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2023-08-31-accounts

Mr M Avis
Mr K Bassett until 31/8/23
Mrs D Beesley
Mr D Beesley
Mrs J Brandon
Mrs S Bond from 01/9/23
Mrs S Calvert
Mrs L Collins
Revd D Coote
Mr N Cox
Revd P Crispin from 01/9/23
Mrs P Cuckow
Mr A Dabbs
Mr T DeGraftEshun from 12/9/23
Mrs S Dewberry
Mrs P Dey
Miss P Dimmick
Mr R Duke until 31/8/23
Mr B Dyer
Revd D Faulkner from 01/9/23
Revd E Goddess
Revd R Goddess
Mrs A Griffiths
Mr P Gregory
Dcn J Hacon
Mr A Haynes
Mrs S Haynes until 12/9/23
Mrs B Hayward until 12/9/23
Mrs E Hodges
Mr B James
Mrs F Jenkins until 12/9/23
Revd J lllsley
Mrs J Martyn from 01/9/23
Miss J Mason Deceased
Mrs J Minnell
Mr P Moody until 31/8/23
Revd D Muskett
Mr H Nightingale
Mr A Painter
Mrs J Pannell
Mr M Petter
Mrs A Rice until 31/8/23
Revd D Rice
Dcn S Richardson
Mrs B Ross
Mr D Sawyer
Revd C Simpson until 31/8/23
Mr G Smithers until 31/8/23
Mrs R Standford
Mrs A Steinhausen
Mr E Strankalis from 01/9/23
Mr M Thomas
Mrs M Travell
Mrs E Wade
Mr M Wade from 01/9/23
Mrs M Wheeler
Mrs C Wilkins
Mrs C Withers
Revd S Wright until 31/8/23

General Fund Circuit Model Designated Endowment Totals 2023 Totals
(Unrestricted) Trust Fund Funds Funds 2022
Notes to the (Unrestricted) (Unrestricted
accounts )
5
Fixed Assets
Menses 16 3,454,427 3454 427 3,110,829
Investment
pro
erties
Investments 18,25 6,391 5,391 6,674
Total lixed assets 3,454,427 6,391 3,460,818 3,117,503
Current Assets
Debtors and
re
a ments 17 56,262 4000 60262 37,226
Loans by the Circuit 17 1,500 1 500
Investments
with
TMCP 18 817209 817209 362,353
Solicitors' Client Account
Central Finance Board Deposits
Cash at Bank and in hand
19
20
20
193,611
12,026
126,764 320 375
12,026
443,008
514,216
18,336
Total current assets 263,399 821,209 126,764 0 1,211,372 1,375,139
Current
liabilities
Creditors (due in under
Grants payable
within
1 1 year)
year
21
22
36,176 888
62,061
37,064
62,061
42,646
72,516
Total current liabilities 36,176 62,949 0 99,125 115,162
Net current asselsiliabiliti ss 227,223 821 209 63815 0 1 112247 1,259,977
Total assets less current liabilities 3,681,650 821,209 63,815 6,391 4,573,065 4,377,480
Netassets 3,681,650 821,208 63,815 6,391 4,573,065 4,377rl80
Funds ofthe Circuit
Unrestricted:
General
Fund
23.1 227,223 227,223 332,920
Pro e
Fund
Circuit Model Trust Fund
23.1
23.2
3,454,427 821,209 3,454,427
821,209
3,110,829
805,746
Desi nated Funds 23.3 63,815 63,815 121,311
Total Vnresfricted Funds 4,566,674 4,370,806
Endowment
Funds
24 6,391 6,391 6,674
Total Funds 25 3,681,650 821,26$ 63,815 6,391 4,573,06$ 4,377,480
Name ofCircuit East So)sot snd Downs East So)sot snd Downs Methodist Methodist Circuit Circuit iCircuit No 26/07 iCircuit No 26/07
Statement ofcash flaws for the year ended: 31August 2023
-+!
2
2023 2022
Notes 9
Cash Flows from operati~nact}vitlss:
Cetb generated
from opersiions
1 (229,136) (308,786)
Net cash provided
by (used in}operating
activities (308,786) i
Cash flows from investing
activities:
Interest received
from investments
Sale/(purchase)
oftangible
fixed assets
[ 39u44II
1,932
5,604
831,241
I
Net cash provided
by fused in) investing
activities 41,373 I 838,845 i
,Change
in cash and cash equivalents
in the reporting period -187,763 526 059
cash and cash equivalents
at the beginning
ofths reporting period 1 337,913 809,854
Cash and cash equivalents
at the snd
of the reporting period I 1,150,150I 1,337,813
~fnecanciliatton
ofnet incom~e/(sx
nditure}
to net cash flow from opera~tin activities
2023 2022
8
Net income/{expenditure)
for the reporting
period {aspsr the
!
statement
oftinancial
activities)
/(adjustments
for:
Losses/(gains)
on investments
} (149,945}l
2~83
. «55,178}
Interest received
Decrease/(increase)
in debtors
(39us~41
I
(24,536)
I (5,604)
5.918
(Decrease)/increase
in creditors
Net cash provided
by (used in) operating
activities «5497)
(229 136)
«54369)I
(308786)

