| for the | year ended 3 | 1August 2023 | |||||
|---|---|---|---|---|---|---|---|
| Note | General | Model | Total | Total | |||
| Fund | Trust | 2022/23 | 2021/22 | ||||
| Fund | |||||||
| f | F | ||||||
| Charitable activities: |
|||||||
| Assessments | 213764 | 213764 | 199202 | ||||
| Investment income |
1102 | 26570 | 27672 | 4615 | |||
| Other income | 108942 | 108942 | |||||
| Total Income | 214866 | 135512 | 350378 | 203817 | |||
| Stipends and salaries |
124738 | 124738 | 120785 | ||||
| District assessment | 11521 | 11521 | 11202 | ||||
| Methodist Church Fund |
39522 | 39522 | 41302 | ||||
| Telephone and travel |
15023 | 15023 | 12232 | ||||
| Insurance and utilities |
19866 | 19866 | 18646 | ||||
| Maintenance ofmanses |
10859 | 10859 | 14108 | ||||
| Expenditure on circuit property |
60700 | 60700 | 24489 | ||||
| Examiners fee | 1100 | 1100 | 900 | ||||
| Other expenditure | 5420 | 2582 | 8002 | 10843 | |||
| Grants and donations | 123086 | 123086 | 61321 | ||||
| Provision for outstanding |
grants | 13 | 378914 | 378914 | -673487 | ||
| Contributions to Connexional |
|||||||
| Priority Fund | 59227 | 59227 | 64172 | ||||
| Total Expenditure | 228049 | 624509 | 852558 | -293487 | |||
| Net Income/Expenditure | -13183 | -488997 | -502180 | 497304 | |||
| Transfers between funds |
22500 | -22500 | |||||
| Gains (losses)on revaluation | |||||||
| offixed assets | 182405 | 182405 | 312774 | ||||
| Gains/losses on investment |
assets | -149 | -149 | -286 | |||
| Net movement in funds |
191722 | -511646 | -319924 | 809792 | |||
| Reconciliation of Funds |
|||||||
| Total funds brought forward |
2215993 | 737511 | 2953504 | 2143712 | |||
| Total funds carried forward | 2407715 | 225865 | 2633580 | 2953504 |
| B | ALANC | E SHEET AT | 31AUGUST 2 | 023 | ||
|---|---|---|---|---|---|---|
| Note | General | Model | Total | Total | ||
| Fund | Trust | 2023 | 2022 | |||
| Fund | ||||||
| F | F | |||||
| Tangible Fixed Assets |
||||||
| Land and buildings | 9 | 2303128 | 2303128 | 2120723 | ||
| Investments | 10 | 3855 | 3855 | 4004 | ||
| Total Fixed Assets | 2303128 | 3855 | 2306983 | 2124727 | ||
| Current Assets | ||||||
| Debtors and prepayments | 11 | 69907 | 69907 | 46655 | ||
| Trustees for Methodist | Church | |||||
| Purposes deposits | 668227 | 668227 | 902362 | |||
| Central Finance Board | deposits | 58968 | 58968 | 79435 | ||
| Cash at bank | 21038 | 21038 | 1285 | |||
| Total Current Assets | 149913 | 668227 | 818140 | 1029737 | ||
| Creditors, Accruals and Provisions | ||||||
| Due under 1 year |
12 | -45326 | -57303 | -102629 | -170701 | |
| Provision for outstanding |
grants | 13 | -388914 | -388914 | -30259 | |
| Net Current Assets | 104587 | 222010 | 326597 | 828777 | ||
| Net Assets | 2407715 | 225865 | 2633580 | 2953504 | ||
| Funds ofthe Circuit | ||||||
| General Fund unrestricted |
2407715 | 2407715 | 2215993 | |||
| Model Trust Fund unrestricted | 225865 | 225865 | 737511 | |||
| Total Funds | 2407715 | 225865 | 2633580 | 2953504 |
==> picture [405 x 109] intentionally omitted <==
==> picture [441 x 85] intentionally omitted <==
==> picture [470 x 135] intentionally omitted <==
| 2023 | 2022 | |||
|---|---|---|---|---|
| Circuit Churches: | ||||
| Assessment income |
213764 | 199202 | ||
| Grants paid to the | churches | 123086 | 61221 | |
| Grant from Connexion | 103942 | |||
| Assessments paid |
in advance | 36852 | 31114 | |
| Methodist Church |
Organisations | |||
| District Assessment | 11521 | 11202 | ||
| Chairman's Benevolent Fund |
100 | |||
| Methodist Church |
Fund contribution | 39522 | 41302 | |
| Connexional Priority Fund contribution |
59227 | 64172 | ||
| Deposit —Trustees | for Methodist | Church Purposes | 668227 | 902362 |
| Deposit —Central | Finance Board | 58968 | 79435 |