circuit Safeguarding		Co-ordinator Mr I Attrill		until 09.03.23
			Mrs P Attrlli	until 09.03.23
			MrsJSimmons	from 09.03.23
Ecumenical	Officer		Mrs D Dace
CIRCUIT CHURCH		REPRESENTATIVES
Arreton			Mr LGalloway	Bembridge			Mr A Hough"
			Mrs L Abraham				Mrs C Pay
			Mrs KToney				Mr C O'Neill'*
							Mrs J Chubb
Binstead			Miss A Elliott	Brading			Mrs SGeldard
			Mrs M Cooper				MrSMoms
			Miss CVessey
Brlghstone	&Shomwell		Mr RGordon Mrs KSheath *	Carisbrooke 8 Gunvige			Mr P Wells Mrs LWells
East Cowes			Mrs M Muncaster	Freshwater			Mrs J Hart
			Mr A Kennesion				Dr D Singleton**
			Mrs EAllen				Mrs C Storey'*
Godshill			Mrs A Clark				Mrs D Sheath**
			Mrs M Cooper				Mr C Nuckley
			Mrs VLaker"
Newport			MrJArnold	Niton			MrJWells
			Mrs M Steer'
			Miss L Humber
Ryde			Mrs RRealy	Sandown			Mr TClawson
			Mrs DWarman				Mrs M White**
			MsJDent'
Shanklln			Mrs V Edmundson	Wootton	Bridge		Mr TDavies"
			Mrs SGrifliths				Mr D Boyce
			Mrs M Watson				Mrs P Burford
Ventnor			Mr M Flux
			Mrs M Best
Wroxag			Mrs M Moyce
			Mrs TPreston