3
Statement of Financial Activities
General
for the
Designsted
year ended 31August 2022
Funds Funds Restricted Endowment Total
Income and Endowments (Unrestricted)
f
(Unrestricted) Funds
F
Funds
f
2021-22
8
Income from investments
Income from charitable
5,604 5,604
activities
Assessments
on churches
Total from charitable
activities
422,719
422,719
422,719
422,719
Lettings 123,821 123.821
Total charitable
income
Other income
Total income and endowments
Expenditure
552,144
7,397
559,541
250
250
552,144
7,647
559,791
Expenditure
on charitable
activities
Grants and donations
Stipends and associated costs
Maintenance
on manses
Office expenses
Telephone
and travel
Insurance
and
utility costs
District assessment
Methodist
Church
Fund
CMTF levies
Expenditure
on other circuit
280
5,115
19,694
13370
16,704
84,504
325,111
88
-9, 48
278,497
21,239
8 198
-22 377
-121,225
276,497
21,519
5,115
19,694
21,568
16,704
84,504
325,111
property 37,984 37,984
Other outgoings 24,&01 250 25 051
Total charitable
expenditure
707,212 7,060 250 0 714522
Net income before investment
(losses)/gains 147,671 -7,060 -154,731
Net (losses)/gains
on
investments
Net (expenditure)/income
before transfers -147,671 -7,060 0 -447 -155178
Transfers
between
funds
-29000 29 000
Other gains/(losses) 445463 445,463
Net movement
in funds
288,792 21,940 0 ~7 290,285
Total funds brought forward
Less future instslments
ofgrant
3980,703 99,371 0 7,121 4087,195
Total funds carried forward 4249,495 121,311 0 6674 4,377,480

Maintenance
on
man ses and ex pend iture
on oth
er Circuit p
2022-23 2021-22
Maintenance
and repairs
on manses 70,002 21,239
Quinquennial
inspections
on manses 480 280
Maintenance
on manses total
70,482 21,519
From General Fund 8 Property Reserve Fund:
Quinquennial
inspections
on churches 1,295 860
Letting agent fees
Copnor Church
building
costs 5,625
15,607
10,540
20,656
Bridgemary
Church
building
costs 14,052 3,402
Manse legal fees 3,719 2,526
Total 40,298 37,984
From Circuit Model Trust Fund:
Manse legal fees 9,659
Total 9,659
Expenditure
on other Circuit property
total 49,957 37,984
Office expenses and telephone and travel
2022-23 2021-22
Ministers'
& La
em
lo
ees office costs 1,041 1,445
Circuit office costs 5,927 3,670
Office ex enses total 6,968 5,115
Ministers'
&La
em
lo
ees' travel costs 18,000 15,655
Circuit Stewards'
travel
costs 1,086 930
Ministers'
& La
em
lo
ees' tele hone costs 4,296 3109
Tele hone and travel total 23,382 19694
Insurance
and utility
costs
2022-23 2021-22
Manses insurance 9,998 8,198
Manses council tax 20,234 11,308
Manses water 8,sewera
e rates
4,668 2,062
Total 34,900 21,568
Other outgoings
2022-23 2021-22
Local preachers'
expenses
2,000 1,494
Su ernumeraries'
ex enses
2,706 2,256
Circuit Stewards'
other
costs 90
Trainin
and Develo
ment
costs 469 1,106
Audit fees 4,063 3,870
Youth work 225

buildings was gre ater than the c arrying
va
lue ofthat par t ofthe asset' s cost to da
Cost or valuation Landf Buildings Total
E
Balance brought forward
at 31
August
2022 1,036,943 2,073,886 3,110,829
Remove value of manse sold (128,800) (257,602) (386,402)
Remove purchase price ofmanse sold (116,667) (233,333) (350,000)
Add purchase
price of2 manses
bought 360,000 720,000 1,080,000
Balance carried forward at
31August 2023 1 151476 2302951 30454 427

greed at Circuit Meeting.
Debtors and prepayments
were
made up as 2022-23 2021-22
follows: F
Debtors
Contribution
for Prayer handbooks
213 232
Unpaid church assessments
2021-22
8,809
Unpaid church assessments
2022-23
24,731
Prepayments
Ministers'
stipends
paid in advance
24,063 22,390
Lettings fees paid in advance 210
Accrued income
August rent paid
in September
3,950 5,200
CMTF interest due for 31 August 4,000 385
Refund received
in
October
for Copnor
Church building
insurance
paid
in May 3,305
Total 60,262 37,226

21
Creditors, acc
rued expe nses and de ferred
i
2022-23 2021-22
Creditors:
Audit fee 4,063 3,870
Expenses reimbursed
Assessment
taken
in error
and owed 2,189 3,506
to Cowplain
Methodist
Church
592
Farewell
service
collection
owed to
Methodist
Church
Fund for
Training 389
Balance
of
donations
paid into
Refugee Asylum
Fund
94
Accruals:
Accrued expenses 1,182 1,221
Manse repairs owed 888 442
Total creditors 4 accruals 8,711 9,725
Deferred income:
Assessments
paid
in advance 27,318 29,386
Rent paid in advance 1,035 3,535
Total 28,353 32,921
Total creditors 37,064 42,646
Deferred Released Deferred Deferred
Oi-Sep-22 in year in year 31-Aug-23
Deferred income
Assessments
paid
in advance 29,386 (29,386) 27,318 27,318
Rent paid in advance
Total
3,535
32,921
(3,535)
(32,921)
1,035
28,353
1,035
28,353

ommitments
t
o pay gr ants from th e Mission Fu nd:
2022-23 2021-22
From Mission Fund
Remainin
rant a reed for Beacon Church
Bordon 36,261 50,516
Grant a reed towards Haslemere MC Mission Intern 25,800 22,000
Total a reed rants a able 62,061 72,516

Movement in funds for current ye ar 12 month s:
Fund Balance at
01-Sep-22
Income
f
Expenditure Transfers Gains/
Losses
E
Balance at
31-Aug-23f
General
Fund
Property Reserve
Circuit Model Trust
Manse Fund (Des)
Mission
&Outreach
Total unrestricted
Gane Bequest
Total endowment
Fund
Fund
(Des)
funds
funds
332,920
3,110,829
805,746
35,731
85,580
4,370,806
6,674
6,674
225,895
713,993
0
0
488,098
178,329
79,999
42,632
863,655
0
0
562,695
(31,100)
(1,932)
(32,103)
65,135
345,530
345,530
(283)
(283)
227,223
3,454,427
821,209
20,867
42,948
4,566,674
6,391
6,391
Total funds 4,377,480 713,993 863655 0 345,247 4,573065
Comparatives
for m
ovement
in fu
nds for prior year 12 month s:
Fund Balance at
01-Sep-21
Income
F
Expenditure
E
Transfers
E
Gains/
Losses
f
Balance at
31-Aug-22
General
Fund
Property Reserve Fund
Circuit Model Trust Fund
Manse Fund (Des)
Mission
&Outreach
(Des)
Total unrestricted
funds
Local Preachers (Res)
248,358
3,496,607
235,738
36,169
63,202
4,080,074
0
3,367
559,541
250
556,174
264,600
29,438
(22,378)
714,272
250
442,612
29,000
(29,000)
(385,778)
831,241
445,463
0
332,920
3,110,829
805,746
35,731
85,580
4,370,806
0
Total restricted funds 0 0 0 0 0
Gane Bequest
Total endowment
funds
7,121
7,121
(447)
(447)
6,674
6,674
Total funds 4087195 559791 714,522 0 445,016 4,377,480
A current year 12 m onths
and pri
or year 12 m onths
combine
d
position
is
as follows:
Balance at Gains/ Balance at
Fund 01-Sep-21
F
Income
F
Expenditure
f
Transfers Losses 31-Aug-23
General
Fund
248,358 1,044,272 1,005,307 (60,100) 227,223
Property
Reserve Fund
Circuit Model Trust Fund
3,496,607
235,738
229,262 442,929 (1,932)
(32,103)
(40,248)
831,241
3,454,427
821,209
Manse Fund (Des)
Mission &Outreach
(Des)
Total unrestricted
funds
36,169
63,202
4,080,074
1,273,534 109,437
20,254
1,577,927
94,135
0
790,993 20,867
42,948
4,566,674
Local Preachers(Res)
Total restricted funds
0
0
250
250
250
250
0 0
0
Gane Bequest
Total endowment
funds
7,121
7,121
(730)
(730)
6,391
6,391
Total funds 4 087,195 1,273784 1,578,177 0 790,263 4,573,065